A coin that solves a problem won't die - page 2.

Pinkris128

sr. member

Activity: 812

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Quote from: Ken_terrance on November 26, 2019, 07:17:42 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

Relevance is one of the keys for the coin's survival. As long as the coin is useful for many and meets what it promised, it will surely succeed and has greater chances to expand more in the industry. Likely, this world has many problems to be solved that we indeed need more than one coin for it.

[email protected]

member

Activity: 645

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You're absolutely right. One coin will not solve all the problems and as soon as there are new coins that will be really useful to society, they will be successful. That's for sure. I believe that we are moving towards this. Over time, useless altcoins will simply disappear and only the necessary ones will remain.

jajorforce

full member

Activity: 399

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Quote from: Ken_terrance on November 26, 2019, 07:17:42 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

Some token are following Binance path, one coin but using case two with others plans. But still some coin are dying. Did you hear about Cco very dump coin but still investors have strong trust. As your rules Binance coin has real use case and several service, Now BNB has Binance USD.

Perfect35

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Activity: 854

Merit: 10

It is not just about solving problem, but also what type of problem is it solving. I gave seen a lot of projects that claim to solve problem, yet they end up failing. Some even go as far as taking money from investors and then a nuptial flight, with outright disappearance. Well, @OP, you are right, however, we still need to get careful.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: TopTort777 on November 28, 2019, 03:52:54 PM

What problem does dogecoin solves? Cheesy

Coin is in #30 in coinmarketcap and not even looking to die, even though wikipedia describes it as a joke coin.

It solves a problem of people who lack sense of humor Cheesy

Dogecoin is a meme coin made to make fun of pumps and hype and it was expected to be worthless but the community just won't let it die. To prove a point maybne? I don't know.

99% of coins don't solve any real problems. Like casino coins. You can use any other crypto in a casino why would you choose a special coin to bet with or to buy computer games with?

Chuky92

copper member

Activity: 966

Merit: 5

This is the truth most people are yet to know or already know but chose not to follow it because they are only after immediate profit anticipated from a project and nothing more. It's high time we start understanding this and thus giving high reference to these types of projects. An example is BTC or ETH, both are the most valued coins because they have an issue they are solving, and anyone holding them hardly panics unlike others with no use case.

dataispower

sr. member

Activity: 1330

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Quote from: Kvalentine on November 28, 2019, 07:26:04 AM

All top 10 coins on coinmarketcap have high rating because they are solving real problems but we need more, most new projects of today have good ideas of what they can solve but the teams have other bad intent and they never live up to their promises, mass adoption is what i personally hope for, its the only way that this blockchain of a thing will become part of our daily lifes

Blockchain technology is already paving way in many sectors, even though crypto is yet to be adopted mainstream. I really like a point you made about some new projects having good project aim but some team members have bad intentions. This is true because most team members nowadays will give up on the project when they meet their target and cash out. If these projects continue in this manner, the farther away crypto adoption in real life will be.

TopTort777

legendary

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What problem does dogecoin solves? Cheesy

Coin is in #30 in coinmarketcap and not even looking to die, even though wikipedia describes it as a joke coin.

Rcoinmoon

jr. member

Activity: 114

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The Decentralized TCP/IP Internet Protocol

Typical example of such coin is bitcoin and Ethereum, and for me I think if you take out every other coin those two will stand and represent.

safem

jr. member

Activity: 454

Merit: 1

Majority of the coins in crypto that have great beneficial potential are usually with long lasting value. These particular coins are normally with long term project plan. Investors that understand the rate at which such coins will benefit them will give it all it takes to invest into such coins. The value of such beneficial coin will keep rising as time progresses. Not all coins are greatly beneficial to investors except for few ones which may be far fetched. Any investor that wants highly beneficial coin to invest into should carefully search for it. Such coins that have great potential to immensely profit the investors should be kept for long term hold as the price value increase is possible as each day goes by.

DeathProxy

sr. member

Activity: 756

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World's First Crowd Owned Cryptocurrency Exchange

You have made a very valid point. It all boils down to usecase, overtime i have discovered that coin with usecase awlays stand the test of time, even in a serious bear market coin with usecase tends to bounce back after a heavy dump, unlike those coins that are without usecase and are only used for pump and dump, they tends to die off easily at the sight of every dump. So for any investor that wants to invest in any token try to buy those with a working product which can stand the test of time

bittick

hero member

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Cryptocasino.com

Quote from: tianglistrik on November 28, 2019, 02:15:34 AM

Quote from: horrifiedx1 on November 28, 2019, 01:40:58 AM

Quote from: joseyphil82 on November 28, 2019, 12:56:07 AM

It thus makes sense to figure out which coins are good for long term or short term hodl, few coins are good but their roadmap will reveal their upcoming plans so for few years things might die down, this type of coins are only good for short term

for coins that do not have real products I think it is difficult to develop in the long run unless they already have a good community, and even then I think it is difficult to develop. therefore choosing a coin that has the potential for the future is very good for the short term or long term, because it is safer

to make a real platform is actually not difficult, you only pay the programmer to make it. but the concept becomes the main right of the real platform, if the concept is made to solve a problem in the community then the project can compete, if not it will be difficult for them to develop.

if you are saying to create a real platofrm is not difficult and there will be no a lot of scam platform these days. You are thinking about you can pay anything and that will go based on your plan but you are very wrong in this case. You must think how to make it survive, how to maintain your platform, how to attract the users and many more.

KillerInk

newbie

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Yes. As we all know the cryptocurrency market is very diverse and there are many good choices. But if there are only one or two coins no matter how big you grow, it probably won't solve many problems.

dadon

legendary

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Pecvniate obedivnt omnia.

We will eventually see money drain from 90% of alts and consolidate in the 10% +/- of project that have actual working infrastructure so make sure your in one of those when it happens.

Whilemost

newbie

Activity: 62

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yes, it is impossible to have one or two coins in the cryptocurrency space because one or two coins cannot solve all the problems because of the current high demand of the market and the need for abundance and abundance. Options for investors.

imstillthebest

full member

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Quote from: Kvalentine on November 28, 2019, 07:26:04 AM

All top 10 coins on coinmarketcap have high rating because they are solving real problems but we need more, most new projects of today have good ideas of what they can solve but the teams have other bad intent and they never live up to their promises, mass adoption is what i personally hope for, its the only way that this blockchain of a thing will become part of our daily lifes

when a coin or a project is too promising ( e.g promise to solve all problems ) it is likely that its scam and not real . there are no such coin as that because even top coins that you saw on the market cap still have a lack on purpose . i agree on the title of this thread . a useful coin wont die becuase it will always get a deman because people need it but bad coins or useless coins are still dying from time to time which is good so that it save's investors from spending thier cash on less valueable coins .

K4C

full member

Activity: 448

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$CYBERCASH METAVERSE

It depends on your definition of dead but if you mean that the token price would not fall, then you need to rethink that, let's take EOS for example, so.many decentralised applications has been built there, infact EOS blockchain has one of the biggest daily transactions of any Blockchain and still, check it's price history and tell me if you notice anything amiss.

Kvalentine

member

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All top 10 coins on coinmarketcap have high rating because they are solving real problems but we need more, most new projects of today have good ideas of what they can solve but the teams have other bad intent and they never live up to their promises, mass adoption is what i personally hope for, its the only way that this blockchain of a thing will become part of our daily lifes

rdewilde

full member

Activity: 925

Merit: 100

Quote from: Ken_terrance on November 26, 2019, 07:17:42 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

A coin that solves issues is what we want, although there are few of them we still want more as they are the type of coins which set this space on the Path of mass adoption. Most coins today are not worth it, nothing to show for, once the hype dies the real colour will be seen. Another issues is that team nowadays only cares for themselves am still trying to find those that will stick to bringing value which in turn will make their platform or project last long term. Coins like Eth, XLM are growing each day despite the nature of the crypto space because they are solving problems.

albrots

sr. member

Activity: 534

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Quote from: joseyphil82 on November 28, 2019, 12:56:07 AM

It thus makes sense to figure out which coins are good for long term or short term hodl, few coins are good but their roadmap will reveal their upcoming plans so for few years things might die down, this type of coins are only good for short term

It is important to see what Roadmap they have is correct and on track. Coins that have many benefits and can solve various problems will be an option, but you also have to look at the whitepaper owned by the coin / project, in the whitepaper will write all the objectives of the project.
You also need to choose which coins you want to hold and the goal is long term or short term.

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