Quote:
Originally Posted by danielpbarron
Exactly -- and this works the other direction. Nobody is going to buy sexcoin directly; they will buy bitcoin first, and then exchange it for sexcoin (they won't actually -- this is a hypothetical). So then, what is the point of converting to sex coin? Are people going to set aside a certain amount of funds for their porn viewing? No -- they're going to (again hypothetically; nobody is going to actually buy these things) convert at the last minute, exactly enough for the particular service they are about to purchase. With no reason to save (hoard, amass) sexcoin, its price will experience a constant downward pressure as new coins are generated and as LOOK ABOVE.
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Actually, this is an excellent point, except that ( also in reference to the coinmarketcap link ) it is NOT what's happening with sexcoin right now. It is being mined and hoarded in the millions. There are around 80 million coins generated at this time, and less than .1% of them are showing up on the open market ( cryptsy / bleutrade ). What this means is that there are a lot of people expecting this coin to go up. Also, from an address distribution ( balance of each seen address ) there is not a huge concentration of the coins in any one pocket, although I admit this can be very misleading. The downward pressure being seen right now is a remnant of the bubble last year.
And as a matter of record, I do buy sexcoin as part of a family budget, and hold them for special present times. This gives me the freedom to surprise my SO with gifts, which I cannot really do with CC or Bitcoin because she is active in our finances and notices purchases through regular channels ( Yes, even bitcoin ). Before sexcoin, every damn time I bought her a pair of stockings, she would know before they ever made it to the house. Its really nice to be able to give her an unexpected gift. And in my case, I also use it for sites. Mostly because I have them, and I use a obsucure email address, so there is no trail. This would be harder for me to do with bitcoin( but not impossible ).