• dil@lemmy.zip
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    5 days ago

    feed go up when it increases in price so it’s not even a good thing for it to have high value

    • balsoft@lemmy.ml
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      5 days ago

      Yeah, but also the price of a coin is a reflection of how much people “want” it, which increases liquidity, making it easier/cheaper to finalize your transfers. It’s a tradeoff as usual. E.g. with Bitcoin, you can find people willing to exchange cash for BTC and BTC for cash at exactly market rates, making your losses for a transfer equal the transaction fee. I don’t think I could do that with some random memecoin.