How you think about the next month free 16B free lumens?

snowwolf

how you think about the next month free 16B free lumens? those are free lumens

snowwolf

its so weak doge already catch up

idealclay

I think it will completely destroy the price. Rip 3000K investors

b3no

This is not the first bitcoin giveaway. Last time (4 Billion giveaway) only a fraction of bitcoin holder actually claimed the lumens. It had 0 impact on the price, I would say it even went up. I honestly don't think there will be even 3 Billion claimed. But all this advertisement about it will raise awareness of stellar and the price will maybe go to the moon. Who knows, right?

To me it looks like many people are shorting Lumens and are trying to spread some kind of panic posting all over the internet "SELLL 16 BILLION, PANIC!". The stellar fundamentals still hold, no reason for panic.

bigstarboy

good if i was invited lol

iamoenaj

It will not destroy the price, even if half the pool was claimed.

commodo51

before giveaway price will go down for x % (already happening) and then parabolic up...usually this scenario happens in real world but this is crypto :)....a dont give my till 2019 :)

Ti_Bu

I think we should divide it for everyone who has been with stellar since the beginning. Not people with BTC.

bnogal

The point is. 100 bitcoins, say 250.000$, receive 100.000 lumenst that at current price is 5000$. Imagine some of the bitcoin holders sell.. and price goes down... I think almost nobody with 250.000$ in bitcoins will care about 5000 or less $.

These giveaways has a second effect, unused giveaway lumens will go to stellar.org. And i dont think they will sell as crazy. I see it fine, they are making a nice work and i belive their aim is not to became "more" rich. For that they could simple use ripple.

There are inner things in stellar design i was thinking about a long time and now it is real. It will have a future. Dont worry about that.

snowwolf

last time send out free lumens the price is very lower but now is difference if str price grow btc value equal to current btc price + free lumens price so str will not grow too much maybe will have some drop

Claudio

I will hold my stellar, and buy more if it dump more That s all and i will try to contribute to the project It s now opportunity to accumulate

jenlex13

So if i don't have bitcoin. I will not receive anything?

idealclay

Apparently no. I wouldn't bother even if you have 0.01 of them.

We are talking about big players.

marc_willemsen

Bad idea. Price will drop :frowning:

bryanlee95

Supply up will cost price decrease, a common law in economy. But let see how it does.

Avatar2flow

Well its cool at least they said giving means love. But we only hope it would not crash the price down

Riyaz22

I am new to cryptocurrency world and I also bought some lumens.Can anyone help me, who is giving 16B lumens free and to whom???

Regards

letsfly28

following you bro , newbie also here.

number005

I really dont understand this. Rich people will get richer. If i have already a lot of bitcoins I even get more XLM. WTF? Give it away for some social engagement in real world.

b3no

I don't think that the intention of the program is to make anyone richer. Stellar is also going to give 25% "for nonprofits to reach underserved populations via the increased access program". This is 25 Billion, much more than the bitcoin program. And 50 Billion with the direct sign up program.

https://www.stellar.org/about/mandate/#Lumen_distribution