Topic: question on long term prices - page 2. (Read 536 times)
It isn't at all easy to create something identical to it.. all the source code an everything else is highly concealed n uniqe..also it may be similar but never identical.. code is very difficult to copy line to line ...also there is is always a trust factor like first come first come types that is essentiallyvery important for high class business investors.. And I really think that the oldest and the.. thing from where everything started is more trustable.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
what i can say here that if you are asking for some sure thing on crypto then you are really wrong on this because there is no such thing on crypto. All of these coins are based on some speculation and it is always pump and dump, you just need to be lucky enough to get pumped and being unlucky when it is dumped. High volumes are depends on demands so whenever there is demand price will always increasing and that apply vice versa
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
There are lots of similar project which do launch on a short period of time and talking about on the similarity then its actually true why those people keep on making the same concept of a previous project why not on just supporting it instead rather than on making a new one. The main reason? because they do like to make money because if people would possibly buy their then they can really easily make money too.Its just like that which a normal thing on the market as of now and knowing creating a new coin is simple. Just do some works and make your coin attractive. 
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
what i can say here that if you are asking for some sure thing on crypto then you are really wrong on this because there is no such thing on crypto. All of these coins are based on some speculation and it is always pump and dump, you just need to be lucky enough to get pumped and being unlucky when it is dumped. High volumes are depends on demands so whenever there is demand price will always increasing and that apply vice versa
If you are a good developer or have a good team, you will be able to create such coin.
But creating a coin is not enough. You need to find investors and convince them that your coin is trustworthy.
Competing with an existing coin is not that easy especially if you don't provide newer and better services.
Any one can develop a search engine, but what are the chances to beat Google?!!
But creating a coin is not enough. You need to find investors and convince them that your coin is trustworthy.
Competing with an existing coin is not that easy especially if you don't provide newer and better services.
Any one can develop a search engine, but what are the chances to beat Google?!!
Based on bitcoin on how long term price, it is on how many people used or access bitcoin. It is based the increase of people who adopt bitcoin currency day by day. When we say long term price it reflects on how the demand being maintain. And also on how the supply being maintain.
You can't really stop anyone from cloning a coin. As you can copyright a product not the concept.
What matters is how you convince people that your coin is best than the prior one. Eg. There are alot E-commerce website selling same product but still Amazon is most used brand....reason is new players either unable to reach consumers or they are not able to convince users to buy product from them.
Until there will be a regulation but that will be only applied to the ico and not for those people are creating their own coin. If there will be no people buy it and then the altcoin that already created will be useless. What matters is how you convince people that your coin is best than the prior one. Eg. There are alot E-commerce website selling same product but still Amazon is most used brand....reason is new players either unable to reach consumers or they are not able to convince users to buy product from them.
People will always try to make a clone as much as they can. The people in these days are really smart enough. It's about the competition from one to each other.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
You are correct, anyone can create a new coin, or fork existing coins. But doing so doesn't necessarily give them value. Remember that bitcoin price is defined by the rules of a free market (supply and demand), so if no one wants the other coins, it will have no value. You can actually see something similar with all these new airdops. People create ICOs and donate almost all the tokens, and no one trades them, and they just have no value.
Also let's not forget how the network is maintained. Miners would have to move to that new coins, or new miners would have to decide to run the full nodes for that new coin. If there is no demand for it, they won't do it.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
If you are afraid about the price of bitcoin, then remember that till now the price of bitcoin was between 6000 and 7000 USD but after a long time its price jumped, the same case can occur again but if you want invest in bitcoin then you must be sharp minded and must keep an eye on the digital currency market and must be patient because in bitcoin patience is the key to success.
Rob31, you should remember that value/price of bitcoin is directly proportional to the demand. Further, Bitcoin being able to convince most people, it has come out with good reputation. It is thus a source of investment. Do not forget that it is more safer and more profitable than newer coins. That is how things have shaped up. It just happened that way!
Even if it has a function or a special niche on something it does not guarantee that it will be successful in the market as the market as of right now is not looking for function but price movement. Which means your demand won't be concentrated on your solo coin and it has been proven by Bitcoin for far so long now, there are altcoins that are better in terms of becoming a secure and anonymous payment method yet Bitcoin is the one who has the most expensive price out there because sadly it is the first to be offered in the market therefore making it more popular.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
Actually the price of crypto currency is based on it's demand so bitcoin having more demand than any other cryptos so the price is high even some cryptos have same functionality as bitcoin.If the new coin get enough support then the price of new coin will also increase.
That is why there are tons of alt coins, and we can stop people from creating new coin, there are some country banning them to create new coin but somehow it's not yet effective
Every one can create their own coins but they need to make other people attracted to used their creation coin, that is the point where most of people failed, so now people need to create coin that is different from other coin
Every one can create their own coins but they need to make other people attracted to used their creation coin, that is the point where most of people failed, so now people need to create coin that is different from other coin
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
Nobody can stop them from "cloning" a certain coin, lets say bitcoin. However, the clone coin even though not that expensive can't really take off if there are no miners and no investors to really jump start this clone coin.
Someone has really to promote this new coins, but how can you promote or at least gain transaction from community when it has no value to begin with? We would rather stay with the original coin, eventhough very expensive but has gained trust and confidence by a lot of people.
Look at Bitcoin Cash, similar to bitcoin and even improves it with a bigger block. However, the price is not even closer to bitcoin because the community does not support it and only a few has really used it as designed. It's merely another pump-and-dump coin. Little demand means its not gonna be sustainable at least.
The general consensus is, there will continue to be forks of bitcoin until it is no longer profitable. Forks are a relatively new phenomena, they could be overvalued at the moment. History will show what the true value of forks is. It may be fair to say there is some misinformation about forks being proliferated. False claims about forks having faster transactions and lower transaction fees. In reality both claims could be untrue, the reason for faster transactions/low fees may simply be a lack of support and small userbases for forked alts, which keeps network traffic low.
The market cap and value of alt coins could be misleading figures. The value of coins (other than BTC) decline very quickly when a sell off occurs. The sustained value of forks and alts is nowhere near as robust as btc, due to trading volume being lower and buyers more sparse, making it more difficult to sustain dumps. The market cap and value of forks and alts declines very quickly whenever a dump occurs, in contrast to bitcoin. It could imply figures like market cap and value regarding forks and alts are exaggerated.
The market cap and value of alt coins could be misleading figures. The value of coins (other than BTC) decline very quickly when a sell off occurs. The sustained value of forks and alts is nowhere near as robust as btc, due to trading volume being lower and buyers more sparse, making it more difficult to sustain dumps. The market cap and value of forks and alts declines very quickly whenever a dump occurs, in contrast to bitcoin. It could imply figures like market cap and value regarding forks and alts are exaggerated.
price is based on demand and demand is not just based on functionality, it is also based on security.
for example if you create a exact copy of bitcoin (not these forks that are changing things) without changing anything, nobody will mine it, no mining means less security of the chain and that means no demand.
Exactly, they just out all the features fronting their new clone coins to gain supporters. The higher the demand the higher the value it gets. Some turns out to be nothing and waste of time and efforts.for example if you create a exact copy of bitcoin (not these forks that are changing things) without changing anything, nobody will mine it, no mining means less security of the chain and that means no demand.
Others are just used for a moment trust then scams every supporters. Pity.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
Cloning a coin or branding your own coin entirely is not the issue rather is about your market that you have, marketing strategy and your team. Team is important if your white paper is good. Good luck.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
I got your motive and thoughts which i do really agreed on that one but this thing cant really be stop as long theres a greedy developer or owner would mind to create his own coin he wont mind if it would be the same idea as others as long he do launch it make easy money when they do accumulate investors on it. Knowing creating new coin would really be profitable on developers side. 
You can't really stop anyone from cloning a coin. As you can copyright a product not the concept.
What matters is how you convince people that your coin is best than the prior one. Eg. There are alot E-commerce website selling same product but still Amazon is most used brand....reason is new players either unable to reach consumers or they are not able to convince users to buy product from them.
What matters is how you convince people that your coin is best than the prior one. Eg. There are alot E-commerce website selling same product but still Amazon is most used brand....reason is new players either unable to reach consumers or they are not able to convince users to buy product from them.
Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
Well firstly there's nothing stopping them, but it probably won't be successful, other people have to use the other coin and that's no small task. Second to that, for a lot of bitcoins uses the price doesn't matter whatsoever. Say there's a company who want to send $1m overseas, it doesn't matter if bitcoin price is $1m or $1 they just send a different amount of bitcoin.
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