Topic: Will you buy a token if its price never went up and you could never sell it? (Read 418 times)
September 21, 2022, 09:01:25 AM
The problem is that we don't know about the coin unless we join the community, there are even tokens that don't have a community at all but cannot be sold after being purchased. although some have announced their tokens are not for sale but most of them are scams. what is true is that their tokens are locked for a set period of time. so be careful.
September 21, 2022, 04:25:36 AM
What is the benefit for the buyers if they can not sell it? It's stablecoin only for the creator and for the seller the value is not fixed when one can not sell it. If we have an option to sell the coin in the outside market for more than buying price then it's worth buying otherwise no benefit for the buyers unless selling it.
September 21, 2022, 08:50:26 AM
If I knew that I would need the coin or token to use a game or a DApp or pay transaction fees on something like ICP or Ethereum I would buy it regardless of that the price was going to do. For example, you need 0xMR tokens to pay for mixing and private bridging from Ethereum to BNB chain. It's used as a fee. On ICP, transactions can be set by the DApp creator to either be free or make the user pay. Also, if the user is storing something on the blockchain, like an NFT, they will need to pay storage fees.
September 21, 2022, 06:01:36 AM
Then this token will work as an accessory to our wallet and ideal for people who like to collect like those who are buying nft art. Well I think there are people who are willing to buy despite of the fact that they cant sell it later on. Those people are not investors but a collectors. Regardless of the price they will buy it because they want it. They just value the particular token to hold as their asset or as part of their collection.
For me as an investor, i'm buying coins that has utility and can give me profit in time. Therefore gaining is a must even it takes a long period, that being said I will not invest in token that I cant sell to profit.
For me as an investor, i'm buying coins that has utility and can give me profit in time. Therefore gaining is a must even it takes a long period, that being said I will not invest in token that I cant sell to profit.
September 21, 2022, 01:07:32 AM
I thought that after the title, which was also the question in the poll, the OP would just be a follow up question like, "Then why buy _____?"
If this exactly same question would start with "Will you support...", the majority of the poll answers would probably remain to be no but then most of the voters are actually supporting the exact kind of token. It might be a different answer though if instead of just token, it is specified.
Like for example, "Will you support Pi token if its price never went up and you could never sell it?" Pi token is exactly this kind of token and yet people are still blindly supporting it.
If this exactly same question would start with "Will you support...", the majority of the poll answers would probably remain to be no but then most of the voters are actually supporting the exact kind of token. It might be a different answer though if instead of just token, it is specified.
Like for example, "Will you support Pi token if its price never went up and you could never sell it?" Pi token is exactly this kind of token and yet people are still blindly supporting it.
September 21, 2022, 12:14:39 AM
Depends on the usability/benefits of the token. If having it means I can have a share of profit in one of your profiting company then sure, I will buy it. IF it is just for the holdings and nothing beneficial about it then no. Price will never be a factor as long as it can generate income or profit and the benefits that is better than the price of acquisition.
Benefits example:
A VIP status that can have massive discounts on items at several known online stores.
This is a hypothetical token and no there is absolutely no benefits in it. You get what was explained in OP and nothing more.Benefits example:
A VIP status that can have massive discounts on items at several known online stores.
But you raise a good point and the problem with this point is that using a token is extra work that is not providing either party any benefits.
If a centralized organization wants to give its users some benefits (eg. VIP status) then the users simply sign up with that organization/company and give them their money and receive those benefits into their accounts.
Using a token on top of that is not providing users any additional benefits not to mention that it adds extra costs for the company that has to create and distribute those tokens while still doing everything else I explained before.
Take bitcointalk for example. There is a VIP account, there is Copper membership you can buy, ... you simply sign up for bitcointalk and pay the forum that money to get those benefits without needing any extra work for creating tokens buying and storing them and all that additional work not to mention the extra database that the forum would have to store (waste storage space) to handle all users.
September 19, 2022, 09:04:12 PM
Is this like the BAB token on binance??
as long as the token has a use then I will buy it for future purposes, but if it really doesn't have any use for what I buy something that is obviously just a waste of money.
as long as the token has a use then I will buy it for future purposes, but if it really doesn't have any use for what I buy something that is obviously just a waste of money.
September 19, 2022, 06:16:53 PM
Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
Will you buy this token?
Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
Will you buy this token?
Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).
Honestly if it served another purpose to be usable and had intrinsic value that I seen as beneficial to my life in using then why not. Not everything I do is financially motivated. Doing cool stuff and having access to things that I like to get/do is sometimes just that, the end goal. If that token could get me access to something like that then yes I would. Almost like an entrance fee.
September 19, 2022, 05:35:18 PM
I don't see a sense of buying a token that never cannot be sold on the market, It's not worth having unless it has a significant utility that we need or want. As far as I know binance somehow did a similar token that cannot be transfer a like of a soul token that is inbound to your account. Somehow it has utility and having the trust that people give to binance, I'm sure someone want's to purchase.
September 19, 2022, 05:20:19 PM
Your description of this token shows it doesn't have any actual utility, and i for one can't buy something that is not useful, if i am to use Bitcoin as an example, i accumulate more of it every now and then because of its utility, i can either use it as money to buy a commodity or a coffee at a local restaurant, i could also hodl it since it is sustainable for the long period, and i am pretty sure it will appreciate in price in the long run, and i can always sell it in a matter of seconds because the demand for it is always rising.
Having said that, i'd not purchase a token that i can neither sell or do anything with, except of couse if i am extremely rich and fascinated by it, and thus i wanna buy it for fun, or pleasure, i am not even too sure if that makes much sense.
Having said that, i'd not purchase a token that i can neither sell or do anything with, except of couse if i am extremely rich and fascinated by it, and thus i wanna buy it for fun, or pleasure, i am not even too sure if that makes much sense.
September 19, 2022, 04:38:15 PM
Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
What's the essence of investing in what I can't sell? It makes no actual sense. Tokens are meant to be traded not to be kept in the wallet as a memorial token1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
Quote
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
The goal of me investing in the token is it to make only you rich? Cos nobody in his real sense would love to do that. Investment is a win-win game for the investors and the owner of the project. 
September 19, 2022, 03:38:32 PM
Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
Will you buy this token?
Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).
Coins which have no value and no popularity among people and no trading in the market so why should I waste my money buying all these coins?There is no question that I wasted my money buying such coins.No one will agree to buy these unpopular and unmarketed coins, not me.People prefer the coin that has the highest volume and popularity in the entire coin market. 1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
Will you buy this token?
Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).
September 19, 2022, 03:07:51 PM
Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
Will you buy this token?
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)
You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.
Will you buy this token?
Depends on the usability/benefits of the token. If having it means I can have a share of profit in one of your profiting company then sure, I will buy it. IF it is just for the holdings and nothing beneficial about it then no. Price will never be a factor as long as it can generate income or profit and the benefits that is better than the price of acquisition.
Benefits example:
A VIP status that can have massive discounts on items at several known online stores.
September 19, 2022, 02:15:45 PM
buying coins that cannot be sold to others is a waste of time and self-defeating. why do we buy coins that are not useful for the future? even though we buy coins to be used as assets to get profits in the future. and on the other hand there are many coins that are more useful and have a good chance in the future like bitcoin.
for me buying bitcoin is better than buying coins that have no function and do not have a good future for profit
for me buying bitcoin is better than buying coins that have no function and do not have a good future for profit
September 19, 2022, 11:23:53 AM
...Will you buy this token?..
In my opinion, this is an absolutely unnecessary token, since it cannot be used as a means of payment, sold and exchanged. So what then is the value of such a token? Perhaps such a value would have appeared if it represented artistic value, but only for those who are ready to simply possess it without having the thought of reselling it.
September 19, 2022, 11:01:29 AM
I will buy only those coins which has high volume and there no wait for sell if I need to buy at current rate. These kind of coins generally found in low value exchange like Azbit, Coinsbit and Coinstore etc. Buying these coins are very risky and I am not in favour of taking risk.
September 19, 2022, 10:09:02 AM
Are you describing fiat before bitcoin was created? 
Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.
I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.
But at least fiat can be used to buy and sell goods or can be exchanged for another currency. I am thinking of him as referring to a scam coin, there are a lot of coins created and sold on junk exchanges or DEXs. It is only possible for us to buy coins, not to sell them or convert them into any other coins. It could be said that when purchased, it is a bit like buying a collection that is of little value to hold in one's hand and admire. Surely no one wants to buy such a coin, if so, only those who are new and ignorant in the market will be fooled into buying it.Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.
I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.
You could use it for buying goods, or selling goods, but at the same time we are talking about something that is quite effective on payment method. However, we are talking about something that is about investment and we shouldn't really be worried about the payment part of it.
If you were given a choice to invest into something that never goes up, always goes down in value, and you could never sell to get rid of it, then would you "invest"? That is the question and to be fair everyone would say no. That is why I never try to have fiat as investment, I always invest into other things, I am going to start getting into debt just to get some good assets like these as well eventually.
September 19, 2022, 03:24:29 AM
Well! no one gonna sell their tokens when they announce like this because as you can see, these shit coins have their own groups on Telegram or any other social media and they are always giving their investors fall promises to make them believe that they gonna multiply their money when they will gonna invest early. Therefore, these people continue to beautify their road maps to attract more investors. That's why when investing in the crypto market there are lots of guides to warn you not to get victim to these false projects.
September 19, 2022, 02:40:02 AM
The "community" you speak of probably knows about as much as soulbound tokens as you do. Don't worry I won't interrupt your exercise in confirmation bias any further.
September 19, 2022, 02:12:54 AM
Are you describing fiat before bitcoin was created?
Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.
I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.
Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.
I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.
But at least fiat can be used to buy and sell goods or can be exchanged for another currency. I am thinking of him as referring to a scam coin, there are a lot of coins created and sold on junk exchanges or DEXs. It is only possible for us to buy coins, not to sell them or convert them into any other coins. It could be said that when purchased, it is a bit like buying a collection that is of little value to hold in one's hand and admire. Surely no one wants to buy such a coin, if so, only those who are new and ignorant in the market will be fooled into buying it.
Jump to: