Topic: Opinions about the emergence of new Coins - page 12. (Read 1675 times)
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My opinion about the emergence of new coins is, the more coins the Cryptocurrency will be increasingly recognized by the public. And for a trader, the more coins, the more choices we can trade. in my opinion, if a lot of Cryptocurrency coins appear that signifies the development of this Cryptocurrency is still advancing.
Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.
Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
I do not mind the new coins that emerging nowadays because I know that they do not have potential in the market. Most of the new coins are losing its value immediately so I know that I will only experience losses if I will patronize new coins. Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.
I think the point is that there are still some good ones, but very rare, like one in 100 or even less chance. Hence most of the time investing into new altcoins is a bad decision, there is a bigger chance of winning on gambling than just betting your money into a new altcoin. However there is that off chance of hitting the good one. Just because there are thousands of horrible coins that are totally worthless out there doesn't mean there are good ones neither.For example, IOTA is a good example and it did provide with a lot of profit to many people. Hence what people are probably trying to say is that, even tough yes there is a slight small chance that you make a profit there is also a huge chance of losing money which makes it not worth buying all the new coins since the result will be bad even if you end up with one good one if you invest into thousands of new ones.
The emergence of new coins have advantages and disadvantages. One good advantage is attraction of new investors through their advert and one of the disadvantage is that most of the project fail or scam investor thereby creating negative impression about cryptocurrencies.
I think the new coins still have to struggle to gain investor confidence, not as easy as we think it is to develop. It takes time and it requires many interesting events, so new coins will become future coins.
I agree with this. With so much negativity already surrounding ICOs and so much money lost, it is going to be much more difficult to gain the trust of future investors.
It was much easier before- hell people were sending their BTC/ETH to ICO projects the minute after the white paper was released.
People seemed desperate to be a part of the ICO craze but the bear market has certainly slowed that down.
3. What are the benefits for traders with the emergence of these new coins?
I think the most visible benefit for traders with the influx of new coins,is in the area of diversifying your investments,if we had only a few number of coins,then it would be difficult to put our money across various coins.But with the more alts coming into the market,it gives up the opportunity to diversify.
I think the new coins still have to struggle to gain investor confidence, not as easy as we think it is to develop. It takes time and it requires many interesting events, so new coins will become future coins.
Not all of new cryptocurrencies are valuable so we should only pick some new cryptocurrencies when making investment.
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Most of the new altcoins nowadays are not promising and worthless. We will only lose money by investing in that altcoins.
You are somewhat contradicting your own statements here. You believe some altcoins to be other putting your money in - again thats totally your personal choice and I respect that even if I disagree. In the next statement you are saying that they are worthless.
I guess this has been true for many more people who put their money into shitcoins but ended up losing more than they would if they kept their money intact? Its not that putting the money into bitcoin would have solved the bear market downtrend - then also you would have lost money but maybe not to that extent as the altcoin because we all know that bitcoin has a deflationary growth rate.
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2. What is the positive impact of this new coin on Bicoin
this is free marketing for bitcoin. the more new coins that are born, the more people will hear about bitcoin. but it creates negative opinions for many peopleVery strange logic here
You say that new coins are free marketing for Bitcoin and then you proceed to say that they will produce negative effect on people's minds and opinions (the point which I agree with). So how is it free marketing really? It is negative publicity and it is definitely not the case when any publicity is good publicity. Further, I don't really think that these new shitcoins will make people more aware of Bitcoin. I'd rather say it works in reverse order, i.e. people learn about shitcoins through Bitcoin, not the other way round
I think it works in the reverse order in the majority of cases
I mean people first learn about Bitcoin, then about some altcoin. It is possible that some "novice investors and community members" may first hear about a major altcoin (for example, Litecoin or Ethereum), but it doesn't look very likely that they enter the cryptoscene through some unknown altcoin. I don't say that it is completely impossible (as it is definitely possible), I basically say that the odds of that are really low. So no free marketing here
Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.
Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
Not all of new cryptocurrencies are valuable so we should only pick some new cryptocurrencies when making investment. Most of the new altcoins nowadays are not promising and worthless. We will only lose money by investing in that altcoins. Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.
Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
Not all of new cryptocurrencies are valuable so we should only pick some new cryptocurrencies when making investment. Most of the new altcoins nowadays are not promising and worthless. We will only lose money by investing in that altcoins. Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
Many new coin have lower price after listing at exchange market, last month we got founder ICO from Indonesia Oscar Darmawan created lyfe ICO, but after listing at exchange market lyfe price is lower than ICO more than half, its why I can't trust with ico now.
Well, you should not blame the ICO Founder about that, you should know better as an investor. There are a lot of promising coins in the past that arrive at the same fate after the ICO. A lot of people are disappointed since a lot of bounty hunters are selling their share at lower price so the tendency is the price will fall down as people will put their currency more lower than the other. We should not blame the project about what happened unless they have their own failed tasks as the ICO founder.
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Cryptocurrency or crypto currency is increasingly recognized by many in the world. You know, block chain technology is growing day by day, not a few new crypto are emerging.
Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
Question:
1. What do you think of new coins / tokens that keep appearing
2. What is the positive impact of this new coin on Bicoin
3. What are the benefits for traders with the emergence of these new coins?
1. I think it will give healthy competition for every coins/token so they can compete to other coins and the new coins can prove that they deserve to get a better position.
2. I don't think that it will give positive impact to bitcoin, but maybe I am wrong because as far as I know, a coins/token will gets impact from bitcoin price and will follow with bitcoin price.
3. The benefits for traders is they can buy the coins and trying to make more profit from the new coins because sometimes there is a flash pump that will happen in the market.
Many new coin have lower price after listing at exchange market, last month we got founder ICO from Indonesia Oscar Darmawan created lyfe ICO, but after listing at exchange market lyfe price is lower than ICO more than half, its why I can't trust with ico now.
Well, you should not blame the ICO Founder about that, you should know better as an investor. There are a lot of promising coins in the past that arrive at the same fate after the ICO. A lot of people are disappointed since a lot of bounty hunters are selling their share at lower price so the tendency is the price will fall down as people will put their currency more lower than the other. We should not blame the project about what happened unless they have their own failed tasks as the ICO founder.
Quote
2. What is the positive impact of this new coin on Bicoin
this is free marketing for bitcoin. the more new coins that are born, the more people will hear about bitcoin. but it creates negative opinions for many peopleVery strange logic here
You say that new coins are free marketing for Bitcoin and then you proceed to say that they will produce negative effect on people's minds and opinions (the point which I agree with). So how is it free marketing really? It is negative publicity and it is definitely not the case when any publicity is good publicity. Further, I don't really think that these new shitcoins will make people more aware of Bitcoin. I'd rather say it works in reverse order, i.e. people learn about shitcoins through Bitcoin, not the other way round
I think it works in the reverse order in the majority of cases
I mean people first learn about Bitcoin, then about some altcoin. It is possible that some "novice investors and community members" may first hear about a major altcoin (for example, Litecoin or Ethereum), but it doesn't look very likely that they enter the cryptoscene through some unknown altcoin. I don't say that it is completely impossible (as it is definitely possible), I basically say that the odds of that are really low. So no free marketing here
Quote
2. What is the positive impact of this new coin on Bicoin
this is free marketing for bitcoin. the more new coins that are born, the more people will hear about bitcoin. but it creates negative opinions for many peopleVery strange logic here
You say that new coins are free marketing for Bitcoin and then you proceed to say that they will produce negative effect on people's minds and opinions (the point which I agree with). So how is it free marketing really? It is negative publicity and it is definitely not the case when any publicity is good publicity. Further, I don't really think that these new shitcoins will make people more aware of Bitcoin. I'd rather say it works in reverse order, i.e. people learn about shitcoins through Bitcoin, not the other way round
Giving a bad effect to BTC because a lot of developers or coin teams are not responsible for their projects, unable to maintain and be directly involved in the market, so their coin prices are destroyed, eventually investors and their communities are disappointed, because they feel their investment fails and loss. for those who are impatient they will panic sell. and some will not believe in crypto including BTC.
Technology move too fast for reality. We will be seeing more ppl with lost income. And the hodler for their children will be rich. Crypto is becoming the future of ur investment.
New coins are good to keep things interesting, even though majority of them are worthless soon to be shitoins, it ensures that the crypto world is an active one. Without new blood the market would be stale.
My opinion in this regard with the emergence of new coins and tokens has positive and negative effects.
1. The positive, gives the opportunity for beginners to succeed also in the world of cryptocurrency.
2. The negative, because people cannot get old coins, except by investing for those who know. while new coins can still be obtained by participating in bounty projects etc.
Now the Cryptocurrency is increasingly recognized by many in the world. With blockchain technology.
1. The positive, gives the opportunity for beginners to succeed also in the world of cryptocurrency.
2. The negative, because people cannot get old coins, except by investing for those who know. while new coins can still be obtained by participating in bounty projects etc.
Now the Cryptocurrency is increasingly recognized by many in the world. With blockchain technology.
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