[EricMausler]

Isn't this exactly why some people are buying into it now?

Entering and exiting the ecosystem to fulfill a trade takes time, and during that time you hold crypto of a certain value

An increase of concurrent trades means the value of the currency goes up if the amount of currency being used for trades remains the same.

A commitment to HODL means a removal of currency from the trading pool.

So by shrinking the trading pool and increasing the trading volume of people entering and exiting the pool in short time frames, the value of the currency increases.

Trying to cash out a large wallet would increase the trading pool and decrease the price.

You may not ever be able to actualize the full potential of what your wallet says.. but you can easily get more out of than you put in without it being a ponzi scheme.

You are providing capital backing for other people to enter and exit the ecosystem, which has value.

When trade volume increases, you can sell some of your wallet to cover the trade volume and keep price stable. If you don't, then the person who entered and exited the market during the increase will get more value out then they put in (less gas and fees)

No one needs to be left holding the bag unless trade volume decreases to 0. And there is no need for trade volume to decrease to 0 if people are aware of the currency and have access to exchanges to be able to quickly enter and exit the ecosystem

[web4]

have you ever looked at USDC and ETH order books on CEX or DEX? they are handling billions of dollars per day. unless your wallet is holding hundreds of millions of dollars in crypto you can make orders on these platforms without making a dent.

your 1000 USDC transfer may have some minute effect like a single drop of water in the ocean.

in reality you but some ETH to cover the transaction, then spend/burn it in order to fill the trade. maybe later your friend will have to pay more or less or the same than you did in absolute USD terms to cover gas costs to exchange the USDC for another asset depending on the future market conditions. and these are risks both parties should aware of , the ledger is not free but the take-rate and fees are notably different than VISA and PayPal

[EricMausler]

I think we agree?

If they are handling billions in trades per day that means trade volume is up high.

A small personal wallet may not matter, but the combined value of all wallets not involved in those trades does matter.

Effectively, by holding I am saying "the ratio of trade volume to available currency is going to improve the value of the currency over time"

I am not saying "I will be able to find some idiot to buy my crypto for more than I paid for it as part of a ponzi scheme"

[web4]

ah yes then we agree. especially because each transaction burns ETH thus reducing supply and making token more scarce.

tho I do not think it will always translate to higher market price and valuation in future since the price is determined by a range of factors that are impossible to predict like bugs, stagnation, quantum crypto cracking or just global market fluctuations. this is where I say it need not be seen as a pure investment. market price of ETH might be the same in 1 or 10 years as it is today and network will still have created utility and value all that time for those that did not view the base token as a pure investment.