Re: [ANN] Ħ [HODL] Blockchain Pays You Interest. 0.40% Every Day
Hello everyone!
I see another problem with major exchanges and that is the current available supply of hodl for trading.
If i'm right then there are only 35% of all mined coins available for trading, 65% are locked in TD.
Major exchanges expect major trading volumes which hodl just can't deliver because the lack of coins.
So good luck finding an exchange which will list hodlcoin!
And furthermore about March 2017 there will be a huge amount of coins from TDs and almost everyone will try to sell.
This will drop the price to almost zero.
Regards, djoser.
I see another problem with major exchanges and that is the current available supply of hodl for trading.
If i'm right then there are only 35% of all mined coins available for trading, 65% are locked in TD.
Major exchanges expect major trading volumes which hodl just can't deliver because the lack of coins.
So good luck finding an exchange which will list hodlcoin!
And furthermore about March 2017 there will be a huge amount of coins from TDs and almost everyone will try to sell.
This will drop the price to almost zero.
Regards, djoser.
Not an issue!
Since Cryptsy, most people have decided to keep 90% of their net crypto portfolios in their own wallets anyway.
I would be certain, most exchanges have same inventory issues, which is why they've set up faster deposit and withdrawal speeds.
Poloniex has been highly selective for 12 months.
To touch on the "huge amount of coins from TDs", this is simply not an issue either. There is not a single point in time where all of the term deposits are unlocked..they are all staggered and are continuing to be made. If you use the resources such as Fuzzbawls block explorer and the charts provided on that site, you can see that there is no huge spike in coin supply like a lot of people have expressed concern about. You will see a pretty modest curve. And if you examine the way the bonus interest is set to taper away, you'll find that there is still significant incentive to re-HOdl those funds that have been unlocked by March of 2017.
That's all speculation and spin. Limited tradeable supply will limit trade volume and increase price volatility.
There is no doubt that more supply would make it easier to get listed on bigger exchanges because they make money
only on volume, the more the better.
What actually happens when some of those big candles mature is unknown at this time. If they are not reinvested
the extra supply available for trade will put pressure on the price.
I'd believe a weather forecast one year out before any forecast on the value of any crypto, particularly one with new features
that will fundamentally change the existing crypto economic model.
And who knows what other innovations are coming? In a year there may be crypto bonds offered by third parties so you can
get interest on your BTC or other coins. Who knows? Certainly not me.
Since the concept of interest and locked up funds is new for crypto there is no history from which to extrapolate.
It's all just a gamble.