Why are many people so short sighted? They look at

Question

Why are many people so short sighted? They look at

the increase in withdrawal of fee but they don't look at the reduction in deposit fee. It really entice more long term holders to deposit more. It helps the price!

#coti #cryptocurrency #english

0

29.11.2022

3 ответов

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Darren (Blocking All DM and Invite) Автор вопроса

System is good? How you define good? Just because it works for you? Smaller deposit fee entice more deposits, higher deposit fee discourage withdrawal. The only reason crypto price can go 10x or 100x is when people buy and hold and not selling (withdrawing). If you are not selling, why are you withdrawing? This is so, so simple. To COTI team, what you have thought through before coming to this decision is absolutely sound. I don't see many people object to this. Can't even get a count of 50. They are probably withdrawing often that's why they are against it.

0

30.11.2022

letsearn4ever

Geordie R
A cool way of viewing this is when other people wi...

Long term holders do not need to worry as if you are withdrawing rewards then fee does not matter.

0

01.12.2022

Geordie R · Accepted Answer

A cool way of viewing this is when other people withdraw your APY is boosted....look at the positive. If you are a hodler you're going to be benefiting much more. On the other hand lets say coti hits 50c again, how would it feel once you want to take some profit that you're paying 1.7% (including network and node fee) for the priviledge. On 1000 COTI that could be a $8.50 fee to the treasury apy On 10,000 COTI that could be $85 worth of coti to the treasury APY On 100,000 COTI that could be $850 worth of COTI to the treasury APY On 1,000,000 COTI that could be $8500 worth of COTI to the treasury APY. Yikes.

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