Topic: We should not buy outdated and overvalued coins (Read 443 times)

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.

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.

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I will not call BCH as outdated because its a forked coin and really I got some free coins myself so I am not going to talk about them.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.

Well, the main idea of bitcoin or ethereum type of coins having hard time doing 10x whereas others can do it easier is the fact that it requires more money. For example we are at nearly 60k right now in bitcoin right? And the marketcap is over 1 trillion dollars?

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.

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.

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.

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.

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.

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.

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.

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.

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.

100% agreed, very good comment!
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.

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 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.

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?

as development with the token still runs investors might wants to work on custom with the dispute of funds as expecting with the limit of returns and more to prepare with same or similar plan on future terms to complete as appealing with use of strategy on measuring market of the crypto finance.

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.

Bitcoin is BSV and BCH. IF you call one of them outdated then all three of them are. Value of cyptocurrencies are far from their technical fundamentals. Coins with strong fundamentals can easily be overlooked. Their value wil show only in many years to come.

Dr Kim talk here about it.
Behavioral Finance, Cryptocurrency Markets
https://www.youtube.com/watch?v=REC5V7d3pqM&feature=youtu.be

Not all old coins are outdated and overvalued because the old coins can increase anytime, especially if the team can still work for the project and they want to see the project will succeed and online for a long time. What @OP is saying about outdated and not innovative coins is not right because we do not know what will happen to that coin. The old and new coins have the same opportunity to increase, and it is about a matter of time for us to see which coin will have the potential to increase in the future.

I do not agree if you mention the Cardano coin, including coins that are not innovative. I think you are wrong and don't understand about Cardano. It looks like Cardano is more innovative than some of the coins that you think are better.

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.

I very much agree here, good comment. We can clearly see which project is active and which project is not active and it's also a result of price.

Also good comment I can agree to. Every coin will be considered valuable if it's getting used. We can see from Bitcoin and Ethereum here, it's getting used and result is a high price. While coins like Tron and Cardano - nobody uses it. A coin not being used is useless. I totally agree here.

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I clearly want to ask what's your problem here to make accusation? You have just written gibberish accusations and defended shit coins, so what? Are you king of altcoin analysis or what?! I have only given my opinion here and written why it's not good to buy outdated coins. It is provent facts. If you want to buy outdated coins, good luck getting rekt.
Are you defending your shitcoin bags or just don't have any clue to do research?

And I've never owned any of it if you want to know, so stop making conclusions where you have exactly ZERO proof of, degen!

Funny! So you say people don't buy because of tech? I cleary say you don't know much about doing good reseach. A coin needs good tech and if it's not good tech, it won't have success long term. It's a very flawed assumption for every coin will go up and tech will never matter.
Tech is most important and useless shitcoins will fail and become useless. If you don't want to realize, you will make a big loss!!



For me, progress and tech is important. Projects need to build a working product and Cardano failed now for 4 years to make it work. Always delay, always empty promise, same like Tron, same like EOS. Only empty promise, marketing and BS.



I don't see where Bitcoin and Ethereum are outdated. Bitcoin and Ethereum have many active devs, users and a big community. Bitcoin will establish as a store of value and for internationl transactions and Ethereum will become currency of tech. I can see some coins more maybe for every day payment like Ethereum 2.0 or Avalanche, we don't know yet. ChainLink will be coin of interoperability. Maybe also Bitcoin has a chance for Lightning.



Hi! Yes, I wrote Tron and Cardano is outdated and not innovative coins. And here is why:

I wrote it based on tech because every project needs to consider a moving market: 
Yesterday it was fast payment
After it came ICO and later DeFi
And finally is coming NFT

All projects need to adopt especially DeFi and NFT, developers need to develop fast. Tron didn't deliever, only empty promises, Cardano didn't deliever, only empty promises. For 4 years now. Only marketing while people don't do research and buy. DeFi and NFT does not work for such outdated projects, nobody will use it. Price is just so high because of good marketing from Tron and Cardano. People believe it while it's only empty promise but in reality outdated tech.




You should stop your accusation here and instead do your research before comment. I made a list based on proven facts where I said it won't be a good decision to buy uotdated coins. You can clearly re read my OP and make your research better instead of personal accusations, yes?
It is very clear or why should outdated projects stay relevant?
New crypto requirements for projects are to support BIG DeFi and NFT, and enable linked Chains (ChainLink) to improve interoperability. Do you doubt? If yes, you should maybe just buy stocks.
Crypto is a fast moving market and outdated projects won't be successful. Just look at Tron, where Justin Sun is an idiot, just makes marketing and never delievers a ready product. Same like Cardano, it is always only news but never a real product. WHERE is DeFi and NFT for Cardano? WHERE? it is not existand because Cardano is an old and outdated project based on hype, marketing and speculators greed. It is using an outdated approach, nobody from DeFi really mentiones it! Same like EOS! Nobody professional from DeFi sees it relevant, it's only speculation, greed and marketing. No real technical fundamentals.



We need to have a look at some good projects, not all new projects are innovative, only few:
- Take ChainLink: it has provided a completely new traget: DeFi. Future crypto will all be linked and ChainLink has found a strategy to become really innovative here
- Take Avalanche: Avalanche is a completely new consensus where we won't see any problems for SCALING. Transactions are fast, cheap and development is only 1 year so far compared to 4 years for Cardano. Imagine what Avalanche will have achieved in 4 years!
- Take Ethereum 2.0: So many devs are in progress here, sure it takes time but do you really expect, Ethereum, where mainstream has made bets will fail? Vitalik Buterin is genius, he knows very well what he's developing here und he's right, he should not rush because rush makes mistakes. Ethereum 2.0 will be powerful and will make Tron, and Cardano look very bad.

It's how crypto market is moving.

New crypto-currency project has really been able to provide any real life usage apart from means of transaction or development of order snap-on tools like bitcoin and ethereum respectively so it is kind of strange to claim that some new points are innovative when in reality we haven't really seen their impact or their use in the mainstream this is why I believe that as long as the crypto please include has no block chain issues and is easily treatable with a very good community parking I believe you can buy and hold that type of crypto

Its true that we need to conduct a research before investing in any coins because thats how we can determine if the coins are worth to buy and hold to give us profit.

But I dont agree with your list of outdated coins, these coins are proven not to be a shitcoins and already exist for years. Its clearly not belong to a pump and dump scheme unlike other coins that only increase through hype.

not only you mate, because tron and cardano is my favourite altcoins now,
but the OP wrote if both altcoins is outdated and not innovative coins so far and for me this is unreasonbale

I agree with you on opting out of holding or purchasing dead projects. It's my personal opinion that I really don't think one should be buying coins that may be dead or who's development has slowed down to a crawl. There are a lot of projects that have cropped up over the years, especially since the big boom and bust of 2017. Many projects have been unsuccessful. However there are still a few gems out there in the rough that just haven't had a chance to shine yet!

Talking of outdated, I thought you would have coins like dogecoin in there which was almost left for dead until Mr Tesla happened but surprisingly I saw one of my favourites "TRON" in the list which is shocking tbh.

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

I only treat those Bitcoin forked coins or similar names to be shit coins specially Bitcoincash but there are still people who are really enjoying for the sake of profit making
but for overall support then I surely doubt that.Im not saying they are outdated but I don't feel on touching those.

These outdated projects you had said then I  don't think that they do really belong to this group. EOS and NEM and ADA? I don't think so.

I do see these projects are still worth for you to consider on.

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.

i agree with the OP if we must doing our best research before investing in any altcoins project,
but i disagree if the OP add Cardano as outdated and not innovative coins, because a lot of great thing happend in this alt now, and already made this cardano become stronger altcoin day by day, in this case i think the OP should learn more about cardano

maybe i agree if bitcoin cash, bitcoin SV and NEM is a part from outdated altcoins
but i disagee if you add cardano, eos and tron in that lists mate,
because at this moment cardano, eos and tron is a part from the best ethereum competitors

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!

If you can call all these coins outdated it doesn't leave Ethereum and bitcoin out of the list since they have outdated utilities, many new projects beat bitcoin when it's comes to utilities but Bitcoin just happened to be the best even with it's old tech, who cares anyways? You've made your choice OP I prefer old coins more anyways

I don't know why you are calling TRON, EOS, Cardano outdated. they are old projects but they are not outdated at all . they are getting fresh updates regularly, the devs behind them working well. so I don't agree with you about the mentioned coins.




100% agree with you. if they were outdated they would not stand where they are standing now. they are reaching to new ATH everyday.

Can't say much about bitcoinSV but every other altcoins you made mention are popular and active altcoins, they are no way undervalued and outdated, instead you start talking about Ether 2.0, what do you think makes ETH2.0 different? Avalanche is a new altcoin and we can't say what the future holds for the project, sometimes old projects are just way better

And was dumped because of Elon Musk's tweet. This shows Dogecoin is just a pump and dump scheme coin.



Definitely, I agree! FOMO-ing is a bad thing because it often leads investors to bankruptcy or bag holding worthless tokens/coins.  Always look for an opportunity to buy at a discount.  Cardano brings innovation to the table, so I guess it is also one of those few that will have an impact in the cryptocurrency industry when the time comes.

There are many things that defines and directs the price. Bitcoin is not special for its use case but people trust it due to its nature and decentralization. Bitcoin could easily be called outdated and overvalued. But it don't mean it won't go any higher. Everyone should research and know your preferences. Adoption and use case could make it easier to predict. Decentralization in my view are more important than technologically advanced tokens that are controlled by some institutions.

I don't like the way you raise investment issues on projects with such information. If we say it's obsolete and overvalued, let's think of BTC that looks too outdated . While many people do not know this market, every major currency has the opportunity to increase in price. In fact, the things you say about loss of time and high price, I have not seen examples from you, For you, the projects that you mentioned I have never thought of them as obsolete and highly valued projects.

The importance of making research before investing in the cryptocurrency space cannot be overemphasised. There are several moribund projects in the space and this has increased the number of worthless tokens. To be on the safe side, one needs to know how a project is faring and the commitment of the team towards the project development. Its a known fact that the usecase of a project contributes immensely to the success of the project and a project without a usecase may find it difficult to succeed in the long run.

As far as I know ADA is still pumping and kicking in the market now and been in the top 1o same to BCH, they may be outdated to you but they are still profitable and having news in crypto now, they are so called gems in the market and we can't erase the fact that many coins appear to be more profitable and promising but do not neglect those coin who stays at the top of the market and still giving news and updates, they are more stable than new ones.

To begin with; investment is about taking good profits; be it by investing in bitcoincash or eth or btc, all that matters is your trading skill and research works. Also on what grounds is tron an outdated or overvalued coin ? Tron is a very competent platform; with a very bullish future; staking features, freezing features, massive adoption on the trc20 et al. Do your research though, your capital, your investment

Tron, Cardano, EOS, BCH are all top altcoins, if they are outdated they would have lose that position already, how many new projects have reach where these altcoins are today? Since 2018 only DOT project enters top 10 position, isn't that a big shame for all new projects? Don't throw away gold looking for stones

One of your outdated coin though, ADA is still on the top list of altcoins and making good grounds in the last 2 years so I don't know how can you call them outdated. So we can't say that some coins are outdated and overvalued when they are in the top 20.

So your argument is flawed in the beginning. How about new coins in your list and let's say moving forward 3-5 years from now, will they be outdated as well? And there are some outdated coins still in the market but they are undervalued. So there is no formula here, depends on how crypto people are going to support new and innovative coins.

Dogecoin only pumped because of Elon Musk's tweet. No other reasons than that.

From OP's post, I still prefer Cardano to be a good investment. I've known it for long and they keep up to date with their roadmap. Some of those new innovative coins are still overhyped to me so I don't plan to buy them yet until a massive correction happens. A coin that increased more than 50% in less than a month is likely to dump soon.

Apart from Bitcoin and Ethereum most of these post 2020 projects are likely to die and people need to start to reduce their exposure to them in these cycle, most of them have product people are not using, also some have spent all their ICO money and even sell the tokens meant for the development of their platform, check all these if the team have reserve or not. 

Exactly, I believe every one in crypto space have their own view to why they consider some project and consider them outdated because to me, what good is Dogecoin? but we saw what happened some few weeks ago and this will happen occasionally to some projects even when you classify then as outdated because some one or group took a sudden interest in them. How many of us in crypto actually use those cryptos for what they where developed for? like the in-Game coins/token, do we really acquire them to be used for gaming or for trading and make money? i bet your guess is as good as mine.

It appears you are on a self propaganda about outdated and over priced project, you have made 3 post now related to this topic, why are you so bitter with this project you have named, if you invested and did not make good profit - which is the major aim of %99 of crypto investors, then move to another promising project according to you, don't waste your time hating on what you have no control of,

Let me ask you, do you know most people buying eth or any other coin are just for profit making and not because of tech! the most important thing here is to make profit, only developers are concerned more about eth 2.0 so stop kidding yourself, you won't benefit more investing on eth than the price pump, if you are not a dev why are you making so much noise

Honestly, the only coins out there that have any non-zero intrinsic value are the ones that have a use-case, everything else is a pump-and-dump fad coins. Bitcoin is a prime example of this with almost world-wide adoption, other coins serve a purpose in their own isolated environment, such as a Casino token used for gambling.

Overall the investor has to do their own research as you said

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

What you call it as success? High prices and huge market cap?

Most of the cryptos are shit because it is nit useful in the real world which is same with ethereum right now, so we need to wait for ETH 2.0 to complete then invest on it or simply buy now and wait for it?

I agree that we should avoid investing on cryptocurrency which is not useful but your kind of analysis is wrong because it was made on price than reality.

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!