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Monday, February 01, 2016 9:21:08 AM
Pinkcoins are the purchase of tiny %'s of the $5 million in colored diamonds held in vault in Toronto. So each Pinkcoin is like a tiny % of that $5 million...thus it sets a floor on price of coins.
Bitcoins are backed by nothing except how many coins are out there, and supply & demand.
If the priced of colored diamonds increase, then so does the "floor" on Pinkcoin.
Think of Bitcoin or Dogecoin as growth stocks like FANG...where as Pinkcoin is like Verizon or J&J...the $5 mill is asset backing gives it a floor...and possible more stability cause it cant go below value of the diamond portfolio...if it does you buy...like a stock that trades below book or better yet trades below cash per shares cause diamonds are fairly liquid assets.
PNIK
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Post it up on my new board!
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http://investorshub.advfn.com/boards/board.aspx?board_id=21852
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