Tokens/coins with insanely high inflation will not be not profitable ever - page 3.

wxa7115

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Quote from: batang_bitcoin on September 08, 2022, 08:02:11 AM

Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

It's because there is a market for them. They won't be back if there's no market for them but due to those investors that are eyeing them and thinking that they can profit from them, they come back. There's no solution for that but the investors will eventually have to turn away from them when it's no longer profitable and for the side of these project makers, they'll just revert the attention of their investors by doing some updates or making a new project that will look interested to the same investors that they've got.

It is really that simple, for people like us it doesn't really make a lot of sense that coins that are completely useless and that we know have no future keep disappearing and then reappearing with a new name but with the same characteristics, but at the end it is a matter of demand.

This is similar to what happens with illegal drugs, we know about all the side effects that they produce on your body and how bad they are for your health, so in a perfect world there would be no demand for those substances, but instead we see the opposite, people want them and since that is the case someone is willing to supply them, and shitcoins follow the same logic, they are completely unnecessary and they are bad for your economic health, but since people want them then someone is willing to supply them.

crzy

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Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

They are making money out of those projects and because many are still falling on those kind of projects, they are motivated to continue scamming people. Only if everyone is knowledgeable enough to spot if the project is fake right away, I’m sure those developer will not come here. No one can control this, if there’s a hype and there’s a trend for that kind of token, expect to see more of that but again not all is meant to last so be careful on choosing where to invest.

serjent05

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Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

They keep coming back on the market because for DEVS, creating such kind of project is easy money. Most of the project that produces high inflation emission often use it to bait investors into investing in their project telling them that their investment of x money that will receive y amount of token can emit or produce a profit by thousands of percent in a short span of time.

People will never learn and those who profited in this kind of scheme will always jump into it even though the succeeding investment will be losses.

btc_angela

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Quote from: X-ray on September 08, 2022, 12:20:00 PM

Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

One reason, these kind of tokens created by scammers. look at how a token called trident gets dumped so hard. that was also making the price to go to the bottom. Im sure that people aware about this too. The inflation token will be only giving benefit to the early buyers but these buyers are also risking their money to buy the garbage token like that. I think that people aware if these days these kinds of token not even worthy to be bought.
They were starting to avoid to deal with the inflation token like that. Mostly of inflation tokens affiliated with the scammers. Scammers issued these tokens.

And as long as there are naive people who are willing to take that risk to invest in this high inflation crypto, the process will continue. And I guess that is the nature of open market, I mean everyone is free to do whatever they want. But the problem is, there are a lot of people behind this kind of project who just thinks of many money by scamming a lot of investors. And for the investors, don't patronized this kind of business model because it will not succeed based on the past history of other cryptos, it will surely failed.

X-ray

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Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

One reason, these kind of tokens created by scammers. look at how a token called trident gets dumped so hard. that was also making the price to go to the bottom. Im sure that people aware about this too. The inflation token will be only giving benefit to the early buyers but these buyers are also risking their money to buy the garbage token like that. I think that people aware if these days these kinds of token not even worthy to be bought.
They were starting to avoid to deal with the inflation token like that. Mostly of inflation tokens affiliated with the scammers. Scammers issued these tokens.

mu_enrico

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Lol, I created a similar thread on the local board to address this issue. What I found is that all of the coins with high inflation and even with auto staking/rebasing, all ended up in the dumpster. With too many circulating supply, it would be extremely difficult to pump the price.

It's funny how people think LUNC (Luna Classic) can be a $1 token without extreme burning. The formula is easy, market cap = supply * price. Just input any price you think is achievable and look at its market cap, you can then judge whether it's rational or not.

While coins must be a serious project, probably for the "get rich quick" scheme, tokens can be just for fun, especially if these were built on top of a cheap chain.

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Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

Because of hypes? Projects becoming liquid if there is and community saw it. Traders ride with it based on the possible and safest factor a project shows. Like a good chart and has a plausible parameters to gain such movement. Even though there isnt use case, I doubt traders are checking those things aside from the bullish direction of the chart and some indicator pointing to the path of gains. Thats how the system works.

Wapfika

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Simply these mediocre project are the product of developers that want quick profit in the market of crypto. They feed on the money of dumb traders that always taking risk on this kind pump and dump project. They are the ponzi of crypto an using the smart contract and cheap website to create cheap project for there token. These tokens will keep coming back as long as there’s a trader buying it.

This is the norm on crypto and we can’t dictate dumb traders to not buying this kind of bullshit tokens because they have there own bullshit reason to lose there money.

batang_bitcoin

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Quote from: cryptoperkele on September 08, 2022, 07:07:47 AM

So why the hell do they keep coming back on the markets?

It's because there is a market for them. They won't be back if there's no market for them but due to those investors that are eyeing them and thinking that they can profit from them, they come back. There's no solution for that but the investors will eventually have to turn away from them when it's no longer profitable and for the side of these project makers, they'll just revert the attention of their investors by doing some updates or making a new project that will look interested to the same investors that they've got.

cryptoperkele

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Aside from them having no use cases...

* Price of one token will automatically decrease when there's a flood of free tokens getting into markets and scarcity of the token decreases.

* Even if you look at it from the point where your bag wouldn't necessarily lose value as in whole, as it too is increasing with the circulating supply there's one thing you forget, and that's traders. Traders use altcoin or fiat money pairs to do technical analysis, and it obviously will look bad when the trader sets the targets. That would mean that charters would need to use marketcap graph to find a bullish TA and probably no one would even bother to do that as very few do it now.

* Rebasing as a solution is worst possible as it eats away the whole idea of having high interest from staking in the first place.

So why the hell do they keep coming back on the markets?

Topic: Tokens/coins with insanely high inflation will not be not profitable ever - page 3. (Read 495 times)