Question about Infinite supply altcoins

[jrrsparkles]

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.

@OP just look at the all time price chart of the project you were considering for investment and for me the project is dying and it doesn't make sense to invest any of your money into the project and or any other project it doesn't have limited supply.

[ElmedoRator]

Investing in altcoins with an infinite supply comes with risks, as the constant minting of new tokens can affect the coin's price and value. Projects with a truly infinite supply are highly likely to be scams or lack a solid foundation. While there are legitimate projects with unique use cases and solid foundations that have survived, they're really too few and won't last long. So don't really spend all your money on projects like this because it's like playing with fire.

[o48o]

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.

Well technically if your share would grow with the supply it doesn't matter. Value of the single coin would eventually drop issuance rate is too high but at the same time your share could have same or higher value and marketcap could have higher value too. It depends on many things if i would invest or not.

If supply raises rapidly, chart won't look good to any trader who does technical analysis so in charts so it won't be picked up by any speculator. It really would depend on issuance rate and future plans.

[JeffBrad12]

Infinite supply only good if it have burn mechanism that keeps the total supply from being too much, in the case of ethereum, it's utility is so good that majority don't even mind its total supply that's
being called out as infinite, but if the total supply that is infinite is used as an excuse for the devs to keep generating more and more coin then that'll be really bad for your investment.
usually i just don't invest in these kind of coin with ethereum as an exception, since its utility is good.
just move on and choose different coin if you're really hesitant in investing in a coin with such infinite supply. after all, we aren't lacking of any good coins.

[Lagduf]

It's a big red flag. The dev can generate coin anytime as they want and dump it to the market. It can also lead the project to the inflation that will always be pressing the price to go down as soon as possible.
Avoid to deal with the project that has a big red flag like that. it's not worth to touch it. think about that. The legit project never used infinite supply for that.

[Hispo]

My personal opinion that is not so bad if a coin has infinite supply, but one needs to pay attention to the kind of program that supply is supposed to have and compare it with the possible adoption or success the coin could have in the crypto space.

For example, Dogecoin has infinite supply and its drive force is based on the love of the community for the meme and the dog that was based on.
In the case of Monero, it has also a infinite supply, but the supply rate is considerably slower compared to the possible adoption of Monero for its unique privacy features.

A shitcoin would have infinite supply and that supply would be too big to have any comparison with future demand for the asset. Those are my thoughts.

[blockman]

The only infinite supply coin that everyone likes is Dogecoin. Yeah, it's still not changing and it's still one of the most beloved memecoins that everyone has but that's much it is before the hype of these meme coins. It's no longer interesting when there have been a bunch of them being made by these developers thinking that it's gonna be loved by the majority. Well, there's sort of right with that but it's not for the long run because people's desire are changing and with these memecoins and other altcoins that have infinite supplies, you're unsure of their future and inflation there is gonna be higher than what you can think of.

[Ngemmeng]

I see that the highest POKT price occurred at the initial listing, which was around $ 3 (coingecko) and currently the POKT price is in the range of $ 0.03 .
I think this is not only talking about the total supply but also the quality of the project. I don't think this project is feasible for long term investment and more feasible for short term investment because I see the 24 hour volume is still quite large which is above $400k.

[gaston castano]

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.

Only you can answer it if the risk is gonna be worth it. I don't invest in altcoins that have infinite max for its supply.

That's why I can't tell if it's worth the shot. Since you've mentioned that it's a turn of to you then why you're asking if it's worth for anyone to invest on that type of altcoins?

Then, from the beginning you should avoid such projects if you think that they're a big turn off.

for some people who take high risks they buy these coins because they have the opportunity to provide very high profits in a short time and this case happens a lot with meme coins.

[Silberman]

I see that the highest POKT price occurred at the initial listing, which was around $ 3 (coingecko) and currently the POKT price is in the range of $ 0.03 .
I think this is not only talking about the total supply but also the quality of the project. I don't think this project is feasible for long term investment and more feasible for short term investment because I see the 24 hour volume is still quite large which is above $400k.

Well, this should answer the question of the OP, since the release of this coin it has done nothing but to go down and it crashed almost 99% during a single year, if this is not a sign that coin is in a really bad shape then I do not know what it is, now it is true that it still has some trading volume, but it is a very weak form of consolation for those that believed on this project, invested early in it and now they are facing huge losses due to their naivete.

[sunsilk]

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.

Only you can answer it if the risk is gonna be worth it. I don't invest in altcoins that have infinite max for its supply.

That's why I can't tell if it's worth the shot. Since you've mentioned that it's a turn of to you then why you're asking if it's worth for anyone to invest on that type of altcoins?

Then, from the beginning you should avoid such projects if you think that they're a big turn off.

for some people who take high risks they buy these coins because they have the opportunity to provide very high profits in a short time and this case happens a lot with meme coins.

Everyone has the same reasons about making such huge profits but that's unsure if they'll get it.

Some are lucky to have it but many don't really earn that much with these set of coins. If you're able to make with such and you think that you can maintain it then that's a good luck to you.

But if you do realize that only a few people really makes money from these infinite supply coins or if they day trade and they make money then that's a good thing for them too.

[monineklutak]

I see that the highest POKT price occurred at the initial listing, which was around $ 3 (coingecko) and currently the POKT price is in the range of $ 0.03 .
I think this is not only talking about the total supply but also the quality of the project. I don't think this project is feasible for long term investment and more feasible for short term investment because I see the 24 hour volume is still quite large which is above $400k.

Well, this should answer the question of the OP, since the release of this coin it has done nothing but to go down and it crashed almost 99% during a single year, if this is not a sign that coin is in a really bad shape then I do not know what it is, now it is true that it still has some trading volume, but it is a very weak form of consolation for those that believed on this project, invested early in it and now they are facing huge losses due to their naivete.

altcoins that have an infinity supply really don't need to be questioned anymore,
because demand will not be able to help increase prices if the supply of these altcoins is always increasing,
but if the altcoin project has a Burning event every month or has a Halving event then high demand might help increase prices of the altcoins.

[arufox]

In my opinion, investing in an altcoin with a maximum unlimited supply such as POKT (Pocket Network) has certain risks that need to be considered carefully. Before investing, you should do in-depth research about the altcoin project you are interested in. You should consider aspects such as Coin supply, Usage, and adoption so you can decide whether the potential gains are worth the risks.

[Silberman]

In my opinion, investing in an altcoin with a maximum unlimited supply such as POKT (Pocket Network) has certain risks that need to be considered carefully. Before investing, you should do in-depth research about the altcoin project you are interested in. You should consider aspects such as Coin supply, Usage, and adoption so you can decide whether the potential gains are worth the risks.

That is one approach but I think it is much better to simply ignore them completely, a coin that has an unlimited supply is simply too similar to fiat to ignore it, in fact we know that such feature of fiat was one of the main reasons Satoshi decided to create bitcoin to begin with, by electing to invest in those coins you are going directly against the intentions of Satoshi which created and made this market thrive, so it seems like the best thing we can do when it comes to those coins is to simply leave them alone.

[marcous]

That is one approach but I think it is much better to simply ignore them completely, a coin that has an unlimited supply is simply too similar to fiat to ignore it, in fact we know that such feature of fiat was one of the main reasons Satoshi decided to create bitcoin to begin with, by electing to invest in those coins you are going directly against the intentions of Satoshi which created and made this market thrive, so it seems like the best thing we can do when it comes to those coins is to simply leave them alone.

I totally agree with you, ignore any coin that has an Infinite supply of altcoins because they can mint coins whenever they want for the benefit of the team, so we look at the trading history then there is always a daily high selling because the team has sold assets to steal liquidity on the dex exchange, so ignore all those coins because we have top coins worth investing instead of throwing funds in the abyss.

[bittick]

I see that the highest POKT price occurred at the initial listing, which was around $ 3 (coingecko) and currently the POKT price is in the range of $ 0.03 .
I think this is not only talking about the total supply but also the quality of the project. I don't think this project is feasible for long term investment and more feasible for short term investment because I see the 24 hour volume is still quite large which is above $400k.

that's quite the miniscule amount honestly the trading volume isn't anything big at all, i would definitely avoid investing in a coin that has already went downhill yet still have infinity supply just doesn't seem to be worth it to be honest.

[WalkerIVIV]

the risk of the devs keep minting the token or the coin just doesn't seem to be worth it, though the token might have potential but i consider that as a red flag and would be hesitant same as you.
i just don't think investing in these infinite supply token or coin just seemed to be best idea out there, after all, it seems they really don't wanna let go the opportunity of having a way or an authority to do something to their coins.

[Lagduf]

infinite supply is a big red flag. that means the developers were putting the code to mint the token anytime. It will be giving long term impact as the dev silently minting more tokens by themselves to be dumped to the market again. It will never become a good decision to invest in the token which has unlimited supply at this moment. it will be so stupid if you keep doing it.

[Quidat]

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.

Never ever consider on investing anymore with this kind of supply on having that infinite. Come to have an example on SLP which is the coin you earn on playing Axie infinity on which it does have an unlimited supply and look on what happened?  The price dropped into the ground and would really be almost dying which it would be the fate of these type of coins. Come to think that even on having that quadrillion supply of some meme coins then what happened? They might be having some burning mechasnisms or have literally burned out the half of it but still the circulating supply is still really
that much.
So if you do find out that investing on that POKT is a big hindrance for you because of infinite supply.Then it would be better that you should really be that skipping this project
and find for another which is really worth for your money to invest on.

[zonefloor]

endless supply, as you say. In other words, it means a crypto currency that has no end and will constantly increase as it increases in the market. In general, all products gain value as they are limited. How valuable can something that is in continuous production be because its circulation will never stop? After a while, it will fall even lower than the prices you bought, and eventually it will inevitably end up as garbage. I am in favor of not investing.