In the video below, you’ll see an explanation of what makes the token price goes up.
Of course they should have also mentioned what can make it go down, because that can happen, too. Remember, Cloudtoken is marketed by "Multi-Level-Marketers" who desperately want you to join under them, so they will only ever tell you the good stuff :)
And while it should be clear, that “if the opposite happens, the price will go down” - we really want to take some time to spell this out for everyone. We’re focusing on honesty here on this blog, and if you decide to join Cloudtoken with our referral code we want you to really understand the risks.
This is a start-up with a grand vision, but there are no guarantees that this vision will actually be achieved. Let’s watch the video first.
If the price can go up, it can go down, too.
This makes sense, right?
The video covers how the reserve fund goes up from the profits the trading bot generates. It also mentions people holding on to their CTO tokens instead of selling them, which means the fund keeps growing, because nobody (or only a few people) are withdrawing from it.
If the reserve fund keeps growing, the price of CTO grows.
So, we can derive the opposite from that:
If the reserve fund would stop growing, and if the total value of the fund would go down instead of up - that would have an influence on the CTO token price. There are several reasons why it could go down:
The trading bot loses more trades than it wins. Likelihood: being a bot, and being AI - we’re not sure how likely it is that it starts losing. Especially the AI part makes us lean to the possibility that the bot will indeed win more than it loses, and over time become even smarter, because it can gather more historical data and learn from it, in order to predict future market behaviours better. So we’d say the likelihood of the bot losing is very small. We’re not worried about the trading bot, to be honest.
The value of ETH and BTC (or any other cryptocurrency in the reserve fund) goes down. Likelihood: Very likely. Remember cryptocurrencies are extremely volatile. You never know what’s gonna happen.
People start selling CTO’s en masse. If large numbers are being cashed out at the same time, this could bring the price of CTO down. Since CTO’s can’t be bought, nobody can “buy the dip” and bring the price back up by buying a lot of CTO’s cheap. So the only way to replenish the reserve fund is to create more trading profits, which means more people have to delegate funds to the bot. That part does feel a little like a Ponzi scheme, because it would rely on the fact that more and more people have to join, or increase their delegations, in order to keep the reserve fund filled. Likelihood: Medium. While it’s highly likely that many people cash out at the same time (because of rumors, or because it reaches a certain price), it really depends on how big the reserve fund is, and how fast it replenishes… We do consider this a real threat, though. Even if it seems not super likely, this can definitely happen.
The above chart from our website shows the price development so far. During the first weeks it grew fast, but then at the beginning of July there was some panic because of some rumors, and many people started cashing out. It wasn't enough to make the price go down, because many many new people joined at the same time, but you can see that it took 2 weeks before it grew just by a tenth of a cent.
The good news is that people noticed how easy and reliable it is to cash out, and that the price is indeed tied to supply and demand and not some fictitious number that always goes up. This instilled actually even more confidence in the participants.
Amazing opportunity for network marketers
Right now, in Summer 2019 things are looking bright, because we’re entering the next bull market. Also, the whole project is still very new, so the enthusiasm is still big and loads of people are joining.
The true network marketers are having a field day as they’ve just uncovered a new gold mine with this Cloudtoken project. If you happen to be a good sales person you’re gonna be very happy and probably make s&%it loads of money. Seriously. There are some people high up on top of the pyramid, who are making $25,000 a day. They probably brought all their network over from another projects.
Us - we are not sales people, but we are excellent “back office” supporters. If you’re a network marketer or skilled sales person and you use our referral code (0498241178) to sign up, we promise you, you’re gonna have the best and most reliable & responsive support team behind you and make sure you’re gonna get information and answers fast!
But what about long-term, when that early enthusiasm might fade away? When the next bear market comes around?
Good question! Cloudtoken is getting prepared for that.
The trading profits are not the only income stream that will fill the reserve fund. The trading bot is just the first product that has been launched. Cloudtoken has a plan to create partnerships with merchants to accept CTO tokens, and the transaction fees of those purchases will go into the reserve fund. In fact, they are building a whole ecosystem, that aims to strengthen the reserve fund long-term and keep the CTO price stable.
We will follow this closely and update you about any developments. Make sure to follow our blog here, to stay uptodate.
- Find more info on our website: http://cloudtoken.strikingly.com
- Join us with our referral code: 0498241178 (You can join with small amounts just for the passive income of the trading bot. If you also want to earn referral commission then you need a minimum of $500.)
- The Cloudtoken app is available on the App Store and Play Store and through the official Cloudtoken Website: http://cloudtokenwallet.com
- Follow us here on Steemit.