/biz/ - Business & Finance

Anyone got the tweet, before it was taken down?
CZ got the corona, binance is fucking deep trouble.
Imagine not withdrawing your funds,lololol
you fucking morons. THis is it.

Utility tokens are lottery tickets.

We know know that small and medium sized businesses are involved in the forex market due to their need to pay for products and services denominated in other currencies.
Instead of exchanging the currencies themselves. They either trade through banks or let the banks trade for them.
We also know that some large multinational companies are players in the Forex market due to hedging.

Utility tokens are tokens that represent the cost of a service such as chainlink, ethereum etc.
Right now, we are in a utility token bubble driven by speculation. Market is far ahead from reality. The tokens need to be consumed to generate genuine demand, only genuine demand can generate fair valuation. Unless small/ mediumsized businesses start consuming your tokens, the real value will remain a mystery. You could be sitting on a goldmine of a pile of worthless overvalued tokens. Who knows....

Lets assume that medium business start using chainlink for their oracles.
Will they buy it directly from the exchange.
Sergay would the equivalent of the central bank controlling the supply and demand of chainlink.
Hedgefunds, VC's would be equivalent of banks that buy/sell the tokens for the small-medium sized business that consume the tokens.
Where would that leave the retail-hodler?
VC's, sirgay, hedgefunds can work together like a cartel to curb the price, keep the tokens affordable for small businesses.
At the end of the day you're dealing with a utility token not a currency/gold like bitcoin.

>thinks ''glypto currencees'' should have a CEO
>thinks ''glypto currencees'' should have a office building.
>Thinks he is bagholding real genuine ''currenceees''

>>9470765
It’s a personal loan, not a mortgage or cc line

Best I could do

Stay mad that I’m gonna make it based off just holding a winning project though