Quote from: UpBots on Today at 05:38:07 PM

Quote from: Fivestar4everMVP on March 01, 2021, 04:45:54 PM

I personally have come across many deflationary tokens or coins, they are actually good for innvestment cus the more transaction are done, the more the coins are burnt, the more the coins are burnt, the more the supply is reducing to create more scarcity, and the more scarce a coin is resulting from low supply, the more the price is likely to go up.
But it still surprises me that even as good as the above sounds, i havent really seen a successful project with deflationary token or coin, they all end up as pump and dump coins, and this is for those ive personally bought in the past, am still holding one that is called blaze defi, its just been like six or seven months and the project already looked like it been abandoned as theres no much activity in their telegram aNYMORE.

In crypto HODLers never loose. Buy at dip and HODL. There isn't much risk involved in current price. People HODL BTC for years and see its price from almost 0 to 50k in just 10 years. In HODLing we trust.

Sorry but I totally disagree with you mate, that crypto holders never loose depends on what you are holding, you can buy the dip of a good project or even buy at the top and still make good profit if you are patient enough, but if you unknowingly buy a shitcoin, and along the line, you discover the coin you invested in is a shitcoin, buy this time, there isn't anyone to sell to anymore cus no one is interested to buy, you end up with your that coin in your wallet forever with absolutely no value and no way to sell it even if it's for a peanut, this means you've lost your money, I've bought countless ICOs that ended up scam and I ended up loosing my money.