How can I see the progress and plans of the coins for the future?

Frankolala

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Quote from: hack3rcon on Today at 10:53:04 AM

Hello,
You want to choose one among several coins. How do you see what future plans a coin has? For example, how do you compare Tezos to ADA?

Thank you.

No one can tell what the future has for any coin apart from bitcoin. This is because crypto market is unpredictable, and the coin potential is what will determine if it will last or fade away from the market. Nobody knew that bitcoin will grow this far if not those early investors wouldn't sell. One the other hand, there are a lot of coins that came out and crashed later. Altcoin is gambling, don't put your hope on them.

Odusko

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Quote from: hack3rcon on Today at 10:53:04 AM

Hello,
You want to choose one among several coins. How do you see what future plans a coin has? For example, how do you compare Tezos to ADA?

Thank you.

Altcoins regardless of how promising they are have to be approached with a lot of skepticism and backed up with enough research, do your research about the coin, make sure you identify one possibility of utility adoption of the coin, and also know what the total supply volume of the coins are, avoid any coin that the total volume is not mentioned from the unsent, and also don't consider memecion as a choice for long term investments.

The difference between Tezos and ADA as you asked, is that both coins don't belong to the same team and Tezos to me seems to have utility potential and possibilities more than ADA.

The conclusion is that I will not invest in any coin for the long term Right now, because most of the coins presently are all based on hype and lack future adoption features better to hold Bitcoin or Ethereum and a few of the prominent coins in the crypto market.

Charles-Tim

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You will have to make a research about the coin. Check the tokenomics. Probably this might encourage you to invest on a coin. But it is worth knowing that the coins can disappoint you. So using a small amount of money that you can afford to lose is very important. Also if you make huge profit, it is better you sell fast at the right time before the coin will begin to dump and not make it to all-time high anymore. It is worth knowing that you can not know the future of most coins and not good to be too optimistic about the coins.

hack3rcon

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Hello,
You want to choose one among several coins. How do you see what future plans a coin has? For example, how do you compare Tezos to ADA?

Thank you.

Topic: How can I see the progress and plans of the coins for the future? (Read 24 times)