Factors That Make One Cryptocurrency Worth More Than Another - page 4.

pitham1

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Quote from: pereira4 on May 15, 2016, 11:28:26 AM

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.

Bitcoin has the best development team?
If it has such a great team, why is everybody still quarreling about the block size?

Viyamore

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Quote from: pereira4 on May 15, 2016, 11:28:26 AM

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.

Now i know these 2 factors , yes a best roadmap among the others ,then a network effect of a crypto just like what ethereum happened , they will need more support from sponsor who will use a crypto .

pereira4

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The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.

knowhow

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Well people will invest if they see potencial into the coin,the software and the concept,what will be used the coin for sure will affect the sucess of it.
But in the end who will allow you to know if your coin has or not potencial and value will be the community that you must atract to be at your coin,these days several coins show up,people invest at ico and try to sell out with profit faster as possible,before the coind dies,soo without plans at your coin will be this the only thing that may happen to your coin.

avikz

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Public trust and the origin of the coin plays a big role in their pricing.

If the coin is limited and are not available freely, then the price might go higher. But coins like valorbit, which are available for free and loads of it. It is very hard for the price to go up.

BitBerau

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I would think the maximum amount of coins to distribute would be the main factor in finding out how much value is in a coin to begin with. They all state this in their first post when unveiling a coin for the first time. And usually there is no worth at the beginning of it's life.

Xenophoto

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Just wanna keep this short, nothing else and nothing more, demand and supply. Traders will know this. Cheesy

Kakmakr

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I rate : 2) maximum number of coins as the number one factor. Some of these coins has a ridiculous cap and will never amount to anything valuable. I also reckon 3) rate of growth in the supply of coins can differentiate it from a legit coin or a typical pump n dump. If a load of coins were supplied at the start < pre-mined > and then gradually released, it is in my opinion a pump n dump scheme.

Bitcoin had none of these problems and it is as close to perfect as we would want it. ^smile^

Bemerand

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It depends on the usefulness of the coin. If it has unique features, it will be used widely. Ethereum is an example.

HeroCat

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Total numbers of users, this is first and most important aspect. BTC is Nr.1 without any doubt. Wink

JesusHadAegis

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1. Price
2. Opportunity
3.Users
4. Exchange
5. Availability

More is greater in this line of business so i think whoever got more gets more profit.

BARR_Official

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#1 - Number of users
#2 - Number of users
#3 - Total supply and inflation, which only matters if there are a lot of users
#4 - Market liquidity, which requires either 1 delusional millionaire or a lot of users
#5 - Mutiple exchanges, fiat exchanges, and retail acceptance, all of which comes only when there are a lot of users

If a coin is good on its own technical merits, it should gain users by word-of-mouth.

If a coin is successful with marketing, it should gain users.

a7mos

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The main factor for that is users trust. as the prices are determined by the supply and demand, a cryptocurrency gain more value when more users trust it and start buying more of it.
the total number of coins is an important factor also

NeuroticFish

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I see 3 factors: brand, innovation, luck. Good dev team counts too. So it's 4.

If the brand is good the coin will have good community (or suckers, bagholders, ...)
If there's innovation, the coin has a chance to be the 1st in a niche. Copycats don't usually get very succesful.
And there's a luck factor. You need good dev team and few problems.

Kprawn

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For me the community supporting a Crypto Currency, is one of the main determining factors of the success of the technology. If there is no support, there is no technology.

1) total number of users
2) how many people/businesses accept it as a form of payment
3) rate of growth in the supply of coins
4) technical aspects of the protocol
5) current number of coins
6) maximum number of coins
7) number of exchanges that allow conversion to other cryptos or fiat currencies

What, will any of the other factors matter, if there is nobody to buy it or accept it as a currency. This is where Bitcoin will win over any other Alt coin out there... It is already

established and it has a huge network of people who support it. It takes time to build such a network, and also to build trust in such a network. { Trust in the form of security }

European Central Bank

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Trust and track record. That's the only thing that counts for me. Users and then value grows from there.

Herbert2020

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Quote from: EuSouBitcoin on November 24, 2013, 11:32:19 AM

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins

these three are going to act as some obstacles on the way of success in a cryptocurrency. if you look at the available supply of different cryptocurrencies that have been created none of those which have big available supply are successful.
coins like doge, ripple, ETH, ... can never success because of a simple rule of the market called "supply and demand"

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4) how many people/businesses accept it as a form of payment
5) total number of users

this option is going to have the biggest effect on how much a coin is going to be used and what the final price of it is going to be.
the more people who use it leads to more businesses who accept it which will lead to more users and so on.

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6) technical aspects of the protocol

IMO this option is not that important. there needs to be some good coding behind the coin for sure but it is not going to determine the price

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7) number of exchanges that allow conversion to other cryptos or fiat currencies

has no effect if you ask me. the effect is in the reverse order. which means the higher the demand to a coin no matter what it is will lead to more places (exchangers and services like shapeshift ,...) adding it to their site.

RealPhotoshoper

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Quote from: EuSouBitcoin on November 24, 2013, 11:32:19 AM

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

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3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users

in my opinion,that point will be the most influence factor to make one cryptocurrency worth more than another.
and also name of that cryptocurrency,one crypto must be really familiar,and have good promotions.

honeyhtet

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Probably just the rate of growth, The number of buyers/sellers and the size of the market and most importantly the number of businesses and services accepting bitcoin with it.

Bitcoinbro

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Quote from: bit1 on March 19, 2016, 06:43:04 PM

Quote from: EuSouBitcoin on November 24, 2013, 11:32:19 AM

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

I guess quick confirmation is included on 6) point.

I would say the max number of coins vs coins in use is one of the main aspects. But distribution and awareness are important too.
Why would you consider an investment if the coins are held by a select few right?

Topic: Factors That Make One Cryptocurrency Worth More Than Another - page 4. (Read 11343 times)