Topic: Gigantic max supply is bad - page 3. (Read 390 times)
Logically, greater supply means the value of a single token will be lower. However, in the other hand, many BTC are basically lost forever. It does not sound like an asset you would like to use on a daily basis as its value might grow significantly in the future. Doge does not have max cap and while a single is quite worthless, you know it is more likely going to be used in a form of transactions (fees are very small as well). Finding a perfect balance is essential for a cryptospace. Otherwise, no one would like to trade their precious coins and we will be doomed.
people dont need to care about max supply,it benefits some projects and it doesnt for others,its better to pick projects based on how good they are,if projects are very good enough they will do very well in market no matter how big their max supply is,either billions or trillions it really shouldnt matter
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?
i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
Its value also depends on the capitalization. If the supply is large, then the capitalization value must be increased to balance.i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
So you don't need to worry about supply. All are decided by the market.
Use case is a thing and max supply is another,merely doing research on some old projects i did noticed that they can do better if they have small max supply e.g electronuem coin which has 21billion max supply,investors are already complaining of its lately devalue since January 2019 and even after several good news they project still failed to add more value to the coin,to me large max supply is not always everything
There are two sides of the same coin. If you look at stellar or ripple, they have very big total supplies and are doing pretty well, if you compare their prices with all time lows. But on the other hand, I agree with you and believe that projects with small total supplies are more perspective.
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?
i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
Well even if you didn't take away real use cases, which coins actually can claim that, with or without gigantic max supply? For me it's quite meaningless. I remember in 2017 especially people created SUPER low supply coins like those who only had a few thousand max cap.
But if you can divide by 12 decimals then it's lost its scarcity value anyway to me.
I think you are wrong,can you compare ETH with BOMB token?of cos not,the difference is marginal,shitcoins will always be shitcoins no matter how low their supply is,i even have few tokens i earned from bounties that implements burning,after all the burned token bias the project token is still useless so coins and tokens supply doesnt have major role to play at all.
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?
Then the value of each DOGE will rise. But since the supply is also reduced, the overall market cap of DOGE will remain the same.
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i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
A certain token is designed in such a way that it could efficiently support its performance, I mean its use case. DOGE has that in mind for sure. No wonder why it became one of the most convenient options used for tipping or even gambling.
A limited supply does not automatically mean a rise in value. There are so many shitcoins out there burning millions and millions of their supply and yet remain worthless.
Good point,coins and tokens with low supplies results in scarcity real quick and scarcity plays a major role in crypto space today,i bet thats why some new devs are creating deflationary tokens instead,they appreciate in price in short period of time even without no real use case just because of SCARCITY.
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?
i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
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