RE: My response to Acidyo's "Shitcoins" post
You are viewing a single comment's thread:
I got vyb as an airdrop. Its worth was in thousand of dollars. As the project announced that the tokens are for keeping and not for selling,I didn't selml a penny. Now the worth for those tens is a few dollars, even when I have double of them now.
Similar thing happened to pob. Its worth decreased and decreased. I have heard that worth of crypto increases by hodling. I have always done so, but it has always gave me losses. Those who dump tokens get the most benefit. They don't care about the community at all.
The only Hive-engine token (other than leo) I have faith on is dreemtoken by @dreemport
0
0
0.000
This is pretty typical, a token generally has a higher starting price due to launch and fomo, then a lot of people dump the airdrop immediately and it if the token doesn't have a strong value people continue to sell it. Tribes tokens are heavily sold off due to fact they are free so people tend not to value them much and most people don't really care about the token itself, just the rewards they bring.
Pob/Vyb are also a general community token, which tends to be sold even more often once the initial high ROI wears off.
Being free is an important reason for the tokens being not valued.
The jest I have got is that only tribe and topic rigid tokens (such as Leo and SPS) may be out of the list of shitcoins
Same thing I experience. I never sell but it happens those who sell early are the only ones who benefit in the end.
Oh well, this is why I stick with the native hive
It hurts a lot that the unfaithful opportunist get the most benefit