Quote from: NationalPotato on August 04, 2020, 08:04:56 PM

And even considering the astounding 64% burn rate, the price has fallen over 90% since my initial posts. That’s because there’s no reason to buy flux other than to burn flux to get more flux which is the entire point of my major criticism. There is no other use cases, therefore there is no inherent demand.

There aren't any other use cases right now for plenty of other coins or tokens, but there will be some for FLUX and/or DAM, just not yet announced. Even with the current use case, people are still burning more now. Another thousand FLUX have been burned since my last post.

Again, you are quoting both tokens from ATH within a month of launch, when both started either at zero or close to it. FLUX is still "infinity" and DAM might as well be 10x right now still. Since you like to look at the top, I like to look at the bottom too.

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I think that, one month from now, the interesting numbers that you see will be lower than where they are now. What will probably be interesting to you then is that you were warned, repeatedly, had about a month to sit on the information, did nothing, then were warned again, had another month, and still didn’t do anything. Maybe the interesting thing to come from that will be a lesson in market timing, personal biases, and capital preservation.

The numbers I was referring to are both the liquidity and quantity of FLUX in particular and maybe even some on DAM. Since DAM will not go above 16.8 million anymore, we have a reference point. FLUX will of course, increase. The interesting number you might be inferring is the price which is not my concern at the moment. It may be higher, or it may be lower than where they are now.

As for market timing, my belief is time in the market, not timing the market.

Other than that, I have no other personal bias and my capital is "preserved". I personally bought them close to $17 and quickly wrote it off. So a few years down the road up to today, you could consider me "down", but I still think I'm "up".

I didn't do nothing. You're supposed to lock up DAM anyway. I'm also contributing to the liquidity in the uniswap pools, so I'm also "up" where that is concerned. I tend to spread my holdings over the whole ecosystem.

Yours, well, you don't have any, unless you bought some, and we can probably agree you wrote off your BWK since you refused to swap them. That right there, either due to inaction or the intention of not doing the swap, is loss of capital.

A month from now, two months, the end of the quarter and the end of the year will have interesting numbers too. The contracts are immutable. All that's left is for the community to come up with "stuff", whatever those may be.