A coin that solves a problem won't die

PuertoLibre

legendary

Activity: 1834

Merit: 1003

Quote from: nicolas1979 on December 02, 2019, 02:39:50 AM

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

Every coins has same change to survive, you're right but I believe every coins solve something and that's why developer launch it as a project. Old strategy is only trading and investing use bitcoin, this is psychology trends leader will stay on top. Unfortunately I already leave crypto market, so I can't use your method but I'll use it next year.

Just focusing on the real problem-solving skills of the team is not a good idea, sooner or later the degradation will hit that project too. The greedy human psychology will force the investor to look for another project after liquidating the invested funds on the first project. And it becomes a loop like in other financial markets. The next year will be interesting to watch due to the overestimated expectations of the investors after the long bear market.

nicolas1979

sr. member

Activity: 826

Merit: 252

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

Every coins has same change to survive, you're right but I believe every coins solve something and that's why developer launch it as a project. Old strategy is only trading and investing use bitcoin, this is psychology trends leader will stay on top. Unfortunately I already leave crypto market, so I can't use your method but I'll use it next year.

Novatech8

member

Activity: 700

Merit: 27

Sovryn - Brings DeFi to Bitcoin

Failure is still bound to happen, if you can take your time to do some research you will see that not all dead projects are bad or aimed to scam investors, few are failed experiments and some just failed for one reason different from scam exit

TanakabZX

member

Activity: 504

Merit: 16

Seriously we can see more coins that will be over hundred that have their own separate things they fixed in crypto world, this doesn't mean we have too much coins, the fact is bitcoin can't do this all alone, its impossible

(o)(o)ilikeboobs(o)(o)

full member

Activity: 826

Merit: 105

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

facebook's libra would be that coin, but goverments take it as a harm for their own economy, but I think they have their excuses.
but, anyway, I think that problem would very hard to solve

ije07

sr. member

Activity: 1414

Merit: 250

Undeads.com - P2E Runner Game

For long-term coins, there are definitely many choices for now such as some coins that have been registered with CMC and they have a rating of 1-100, of course it is very convincing for us to hold for the long term because some coins in the ranking have very little risk for bankruptcy coins.

ololajulo

sr. member

Activity: 2226

Merit: 270

SOL.BIOKRIPT.COM

The space is getting competitive and most project are trying to design products that can thrive among similar projects. This demands for different solution proffered by a coin, with feature of security, tokenomics, roadmap that contain staggered development that attract new investors. A coin that solves problem but not secure, no reliable or discipline team behind it can die. It is quite difficult to see a coin with no problem to solve but they still die

TopTort777

legendary

Activity: 2324

Merit: 1448

Quote from: waitforme on November 29, 2019, 03:31:26 AM

Each cryptocurrency was created to serve a purpose. For bitcoins used to pay etherum is used to deploy smart contracts. Other cryptocurrencies born later have many advantages and are better supported by the programmer but still cannot replace the previously created cryptocurrencies. The problem is user demand, the popularity of that currency. We have too many ideas and overlap each other. Copying ideas of projects will lead to competition.
Currently the majority of cryptocurrencies have held an ICO, IEO is still in the stage of the idea of no real product. The market is in the purification phase. We will have to wait a few more years to see results.

I've already pointed dogecoin. What is the purpose of that coin? What advantages does it have ? (except small transfer fees)

waitforme

full member

Activity: 618

Merit: 100

BBOD The Best Derivatives Exchange

Each cryptocurrency was created to serve a purpose. For bitcoins used to pay etherum is used to deploy smart contracts. Other cryptocurrencies born later have many advantages and are better supported by the programmer but still cannot replace the previously created cryptocurrencies. The problem is user demand, the popularity of that currency. We have too many ideas and overlap each other. Copying ideas of projects will lead to competition.
Currently the majority of cryptocurrencies have held an ICO, IEO is still in the stage of the idea of no real product. The market is in the purification phase. We will have to wait a few more years to see results.

Kvalentine

member

Activity: 504

Merit: 25

With the way things are in crypto space now i think its all about the teams experience, no matter how good the idea of the project is only the team can make it live up to its standards

JC btc

sr. member

Activity: 770

Merit: 253

Quote from: awik p on November 28, 2019, 11:42:10 PM

Quote from: albrots on November 28, 2019, 10:57:13 PM

Quote from: ?? on ??

This is the reason why when there was someone who intend to invest on altcoin I'll give a suggest to choose the coin based on the function. I mean, first time before you spend money see its coin function first not just because there is many people who suggest you an altcoin because in their imagination the altcoin price will high in the future.

Therefore it is necessary to educate the other about the altcoin project which has many real functions and benefits.
But sometimes there are projects that have good benefits, clear goals and vision and mission that has been arranged neatly, but the project was not successful because of poor marketing strategies.

besides the poor marketing strategy, unsupportive market conditions, it makes it difficult to find investors. investors prefer coins that are already circulating in the market and coins that are clear, thus minimizing their risk. and the impact on new projects that are devoid of investors, even if the project is good

What I hate most of the project is that they are only depending their fund to people, they are not investing their own fund, they are just waiting and waiting and relying on marketing team, they don't ask for their connections to get involved with it which means for me that they don't much value their work, that they didn't give everything they can for this, so why will I trust them too.

SabrinaBianka

member

Activity: 633

Merit: 11

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

You are absolutely correct. Every use cases there has a coin for that. And if your coin doesn't use cases today or for the future better to sell it now why the price is good. But real thing we need to do is to know first the valuable thing of the coin that we wanted to hold for more that a year.

aakay

jr. member

Activity: 209

Merit: 1

Totally correct. And this is the concept many projects this days fail to understand.

Jercyhora2

member

Activity: 504

Merit: 23

Epsilon Omega

There are so many coins continue out of nowhere, the important factor that investor should know is what utility use of the coin they hold.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: albrots on November 28, 2019, 10:57:13 PM

Quote from: ?? on ??

This is the reason why when there was someone who intend to invest on altcoin I'll give a suggest to choose the coin based on the function. I mean, first time before you spend money see its coin function first not just because there is many people who suggest you an altcoin because in their imagination the altcoin price will high in the future.

Therefore it is necessary to educate the other about the altcoin project which has many real functions and benefits.
But sometimes there are projects that have good benefits, clear goals and vision and mission that has been arranged neatly, but the project was not successful because of poor marketing strategies.

besides the poor marketing strategy, unsupportive market conditions, it makes it difficult to find investors. investors prefer coins that are already circulating in the market and coins that are clear, thus minimizing their risk. and the impact on new projects that are devoid of investors, even if the project is good

albrots

sr. member

Activity: 535

Merit: 250

Quote from: ?? on ??

This is the reason why when there was someone who intend to invest on altcoin I'll give a suggest to choose the coin based on the function. I mean, first time before you spend money see its coin function first not just because there is many people who suggest you an altcoin because in their imagination the altcoin price will high in the future.

Therefore it is necessary to educate the other about the altcoin project which has many real functions and benefits.
But sometimes there are projects that have good benefits, clear goals and vision and mission that has been arranged neatly, but the project was not successful because of poor marketing strategies.

TastyChillySauce00

legendary

Activity: 2982

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: stephanirain on November 28, 2019, 09:34:15 PM

Aside from being useful to enough number of people to sustain the coin, good advertising strategy also plays a critical role in the survival of the cryptocurrency. The features and function of the crypto would be not useful if the public does not even know it is existing.

That's usually the real problem here and people always forget that recognition by the community means a lot. It doesn't matter if your product is as good as those released by big companies but what's more important is the marketing strategy. You can have the shittiest coin ever existed and if you can get the marketing right people would still use the coin anyway. So in the case of coin, utilization is really important and I can't deny that but so is marketing strategy.

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

As long as they have support, as long as they have usage they will remain in the market, coins become shitcoin or die because they are useless and they do not have a community, this is one of the things that you should look for in a coin before you invest and if you invest on this coin of coin better dump it.

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

Quote from: letyouearn on November 28, 2019, 07:59:06 PM

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

Don't really think this condition is enough here. Things are changing very fast in the modern world, especially when we are talking about IT technologies and crypto market.

Aside from being useful to enough number of people to sustain the coin, good advertising strategy also plays a critical role in the survival of the cryptocurrency. The features and function of the crypto would be not useful if the public does not even know it is existing.

letyouearn

legendary

Activity: 1722

Merit: 1014

Quote from: Ken_terrance on November 26, 2019, 08:17:42 AM

Its impossible to have one or two coins in crypto space because one or two coins can't solve all the problems we have in this world in every aspect of technology or others, if you want to keep a coin for a long time make sure the coin or token solves one or two problems in crypto space or the world, this type of coins don't die easily because they have real use cases, its simple as that

Don't really think this condition is enough here. Things are changing very fast in the modern world, especially when we are talking about IT technologies and crypto market.

Topic: A coin that solves a problem won't die (Read 749 times)