/biz/ - Business & Finance

I think people aren't really getting it still- the eRLC offering was never going to spike the price as most of the buying probably was the 1.51 pump earlier this month, when pricing doubled from 70 cent local lows the week earlier. On the long term whole RLC has spent most of its existence around like 50 cents- for 2 years it never broke a dollar- before finally getting back up a year ago.

The longterm trajectory is upwards, but the momentary problem will always come from it going up to 1.50 and then dumping to 1.10 as the binance chinkwhale takes profits.

But the reason eRLC is important is because it locks up supply. This creates a situation where more and more supply is getting locked up as time passes, unable to be moved, creating artificial scarcity as digital oil powers the decentralized internet explosion of Cloud services that we're going to see over the next 10 years.

In a year when the price has gone to 20 dollars, people will insist they never saw it coming, when merely scanning the longterm charts indicates massive longterm bullshit behavior.