All of these comments are valid, I get it. However, I wonder how one could looked at statistics and figure this out. Do you think it is about the number of times a currency is named in the public? What is the data point that shows creates value?
Topic: What makes a altcoin valuable - page 48. (Read 5747 times)
I'm developing an altcoin that is based on social sharing. What foundational technologies are going to make it the most valuable? What makes an altcoin valuable? I'm wondering if it is just how much people hear about it? Thoughts?
More than technology or usability, its speculation or we can say community awareness which determines price. I have seen many ICOs not even launched their product or service but still coin price went 10x the ICO price just on the basis of investors' speculation. For instance, check POWR.
Let me give you example, Apple shares decreased horribly the day Tim Cook announced 20% fall in Apple China's sale!
Same theorem works in crypto world too. Coin is wholly owned to open market and its price fluctuates hugely by buzz and FUDs!
So would it be smart to launch a cryptocurrency into the market as a sharable currency before establishing an ICO? If the proof of concept is already working, would the ICO be better? I mean if the community is already there?
I made a youtube video that explains what to look for in ICO's https://www.youtube.com/watch?v=LLwHkIKhddw&t=0s
That should help you, PM me if you have any questions. Enjoy
Thanks for the video! Great set of questions to approach evaluating ICO's. That should help you, PM me if you have any questions. Enjoy
Value is a fabrication of man. If there's a demand for it (market) it automatically has 'value'.
Here's a little thinking excercise: What gives a little piece of paper with a certain number on it valuable?
Here's a little thinking excercise: What gives a little piece of paper with a certain number on it valuable?
You can use all the great technologies you want to make the coin a success but without money for marketing,the ICO will fail terribly.
true. feature set is nothing compared to marketing.
people are so confused they will do themselves harm gladly if introduced to proper ideas.
In my opinion the community gives it value. As it is with every currency, if its not used and accepted by the people there is no value in it.
Same goes for gold. After all that is also just a metal, if people decided to value iron more and do use that as a store of value that is commonly accepted, this maybe would be todays precious "gold".
Same goes for gold. After all that is also just a metal, if people decided to value iron more and do use that as a store of value that is commonly accepted, this maybe would be todays precious "gold".
Ability of governments to squeeze taxes out of the population (on issued obligation to pay, supposedly to some shady private bankers) is the main reserve of any fiat currency today. Unlike REAL currency (that they often call virtual) like BTC, which is supported by the CONTRACT(ledger consensus) between people, businesses and all the WILLING participants, by math, open source, decentralization, and more, all ensuring there's no "interested party" that can make unilateral actions to its own advantage. [Check out Greenspan testimony in congress in 2009 on the reasons for 2008 crash... and the main problem with the "free market" doctrine]
Now you know all you need about currencies. Do something awesome!
I'm developing an altcoin that is based on social sharing. What foundational technologies are going to make it the most valuable? What makes an altcoin valuable? I'm wondering if it is just how much people hear about it? Thoughts?
Just so you know,no altcoin is valuable because of its foundation technologies.The only thing that makes a coin more valuable it's the hype coin has created in the market which is again nothing but money invested in the marketing.You can use all the great technologies you want to make the coin a success but without money for marketing,the ICO will fail terribly.
I made a youtube video that explains what to look for in ICO's https://www.youtube.com/watch?v=LLwHkIKhddw&t=0s
That should help you, PM me if you have any questions. Enjoy
That should help you, PM me if you have any questions. Enjoy
I'm developing an altcoin that is based on social sharing. What foundational technologies are going to make it the most valuable? What makes an altcoin valuable? I'm wondering if it is just how much people hear about it? Thoughts?
More than technology or usability, its speculation or we can say community awareness which determines price. I have seen many ICOs not even launched their product or service but still coin price went 10x the ICO price just on the basis of investors' speculation. For instance, check POWR.
Let me give you example, Apple shares decreased horribly the day Tim Cook announced 20% fall in Apple China's sale!
Same theorem works in crypto world too. Coin is wholly owned to open market and its price fluctuates hugely by buzz and FUDs!
Actual usage of the coin in question is what makes it really valuable, there needs to be demand for it not only by investors but by actual users.
You're saying that you're building a coin based on social sharing. Care to elaborate on that?
Why do you think people need the coin that you're designing? What problem does it solve?
You're saying that you're building a coin based on social sharing. Care to elaborate on that?
Why do you think people need the coin that you're designing? What problem does it solve?
I'm developing an altcoin that is based on social sharing. What foundational technologies are going to make it the most valuable?
Just like the idea of steem that every valuable post, users can have a good way of earning at the same time while making helpful and informative articles through your network.
When it talks about "most" valuable, it is user friendly. This is what I can think of when it comes to the convenience of the users.
What makes an altcoin valuable?
There is a real use of altcoin because most of the altcoins now are used for generating profit purposes only and developers are too greedy enough to think about themselves and forget the real purpose of making it.
I'm wondering if it is just how much people hear about it? Thoughts?
If you want people to know about your social sharing altcoin, you had to advertise it.
In my opinion the community gives it value. As it is with every currency, if its not used and accepted by the people there is no value in it. Same goes for gold. After all that is also just a metal, if people decided to value iron more and do use that as a store of value that is commonly accepted, this maybe would be todays precious "gold".
I'm developing an altcoin that is based on social sharing. What foundational technologies are going to make it the most valuable? What makes an altcoin valuable? I'm wondering if it is just how much people hear about it? Thoughts?
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