Topic: Concentrate more on the technology and give less attention to price value. - page 3. (Read 659 times)
October 13, 2019, 05:45:03 AM
You are right and have a good point. We don't need to rush. We need to focus and learn about the project and it's function. But in reality we are investing to earn and not for any reason. We can say that using crypto in payment or in other way is just a bonus and the main reason is to earn profit. Don't be sarcastic we are all here to earn and we want it on short period of time if possible.
October 13, 2019, 05:28:57 AM
Let your concentration be on projects with working products, they always have real use cases, there will be demand and better trading volume on exchanges, i decide to stop promoting projects that have no real working products to back the project up because they will fail
good job but sometimes its still hard to decide if you will join a useful project because those project are simillar to the existing one . i see many projects repeating or only have a light modification compare to the original established projects . in this case better if we research accurately and only choose unique and original projects . i also agree on what the op have said . price does not matter . high or low price both can change in the future .
October 13, 2019, 05:19:11 AM
Let your concentration be on projects with working products, they always have real use cases, there will be demand and better trading volume on exchanges, i decide to stop promoting projects that have no real working products to back the project up because they will fail
October 13, 2019, 05:11:44 AM
Crypto projects should make or break depending on the technology, because they are promoting no other than their own technological product itself. However, it seems to me that projects succeed depending on the hype and marketing and not on the basis of their sound and practical product. You cannot deny it that there are certain projects that are founded on no other than the shills that created the hype. And there are also projects offering promising products but cannot seem to move forward because of the lack of promotion.
October 13, 2019, 05:03:11 AM
Good point, i don't bother myself with present price point but i do make sure i gather good altcoins that have solid use cases for future price surge or bullruns, i won't be surprised if coins that worth ten dollars went up to 1000 dollars, present market price can make you lose good coins
The price of altcoin on the market today is still a lot of cheap and has not experienced a large price surge, including altcoin that has good technology, and for now it could indeed be a good opportunity to collect good altcoins, to seek profits in the months the coming month, but we can't guarantee the certainty. 
October 13, 2019, 04:40:15 AM
I believe in the technology behind Bitcoin, which is blockchain. If Bitcoin would have smart contracts, no other altcoin could compete with it in terms of technology. Atm Ethereum and Stratis are my go to platforms if I want to run smart contracts or sidechains (Stratis). But seeing the steep decline in price of all altcoins in comparison with Bitcoin makes me very reticent to invest in them, while Bitcoin is a perfectly viable solution for storing value.
BUT what I would suggest is not investing in the actual altcoins, but invest in projects/applications that use their technology. I think this is the paradigm shift needed to bring mass adoption and create a healthy tokeconomy.
BUT what I would suggest is not investing in the actual altcoins, but invest in projects/applications that use their technology. I think this is the paradigm shift needed to bring mass adoption and create a healthy tokeconomy.
October 13, 2019, 04:34:28 AM
I agree, the pursuit of profit only makes us plunge into waste projects and lose our money. Investing in projects with good technology and a professional development team will bring about long-term profits for everyone.
The biggest problem here is the majority of people think otherwise, because of the pursuit of a quick profit in short-term many projects struggled and even went down.
I was once believed in this too but it cost me much. It is very early for us to concentrate more on technology if it is not regulated yet.
I would start believing in that again after cryptocurrency gets regulated, the regulation might bring life to a great project(not because of the regulation itself but legalization that might attract common people to help it).
October 13, 2019, 03:50:46 AM
I agree, the pursuit of profit only makes us plunge into waste projects and lose our money. Investing in projects with good technology and a professional development team will bring about long-term profits for everyone.
October 13, 2019, 03:00:03 AM
Good point, i don't bother myself with present price point but i do make sure i gather good altcoins that have solid use cases for future price surge or bullruns, i won't be surprised if coins that worth ten dollars went up to 1000 dollars, present market price can make you lose good coins
October 13, 2019, 02:18:59 AM
I know your point. Investing in a project based on their technology it's a idealism. We can't force someone to have a mind like this. Most of them just care about the profit. And there's no guarantee from the project which you believed in their technology will survive. So back to fundamental rule, this is about idealism.
October 12, 2019, 10:35:17 PM
I think that bounty hunters are even very much guilty on this. They are just concerned about the little profit they get instantly after minutes that the token gets to their wallet. They don't understand that a little patience for a real project would be more profitable.
I do not understand what the fault of the bounty hunter, when they get tokens then they sell it right away?and whether the supply for bounty hunter is so large that it can bring down the project?
Projects that work with tangible results do not require a short time, but at least, their team is trying to keep the project from looking like a dead project. Such attitude will make long-term investors feel comfortable, imo.
October 12, 2019, 08:39:30 PM
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.
Most of the people that were gathered here is hoping to gain some profit that they can either use in their daily needs or for their family so you cannot blame them if they are here because of ROI that they can get from investing in any coins/altcoins.
Yes, you have point about how bitcoin price crawl from it's launch until now but if you are an investor losing some investment is only part of it and gaining profit is another part of it. Risk is always there and almost all of us knows that.
October 12, 2019, 08:12:27 PM
Gone are the days when you can create a coin and people will just jump in and developers and every investor will just make a quick buck, but that's unlikely to happen now, investors are wiser now they know that if you do not have something to offer to the community, it will turn more likely to a pump and dump coin.
October 12, 2019, 07:46:53 PM
Actually a lot of altcoins prove already improvement here like the technology have development for so long like example in Ethereum so this brings so much convenience like very useful and helpful then this turn popular already but the price is very volatile because many users,traders and investors really use this in an investment even very worth it
October 12, 2019, 06:10:03 PM
Basically, a very great number of people coming into Bitcoin are here for the money and not the technology. Bitcoin is now seen as a kind of investment system and not for the technological innovation it carries. People drawn into cryptocurrencies from the huge profits they made from one ICO or the other, as well as market traders don't really care much about the technology.
October 12, 2019, 05:42:44 PM
You have made your point and i agree with you but do remember that every investment whether online or offline is intended for profit so even if im a fan of a prohect and fully support it but i will still be keeping an eye and bothered about its price gain as an investor, this is a basic fact that can not be denied.
October 12, 2019, 04:31:19 PM
How realistic is that. Personally I am in the cryptocurrency space because of its inherent profit potential, yes the tech is great but just like any investment I expect to see returns on investing in any technology.
October 12, 2019, 04:25:49 PM
Especially if you are a hodler/investor, the fundamentals and the tech is far more relevant then the current price action. To trader fundamentals don't apply because they can trade literally anything that is in the markets and has a pulse
October 12, 2019, 04:19:07 PM
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.
The problem lies on how cryptocurrency were introduced to them. Most of them don't have any idea what they are really investing and just the thought of get rich scheme due to those person who advertise the project. I have seen several people of some company and start up who hyped investors just to make them invest to the project they are promoting. They never tackle anything about the technology or whatsoever, they will just sit and have talk about dreams, financial freedom and investments and its profit.
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.
I think most of the investors that were left during the Bitcoin and altcoin crash have matured and become wiser. We can see it on the price reaction at the market during an event announcement or event launch. People now are somehow immune to fud and hype.
October 12, 2019, 03:39:48 PM
Let's face it: even though most altcoins are rehashed versions of previous altcoins, there are still some interesting developments that it has made for the past years. Just for example, privacy coins, smart contracts etc. Those were not deemed as something that's necessary for cryptocurrencies but we're s till making use of them in ETH, Monero, Dark and the likes today. These exceptional coins gave rise to some useful tech that we are taking advantage today, but sadly though most people still see these as get-rich-quick vehicles due to the massive pumps and dumps these coins are being a part of due to countless rich lads who have nothing to do with their money but still wants to get more.
Jump to: