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Re: caedward post# 40195

Thursday, 02/02/2023 5:05:32 PM

Thursday, February 02, 2023 5:05:32 PM

Post# of 57831
So no one thinks that all tokens being in the hands of “someone” creates buying pressure and would raise the price like equities. Well the assumption then is that if a token is not burned then there is no way to create upward price pressure. If correct then it will take a century to get to $.01.

One would think that if all tokens were owned by those who will hold for the long run there would be buying pressure (demand) creating upward price movement.

Am I all “wet”…wrong! That is not how cryptos work?
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