Feedback Request: Would you buy a coin that can go only up?

[SocialBillionaire]

Hi guys,

This is a simple request for feedback on a project we are working on:

WOULD YOU BUY A COIN THAT CAN GO ONLY UP?


"What do you mean???"

To make it simple:
-  There is a 0-2% FEE on Buy
-  and a 90% FEE on Sell

(via Uniswap/Pancake swap/similar)

Following announcements on the official channels, the SELL fee gets cyclically decreased to 1%.

This decrease would happen if precise requirements are met (work in progress) i.e: the coin reaches x500 the starting price, or every xx days, etc.

Would you be interested? Honest Feedback needed.

Thanks

[hugeblack]

"A COIN THAT CAN GO ONLY UP" is a lie, but if we believe it, what you are offering is not a currency, it is an investment in a share.
Unfortunately, this type of investment depends on trust in the developing team, because this currency will be listed on certain platforms.

If you succeed in finding a way to market it with a good monthly return, you may find some investors.

Personally, I cannot trust a developer team that has been lying from the start.

[Ucy]

Why would project go only up? Seems the idea is to get people to put in their money in the project without letting them withdraw whenever they need to? With withdrawal fees of 90% of their funds until the the price of the coin increases by x500 at a specific period?
Anyway I think it would be better to invest in a project that goes up if the project is doing something that's very useful and beneficial to people and society. There has to be useful services/products its providing, I think.

[shield132]

What's the purpose of such a coin? You buy and in case of sell, you lose. It looks suspicious and scammy for people. It's like a pyramid, the first buyers have the highest chance of getting profit in case of something happens in near future. If the price drops significantly, then the last buyers will turn into panic mode. I don't think it looks like a good idea. If it doesn't bring real benefits, then this type of manual pumping won't end up well.

[memyselfandi]

Why would project go only up? Seems the idea is to get people to put in their money in the project without letting them withdraw whenever they need to? With withdrawal fees of 90% of their funds until the the price of the coin increases by x500 at a specific period?
Anyway I think it would be better to invest in a project that goes up if the project is doing something that's very useful and beneficial to people and society. There has to be useful services/products its providing, I think.

Yeah same thinking. If this kind of project really exist, then no one should invest to it because their share holders will not gonna have the opportunity to claim and have their own profits. Pumps and dumps of the project plays an important role for the whole project run, it serves as market balance.

[ryzaadit]

Just a shitty project same like other.

Is almost the same as a project with type stable coins pegged with some asset example like gold, silver or cooper. The reality the price can't be stable and price was dumb is really funny to see some backup asset. Only give you profits? we have an investment purpose who called ponzi who always give you a profit without lose every day, weeks and month ~LOL

If you can't bring some good ecosystem platform, better don't created.

[blockman]

From that term, there's only one classification that we can see from that and that's likely a scam. Most of the scams are only going up and they're not balanced because the only important matter to them is to keep going up.
And if a coin like that is found out by me, I'll have no second thought of avoiding it.

[Woodie]

No I wouldn't because this is not possible!

With my little knowledge on smart money or general trading, price expands and contracts like an elastic, so there is an extent price can expand going upwards before contracting to find momentum which comes from traders selling to fill those buy orders.

Also the laws of supply and demand would be violated because price can never be constantly going up when demand and supply will always change.

From that term, there's only one classification that we can see from that and that's likely a scam.

Right on the money, scam!

[Jaered]

Lets assume there's a coin or token like that, though it would be impossible, I wouldn't buy it. Why? Because I wouldn't bring myself to sell it

[Wahyuihib]

Maybe I need time to be attracted to the calculation as you write. But it's good in my opinion to develop the project you are running.because of the simple way most traders will be attracted to crypto projects, for example such as costs incurred when doing trade and others

[Altcoinsintel]

I have seen many like those you said in the Waves platform. All of them were scams, short of Ponzi-like smart contract that would never allow you to profit. Any manipulation of prices or fees like that won't end well and the product will be totally worthless no matter the price. These are tricks and not something that has real value.

[Pandji02]

Thats not how the real market working, cmon. Im not sure that this is possible

[Kasabus]

If we only know that coin, people will invest that coin but that is impossible. Why? Everything in crypto runs like a roller coaster, there is up and there down. No coins that having such a trend, going up? Isn't already exists in the market and for sure, we can never have that coin.

To live in this volatile market, the ups and downs were common. Everyone in here is expecting that scenario and that is why they call this a risky investment.

[blockman]

From that term, there's only one classification that we can see from that and that's likely a scam.

Right on the money, scam!

Yup, that's the sound of it if it just continues going up. There's no correction, there's no balance on its market means that sounds like a ponzi scam.

Thats not how the real market working, cmon. Im not sure that this is possible

That's right, it's impossible to have that sequence for a legitimate cryptocurrency.