@hesham3del
@adam
@irnhnve
We are still in a period of mass inflation because of the large weekly payouts. Some people sell immediately upon receiving their distribution which drives the price down. Once distributions are smaller, 'dumps' will not be as large.
Yep!
on Saturday the money supply expanded about 8%, you can see the weekly distribution schedule (with the accompanying inflation) here https://docs.google.com/spreadsheets/d/1GzytNblMx8xBmUczX7sPC8QitkJrrRirNrh2AJtjy1Q/edit?usp=sharing
If you're only in it for the money, LTB probably isn't the place for you. What we are doing is trying to create something (a community) from nothing, and give the people who make it possible (the community members) a token that will gain value as the community gains value. If the community does not gain value, the token doesn't really have much value because there are so many.
Before we turned on the referral program the price was going up during greater levels of inflation simply because the people receiving the tokens believe in the long term and do not want to sell their tokens for any price now.
You can make the token valuable by contributing worthwhile content that makes others want to contribute, rather than trying to figure out how to maximize your point earnings. You are of course welcome to maximize your point earnings and sell as soon as you recieve the tokens, but those actions are the reason the price is going down.
I don't really think about the price seriously now at all, there is so little trade and it's still so early (less than 15% of the money supply is in the wild, and we're less than 3% done with the issuance schedule. Long road ahead of us.
Thank you for your detailed answer adam.
Could you answer this please.
How can we recover the value ?
What to do to prevent this from happening again ?
It will probably continue going down in value for a while, we're still more valuable than doge after all.
Like I said, I don't care about the price - the token is there to let people who are members of our community interact with us in a way that lets them either earn the token via participating as we ask them to or by buying them from someone who does. The price could be totally crazy until there is less than 1% inflation per month, right now it is something like 20%. The point now isn't for it to be worth something, it's for it to be easy for people to get and cheap for them to acquire. We want the most people to have LTBcoin as possble because eventually the flood of LTBc will turn to a trickle, and if we've succeeded in creating something people want to be part of, the value of the token that gives you access to it will increase.
That's not the point, it's a side effect. We need to get the coins out somehow, we don't want to sell them, and we don't want to give them all away at once because then people who come just a little later wil miss out big. So we do a long, slow ramp down.
If you really care about the price, your most effective strategy is probably to save the LTBc you've earned and see what they're worth in a year. Year 1 is the year of rapid issuance and inclusion.
