Topic: Is technology really important for investment decisions? (Read 282 times)

This is an answer that is often found. And this is certainly the main reason that makes us enthusiastic about investing in cryptocurrency. because if we only aim for technological development, then there is no need to be too focused on investment. However, the two are interconnected and cannot be separated. Our investment will be even more valuable if the project or crypto has long-term technological developments and also has potential in the future too. So, there is a return.

This question from my perspective does not have an answer to a particular option rather it's a dependent question. Off course we all have a sole aim of making profit but at the same time we want to be part of the life changing events which equally means we are on both sides.

I got into the crypto industry with the intention of making a side hustle as a student in order not to disturb my parent for up keep, and here with the purpose I began to find more reason why I should be part of the crypto space not only for the sole aim of profit any more but to learn how it works and what I could do to maximize the potentials of cryptocurrencies.

Yes, its as important as the Investment itself. basically if the technology isn't functioning very well there is no way I'm ever going to put a dime in it because it's going to fall of one day leaving me and my investment in a loss. the tech is the key drive to investment it the technology isn't good enough to hold Investment then I wouldn't risk no dime to invest in it.

Technology is the brain of every project that has become successful in the crypto world but if it was just the technology that it entail without any form of money making profit, the crypto community wouldn’t have had such a large congregation of members all showing interest in it. Technology is the foundation of it that is still making it stand but the profit making is the primary aim of it.


Yes, it is important to me because without it you’re at risk with your investment. Without a solid technology put in place to facilitate the project, they don’t last in the market and can exit the market anytime the technology that is powering it fails or the team can’t handle the cost of maintaining the technology behind the project.

Maybe yes, there have been projects that are into tech and take it mostly with Bitcoin. Everyone understands how blockchain works because of it and then it got an extension with these projects that came out and imitated and became altcoins.

More of the use case but we can include and say that it's a yes and it is very important in making an investment decision. If we do our research, we are determined in investing on it because we took time in knowing if it's a good one or not.

Perhaps because the blockchain market is still so small while the crypto market is so developed, the attraction of short-term profits directly becomes the main reason to attract investors and cash flow into this market.

In addition, investors are also more wary of promises about technology and solutions like those from ICO projects in 2017-2018, or advertisements about the value of GameFi in 2021. Every something that is too complicated and takes time to verify while the cyclical nature of the market will cause all tokens to be negatively affected during the crypto winter. When investors understand this, they will only care about short-term profits instead of focusing on long-term technology.

Anyway, whatever the reason, as long as investors participate, the liquidity of the market will increase. This is an important condition for the crypto market to continue to develop and blockchain technology to be applied soon in life and bring more real values to society.

Many people are in the cryptocurrency industry just because of the profit they get from the fluctuation of the cryptocurrency price. It is not many people that are interested in the technology behind any coin or any blockchain. What actually are they going to do with the blockchain technology and how is it going to help their life. Many people are just here to take advantage of the price fluctuation and make a good morning for themselves and change their standard of living. The same thing is applied to the Bitcoin investors, obviously there are many advantages of using bitcoin apart from the price increase of the coin but people have neglected this advantages just for the profit of it. It is only a few number of people that are into the industry for their technology such as privacy and decentralization while the majority of the people are for the price.

In as much as solana has the ability to increase in price and has built a good number of community around their project and the project also has utility there is nothing that is going to obstruct it even if the blockchain happens to be down for more than 24 hours, people will still troop in because they surely know that the price will increase

For me personally, all investment goals are for profit, I do not invest with passion just because I love beauty, goodness and passion. With good or futuristic technology, it becomes even more worthwhile. For example: some AI technologies, bitcoin l2 rollup... when you focus on technology, it must be placed on long-term strategy, technology is always changing and forcing projects to also change to adapt. If so, you can endure a longer period of time to lock in profits.

I think this is because of good community support.  Without a good community supports, maybe even the coin with the greatest technology will fall.  I think a few hours of outage is not a big thing and does not reduce the prestige of the technology.  All technology needs repairment and improvement to become better and serve more.  It's all about people's trust.  Without trust, everything in this world is worthless. 

About OP's question, I have more think:
1. Technology and profits are two things that complement each other.  Technology makes human work easier and that is what always we hoped for.  Profit is what everyone is looking for.  The world of crypto attracts people because of its profit opportunities.  Without technology, the profits that can you get are only a small once and don't last long, so crypto must continue to innovate if don't want to be left behind.
2. Technology of the project is a very important to consider.  Technology will make people continue to looking for it, need it and they will have a long life.  Who else invests to fail right? There is no one want to fall.

1. I believe that all investors in the crypto market aim to profit, and I am one of them. In the case of Solana, despite negative events such as the network shutdown, its community remains resilient, as evidenced by the minimal impact on its price. Perhaps there is something that most people hold on to, and one thing I speculate is the community trust in the Solana team. This stands in contrast to EOS, where most lost trust in the team because EOS is not fully decentralized, because they have the capability to freeze accounts.

2. For me, it is important that a project's technology is robust. Perhaps this is also what most people look for, but it's not just about how advanced the technology is, it's also about the supportive community. Because no matter how great a project's technology is, if there is few community support, investors may suffer losses.

Indeed, if there is a combination of the two, that is a great consideration for the future. Yes. The crypto market for Altcoins is very fragile, if you don't have strong people behind it, it will very easily shake and result in users having a big disappointment because previously they had hoped that the coins they held would later provide more or less profit for them and if there is nothing unique, don't hope they will come and buy it. Yes. Good analysis is very relevant.

If you have been in this market for a long time, these things are completely normal. The price of a coin often does not have much effect on its technology, like the crazy price increase of meme coins (there is no technology behind them at all). The increase or decrease depends on MM or the investment funds behind it. No matter how good the technology a coin has, if it does not have a quality MM team, it will be very difficult to push the price.
Because setting up to push up or reduce the price of a coin is not easy if they do not have a certain amount of coins in hand. They only use technology stories to direct the market and players to follow their will, because to be honest, most of the technology of Altcoins on the market except ETH are only at the experimental level, but has not been widely applied.
There are almost no users on the EOS network, so no congestion leading to a shutdown is understandable. We cannot compare these two networks because they are too different. The EOS team drew a very attractive technology story when it was launched, and the price was also fomo at that time, but now everything about EOS is out of date, the MM team behind it has no new stories are set up to push up the price of EOS, so the price will decrease is normal

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Its that in the crypto world, making money tends to grab more attention than geeking out on tech details. Even when the Solana network had its hiccup, the SOL token didn't seem bothered, trading over 100 USD. It shows that for many investors, it's all about the green and occasional tech glitches take a back seat and of course tech matters but the market's vibe is more profit-driven. Striking a balance between understanding a project's tech and its moneymaking potential is the sweet spot for savvy crypto investors

If the SOL network had issues with the network for more than 24hrs, then yes, it might've impacted the price somewhat but a few hrs of outage for investors isn't really that much of a problem. They're investors primarily anyway, not users most of the time. Especially if said outages don't really break anything inside the system or don't involve any third party being able to access their internal systems.

Anyway for the questions, profit. People who pursue tech don't need to necessarily enter the project itself. Most tech that people are invested at are either made by big companies anyway and/or are open-source, so they can check it out themselves, which I do personally. As for tech being important then yes, it definitely is. Part of it because it's a guarantee of the level of security they have in the first place.

That's right, I really agree with what you said, technology is indeed important, but the trust of people or the community is much more important because they still trust and use Solana, even though Solana has recently had problems, they are still solid and don't believe it. I'm really amazed by that.

A decision to make an investment in technology has its own way, many people have thought and made investment decisions in a more modern way. Here we can see that the crypto market movement continues to increase.
The network is expanding as time goes by, from year to year more and more enthusiasts continue to dive into the world of technology, especially large investors.
The world has become modern and work is done online, but we see that the investment network has developed rapidly depending on how we behave when technology investment decisions are in our hands.

1. I am entering for both. I don’t think there’s anyone who would say that they hate technology when this is what has made the world more interesting.

2. Definitely! In fact, the technology of the project is the first thing that I take into consideration. I am fond of asking what blockchain the project is on, why they are in that blockchain, along with question as to why they even built the project and see if they are achieving that mission. IMO, That’s the way you know if you’ll invest in a project and how much you should invest.

The industry will forget some minor outages of the SVM. Even the bitcoin blockchain doesn't have 100% uptime, though it is very close to 100%. The problem with solana is similar outages have happened before, and if they keep happening, then people will find some other project to stick their money on. Solana is still relevant in the market but its not as big as ETH in terms of ecosystem and adoption. Their SVM tech is really unique but their network shortages can raise a red flag in their community.

That's a good question and if you look at the current market situation there are a lot of coins/tokens that are on top that don't deserve to be there, because of hype and how they market their coins/tokens, the technology is just a copy of existing of other platforms, investors love to see a profit on their investment because not all coins they are investing will yield them profit, they have to pick that's getting the hype because there's an outpouring of investors on these projects.
I have experience investing in projects with innovative technology but the project is moving slowly, copycat projects are beating them because of the hype and it attracts a lot of investors.
I like to invest in a new technology with usability but it's a long-term investment you'll have to wait to see the fruit of your investment, which is why it's attractive to invest in a project that thrives on hype.
I diversify my investment on these two typer of coins, technology-based and coins with potential of profit

It better stays up and running. I don't want stories that touch the heart as I've a bit of Sol. My expectations are that it does well during the bull run and then also continue to print profit for those staking it.

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For the purpose of the question you asked OP, whether technology is really important for investment decisions or not? The answer is a yes for me. Let me share something important with us here and that's away from the Solana token. Let's use Bitcoin for an instance and the type of investments it has engineered. This day, it's not advisable to keep cash in banks. If you aren't spending it within months, swap to tether and leave in your wallet. Again, the phenomenal called Bitcoin is here and it's indirectly guarding many people to cryptocurrency investments. Its technology is literarily making everyone wait upon Bitcoin halving and it's approaching benefits. That's a lot of influence, if you asked me.

If you are a vissionary then might go for a couple of projects with involve high and good technology. But for an investor, I dont think that matter as long as the mcap when he bought would be double or increase in profits thats more important to them. Well for a none fundamental based users its only the figure of possible profits are the most important part. However there are people who solely invest on the tech side and eventually wanted to use the platform aside feom investing on it.

Everyone wants money, so everyone invests in cryptocurrencies that are well-known and have the most capitalization. If technology were more important for everyone, then bitcoin would have long ago been pushed off the pedestal by more technological and modern projects, of which there are a lot, but this is not happening.

The presence of technology is an advantage for making an investment decision, but is not a predetermining (sole) factor. Even those projects that are technologically nothing can be profitable (other projects may have advantages). Take dogecoin for example. Thanks to hype alone, this project became popular, although it was created as a joke coin. Sometimes the cryptomarket self-regulates in strange ways.

I am firmly convinced that the majority, after all, enter this cryptomarket for profit, first and foremost. And the technological feature comes as a nice bonus.

It may also turn out that society is not yet ready for this or that technology, and then the project turns out to be unprofitable, having failed to interest investors or implement its plans. I've had bad experiences where I thought a project with technology would be profitable. Now I am inclined to believe that the industry is more like a lottery, where only chance can help you draw a lucky ticket (in terms of profitability) and relying on technology when making a choice is inappropriate.

Of course technology is also important. But what's more important than that is trust. And trust can be built with a good reputation. But I was also surprised by the price of SOL which was not too affected by the problems often experienced on the Sol network related to power outages or the like. This is possible because the community has been formed strongly and the community believes that SOL will provide them with benefits if they continue to hold it. And I think this is also a good sign that Sol does have the most solid community.

Both.

But not all projects deal with good technology because there are times that it's not about it but how profitable they are. And many are going to agree with that as majority here are not really for the tech but for the money.

It is.

Because that's the reason why that project was made and without such, what are you going to look at for that project if they don't have the technology? Unless they've got their own community already and whatever the devs throw to their people, it doesn't matter to them.

Many traders including me, we enter into the market for the sole purpose of investment only. For us these technologies don’t matter a lot. We use the technology to get better analysis only. Moreover we choose the best coin suitable based on the technology’s analysis and invest in that accordingly in order to pull out the maximum profit. Choosing the right coin and buying at right price is the important thing one should follow in order to yield maximum profit.

Basically Solana came to solve the problem of scalability, and they have proven that, to date, nothing can beat the scalability of the Solana blockchain. EOS has 4K TPS while Solana has 24K TPS, this is a noticeable difference. Apart from that, Solana also has real products such as Solana Saga .


100% for profit


Yes, that's the most important thing for me, technology is everything in crypto side, projects that succeed in creating new technology will be game changers, and that will make MC move to these game changing projects. My main orientation is profit, but that doesn't mean I don't think about technology, because that's where I make the decision to invest or not in a project.

Here are some facts:

1. Every outage of Solana was caused by different problems. It wasn't a problem that Solana couldn't fix.

2. Solana still has a huge community and has a strong coin price because the ecosystem is actually active despite the outages. It's the only non-fork alternative L1 that's actually challenging Ethereum.

3. New projects are still being deployed on Solana, whereas EOS is pretty much dead.

Tip: take a look at ecosystem metrics when comparing projects.

its all about hypes when investing in altcoin, solana outage was not even a concern for majority of people that uses solana, they just waited it out and are not willing to dump their coin into the market just because the outage they sees it as something ordinary in solana since it has happened many times already.
if we compare with other blockchain that are top 50 at least, of course the uptime of solana looks ridiculous, how can a blockchain ran by many validators could suddenly froze but turns out the culprit was on the system itself and solana has finally released patch and those that don't upgrade will lose delegation.
for me though personally i like to speculate so i often disregard the technology, but at least it should be at least good enough though not really bad technology or trying to recycle old projects.

A lot of people were predicting it and it did happen. Though it was a short time and was patched quickly and the solana price has rose over $100 again.
This do show the larger you get, the more good technology you require. A small volume coin with a small price can run with any tech and algo. But as your network grows and you can't increase your TPS and balance your fees, you'd be abandoned like Ethereum.
With recurring problems in Solana, people are looking for alternative like TON and SUI which are based on better technologies. And yes, I look for technology specially while choosing utility coin to invest.

On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability^[1].

Blockchain is a decentralized network that operates 24/7/365. Blockchain downtime is an extremely serious problem for users. This problem has existed for a long time and continues to need the Solana team to research and find a solution^[2].

What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news.

On the SOL token price chart, we do not have a serious decline, even at the moment, SOL token is already traded at over 100 USD.


This makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!

Ultimately, despite the extremely heated debate with each other about the technology of projects in the market, investors participate in the crypto market to seek profits. As long as the token increases in price and generates profits, that token is considered good, potential, and worth investing in. Blockchain stability is not too important to investors, only a very few investors actually use blockchain. If so, it is just an investment action to make a profit, not to solve an irreplaceable need of life.

For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!


I want to hear your opinion on this issue:

• Are you entering the crypto market to pursue technology or profit?
• For you, is the project's technology important to the investment decision?

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References:
[1] Solana Back Up Following Major 5-Hour Outage
[2] Solana Struggles: Understanding the Network’s Recent Outages