New coins are 👎👎👎 - page 4.

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

Quote from: ashmodeus on May 03, 2020, 10:57:45 AM

Quote from: bits4books on May 03, 2020, 10:28:51 AM

"Why do we need new phones because existing phones perform all the same functions as well or even better than new ones!!!"
Do you know anything about how the market works? There is a demand for new coins as a means of making a profit - new coins appear (whether they make a profit or not is another question).
It is possible that in the future there will be coins that are better than btc/eth. cryptocurrency market will grow and develop. Think of it as an opportunity to go to McDonald's today tomorrow to KFC the day after tomorrow to Chipotle and next week to go to a Michelin starred restaurant.

I still don't understand about what u say, bitcoin is a cryptocurrency,it is a decentralized digital currency, did u understand what currency mean ? and you dare to equate it with stuff ?
And also your explanation about how market works its no sense.
There is no demand for new coin, the first thing is project come to the market with a briliant idea,then people looking for it,then they speculate,are this good for investement or not.

Any currency is a product needed to get another product, whether it's a Burger or another currency. Currency is just a single and generally accepted measure of value and it is quite possible to perceive it as a commodity.
If there was no demand for new coins, projects would not have held an initial offering to issue these coins.
Yes this demand consists solely of speculative intentions but it is still a DEMAND lol

Stanlo

full member

Activity: 952

Merit: 110

It's better to leave new coins be for sometimes before investing, like two years later and see how they perform, how they follow their roadmap and development, that's the best time to invest in new coins, many are falling victim because they invest once the coin gets launched, it's a wrong move

totoy4741

member

Activity: 882

Merit: 13

Quote from: Greatdev on May 04, 2020, 02:06:38 AM

Do not close the door to new coins as hard as things are today won't stop few high quality new coins that will climb up to top 20 on coinmarketcap someday, just get better at doing good research

I have not seen any new coins do better than those old coins even price and services it could offer in their community. I think investors would only put their money in a certain project in a short period of time just to gain profits upon having it release and exchanges then would switch back to old coins for more stabiltiy.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Samayuki on May 03, 2020, 08:58:06 AM

New use case my foot!

Good thing you realized it, better late than never.

The altcoins which promise everything to change and that they will be better than bitcoin is simply lying and not something to be interested in. What people need is bitcoin only and no other shitcoin to put their money in. New projects coming up are going to fail anyway, but the money makers in them will make their money because it is like their own little legal scam game. Advisors will get paid, team will get paid, investors money will spend there and investors will be getting a ton of tokens with no value. Thats how these are working.

KaratX

member

Activity: 252

Merit: 29

Sovryn - Brings DeFi to Bitcoin

Yes top many new coins end up an exit scam or pump and dump, if you can't keep taking risks better stick with top coins, real new coins that really want to do something are hard to detect this days, it's not even about use cases again, new coins with very good use case turn scams too

Greatdev

member

Activity: 266

Merit: 16

Sovryn - Brings DeFi to Bitcoin

Do not close the door to new coins as hard as things are today won't stop few high quality new coins that will climb up to top 20 on coinmarketcap someday, just get better at doing good research

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Samayuki on May 03, 2020, 08:58:06 AM

New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

Indeed we dont need to look for a new one because old coins can satify us for their use case that can solve real problem and can be a profitable investment as well. New coins are mostly scam and only exist for short term profit without anything to present as use case to live longer in crypto space. Those who will buy their too good to be true offer are likely to lose their money as time goes by.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

If there are tokens or coins with different use case and have a successful environment for that, why not try that coin or token? Expecting a coin which will beat bitcoin is the worst, however, other coin can aslo do some good thing remaining as sideway. ETH is a shit for your info, it is not decentralized at all.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

People these days careless about the technology new projects offer, all they want to see is how profitable the coin is, if the coin can't be profitable after a while, investors ted to dump the coin and thereafter, the project just fail and shutdown, so a lot of new projects are under pressure from investors to stay profitable. Bitcoin remains the best form of coin to hold that won't rekt you.

JoinCentric

copper member

Activity: 9

Merit: 0

Centric

Changing the World, One Hour at a Time

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Whitepaper

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Burned 8,505,100.39
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Year Established Jan 2018

Token Name: Centric Cash
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Year Established: Feb 2020

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Reviews
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What is Centric?

Centric is a dual cryptocurrency payment network which has officially launched in hopes of limiting industry volatility.Centric works within a dual token ecosystem, the first being Centric Rise, which steadily increases in price hourly. This will help offer a reliable store of value and an incentive to join the network for users globally. The second token, Centric Cash, is pegged to the first token and will freely trade on major cryptocurrency exchanges.

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There are significant risks that the Centric Foundation will need to overcome in order to be successful. These are;

Execution is vital to the success of the project, we place a heavy focus on hiring people with proven experience in their ability to execute quickly.

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1st mover advantage can give competitors a powerful advantage, learning from potential mistakes we make.

Lack of adoption will significantly cripple the overall credibility of the project and cause negative sentiment which will make it challenging for the project to achieve mass adoption.

Security plays a key department in all cryptocurrency projects and poses a large risk if not carefully managed by the team in control of keys or user’s personal data.

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kingzpro

member

Activity: 756

Merit: 13

DIFX - Digital Finacial Exchange

Yes most new coins have proven to be devastating for investors where they have lost over 90 percent of their investment value due to poor performance of these coins in the exchanges, some have even quited already so may be sticking with the real coins like bitcoin and ethereum is the most wise thing to do.

BeginToMine

full member

Activity: 434

Merit: 101

https://www.payaccept.net/

I have really lost huge with all these new coins. Many are there to pump and dump even the biggest exchange does pump and dump. I still prefer old time and coins. Many new coins are doing so bad than good and fact is, many are there to scam
So pathetic

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

no one can create a new and better bitcoin. I believe that a project may appear that will have greater capitalization and greater demand among users, but there will never be such a project as Bitcoin, because it is unique

Convery

sr. member

Activity: 966

Merit: 254

Only coins that make some sense are gambling and exchange tokens because both are backed by a real business that generate real money and this money can be used for burning tokens and buy back -> price of the token will grow constantly if exchange / gambling website will continue giving good results. Cool

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

I clearly understand your point, where someone will Invest in a new coin and the team will play their games and it will end up becoming trash. Most new projects today makes many think twice before investing and when they do, it will be on or during IEOs where they can take their profits and convert to BTC which is the best anytime. Nevertheless, although BTC and ETH are the best, sometimes going for new coins increases the likelihood of adding more ETH or BTC to your portfolio which is also why most people still invest in new coins. But even at that, one needs to be very careful of the type of new coin he wish to invest in.

FanEagle

legendary

Activity: 2884

Merit: 1117

Leading Crypto Sports Betting & Casino Platform

Quote from: Samayuki on May 03, 2020, 08:58:06 AM

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

That must be a very smart decision a crypto adopter may take in their life time. If you were available some 3 years back to enlighten me about the importance of sticking only with bitcoins or may be with few other highly established altcoins, I probably richer by at least 5 bitcoins right now. Yes, I have spent more than 5 bitcoins and its total worth now is less than 1 bitcoin. At least 2 to 4 coins perform as per my expectations then I may recover my capital but there cannot be enough reward for 3 years of patience.

It would be always better to go with bitcoins but I decided to multiply my bitcoin stash through altcoins. Still, I did not invest with brand new tokens nor coins, but unfortunately even old coins also faced bad times. I still believe into waves and lick to perform well in coming days. But, I never recommend anyone to risk with them.

kindbtc

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

Obviously bitcoin and ethereum make the ultimate choice for all kind of investors, new projects are solely for risk takers because they can make or break you so only invest if you can afford to lose.

Krislaw

sr. member

Activity: 1204

Merit: 388

Most coins project's team created their coins for profit and not because of use case. All they do is create hype and list IEO on a big exchange knowing well that they will get money from investors and investors will also make over 50% after IEO.
Recent IEOs on Binance gave investors over 5x profit.

vietnamoi.vn

jr. member

Activity: 112

Merit: 1

My opinion don't think a new currency will beat Bitcoin. Simply because the technology of Bitcoin is constantly improving and perfecting day by day. And more importantly holding Bitcoin or ETH in the long run will bring us profit.

Ryushin

member

Activity: 322

Merit: 10

Better coins will still come but they will be hard to detect, many scammers are taking advantages of crypto space and new coins, I hope something can be done to this but never going to happen, I will keep trying my luck

Topic: New coins are 👎👎👎 - page 4. (Read 755 times)