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Topic: Investable Coins (Read 148 times)

hero member
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June 04, 2021, 04:40:42 PM
#14
It is due to the nature of cryptocurrency which is being volatile. As long as the coin isn't said as a stable coin then it has to move its price no matter what happens.

Big or low demand, the price will keep moving depending on the activeness of its own market. So if the demand is low then the price movement is quite low and slow.

And vice versa for bigger demand.
sr. member
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June 04, 2021, 11:54:53 AM
#13
Well, the rule is simple. If the price of an asset can grow over time, you can easily label it as an investment. Does that mean every asset should be in your portfolio? Of course not. As you said earlier, if a token is designed to be used as payment/utility on the platform, then the expected usage/the goal of the project is to make sure the network used it. Whether the price increase or not would be a different question.
legendary
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June 04, 2021, 09:10:32 AM
#12
~ but wouldn't it be detrimental for most projects to have an expensive price per coin if you are trying to create a stable market for projects to be built underneath it?
The price has nothing to do with building a project on top of a blockchain. The likes of Vitalik has always been more focused on the infrastructure and not on the speculative nature of ETH and tokens.

I think all altcoins are good to invest,
Everyone is entitled to their opinion but please don't follow this newbies. There are many coins/tokens that were built on hype every bullrun without any real product behind it. They fizzle out when the market goes south.

You can gamble on any types of coins/tokens but not all altcoins are good for investment. There is a huge difference between the two.
full member
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June 04, 2021, 08:19:24 AM
#11
Money can be anything, a market can be anything. Imagine people start exchanging stones again, you would never deem normal stones an investable asset, but if there is a price finding mechanism involved and people invest their money and exchange it among each other, it is a market. If you check the definitions for market, you will see that anything can be an asset.
sr. member
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June 04, 2021, 08:12:54 AM
#10
One thing I can't understand with Cryptocurrency in general is why coins that enable what a project is for (eg. Ripple for payment transactions) is an investable asset. I'm hoping someone can give me their thoughts on this. Also interested in any other articles or podcasts that discuss this topic.
they used popular coin to their projects such bitcoin, ripple, eth and etc its because also of being trusted and have a good technology unlike other crypto currency.. Even you perhaps you will not allowed to used a news coin if you own a project especially when it comes making transactions because it can destroy your reputation.. And also there are some reason as well why most of the projects change crypto currency to their projects especially if the fee is getting higher wherein of course they will prefer to change with low fees and smooth when it comes transaction such what i have mentioned above..
full member
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June 04, 2021, 07:00:09 AM
#9
One thing I can't understand with Cryptocurrency in general is why coins that enable what a project is for (eg. Ripple for payment transactions) is an investable asset. I'm hoping someone can give me their thoughts on this. Also interested in any other articles or podcasts that discuss this topic.


Many crypto projects have collaborated with other companies and made crypto a transaction tool. Suppose when you buy a domain for now, you don't have to pay in USD, but you can pay with crypto in the form of XRP, Doge, etc.
full member
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June 04, 2021, 06:47:07 AM
#8
One thing I can't understand with Cryptocurrency in general is why coins that enable what a project is for (eg. Ripple for payment transactions) is an investable asset. I'm hoping someone can give me their thoughts on this. Also interested in any other articles or podcasts that discuss this topic.

With Bitcoin the digital gold analogy makes perfect sense to me, and even with Ether because it enables other coins and projects underneath it that makes sense to a degree- but wouldn't it be detrimental for most projects to have an expensive price per coin if you are trying to create a stable market for projects to be built underneath it? You have those with an investor mindset wanting the price to grow and then others using it as payment to enable other services having to deal with the volatility.

Aren't these forces completely opposed to each other? Don't projects have to favor one over the other?

IMHO, I think the purpose of cryptocurrencies is not opposite with each other but it has only different functions, In fact, they are interconnected because most of the cryptocurrencies have a common problem which is the volatility except the stable coin (fiat and Gold pegged) And usually if we decide to invest in particular coins or tokens we are just speculating that one day the price of the coin/token we bought will be skyrocketed so that we can earn a profit out of it and that's normal because there is no guaranteed investment that exists all are base on speculation so the fact is? when we invest in Bitcoin, Xrp or Eth with different functions like payment, Investment, smart-contract, etc. we are just speculating so there is no distinction between them.
hero member
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June 04, 2021, 05:30:59 AM
#7
The sad part is every crypto projects are highly volatile minus stable coins and I think that's why crypto is a perfect haven for investment, it recreate opportunities over and over again which is why it's the perfect solution for making more money if you can understand how it works

The volatility part is why many vendors decide not to use crypto as means of payment but some who understands how valuable crypto can be in future still went ahead and implement crypto payment in their stores and businesses, a matter of choice I guess
You do not need to invest in that coins instead of selecting bitcoin for the investment. Although bitcoin is volatile, the only bitcoin that can give you a big profit in a long-term investment. So you can use the other coins for short term investment. If you can do that, you can have two types of investment which can give you profit. Who knows, bitcoin can also increase in the short term so you can make double profit in the short term.

It's because as a medium or payment scheme cryptocurrencies such as Ripple or BTC can be used specially in online transactions or any other ways such as regular fiat or credit card. And with that scenario, those can be adopted, hence the price can go up and be an 'investable crypto'.

That's why there are arguments against ETH, because they are not touted to be used like that, more on dapps. So they are not opposing, more of like each crypto has to serve different purpose.

That doesn't answer my question though. A coin would more likely be used for transactions if it was less volatile, rather than moving up and down due to speculative investment (like stablecoins), however a lot of projects encourage speculation with airdrops, premines, giveaways, etc.

It seems like im right in thinking that besides BTC, ETH, stabelcoins and a few other major projects that have ETH like qualities (in terms of building projects underneath them) the rest are probably going to zero at some point. Would love to hear some more in depth answers.
You already have the answer to use a stable coin to make a transaction in the payment system. Bitcoin, ethereum, and the other coins will have their volatility, but the stable coins will not have that. The new project wants to be the investment sides and not the payment system because the price is too volatile and always follows the bitcoin price moves.
sr. member
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June 04, 2021, 02:55:10 AM
#6
One thing I can't understand with Cryptocurrency in general is why coins that enable what a project is for (eg. Ripple for payment transactions) is an investable asset. I'm hoping someone can give me their thoughts on this. Also interested in any other articles or podcasts that discuss this topic.

With Bitcoin the digital gold analogy makes perfect sense to me, and even with Ether because it enables other coins and projects underneath it that makes sense to a degree- but wouldn't it be detrimental for most projects to have an expensive price per coin if you are trying to create a stable market for projects to be built underneath it? You have those with an investor mindset wanting the price to grow and then others using it as payment to enable other services having to deal with the volatility.

Aren't these forces completely opposed to each other? Don't projects have to favor one over the other?

Bitcoin wasn't actually made for investment but people use it for investing, lot other shitcoins claims that they will be the next bitcoin but they don't even exist here for a year long which tells that investors are clear with their pick when they wants to choose. They are avoiding the centralized projects for long terms and traders and short term investors are keeping those shitcoins alive and they will be the reason as well for the coin to die in future.
legendary
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June 03, 2021, 10:38:30 PM
#5
Aren't these forces completely opposed to each other? Don't projects have to favor one over the other?
I dont think so. Some are wanted the price to increase and at the same time improved adoption with the ecosystem. There are also some only cares its monetary value but since you already here I dont think forum is only about bitcoin value but the goal to spread its use and advantages as peer to peer method for transaction. Same goes for some altcoins out there.
newbie
Activity: 2
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June 03, 2021, 09:32:02 PM
#4
It's because as a medium or payment scheme cryptocurrencies such as Ripple or BTC can be used specially in online transactions or any other ways such as regular fiat or credit card. And with that scenario, those can be adopted, hence the price can go up and be an 'investable crypto'.

That's why there are arguments against ETH, because they are not touted to be used like that, more on dapps. So they are not opposing, more of like each crypto has to serve different purpose.

That doesn't answer my question though. A coin would more likely be used for transactions if it was less volatile, rather than moving up and down due to speculative investment (like stablecoins), however a lot of projects encourage speculation with airdrops, premines, giveaways, etc.

It seems like im right in thinking that besides BTC, ETH, stabelcoins and a few other major projects that have ETH like qualities (in terms of building projects underneath them) the rest are probably going to zero at some point. Would love to hear some more in depth answers.
member
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June 03, 2021, 05:46:05 AM
#3
The sad part is every crypto projects are highly volatile minus stable coins and I think that's why crypto is a perfect haven for investment, it recreate opportunities over and over again which is why it's the perfect solution for making more money if you can understand how it works

The volatility part is why many vendors decide not to use crypto as means of payment but some who understands how valuable crypto can be in future still went ahead and implement crypto payment in their stores and businesses, a matter of choice I guess
hero member
Activity: 2842
Merit: 772
June 03, 2021, 05:40:52 AM
#2
It's because as a medium or payment scheme cryptocurrencies such as Ripple or BTC can be used specially in online transactions or any other ways such as regular fiat or credit card. And with that scenario, those can be adopted, hence the price can go up and be an 'investable crypto'.

That's why there are arguments against ETH, because they are not touted to be used like that, more on dapps. So they are not opposing, more of like each crypto has to serve different purpose.
newbie
Activity: 2
Merit: 0
June 03, 2021, 05:37:23 AM
#1
One thing I can't understand with Cryptocurrency in general is why coins that enable what a project is for (eg. Ripple for payment transactions) is an investable asset. I'm hoping someone can give me their thoughts on this. Also interested in any other articles or podcasts that discuss this topic.

With Bitcoin the digital gold analogy makes perfect sense to me, and even with Ether because it enables other coins and projects underneath it that makes sense to a degree- but wouldn't it be detrimental for most projects to have an expensive price per coin if you are trying to create a stable market for projects to be built underneath it? You have those with an investor mindset wanting the price to grow and then others using it as payment to enable other services having to deal with the volatility.

Aren't these forces completely opposed to each other? Don't projects have to favor one over the other?
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