Gigantic max supply is bad

[Kvalentine]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

[Samayuki]

Good point,coins and tokens with low supplies results in scarcity real quick and scarcity plays a major role in crypto space today,i bet thats why some new devs are creating deflationary tokens instead,they appreciate in price in short period of time even without no real use case just because of SCARCITY.

[Darker45]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

Then the value of each DOGE will rise. But since the supply is also reduced, the overall market cap of DOGE will remain the same.

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

A certain token is designed in such a way that it could efficiently support its performance, I mean its use case. DOGE has that in mind for sure. No wonder why it became one of the most convenient options used for tipping or even gambling.

A limited supply does not automatically mean a rise in value. There are so many shitcoins out there burning millions and millions of their supply and yet remain worthless. 

[Bitbtc8]

I think you are wrong,can you compare ETH with BOMB token?of cos not,the difference is marginal,shitcoins will always be shitcoins no matter how low their supply is,i even have few tokens i earned from bounties that implements burning,after all the burned token bias the project token is still useless so coins and tokens supply doesnt have major role to play at all.

[slaman29]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

Well even if you didn't take away real use cases, which coins actually can claim that, with or without gigantic max supply? For me it's quite meaningless. I remember in 2017 especially people created SUPER low supply coins like those who only had a few thousand max cap.

But if you can divide by 12 decimals then it's lost its scarcity value anyway to me.

[Tarion]

There are two sides of the same coin. If you look at stellar or ripple, they have very big total supplies and are doing pretty well, if you compare their prices with all time lows. But on the other hand, I agree with you and believe that projects with small total supplies are more perspective.

[DDante]

Use case is a thing and max supply is another,merely doing research on some old projects i did noticed that they can do better if they have small max supply e.g electronuem coin which has 21billion max supply,investors are already complaining of its lately devalue since January 2019 and even after several good news they project still failed to add more value to the coin,to me large max supply is not always everything

[Khuongcute2503]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

Its value also depends on the capitalization. If the supply is large, then the capitalization value must be increased to balance.

So you don't need to worry about supply. All are decided by the market.

[joseyphil82]

people dont need to care about max supply,it benefits some projects and it doesnt for others,its better to pick projects based on how good they are,if projects are very good enough they will do very well in market no matter how big their max supply is,either billions or trillions it really shouldnt matter

[crenfrosck]

Logically, greater supply means the value of a single token will be lower. However, in the other hand, many BTC are basically lost forever. It does not sound like an asset you would like to use on a daily basis as its value might grow significantly in the future. Doge does not have max cap and while a single is quite worthless, you know it is more likely going to be used in a form of transactions (fees are very small as well). Finding a perfect balance is essential for a cryptospace. Otherwise, no one would like to trade their precious coins and we will be doomed.

[Denongels]

people dont need to care about max supply,it benefits some projects and it doesnt for others,its better to pick projects based on how good they are,if projects are very good enough they will do very well in market no matter how big their max supply is,either billions or trillions it really shouldnt matter

basically true, but to find tokens with large supply that have a lot of enthusiasts or classified as a good project, I used to find a pretty good project and have a supply of billions (more than 5 b) but it seems like today's tokens like that have a time because many also competitor projects that have similar and much better supplies

[omnik]

As far as i know, doge coin is not having maximum supply and the hardcap supply is not created by the developer and it will always fully inflated. If the doge has a maximum supply in millions and less coin means less inflation and this will bring more price for doge coin. Remember the economic theory about that. It's so difficult to control the gigantic supply and you can see that how NPXS was feeling so difficult to do that and this company always do a token swap anytime.

[Nasonn]

Yes gigantic token cap is a problem. Tokens with low supply in millions have a very high price when compared to those with gigantic caps. If dogecoin had a smaller cap, it's price could've been far more than it currently is. Most times projects create coins with excuse that the world population is in billions they're making plans for mass adoption.

[Byakuga]

Tokens with low supply will always have higher value than tokens with huge max supply,i used to get carried away when i started mining coins back in 2016,i was so drawn to coins with billion supply so i started mining them,coins like
Turtle coin with 1 trillion max supply
Qwerty coin
Intense coin e.t.c
But they never have better value even when altcoin season was around in 2017,the only coin i earned good profit from was electroneum,it has 21billion supply as well but it surge up to 0.18$ at January 2018

[Winscosinally]

Bomb token is a good example of how good low max supply coins are,bomb has 1million max supply and since its a deflationary token its already on its way down to 900,000 and its trading at 4$ per token ,just imagine if the token has billion max supply it wont be able to keep up at 4$ price per one, i think its good to always pick coins with small supply over the large supply coins

[fapar]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

In this case, DOGE are a bad example. This is an old unique cryptocurrency; it can be compared only with BTC, LTC, XMR and other "first".
With a huge number of coins, the value of one coin tends to 0. That is, it may be thought that it is very simple pump, while forgetting about the huge number of coins.
I also do not understand why release billions of coins when you can release millions.

[Jadesola]

Maximum supply is an issue that need to be attended to in the crypto market if we want things to improve in the crypto market, huge maximum supply is not helping the price of coin, i guess some dev are too greedy.

[coin-investor]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

Supply is one issue but it's not the main issue why the coin is losing its value in the market, coins/tokens are losing its value in the market, because the concept is not enough for a long term, investors have a very short attention span, they jump from one coin to another because the coin is not performing and developing well and it's not about the supply.
There are coins being burned to lessen the supply but it still not helping the price to move.

[digitalblock]

I think that the price not depends on volume of coin. We can observe huge amounts of ETH and LTC the price of these coins can grow exponentially. Sometimes cryptocurrency developers intentionally burn large amounts of coins in order to artificially raise its price. So it was with many cryptocurrencies, and later they disappeared. The same is waiting for a large number of altcoins. And there's nothing you can do about it.

[cryptofirm]

Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

wo, 120 billion in circulations and 280 billion as the total supply,, thats really huge
and in my opinion the law of supply and demands is always affected the price of any cryptocurrency
a good project with low supply will always create huge demands mate, and a huge demands will make the price growing