Danger that awaits few coins - page 3.

d3nz

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Quote from: miklesm on January 08, 2020, 02:28:07 AM

I agree with your opinion, there are too many crypto projects on the market and the majority of them have the same problem - no real use case. They might have cool blockchains, but if they are not being used by real people, such projects are useless.

This one of the main problem of crypto world there is alot of them and no one can stop them from spreading a lot of new altcoin are being created and no use at all. They are just full of promises and that's it is much better to avoid an ICOs since for sure they will just scam the investor.

And we all know that some of the altcoins are being deleted by exchange because they have no volume and just a pump and dump scheme.

miklesm

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I agree with your opinion, there are too many crypto projects on the market and the majority of them have the same problem - no real use case. They might have cool blockchains, but if they are not being used by real people, such projects are useless.

andriarto

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Quote from: ajiz138 on January 08, 2020, 02:11:41 AM

Quote from: Johnyz on January 06, 2020, 07:34:53 AM

A success of coins comes from a successful project no matter how useful if is. BNB and Binance is a great example, BMB didn’t make any difference with other coins and BNB is just a utility coin without a major usage out of Binance and yet, we can see that BNB is still on the top 10 coins and that is because of a good exchange which is the Binance.

Yes you are right, the reason is because it is a mature and successful platform that has made BNB a popular coin today with high prices and volumes. Some exchanges also use utility coins in their platforms, but they are not as successful as BNB.

BNB's proof after the theft is an important reason for investors to believe it. at that time Binance was fully responsible for the loss of its members' funds, and since then binance has become a favorite exchange. and I'm sure more and more are investing in BNB, especially now that it is ranked at the top

ajiz138

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Quote from: Johnyz on January 06, 2020, 07:34:53 AM

A success of coins comes from a successful project no matter how useful if is. BNB and Binance is a great example, BMB didn’t make any difference with other coins and BNB is just a utility coin without a major usage out of Binance and yet, we can see that BNB is still on the top 10 coins and that is because of a good exchange which is the Binance.

Yes you are right, the reason is because it is a mature and successful platform that has made BNB a popular coin today with high prices and volumes. Some exchanges also use utility coins in their platforms, but they are not as successful as BNB.

salad daging

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Bitcoin To The Moon 📈📈📈

Quote from: crossabdd on January 08, 2020, 12:29:41 AM

I focus on your first point, for example BNB. as you said, BNB does only revolve around their exchange. I mean, it is of no use other than their market. but the TEAM and the CEO can maintain that. make BNB stable. in general there are no tokens that have large functions. there is no serious use. there will be no coins / which can be like BTC or ETHEREUM. but I still believe, BNB is better than other coins after ethereum.

it seems that only if binance gives up / goes bankrupt, bnb will also be greatly affected, but actually that is not true. I have always seen how coins can talk a lot in 1-5 years along with the enlargement of user interest to really think of the name of a particular coin for transaction purposes, of course it can be assumed that the bnb utility is equivalent to eth because it is stable with its own network and many coins have been migrate on bep-2 to increase activity on two different networks.

jostorres

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What you are missing out is that BNB has a usecase in only binance and outside its nada but there are thousands of coins that are nada everywhere, that Is why BNB is liked over so many of them.

Look at the coins outside of top 20-30 for example, 99.99% of them have ZERO usecase and the ones that actually claim to have a usecase are not used in volume at all by the community. So, when you look at BNB and all the millions of dollars spent on binance using BNB every single day, many people say "at least this is a utility" and not zero.

You are putting the standard too high for crypto specially BNB, currently even BNB is much much better utility token than almost all others, there are maybe 5-6 coins with better utility which is why BNB is so high. Nobody says BNB is the perfect coin which can be used in 10 different ways, but at least it has something which still beats out almost all others.

crossabdd

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I focus on your first point, for example BNB. as you said, BNB does only revolve around their exchange. I mean, it is of no use other than their market. but the TEAM and the CEO can maintain that. make BNB stable. in general there are no tokens that have large functions. there is no serious use. there will be no coins / which can be like BTC or ETHEREUM. but I still believe, BNB is better than other coins after ethereum.

Ashong Salonga

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Quote from: Javi_Anibarro on January 06, 2020, 03:22:57 AM

Every project has a different goal and industry, you can not expect all of them to make it as a global payment system. Let's say a pharmaceutical token based project, the project is limited only to buy the medicine and in this area. Does that mean, this token is bad? no, because this is what they are aiming for.
Proof of Stake is a consensus, the use case depends on the project itself. Why people love it?
It is because it is cost effective compared to POW in running the blockchain, you can get a passive income from holding it, the majority POS project are faster in term of transaction speed compared to POW.

I agree. Every project do really have different goals and usage for the society. It does not intend that a token from different projects must cater all around use because the token is design for a specific usage. The aim of every project is to promote solutions for societal problems in use of the modern technology which includes the use of blockchain technology in short cryptocurrency tokens. Every tokens have their own real usage which is unique based on the specifications designed by the project creator. So we must not always expect that all tokens can be used beyond their designation. It is because of their main usage why people uses it not just basically by their price due to the fact that they do possess their own purpose of existence.

tambok

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Quote from: Hallmader on January 07, 2020, 09:30:45 PM

Quote from: Raflesia on January 07, 2020, 07:36:33 AM

Quote from: Hallmader on January 06, 2020, 11:08:28 PM

The feeling was heaven at that time. I know of some people who sold some because there was already huge money. I did not because I felt so positive and perhaps greedy. I was thinking there was still some more money in the days and months to come. The prediction of Bitcoin even rose to $25,000. Well, everybody knows how it ended.

Everyone thinks that the price of bitcoin will soon rise to $ 25,000, it makes sense if the price of bitcoin can redeem that price and that will happen if a big pump occurs.
I know this is the beginning of investors starting to move on the exchange to have as much bitcoin as possible to approach halving, why halving is very important because looking at history before prices can soar high with its new ATH.

But the previous halving is also telling us that the rise in price of Bitcoin after halving is not immediate. It will take time. It took months before the price of Bitcoin rose to a significant level after the halving was implemented. I am not saying that what happened in the past is going to happen again in the coming months. It is even possible that the halving that everyone is talking about will not really push the price of Bitcoin up.

Yes so we should not expect too much from the price as it may vary depending on the market from time to time, it may become worst this year, becomes stable or we will experience another bull run again, what matters is that we are ready with every situation we may face this year, choose the right strategy no matter what.

deathcode

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Quote from: libert19 on January 07, 2020, 09:37:57 PM

I agree with your take on bnb token, it doesn't have much use case and is overvalued.

I think the development of BNB is not only in the use of their coins. Their market can move if their blockchain usage also grows. it will build their community stronger. we will see how ethereum grows and I think BNB can do it too.

libert19

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I agree with your take on bnb token, it doesn't have much use case and is overvalued.

Hallmader

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Quote from: Raflesia on January 07, 2020, 07:36:33 AM

Quote from: Hallmader on January 06, 2020, 11:08:28 PM

The feeling was heaven at that time. I know of some people who sold some because there was already huge money. I did not because I felt so positive and perhaps greedy. I was thinking there was still some more money in the days and months to come. The prediction of Bitcoin even rose to $25,000. Well, everybody knows how it ended.

Everyone thinks that the price of bitcoin will soon rise to $ 25,000, it makes sense if the price of bitcoin can redeem that price and that will happen if a big pump occurs.
I know this is the beginning of investors starting to move on the exchange to have as much bitcoin as possible to approach halving, why halving is very important because looking at history before prices can soar high with its new ATH.

But the previous halving is also telling us that the rise in price of Bitcoin after halving is not immediate. It will take time. It took months before the price of Bitcoin rose to a significant level after the halving was implemented. I am not saying that what happened in the past is going to happen again in the coming months. It is even possible that the halving that everyone is talking about will not really push the price of Bitcoin up.

princecharles

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In my opinion, you need to understand that every project cannot have a use case for the entire public. While some are useful for the entire public, just like bitcoin which is a major means of payment, others could be limited to an exchange, just like bnb. The major goal is to be useful. Let's channel it down. Every human being is useful, some persons may be at the helm of affair, piloting World issues, while others national and some more local. Every person cannot be as relevant as president of the United States.

joshy23

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Quote from: OasisDre on January 07, 2020, 08:40:34 AM

Quote from: kaneki007 on January 07, 2020, 08:32:12 AM

Quote from: Kupid002 on January 06, 2020, 09:38:29 PM

Quote from: sorrros on January 06, 2020, 12:41:43 PM

But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future Cheesy

. And we will sell them these altcoins and buy Bitcoin! Cool

No one knows when the next hype will happen or it will happen again. There will be always new investors but i am more affraid for old investors that decided to leave this kind of investment becaause of affraid of loosing more money. It will be harder for them to get back the trust on them to invest again in crypto.

Because ICO has been abandoned by many old investors and new investors realize that in the end they will not invest their money in crypto (like ICO or IEO). But I'm sure there are still many investors who still want to enter the world of crypto investing coins/tokens on 100 top coinmarketcap.

We still have many new investors in crypto space if you don't know, the only thing that stands between real projects and fake projects now are top exchanges like binance and new investors are smart to go for such projects

Most of the time now the basis are the exchange that caters those new projects, while investors are now getting wisers and very choosy with their investments. Just need to protect your money and using good exchange can help you to lessen the risk.

Vishnu.Reang

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The OP made his points very clear. A lot many of the altcoins are like inflated balloons and their current market capitalization represent 10x to 100x of their fair valuations. There can be no better example other than the Binance Token (BNB). That coin doesn't even represent the total worth of Binance exchange. Then how can it have a market capitalization of $2.3 billion?

Ken_terrance

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Making Smart Money Work

Quote from: LuckyBtc on January 06, 2020, 12:55:31 PM

Quote from: sorrros on January 06, 2020, 12:41:43 PM

But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future Cheesy

. And we will sell them these altcoins and buy Bitcoin! Cool

I don't think we'll see similar market as of 2017, A lot of people didn't knew anything about crypto but nowadays people have some idea about crypto. But greed probably will bring them in and mostly top 100 will have the most to gain. Let's hope we have another bull market.

We will definitely see a new ATH better than that of 2017 because the future hype of crypto either bitcoin or altcoin will be better than what we've seen in the past, when many countries start building their coins many new investors will join

Outlander

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I believe that POS-type mining tokens will be the direction of future development. So far, many exchanges have participated in equity-type POS mining and distributed benefits to users, which can attract more user attention.

skeleto88

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Quote from: OasisDre on January 07, 2020, 08:40:34 AM

Quote from: kaneki007 on January 07, 2020, 08:32:12 AM

Quote from: Kupid002 on January 06, 2020, 09:38:29 PM

Quote from: sorrros on January 06, 2020, 12:41:43 PM

But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future Cheesy

. And we will sell them these altcoins and buy Bitcoin! Cool

No one knows when the next hype will happen or it will happen again. There will be always new investors but i am more affraid for old investors that decided to leave this kind of investment becaause of affraid of loosing more money. It will be harder for them to get back the trust on them to invest again in crypto.

Because ICO has been abandoned by many old investors and new investors realize that in the end they will not invest their money in crypto (like ICO or IEO). But I'm sure there are still many investors who still want to enter the world of crypto investing coins/tokens on 100 top coinmarketcap.

We still have many new investors in crypto space if you don't know, the only thing that stands between real projects and fake projects now are top exchanges like binance and new investors are smart to go for such projects

I agree with you there still a lot more coming for us in crypto. Some of the countries are starting just to adopt the blockchain technology as one way to improves, innovates and revolutionize a single platforms using crypto. Once investors see the full potential of blockchain they would not hesitate to go at it and make it a full time habit.

OasisDre

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Quote from: kaneki007 on January 07, 2020, 08:32:12 AM

Quote from: Kupid002 on January 06, 2020, 09:38:29 PM

Quote from: sorrros on January 06, 2020, 12:41:43 PM

But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future Cheesy

. And we will sell them these altcoins and buy Bitcoin! Cool

No one knows when the next hype will happen or it will happen again. There will be always new investors but i am more affraid for old investors that decided to leave this kind of investment becaause of affraid of loosing more money. It will be harder for them to get back the trust on them to invest again in crypto.

Because ICO has been abandoned by many old investors and new investors realize that in the end they will not invest their money in crypto (like ICO or IEO). But I'm sure there are still many investors who still want to enter the world of crypto investing coins/tokens on 100 top coinmarketcap.

We still have many new investors in crypto space if you don't know, the only thing that stands between real projects and fake projects now are top exchanges like binance and new investors are smart to go for such projects

red4slash

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Quote from: kaneki007 on January 07, 2020, 08:32:12 AM

Quote from: Kupid002 on January 06, 2020, 09:38:29 PM

Quote from: sorrros on January 06, 2020, 12:41:43 PM

But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future Cheesy

. And we will sell them these altcoins and buy Bitcoin! Cool

No one knows when the next hype will happen or it will happen again. There will be always new investors but i am more affraid for old investors that decided to leave this kind of investment becaause of affraid of loosing more money. It will be harder for them to get back the trust on them to invest again in crypto.

Because ICO has been abandoned by many old investors and new investors realize that in the end they will not invest their money in crypto (like ICO or IEO). But I'm sure there are still many investors who still want to enter the world of crypto investing coins/tokens on 100 top coinmarketcap.

in investing now it would be better to choose a coin that has a good rating compared to new coins which certainly will risk more. so far investors have started to be more secure in the type of investment they are doing, maybe because a lot of fraud or losses they experienced then they are more careful

Topic: Danger that awaits few coins - page 3. (Read 738 times)