Topic: Concentrate more on the technology and give less attention to price value. (Read 659 times)
April 21, 2020, 02:37:55 AM
90% of investors are here in crypto space because of the financial freedom part of it, they want to make quick returns as fast as possible, only 10% of investors invest because of technology
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April 21, 2020, 02:34:17 AM
I used to invest as a technology lover, but everything seemed to be against me. I hold and everyone sell off, even for ETH and the alts have great technology. I know that investing in technology will bring a lot of value to our market, but it seems we alone do it. and when going against the crowd, we will pay a heavy price.
That's probably because you invested when that particular coin is been hyped and price is skyrocketing so you think your investing because of the technology that project has to offer meanwhile you're just chasing after the profit that project can bring. ETH was over price so was most other alts during the 2017 bull market. In situations like that, you should turn into a trader or take short term profit. When you invest in a project under development without any visible product and give the excuse of investing because of the technology that's not wiseness sincyyoureq blindly entrusting your funds to a project that has no guarantee of succeeding.
The industry is a very competitive and there are tons of project you can invest in with technology as backing. Technology only shouldn't be the only criteria but it should be consider just as I highlighted in the main OP.
April 21, 2020, 01:23:49 AM
Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.
Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
April 21, 2020, 12:02:05 AM
It is true that the technology of the coin is more important than the price of the coin in the market.
But first, we need to know the project whether it is really a legit project or scam project.
Scam project with advance tech on their whitepaper is only wasting time.
But first, we need to know the project whether it is really a legit project or scam project.
Scam project with advance tech on their whitepaper is only wasting time.
December 23, 2019, 11:42:51 AM
Technology and idea are the core thing of any crypto project. But nowadays traders are only focusing on price just to get quick riches overnight. I think crypto projects are like other projects like stock market where it takes longer time for any project to flourish and grow. Crypto project with good technology and idea will get its price increase over time.
December 23, 2019, 10:26:06 AM
most of the project team is doing this, which is busy with the development of technology, especially on the blockchain, which in fact there is no significant change and is almost the same between the development of one project with another. when they are busy with it, they don't pay attention to what's more important to their tokens, namely liquidity, volume and market cap. whereas the important thing for tokens is the first time you register on a market exchange, the value can be pumped directly to get a good volume, or it will have no value at all.
December 23, 2019, 10:11:36 AM
I agree with you, every day we only discuss prices, prices and prices. Very rarely does it talk about how to apply its benefits to everyday life, even though it is a way for crypto to be used by everyone.
Every day only prices are discussed, as if bitcoin or other altcoins can only be called commodities. People forget what technology makes it, forget what benefits we can take.
Every day only prices are discussed, as if bitcoin or other altcoins can only be called commodities. People forget what technology makes it, forget what benefits we can take.
December 23, 2019, 09:19:04 AM
OP makes a very good 👍point, people this days cares more about how much they can make instantly, they don't like waiting around for too long, I am more into what a project have in disposal, if good enough they can turn big in future, I care about the future than now
From what i see, people in past and now is different. Because there are a lot of investor who come from money game too. I mean when ponzi scheme really popular, a lot of investor jump into crypto and some of them are think about short profit. Honestly, in past usually i am only trade and rarely to see condition of altcoin project in this forum, so i am not know about altcoin investor in past. Only see what happen now, investor will ask developer to listed in exchange, pump and then they sell their coin which bought from ICO and then change to other project. December 23, 2019, 09:03:23 AM
yup right, but many in this forum misunderstand about altcoin they don't care about developments just thinking about prices, if prices fall they say it's a scam. whereas if you look at crypto technology is very good for a faster and safer industrial development. I in this forum remain loyal to support the existence of bitcoin or altcoin not because of value.
December 23, 2019, 08:53:28 AM
OP makes a very good 👍point, people this days cares more about how much they can make instantly, they don't like waiting around for too long, I am more into what a project have in disposal, if good enough they can turn big in future, I care about the future than now
December 23, 2019, 08:32:13 AM
But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible. 
IOTA still has a ROI of 9000%, you can try to check it on Coinmartecap. Indeed, if viewed from the price at ATH yesterday, IOTA has gone too far, but IOTA still has great potential to repeat it again, if you believe in the technology, also prices will follow. December 23, 2019, 08:31:27 AM
It is a good idea to concentrate on technology and its future achievements instead of focusing only on its price at the moment. But price plays a significant role when it comes to the importance of coins for investors. In general, investors look to current price and act accordingly while investing. So price is also important.
December 23, 2019, 08:16:31 AM
But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.
The thread was to focus on the technology but to answer your question. Although, all crypto in the market dump at least 75% price of there previous ATH price but there some certain thing (miners and community support level not system upgrading, partnership etc) ones needs to consider before choosing coin which i believe was the reason why IOTA was among the coin that dump 96%.IOTA is Internet of Things project which was built on zero fees, scalability, almost instant transactions etc. So you can't expect such project to yield good return for investors cause it somehow like a voluntary project.
December 23, 2019, 08:01:36 AM
But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.
Why compare to the ATH? If you compare the coins to their ATH prices then you will see that they are all losing so much value. Even Bitcoin and Ethereum are losing big value if you are going to base your perspective from their ATH. This is not about technology anymore. The crypto market is really overbought the last time.
December 23, 2019, 07:57:03 AM
But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.
December 23, 2019, 07:35:04 AM
This is how investors' mind set when investing in a project, however, the problem is mojority of investors in crypto is not really into the technological part of it, but in the financial opportunity that it brings. We cannot blame people since each has their own reasons for supporting and leaving a project. In time, I believe investors will be wiser when choosing which project will they support as time goes by people will learn how important cryptocurrency as part of our system and daily life.
Many investors really just do it for the potential income regardless what is the nature of the project nor they believe that the crypto will be useful in building up the industry of all cryptocurrencies. There were some projects before that have a good objectives in helping shape the society with the help of blockchain technology but very few of them survive until now. In the future, I do hope that there would be such projects that will succeed in pursuing the revolution through blockchain for the betterment of the society.
December 02, 2019, 04:22:40 AM
The Altcoin industry has made the timeframe for ROI so short that everyone now sees it as a quick money making industry or scheme which shouldn't be the case. If you have read the history of bitcoin you would understand it took bitcoin quite sometime to start yielding profits and it too it almost 10 years to record its massive success in regards to price value but yet enthusiast didn't loss hope in the technology and that's what happens when you invest because of the technology and not just for the price gain of the project.
If you're just chasing the price gain when investing in an altcoins you would definitely ended up regretting your investment choice. If our focus were channelled more towards investing in the technology behind a project then scammers wouldn't have had recorded huge success when trying to scam us but since we're more concerned about the price value we easily become preys as the scammers profit from our greediness.
Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.
Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
If you're just chasing the price gain when investing in an altcoins you would definitely ended up regretting your investment choice. If our focus were channelled more towards investing in the technology behind a project then scammers wouldn't have had recorded huge success when trying to scam us but since we're more concerned about the price value we easily become preys as the scammers profit from our greediness.
Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.
Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
Couldn't agree more. People forget about the roadmap and focus on those $, while at the end of the day its all connected to eachother. good technology + good vision = great results.
A lot of talk about alts are dead, alts are over. never understood that. If there is a new project with good technology it could be the next big thing.
December 02, 2019, 02:04:28 AM
OP point makes lotta sense, investors nowadays are the ones rushing project teams to do this and that for price gains, they expected things to be that easy which is impossible, the fact is not everyone is fit to be a crypto investors because most people want quick gains
October 14, 2019, 12:32:03 PM
This you said here should actually be the right approach for any investors, but we all look at the price than the way we look at the technology, but when looking at the technology, we have to make sure that the technology we are looking at is also the one we understand more and also believe that it is very useful to people in the future.
There are two categories of investors now, the ones that would buy during ICO, and the one that will buy after ICO, the one buying during ICO may even find it difficult to really judge by the technology since it has not been released for them to test it except based on the whitepaper that they have, but for those who buys after they have entered an exchange, I think they have no excuse to actually not go with technology instead.
There are two categories of investors now, the ones that would buy during ICO, and the one that will buy after ICO, the one buying during ICO may even find it difficult to really judge by the technology since it has not been released for them to test it except based on the whitepaper that they have, but for those who buys after they have entered an exchange, I think they have no excuse to actually not go with technology instead.
October 14, 2019, 08:57:31 AM
That is the main reason for the decline in crypto prices. Most people only focus on profits and in a short time, they forget the main purpose of investing because the project has hope in the future, and not just for short profits.
but this is very difficult to avoid because the trends in crypto are like that. Most people only buy and sell, although not all of them.
but this is very difficult to avoid because the trends in crypto are like that. Most people only buy and sell, although not all of them.
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