Topic: We'll continue to crash until we do this! (Read 157 times)

Exactly right, a large community does not directly mean the price will grow but it does so indirectly. That's because they spread word and encourage others to buy as well as buying more themselves. The only scenario in which a large community wouldn't increase the price would be if everyone bought, held and never ever mentioned it to anyone. That doesn't seem too likely to me.

indeed it must require reciprocity to increase the price of coins,
more and more enthusiasts will increase prices, especially if the coin holders are fewer than the coin buyers.

i think a large community also influences the price of a coin, if the community of a coin is large they will be able to attract many other enthusiasts.

but we cannot force the community to continue using the tokens they have. they have the right to keep him. Unfortunately, a large community does not guarantee the price of the token that will be high. because what is decisive is market interest. if the holder is a lot but the market nobody buys the token it becomes the same.

That is indeed true that most of use joining an ICO or bounty campaign to get so much profit out of it.
I think to keep this cryptocurrency world spinning would be to change the mindset of every people in this cryptocurrency world.
And it should be started from ourself.

There are so many speculators on the altcoins. Look at there are some coins that overpriced considering they have no product. Even the project that has already created a fully working product still undervalued and i can tell you some of them. People just try to use altcoin to generate money rather than put their money for long-term investment.

I agree perfectly tomwhat OP mentioned in this post. Only we as a communtiy can put value to the coins/tokens we use.  The more people use a coin, the more value it will become.  I support more transaction volume And the price will follow.  I like each of use to use coins/tokens rather than holding.

Bitcoin is different story here, even it's old it's the one that dominant of all cryptos.

What OP is talking about is those ico coins that later become shit as the community abandoned it and the real usage became useless. Everyday, there's new token that's being created and people use it as escape goat to their financial status so as long as we doesn't have a strong regulation otherwise we will be flooded by shitcoins.

It's hard to say we should do this or that as some people doesn't care anyway. Dumping became a habit.

I truly believe in this as well, and I'm really happy someone else who's not a legendary also sees this.

Utility, this is what will make the market survive, not technology (because blockchain itself is already the tech and the product), not marketing, not hype, not amazing roadmaps and amazing developers.

Look at Bitcoin for the proof that USE, people using it, that's what gives it value.

We have to stop buying altcoins for the sake of it. We have to stop this mentality of bounty hunting. But we won't, because we want our share of x1000, because we want that dream. But can we adjust the dream, and realise instead that if we all use the few that matter, even those eventually can be x100 or even x1000, if we just are patient?

You have valid points and it does reflect the current scheme of things now in Crypto. However, there is more to the picture that we fail to see. Money is still what drives everything. And in order for something to actually get start is funds are required. Who has the funds, the private investors. They are the ones who get the most out of these ICOs. The small time investors still are just getting by. Although, these private investors have their tokens locked. Crowdsale and even Bounty hunter share is still so miniscule to actually affect market growth.

Not all old coin is just worthless. Like bitcoin and many other coins. Some coins are good to hold because of its unique features, and the others are just a product of some FOMO pump and dump.

I'll respond with the little knowledge I've garnered from this space. Most of the people who invest in ICOs are mostly investors or people I'll call 'businessmen'. They care less about how a platform functions or even use of the coin they're investing. All they care about is the profits from selling those tokens once they hit the exchange.

For some projects, the full functionality of their platform takes a long time according to their roadmap, this makes a lot of people focus more on trading their tokens than usage.

well, that's true somehow
And that's why many people don't follow projects up to the latter part. They just promise ti bring tbe heavens down ti people and latter they wnd up not coming with anything solid. In the future, many of these projects wont happen again as ICO participation is gradually declining. It's also sad since this affects the good ones we have in the system.

rarely do projects that develop their projects to completion, I actually want to use their platform but the fact is that the development time of their projects is very long.

It has always been the same scenario. Value is driven from utility. People often worry too much about projects because the price isn't increasing when instead of focusing on that they should focus on how to increase the utility of the coin. When that is in place the price increase will follow.

Apart from ICOs that were purposefully for scamming investors, the rest that have listed are in the hands of their investors, or well token holders.

So if new coins are used for pump and dump then "hypothetically speaking" the investors deserve that. Because they cause that problem. If you're not ready to use a token, why then should you buy it? To pump/dump and kill the project?

We'll continue to kill people's zeal to join crypto until we all get a change of attitude which may not happen anytime soon (Because virtually everyone in crypto wants the bull run to cash out)....lol...In my opinion, we might take some more years to run the bull again..

are you implicting on dumping? if yes i agree. most of the investors are scalpers and didnt have long plans on their portfolio i think because of the volatility is killing us. most of us are afraid of losing.

yes I agree with you, what we need is available, old coins and the platform we can use. so what is the new platform for? new ico? all is just pumping and dumping away, no one wants to use a new product or platform if it ends up being just a worthless shitcoin.

well these tokens are created to make profit so you wanting to use them means you want to go against their purpose. it is like wanting to use a butter knife to cut your meat! you can do it but it is not sharp enough for that purpose! these tokens are made as a form of gambling. they raise some money, get pumped and then everyone exists as soon as they are listed on some exchange. those lucky lottery winners are those who dump first and it gets late as more people dump until the token (gambling game) is abandoned and everyone moves to next ICO (game).


they we don't need this many coins and tokens! there are nearly 2000 of them. do we really need to use all of them? of course not. we only need a handful, or even one that actually works. which brings us to the first thing i mentioned above: they are not meant to be used for anything other than speculation.

Crypto has been offering so many good things to us but our activities kill this good intentions. ICOs have led to the establishment of many startup companies but we are not utilising them effectively. (well, there are still good projects around).

Ideally, apart from you and me, no one else trusts to use crypto platforms but what do we aim- only to make x1000 profits overnight. No wonder an investor will set the price of a coin for less than ICO price that he bought because probably he got a bonus that can help him get out with minimum gain/losses. As for bounty hunters, the case even worsens...

Yesterday a coin got listed, today too same, tomorrow will be another story but at the end every holder is expecting to make huge profits and get out. Have you ever wondered why you don't see comments like "nice project", " this is a good one", "this project has vision" and so much more in telegram groups after token sale? That is because they are all going to sell and leave the project. So who should make use of the coin? Someone at home who has never heard about crypto before??

Our duty is to use these platforms because no one is going to use them. We need to stop thinking about these overnight profits and create value for cryptos. If we do that, people will trust crypto, we'll grow faster and then our "hypothetical" profits can come to pass. If we don't start creating value and we keep on thinking about huge profits, what happens next?, we fall!!

Peace!!!