Conversation

Sam Hawkins
@SamDoe70
Your condensed concerns is that once it dumps under $1 a death spiral gets initiated, which never recovers? As an early investor all I can say is that this thing was half a year or so permanently under $1, which caused me big losses. It still multibagged my entry since then.
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Do Kwon 🌕
@stablekwon
Your anecdote doesn’t assuage Sam’s concerns. You can’t judge the resilience of a protocol based on idiots buying in
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Do Kwon 🌕
@stablekwon
Totally false. Bitcoin monetary policy is cycle-agnostic. AMPl monetary policy is highly cyclical - it rewards you hard during pumps and fucks you hard during dumps.
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Sam Hawkins
@SamDoe70
Not necessarily true. $Ampl gets scarce in dump cycles. Idea is to attract buyers in these times. Worked out great once. Let's see how it will in future with a broader audience.
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Do Kwon 🌕
@stablekwon
Right, but its not the kind of scarcity that benefits the holder. Everyone loses. So same logic that makes pump exciting, higher demand = higher price, more coins makes dumps depressing: lower demand = lower price, fewer coins. Thats pretty cyclical and worrying.
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Sam Hawkins
@SamDoe70
I got your point. Felt the same back in the day. Though since then $Ampl could bootstrap from the depth. Reality is, noone can foresee how this experiment will work out, especially if it gets more and more attraction.
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