Buying old coins: Is it worth it? - page 6.

Yamifoud

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Activity: 2828

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almost most of the old coins suddenly appeared and hype in the crypto market. even I observed the coins were projects in the past like mid-2019 to 2020. there are many coins of them experiencing an increase in this year. Legitimate projects certainly take a long time to show their existence in the crypto market, if you know about a coin hype then you will find the answer yourself.

I'd never agreed that legit projects will take time to show, no, they will surely make pump if they have the potentials and even no hypes happened unlike with the new projects.
Well, buying olds coins have the advantage as it was considered for long-term investment but have to be sure that old coins are not dead coins.
But for me, I'd never think about old or new coins, what is most important is that we are confident that we are investing the right and promising coin, not shitcoins.

carrigan

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Activity: 728

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I think that the old coins belong to Bitcoin, Ethereum, Litecoin, XRP, and others. And yeah, If the old coins are at least at the top 100, I will still buy it.
So far, I am not a good and professional trader, only trading based on the daily chart and cannot do certain TA. So, I only use certain coins that are in the top ten. Or, the coins that are popular on reputable exchanges.

Ziskinberg

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Quote from: Viscore on July 04, 2021, 05:17:24 PM

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If you really want to invest in old coins better choose the top coins in the market. these coins are still worth investing in and keeping for a long time.
Nowadays a lot of shitcoins and useless coins are being created, which have no value in the market but people still invest in these coins and suffer losses. I'm confused why people don't invest in strong projects.

People this time are more skeptical i think so they can't just focus on one decision and stick to those not really important. Most of the new coins that have been arising in the market today are really low in potentials to survive long in the market and their utility case is not that strong compared to the old and legend ones in the market.

I do believe old coins are even worth the investment compared to the new coins today. People might forget them especially for new investors but the fact that they are more well developed and more profitable make them worth the money and time this time.

Yeah, it is a short-term pump and most of them have no potentials to stay in the market for a long-time. But as the market changes in direction, many investors take that opportunity rather than wasting their time holding old coins that are not able to give them decent returns. If you are just a short-term investor, this is suited for you, yet, it is too risky and we need to analyze first before buying because once the hypes are over, it really hard or it is possible that it never pumps again.

Viscore

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If you really want to invest in old coins better choose the top coins in the market. these coins are still worth investing in and keeping for a long time.
Nowadays a lot of shitcoins and useless coins are being created, which have no value in the market but people still invest in these coins and suffer losses. I'm confused why people don't invest in strong projects.

People this time are more skeptical i think so they can't just focus on one decision and stick to those not really important. Most of the new coins that have been arising in the market today are really low in potentials to survive long in the market and their utility case is not that strong compared to the old and legend ones in the market.

I do believe old coins are even worth the investment compared to the new coins today. People might forget them especially for new investors but the fact that they are more well developed and more profitable make them worth the money and time this time.

aditasetia123

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Activity: 464

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only good project are worth to buy and hold in our bag, some old coins now be major project in top 100 coinmarketcap and they could survive due project developtment , but some of them die and have no developtment at all. the lastest coin type need to avoided in order we lose our money if investors start selling their token.

sapnu

sr. member

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Quote from: Abiky on June 11, 2021, 10:40:30 AM

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

Lately, it has been the rise of old coins and Axie is one of those that has been very successful so far. There is nothing wrong or stupid about buying old coins as long as it can still become valuable over time. When it comes to Axie, the price or the value of it has been increasing a lot lately considering the sudden massive growth of the players. This might open up the chance for other NFT's to arise as long as their ways would be like Axie wherein legitimacy is guaranteed and you would really make profit as time passes by. Who knows what other NFT's will be successful in the future so watch out so you can benefit from it always.

Alert31

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Trident Protocol | Simple «buy-hold-earn» system!

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I think old coins is no longer worth buying, because old coins are very behind, investors are now interested in the technological development of new coins, so I think buying old coins is very risky

I think, depends on a kind of old coins. Old coins that already exist more than ten years together with bitcoin is still worth to invest as long as there is a huge demand on it and there is a continues development of the project which is that it will not be left with new coins. Actually old coins are more reliable and trusted than a new one.

Fredomago

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Quote from: cunguks on July 04, 2021, 09:40:24 AM

it is precisely the current situation of old coins that will have the potential to increase in price. although new coins sometimes have an interesting hype, the market for new coins is not as strong as the old coins. the hype will quickly dissipate and it's just a matter of correction.

but seeing the newly selected coins is also important. because not all new coins we can control. Good analysis of the market and community is very important. because in the current state of the market almost all new coins get upgrades. but we can look for the best.
I suggest focusing on BNB and ETH, they will provide interesting long-term benefits for you.

You need to have your deeper assessments before taking your steps, there's always good and bad sides for this matter, buying old coins that don't have any progress will risk your money, if there's no movement and there's no updates from the developers, staying away is the best thing to do.

With your suggestion, I agree that this two old and working coins are good for long-term investment, the potentials are high not even the value already risen but the chance to see more is very possible, with those working platforms and community appreciations this two coins still have big room to grow.

Tervelatuk

member

Activity: 636

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we should not careless when decided buying old coins in market, make sure this project still have active developtment and also already create product which is have utility in ecosystem. If this condition didnt met at all, maybe we have to research and move to another projects that have this points. Some old coins could not survive anymore due some condition , maybe they failed in product developtment or have no fund to continue their operation.

indo1

sr. member

Activity: 1904

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worth it, because old coins have strong fundamentals, sometimes some of the old coins also follow the trend currents like DeFi, we see like bnb, sole, ftm and some other coins trying to remodel to the DeFi platform. it's very interesting, and worth buying.

cunguks

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it is precisely the current situation of old coins that will have the potential to increase in price. although new coins sometimes have an interesting hype, the market for new coins is not as strong as the old coins. the hype will quickly dissipate and it's just a matter of correction.

but seeing the newly selected coins is also important. because not all new coins we can control. Good analysis of the market and community is very important. because in the current state of the market almost all new coins get upgrades. but we can look for the best.
I suggest focusing on BNB and ETH, they will provide interesting long-term benefits for you.

Handsome Boy

copper member

Activity: 812

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I ❤ ₿itcoin and Ethereum

Of course buying old coins is very worth it, but depending on what coin you buy, because not all old coins can give you profit, therefore I suggest you to invest in old coins that have functions, so the price can continue to increase and give you a lot of profit, therefore I recommend you to invest in Ethereum, because in my opinion Ethereum is an old coin that is very worth it to be an investment, so you can get a lot of profit from investing in Ethereum.

clarkt

full member

Activity: 658

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Old coin could have a wonderful feel about it, been part of old technology and the faect that it is still around is cool and classic. however, the value of oldies in the cryptocurrency market will have to correspond with it's perceived utilities and it's community backing and participation. Buying old coin with criteria mentioned is definitely worth it!

indrakusumaindra

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Activity: 728

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Quote from: Abiky on June 11, 2021, 10:40:30 AM

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

I do hold old coins and i think its definetly worth it, you may look at unibright , unibright has a strong fudamental and i been hold it since 2018 and its just getting started for adoption. Unibright right now working with so many big company such as coca cola and servicenow and they are not in POC instead they are in productive and pilot. its good project and there is a lot old coins that are still good such as quant and matic also ETH.

BaeSuzy

full member

Activity: 854

Merit: 100

I think buying old coins is still profitable and still good for us to hold for long term investment, especially for coins that have clear/real products and services, such as XRP, Cardano and many other top coins in coinmarketcap.

cryp24x

sr. member

Activity: 1190

Merit: 253

For me buying old coins now is worth to buy, the best thing we can do is make a research first about in which coins
that are top in the market. Where there is a potentials to increase in the future. Those coin I can give an example are
Cake, Uniswap, Bnb, Matic, Solana, Ada, and of course Bitcoin still number one.

KryptoKings

hero member

Activity: 854

Merit: 506

Absolutely correct, along the line people wants profits so i guess those are major reason and most of the project like "DeFi, NFT and rest has really taken dominance over the old coin they new coin are mostly hype investors rushed over it.

viananda2525

full member

Activity: 1130

Merit: 133

buying old coins which is outside top 100 coinmarketcap will need deep research to find the potency and opportunity. we must check did the roadmap could running well and MVP delivered to investors and have usecase in ecosystem. if we their ecosystem builded well and investors glad with this developtment , in my opinion its worthed to add in our portofolio. remember we must invest in project which is have utility and ecosystem growth well.

CaptainDeFi

newbie

Activity: 114

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absolutely bought CRPT crypterium.om/crpt

radjie

sr. member

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many old coins were abandoned by their investors because they could not increase their price significantly. lately there have been several newly launched coins but their popularity is growing rapidly because they are able to include influencer support so that they can be in the public spotlight and quickly increase their trading volume so they can beat the existing old coins
Therefore, if you still feel sure you want to make a purchase on old coins, you should choose a type of coin that is quite popular and is able to enter the top 20 on coinmarketcap

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