VIDT

[Anonymous No.21274076]

Be honest VIDT bros, when are we selling. I get we're in euphoria phase right now and we all think its going up forever

But the tokenomics of VIDT are weak, what incentive is there for the token to actually get to $5 and stay there?
The teams monthly buybacks and burns? They are peanuts compared to the kind of marketcap $5 would put us in
There is no actual reason anyone should hold VIDT tokens long term other than with the intention to sell those tokens back to the VIDT team for clients to use at a later date.

And as the price goes up, the buybacks become less and less impactful.
It's time to get out, isn't it?

[Anonymous No.21274269]

I sold 240k at .65 cents. I've reached my goal. I don't expect it going up much more.

[Anonymous No.21274331]

Bought at 6c, selling half at $3 and half at $6

[Anonymous No.21274332]

NEVER SELLING YOU FUCKING KIKE

[Anonymous No.21274397]

Meh I've seen this fud so many times, not bored yet?

You think everyone is buying because of burns, and not the fact it's actually being used by real companies with more to come?

[Anonymous No.21274445]

>>21274331
>>21274332
answer my question. what incentive is there for the token to get to $5 and stay there? the teams buybacks and burns?
those are in the hundreds of thousands, they would do absolutely nothing if the marketcap was in the hundreds of millions.
its a cool project, but the value is easily determined by the teams revenue, and as it stands it is nowhere near high enough to justify a 100m+ marketcap
the token holds 0 actual utility, it is simply a waiting game to sell your VIDT back to the VIDT team at a later date. thats all.

[Anonymous No.21274449]

P.S burns are just icing on the cake, I don't see anyone selling their Link or other coins due to no burns...

[Anonymous No.21274490]

>>21274076
>>21274076
>And as the price goes up, the buybacks become less and less impactful.
>implying there wont be more buy backs as more customers are onboarded
Have a bit of foresight

[Anonymous No.21274497]

>>21274445
the token holds 0 actual utility to speculative investors like us*
sure, if youre amspec it has utility. but for /biz/ anons, the end goal is just to sell VIDT back to the team so they can sell them to amspec and other clients later.

[Anonymous No.21274514]

>>21274445
What incentive does any coin have to reach a value?

Why is Link worth $13, and worth $5bil with no revenue?

[Anonymous No.21274570]

>>21274449
LINK tokens hold actual utility. They are used to as collateral value for nodes that underpin high value smart contracts.
VIDT tokens hold 0 utility to people like you and me. we can do nothing with them except for sell them back to the VIDT team or some other guy for more money.

LINK tokens, on the other hand, can be used by people like you and me to pool collateral together for nodes, earning revenue from data requests as a result of honest data relaying

[Anonymous No.21274616]

>>21274397
So are you saying everyone buying is an idiot? Because there is no reason to buy it outside of the burns. At the current market cap, the burns have 0 impact on the price. And they have not grown in almost a year. Business development is really not translating to usage

[Anonymous No.21274662]

>>21274570
No you can't - staking not even implemented yet.

Vidt could add staking down the line if they wanted to.

[Anonymous No.21274704]

>>21274662
sure, you cant do it with link yet, you're right. but it's a fact that one day you will be able to. which justifies its marketcap.

VIDT will never have staking, they already publicly scrapped the idea of VIDS, shares in the company and revenue sharing, because of their lawyers. if you have been in VIDT long enough you know this is true.

[Anonymous No.21274726]

>>21274570
Shhh. Let the anon's have some hope. They think it's going to reach $1.

[Anonymous No.21274760]

>>21274704
I already know about that. Funny how you do to, so could have bought at $0.15.

You had a year

[Anonymous No.21274773]

>>21274076
i am never selling

[Anonymous No.21274840]

>>21274760
which part of "i own VIDT" do you not understand? I actually bought at 8c after the binance listing vote fail.
my points stand. to people like you and me, owning VIDT has 0 actual utility

it is simply a waiting game to sell those VIDT back to the company so they can sell them to clients. if VIDT had a marketcap of $100M, the buybacks would do absolutely nothing.

[Anonymous No.21274878]

I bought this at the bottom... LOOOOOOOOOOOOOL
To bad I only put like $200, now orth $2500, wooooh.
My net worth is $1M but I put fucking change in it.

[Anonymous No.21274883]

>>21274445
answer my my question OP
ANSWER MY QUESTION
>>21274445

[Anonymous No.21274920]

>>21274878
net worth on paper or actual cash?

[Anonymous No.21274960]

>>21274490
>>21274883
So your viewpoint is that VIDT is going to, at some point, have literal tens of millions in revenue?
That's what it would take for buybacks to mean anything at a 200M marketcap.

You realize how long it takes companies to go from 300k annual revenue to $10M+ annual revenue, right?

[Anonymous No.21274981]

>>21274920
>having wealth in cash
anon....

[Anonymous No.21274986]

>>21274662
>>21274760
VIDT could never add staking because there is no network to secure. They are hashing files with an API. It's a useless token that is charging 10x what other platforms do for the same service. No wonder they have seen zero growth in one year

[Anonymous No.21275029]

>>21274960
>You realize how long it takes companies to go from 300k annual revenue to $10M+ annual revenue, right?
In the software industry it can happen very fast.

[Anonymous No.21275092]

>>21275029
Yes, when the product is unique and revolutionary. VIDT is neither. It's a startup comprised of a couple skateboard guys and one part time dev.

docusign offers the same exact notary service for pennies. A new cryptocurrency called Bridge can do the same thing as well. VIDT has to charge 2$ per file because their entire business is constructed around an auxiliary service

[Anonymous No.21275226]

you fucking plebs have no idea how fucking big the coin will be

1/2

[Anonymous No.21275281]

>>21275092
Do you think the average crypto investor cares about any of that?
People see it shooting up the rankings and see it shilled on youtube and twitter "low mcap token with real use case and customers" and eat that shit up.
The crypto market is all hype and FOMO. You're losing on so much potential gains if you dont realise this.
I'll sell when volume drops, but I can see this being an attractive buy for people until $100m-$200m

[Anonymous No.21275286]

>>21275226
2/2

[Anonymous No.21275306]

>>21274840
No you don't, you're the buyback obsessed fudder.

You had a year for fuck sake

[Anonymous No.21275359]

>>21275092
First mover advantage


Link has better competitors, but nobody cares

[Anonymous No.21275392]

>>21275281
so its just greater fool theory. State that from the beginning and stop wasting people's time by promoting a useless token

[Anonymous No.21275433]

>>21275359
>first mover
One company comprises 70% of VIDT's revenue. They have been failing to attain any more meaningful adoption for a year. That's why they keep pivoting

[Anonymous No.21275480]

TOKEN.
NOT.
NEEDED.

[Anonymous No.21275546]

>>21275392
Newfags gonna newfag

[Anonymous No.21275580]

can someone refute OP FUD?

>validations use token from validation pool that is closed will last virtually forever
>the circulating supply tokens are not needed for anything

''no no you see the team buys back your tokens''

true but with high price like now the buyback is very low in token quantity

TOKEN NOT NEEDED

[Anonymous No.21275666]

>>21275580
But the token is literally needed to anchor the data to the Blockchain...

[Anonymous No.21275772]

>>21275666
>I have no argument

>>21275666
But the token doesn't need to have a price or be subject to market economics. Because everything is handled in fiat. The only reason the token was created is because VIDT wanted an ICO to get money from crypto idiots. There are many projects like that, just be honest though.

[Anonymous No.21275842]

>>21275666
thats the ones in the team wallets

what are the tokens that the bagholders have used for?

[Anonymous No.21275911]

>>21275772
You had a year... You spent all that time researching Vidt and checking the charts every 5 mins whilst we all made money.

Blow me

>>21275842
You too (nice proxy though fag)

[Anonymous No.21275965]

Btw leaving this thread now, can you create some new fud though as you've made this exact same shit for months and it's getting boring

[Anonymous No.21275967]

>>21275911
In one year the coin has gained 25% from its ATH. I have bought coins which are up 1500% in several months

[Anonymous No.21275972]

>>21275911
you lost thanks for playing

[Anonymous No.21276153]

I bought this at the bottom... LOOOOOOOOOOOOOL
To bad I only put like $200, now orth $2500, wooooh.
My net worth is $1M but I put fucking change in it.