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September 17, 2018, 01:36:24 PM |
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Do you know the total supply of world's money? According to CIA world fact book, the global total is in excess of $80 trillion. So here is my point if you're investing a sort of cryptocurrency and the total supply of it reached billion what makes you think that it will multiple the profit of your investment like bitcoin did? Ex. XRP max supply is 99,991,481,593 and believed or not their investors are hoping that the price of xrp will reach up to $10 or more. lol. Imagine it 99,991,481,593 xrp * $10 = $999,914,815,930, do you think coinmarketcap will reach that because of xrp? How about the remaining tokens and coins? Today's market cap is $201,446,526,705 how would you exchange crypto into a fiat if the total value of all cryptocurrencies are more than the total supply of world's money? What are the chances of crpyto to dominate physical money?
A Friendly reminder: Think before investing to those kind of tokens or coins. Don't believe in their sweet promises. Always ask yourself how this cyptocurrency will be adopted in a real world? To those who HODL think about it because the situation now is different from 5 years ago.
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