Topic: Deflationary Tokens - page 10. (Read 3816 times)
I don't think any dev team can fool investors now since they are very much mature these days and are not willing to invest in anything that looks suspicious. There are many tokens with great use cases are are still waiting to take off. Deflationary concept is a use case in itself those who understand are investing into it.
I see deflationary tokens as a buzzword, there are so many cryptocurrencies that are not innovative enough, and to attract their investors they need an easy strategy. When the token is deflationary, then the price of one token should grow in the future, right? Yes, but it will not grow until you have a real use case. 
Exactly. The term "deflationary" in either tokens or cryptocurrencies is just a buzzword. Most developers use this tactic to fool investors in the mainstream world. When a crypto asset is deflationary, it doesn't necessarily mean that its price will constantly go up in the future. What really determines its value is the real use cases it can provide to people worldwide. I've seen many deflationary cryptocurrencies and tokens becoming worthless over time due to lack of usability. Only those that are useful and provide active development and innovation, will see constant demand on the crypto market. Consider Bitcoin as a good example of a deflationary cryptocurrency whose prices have been going up constantly since it came into inception back in 2009. Investing in the right crypto assets will allow you to preserve your financial future.
Nonetheless, a coin or token doesn't need to be deflationary to be highly successful. There are many inflationary crypto assets out there on the market with a positive uptrend in price. Ethereum is one of those crypto assets that has been considered valuable to many people in the mainstream world. It's largely because the world's second-largest cryptocurrency by market cap is extremely useful for decentralized applications. You'd need "ETH" in order to access most popular dApps on the Ethereum blockchain. Since "De-Fi" platforms are on the spotlight, Ethereum has enjoyed of a constant uptrend in price in such a short amount of time. As long as you pick the right coins or tokens to invest into, nothing should go wrong. Always do your own research instead of making decisions based on other people's opinion, and you'll do fine for the rest of your life. Just my opinion
I see deflationary tokens as a buzzword, there are so many cryptocurrencies that are not innovative enough, and to attract their investors they need an easy strategy. When the token is deflationary, then the price of one token should grow in the future, right? Yes, but it will not grow until you have a real use case.
There are many coins with good use cases but weren't able to take off. I don't think use case is the criteria to be a successful crypto token. The burning of tokens which result in decrease in coin supply is a use case in itself.
I see deflationary tokens as a buzzword, there are so many cryptocurrencies that are not innovative enough, and to attract their investors they need an easy strategy. When the token is deflationary, then the price of one token should grow in the future, right? Yes, but it will not grow until you have a real use case.
Deflationary tokens can't increase its value simply by the reduction of the total supply. Common sense arrives when people see the demand over the supply, they'll buy it at a higher price. However, the thing that the team can't control is people's demand. The token itself can't attract people to buy then how could the demand raise? That's one of the reasons why there's not a lot of successful deflationary tokens on the market.
Nobody can predict the future of any token. Today's 10k$ BTC was also said to be a useless thing in 2010, same happens with almost every new token that is launched. There are mixed opinions about Deflationary Tokens but one thing is clear that if you control the supply of tokens then price is deemed to go up.
Moreover, I believe that the price of each token is controlled by a separate person. This person can make a referral, then start growing the token and thus attract investors to it. Then the price of the token drops sharply and people lose huge amounts of money, so it is better to take tokens that have been on the market for a long time and have a history of growth and decline.
No pain, No Gain. If you are looking to go on with tokens that are tested then you wont gain much. Real fun of crypto lies in exploring tokens that are under valued and are yet to go up. They can give you huge profits at any instant and deflationary tokens are one among them.
Deflationary tokens can't increase its value simply by the reduction of the total supply. Common sense arrives when people see the demand over the supply, they'll buy it at a higher price. However, the thing that the team can't control is people's demand. The token itself can't attract people to buy then how could the demand raise? That's one of the reasons why there's not a lot of successful deflationary tokens on the market.
Nobody can predict the future of any token. Today's 10k$ BTC was also said to be a useless thing in 2010, same happens with almost every new token that is launched. There are mixed opinions about Deflationary Tokens but one thing is clear that if you control the supply of tokens then price is deemed to go up.
Moreover, I believe that the price of each token is controlled by a separate person. This person can make a referral, then start growing the token and thus attract investors to it. Then the price of the token drops sharply and people lose huge amounts of money, so it is better to take tokens that have been on the market for a long time and have a history of growth and decline.
If you do little research on these deflationary tokens, one can clearly see that they are making rapid progress in terms of both volume and price. Chances are clear that deflationary tokens price will go up as supply continue to decline but it will take time for sure.
Deflationary tokens can't increase its value simply by the reduction of the total supply. Common sense arrives when people see the demand over the supply, they'll buy it at a higher price. However, the thing that the team can't control is people's demand. The token itself can't attract people to buy then how could the demand raise? That's one of the reasons why there's not a lot of successful deflationary tokens on the market.
Nobody can predict the future of any token. Today's 10k$ BTC was also said to be a useless thing in 2010, same happens with almost every new token that is launched. There are mixed opinions about Deflationary Tokens but one thing is clear that if you control the supply of tokens then price is deemed to go up.
Deflationary tokens can't increase its value simply by the reduction of the total supply. Common sense arrives when people see the demand over the supply, they'll buy it at a higher price. However, the thing that the team can't control is people's demand. The token itself can't attract people to buy then how could the demand raise? That's one of the reasons why there's not a lot of successful deflationary tokens on the market.
Masses may take a while to adopt this new concept. Every new coin faces huge resistance in the start because of too much scam in crypto market. Legitimate tokens also have to face the criticism. deflationary tokens are available at discounted rate, buy them before it gets too late.
If you look at the site of deflationary token BOOM they have a very straight message i.e. we have a token that is lessening in number and we have launched it for trading purpose. There is no distraction like the token has this use case and applications. Its only launched for the purpose of trading and investment.
The traditional crypto market is saturated with too many coins with BTC the sole leader. Deflationary Tokens are good edition in a sense that they have introduced a new concept which is different then wts already there. It will take time before we see Deflationary Tokens on main spots.
Deflationary Tokens based on smart contract is a great way to boost the token volatility. Since the tokens are continuously getting lesser in number, the price will be always in swing. It will be interesting that how this coin will be adapted when total circulating tokens will be half of the total number of coins.
How good is the deflationary when the market is highly volatile? See what happened on AMPL, they are now barely surviving due to the negative rebase of the coin price.I am fomo indeed but losing 100$ in the process is not good. Also you will noticed that the decrease of coins are likely eat your stuck in the end. Only whales can support its volatility by having tons of coins and will sell during rebase.
So why not swim with whales, get profit and quit before its too late. One need to be pro-active to study and make decision about such Deflationary tokens before its too late.
As far as AMPL is concerned, its doing good with 30 million $ turn over in last 24 hours. https://coinmarketcap.com/currencies/ampleforth/
I'm with you mate, it's better to ride in for short term and ride out when you've make few good gains, I'm not into crypto investment for long term, I will always jump from one project to another, once I made good gains from a coin I will find another
If you are looking for short term investment or trading then Deflationary Tokens are a good choice for that purpose. You can take short term position with them as they are very much volatile. BOOM is doing good on exchanges, you can try that.
Deflationary Tokens based on smart contract is a great way to boost the token volatility. Since the tokens are continuously getting lesser in number, the price will be always in swing. It will be interesting that how this coin will be adapted when total circulating tokens will be half of the total number of coins.
How good is the deflationary when the market is highly volatile? See what happened on AMPL, they are now barely surviving due to the negative rebase of the coin price.I am fomo indeed but losing 100$ in the process is not good. Also you will noticed that the decrease of coins are likely eat your stuck in the end. Only whales can support its volatility by having tons of coins and will sell during rebase.
Deflationary Tokens based on smart contract is a great way to boost the token volatility. Since the tokens are continuously getting lesser in number, the price will be always in swing. It will be interesting that how this coin will be adapted when total circulating tokens will be half of the total number of coins.
How good is the deflationary when the market is highly volatile? See what happened on AMPL, they are now barely surviving due to the negative rebase of the coin price.I am fomo indeed but losing 100$ in the process is not good. Also you will noticed that the decrease of coins are likely eat your stuck in the end. Only whales can support its volatility by having tons of coins and will sell during rebase.
I am well aware of coins with controlled inflation like BTC, where a finite number of coins will be generated at a controlled rate. Very recently I came across deflationary tokens where coins are destroyed whenever a transaction is made and they will end at some time.
My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
when it comes to crypto, deflation is all that matters.In the crypto space, people are encouraged to hodl , the longer you hodl your coin, the higher the coin’s value will gain.it is a kind of deflationary currency and you may expect it to only increase in value in the long term as the supplies of most cryptos are fixed, crypto have a lot of deflationary tokkens, when the token burning occurs, a specific amount of crypto is permanently removed form circulation. the destruction of the coin is not to be taken literaly. what happens is that with a coinburn tokens are taken out of circulation by placing them in a public wallet from which these tokens can never be retrieved.
Deflationary Tokens based on smart contract is a great way to boost the token volatility. Since the tokens are continuously getting lesser in number, the price will be always in swing. It will be interesting that how this coin will be adapted when total circulating tokens will be half of the total number of coins.
I understand deflationary token concept helps to reduce circulating supply and hence increase demand for the token, but then some new projects are having a big misconception about it. I bought one DEFI token on uniswap and sent it out to a centralized exchange since my main aim was arbitrage, 20% of the token was burnt upon that transfer to my greatest dismay. What kind of token architecture is that? Some new DEFI token are adding the deflationary concept to spice things up anyway.
Deflationary Tokens based on smart contract is a great way to boost the token volatility. Since the tokens are continuously getting lesser in number, the price will be always in swing. It will be interesting that how this coin will be adapted when total circulating tokens will be half of the total number of coins.
I think the era of deflationary tokens have gone. We thought these tokens will actually bring lots of revolutions to the crypto industry especially, in the area of limited supply and burning of tokens on every transaction. But the concept didn't really make it. I still have some of them in my wallet now that as good as dead.
Exactly. Most deflationary tokens out there have been abandoned by their developers. Only a select few are still being actively traded on the crypto market. It's not about deflation, but rather how useful a cryptocurrency or token is in the mainstream world. But people don't see it that way. They believe that a deflationary token is meant to rise in price for the foreseeable future. This mindset leads to many undesired losses in the long run. Those who know how crypto works, will invest wisely into prominent cryptocurrencies with a proven track record of development and innovation.
As far as choosing a deflationary token as a long term investment, I think that Binance Coin is the best one around. Binance will be periodically burning the supply of BNB, contributing towards the token's price in the long term. Considering that Binance has been widely successful in the crypto space, Binance Coin (BNB) won't be going anywhere. You can see how BNB quickly increased in price since it came into inception some time ago. Buying & holding BNB, alongside deflationary cryptocurrencies like Bitcoin and Litecoin, should give you an ever-lasting investment that will help secure your financial future. As a golden rule, always do your own research regarding any deflationary or non-deflationary token you're willing to invest into. If you do that, you won't have to regret making a bad decision in the long run. Just my opinion
Any coin that is abandoned by its developers can never go up whether its Deflationary token or any other. If you analyze history of BOOM token since its inception, you can clearly see that its attracting a decent amount of volume and this is clear indication that team is still working hard behind the scene.
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