A coin that solves a problem won't die - page 4.

arwin100

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Quote from: bittraffic on November 27, 2019, 12:08:01 AM

Quote from: TheClownSong on November 26, 2019, 11:55:34 PM

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

Coins that are suitable for long-term investment are those that already have a product. By owning a product, a coin or token will continue to be traded in the market, especially if the project is able to make a profit, I think investors will continue to hunt for the token or coin and expect profits from the company.

Seen projects launched their product but token now is dead. Unfortunately there is no guarantee that a coin that solves problem will not really die, its all up to the community supporting the project. For users to support it means it really will have a good impact to them not just because of the price though its one of the factor. I wouldn't use ETH if it drops so much that disappoints me anymore. I would rather be going into ADA that way i'm way getting them for a very low price. What problems does your coin solve may not really be for a long term which is why devs discuss about scalability.

I'm so disappointed with those projects who told that they will be great when there product release and turned out nothing even though they released their product that's why as of now I rather go with stable coins if I want to store safely and without worrying on volatility or just go with the top coins for profitibility. And discussing with devs on what will happen in future is useless since for sure no one of them will tell bad or struggling words since they don't want there supporters get upset on them.

bittraffic

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Quote from: TheClownSong on November 26, 2019, 11:55:34 PM

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

Coins that are suitable for long-term investment are those that already have a product. By owning a product, a coin or token will continue to be traded in the market, especially if the project is able to make a profit, I think investors will continue to hunt for the token or coin and expect profits from the company.

Seen projects launched their product but token now is dead. Unfortunately there is no guarantee that a coin that solves problem will not really die, its all up to the community supporting the project. For users to support it means it really will have a good impact to them not just because of the price though its one of the factor. I wouldn't use ETH if it drops so much that disappoints me anymore. I would rather be going into ADA that way i'm way getting them for a very low price. What problems does your coin solve may not really be for a long term which is why devs discuss about scalability.

TheClownSong

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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

Coins that are suitable for long-term investment are those that already have a product. By owning a product, a coin or token will continue to be traded in the market, especially if the project is able to make a profit, I think investors will continue to hunt for the token or coin and expect profits from the company.

arwin100

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Quote from: Fundamentals Of on November 26, 2019, 09:38:16 PM

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

That is well said. The best way for a coin to survive and in fact grow is to have a product that is based on a particular demand from the public. If a project is creating a product based on their own and does not even reflect the need of the public, however good the product is it will not succeed. Real use cases will make the product in demand and the coin as well.

However we cannot see those existing and although there are few who release a product still struggles for the current market condition and I really think the only thing who can solve the problems are the stable coins since they are the one who's been doing great and can we trust to safe keep for the falling market coming these days. But I really hope there's a company who will step up for crypto scene with huge fundings to truly support there coins to counteract the falling market.

ecnalubma

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Thats how we should measure when we invest in cryptocurrencies it will be very risky if we dont know the nature of the particular coin we invest. Its very challenging nowadays to scout good projects because even if they have use cases it will also a big challenge for companies to increase demand and pump sales.

gabbie2010

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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

This is the beauty and diversity in the use of cryptos this is were research will come into play, So many projects out there are mainly for problem solving however choosing the right coin with a future prospect is the major task, of course bitcoin and ethereum are already established and prosperous coin I would have prefers a coin whose value is at the lowest ebb but with a good project and prospect for investment.

dimonstration

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Dimon69

Quote from: Aabcde on November 26, 2019, 09:29:11 PM

I think not only can it be useful in real cases but it is also supported by a solid team. Because no matter how good the project and how useful the coins are, if the team is not solid it will be impossible for the coins to last for the next 10 years. Don't fall asleep with real use cases because we don't know when they will exit. And the exit is done by the person, not the coin.
So the point is, a team or dev that is solid and far-sighted will survive in the following years.

The support team that focuses on development and does provide ways to still managed to develop their project even the market is falling, we need to see the team being dedicated in their goal for us to invest also and will patiently wait till they recover and supports them.

leowonderful

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Bitcoin FTW!

Not necessarily, though there really isn't one perfect solution for anything in general. Some coins that have solved problems have died off through becoming obsolete over the years for various reasons, or the problems that those coins solved just didn't apply to many people in the first place or only applied to a small number of the population, and plenty more of the top coins and tokens according to Coinmarketcap don't have any real-world problem solving ability, either; Unus Sed Leo from Bitfinex serves mainly just as an investment, yet it's still rated as the #13 coin on CMC and #13 on Coingecko.

Fundamentals Of

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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

That is well said. The best way for a coin to survive and in fact grow is to have a product that is based on a particular demand from the public. If a project is creating a product based on their own and does not even reflect the need of the public, however good the product is it will not succeed. Real use cases will make the product in demand and the coin as well.

TastyChillySauce00

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The problem, there are actually many of project that proposing the idea to solve some problem (well if there's no problem to begin with I'm pretty sure that there'll be no such project) but after they did their ICO or IEO can't really solve the problem as their idea is failed or they have poor execution. The only problem that I can see being solved is remmitances and to act as an online currency which the solution is Bitcoin and you see most of the project that are appearing all about smart contract platform which actually only provide solution to the nonexistent problem after so many being deployed because we don't actually need that much of smart contract platform. There are project that propose to solve problem in medical field, decentralizing the centralized platform including social media but as far as I can see none of them really working out.

Aabcde

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I think not only can it be useful in real cases but it is also supported by a solid team. Because no matter how good the project and how useful the coins are, if the team is not solid it will be impossible for the coins to last for the next 10 years. Don't fall asleep with real use cases because we don't know when they will exit. And the exit is done by the person, not the coin.
So the point is, a team or dev that is solid and far-sighted will survive in the following years.

Henrytrust

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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

It's an absolute fact that a project that solves a problem should stand the test of time, but that's not in all cases, especially in this space where several projects are buried daily due to the inherent risk of the cryptocurrency space. It takes much more effort to withstand the pressure and uncertainty of the market and even when everyone thinks a project is doing well, it could still go down.

Callanta787

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To be honest i personally think that 10 different coins is still very small to solve all problems because there are many different paths that digital currencies can be implemented for humans needs, this is why its good to check out some new coins as well and make sure that they fix a problem before adding them to your portfolio

Mike Mayor

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This is why I will only invest in something with something to show. Promises are not enough. They are empty and people need a hell of a lot more than just an idea and some website or something. It takes much more to make a project. Most of the time I read these Ann threads I ask myself "but where is the project?" Making money is all about solving a problem. Find a problem and then solve it. It seems it is a difficult concept to grasp for these devs. I think they are lazy and it never makes sense to me especially when you see some of the efforts they put into their websites. Of course, it could always be bought I guess.

auntyjmary

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In the near future, when cryptocurrencies gets the necessary backing and support, people would appreciate the real use. Obviously, almost all cryptocurrencies were created to provide some form of solutions to the challenges affecting humanity. That is why blockchain technology came into being, as many projects have been built with various ideas to make things better for everyone.

nutriagrigia

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Quote from: dimox on November 26, 2019, 04:46:13 PM

they will suffer longer than other crypto because of their advantages. but is there some coin still exist because of the team, they can bring and survive in this way. mostly people hold coin because its famous, the famous will be more profitable than crypto that have advantages in real life.

many people now hold some kind of coins in their portfolio because they believe in their future. someone invested in coins in 2018 and now they have very big losses. they just don’t want to sell their shitcoins and therefore they suggest that these coins have a future

dimox

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they will suffer longer than other crypto because of their advantages. but is there some coin still exist because of the team, they can bring and survive in this way. mostly people hold coin because its famous, the famous will be more profitable than crypto that have advantages in real life.

ATSgrowth

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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

And that is the problem, look what makes coin worthy today - exchange listing and hype on social media sites, thats all. No use, no working products and that is not only the problem of small coins, but also coins from top 100 are coins that can´t give you any working solution.

Bananington

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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

Most altcoins have use cases "on whitepaper" which is not applicable in real life. It's true that before deciding to hold coin for long term, it's good to consider the use cases (problems it solves). However, sometimes the market doesn't really work as perceived, I have been holding NPXS because I really liked PUNDIX POS product, but right now the coin has dumped badly over time. Sometimes it takes grace to make profit from long term holding, even with one's research and considerations before investing.

adjed

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I don't agree with this at all, there are good coins out there with very active devs andd developed products but they are dying daily because traders tend to ignore them in exchanges in favour of coins that would give them huge profit in return, the majority of Cryptocurrency enthusiasts especially the ones that tend to invest their money are doing it for the gain and not the technology.

Check for example when the IEO tokensale model was still very hot, some too exchanges launched some IEOs with a brand new social media account, no whitepaper and no team and no real concept and one of the most notable is the Emoji Network (LOL) IEO that was held in Huobi, bit it still sold out within seconds!.

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