RE: RE: Introducing Buy 'n Burn
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RE: Introducing Buy 'n Burn

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4y

The alt coins are falling because tribal coins produce more interest than the market can absorb.

The thing is the market isn’t absorbing them most everyone is just selling them.

Buying Coins Seems To Make an Impact

Because no one else is. You can double most Hive Engine token market caps with as little as 2 Hive. You are correct about short term, but I think it’s likely shorter than you think as you can quickly double the market cap with a couple of Hive and the first dump for for the same or less will bring it back down again. Without utility and userbase there is really chance of it changing.

Since the trading volume of many the coins is less than a dollar a day, the simple act of buying a HIVE worth of coin can make a huge impact with some of the tribes.

Does it though, like does it really matter in the end? So the price changes but without volume or liquidity it meaningless.

The real goal of this project is to create a market maker that buys and sells coins. The program will occasionally burn the acquired coins.

Not a bad goal but it is like peeing in the ocean in Japan and saying it tastes funny in the US.

To attract users, both HIVE and HBD need to have a high market cap.

We need marketing that isn’t just throwing cash down the drain with nothing to show for it.

I firmly believe at this point the only thing that matters is more users. It will solve almost all of our problems. With a typical cost to acquire customers at or exceeding $200+ it becomes is very difficult to sustain.

@themarkymark: The alt coins | Ecency