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Question: Why do you buy a token/coin  (Voting closed: February 13, 2018, 06:41:44 PM)
To make a profit - 9 (100%)
To use it for its intrinsic utility - 0 (0%)
Total Voters: 9

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Author Topic: Do you want to own the token or profit from its price raise  (Read 148 times)
VladWulf (OP)
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February 03, 2018, 06:41:44 PM
 #1

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.
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February 03, 2018, 06:47:44 PM
 #2

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.
Basically most of the people are buying tokens for profits when they sell it after the ICO sale,this is why many projects are turned into failures.When their tokens listed on the exchanges every investor will run to the exchange to trade them which results decrease of demand and increase in supply which causes the price fall of tokens from the ICO prices.
But I am holding some of the tokens in long term I hope it will be usable in the future but I will sell normally after the ICO ends.

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February 03, 2018, 07:15:40 PM
 #3

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.

It depends on the use case.  If it's just a token with no meaning then I would not select it at all.  I have a lot of SIA that I mined because I was interested in the storage potential.  A gain in value is a bonus.  I think you would get a better response if you put up some examples.

Good Luck.
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February 03, 2018, 07:32:08 PM
 #4

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.
Most people invest their money in projects to make profit. How long will it take before people can use token on the platform? Too long, I can buy tokens after beta release for it or when platform will work as promised.
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February 03, 2018, 07:36:57 PM
 #5

Online payments via cryptocurrency is not yet so widespread that many people would hold a certain coin for payment. People make money by speculating rates.

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February 03, 2018, 07:41:56 PM
Last edit: February 24, 2018, 05:05:00 AM by Ninja Sword
 #6

I personally have as strategy the two points of view, i buy token for the utility and when the token does not deliver much, i buy and review just to get profit, but this varies from project to project.

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February 03, 2018, 07:45:08 PM
 #7

Everyone wanted to get more money and that's why everyone is getting into Cryptocurrency because crypto is all about investing and getting money out of it.
Now, in my own opinion, investing coins or tokens is just a tool that we're going to use so that we could earn more money than investing into our local business market.
It doesn't matter how many coins and tokens we are going to buy or own but the value of money matters.

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February 03, 2018, 07:46:15 PM
 #8

Some of my tokens are for profit only. But a few are for use as project tokens as created. Not so much projects have any good idea. But those who have are my looong-term portfolio
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February 03, 2018, 07:49:40 PM
 #9

I always hold for the longterm.
It happens so much that other people buy tokens only to sell at a profit.
Some dont care what the project can deliver, others dont have the patience
or deem the project development too slow.

R


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February 03, 2018, 08:10:59 PM
 #10

Thank you for the answers!

This is what I am thinking as well.
Then the question remains why do people need to buy these tokens in the first place if all they want is to speculate. In traditional instruments we have equity but we also have derivatives likes futures and contracts for difference. Seems that what crypto investors are looking for mostly are CFD. The only problem with CFD though is that if everyone buys them the underlying crypto asset does not move.

Tricky.



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February 03, 2018, 11:21:43 PM
 #11

Its about return of investment.
Especially when you can avail of up to 50% bonus on your initial buy
in and dump them when they are listed on an exchange which is when
the value is highest. There is a race to dump, so the value drops off.

R


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February 03, 2018, 11:33:11 PM
 #12

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.
After the ICO and the token is already on the exchange, i just observe the price and if it rises i usually sell half of what i had and hold the remaining. I think this is what most of the people are doing on the cryptosphere.
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February 03, 2018, 11:37:31 PM
 #13

As much as I want to buy cryptos for their definite uses, it seems that I am in a place where cryptocurrencies are not yet as widely accepted as compared to more developed countries. Cryptocurrency is the future though so I think it is just a matter of time before their uses will cover the whole wide world. Right now, I am using Bitcoin of course but only a small fraction of my holdings. I know that it is much better to keep it as investment.

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February 03, 2018, 11:45:34 PM
 #14

Depends on what the coin is. I used the biggest altcoins like Bitcoin and Ethereum to own the coin or do some transactions, while I used the small altcoins which are low priced to take profits.
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February 04, 2018, 12:09:08 AM
 #15

Like most people, my goal is to get profit from the coins I hold. Although in getting a profit, I have to hold the coins for months. But I will be more confident if I hold back in the long run.
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February 04, 2018, 12:23:21 AM
 #16

Like most people, my goal is to get profit from the coins I hold. Although in getting a profit, I have to hold the coins for months. But I will be more confident if I hold back in the long run.

Majority of the people who invested in a certain coin, the main goal is basically to make profit wherein some may do short term investment and others will continue to hold in a longer period. In my case, I would instead hold the coin in a long term such that we can see the real progress of its growth rate rather than hold it in a short period, though you may had earn from the short period but I guess, much profit awaits in the long term investment.
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February 04, 2018, 01:09:15 AM
 #17

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.

Actually all people especially bitcoiners needs to gain profit rather than putting an order in the market to own a coin.making a percentage of people who wants to buying is need a poll survey before you can declare the exact people who want to buying token,but the other platform they just try an small amount of coin in free sale to  know if those project  will be succesfull and all coin will dissolve,so its needed an experiment,but in my own i want also a profit in its price raise.

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February 04, 2018, 03:20:02 AM
 #18

Hello,

I am working on a project and I would like to know the percentage of people who are actually buying the token in order to use it on the platform (basically buying the token for its utility, for instance I buy Ether to deploy smart contracts) VS the percentage of people who just buy the token in order to make a profit. In this second case that means that they are just interested by a contract for difference rather than putting their order on the market and effectively owning the token.
Most of the people will look for the money it can produce but if your project has some good existing products,im sure people will realize its use so they wont dump your tokens,because if your coin has no use at all people will surely take their profits and wont hold your coin because its just like another shitcoin that will pollute our crowded market.

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February 04, 2018, 03:33:43 AM
 #19

Both are good while aim of both are to make profit or huge amount of profit. So, after making some profit I want to be hold the coin for longer period of time if it will promise me to give millions of wealth. So, suggest me if there is any coin that make good profit in at least a year.
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February 04, 2018, 03:50:19 AM
 #20

I think everybody wants to earn from it. In my case it also for earning purposes after all who doesnt want to have lots of money. Thoiugh there are people who use it for any ohter purposes that is comfortable for them such as payment for any other transctions. But, Mostly people are here for the earnings.

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