I am looking for somewhere to learn more about AmpleForth

I am looking for somewhere to learn more about AmpleForth

By Torsovomit | TheCoinCollector | 8 Nov 2021


Hello there 

From what I can muster from looking it up AmpleForth is one confusing coin/token out there.

The one thing I am confused about is the elasticity of its supply and demand, as it is somewhat of a stable coin in a sense but not at the same time.

The more demand for AmpleForth the higher the supply goes and is distributed to hodlers if I am not mistaken?

For example I had 3.70ish in my wallet( not on site) AmpleForth and now I have 6.36 and I haven't done shit.

My understanding is that if the price stays above a certain price the supply will adjust its self at the same time every day and I will gain more looking at around 0.30-0.40 a day which is pretty nice I guess. But how much will I lose if it goes down past that threshold do I lose some of my balance? 

Should I invest and see if my balance jump is higher if I am holding more?

And if I were to if it does go to the lower threshold at what point should I sell to avoid taking a hit in value?

It's kinda cool to watch it go up nearly 0.50 USD everyday( my balance not the price per coin/token)

Or am I just not really understanding this at all?

From what I have read even enthusiastic crypto gurus have a had time with actually grasping and fully understanding what AmpleForth is all about.

If there is any really good info out there drop it in the comments.

Maybe other people will come across this and if there are some good answers it will intern help them and me at the same time.

Well thank you for reading and would love to see some comments please.

Take care.

 

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Torsovomit
Torsovomit

I am a big Faucet hound, I find the ones that pay and bring them to you.


TheCoinCollector
TheCoinCollector

Hello my name is Joshua-Lee and you can call me “The Coin Collector” and I LOVE Crypto. My aim is to bring you ways to obtain free bitcoin and other coins without spending any money at all, without scams, without wasting time for sites who do not pay out. Any site I share with you I have personally used myself and have received payments from, I will always be coming out with Really great Faucets and ways to build my crypto along with yours, Follow me for honest and Legit Content.

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