For Coins that is made for purpose of payment, why not make it's price fix?

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: puremage111 on June 09, 2019, 03:46:04 AM

Alright, so personally i've seen quite some coins that is mainly looking to adopt into the market with its utilities as a payment token

But there is always this problem where i am wondering
If one coins were mean to be accepted as a payment method, what's the pros of keeping the supply fix and increase the coins price?
Shouldn't it be good if a coins had unlimited supply but always fix with one price?

yes it can be also good idea but I think when we do something different we expect the changes in it if it was a stable currency than no one will try this everyone has their own country currency if it was unstable only they can be make some profit also while using that.

CryptoAlphaStar

full member

Activity: 574

Merit: 101

Stablecoins will be the only coins used by merchants that have to deal with constant supplying and sales. Otherwise, it will be very risky for them.
I think more projects will start issuing a stablecoin together with their utility token, and this will provide the price fix.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: hdclover on June 09, 2019, 04:44:45 AM

Prices of a coin that you see are the market given prices. It is based on supply and demand. Price can be fixed only if there is some less volatile asset to back the coin/token with. A stable currency can also be used (USDT, TUSD etc are the examples).

Yeah somehow stable coins is there because of the price stability and how it can hedge on the positions
But yeah, everything still goes back to supply and demand at last hmmmm
Price can't really stay if it is not pegged to something imo

CryptopreneurBrainboss

legendary

Activity: 2380

Merit: 4265

eXch.cx - Automatic crypto Swap Exchange.

Technically no token has only the dream of achieving a utility purpose as a payment token. They also have the desire to be seen as an investment option that's why they carryout ICO/IEO etc. The reason for the fix supply is so they can take advantage of the principle of demand and supply. Unlike bitcoin inwhich its main goals doesn't involves movement in price but adoptation as global currency most altcoin are interested in the price of their tokens then utility purpose you can observe that in the way the project is been managed e.g binance constant burning of BNB token to reduce circulating supply to increase price of token.

asder250

full member

Activity: 708

Merit: 103

Empowering crypto w/ sustainable energy

Good idea, but ICOs are attracting customers to buy their tokens during the ico phase because they get a discount. ICOs care about numbers, prices, but they do not care about future use and exchange listing.

cryptonx

sr. member

Activity: 1176

Merit: 252

Futurov

Quote from: puremage111 on June 09, 2019, 03:46:04 AM

Alright, so personally i've seen quite some coins that is mainly looking to adopt into the market with its utilities as a payment token

But there is always this problem where i am wondering
If one coins were mean to be accepted as a payment method, what's the pros of keeping the supply fix and increase the coins price?
Shouldn't it be good if a coins had unlimited supply but always fix with one price?

unlimited supply with fix price, thats sounds very impossible for me
because more supply usually will decreasing the demands my friend, so the price will not fix,
except the dev team have enough funds to keep the price fix buddy

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: puremage111 on June 09, 2019, 03:46:04 AM

If one coins were mean to be accepted as a payment method, what's the pros of keeping the supply fix and increase the coins price?

it is not an automatic response to have fixed supply and guarantee price rise or click a button and see price go up!!!
there are hundreds of altcoins with fixed supply while their price keeps going down. the only thing that we can be sure about since it is guaranteed is that if a coin has unlimited supply, its price will continue going down.

Quote

Shouldn't it be good if a coins had unlimited supply but always fix with one price?

IF and only IF that coin could be:
1. decentralized
2. have fixed price
then nothing else matters. but the problem is that you can't have both at the same time and supply doesn't matter since supply alone is not making the price.

sanida

member

Activity: 210

Merit: 15

The main reason behind it, is this guys are speculating that one day their coins will become like the other like bitcoins or some other higher value coins out there that started from almost zero. but now they are one of the biggest price coins out there. but the worst part is the coin they made originally for payment will lose value like the Waves now.

hdclover

hero member

Activity: 1106

Merit: 501

www.bitcoin.org

Prices of a coin that you see are the market given prices. It is based on supply and demand. Price can be fixed only if there is some less volatile asset to back the coin/token with. A stable currency can also be used (USDT, TUSD etc are the examples).

puremage111

hero member

Activity: 1568

Merit: 511

Alright, so personally i've seen quite some coins that is mainly looking to adopt into the market with its utilities as a payment token

But there is always this problem where i am wondering
If one coins were mean to be accepted as a payment method, what's the pros of keeping the supply fix and increase the coins price?
Shouldn't it be good if a coins had unlimited supply but always fix with one price?

Topic: For Coins that is made for purpose of payment, why not make it's price fix? (Read 117 times)