Huge total Supply of coins/tokens are not good for investment?

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: noxlord93 on September 17, 2018, 03:03:17 PM

the advantage of crypto currency in its independence. if the entire currency becomes independent, chaos will begin)

Hey buddy, read it completely and understand what is actually he trying to say. If you want to invest on any ICO project don't believe the project blindly you may include this indentification purpose while checking the ICO project to invest.
There are worst projects doing ads and everything well and scam the investors. We should not be a victim of the project at all for sure.

noxlord93

newbie

Activity: 252

Merit: 0

the advantage of crypto currency in its independence. if the entire currency becomes independent, chaos will begin)

Xphenosis

member

Activity: 227

Merit: 10

Sweet promises can never be eliminated but with its development I guess there's no doubt that it will grow and rise up on the competition. XRP is continuously growing with many development on it I guess the harvest the fruit of it. Anyways, but to the tipic huge supply of coins doesn't mean it's jot good for investment think of ADA and VeChain.

btccrusher

member

Activity: 742

Merit: 12

It depends on the project, but most of the time in theory, lower supply means higher demand and higher price, but look at Doge coin, what do you think about its trade volume? Its supply looks infinite compared to other projects, but still, it stands out of cround by volume.

truehodler2018

newbie

Activity: 81

Merit: 0

Quote from: escalante28 on September 17, 2018, 09:36:24 AM

Do you know the total supply of world's money? According to CIA world fact book, the global total is in excess of $80 trillion.

True, cryptocurrency has changed a lot in recent years. And new ICO's are popping up like mushrooms , its is becoming harder to identify a good projects now a days. But i believe only strong projects with a usable product will survive in this market, even if their supply is huge. We can't expect 1000X anymore, because there isn't enough money to support it. But in the near future crypto will surely take over the fiat. In ancient years people traded goods for goods. If we somehow able do this in this modern era with cryptocurrency that would be awesome (history repeats itself). BTW nice post

escalante28

member

Activity: 742

Merit: 42

Do you know the total supply of world's money? According to CIA world fact book, the global total is in excess of $80 trillion. So here is my point if you're investing a sort of cryptocurrency and the total supply of it reached billion what makes you think that it will multiple the profit of your investment like bitcoin did? Ex. XRP max supply is 99,991,481,593 and believed or not their investors are hoping that the price of xrp will reach up to $10 or more. lol. Imagine it 99,991,481,593 xrp * $10 = $999,914,815,930, do you think coinmarketcap will reach that because of xrp? How about the remaining tokens and coins? Today's market cap is $201,446,526,705 how would you exchange crypto into a fiat if the total value of all cryptocurrencies are more than the total supply of world's money? What are the chances of crpyto to dominate physical money?

A Friendly reminder: Think before investing to those kind of tokens or coins. Don't believe in their sweet promises. Always ask yourself how this cyptocurrency will be adopted in a real world?
To those who HODL think about it because the situation now is different from 5 years ago.

Topic: Huge total Supply of coins/tokens are not good for investment? (Read 162 times)