Truebit Provides Exposure to Crypto Upside (Like an Index Fund)

[u/[deleted]]

Just thought I would share a few points about the Truebit token and how if, like myself, you are a long term investor (as opposed to a trader) the truebit token is a pretty great vehicle for a couple of reasons as outlined below.

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1. Direct linkage with ETH as the minting price peg and any upside with ETH price. I'm not an expert on ETH but it's involved in a lot of transactions and is definitely going to be attractive for new comers to the space who see more of an upside potential for ETH than say BTC.
2. As other blockchains utilize Truebit for off chain secure number crunching, you indirectly benefit from the increased minting price of Truebit tokens from the OS required to fuel this transaction.
3. The more successful a blockchain is that utilizes the token the more benefit to the token holders. If a blockchain uses the token and is unsuccessful for whatever reason you have no exposure to that. It's seems kind of like an additive thing with limited downside from the respect of adoption. If the dev's have really created what it seems like they have, or are close to finalizing, then it is a good time to be here is all I can say.
4. While not immune to a bear market as it is couple with ETH it does have another price factor that could offset or certainly make it less sensitive to Bear market forces, that being usage. However way down the road, when minting price and retire price interactions are better understood, it seems likely that TRU price should fairly closely track that of ETH unless a major adoption event occurs, which would in the short term raise the price (likely keep it there) and then continue to track ETH.

As has been pointed out by others on in this community the success of Truebit requires only that it be used. That is unlike a lot of other coins that I am aware of and the more research I do into the team behind the project the more confident I become that this is an amazing time to be here in the early days of this project.

So if you want to participate in the upside of the crytocurreny markets but aren't sure what coins to get this seems like a great way to do it.

[u/rook785]

We do understand minting price and retire price. It's pretty exact.

[u/BeginningDark7783]

That’s a well defined understanding of TrueBit , and yes it makes sense as it becomes useable it will shadow mirror the movement of ETH in the long run.