"0" use tokens are not useless.

Brickbat1

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I see a lot of scorn and derision for tokens that are claimed by detractors to have zero use because they do not supposedly solve any real world problem.

Having flipflopped on that opinion myself, I have come to the conclusion that this mindset is wrong. "Zero" use tokens are not useless. They are a vehicle to wealth creation for smart traders.

A token simply creates a marketplace meeting point for WILLING buyers and WILLING sellers. No one is coerced to buy or sell. The price is simply determined by market forces of demand and supply. As long as the token price can not be manipulated ,either by the creator or some whale holders, the token market as created can not go to zero.A price drop will just simply be an opportunity to cost average and get in at a better price if the tokenomics is good and fair with a bright future.

Its just as good as a fund or index or penny stock that people trade.

So the hallmark of a good token is tokenomics that can not be exploited by anyone.

Do you agree?
 

Word Wizard

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It's true. Dogecoin actually makes more sense as a currency than bitcoin.
 

Brickbat1

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I partially agree. If it has a market, it can not be considered useless. Let's just say that among the many options, I wouldn't invest on a token with little to no peculiarities/use cases.

The word used here "invest" says it all. Investing is a function of perceptible confidence. As long as a token and its team can keep the investing populace confident that there is a future, the price floor will be sustained and buyers will keep coming. When necessary, price corrections will happen and buyers will see a token as a bargain.
It's true. Dogecoin actually makes more sense as a currency than bitcoin.

Care to elaborate?



For me, I see that the tokens market cap reflects the market's confidence in the token. Zero use or not, tokens like Safemoon are here to stay.
 

Word Wizard

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Care to elaborate?
Mostly I mean lower fees and faster transaction speed. Also, the sheer amount of them will help in a scenario of global adoption (not that I think it will happen). Sure, a Bitcoin can be broken down into 100 million satoshis, but the hard cap is also a disadvantage in my mind. BTC can be lost. Controlled inflation, like built into Dogecoin, makes more sense to me. Bitcoin is more like gold than a fiat currency.
 

SocialManager

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A token simply creates a marketplace meeting point for WILLING buyers and WILLING sellers. No one is coerced to buy or sell.

This is wildly misleading. People are only willing because they have no underlying understanding of what they are trading. A rock picked randomly off the street almost certainly has no underlying value, yet can be sold to someone who has never seen a rock before for buckets of money. Once they find out what a rock is, they are likely to dump it to anyone for anything they can get.
 

Brickbat1

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This is wildly misleading. People are only willing because they have no underlying understanding of what they are trading. A rock picked randomly off the street almost certainly has no underlying value, yet can be sold to someone who has never seen a rock before for buckets of money. Once they find out what a rock is, they are likely to dump it to anyone for anything they can get.

Sometimes one may simply buy because he trusts who is making the call to buy. This works sometimes as there are profitable signal services that do make right calls most of the time. So being ignorant is not so bad in itself if you are smart enough to hire someone who is not ignorant, to analyse the object on offer for you. Its really stupid to buy what you dont understand without asking the opinion of someone who knows better.

As they say, " A fool and his money are soon parted".

The seller cant be blamed for that, except the seller was selling something illegal or unethical.
 
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