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Author Topic: Question about Infinite supply altcoins  (Read 684 times)
fzkto
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July 07, 2023, 02:51:20 PM
 #101

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

I don't really like to investing in altcoin with unlimited supply, because in my opinion it's too risky and of course the price will definitely be difficult to increase (supply will be more than demand), so it's very difficult to get profit from investing in these altcoin, therefore I do not recommend you to invest in these altcoin, because the risk is very big, but if you are sure and believe in the project, then it is not a problem for you to invest in the project, because maybe you are lucky (get profit from investing in these altcoin).
Not only an unlimited issue, but for example a billion supply would also have a negative impact on the price in the future. It is better not to invest in such projects, especially at the early stage. Of course now there is ripple, polkadot, doge or ada which have a huge issue, but these projects are time tested. But new projects are very risky.

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July 08, 2023, 10:56:15 AM
 #102

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

I think Assessing project utility, market demand and competition in the project services sector you say i.e. POKT where even POKT provides RPC (Remote Procedure Call) to other crypto projects is important when considering its investment potential.

So it's worth researching the project team, their expertise, and track record then analyzing the project roadmap, achievements, governance model, community engagement, and transparency can provide insight into the credibility and growth potential of your new project. new Decide whether to invest in POKT.

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July 08, 2023, 11:45:35 PM
 #103

Friends, can you invest your money on an altcoin that have an infinite max supply?

My answer is NOPE. Coins with an infinite supply means that there will be no shortage of goods even if there is a great demand for them. This will also damage the price of the coin itself because being infinite means that there will be no increase in price, it could even be that the price will be close to zero.

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