The `Scarcity' Segmentation Of Virtual Currencies --- Examined (PART ONE) Coins Over 58 Million Available

A couple weeks ago I employed some of my natural `market research' skills by examining one aspect... one attribute - of the different `virtual currencies'... coins available... and that is... `the number available' - or what amounts to scarcity. Yes, the number available (using one `best source CoinMarketCap.Com)... such as ...does a `coin' have just a `handful' available, or, are there literally BILLIONS available. (This research into this data was done about May 7th.) Many coin traders have only the vaguest ideas about most coins... despite being able to tell you that Bitcoin will never exceed 22 million (or whatever the exact figure is). 

One reason I did this background legwork was to answer the question - Which of these `scarcity' strategies `works', at getting a coin the `attention and awareness' it needs to break through the enormous `clutter of coins' currently on the marketplace exchanges and beyond? Is it the `here I am and I am billions strong wanting to be the NEXT BIG thing? Or, is it the `I wanna be the next BITCOIN' positioning (similar number of coins to bitcoin) ... sought by many coins `with improvements' to the bitcoin technology. 

Or, should the coin be daring and emulate the `scarcity' factor in spades... limiting the number of coins available to `just a few' in comparison to Bitcoin... and hope, somehow, that a real `scarcity' value is subscribed to and ascribed to the coin itself... in an era where most coins have a near zero awareness with the general public. Perhaps `the scarcity branding' will be accomplished with an expensive sounding coin brand name? 

Ah yes..... The appropriate branding - essential to all coins .... but perhaps the sweet spot isn't scarcity (?) ...... indeed,  should the positioning on how many coins will be available by the developers be something in-between the HUGE apparent hole in the above... a coin NOT with BILLIONS... but substantially more than BTC, and filling the 20 million to 1 billion coins available positioning. 

Hmmm. Interesting. I wonder. So, I did the digging I first promised you.

So, what did my analysis find - about the 552 coins listed on CoinMarketCap.Com just a few weeks ago? Sorted by `number available'? 

Well below is a summary ... and a guide of sorts to understand ... probably... just how much `potential' ANY coin really has `if is has a certain volume of coins'... regardless if the developers dream is a dollar a coin (which is about 0.004btc=1.00fiat)..... `a common pipe dream of all levels of scarcity and all types of coins'.

Enough already right? .... are you ready? Here goes... lets start with the Top 50 coins with the `most available' - you better be a coin with a BIG name for this branding... and as you can see below - you will not be disappointed with the biggest available coin:

Segment 1 - Most Abundant Coins Available, top 50

THE BILLIONS AND BILLIONS SEGMENT

In this category, Colossuscoin, with 312 BILLION available takes the cake... at least it has a name to match its Colossus number of coinage, right?... And, the top 50 trails down to the measly 2.1 BILLION available for UFOcoin. BTW, these two coins have market caps below 20K and daily volumes under 20 bucks. Hardly an indication of automatic success by having billions and billions. Tracking these random coins that make up the first and last of a category will also give some insights as to just how HARD the alt coin world is to compete within.

But the real BANG of any of the 10 segments is the CHANCE to be BIG... and this segment DOES THE BEST overall with (10-12) coins in the Top 50 Marketcap AND Top 10 Marketcap (of all 552 coins)

Indeed.... these 10 coins were in each days Top 50 marketcap that I checked:

(shown with fiat value)

these 6 were ranked #11-50 in marketcap

         FIAT

NEM 0.0001

MINT 0.00001

REDD 0.00001

INFINTE 0.000003

BYTE 0.00002

DARK NOTE 0.00006

Segment 1 - TOP 10 MARKETCAP COINS
                           FIAT/USD
#8 - BITSHARES 0.003
#7 DOGE 0.00009
#5 STELLAR 0.0027
#2 RIPPLE 0.00076

EVERY COIN ABOVE WITH A VALUE OF UNDER
10,000 SATOSHIS (0.0000XXXXbtc)

So, big things can come in BIG packages - but, as of now, a self limiting value under 1/3 a cent each for the very best positioned. Indeed, should a price breakthru happen to this category or even a coin in this category - the implications could be enormous.
IMO... the `second bitcoin' will likely come from this segment, but the competition is fierce at the top - and other segments of scarcity also do quite well in gaining real value per coin and per cointype. 
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(You will notice from here on out that I follow the same format as above in bringing each segment to you for analysis.)
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Segment 2 - Very Abundant Coins Available, top 51-100

THE BILLIONS AND HUNDREDS OF MILLIONS SEGMENT

In this category, ANIMEcoin, with 1.9 BILLION available takes the honors... And, the top 100 trails down to the measly 176 MILLION available for Einsteinumcoin. BTW, these two coins have market caps of 4k and 25K and daily volumes under 80 bucks. The randomness of these picks representing the segments is one way of accessing the value of segments in general too.

But the real BANG of any of the 10 segments, as mentioned before,  is the CHANCE to be BIG... and this segment does the worst overall with only 4 coins in the Top 50 Marketcap AND one Top 10 Marketcap coin 

These 4 coins were in the Top 50 marketcap that I checked:

(shown with fiat value)

these 3 were ranked #11-50 in marketcap

         FIAT

NUSHARES 0.002

SYS 

GULDEN 0.001

Segment 2 - TOP 10 MARKETCAP COIN

                           FIAT/USD

#6 - NXT 0.009

EVERY COIN ABOVE WITH A VALUE OF UNDER

10,000 SATOSHIS (0.0000XXXXbtc)

So, big things can come in BIG packages - but, as of now, the self limiting value for these hugely available coins remains at under a cent each for the very best positioned. Indeed, should a price breakthrough happen to this category or even a coin in this category - the implications could again be enormous.

IMO... the `second bitcoin' based on what is charted above -  will likely not come from this segment.

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Segment 3- Abundant Coins Available, top 101-150

THE TENS OF MILLIONS AND HUNDREDS OF MILLONS SEGMENT

In this category, TAKcoin, with 169 MILLION available takes the honors... And, the top 150 trails down to the measly 58 MILLION available for NAVAJOcoin. BTW, these two coins have market caps of 1k and 250K and daily volumes OF 16 bucks @300 bucks.

But the real BANG of any of the 10 segments is the CHANCE to be BIG... and this segment does the 2nd best overall with  7 coins in the Top 50 Marketcap BUT  had NONE of theTop 10 Marketcap coins.

These 7  coins were in the Top 50 marketcap that I checked:

(shown with fiat value)

these 7 were ranked #11-50 in marketcap

                       FIAT

NAVAJO 0.004
BLACK 0.013
WORLD 0.003
DNOTES 0.011
CRYPTI 0.003
TILE 0.003
FUEL 0.019

The top coins now approach 2 cents fiat in value each - real money.

STILL

EVERY COIN ABOVE WITH A VALUE OF UNDER
10,000 SATOSHIS (0.0000XXXXbtc)

So, big things can come in BIG packages - but, as of now, the self limiting value for these hugely available coins remains at under 2 cents each for the very best positioned. Indeed, should a price breakthrough happen to this category or even a coin in this category - the implications could again be enormous.
IMO... the `second bitcoin' based on what is seen (not even one top 10 marketcap) -  will likely not come from this segment.
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So... a quick rule of thumb on any new coin you are considering investing in... ask and research how many are available of this coin? Because IF you see a pricing in excess of 0.0000xxxx and they are in any of the above categories, beware, ... in other words - a coin that prices itself at say 0.00015000 satoshi out of the gate upon introduction to the public ---- you can BET that coin is going DOWN in value - IF it has more than 58 million coins available.
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Part Two will tackle categories 4,5,6,7 - the post is already written and posted, just keep reading DOWN this page - be ready to be enlightened soon.
Part Two
Part Three
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Coinbase.Com
the place for newbies to get their first Bitcoin

`Native' American Crypto-Currencies Tomahawk Higher

You could do worse than reading this blog which featured the MazaCoin Over Five Weeks Ago very early in the switch-over to a bitcoin blog as it and Navajo Coins have been SOARING like an Eagle in the clear blue sky..... MazaCoin, the coin of the Oglala Lakota Nation, is following the path upward in value being laid by the NavajoCoin. Indeed, my next update at Bitcoins In Trade may shock you with what they've done to the value of my accounts at Bittrex and Cryptsy. I told you that the ONLY coins with potential legit value were coins that could be viewed as sovereign coins. And the run has only just begun IMO. Why Their Could Be A Bull Run With The New President John Steele - who is big on sovereignty. 
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Bitcoin News, Views, and Spews

Below is the Founder of MazaCoin Payu Harris talking with a local city council representative about bitcoin technology and bringing to the area. As with most in the political realm she is of low awareness about the technology but is seemingly more than willing to learn if it will help the community.

Bitcoin Winner - Payu Harris

Link To Video

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The Spew

I know who hacked Sony Pictures - Says John McAfee

says it wasn't North Korea

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More Soon

Stay Tuned

I'm Up At Bittrex - Portfolio Review

I thought an update was in order - especially since about a week ago I went from down overall in my Bittrex trading of non-bitcoin digital currencies - to UP. The change was the result mostly of a fantastic trade result of one coin - to be revealed at the end of this post. (I may have spilled the beans in an earlier post too.) (Okay it was GameaholicCoin.)

Anyway - Via transfers and stuff with the other exchanges I'm in - my original btc stake at Bittrex was 0.15 btc value (about 50-60 bucks at the beginning) - below is the current btc value as of this posting 11/26 at 10:10 AM eastern (has been as high as 0.180 in last 48 hours) - even with .168 that's up over 10% from the start and well up from the lows around .125

0.1687-0.180 over course of this posting
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Largest Positions And Value/Coins

.03 - Bitcoin, (80% reserved for buys)

.021 Bytecent, (next bitcoin lite?)

ByteCent was crowd-funded at Bittrex - I bought in

.018 PandaCoin (nation coin)

.017 ReddCoin (Reddit's coin)

.013 NavajoCoin (nation coin)

coins above this line I am mostly in an accumulate long term mode

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generally coins below this line I am in trading mode

.008 VertCoin (slow hard trade)

.007 ESportsCoin (love this ones potential)

.005 QuickSilver (profitable for me)

.004 Britcoin (just starting)

.003 WorldWideCoin (losing gamble on BIG name niche)

.003 CraigsCoin (good before, tight range lately)

.003 SyncCoin (expensive loser for me - still holding)

.002 CheckCoin (overbought loser)

.002 CleanWaterCoin
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These posts are so time consuming that I'm posting this part - the `portfolio' is now about 30 coins on Bittrex - trying to find the ones that go up and down - more soon.
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Please check out the various links on this page - you are sure to be entertained.

Moving Into The `Nation' Coins

I've had the below written for about a week and it's become apparent that despite being really involved in this Bitcoin thing - that the amount of change and degree of understanding makes it tough to get the posts OUT to readers.... so, I'll cut my losses on this post and say that I've gotten WAY IN to the `nation coins - you can find many in the sidebar now. Dig into the stew for more.

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So, now that I've showed my emotional support timing-wise for the `pot' coins - and I still believe in a few of them (if not most of them on some level) - I will wait for the momentum on them to build again in the future based on political developments or the election cycle (this time around they took off a few weeks before  (smart money bought about Oct 1-5th) and then sold off). Of all the coins, the pot coins do indeed have a market that needs a form of alternative currency - at least for now. On that reason alone, I've hung onto some level of all the coins on the ultimate idea that IF virtual currencies are to find a marketplace - this may be one.

Now, based on all that - I've moved at least some of my BTC value into my newest obsession about virtual currencies - and that is - that some nations populous may indeed use such `money' at a sudden and rapid increase.... and find that it WORKS better to have such a currency.... are you with me? So, based on that - I've diversified into `currencies' such as Navajo coin which I traded for four times - all buys in the 0.00000320-0.00000400 range. (Raising the stake in the Dental Floss Tycoon account in Navajo to 0.01 - one of the larger stakes at this point.) We'll be tracking all of this of course.

Navajo Coin is named after the great Navajo code talkers in recognition of their efforts and contributions to encryption as well as the sacrifices made by the Navajo heroes in World War II with the unbreakable Navajo code that was used to encrypt highly classified military information and decrypt the same. Their encryption was undecipherable by their enemies due to the "alien" status of their language in the rest of the world as well as the system they used. Their encryption was a major reason for their victory. Today our enemy is the prying eyes and ears of "Big Brother" as well as those of overly curios brothers and sisters. Our mission is to have the Navajo Double Encryption anonymous system lead us to victory and give us our right of privacy! Navajo Anon is just the beginning!

 NavajoCoin
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And, even coins with bigger objectives/country sizes - such as Canadaecoin which I've traded for on Bluetrade where I recently obtained (oct 13-15) 20,000 for 0.00000013 to 0.00000015,.... it's even bounced to 20 in the last day or so. (Update - I sold all of it for MUCH higher) Again - coins with a built in niche, that have a public presence or possible pride built within the branding name. Like a Nation.

We are inspired by many open-source related projects, their communities and the charitable acts they seem to inspire. We began a project with a uniquely Canadian spin and are now daily building a new community around this project and the support channels for it to thrive.

Additionally we have refined our branding, introduced bounties and are building applications to push CDN’s viability as a community-plumbing and transactional platform.

Canada eCoin’s technical parameters are tuned to ensure it is responsive for retail applications. Test how fast that faucet works!

Canada ECoin
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Now, I've already blogged how ScotCoin and KarmaCoin were my reasons for migrating to Bluetrade (as Coins-E had extremely limited markets in them) - and as you can easily see at the above link - there's big news about ScotCoin to existing Coin holders (like me who are suddenly having to do things to keep Coins alive) - anyway, the Scots may get a new vote on Independence, have oil, could be very tempted to do the virtual currency route... etc. etc. --- seems they are ramping up. Will only have EVER - one billion Coins. (I OWN 23K - holy cow.) I'd expect that I will be not trading per se the nation coins as much as accumulating them vs the Bitcoin. I got 20K of those coins at Bluetrade on November 13th
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Along the same idea - I traded for 
IRISHCOIN - IRELAND'S PREMIER CRYPTOCURRENCY IS
LAUNCHED, LIVE AND IN USE WORLD-WIDE.
Designed predominantly for the Irish tourist sector, IrishCoin launched Saturday May 17th. Irish tourism is worth over $3Bn per year to the Irish economy and IrishCoin intends to utilize the promotional aspects of tourism, providing the coin as a discount token vehicle, a tourist organizational branding opportunity, and for the promotion of the Irish tourism industry among the Irish diaspora in the US, Ireland, and globally. 
IrishCoin - got 20K of those too at Bluetrade... at 0.00000020 - 

SterlingCoin
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I've leave this post with the above as I already have had another one in the till partially finished for 5 days or so. I DID have a BIG win on GameaholicCoin -- yes, sick I know. I could sense a big buy up at Bittrex when they were scheduled to be dropped out of the exchange... figured someone would step up and buy the volume available for sale - was right big time... yes, .... I'm now up in the alternative accounts (in BTC value of alternatives compared to Bitcoin)... well see. more numbers soon - please check out the opportunities on the page to begin your own Bitcoin journey.

Fifty Buck Dental Floss Tycooning - Part Two

This is the on-going account of the approximately 50 USD (via Bitcoin for trading 0.15 Bitcoin when begun) trading account in virtual currencies - offered at Bittrex. All readings 11/7/14 @6pm.

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Today's Patter

As you have read, the first moves into this exchange was just a few days ago to acquire a portfolio heavy in the `marijuana names' before the election - assuming a general win for pot. The Coin result was mixed but one Coin - the SativaCoin - has been tanking nearly the entire time due to low trading volume and folks getting out at any price. I guess I will find out what happens when one owns such a Coin. Perhaps. (as trading volume has picked up, perhaps saving it in the exchange). Still can't find a price to get back into ExclusiveCoin (sold out at profit already).

Now, to make it easy for myself - I've been buying a Coin in amounts of either 0.01, 0.005, or 0.0025 Bitcoin value. That way, I can generally easily know where I stand with a Coin since the investment. Understand the even the 0.01 BTC is worth only 3.50 USD or so (when I started). IF that is understandable - here's what the Dental Floss Tycoon Coin Portfolio looks like right now.

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The starting 0.157 BTC

is now

0.140 BTC

OWN THESE

@ values shown - @# of Coins

ReddCoin - 0.099 - 76K

NobleCoin - 0.0023 - 19K

UFOCoin - 0.0014 - 16K

PotCoin - 0.013 - 2K

CraigsCoin - 0.0025 - 1.4K

NavajoCoin - 0.052 - 1.3K

GanjaCoin - 0.003 - 500 

(0.05start + sold additional 0.05 at loss)

CannabisCoin - 0.094 - 400

(doubled up today from 200 coins)

Solar Coin - 0.80 - 400 (1/2 for sale)

VertCoin - 0.011 - 60

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OWN- 100%UP FOR TRADE

SativaCoin - 0.0053 (0.01 start) - 15K

CheckCoin - 0.0029 (0.005 start) - 200

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BITCOIN - DRY POWDER

0.066

0.017 (in reserve for active buys/BIDS)

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ACTIVE BIDS INCLUDE

ShadowCashCoin

GamerCoin

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0.49 true dry powder

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today's purchases included

NobleCoin*

NavajoCoin*

VertCoin (re bought for trade - new cycle)

ReddCoin (doubled up)

CannabisCoin (doubled up)

*first time ever was today

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All you need is some peoples currency - Bitcoin - to begin to have the same kind of fun. Buy Your First Bitcoin Here Via Coinbase. (this is where I bought my first and store 0.15 outside of my trading account). I add tiny amounts to Coinbase regularly.

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Remember, if you sign up for the FREE Bitcoin daily - at the links on this page - remember to use BS in your member name to let me know how you got there.