A necessary evil: Why you should withdraw BTTC from the Earn wallet and transfer it to the funding wallet?
In the world of cryptocurrencies, we often talk about smart investment strategies to achieve profits, but few pay attention to the profound effects that individual movements can have on the market as a whole. Among these movements, there is a step that may seem simple but is crucial for the future of BTTC, which is withdrawing the currency from the Earn wallet (which grants interest) and transferring it to the funding wallet. This may seem like an unappealing decision in the short term, but in reality, it is a necessary evil to achieve the greater good: raising the currency's value and increasing market confidence in it.
Why does the Earn wallet pose a risk to the currency's price?
When you deposit BTTC in the Earn wallet, you are granted periodic interest for keeping the currency in a "frozen" or "locked" state, but this interest comes at a high price: not withdrawing the currency from the public supply. This means that BTTC remains available in the market on paper, even if it is frozen, and thus the actual supply does not decrease. Since the price is affected by the law of supply and demand, having a large number of coins in the market keeps the price low or limits its rise.
What happens when you withdraw BTTC to the funding wallet?
When currencies are withdrawn from the Earn wallet and transferred to the funding wallet, they effectively come off the circulating supply, leading to a reduction in supply. The less supply there is and the more demand increases, the higher the price rises. It’s a simple economic equation, but it is extremely effective. Through this step, we send a strong message to the market that there is a collective awareness among investors and a commitment to protecting the currency's value and enhancing its position in digital markets.
Temporary sacrifice for long-term gain
Some may think that giving up interest is illogical, but the truth is that this simple interest is merely a temporary relief. The rise in the currency's value is a long-term gain that could multiply your profits many times over and could enhance the viability of the entire BTTC project. Real profit does not come from small interests, but from the larger market value.
Summary
If we believe in the future of BTTC, we must make smart decisions, even if they seem unappealing in the short term. Withdrawing the currency from the Earn wallet and transferring it to the funding wallet is a strategic step aimed at reducing supply and raising the price. It is a necessary evil to achieve a higher goal: a stronger currency, a higher price, and a brighter future for the entire BTTC community.
Are you ready to be part of the solution?