RE: Why I believe (most) utility tokens are a bad investment 🤔
Yes, in the demand argument it really should be 'demand & usage' .. I meant to say that the price depends on how much the network is being used at any given moment.
But yes, demand is underlying to all value of course.. supply vs demand.
I had to think a little on the BNB example, which is a good one and also a very interesting token model IMO, but doesn't the guaranteed token burn kind of make it into a security by failing the howey test (expectation of profit) ? I think it probably does..
Securities are IMO great investments btw :)
I'm not sending BAT or TKY anywhere! I'm poor in RL, I need my crypto!!!
I've been casually selling BAT at the tops. I've learned that it never goes above 6K satoshi's, so it's safe to buy low and just sell whenever it goes above 5K satoshi's. It happens every damn time... I'm sure at some point it will surpass it, but up until then it's actually a pretty good/safe market to trade in if you're so inclined.
TKY I like but I sometimes feel guilty about supporting China's 1984 state.... TKY is one of the ways how they're gonna do it and I'm profiting off of that?! 😱
Don't worry about China, worry about us. Remember that judging a very different culture by the standards over your own will always make it seem "wrong" or "weird".
Whatever China are doing, it is working. Their already massive economy is Mooning! Since China is rather good at stamping out corruption, I am confident that with their communist principles, most of the country will ultimately benefit from their success. For TKY (and NEO for that matter) to play a part in this is okay with me! I far prefer it to capitalist greed that is designed and regulated to enrich the rich. I also hold TKY and will keep holding it tightly!