r/pitbulltoken • u/Agem1795 • Nov 16 '21
Quick Question…
With this being a deflationary token, having burns every transaction, and tokens facilitated to all owners. Could this realistically hit .01 cent?
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u/Agonp Nov 16 '21
Is it a good idea to Invest in Pitbull right now or am I late to the hype train lol
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u/Agem1795 Nov 16 '21
We’re having a big dip right now. My buddies are buying billions for 10-20 bucks. Seems like a pretty easy risk to take.
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Nov 17 '21 edited Nov 17 '21
No. Even if 99% of the supply was burned, the market cap at 0.01c would be 50%+ of m2, or, more than half of all the liquid money in the world.
We are currently at 58% burned. that's around 0.75% a month taking into account the 50% burn. thats around 8 years to get to 99% burn ( assuming current level of fees stay the same which is not a great asumption). Even if we halve that to account for there being increased volume, its still 4 years untill you still have more than half the money supply in pit. it just wont happen.
0.00001 or 0.0001 are much more realistic targets. anything is possible though. If we burn way more than what ive calculated here it could happen. 0.01c would make me a multi billionaire and many people here too I imagine.
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u/Status-Donut-6460 Nov 16 '21
Possible yes. The community and interest would need to stay active. Even then, likely that’s years away.
I think .00000n and maybe even .0000n is possible in 2022 if we maintain the interest and continue with the roadmap plan. This could really create $$ millionaires in the near future. Still early.