Quote from: Abiky on July 13, 2023, 03:03:04 AM

Quote from: StormHawk on March 25, 2023, 05:34:57 PM

What is the fair percentage of a total max supply that are in circulation that can make you invest in a project? It is fine to avoid a project that has low circulating supply? Why? What about if the project is a brand new project and the use case is killing it?

Not sure. But I can tell you that any circulating supply above the "millions" is totally not worth it. That's if you're looking into coins that're ideal as a store of value. Cryptocurrencies such as Bitcoin, Litecoin, and Dash all have an extremely-limited circulating supply. The max supply is also lower compared to other coins being traded on the market today. You can invest into them now, and obtain huge returns in the future (especially Bitcoin). I cannot say the same about Ethereum, Cardano, BNB, and the likes. These have large circulating supplies, making them useful only as digital cash.

Depending on your needs, will be the type of coin to choose. Be advised that just because a coin has a large circulating supply, doesn't mean it's destined to failure. It's all about how active the coin is in terms of development and innovation, and what use cases it provides to the world. As long as you play your cards right, you'll be able to avoid losing it all further down the road. Who knows which altcoins will be able to stand the test of time? Just my thoughts Grin

Less "supply-ism" please! But you are not entirely wrong. Because of their scarcity, digital currencies like Bitcoin and Litecoin can appear to be shining treasure chests. However, we shouldnt throw Ethereum and the others away just yet. Some of those infants are rather crafty!

Although they lack the allure of scarcity, they are developing innovations that have the blockchain community swooning. Electronic contracts? DApps? These are currently selling like hotcakes. They are more like digital genies, granting wishes left and right, than digital cash.

Oh, and lets not get too excited about Bitcoin just yet. Although it is a fan favorite, it is not the only game in town. You should monitor alternative cryptocurrencies. Perhaps one of them will shock us someday. Moreover, you know what? Bring on the crazy-sounding coin names. This helps to maintain the excitement!