This is from the price speculation thread on bitcointalk. Hopefully the conversation will move over here.
PPC does not have the lowest inflation rate. Where do you get that number?
Here are the facts I have. PPC has out inflated LTC and hasn’t been around nearly as long. It produces around 411 coins per block. Bitcoin is at 25 coins per block. Litecoin is at 50 coins per block. Mincoin is at 2 coins per block. As a result of epic growth PPcoin has 19 million coins in circulation to LTC’s 18 million.
At this point in time it’s not really a big deal because 19 million is low, but it’s not the lowest inflation rate of all alt-coins based on the numbers I’m working with. I don’t know where you get the values of 20% - 30% inflation, and how do you figure it’s the lowest?
I know it’s your coin so you’re going to promote it but what we are seeing in the market are signals of a period of high inflation, and market cap shrinkage, which isn’t a bad thing but don’t convince people to invest heavy fiat into this coin when it’s rise is truly uncertain. I await the figures backing up your claims.
More miners should raise the difficulty which should slow the inflation rate and that could happen as soon as ASICS ship.
I’m mining PPC. I predict someday each PPC will be worth $1 and when I mine I think of each PPC as $1. I also think the price of PPC will eventually go up, but the price of PPC will be correlated with the market cap just like it is with all coins and only when the market cap is brought up to a level above the total amount of PPC in circulation will we see PPC price at $1 and up.
This would mean PPC needs a market cap of $19 million or more. LTC has a market cap if $50 million but is selling at $2-3, Bitcoin has a market cap of over a billion and is selling at $100-130, let’s see if PPC gets to a dollar when it’s market cap is over $20 million, I predict that is what it will take and that is possible but probably not going to happen anytime soon. The only way it will happen is for you and others to set up sites where people can buy PPC directly with USD, not buy it with BTC or LTC. Then there has to be many sites set up for people to spend PPC. Finally there has to be some job sites for people to earn PPC.
Current PPC market cap is $ 3,137,639 and it just lost -7.97%. Unless the trend changes I expect the price to keep going down until a development in PPC changes the trend.
Supply is high and demand is low. I think this can change over a period of 6 months but the longer supply increases the bigger the market cap will have to be for each coin to be worth $1. So while I know PPC is worth something, and worth more than 0.003 in the long term and definitely worth more than it’s going for right now, I don’t know that it will ever reach $1.Since the poll is asking where I think it will be in the next 45 days I think right now there are signals that the price has to go down further before the slow climb back up so I think for another few weeks to a month we will see it dip down to 0.0010 and then 0.0007 and from there it will go back up. Because of this, if you’re thinking about PPC as a short term investment it’s a very bad time to buy PPC. Wait another couple of weeks when supply is increased even further and then buy as much as you can while it’s at around 0.0007, if you buy right now you wont get the maximum amount of profits as a speculator.[/quote]
I agree with much of Luckybit’s read of the market. I think he’s unaware that PPC targets 30 minutes per PoW block rather than every 10 minutes like many of the others. This is probably part of why Sunny says it has a lower inflation rate than most. Also 2 million PPC were produced in the first day. Obviously there hasn’t been a day like that since. Nonetheless I think the downward trend may continue for a while. If you’re trying to make a profit, not only does PPC need to beat fiat, it has to beat holding BTC and that’s a tough thing to do until BTC reaches market saturation. I think there will come a day where the massive energy costs of the bitcoin mining machine cause its costs to exceed a more efficient currency like PPCoin. Hopefully the market factors it in well in advance of that point. However we’re still a long ways from that scenario right now.