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Re: None

Friday, 09/30/2022 12:49:26 PM

Friday, September 30, 2022 12:49:26 PM

Post# of 97266
Serious question... when is MONI adding the ability to cash out of any crypto product purchased with the BitGift card? Currently it looks like transactions are one-way... buying or gifting only. What options would a BitGift user have if the crypto they purchased spiked in value and they wanted to take profits? Seems to me that would be a feature that would absolutely have to be in place before launching the platform, yet to my understanding the option to cash out still doesn't exist now two months after launch? WTF?

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.

Asking my opinion will cost you One Zorkmid.