Question about Infinite supply altcoins - page 4.

o48o

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Well technically if your share would grow with the supply it doesn't matter. Value of the single coin would eventually drop issuance rate is too high but at the same time your share could have same or higher value and marketcap could have higher value too. It depends on many things if i would invest or not.

If supply raises rapidly, chart won't look good to any trader who does technical analysis so in charts so it won't be picked up by any speculator. It really would depend on issuance rate and future plans.

ElmedoRator

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Investing in altcoins with an infinite supply comes with risks, as the constant minting of new tokens can affect the coin's price and value. Projects with a truly infinite supply are highly likely to be scams or lack a solid foundation. While there are legitimate projects with unique use cases and solid foundations that have survived, they're really too few and won't last long. So don't really spend all your money on projects like this because it's like playing with fire.

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

@OP just look at the all time price chart of the project you were considering for investment and for me the project is dying and it doesn't make sense to invest any of your money into the project and or any other project it doesn't have limited supply.

Pelana vreo

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I would not invest in the coin, it will make the price even lower, the more supply, the more liquidity is needed for the token to have a price in the market.

I think you know the risk you choose when investing in the token

wxa7115

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Quote from: GreenStox on March 21, 2023, 08:14:13 AM

it seems that if the use case is good the coin will definitely always be used regardless of the amount of supply that is not limited or not.
Another thing that I pay attention to is whether the coin has been on the market long enough and not a new coin in circulation.
do more in-depth research on the project, team, community, dev, investors, etc.

The supply issue cannot be ignored that easily as it has a huge influence on the price of the coin and how it can move, for example there are some coins out there in which only a small amount of coins are sold to the public and the rest are kept by the developers.

This gives them a massive advantage as in the case the coin begins too go up in value the ones that benefit the most out of such a movement are the developers, and not necessarily the community which did everything to make their project a success.

GreenStox

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it seems that if the use case is good the coin will definitely always be used regardless of the amount of supply that is not limited or not.
Another thing that I pay attention to is whether the coin has been on the market long enough and not a new coin in circulation.
do more in-depth research on the project, team, community, dev, investors, etc.

Ketesnuko

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Quote from: LogitechMouse on March 20, 2023, 11:05:31 AM

Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Yes, but only on one altcoin and that's Ethereum... and maybe DOGE.

Aside from these 2 altcoins, I don't think I'll invest into other altcoins that have infinite number of supply. On that category, only Ethereum is I think the best altcoin out there to invest your money with. It's proven and has been on the top for a long time already. It has many users and has many projects that have built on it (smart contract platform).

Pocket Network? You're advertising this one right? Good luck I guess, but it's useless.

I am confused, Ethereum is now a deflationary project, how come it doesn't have finite max supply? The only information I can find on coinmarketcap has no max supply but only total supply, I always think this will change once they upgrade to PoS, what part of the information am I not getting?

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Quote from: FanEagle on March 20, 2023, 11:33:53 PM

Just because ETH did it and managed to keep it alive doesn't mean that all else will be the same. Plus, I still think that ETH will have to limit it eventually, I get that it can continue like this thanks to the fact that we are still early in the crypto world, and in the distant future when we go to a higher supply that means we should also be a higher market cap in everything, well at least hopefully, like bitcoin being 10 trillion dollars marketcap.

But that still leaves the future bleak, if in 10 years it is still not a problem that's good, but in 20 years? 30? 50? 100? We all know that at some point this unlimited will be a problem even for ethereum.

Speaking of ETH you remind me of this, it doesn't matter how much they have, because they have to have a use value first. I will take an example of cars that appear in life, it is limitless but the point is always worth it because people need to use it by nature.
So sometimes considering any criterion needs to look at what it really is, and whether it is widely applied.

fvb

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Investing in itself is a risky business. And investing in something incomprehensible to me personally looks completely unacceptable. I will stay with my opinion and will invest in what has already been tested

Oasisman

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Projects like these are only good at first and you need to be on the first few people to invest into it before it will garner enough hype. That, only if it will make enough hype then people would start buying it. The very huge risks associated with this kind of project is that, there is no guarantee that this altcoin would make enough value in the market where the competitions are tight, and it is guaranteed that this project will gradually losses it's value in long term if they won't make a constant innovations within the project to burn some tokens.

FanEagle

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Just because ETH did it and managed to keep it alive doesn't mean that all else will be the same. Plus, I still think that ETH will have to limit it eventually, I get that it can continue like this thanks to the fact that we are still early in the crypto world, and in the distant future when we go to a higher supply that means we should also be a higher market cap in everything, well at least hopefully, like bitcoin being 10 trillion dollars marketcap.

But that still leaves the future bleak, if in 10 years it is still not a problem that's good, but in 20 years? 30? 50? 100? We all know that at some point this unlimited will be a problem even for ethereum.

LogitechMouse

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Yes, but only on one altcoin and that's Ethereum... and maybe DOGE.

Aside from these 2 altcoins, I don't think I'll invest into other altcoins that have infinite number of supply. On that category, only Ethereum is I think the best altcoin out there to invest your money with. It's proven and has been on the top for a long time already. It has many users and has many projects that has built on it (smart contract platform).

Pocket Network? You're advertising this one right? Good luck I guess, but it's useless.

someone703

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

I think it won't matter if they really have a good product development plan.
Because in the crypto space, projects with an infinite supply are also numerous and very successful.
With Pocket Network, this is my first time hearing about it, but on testing I think the price will increase if it spreads more widely.

wxa7115

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Avoid the coin, an infinite supply is never a good idea, as incredible as the invention of bitcoin was, one of the reasons bitcoin has a very high value is because of one very simple set of characteristics, bitcoin has a limited supply, we know the rate at which is mined and we have a rough idea of when all the coins will be mined.

By investing in a coin with an unlimited supply you are putting your faith on the developers of that coin not abusing their power, and we have seen over and over again what happens when you give people that kind of power.

BitcoinPanther

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

If it goes viral as the earlier reply stated, it can be a good short term investment since this kind of altcoin project will eventually die down unless the marketing team can do exemplary works that enable the project to thrive despite of its disadvantage of having infinite supply.

I also avoid this kind of project because too much coin supply will hinder its price growth especially when the amount of pre-mined is too much. I have lots of experience on altcoins that crashes or unable to increase its market price because of too much coin in circulation. Worst, the team that suppose to be working to make the market grow dump their reserve tokens and run with the money.

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

I will not risk my money on this kind of shit coin if there is no hype at that time that can rise up the price. But although I bought the coins because of hype probabilities, after the hype and getting a rising price, I will sell the coins. For, it is too risky if we are investing in an infinite token supply project that will lead to whatever the amount of the coins. Much greater the supply, the risk to drop is higher. Except that it is a trusted project.
However if you are brave with the risks and able to manage the risk, including the investment, just do it. But, never force yourself to invest in this kind of coin or token.

el kaka22

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I can't really talk about "that" one, because it is a specific token and I do not have any knowledge about it at all. However, if the question at hand is just the fact that there are limitless (infinite supply) projects then I have to say that it is not a make or break thing.

There are very good projects with limited or unlimited supplies, there are very bad ones with limited or unlimited one as well. Which shows you that supply is never the reason why a project could be good or fail in the end. I personally believe that we shouldn't really be focusing on how we could profit based on the tokenomics, but also the honesty and the talents of the project developers.

molsewid

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Quote from: FirmWars on March 17, 2023, 12:52:29 PM

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

For me, I rather buy token with small supply. In the long term run it will not be good because when we have infinite supply the demand will always be satisfied there will not triggering factor for it to pump. I remembered a certain token last year, they have infinite number of supply though they are having thousands of traders still the price went down even though there are any times they burn some.

fullhdpixel

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Quote from: VRExpress on March 18, 2023, 04:52:56 AM

The project is not bad, they are already in partnership with big projects throughout crypto space, that's good enough, you can invest some amount of money and mind you, this project is still fairly new, meaning that a good price can still be achieved in coming years, do not use present value to judge the future performance of the project.

No, it wasn't the value or the price is the one that he is judging but it was the supply of the coin which was said to be infinite but indeed that we should not judge a project overall only because of its supply because if we think about it, there are even projects out there who has an extremely or relatively low supply but still performs badly. It can be that these projects doesn't have a good utility to attract more people to invest on them.

On the other hand, there are also projects which supply is unlimited but still performs well, a good example would be ETH but IDK now that they have transitioned to POS, if the supply is now known and reduced or it was still the same.

StarKay

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Yes, I can but it's not an easy decision to make though. It is much more easier to invest in a deflationary coin of a good project than the one with infinite supply.
However, decisions on buying a coin is not just about the supply issue although that is also important, we have to consider the prospect of the project and the capacity of the Dev team to deliver.

Topic: Question about Infinite supply altcoins - page 4. (Read 755 times)