Is total token supply important?

Came across a neat article about this topic So here’s the gist: how people view value is influenced by whether something is scarce or abundant. Tokens with limited supply seem fancy and exclusive, while those with a high supply seem easier to get but aren’t seen as special. There are some biases at play, like unit bias, which affects how folks think about token supply, often ignoring the actual market cap. There’s this Supply Perception Experiment with two tokens that are identical in every way except for their supply one’s got low supply ($LSPY) and the other’s high ($BSPY). It’s a cool way to see how these perceptions play out in real-time.

Supply is only one of the important aspects to pay attention to when starting an investment, although it's worthy to highlight it's not the only factor to be noticed, because a token can still have limited supply, while not being a promising investment. We have to keep in mind that scammers are also aware about supply and demand law, so why wouldn't they launch a scarce investment aiming to use this characteristic as marketing element to lure new investors into their scheme?

Not really! In crypto, it's totally depend on how valuable the project is. I tell you a token like PYR, which is a gaming token have only 50 million supply, but it's trading less than $1. Meanwhile, a coin called SUI has 10B supply, and each SUI trading for $2 each. In the end, the thing that really matter is how big or small the demand. It's not about how big or small the supply.

The total supply of a project has nothing to do with the external growth if the team is ready to shake the market and make it trend like other similar projects. The supply of doge coin is in billions and that does not have any effect on the project. Just like we have Bitcoin, doge coin is the father of memecoins which must have been responsible for the reason why most memecoins have so many zeros. You can choose to give any total supply to your project depending on the amounts of funds raised to shoot the price.

It looks like you are still new to crypto or tokens in general. If not, you are just trying to spread your false narrative here. One of the most important things to a coin/token is interest from the community brought about by it's benifits or utility advantages. You can have a very small supply of your coins or tokens but if there is no interest, they might as well be worth zero dollars.

While supply can be someone's preference and it's better if they have less of it to make the value of the coin more expensive. But to tell you that, supply nowadays is not everything for the new projects. Of course most of these projects have taken the idea from bitcoin that has a limited supply but it only works for it and for the few others. What matters now are real use cases that everyone can see that these projects are serious and they have a working product. Nonetheless, they are just an addition useless coin in the market.

Unit bias exist but some newbie don't really care about total supply or the retailer in general. They seem to care more about the price for each coin and if the price have many decimals they have perception that it's cheap. For the more experienced trader and investor though, total supply and tokenomics is like one of the most important factor to judge a project. The scarcity perception based on total supply only works with big coin like bitcoin. People usually judge with fully diluted valuation.

This is an oversimplification and I wouldn't call it bias. Shitcoins and shittokens perform differently since they are useless and rely on being pumped and dumped. In order to be pumped, they need an experienced pumping team behind it or a pumping aka scammer team picking it up and pumping it. In that case the effect of its total supply becomes minimal and unless it is something crazy (like having 42 coins in total) the final effect on the price can be ignored. At the end of the day people are making bets on the price of these useless things, and if the "gambling" gets heated enough, the price of it can go higher and if gamblers don't pay it enough attention, its price won't go up at all.

Those who choose to risk on it should be prepared for the consequences on the long run, they're called (shitcoins) for a reason cause regardless of the supply whether low or high they'll definitely be manipulated by the owners when they want to.  you're right afterall cause they're just like a gamble and the owner are on the better edge of gaining than people who investinvest on them so whoever is willing to take the risk on such coins either for experiment or gains should think twice or better still invest with a spare cash cause shitcoins ain't Bitcoin afterall regardless of whatever supply they'll definitely be manipulated (pumped and dumped).