So many coins appear all the time but not many of them are successful. Sometimes it's not even clever to beleive everything that is written about some coin because it could be pure promotion.
When making a decision about investing in different altcoins it's important also to check the background and what or who stands behind that coin. Also not just the current status and price but what are the chances to develope and still be interesting for investors in the future.
Topic: Different coins different opinions ! (Read 178 times)
When there are so many coins in the market, and with so many coming up, why do every person differ in there preference and choice of best coin. What factors do all consider??
If you are talking about investing, I would recommend read about coin, I choose among these factors:1. scalability - can it handle 10 tx/s? 100 tx/s?
2. originality - it this a new idea or fork of another?
3. technology - does it develop new technology?
Good reccomendations and I agree with it. But I will add some more points:
4. Team - did they have any previous background in coins creation and results
5. Marketing potential - Will be coin attractive for investors and popular or not?
Good team, good technology, something catchy about the project
When there are so many coins in the market, and with so many coming up, why do every person differ in there preference and choice of best coin. What factors do all consider??
Main reason for me is that "they do try out to surpass that existing coin" or "becoming dominant on a certain area". This is why we do see lots of Projects do launch ICO every now and then which most of them are just having the same concept. When it comes on choosing which coin then this thing would entirely depending on a certain person on which coin he do believe in.This is why profitability would be different too as expected.
I believe, that the main criteria for choice is the believe for the idea and the team. Like in every business those 2 factors usually has the main influence on how successfull company will be. If team believes in the idea and working hard to make it happen, then it will happen no matter what.
When there are so many coins in the market, and with so many coming up, why do every person differ in there preference and choice of best coin. What factors do all consider??
If you are talking about investing, I would recommend read about coin, I choose among these factors:1. scalability - can it handle 10 tx/s? 100 tx/s?
2. originality - it this a new idea or fork of another?
3. technology - does it develop new technology?
Everyone has their own opinions according to their abilities and whims. And I'll just go out there to buy some cheap coin, as: ADA, ETN, MANA, DOGE and BCN. And i will continue to do the best, according to analysis that has been done.
When there are so many coins in the market, and with so many coming up, why do every person differ in there preference and choice of best coin. What factors do all consider??
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