Re: Avalanche will unlock first round of coins on Dec. 9 time to buy cheap AVAX
few days ago i read people talk about AVAX will be the next ethereum, but i think thats very impossible
It is very difficult to overtake Ethereum, you are right. But Ethereum 2.0 isn't a final solution, it's a sharded chain of many ETH 1.0 chains and traded scalability against secuity to some extent. Devs might try rollups additionally but it's not a good solution for a frequently used chain. Avalanche doesn't have such drawbacks because it is not a sharded platform.
so, i just want to know about what is the reasonable reason to buy AVAX my friend ?
I'm not a computer scientist, so I want to link an article here from someone who has done research: https://hackernoon.com/avalanche-ava-blockchain-3-0-a-novel-metastable-consensus-protocol-28cdc4ee8984If time comes, more computer scientists will review Avalanche.
There really is no reason to buy more AVAX even if the price drops further. As far as I can see, after every quarter, a part of the coin will be unlocked and the price will continue to decrease.
In addition, I have not seen the AVAX team confirm the buy back token, so the value of AVAX may drop even more in the near future. If I buy AVAX then I need to wait for good news from them. For example, buy back token and burn to increase coin value or perform Staking liquid pool. That's the news I have come to expect from Avalanche.
It is possible for price to drop more. I can't say, maybe most people have sold already and sell pressure is gone now. Timing of BTC drop was simply very unlucky. In addition, I have not seen the AVAX team confirm the buy back token, so the value of AVAX may drop even more in the near future. If I buy AVAX then I need to wait for good news from them. For example, buy back token and burn to increase coin value or perform Staking liquid pool. That's the news I have come to expect from Avalanche.