Post
Topic
Board Altcoin Discussion
Re: Will you buy a token if its price never went up and you could never sell it?
by
Silberman
on 18/09/2022, 01:00:53 UTC
Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)

You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.

Will you buy this token?

Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).
I wont buy a token like that, by the description we’re talking about a token which behaves as some sort of collectible, but even those which buy collectibles do so with the idea of eventually resell them, only those which are true fans of their favorite sport team or rock band will think about buying something and then never sell it, however despite the results of the poll the reality in the ground is that NFTs are indeed quite popular, and even if people buy them with the intention of reselling them they find themselves unwillingly participating on the scenario you're presenting.