Is it likely that the future CHIA utility will be so niche that price will not be capable of upward movement, given the constant miners pressure. Mining is about making a profit and only then maintaining the network security. The price will need to go through many trade levels since the initial move was down and the price was extremely high. Every CHIA investor must understand that you risk being stuck in an asset for years, given the vague factor of the wallets availability, which will prevail over the circulating supply by 3.5 times.
If this project is successful, you will be an average investor, buyback a position over many years. Because even if active holders/CHIA supply reach parity of the circulating supply with two gigantic wallets, they can dump to 0.
In order to reduce the price impact of these two giant wallets, CHIA circulating supply would need to be around 280,000,000 coins. Then you will limit the emission/influence of these wallets to 10%. But even then, their influence remains enormous. You can safely multiply future circulation by 2-3 in order to reduce the dependence of the coin price rate relative to these two wallets. Otherwise, this is not decentralization.
CHIA is 5 percent from its historical bottom.
If this project is successful, you will be an average investor, buyback a position over many years. Because even if active holders/CHIA supply reach parity of the circulating supply with two gigantic wallets, they can dump to 0.
In order to reduce the price impact of these two giant wallets, CHIA circulating supply would need to be around 280,000,000 coins. Then you will limit the emission/influence of these wallets to 10%. But even then, their influence remains enormous. You can safely multiply future circulation by 2-3 in order to reduce the dependence of the coin price rate relative to these two wallets. Otherwise, this is not decentralization.
CHIA is 5 percent from its historical bottom.
