A Sweatcoin buyer will often buy and hoard their sweatcoins for a while. The buyers will do this because they hope to make a profit by doing this. They are banking on the value of Sweatcoins being worth a lot more in the future. This is especially so since the announcement of Sweatcoin’s Blockchain cryptocurrency.
Investing and saving for increased value
Sweatcoins are a form of cryptocurrency just like bitcoin, and just like any cryptocurrency the price will fluctuate based on the demand of it. Most people will hoard their coins which drives the price up because instead of those coins flowing through the market, they are stuck with a few people which it easier and more profitable for people who are selling. This idea had been proven recently when the price of sweatcoins doubled in less than a week after their latest two announcements (blockchain and a $5.7million investment).
Hope in future updates
There have been increasing rumors of the future updates in sweatcoin. Currently there has been an idea that there will be a block chain that will hopefully come in a future update of the sweatcoin app. If something like this update were to occur, the price of sweatcoin would jump up. Then the buyers who had been hoarding all this time would be able to cash out and make a massive profit of it.
Sweatcoin in-app deals
Sweatcoin offers many deals in app. There are daily deals which are cheap such as giftcards or coupons which buyers can make a quick and easy profit off of if they have coins saved. There are also special deals offered by sweatcoin in the app such as 1000$ delta gift cards which are limited time offers. These deals are much faster, easier, and the buyer could make a profit from being able to buy the coins instead of walking to get the coins. Although these deals focus on certain websites or brands, if you are interested in what is listed in the deals section you could save a lot of money.