$NOT has no owner now since the owners have revoked their right, but how can this affect the price?
Here's a breakdown of how stopping the supply of a currency can impact its value:
General Principles: - Scarcity and Value: Like any asset, scarcity drives up value. When there's a limited supply of something in demand, its price tends to rise. - Demand: The other side of the equation is demand. If a coin has a limited supply but no one wants it, its value won't increase.
Stopping the Supply: - Potential for Increased Value: When a cryptocurrency has a fixed or limited supply, it can become more valuable as adoption grows. Think of it like a rare collectible. The fewer coins there are, the more valuable each coin could become if demand is high. - Inflationary Pressure: Many cryptocurrencies are designed with inflationary mechanisms (increasing supply over time). Stopping the supply would essentially create a deflationary scenario. This can lead to price increases as people anticipate scarcity. - Market Dynamics: However, it's not always a straightforward relationship. Other market factors, like: - Competition: New coins and projects can emerge, offering alternatives. - Regulation: Government policies can impact the crypto market. - Use Cases: The utility of the coin (e.g., how it's used in transactions, DeFi applications, etc.) plays a significant role.
Examples: - Bitcoin: Bitcoin has a fixed supply of 21 million coins. This limited supply is often cited as a factor contributing to its price appreciation. - Ethereum (ETH 2.0): Ethereum is moving to a proof-of-stake consensus mechanism, which will shift from an inflationary model to a deflationary one. This change could potentially drive up ETH's value.
Important Considerations: - Stopping the supply doesn't guarantee price increases. Other market factors will come into play. - Market Manipulation: A sudden stop to the supply could be manipulated by market players. - Long-Term Impact: It's essential to consider the long-term implications and how the market might react to the change.
Okay, picture this: me, trying to figure out the whole crypto thing, finding this Binance signals channel (@muhammad Arslaan 283 ) that seemed like the golden ticket to trading success. They promised amazing trades and expert advice with 99% correct signals, so I cautiously joined, paying $100 upfront with $50 due later as we agreed. Hopeful, right?
Wrong! after paid the money he asked for, his instructions in channel wasn't clear so I asked him to clarify it for me, but instead of guidance, the operator demanded an extra $100, then vanished after I paid another $55. I tried to reach him out at his channel in Binance but he blocked and ignored, I lost over $100 in the future trading because of his wrong signals, ignoring, and unclear instructions. It was a total disaster!
Few days later, I tried to get a small refund, just $55 and he can end my subscription and keep the rest 100$ for himself, but got nothing. This person clearly only cared about himself, not his subscribers, until today I was trying to get something from him but got nothing other than ignoring.
This whole experience was a harsh lesson in online investment scams. Remember.
*Don't be fooled with number of subscribers, in his channel there is around 600 people, and obviously he is giving some priority over others. * Do your research! Don't fall for empty promises. * Verify legitimacy! Make sure things are legit before investing. * Trust your gut! If something feels off, walk away.
The crypto world can be rough, but by sharing stories and supporting each other, we can make it safer. Let's learn from my mistakes and avoid these scams together!
Bitcoin halving is coming close, what are the fight procedures to do? I wish if an expert can benefit us with his/her precious knowledge 🥹
Do we have to buy more or sell more before that happen? and when is the right time to buy or sell again? also how long shall we hold our assets after the halving? 🤔🫠
But if we compared the damage occured to $ENA it's really impressive how good is the resistance it showed especially among the new coins, that's why believe in #ENA as successful project.
$ENA became the hype of bitcoin in the last few days, some are saying that it will be a prospective coin and some are saying it has been given more than it's worth... So what does you all think? ENA will become the new $SOL or it will become the new $LUNA ?
$ENA seems to be a very good way to earn daily money by its fluctuated surging diagram.
Keep one thing in your mind, you will never sell at the peak price, especially when you aren't expert, So take profit when you feel it's fair or you even if later went to higher price, it's better than regretting not collecting your profit As it will go down again.
Basically as long the price went bellow than your selling price then you are in right place to sell, if you think it will go bellow your last selling price even after one week then you should sell immediately.
If you keep holding your assets always, you will not make more than double amount if it went from 1$ to 2$ even if it took one month. On the other hand if you keep selling and buying in fluctuated currency you can do more because it will never keep going up without going down
♦Buy in price less than the price you sold earlier = profit
I'm not expert at all in crypto but today I noticed something and was thinking if it I'll work...
I analyzed the possibilities today of $ENA , and thought if I'll sell ENA when 1.15 and buy again when less than 1.1, Everytime I do this I'll get some profit, I could do this +10 times today...
So when it goes 1.15 I'll sell (I might wait if I saw rapid increament for more profit), and the good thing is everytime the capital will increase. It will be:
1,269$ first captial Then 1,400 Then 1,602 Then 1,952 And so on
Average using from 1.04 to 1.15 by using 1,269$ as capital.
I didn't calculate with 1.2$ even tho I can sell when it reach it or higher, and didn't calculate with less than 1$ even tho sometimes it go bellow it, I tried to use average possibilities.
I have bought 600$ $ENA when it was ~0.5$... so any idea when is the best time to sell it?
I'm not the type who write non sense without knowledge, might not share very important information but I believe in the comments section a good ideas and decisions are blowing, it's chance for everyone to learn from others experiences.
I always suspected these farming events, like hy someone I'll give you free money? have invested 2.4$BNB And made only 16$ENA which is barely 8.5$... I was kinda lucky to withdraw my BNB On 598$, but the fact the bought them on 603$ means I lost around 2$ in that event. For now I'll not sell my ENA untill I see a profit and surge in its price, what about you guys? #BNB #ENA #Farming