what should I do, while most alcoints are not as stable or even nonexistent? do you have a solution?
What should you do from what perspective? HODL perhaps, or buy more I'd say
Topic: Altcoin business dilemma (Read 106 times)
What should you do from what perspective? HODL perhaps, or buy more I'd say
what should I do, while most alcoints are not as stable or even nonexistent? do you have a solution?
Yes, there should be clear profit sharing strategy when making a token sale. But most of the profit people gain is just by the speculation of coin between people in exchange fulled by different news about activities that largely are not the part of idea. ICO has become a kickstarter with user based speculation.
I've been watching 'The Silicon Valley' lately and there was one plot there that made me think about the market of cryptocurrencies. The plot was about one CEO who had a company which had a cool idea and means of making it real, but instead of developing it, he decided to hire a sales team and adjust the product's idea to what will be easier to sell, what will make the stock price rise.
I think this is the problem we have out here with the market. Initially, a project puts forward some idea and people invest in the project because of that idea. However, what then matters to both 'consumers' (actually, traders and investors) and the team is for the price of the token they made for some product to rise. So it's not about the idea anymore, it's just about making some technical upgrades of the coin, the wallet and some other things that might attract traders.
Thus, the altcoin products are evaluated more for the means of payment than for what is this payment supposed to provide. I think this is a huge problem and a major reason why things are not going too well with cryptocurrencies. Eventually, we invest money in money, not in the ideas and things.
I think this is the problem we have out here with the market. Initially, a project puts forward some idea and people invest in the project because of that idea. However, what then matters to both 'consumers' (actually, traders and investors) and the team is for the price of the token they made for some product to rise. So it's not about the idea anymore, it's just about making some technical upgrades of the coin, the wallet and some other things that might attract traders.
Thus, the altcoin products are evaluated more for the means of payment than for what is this payment supposed to provide. I think this is a huge problem and a major reason why things are not going too well with cryptocurrencies. Eventually, we invest money in money, not in the ideas and things.
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