Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 17/12/2019, 17:47:00 UTC
Since when something which is created for no need is going to cost more, only because it is going to end soon?

No need? Going to end soon?

Over 10 million dollars worth of Bitcoin gets mined every day at current price. Miners are probably not selling all, but obviously there is some demand for it, if there is not, who are they selling it? The inflation is not going to end, it will be half smaller than it is now. If there is same demand for it then the price goes up after halving.

Who is buying the Obyte 5-7%? Obviously there is more people selling it than buying, otherwise the price would not slowly go down, but just because you don't have any need for it, doesn't mean that nobody is buying.

Are you saying something stupid that there is absolutely no need for cryptocurrencies? If not then WTF?