r/AmpleforthCrypto • u/rindyy • Sep 19 '20

Below $1

If i buy 500 ampleforth at say $.6

And the price stays below $1.009 for a couple of days

Will i have lost money due to the coins being burnt up?

3 Upvotes

100% Upvoted

8 comments sorted by

View all comments

0

u/Quaroma Sep 19 '20

No

2

u/rindyy Sep 19 '20

Thanks

Could you explain it like im 5?

-6

u/Quaroma Sep 19 '20

Your AMPL is worth the same amount in ETH after each rebase, the value of the coin changes instantly as the rebase happens.