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Why the price of LTBcoins is going down and down ?

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Hesham_3del

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Posts: 661
Location: Cairo, Egypt

Hello,

When I was a melotic now, I wanted to see the weekly graph.

The price is going down with the speed of rocket !!

Why is this happening ?

How can we recover the value ?

What to do to prevent this from happening again ?

Posted on August 3, 2014 at 5:32 PM

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• irnhnve

  

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  Posts: 228

  We are still in a period of mass inflation because of the large weekly payouts. Some people sell immediately upon receiving their distribution which drives the price down. Once distributions are smaller, 'dumps' will not be as large.

  Posted on August 3, 2014 at 6:40 PM
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• Hesham_3del

  

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  Posts: 661
  Location: Cairo, Egypt

  @irnhnve We are still in a period of mass inflation because of the large weekly payouts. Some people sell immediately upon receiving their distribution which drives the price down. Once distributions are smaller, 'dumps' will not be as large.

  Well the price rise again ?

  Posted on August 3, 2014 at 6:58 PM
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• adam

  

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  Posts: 1980
  Location: California, USA

  @irnhnve We are still in a period of mass inflation because of the large weekly payouts. Some people sell immediately upon receiving their distribution which drives the price down. Once distributions are smaller, 'dumps' will not be as large.

  Yep!

  on Saturday the money supply expanded about 8%, you can see the weekly distribution schedule (with the accompanying inflation) here https://docs.google.com/spreadsheets/d/1GzytNblMx8xBmUczX7sPC8QitkJrrRirNrh2AJtjy1Q/edit?usp=sharing

  If you're only in it for the money, LTB probably isn't the place for you. What we are doing is trying to create something (a community) from nothing, and give the people who make it possible (the community members) a token that will gain value as the community gains value. If the community does not gain value, the token doesn't really have much value because there are so many.

  Before we turned on the referral program the price was going up during greater levels of inflation simply because the people receiving the tokens believe in the long term and do not want to sell their tokens for any price now.

  You can make the token valuable by contributing worthwhile content that makes others want to contribute, rather than trying to figure out how to maximize your point earnings. You are of course welcome to maximize your point earnings and sell as soon as you recieve the tokens, but those actions are the reason the price is going down.

  I don't really think about the price seriously now at all, there is so little trade and it's still so early (less than 15% of the money supply is in the wild, and we're less than 3% done with the issuance schedule. Long road ahead of us.

  Posted on August 3, 2014 at 7:01 PM
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• NickNZ

  

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  Posts: 73
  Location: New Zealand

  I for one am in it for the money and information. I really like what is happening with the show and am sure it will gain in value over time. I'm buying at 205 and think there is plenty of upward potential. I would rather invest in this than many of the dubious alt coins.

  Posted on August 3, 2014 at 7:35 PM
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• asdlolciterquit

  

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  Posts: 623

  @irnhnve We are still in a period of mass inflation because of the large weekly payouts. Some people sell immediately upon receiving their distribution which drives the price down. Once distributions are smaller, 'dumps' will not be as large.

  when will the distributions become smaller?

  Posted on August 4, 2014 at 6:31 AM
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• hashminer

  

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  Posts: 41
  Location: earth

  I think this is a great idea and I think good things will come of it.

  Posted on August 4, 2014 at 6:47 AM
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• Hesham_3del

  

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  Posts: 661
  Location: Cairo, Egypt

  @adam

  @irnhnve We are still in a period of mass inflation because of the large weekly payouts. Some people sell immediately upon receiving their distribution which drives the price down. Once distributions are smaller, 'dumps' will not be as large.

  Yep!

  on Saturday the money supply expanded about 8%, you can see the weekly distribution schedule (with the accompanying inflation) here https://docs.google.com/spreadsheets/d/1GzytNblMx8xBmUczX7sPC8QitkJrrRirNrh2AJtjy1Q/edit?usp=sharing

  If you're only in it for the money, LTB probably isn't the place for you. What we are doing is trying to create something (a community) from nothing, and give the people who make it possible (the community members) a token that will gain value as the community gains value. If the community does not gain value, the token doesn't really have much value because there are so many.

  Before we turned on the referral program the price was going up during greater levels of inflation simply because the people receiving the tokens believe in the long term and do not want to sell their tokens for any price now.

  You can make the token valuable by contributing worthwhile content that makes others want to contribute, rather than trying to figure out how to maximize your point earnings. You are of course welcome to maximize your point earnings and sell as soon as you recieve the tokens, but those actions are the reason the price is going down.

  I don't really think about the price seriously now at all, there is so little trade and it's still so early (less than 15% of the money supply is in the wild, and we're less than 3% done with the issuance schedule. Long road ahead of us.

  Thank you for your detailed answer adam.

  Could you answer this please.

  How can we recover the value ?

  What to do to prevent this from happening again ?

  Posted on August 4, 2014 at 8:10 AM
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• shawn_j

  

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  Posts: 121

  @hesham3del

  Could you answer this please.

  How can we recover the value ?

  What to do to prevent this from happening again ?

  you have to do something to get the price up. contribute to the network in some way. leave insightful posts & comments. write an article. tell your friends & random internet people about LTB, and give them a few ltbc for free. and it's all an experiement so there's no guarantee the price will go up.

  Posted on August 4, 2014 at 11:19 AM
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• Paws1t1veEV

  

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  Posts: 65
  Location: Earth

  I'd continue to expect a decrease in price until there becomes a reason to buy. Right now so many are being distributed it's far easier to earn them from the payout schedule than it is to buy them. As the site develops we should see an increase in demand and then an eventual inflection point where demand is finally larger than the weekly distribution. This will correspond to a price increase, based purely on the growth of this network.

  Posted on August 4, 2014 at 5:44 PM
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• Cryptonaut

  

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  Posts: 1944
  Location: Canada

  A large part of it IMO is just that there isnt a whole lot you can do with them at the moment besides just sell for BTC or other tokens. We are still in the early days of just getting as much of the coin spread out there as possible. I think once we have the automated ad/sponsorship purchasing system and some other stuff you can easily directly use LTBcoin for (like the e-commerce section being built for merchandise etc.) then we will see some increase in the value

  Posted on August 4, 2014 at 6:17 PM
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