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Topic: Three questions for old crypto fans - page 3. (Read 669 times)

legendary
Activity: 1876
Merit: 4532
September 30, 2022, 08:18:42 AM
#29
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?
In 2016, enthusiasts were interested in the cryptocurrency market, and there were no projects on the Ethereum ecosystem. Ethereum killers started appearing a little later, and most of the projects are now in the top 20 in the cryptocurrency ranking. New ethereum killers have not appeared for a long time, except for the CHIA.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 30, 2022, 07:48:49 AM
#28
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?
Maybe. Every project, whether new or old projects and top projects ranked 1 to 20, can fail like Luna did because it depends on how the team can manage the project to survive various situations. And in the end, we see that the Luna project is a bad example for every project so it keeps everyone on the team working at their best and ensures the project continues to work well. We have also seen that some new coins can replace the top 20 altcoins, but that doesn't mean the coins thrown out of the top 20 altcoins are bad because maybe the new coins can provide something that attracts investors investors choose the new coin to invest. Invest.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
September 30, 2022, 05:50:31 AM
#27
If tou really consider this then somw potential projects after the Dot, ADA, TRX are in my opinion these coin will show their legacy in the coming bull run but for new list i will preffer the things as Near, ICP and LINk you can CHZ LEO in this list but first preffered top three in my list not a Financial Advice. Its for information only by my point of view
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
September 30, 2022, 04:58:26 AM
#26
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.
hero member
Activity: 1666
Merit: 453
September 30, 2022, 04:29:48 AM
#25
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?

Since the pandemic entered, I have not seen any new altcoins enter this industry that has replaced those in the top 20 ranking in the market. If there are any, it's just a few new altcoins that have been replaced.

Because what usually happens is that the majority of the top 20 in the cryptocurrency market has always remained, it is not true that every time new altcoins appear in the crypto space, these new tokens replace those in the top listed 20 in the market.
legendary
Activity: 3248
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
September 30, 2022, 03:17:04 AM
#24
Been around that time also. It was when more of the users has the enthusiasm to really support projects thinking this is the future. The prices of the tokens including Startis and Lisk and etc shoot to the moon while we got them for less than $0.20 I believe. Comes bear market after 2017, none had ever improved.
If I may add to than, remember QTUM back in early 2017? They were like the Ethereum killer or the next Ethereum if I'm not mistaken.

But look at it right now, no one remembers this project, Lol, but back then it's highly touted even here in our community and we've seen support and consensus. But after 2017, it's forgotten as new projects comes along and overtake it with better and improved technologies.
Alright, some memories are coming back.  Wink
I remember Lisk, I was using it only for gambling (Dice in Yobit) and I didn't even know it would shoot like that. I regret even selling it early and gambling it away.

Then QTUM, TravelMug was right, $100+ was the ATH of it and then after some time I never heard about it too. I sold this at $20 each, iirc.
This proves even if they have good platforms or features it will be difficult to preserve a good spot in the altcoin market. Continuous support is an important part of their market to avoid being forgotten.
legendary
Activity: 3276
Merit: 2442
September 29, 2022, 11:55:03 PM
#23
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?

1- depends

2- Possible. Iota used to big in top 10 and now it is pretty small. It happened before and it will certainly happen again. Altcoins come and go all the time.

3- So far it did. Somehow eth didn’t get replaced but the others lost their spot in top 10 with every new cycle.
legendary
Activity: 3010
Merit: 8114
September 29, 2022, 11:52:03 PM
#22
Is it normal to invest in projects that VC's invested money on?

"Normal" as in a lot of plebs do it, but I don't recommend it as the goal of every VC is to suck as much cash from the plebs as possible while contributing nothing to the ecosystem or community in return. Basically look at every project that Animoca Brands, Galaxy Digital, 3AC or Andreessen Horowitz has ever sponsored -- pretty much all cash grabs designed to capitalize off the goodwill and participation of actual cryptocurrency enthusiasts.

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

I'd say there is a significant likelihood of this being the case. ATM I see XRP, DOT, SHIB, TRX, AVAX and LINK as being the most likely contenders.

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

No, not at all. Some come and go but some have been long-standing institutions that will likely remain in the top 20 for years to come... including the stablecoins.

LUNA and TUSD were spectacular failures that will be hard to replicate. Justin Sun is certainly trying his hardest to replicate them with TRON, but more likely TRX will simply fade into the background rather than crash & burn.
sr. member
Activity: 700
Merit: 250
Vave.com - Crypto Casino
September 29, 2022, 11:17:39 PM
#21
Lisk is one, it didn't really fail but I think the support just went down because of the new coins and projects that came out.
It will happen like a cycle.
In a year or a couple, there will be new players or old ones being hyped by some billionaire or whales to put them in the high rankings. But, I won't be so sure about their intentions, it may not be good and was only done for selfish profits. That is where you have to be careful with.

Not only Lisk but you can look at the topcoins of 2014 and 2017, most of them have been downgraded and replaced with current potential coins. I don't know if that's hype but I can see the old topcoins are too outdated compared to the new altcoins, they do not meet the needs of today's investors, so replacement is inevitable. There are still irreplaceable projects like ETH because it provides necessary solutions, always evolving with the times, so no one can replace it.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
September 29, 2022, 11:10:05 PM
#20
  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 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.
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
September 29, 2022, 11:07:01 PM
#19
If you want to see the safer and more powerful side of the crypto market then take a look at the top 10 but it has to make more sense because we can't look like 2016 anymore. The opportunity is not as big as it used to be, there are many altcoins that have greater potential and will continue to increase so we can choose them instead.

Yes, my opinion for your question above is normal, especially for investing like this. After all, it's hard to say which projects will work and which won't for now. You are better off investing in something that looks promising than leaving your money in the bank which is sure to depreciate over time.
hero member
Activity: 2632
Merit: 833
September 29, 2022, 10:56:11 PM
#18
Lisk is one, it didn't really fail but I think the support just went down because of the new coins and projects that came out.
It will happen like a cycle.
In a year or a couple, there will be new players or old ones being hyped by some billionaire or whales to put them in the high rankings. But, I won't be so sure about their intentions, it may not be good and was only done for selfish profits. That is where you have to be careful with.

If I may add to than, remember QTUM back in early 2017? They were like the Ethereum killer or the next Ethereum if I'm not mistaken.

But look at it right now, no one remembers this project, Lol, but back then it's highly touted even here in our community and we've seen support and consensus. But after 2017, it's forgotten as new projects comes along and overtake it with better and improved technologies.
hero member
Activity: 1414
Merit: 542
September 29, 2022, 10:52:40 PM
#17
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?

Since crypto is cyclistic, I would say Yes on your 3 questions.

VC knows some inside information or at least they have a bird eyeview and so they are the one who invest first on a company that will blow up in the future. So it's normal I would say to inves on those projects being endorse by VC.

Maybe projects in the last 4 years have been a boom or bust. They started hot going as high as 10-20 and then disappear. It's how crypto works and only prime mover coins will have a chance to stay in the market for many years.
hero member
Activity: 3038
Merit: 617
September 29, 2022, 10:08:20 PM
#16

Never run out of projects in blockchain. Smartcontract platform competition was the first to have come up and outranking each up to this day.

Lisk is one, it didn't really fail but I think the support just went down because of the new coins and projects that came out.
It will happen like a cycle.
In a year or a couple, there will be new players or old ones being hyped by some billionaire or whales to put them in the high rankings. But, I won't be so sure about their intentions, it may not be good and was only done for selfish profits. That is where you have to be careful with.

Been around that time also. It was when more of the users has the enthusiasm to really support projects thinking this is the future. The prices of the tokens including Startis and Lisk and etc shoot to the moon while we got them for less than $0.20 I believe. Comes bear market after 2017, none had ever improved.

Maybe because I sold and unsubscribed already but I should be seeing threads in the forum if they were to update investors. No one talks about them anymore in the forum.

legendary
Activity: 3248
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
September 29, 2022, 09:54:57 PM
#15
Lisk is one, it didn't really fail but I think the support just went down because of the new coins and projects that came out.
It will happen like a cycle.
In a year or a couple, there will be new players or old ones being hyped by some billionaire or whales to put them in the high rankings. But, I won't be so sure about their intentions, it may not be good and was only done for selfish profits. That is where you have to be careful with.
legendary
Activity: 2072
Merit: 1023
casinosblockchain.io
September 29, 2022, 09:40:22 PM
#14
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?

Investing in VC-invested projects is also a factor to evaluate the quality of projects, for example, Binance Lab funds most of the projects they invest in are successful because they have a team of research and thorough screening before investing. But that does not mean that the project they invest in will not be a scam in the future, because they are also investors and not project owners. So you can rely on that and do your own research and then decide to invest.

We are in a young, open industry, so it is normal for old projects to be replaced by new, better projects with more utilities. That shows that the market is developing very well, which is a good sign.
hero member
Activity: 2072
Merit: 656
PredX - AI-Powered Prediction Market
September 29, 2022, 07:58:57 PM
#13
Is it normal to invest in projects that VC's invested money on?  
We really can't deny that VCs may be one of the parties that are usually considered when investing something in the crypto world. However, this is not the only element and reason. Even though VCs invest in new projects, we must also analyze further whether the project is really suitable and worthy for the long term, or just for hype. Because many people only take advantage of the hype so that the project will easily fall.

And also can we see another top project in the rank of 1 to 20 failed like that of Luna?
I am sure that non can predict it exactly because the fall of LUNA is also unpredictable at that time. We saw LUNA as a very promising project with great progress and development, but suddenly it is fallen down and made this as shit now. So, it may be possible, but we can't predict exactly. And hopefully, this will never happen again, enough only for LUNA.

For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?
IMO, it's possible.
Some may take over others, the new one may get higher and some on the top previously may be replaced. As we have seen on some coins or tokens previously. But, not all top coins are replacable. It will depend on each project. But, exactly, it's undeniable to see this probabiloties.
sr. member
Activity: 1330
Merit: 257
DGbet.fun - Crypto Sportsbook
September 29, 2022, 07:19:54 PM
#12
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
legendary
Activity: 3752
Merit: 1415
September 29, 2022, 06:46:47 PM
#11
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?

Will a top 20 coin fail like luna...YES.  If history has taught us anything its that nothing is forever in crypto.  The next bullrun there will be other projects and flavors of the month that take over and nthose coins will pop in the top 20.  Only thing that has been constant the whole time...bitcoin.  everything else is temporary.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
September 29, 2022, 06:36:43 PM
#10
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?
Copy trade can be a thing, but always following someone's decision might put you on a bigger risk so better not to rely on anyone and don't make any decision if the top investor adopt a project, that doesn't mean it's a good one.

Old project like NEM/XEM was on the top 20 before but due to the competition they are not able to adopt it and now they are down to rank 90. It's really possible to replace the old project by the new one, this is a very competitive market and if you failed to develop new things expect the worst scenario.
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