Post
Topic
Board Altcoin Discussion
Re: This use case even make any sense?
by
tyz
on 24/01/2022, 16:36:18 UTC
Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

It's called a Ponzi scheme. The more you  hold, the more you will get .... as long as enough people keep buying in and keeping it alive

Exactly! As long as prices keep rising, new investors will keep coming in, hoping that prices will continue to rise. But at some point, the house of cards will collapse. We currently see that especially those projects that do not have a solid foundation lose the most. It's just like in 2017/2018 when many projects that were worth billions in the meantime but had no business model or basis at all collapsed.