It seems if people don't get a 10x return/gain within 3 months, they consider a coin a failure or a scam.
It's great the story about IBM is bringing some interest. But, it's still a highly speculative investment.
Also, afaik, moving fiat on the Stellar blockchain is about anchors. You can move fiat from person to person with a .00001 XLM fee.
So, a company like IBM can buy 10 stellar and make 1 million transactions.
Since XLM isn't really a store of value, I'm starting to wonder if/how/why the price would really go up much?
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Can anyone shed light on this. Perhaps I'm missing something.
They transfer fiat money in stellar, then sell stellar to have fiat money again, no?
No. I'm pretty sure that's not how it works. (or has to work)
Let's say you have 5000 BTC at a stellar anchor like vcbear and you want to send 500 BTC to someone with stellar. Basically, you create a stellar transaction directing vbbear to move 500 of the BTC they hold for you to the person you are sending the BTC to. This cost .00001 XLM to record the transaction on the block chain. vcbear now knows someone else holds that 500 BTC. There is no XLM -> BTC transaction.
I mean, sure you can trade XLM for BTC tokens, but I don't think that's what IBM is doing here. They are just recording fiat movement on the Stellar endpoint. afaik. Even if they were buying lumens for USD, moving the lumens and then selling for USD, those buy/sells would offset each other.
I could be wrong. That's why I'm asking for someone that knows more about this, and why we should expect XLM price to go up much?
