Post
Topic
Board Altcoin Discussion
Re: Always look at the coins MAX supply
by
joseyphil82
on 14/07/2020, 09:16:27 UTC
So there's 6000+ coins out there. Look at the max supply. A coin with a large max supply and rapid emission of new coins will most likely never surge in value. This is because the worlds total capital is divided with so many optional coins. The larger the supply, the more capital it needs to spike in value. Even Bitcoin with a max supply of only 21 million needed massive amount of capital to get where it is now. So any coin with double that, will need the double amount of capital to get to the same place. So with so many options out there if you want good value pump. Look at something with max supply of only like 1 million.
I agree with your basic point but i think you have too ambitious target of max supply as i have never seen any serious project with a supply of only 1 million coins, i think coins with billions in supply should be discouraged and there should be some limit when it comes to max supply like 100 million or 200 million. I have seen almost all new coins dumping hard that have supply in billions.
You have a point and at the same time it doesn't count, say that to ripple who has almost 100 billion in max supply and trading at 0.2$, there are other few coins with 21billion max supply that are trading at 0.25$ to 0.30$, I'd say it's about the team management and professionalism