I think it doesn't matter if it doesn't update or the price is too expensive for example the coin is that BTC doesn't have any further development and the price is already very high but people are still using the coin.
This can be applied to other coins that are not following the current trend. This coin may have progress that will develop in the future.
Topic: We should not buy outdated and overvalued coins (Read 457 times)
Whatever you said, Old Coins already have strong community behind while the newcomers mostly filled by weakhands.
Also EOS absolutely not an outdated nor overvalued coins, its still a coin which have big potential inside.
EOS never got pumped though and despite having the biggest ICO in the history of crypto market they never managed to gain as much popularity after the ICO was done and although the token ain't doing bad but never did too good either.Also EOS absolutely not an outdated nor overvalued coins, its still a coin which have big potential inside.
With the soaring prices and high transaction fees nothing from the top coins comes close to TRX because you won't be paying over $20 in fees or waiting for several days for a single confirmation so there is some usefulness for this crypto if you over look the team,vision etc
For sure and I will wish there are more projects being made on the TRC-20 chain instead of the ERC-20 because of the insanely high transaction fees there. I will not call BCH as outdated because its a forked coin and really I got some free coins myself so I am not going to talk about them.
What's with the old, already high-priced coins? it proves they have an already strong market. old coins also have a development that continues every year. even with new coins that only have a flash market pump will not give us a good market. For investment, I still believe in top market coins that have lasted a long time. Take a look at how the old coins make this market domination move.
those that do not have great potential in the long term, but for the expensive ones can still be considered such as btc and other major coins but the probability of going up is very high is not possible.
Why isn't it possible? Will future market conditions change to be even worse? because I see at the moment that the market conditions are still in good scope so that anyone can profit when starting trading on potential coins.For the price to reach 10x that would mean we need to be 10 trillion dollars and 600k dollars for bitcoin, that is over the whole global gold marketcap in the world, that would be difficult, not saying impossible because I will that will actually happen one day but you have to realize it is harder.
How about binance, that is third biggest coin, even that is simpler because it has about 30 billion dollars or so market cap, and only needs to 300 billion market cap for it to 10x in price. Go lower and you will see that it gets easier and easier and easier. Even from first place to third place we had 8 trillion 970 billion dollar difference, so you can figure out the rest very easily.
We can still make profit with those outdated and overvalued coins.
True, it will probably be easy as long as the market is pumping strong enough. During altcoin season, old altcoins have received more and more attention from trader looking to double their profit. Make sure the altcoin is still in the top 100 or top 50 list before you invest.We still need to do some analysis before investing in these altcoin, and this at least can raise awareness for trader and investor to know the potential that exists in the selected altcoin. It is better to have an analysis before a decision is made because we should not bet with uncertain expectation.
I guess that works. I can't recall that much but I'm pretty sure that Cardano is one of the top coins in CMC or I might have not been visiting the top coins that much.
I am still sure with ETH 2.0 though since it just doesn't die off in updates and even if it's old. It is still being developed continuously and that's how devs take care of their investors as well.
I am still sure with ETH 2.0 though since it just doesn't die off in updates and even if it's old. It is still being developed continuously and that's how devs take care of their investors as well.
Tron, EOS, Cardano and BCH are on the whole great altcoins, this is your own choice, everybody is allowed to make theirs, all these altcoins you called obsolete are superior to 90% of altcoins that got into crypto since 2018, well the decision is forever your.
you wouldn't really know if they are outdated or not until they are considered dead coin and delisted. OP listed tokens that are still actively traded anywhere with huge volume. its developers are also well alive and i can still read tweets from its developer especially that Justin or Dan Larimer.
One example is Tron 24 Hour Trading Vol $2,835,011,499 now you tell me why this coin is outdated even Eos is performing very well, both coins are progressive, they may not yet reach their potential and break their old record, but they are still in contention as one of the top coins in the market, let's give it to these coins, they've also contributed a lot to the community in terms of profit and popularity of Cryptocurrency, I cannot consider them shitcoins, their data in the market will speak for them.
We can still make profit with those outdated and overvalued coins.. I don't think that those are not good to buy because of outdated but for me those coins are gold, try to hold one of them and you will not regret. Take a look cardano unexpectedly it pumps at 10x and still continue to increase... I don't think cardano is outdated. You made the list of outdated coins but you never know those are good investment.
Tron, EOS, Cardano and BCH are all good altcoins to me, this is your own decision OP and I believe everyone is free to make theirs, all these altcoins you called outdated are better than 90% of altcoins that got into crypto since 2018, well the choice is always yours
Of course, that's the OP opinion and we don't really need to take it as real. because we have our own free will to do our own research. As for the author of this thread, he concluded his research with those lists, and if we wanted to do our own as well, we need to do our very own research and present it here with our own point of view. I think the OP has some point regarding some of the Altcoins in his list especially those coins that are already outdated's updates. Man, if you have a sound mind, you won't gonna waste some money to invest in that kind of coin. rather you will put your money to some altcoins that keep updating their investors mostly the OP has those coins in his lists just below the outdated coins.
Doing Altcoins research is very important because right now, so many Altcoins are in circulation. A very important rule so far is:
Don't buy outdated and overvalued coins!
A coin needs to be innovative to be a successful coin. So far, projects are unfolding in several phases:
- Vision Project develops a vision / whitepaper
- Trial Project tries to deliever a solution based on "vision" / product development starts
- Result Project is presenting evidence (after development) if it's working or not
Most projects fail in phase "Trial" because it didn't work and team can't deliever. After no innovative result was presented, some projects start to get lower expectations and switch assumptions. Development takes ages and a good product is always only "promised" but will never come.
Now, marketing will take over a large part instead of real progress. Marketing is done to hide failures and present very litte progress as a huge success.
And finally, it will result in an outdated and overvalued coin. It's often very similar! And we need to know to stop buying such coins because price will go down later.
Outdated and not innovative coins so far:
- Bitcoin Cash
- Bitcoin SV
- Cardano
- EOS
- Tron
- NEM
...
We should instead decide for new, innovative coins:
- Ethereum 2.0
- Avalanche
- Cosmos
- ChainLink
...
Having a look at development history is a very important part of doing our own research!
Don't buy outdated and overvalued coins!
A coin needs to be innovative to be a successful coin. So far, projects are unfolding in several phases:
- Vision Project develops a vision / whitepaper
- Trial Project tries to deliever a solution based on "vision" / product development starts
- Result Project is presenting evidence (after development) if it's working or not
Most projects fail in phase "Trial" because it didn't work and team can't deliever. After no innovative result was presented, some projects start to get lower expectations and switch assumptions. Development takes ages and a good product is always only "promised" but will never come.
Now, marketing will take over a large part instead of real progress. Marketing is done to hide failures and present very litte progress as a huge success.
And finally, it will result in an outdated and overvalued coin. It's often very similar! And we need to know to stop buying such coins because price will go down later.
Outdated and not innovative coins so far:
- Bitcoin Cash
- Bitcoin SV
- Cardano
- EOS
- Tron
- NEM
...
We should instead decide for new, innovative coins:
- Ethereum 2.0
- Avalanche
- Cosmos
- ChainLink
...
Having a look at development history is a very important part of doing our own research!
You are dead on. That's a really good point. A lot of projects have already mooned, look for cryptos that haven't increased in value yet. I like UTNP and 0xMR right now.
Don't buy outdated and overvalued coins!
A coin needs to be innovative to be a successful coin. So far, projects are unfolding in several phases:
- Vision Project develops a vision / whitepaper
- Trial Project tries to deliever a solution based on "vision" / product development starts
- Result Project is presenting evidence (after development) if it's working or not
Your rules are all correct, but I don't agree on the coins or tokens that are on your list, those coins are well qualified if they are not, they will be delisted on the exchanges where they are being traded and investors will dump them but it's not happening, and they will stay here for many years to come, you should do the right research on what coins should qualify in your list.
Tron, EOS, Cardano and BCH are all good altcoins to me, this is your own decision OP and I believe everyone is free to make theirs, all these altcoins you called outdated are better than 90% of altcoins that got into crypto since 2018, well the choice is always yours
Well I do have some trading with these coins and so far I have earned some profit out of it if you are going to ask me. I do think though that the OP might be suggesting the other coins because he has already invested on these aaaand wants to market it to us so we can be convinced as well to buy? Not sure but that is how I see it. Anybody promoting something is always a marketing stunt for me and I respect that, it's like reading a commercial on a forum. You watch it and still up to us if we want to buy it or not.
I agree with you, since it is not clear what can be expected from investing in cryptocurrencies that are no longer developing or slowly developing. For example, the same TRON is a top cryptocurrency, but the development of this cryptocurrency seems to have stopped long time ago and somehow I don't want to invest in such a cryptocurrency, so I bypass such cryptocurrencies as TRON, EOS, Bitcoin SV and Bitcoin Cash, because there are others top cryptocurrencies that still show incredible achievements and excellent development of their capabilities and technologies.
I do not agree to include Tron and Cardano as outdated projects, because Justin Sun as CEO of Tron is still actively doing promos to increase
demand for Tron on social media. Then with Cardano the price movements in the market are so extraordinary, this proves that the demand
for Cardano this year is quite high. So these two altcoins are very feasible for investment and can provide profit too. Most of the outdated coins
are old coins with low volume, then the usual overvalued coins on DeFi projects. Because of the hype that occurred on DeFi projects that
made it overvalued. So only choose DeFi projects that do have strong fundamentals.
demand for Tron on social media. Then with Cardano the price movements in the market are so extraordinary, this proves that the demand
for Cardano this year is quite high. So these two altcoins are very feasible for investment and can provide profit too. Most of the outdated coins
are old coins with low volume, then the usual overvalued coins on DeFi projects. Because of the hype that occurred on DeFi projects that
made it overvalued. So only choose DeFi projects that do have strong fundamentals.
I agree. The first thing to consider in buying an altcoin is whether its project is active in its development or not. There are projects which are all air and noise but no real development. Some projects are only promoted but there is no actual innovative product that would be useful in real life. There are also projects which are nothing but mere copycats or fork and are only existing because their origin is very solid.
Projects which are always upgrading and discovering new developments are always the ones with most potential. Ethereum is still the one who leads.
100% agreed, very good comment! Projects which are always upgrading and discovering new developments are always the ones with most potential. Ethereum is still the one who leads.
Researching a project and having a look how each project technically works, is important to spot outdated projects and avoid it. We all know coins from last bullrun which were promoted but were a big fail.
By sorting out old projects today we can avoid losses.
You can check their github acct if they have, for the progress that they are doing. Or updates of their app. Because if they are in active development, you will see that they are in continuous improvement of their services. Also, you can check their social media channel like telegram, to see if they are still active in responding to their supporters. Usually, they also give their updates in their socmed first before posting here in the forum.
I agree. The first thing to consider in buying an altcoin is whether its project is active in its development or not. There are projects which are all air and noise but no real development. Some projects are only promoted but there is no actual innovative product that would be useful in real life. There are also projects which are nothing but mere copycats or fork and are only existing because their origin is very solid.
Projects which are always upgrading and discovering new developments are always the ones with most potential. Ethereum is still the one who leads.
100% agreed, very good comment! Projects which are always upgrading and discovering new developments are always the ones with most potential. Ethereum is still the one who leads.
Researching a project and having a look how each project technically works, is important to spot outdated projects and avoid it. We all know coins from last bullrun which were promoted but were a big fail.
By sorting out old projects today we can avoid losses.
You have noticed that cryptocurrency has gradually lost its original purpose as a means of payment, and is turning into a commodity that is chosen, bought and sold. Well, if we consider coins from the point of view of a product, then you need to choose the best and highest quality. Now it is easy to find the information you need about a particular coin and decide whether it will be profitable to work with it.
Binance Smart Chain is trending today!
Bitcoins and other crypto were never meant to be used as a payment method either to be honest. I always thought of Bitcoins as an asset and because of the nature of transactions it was being used as payment method. Even during traders buy and sell crypto there are transactions made every time and I agree, when you consider any crypto coin as product its easiest to analyze and hence determine the value in future.Binance Smart Chain is trending today!
Binance chain is indeed trending but I would wait and see how it does, I almost agree with all the coins mentioned in OP but I don't like Tron because it is not doing much and it has become a coin which people are using to save transaction fees, but it does have the potential to actually bloom.
I did not understand what you are trying to prove, Ethereum 2.0 is innovative but the transaction charges are crazy high, the transaction charges for BSV and BCH are pretty low and that is what i call progressive even though they might not be having the same number of transaction like bitcoin. The rest of the coins i do not care and i never invested and not planning to invest either.
In any case, in order to avoid problems, it is best to invest only in those cryptocurrencies that are always in very good demand. But if we talk about this ethereum and high commissions, then I think that the current gas price is not an indicator that the ETH is losing its relevance. It should be borne in mind that along with the bandwidth, the demand for the ETH platform is growing and this accordingly affects the network load. Update 2.0 will fix this problem, but not as quickly as everyone thought.
you wouldn't really know if they are outdated or not until they are considered dead coin and delisted. OP listed tokens that are still actively traded anywhere with huge volume. its developers are also well alive and i can still read tweets from its developer especially that Justin or Dan Larimer.
ETH2.0 has yet not realized, why is it there already as innovative. While Cardano is about to have Mary for by the end of the month for the smartcontract they have. hos is this among the not innovative and outdated?
ETH2.0 has yet not realized, why is it there already as innovative. While Cardano is about to have Mary for by the end of the month for the smartcontract they have. hos is this among the not innovative and outdated?
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