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Alemac
@alemac
Farcaster new fid register is now <500 per day. What are we doing wrong?
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Commstark 🎩🫂
@commstark
ppl came because there was money now there’s no money so they left they need a reason to come and cast Here are reasons heavy users go on social media IMO: 1) to get rich (dream) 2) to get famous (dream) 3) to waste time doom scrolling (habit)
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Alemac
@alemac
About the money. ‘now there’s no money’? people are earning with moxie. What money there is on x?
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Commstark 🎩🫂
@commstark
moxie is dying everyday (for now) ppl sell their airdrops till the price hits zero for crypto we need huge run ups or it goes to zero comparing to another platform doesn’t work. It’s not an us or them it’s a why not us on Twitter ppl have dreams of becoming famous and then getting money by being an influencer (the pay from x is a great thing for them. It will take time to materialize in motivating content creation)
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Maretus
@maretus
This isn’t actually what’s happening to moxie fwiw. Look at the list of top claimers. None of them are selling. Moxie doesn’t have an issue with sell side pressure. It has an issue buy side. Sells are minuscule. Less than a couple grand a day.
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Commstark 🎩🫂
@commstark
i guess, on the one hand it is good to know that there isn't as much selling as I suspected, on the other hand it just reveals the actual problem ...no buying) so if there are less than a few thousand people buying then it'll slide to zero or look at it another way: if it's true that there is no sell side pressure... and the price is going down... what value does moxie have in the market? it has zero value the only current usage for it is buying Moxie Fan Tokens... but if ppl are only using the free airdrops, it's only a matter of time until those ppl sell also remember: in crypto, all people eventually sell into the better currency (USD stable, ETH, or BTC)
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Alemac
@alemac
I am with you. The issue is with the buy side and liquidity. Since there is very little liquidity, any purchase/sale moves the price a lot. But let's not forget that the protocol is less than two months old and here we are for the long term.
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Aunt Homie
@infinitehomie
Kinda weird prices to sell at tho… 50 $degen 50 $wild 🍖x50
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