Followers | 17 |
Posts | 1957 |
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Alias Born | 09/27/2020 |
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Friday, September 30, 2022 12:49:26 PM
I was considering putting a few thousand in MONI if share price ever dropped below 0.01. Now that this target price has been breached, the continued inability to convert crypto back to cash gives me pause as I don't see what will drive the price higher other than speculation. Certainly not transaction revenues if others, like myself, would choose other options where I have the ability to convert my crypto investment back to cash.
Why would anyone want to transact crypto on a platform with this restriction, so I can't see much revenue generated from transaction fees until that happens... so I will likely wait and invest at below 0.005 as I believe lack of significant revenues from transactions that don't occur will cause this to go even lower. I'm not saying the feature won't be added at some point, but it's puzzling why it wasn't ready and available at product launch. Seems kinda like Biden's Afghanistan withdrawal.... only focus was to meet the date committed to, irregardless of the consequences. Extremely poor planning and execution, both MONI and Biden administration, IMO, and I think that's why the price is once again in the toilet after a nice run-up at the launch. BitGift just doesn't seem to be an option at this point that crypto investors would want.
Someone correct me if I'm wrong and this feature has already been added to BitGift.
Recent MONI News
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