My God, he doesn't understand supply and demand yet self identifies as a trader.
I understand very well the supply and demand. But do you understand that there is no reason for a demand ? Other that hoping to sell to a bigger looser ?
I can also come with a token and say 1k tokens in existence ... please buy in ... I promise I will burn half of coins each month ... where is the demand? Just because I promise to burn some of the coins people will jump in and buy ?
No.People will jump in to buy something which they know will appreciate in value after few time.They know they can always sell their ICN at higher price.This will encourage trading of ICN like btc.Why do most traders buy btc?obviously to sell it at higher price same will work for ICN now.Buy sell buy sell and make profit each time