Topic: What makes a cryptocurrency (alt coin) valuable? (Read 4145 times)
I am sure that people do not know what it means to be a valuable tool in cryptography. If we talk about values, we say how useful and important it is that if we invest it in a project. We want to make a profit from a product that is available to everyone.
the frist - need alive market, we dont have it know, but also depends good team and idea, also advisors and investors
Among the altcoins there are also many very good coins. They have working projects, they are interesting to investors and traders. They have potential and therefore attract attention. Such coins will always be valuable.
After bitcoin, there was still a lot of cryptocurrency. Each of them is unique and is designed for something. The uniqueness and target character it is that makes various altcoins valuable.
The price is formed due to supply and demand. That is, at the time of trading. Supply and demand appear then, if this project will be interesting to people, if not, then it will not have a price.
There are good altcoins with good value. Meanwhile, there are determinants or contributors to the value of the altcoin(s). Although, i have also seen some that are just based on hype. Here, the price will increase, but it will easily dump. When you talk of a coin with value and that translates to a good price, such coin must have a good working product as well as a working team that is behind the project.
That is the product of that coin, in my opinion, it is a factor that determines if the coin is rising or not. If we see a coin growth then you know that the ICO product is widely used by the people.
That’s a good question that you have raised. I should say that the value of any particular coin, whether Bitcoin or any other altcoin depends on how much it is valued. Does it have enough investments? Is it gaining interest in the market? But ultimately, it all comes down to the number of investments that have been made. The higher the investments, the higher the value, and vice versa.
i think by the majority's willingness of making it valuable. so in that case the demand and supply enters upon the evaluation of a coin. i think if there are many supply the tendency of that coin value goes only low cost, while if that coin has a low supply then that coin may be valuable.
These days it is increasingly becoming so difficult getting trusted and loyal community for any project, this is as a result of so many failed, scammed and undervalued projects, community members aside the team, project specifics are very important. This contributes largely to the success of any. As long as a project has a good and trusted community of investors, the coin
will value
will value
it is definitely becoming valuable just because of product behind and team completing road map in time!
It is a requirement nowadays
It is a requirement nowadays
Hi guys,
i've been struggling to grasp the concept of what makes an altcoin or cryptocurrency valuable. Well, i understand Bitcoin meteoric rise as it was the first of its kind and there is an intrinsic value in its core technology that (just) might be the next primary mode of digital transactions in the future. However, is there really space for any more of such? Lets just look at the market cap, i could almost firmly say that among the top 10 cryptocurrencies, most of the owners of such coins all have a stake in Bitcoin. This translates of to a finite number of people in this whole cruptocurrency community just cycling their money round and round.
So why do people still believe in other coins and their price? Say an altcoin ICOs for abt $1/coin, what makes people see the value?
I hope people see the angle i'm curious about. Thanks
i've been struggling to grasp the concept of what makes an altcoin or cryptocurrency valuable. Well, i understand Bitcoin meteoric rise as it was the first of its kind and there is an intrinsic value in its core technology that (just) might be the next primary mode of digital transactions in the future. However, is there really space for any more of such? Lets just look at the market cap, i could almost firmly say that among the top 10 cryptocurrencies, most of the owners of such coins all have a stake in Bitcoin. This translates of to a finite number of people in this whole cruptocurrency community just cycling their money round and round.
So why do people still believe in other coins and their price? Say an altcoin ICOs for abt $1/coin, what makes people see the value?
I hope people see the angle i'm curious about. Thanks
Good question! I think most people also do not understand what the value of a large number of altcoins.
In fact, everything is simple, there is really no value, but many people think that after bitcoin and altcoins will increase in price, but this will not happen with all altcoins.
The value of cryptocurrency is strengthened by investors and the project itself, which should work and develop its product in the real world.
First of all, the project should not be scam. The project should be promising and can response to all requests in the future. In addition to this, the team should be qualified and compact. And then, altcoin can be valuable.
Sometimes it is not Returns that make a Project Valuable.... Value can be found in trying something new and Innovative like Crypto Flow.... Although Crypto Flow is looking like there WILL be Tasty Returns, it does not change the fact that Value can be found in things less directly connected to Coin Price and ROI.
Another example is PAWS.... This other Crypto is likely to give good returns sure, but my motivation in investing and the thing about it that I find to be of Value, is that it is for a Worthy Cause.
PAWS is to help Animals..... That gives it Value to me.
Check out the Link below and you could help Animals too!
https://paws.bjammerboy.io/7489/5415813
Another example is PAWS.... This other Crypto is likely to give good returns sure, but my motivation in investing and the thing about it that I find to be of Value, is that it is for a Worthy Cause.
PAWS is to help Animals..... That gives it Value to me.
Check out the Link below and you could help Animals too!
https://paws.bjammerboy.io/7489/5415813
in my opinion, what makes a valuable altcoin is how the project is defended if their project grows, of course, traders and investors will glance at the coin so that with the increasing number of people hunting for the coin, making the altcoin more valuable.
I can see a lot of people are trying to factor out their own reasons, but the major reason when it comes to any coin at all is the product and when you are talking about this project, you want to be considering the solution this project brings into the real world, how people will end up perceiving it and using it in the long run as this is the only thing that would bring in huge demand for it, and of course, cause an increase in its value over time which will end up sustainable and not just end up as one other pump and dump material. Value is just what people can make use of and what really helps them in their daily lives. Hi guys,
i've been struggling to grasp the concept of what makes an altcoin or cryptocurrency valuable. Well, i understand Bitcoin meteoric rise as it was the first of its kind and there is an intrinsic value in its core technology that (just) might be the next primary mode of digital transactions in the future. However, is there really space for any more of such? Lets just look at the market cap, i could almost firmly say that among the top 10 cryptocurrencies, most of the owners of such coins all have a stake in Bitcoin. This translates of to a finite number of people in this whole cruptocurrency community just cycling their money round and round.
So why do people still believe in other coins and their price? Say an altcoin ICOs for abt $1/coin, what makes people see the value?
I hope people see the angle i'm curious about. Thanks
i think that we can never be sure about what is giving our portfolio value , it is crypto and everything can happen , one thin is for sure , nothing is surei've been struggling to grasp the concept of what makes an altcoin or cryptocurrency valuable. Well, i understand Bitcoin meteoric rise as it was the first of its kind and there is an intrinsic value in its core technology that (just) might be the next primary mode of digital transactions in the future. However, is there really space for any more of such? Lets just look at the market cap, i could almost firmly say that among the top 10 cryptocurrencies, most of the owners of such coins all have a stake in Bitcoin. This translates of to a finite number of people in this whole cruptocurrency community just cycling their money round and round.
So why do people still believe in other coins and their price? Say an altcoin ICOs for abt $1/coin, what makes people see the value?
I hope people see the angle i'm curious about. Thanks
I used to think that the crypto tokens of ICO projects are something like companies' stocks. Accordingly, their value lies in the value of the company. However, the collapse of this year convinces that the value of crypto coins lies in the greed of investors. Without trading on crypto exchanges, such tokens are worth nothing.
There are a lot of factors that are making a good ICO. The most important is the working product, the market is overwhelmed with projects that have only a whitepaper. The team should show a great management as well.
A couple of factors determine how valuable an altcoin is, chief of which is the demand and supply of the coin. If the coin is in huge demand they're the market has seen value in it and at such it's value will increase as people will not want to sell except at a premium. Other factors include the activeness of the team with the development of the project and partnerships, and also increased use case for the project
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