Post
Topic
Board Altcoin Discussion
Re: Will you buy a token if its price never went up and you could never sell it?
by
BitDane
on 19/09/2022, 20:07:51 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?

Depends on the usability/benefits of the token.  If having it means I can have a share of profit in one of your profiting company then sure, I will buy it.  IF it is just for the holdings and nothing beneficial about it then no.  Price will never be a factor as long as it can generate income or profit and the benefits that is better than the price of acquisition.

Benefits example: 
A VIP status that can have massive discounts of several known online stores.