Hello,
I like the xaurum concept and have also bought some xaurums on the exchange. Even though I can not say I understand everything 100 %, I I like the mix of crypto, gold and further tangible investments.
But I have a question that is bugging me and I hope that someone can answer it for me.
I know xaurum is a store of value and that price is going to increase over time with increased demand. Until recently, when the price has dropped, there was a lot of hype with frequent mints and increasing production price. We could read here on the forum statements like "to the moon, keep your xaurums tight and one day you will be filthy rich, hold your xaurums because they are getting more and more value with gold backing" etc. But what happens when everybody holds? With wider adoption rate the price is going up and it is a good investment, especially in terms of diversification of someone's investments. With the price going up there is always a temptation to sell and get the profit. When enough people do this the price is going down again. Some will maybe get filthy rich and others are going to hope for another shot
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
What I am trying to say is that xaurums can be used only as investment or trading on the exchanges. It's not yet really a currency, you can not buy any significant products or services with it. And even if you could, would it be smart? After all we all hope that the price is going up so we can make a profit. But again, can only get this profit with selling xaurum and getting fiat or maybe bitcoin. This type of "greedy" thinking that is typical for other cryptos is also encouraged with luxury-oriented promotions like expensive cars, yachts, villas etc. I am aware that you are trying to attract wealthy people. But what is better for currency; to get one investor who buys 500.000 € of xaurums or to have 500 investors with 1000€ investment.
In short, i guess my main question is how is xaurum going to become a functioning currency if most of its owners decide to hold it as long as possible and eventually try to sell and cash in? Why would anyone who believes in xaurum's increase in value bought coffee or vacations with it?