tyoA7X
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July 13, 2020, 06:17:17 AM |
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total supply indeed greatly influences the price of coins to go up or down because of the total supply we can easily predict the price of the coin I prefer to buy coins that have a total low supply even though the price is expensive because it can more easily provide profit
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filterMX
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July 13, 2020, 06:40:57 AM |
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In my opinion, the quality of the coins is prioritized, there are also many coins which have a large supply and are able to compete with the top coins today such as DOGE Coin.
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FLHippy
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July 13, 2020, 06:47:52 AM |
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I do not understand why people do not care about this. It is a good indicator if the price for a token in a pre-sale is not over-rated. I give you an example, 1 token is sold for 1USD in a token sale, there are 1 billion tokens in supply, to reach this price after a token sale, the total market cap has to be 1 billion USD, that is more than NEO or VeChain market cap - so as you can see, it doesn´t make a sense and probably it is not profitable for you.
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angrybirdy
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July 13, 2020, 06:50:31 AM |
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In my opinion, the quality of the coins is prioritized, there are also many coins which have a large supply and are able to compete with the top coins today such as DOGE Coin.
I think doge is different from the new projects that have the large supply, doge is an old coin and we can't deny that this is really a quality coin. But those who are a newly built project that has a large maximum supply, I doubt that they can compete with top altcoins in the market.
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leea-1334
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July 13, 2020, 08:09:28 AM |
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Too much max supply is not good but not entirely bad, I believe that what makes a token or coin have better adoption rate is it's use case, let's drop max supply thing and focus on real use case, many coins in crypto space has worse use case that's why they are dragging below till today
So funny to see guys commentate on max supply not good, not bad, etc. If your coin does not have usage, it matters nothing if you have a low or high max supply,,, Many altcoins tried "low supply" and then talk about scarcity factors but no one gives a crap if it is not even accepted by a single merchant in the world.
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LGBX
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July 13, 2020, 08:35:57 AM |
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The larger the supply, the more capital it needs to spike in value.
This is relative. Indeed a coin with large supply will need more capital to spike in value, but since the price is lower the gains are much higher. I.E. if a coin is $0.01 is easier to go 5x and get to $0.05, compared to let's say ETH which it will need to go over $1200 to make the same 5x gains. Imagine how much money you need to push ETH to 1200+.
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KaratX
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Sovryn - Brings DeFi to Bitcoin
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July 13, 2020, 10:45:40 AM |
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Most projects are not living up to their standard if not billion supply isn't too much if there is good adoption, we have billions of humans on the surface of earth so billion max supply isn't a bad idea it's just that crypto isn't seeing enough adoption yet
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Jancuki
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July 13, 2020, 12:14:49 PM |
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Want to supply a little or a lot does not guarantee a coin project can be good. Actually I think it depends on the expertise of the coin creator or developer in developing the coins they launch. Of course, they can make an interesting breakthrough that can convince investors to get interested in the project.
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Vishnu.Reang
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July 13, 2020, 01:04:38 PM |
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Too much max supply is not good but not entirely bad, I believe that what makes a token or coin have better adoption rate is it's use case, let's drop max supply thing and focus on real use case, many coins in crypto space has worse use case that's why they are dragging below till today
Hmm.. how many of the altcoins have any real usage, other than as speculative investment? Out of the 10,000 or so altcoins and tokens created so far, at the most 100 or so may be having a real use. Examples are ETH (for smart contracts), BNB (for usage in Binance exchange) and USDT (as a stable coin). Apart from these few dozen coins, the remaining 99% or so doesn't have any real-life use.
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yangongear
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July 13, 2020, 03:45:01 PM |
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Too much max supply is not good but not entirely bad, I believe that what makes a token or coin have better adoption rate is it's use case, let's drop max supply thing and focus on real use case, many coins in crypto space has worse use case that's why they are dragging below till today
We cannot judge based on the total supply of a coin or token, because the most important number is the market cap. Some tokens are created for the purpose of payment, forcing its total supply to be large (like XRP).
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FreeStreamer (OP)
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July 13, 2020, 09:52:07 PM |
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Too much max supply is not good but not entirely bad, I believe that what makes a token or coin have better adoption rate is it's use case, let's drop max supply thing and focus on real use case, many coins in crypto space has worse use case that's why they are dragging below till today
We cannot judge based on the total supply of a coin or token, because the most important number is the market cap. Some tokens are created for the purpose of payment, forcing its total supply to be large (like XRP). The price if formed from the market caps relation to the circulating supply and looking at the max supply helps you to predict the price development.
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forexandcryptoauditor
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July 13, 2020, 09:55:31 PM |
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Yes. The maximum supply really drags the price of the coin or token down. If users want to buy it and its easily available, of course the price will be less as too much quantity is available for sale due to max supply. If this supply can be reduced, demand will automatically grow and we can see an increase in price.
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omnik
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July 13, 2020, 11:55:32 PM |
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In my opinion, the quality of the coins is prioritized, there are also many coins which have a large supply and are able to compete with the top coins today such as DOGE Coin.
The quality should have come to the first consideration before trying to determine how good the coin was and it can't be done through the maximum supply as it was not telling us about how good the sentiment, fundamental and community behind the project. Max supply does a small impact only.
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DDante
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July 14, 2020, 07:30:57 AM |
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Utilities of every Blockchain projects are the top priority, max supply only has a problem when not much people are adopting the project, even top exchanges tokens get burnt, max supply can easily be fixed with burning off tokens or coins, utility comes first
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VDraci
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SAPG Pre-Sale Live on Uniswap!
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July 14, 2020, 07:41:03 AM |
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Once upon a time I used to get my eye on max supply, thinking that low max supply coins will have better value faster but all coins I invested on because of low max supply ends up not so satisfying, real use case is 100% important, no more or less
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miklesm
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July 14, 2020, 07:52:36 AM |
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I agree with your opinion, I always pay attention to the token Max Supply and it is a bad sign if it is much more than Circulating Supply. You should always check the unlock schedules.
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FanEagle
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July 14, 2020, 08:59:22 AM |
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The maximum supply and circulating properly will lose its significant in terms of investment perspective when a coin or token has all the reasons for investors to buy and hold. I mean if the coin or token is attractive enough for some reasons like POS or discount on paying fees or anything else similar to these, then it will keep on attracting new investors which will be more than enough for making it higher value over the time regardless of how much circulating supply or maximum supply of that coin or token is basically having. I am not saying we do not need to look into the maximum supply of coin like how OP is trying to emphasize. At the same time, we do not need to ignore a coin just for the reason of having massive supply than what we are usually having like bitcoin and any other tokens. We must need to agree that maximum supply is having primary role in deciding value of a coin but not limited to in all cases. For a real world problem addressing coin or token, massive supply is not a stopping thing by considering how many people are still yet to adopt cryptocurrencies in coming day .
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joseyphil82
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July 14, 2020, 09:16:27 AM |
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So there's 6000+ coins out there. Look at the max supply. A coin with a large max supply and rapid emission of new coins will most likely never surge in value. This is because the worlds total capital is divided with so many optional coins. The larger the supply, the more capital it needs to spike in value. Even Bitcoin with a max supply of only 21 million needed massive amount of capital to get where it is now. So any coin with double that, will need the double amount of capital to get to the same place. So with so many options out there if you want good value pump. Look at something with max supply of only like 1 million.
I agree with your basic point but i think you have too ambitious target of max supply as i have never seen any serious project with a supply of only 1 million coins, i think coins with billions in supply should be discouraged and there should be some limit when it comes to max supply like 100 million or 200 million. I have seen almost all new coins dumping hard that have supply in billions. You have a point and at the same time it doesn't count, say that to ripple who has almost 100 billion in max supply and trading at 0.2$, there are other few coins with 21billion max supply that are trading at 0.25$ to 0.30$, I'd say it's about the team management and professionalism
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Viscore
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July 14, 2020, 10:39:57 AM |
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Coin max supply is something to watch out for, I'm not saying they are entirely bad but you need to know what the utility of the project is all about before investing, some high max supply are just bad to begin with judging from the projects use case aspect
Exactly, but we know the use case of the problem and we understand that the supply is justifiable then we should not be complaining or seeing it as a bad project, mentality of typical investors are all the same, they think huge supply project is a bad project, which is not really as its proven by some successful projects in the market with huge supply.
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bittick
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July 14, 2020, 01:07:00 PM |
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I agree with your opinion, I always pay attention to the token Max Supply and it is a bad sign if it is much more than Circulating Supply. You should always check the unlock schedules.
The max supply will create a short term hype and someone has already pointed out the real situation that is happening in the crypto market right now. You should try to check this https://bitcointalk.org/index.php?topic=5262090.0 What already written on that thread was true and that's fact
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