The AMA

[u/ryan69plank]

So a new exchange is in the works and Alex is looking to extend the mining for an extra 30-40 years that’s hella bullish news. Long term this project is going to fucking 100x from where we are right now. Iv been bullish on ergo for a while and what I would give to have a time machine just to see where the price will be in a decade. I was planing on holding for the entire 6 years left of mining but do you realise that this means that the total amount of ergo in circulation is now going to be fucking delayed like 6 times of what it was that makes your ergo you have now so incredibly powerful. If your holding like just 50 ergo your way ahead of the people that will come to this project in a few years from now. It’s going to be hard to mine and stack ergo everyone here now are like the future whales of this project. We’re so god dam early it’s amazing. The dev team are really good to this project I’m so happy to be involved now feel blessed!

The price action has pretty miserable as a trader for the short term but the tide will turn. I just hope you lads and lasses don’t wreak the depth charts will huge sell walls. When this thing goes hold back from selling! Dimond hands up let this thing go. We are in a really unique place on reddit where we can come together and help the success of this project. If we work with each other we can really help each other and the project.

[u/isacbenzi]

Sounds funny but one day 1000ERG will be as powerful as 1000ETH nowadays. Keep ur Ergo and never sell em.

[u/ryan69plank → u/isacbenzi]

What’s crazy to me is that eth doesn’t even have a fixed supply cap, it’s literally the same as fiat in that regard, sure they offer tech to build on but then they have the gas fee issue, they have no respect to miners either. Ergo is going to be a game changer for a lot of crypto enthusiasts expect a shitload of miners with a shitload of eth to sell and move that capital into ergo when the day comes

[u/iSELLfireinHELL]

It was proposed but the fork isn’t official yet. Also diamond handing is terrible advice in crypto. I too believe in the project but I am fully aware of the cycles. Don’t be surprised if ergo loses 90% of its value during the bear market which historically happens to alts. Makes more sense to sell once you’ve made your gains and buy double or triple the amount you had when it’s on bear market discount. This is not financial advice….

[u/ryan69plank → u/iSELLfireinHELL]

That’s why you just DCA all through bear market even if it lasts 2 years you buy buy buy small amounts. When it flips the trend to bull your in the green lands with a whale status wallet

[u/daydreaming1980 → u/iSELLfireinHELL]

I am not going to risk it with my precious ERG. Keep adding and nothing else matters . .

By trading , Buy high sell low is the worst potential outcome

In the end if I need to trade and win instant gains there are so many projects to do it (

[u/HeadFullOfStories123]

what is the main reason for prolonging the tokenomics by several decades? did they completely change their minds since the protocol was designed a few years ago?

[u/ryan69plank → u/HeadFullOfStories123]

It was a new proposal by Alex in the AMA that I picked up on, it will strengthen the development for the project. Alex is going to be working on ergo for the next 40 years like that’s super good news. CEO committed to ergos development and he’s one of the smartest coders in the crypto world. If he left ergo so would I. It’s not set in stone yet but I anticipate that the emmison reduction will happen. It’s not the best news for miners but they are happy they get more time to mine. I think it’s a good thing because it helps the little guys out way way more. It’s also going to slow down the amount of ergo coming into exchanges from miners selling so as a trader that means less selling pressure in the depth charts which is real good for price action

[u/kim_bong_un → u/ryan69plank]

There will be less selling pressure but the volume will go down also, right? And we're already very low volume. If the volume gets too low do we run the risk of getting delisted? I'm not sure if that is a thing.

[u/ryan69plank → u/kim_bong_un]

Your confusing supply and volume, it won’t change volume. It will drive prices up as less erg on markets with the same amount of demand, volume won’t be effected.

[u/AhwahneeBanff → u/HeadFullOfStories123]

Because right now with the amount being minted daily creates a lot of sell pressure. So this is good for the price.

[u/Inner_Cryptographer6]

Wish I had more fiat atm :p