Hey everyone. I'm confused, and I hope you guys can help

Question

Hey everyone. I'm confused, and I hope you guys can help

me out.

The Hedera network fee is fixed at 0.0001 USD. So, if the price of Hbar increases, we will need less Hbars to do a transaction.

So, how can there ever be a scarcity of the token?

#cryptocurrency #english #hbar

0

01.12.2023

5 ответов

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Takoyaki Автор вопроса

Jeeptopdown
The fees range from $1 down to .0001 depending on ...

Thanks mate

0

01.12.2023

Joe

There will be scarcity of the token when there’s high demand for transactions on the network, and the network fees pay stakers and node operators a fraction of the fees generated by those transactions.

0

01.12.2023

Joe

Additionally, because many people expect that that’s coming, there will also be scarcity generated in anticipation of that moment. And the anticipation of that moment will rise as we enter a bull market (whenever that happens).

0

01.12.2023

Abu Zuhair

Jeeptopdown
The fees range from $1 down to .0001 depending on ...

Yes and decrease in Hbar needed does not equate to selling pressure. It is still upward pressure just less upward pressure bit upward pressure nonetheless. The enterprises will probably buy quarterly or something a long those lines instead of daily.

0

01.12.2023

Jeeptopdown · Accepted Answer

The fees range from $1 down to .0001 depending on the tx type. The answer is we need massive volume to raise the daily buying pressure. For example, the current tx rate would place about $20k worth of daily buying pressure. (If anyone was buying them - they are running on a grant at this point) 10X the tps will 10X the dollar amount per day of buying pressure. Now, you are correct on the increased price = decreased HBAR amount needed per tx, so there will be some market balance achieved depending on who wants to sell into that constant buying pressure. And there will be artificial scarcity in that I won’t sell mine until x price and people will hold for nodes…

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Hey everyone. I'm confused, and I hope you guys can help

5 ответов

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