Three questions for old crypto fans - page 2.

thecodebear

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Yes it is normal to invest in projects VCs invest in because VCs invest in major crypto projects.
Certainly possible for top 20 coins to fail. An immediate collapse like Luna is unlikely, but everything outside of Bitcoin (and to a lesser extent Ethereum) is just pure speculation so there's no reason why the 3rd, 4th, 5th, etc largest coin won't fail.

And yes there is a good amount of shift in the top 20 every cycle. In 2024 and 2025 for next bull market there will be a new crop of projects that will get hyped up and some of them will move into the top 20 or top 10. Because it's pretty much 100% speculation once you get beyond Bitcoin that means that newer projects will always replace some top older projects each cycle. This will continue to be the case until we see crypto projects actually start showing real world value that goes beyond bull market fads. You can expect pointless cryptos like XRP, DOGE, SHIBA to continue to drop and new projects to grow larger than them. And smart contract networks platforms like ADA, DOT, TRON, AVAX, etc may drop or may continue to stay among the top depending on their hype levels compared to newer projects in the next cycle.

eaLiTy

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Quote from: wiss19 on October 03, 2022, 12:10:02 AM

I don't know what you mean by VC's but it is always possible for any of the coins to fail even if they are currently at top spots. Luna is one of it but it's not the first or going to be the last. The key here is to monitor always your investments. Frequently check the updates around them and the news to get a hint if where will they head and you can decide whether you will take an advance actions or not.

VC means venture capitalist, since you took the example of Luna, Binance was a VC through Binance labs as they invested $3 million as seed fund in Luna and they had $1.3 billion in Luna holdings and it was clear that Do Kwon was withdrawing millions every month till it crashed completely and even a big giant like Binance could not identify these cracks, because if they knew they would have cashed out their holdings and do you really think that it is possible for an individual investor to identify when it might fall.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Well yes, Top 20 projects are shifting mostly every bull run. They are being replaced by new altcoins that is align with the trend and old coins are staying strong but they are being overlapped by newer once. If VC invested on a project, It doesn't mean that it is a sure rugged project but there a high chance that VC knows that they can make money from it so riding it along with VC wouldn't be a bad decision, Remembered that they are a business and they want to earn money from their investment so we could safely assume that the project they invested is carefully being researched by VC.

KingsDen

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Quote from: TribalBob on September 29, 2022, 06:19:54 PM

the top 20 coins can be said to be a perfect 98% coin in its market and community volume. If Luna's class suffers a loss, it's only natural. maybe luna is in shabby and worthless time just make history
top coins will remain in their position if Dev continues to commit to their goals, not stop in the middle of the road and must continue to develop and be innovative

I think that top 20 is high risk and could change any time even before a cycle elapses. The persistent of the bear market has changed or will change the trend. That is why I prefer to go for top 10. As bad as it might be, I am sure that all the top 10 coins will make it to bitcoin halving and all the top10 will survive the beae market. But this cannot be said of top 20 coins. If Luna could be taken by surprise amidst its market cap, it can handle to any random coin whose developers or team blinks eyes on the fast lane.
So, you do your own research even when VCs invest in a particular project, it's not an assurance.

Lagduf

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Quote from: BobK71 on October 01, 2022, 04:52:59 AM

Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

It cannot be said that any particular project will make a big scam in the future.The Luna scam basically failed to keep stable coin UST. But almost all the coins ranking from 1 to 20 are good coins with less chances of scams. But anything can happen in crypto. This requires careful consideration.

Luna may become the different case and that gives a very important lesson to us if stable token that doesn't have reserved funds to peg it will be a very risky investment. Luna has been used to peg its stable token which has been going down when the stable token become de peg.
That proves that mechanism that already used by luna was a failed. The new developers must not use such mechanism anymore

wiss19

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I don't know what you mean by VC's but it is always possible for any of the coins to fail even if they are currently at top spots. Luna is one of it but it's not the first or going to be the last. The key here is to monitor always your investments. Frequently check the updates around them and the news to get a hint if where will they head and you can decide whether you will take an advance actions or not.

The coins that are above the top 10 or 15 ranks are not really strong IMO so they can easily be replaced by the coins which are over the top 20 but they aren't always a new coin. New coins need to show their worth first before they can be able to join the top ranks.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

It cannot be said that any particular project will make a big scam in the future.The Luna scam basically failed to keep stable coin UST. But almost all the coins ranking from 1 to 20 are good coins with less chances of scams. But anything can happen in crypto. This requires careful consideration.

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Quote from: justdimin on September 30, 2022, 08:25:20 PM

Quote from: Wexnident on September 30, 2022, 03:58:26 AM

I'd think it's normal, but that's on the occasion where you did your own DYOR. It's a nice startup for look for investment locations though if you're lost. As for projects, well old projects that don't see any improvement are bound to lose their place and get replaced with new blood., especially in the case of crypto where a lot of projects come and go every year. And I'd reckon to compare the most similar scenario for Luna was that big altcoin scam that took years to build up before the owner just poofed out called OneCoin I think? So yes, it's not really a "failure" per se, but you'd see coins like Luna come and go as well.

I do honestly believe that old projects that do not improve and keep up with the times going to always end up being worse. Why do you think that ETH being the second biggest coin of all time still trying to improve and change some stuff and constantly have the need to develop? I mean they could easily say they are second biggest and be done with it, but they do not, and they keep working on it, why do you think that is?

It’s because if you do not keep improving then you are going to drop eventually. Same goes BNB and same goes for all the others, they all try to keep on evolving at all times to become something much bigger than they ever before.

If projects are only created for fundraising, or there are projects that are used to simply make pump and dump. Without a development team
that can continue to develop these projects. So projects like that I can predict will disappear and are very bad as an investment choice.
That's why when investing in crypto we have to make sure the projects we buy are really potential, by doing our own research and analysis.
That way we don't choose the wrong projects when investing, why new projects no matter how good are always more risky, because we can't
judge the track record of these projects. That's why ETH and BNB are so popular and in high demand, because both coins have a good track record.
Because ETH and BNB do have a solid development team and always develop their projects for the better, that's why they can survive in the crypto
world and are trusted by many investors.

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Quote from: Wexnident on September 30, 2022, 03:58:26 AM

I'd think it's normal, but that's on the occasion where you did your own DYOR. It's a nice startup for look for investment locations though if you're lost. As for projects, well old projects that don't see any improvement are bound to lose their place and get replaced with new blood., especially in the case of crypto where a lot of projects come and go every year. And I'd reckon to compare the most similar scenario for Luna was that big altcoin scam that took years to build up before the owner just poofed out called OneCoin I think? So yes, it's not really a "failure" per se, but you'd see coins like Luna come and go as well.

I do honestly believe that old projects that do not improve and keep up with the times going to always end up being worse. Why do you think that ETH being the second biggest coin of all time still trying to improve and change some stuff and constantly have the need to develop? I mean they could easily say they are second biggest and be done with it, but they do not, and they keep working on it, why do you think that is?

It’s because if you do not keep improving then you are going to drop eventually. Same goes BNB and same goes for all the others, they all try to keep on evolving at all times to become something much bigger than they ever before.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

....For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

You don't have to be in crypto for five or even ten years to find the answer to this. You can just check market data aggregators like Coingecko since they also show historical data. A good example it Litecoin which used to be a top 3 or 4 but it's currently sitting outside of the top 20.

I wish someone would create a video showing marketcap for the last 10 years. I've seen some people do it for top economies in the last decades.

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Quote from: serjent05 on September 30, 2022, 04:19:22 PM

Quote from: jossiel on September 30, 2022, 03:54:28 PM

True.

Many of those projects during the last bull run were hyped and that helped them to reach a better spot in the rankings. It's the reality but eventually, those projects that have been at the top through the hype will be out soon.

You forgot to include the huge amount of coins in circulation making their crypto market cap rise and belong to the top 20 altcoins.

That's included and investors that have been brought by the hype won't care much with that anymore. As they only see the current price and supply isn't a thing to them.

They're all for the quick profit.

Quote from: serjent05 on September 30, 2022, 04:19:22 PM

Quote from: jossiel on September 30, 2022, 03:54:28 PM

I have seen many of them in the past that they're up and high during bull runs but as year passes by, they're already out and that's what had made them forgotten.

That is because there are new altcoins and technology that make these previously ranked altcoins losses their market value. People will always look for new trends and new technology that makes the old one obsolete. And these factors are often seen on a new released coins and tokens that is why the cryptocurrency market rank is ever changing.

The new trends are coming we can't avoid them but to stay firm what we like or just go along with them if we want. The choice is on ours and that's going to be a factor whether you'll benefit from it or not.

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Recent studies suggest that VC-backed coins are some of the worst performing cryptocurrencies.
https://startupsandecon.substack.com/p/you-dont-own-web3-a-coinbase-curse

VCs don't really care about supporting a new coin for the long term, they are looking to cash out as soon as their coins get listed on a big exchange and there is a big pump. Most of these coins won't recover after they get dumped so as an investor you have to time the market and consider dumping your bags whenever a coin gets listed on Coinbase or Binance.

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Quote from: tjtonmoy on September 30, 2022, 07:54:50 AM

What I have learned from this is that you shouldn't invest in Altcoins unless you are a very good trader. Otherwise, you will never know what to come next in altcoin market. Because of the fact that altcoins are totally centralized, this makes it very risky. For me, I never trust any altcoins unless they are old and had made a good reputation in the crypto world already. There's no shortcut in life, so always try to take the long road. That's all I can say, and I think many will agree with that

I think one should invest in any project if they have enough knowledge about the project. No matter how good a trader you are if you messed up with your research and investigation of the project, you will suffer a huge loss. Traders become a good ones when they have all the knowledge they need on their trading items.

Quote from: jossiel on September 30, 2022, 03:54:28 PM

True.

Many of those projects during the last bull run were hyped and that helped them to reach a better spot in the rankings. It's the reality but eventually, those projects that have been at the top through the hype will be out soon.

You forgot to include the huge amount of coins in circulation making their crypto market cap rise and belong to the top 20 altcoins.

Quote from: jossiel on September 30, 2022, 03:54:28 PM

I have seen many of them in the past that they're up and high during bull runs but as year passes by, they're already out and that's what had made them forgotten.

That is because there are new altcoins and technology that make these previously ranked altcoins losses their market value. People will always look for new trends and new technology that makes the old one obsolete. And these factors are often seen on a new released coins and tokens that is why the cryptocurrency market rank is ever changing.

jossiel

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Quote from: wxa7115 on September 29, 2022, 10:10:05 PM

Quote from: jossiel on September 29, 2022, 03:06:40 PM

Yes and yes.

It is very likely that a new project will be replaced by a new one.

After all, the market's ranking is depending on the market cap of a project and when an old project gets lesser demand.

That is for sure will be its fate and that is to be replaced by a new one.

As for the projects likely going to end up like Luna, we do not know but yeah, possible.

And the replacement of the coins at the top has to do with the fact that even some of the top coins are there because of hype, so investors believe in them not because the actual technology the developers have implemented already but their potential.

And about the chances of seeing another coin cash like like Luna I think it is possible, we must not forget that at some point in time bitconnect was incredibly popular, even if most senior members in the forum warned people about bitconnect being a scam, people did not listen and something similar to what happened to the Luna holders happened to them.

True.

Many of those projects during the last bull run were hyped and that helped them to reach a better spot in the rankings. It's the reality but eventually, those projects that have been at the top through the hype will be out soon.

I have seen many of them in the past that they're up and high during bull runs but as year passes by, they're already out and that's what had made them forgotten.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Most likely the coin that will make its way to the top 20 is Cake. PancakeSwap has a huge impact on crypto today, especially those who trust the Dex platform more than Cex. Then what coin will go down in position? In my estimation Tron and Shiba.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

And also can we see another top project in the rank of 1 to 20 failed like that of Luna?

Something you should always bear in mind when dealing with crypto is that anything is possible. Apart from bitcoins and Ethereums that may likely not move from the first 20 or 10 position on the list of top rank projects, all the coins occupying other positions are not permanent there and can become affected by any new developments that we may not be able to predict now. So make it a duty to always stay atune with the market.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

To your first question i would say that basically every big project that has come out in the last few years has had big VC's that were investing in it pretty early, maybe even a few years before the token became tradeable for everyone else. So i would guess that most of the projects that are in the top 100 in terms of coinmarketcap had VC's investments before the public sale or listing. Of course there are a few exceptions like Bitcoin.
I recently invested a few hundred bucks in magicsquare which is a project that was also backed by BinanceLabs, Huobi and Kucoin because for me this basically means that a listing on those exchanges is almost 100% certain.
The top 20 in terms of coinmarketcap is always fluctuation a little. Back when i joined the crypto market i remember that for example IOTA was in the top 10 back then and waves also in the top 20. Now they are much lower.

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What I have learned from this is that you shouldn't invest in Altcoins unless you are a very good trader. Otherwise, you will never know what to come next in altcoin market. Because of the fact that altcoins are totally centralized, this makes it very risky. For me, I never trust any altcoins unless they are old and had made a good reputation in the crypto world already. There's no shortcut in life, so always try to take the long road. That's all I can say, and I think many will agree with that

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

do new altcoins always replace the present top 20 altcoins every crypto cycle?

It always happens but not in all coins. Some changes happen because the demand is changing as well but I see a lot of this on the top 21-100 coins.
We could be aware of this situation and a reason why it was risky holding altcoins for the long-term as it might happen that one day it losses its value unnoticed and brought us losses. But I believe they won't go far from their previous rank unless they turn scams as one of the most common reasons for losing their value in the market.

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Quote from: Harchive on September 29, 2022, 10:55:58 AM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

It always comes to what these new coins can bring to the table and if these old coins can't keep up with the pressure of the competition they will likely get replaced, with so many coins in the market and investors are looking to make a profit in a long term, it's very important for investors and traders to follow coins that they've invested because what happens to Luna can happen to any coins in your portfolio, and also be sure to check for new coins that get a pump in the same fashion like Dogecoin, do not just become a passive investor always check the market trend.

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