Sacrificing Hex will give it to the sacrifice address. The Sacrifice address will hold our Hex and never sell. And since Hex is designed to appreciate in value *chaching* it will be easier to move the price of our Hex.
I see, when you sacrificed I’m right in saying yiu get the current value of your coin? So regardless of the coin goes up or down you get the value at time of sacrifice ?
Indeed, when you sacrifice it is on the time of when you sacrificed your coin. It doesn't matter after that, if your coin moves up or down that will not change your sacrifice points.
Is good for Hex price since the sacrificed Hex won't be sold
That make no sense to me. Give it away because its good for the price? When people say that I just be dumbfounded.
Remove supply from circulation
If you buy and that is never sold, that's good for the price. We hexicans hold Hex so...
The less hex in circulation the more hex can pump!
Scaricity is suppose to be a positive. But what good is a coin that pumps that you don't have anymore????
Deflationary or dwindling supply is scarcity.
More people are forced to push the market orderbooks up due to the smaller and smaller supply and the individuals that trade and trade more lose compared to long term holders because long term holders wont be burning there bags and anyways it's just like a normal fee to you anyway
Okay. That follows logic. But as a holder that goes back to the question . How does scarificing my Hex make sense? It helps the price but not my bags.
Really in my opinion it depends what level you got into hex... If your x multiple ratio is really good on hex keep it and don't sell any of it... If it's bad it's probably a better option to sacrifice it for a better x multiple ratio
Just add extra outside of hex to it.... no good holding cash if they printed 40% of total supply in 2021 alone
Yes it all depends. The devil is in the details... as they say.
Holding cash? You mean Fiat?
cash is trash !!! shove it into Hex.com
Bob Saget (24) has increased reputation of UniSportHD (1)
i was watching a old video of Grant Cardone and he was stating how if you hoard cash it will go to zero
It's true so many times the banks just take all the money and say it's for a good reason... look into history it's crazy
You should really look into a documentary about corporate and reserve currency... around 97% of our currency isn't even printed by the government's... the rabit hole goes so much deeper.... I can't remember the name of it though... if you search on odeysee.com you might find something similar
⬣⬣ Dartanyan Eight (BEWARE SCAMMERS EVERYWHERE) (1687) has increased reputation of UniSportHD (2)
Are we talking Banks or Fiat? You can horde Fiat in your safe or mattress. It will still shrink. You can horde it in realestate it could grow. You can horde it in Crypto and it will be all over the place at any given time. You can horde it in the stock market and it will grow slowly over the years. Until they do a slick move and take it all back.
Well I just look at it like this (liquidity, value, security, inflation/deflation mechanics and psychology) add those things together and that's my basic way to decide were and when to invest
HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.
But I don't need to tell you that you already have it figured out otherwise you wouldn't be here
Hex.is.the.way (1272) has increased reputation of Bob Saget (25)
It has sense if you pump the price and continue to hold some Hex. You have the presuposition that one you sacrifice all your Hex is gone (which is not the only scenario available)
It has sense if you pump the price and continue to hold some Hex. You have the presuposition that once you sacrifice all your Hex is gone (which is not the only scenario available)
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