Topic: Are old coins no more profitable - page 39. (Read 6041 times)

profitability does not depend on how old or new the coin is , rather profitability only depend on how the coin was built . let say if the coin was built to become a good at a certain service then there a high posibility that this coin can become indemand and that will result for its value to grow .

 speaking of old coins like bitcoin and etherium , well these old coins are still profitable even though their current value these days are still crucial . yet , there are still old coins that are not profitable at all .

Ok. If youre referring to altcoin not bitcoin and of which all know nothing is promise forever. However, what i understand about altcoin is that they were created because of the appreciation and the love the altcoin owners have for the block chain network. What make you say altcoin are created to pumped and dumped?

The most old coins are bitcoins then etherium and then others and from last past moth rate of decrements is price of etherium is drastic and it will take a long time now to gain its past worth. New coins may be profitable may give you loss too.

If your only in this for 'profit', then you probably have the game all wrong!

Yes the coin market cap top 200 has changed considerably within the last year...

Most real and genuine alternative crypto currency projects (some with massive potential) have been seemingly displaced, forgotten or abandoned over equally or more 'worthless' tokenization i.e. similar to derivatives in financial markets.

- https://en.wikipedia.org/wiki/Tokenization_(data_security)

..."The concept of tokenization, as adopted by the industry today, has existed since the first currency systems emerged centuries ago as a means to reduce risk in handling high value financial instruments by replacing them with surrogate equivalents."...

- https://en.wikipedia.org/wiki/Derivative_(finance)

..."In finance, a derivative is a contract that derives its value from the performance of an underlying entity." ...

So, now that the 'industry' has largely replaced long-term intrinsic value (proven in Bitcoin code), with short-term 'greed' i.e. tokenization and derivatives - how can we expect to truly leverage that original value or worth?

...

Between 2013 and 2017 I spent a lot of my time on this forum in the Altcoin boards - for good reason.

In one of my posts (which I will search for and {link here}) I stated that Bitcoin's value was now effectively backed by Pizza, Haircuts and Alt. coins.

In another post I also stated that most of these altcoin crypto currencies (bitcoin clones) would simply eventually disappear.

...

Avoid eventual de-tokenization and re-focus on what actually builds intrinsic value in the markets you are looking to 'profit' from.

Here is the original bitcoin.org website:
- https://web.archive.org/web/20100327210623/http://www.bitcoin.org:80/faq

..."What is Bitcoin’s value backed by?

Bitcoin is valued for the things it can be exchanged to, just like all the traditional paper currencies are.

When the first user publicly announces that he will make a pizza for anyone who gives him enough Bitcoins, then he can use Bitcoins as payment to some extent - as much as people want pizza and trust his announcement. A pizza-eating hairdresser who trusts him as a friend might then announce that she starts accepting Bitcoins as payment for fancy haircuts, and the value of the Bitcoin would be higher - now it would be backed by pizzas ''and'' haircuts. When Bitcoins have become accepted widely enough, he could retire from his pizza business and still be able to use his Bitcoin-savings.

Currently, Bitcoin is in beta development stage, and some new features need to be implemented before the system is well suited for real use. The system already works on the basic level, though, and you can trade with it if you want to."...

That was probably written by Satoshi (or with his input), and yes whilst Bitcoin had to start somewhere ... do you see any mention of tokenization or derivatives in 'fake' financial markets. None whatsoever - just real world examples of actual 'local' currency being used buy people and businesses.

'We' have lost our way ...

The world's elite and the bankster's are asserting and utilizing (effectively stealing) Blockchain technology to their own ends ...

'Criminals' are continuing to create fake ICO's and 'SCAM's' for folks to 'invest' in ...

So, please continue to sell them your Digital Gold in exchange for representative Plastic Buttons and I will see you at The Restaurant at the End of the Universe.

*This post does not constitute financial advice whatsoever*

In my opinion, all the coins are profitable what else is cryptocurrency. Especially bitcoin is a very profitable coin, bitcoin can help us in the economic field.

Definitely not the best for investment right now, but you can definitely still make a decent profit on some of the green runs, they don't come around too often because alts are getting hit quite hard right now, but there's definitely chances out there if you keep tracking the top 100 coins, you'll see a few jump up 10-30% per day, you just need to keep at it until you get a good one.

it seems to me that the old coins can still grow in price just now many coins are suppressed on the market I think with the growth of bitcoin other coins will also grow in price

old altcoins are in the dip, therefrore you cant get any profits on this, but it is not mean that this will take for long, after this bear markets all things will back to normal, all altcoins in top #200 list are proven profitable before, meaning after this year all altcoins will pump together with bitcoin.

That is not the case at all, not all old coins seems non profitable and they are still doing their best on the market. Currently so called high ranked coins are struglling and that means the little ones will also have some hitches. But things will be well.

I think the old coin project that has begun to show its existence is a project whose platform has begun to be applied, or maybe the burning period has begun

Probably when market will rise, old coins will gain their value again but I don't think that some of old coins will impact to future with some solid evolments. 

Every single coin can be profitable. It's a matter of news and the overall market situation. It doesn't matter when did this coin appear and what place on coinmarketcap does it have.

I surely think that is not the case of old coin not being profitable but as we see the competitive among coins and those with rnovative team developmentwould always work hard to maintain their slot however, due to fluctuation and volatility of prices i surely see that anything will be possible but not necessary means old coin are not profitable.

Mate as other coins are trending in the market it doesn't mean that Old coins are not profitable, yes they might be growing slowly but they will not easily lose their economy. lets hope for the best.

I don't think so that old coins are more profitable, but to my own perspective the old coins are still profitable i think we can use it but not all the time their selected that we can use old coins, and even its a old coins but we still earn from it because old coins are still very much profitable.

I think they are still profitable since they have proven its worth to stay in the coinmarket capitalization..i also think that the developers were finding ways to improve their project creation to make their investors to trust more on the token or coins that they're taking risk of.

Old coins are still useful and it should be treasured. But in terms of profitable, i think old coins are no more profitable since there are new coins existing. The new coins replace the old one which are more profitable than the old one.

Some old coins that are open source can continue development via volunteer community members. The ones that are closed source have to rely on the coin price or ico slush fund to continue development. If those are limited then expect it to fall down the ranks

Old coins are still more profitable but not generally in my opionion because they are more reliable than newer coins. They also have experienced developers and teams to overcome every new obstacle in the blockchain space. Coins are built with different ideas to solve existing problems.

In a way, that is true and i agree. For example,no we are hoping the market improves so we can get bitcoins price up.