Product, team and community makes any altcoin valuable. Without these 3 key points impossible to bring value.
Also without proper exchanges nobody will buy altcoin,because people want to buy on liquid exchanges
Topic: What makes an altcoin valueable? - page 14. (Read 4629 times)
The value of a coin is its team of strong, experienced people . This is the most important aspect of altcoin .
I think altcoins have value because of
1. Team and project behind the coins
2. Product offered by the project
3. Trust from investors and community
Altcoin are the new raising currency. According to many economist Altcoin will handle the future economy. Many things are present which make Altcoin so valuable. Altcoins is stable and less volatile because of this it is mainly used for many investment purposes. Altcoin mainly used for online money transaction. It provides its user safe secure fast money transfer facility with low transaction and this thing increase its market value. Many big multinational companies start investing in it and this thing also increase its market value. 1. Team and project behind the coins
2. Product offered by the project
3. Trust from investors and community
If one creates an altcoin today, what are the 3 most important factors that would make it valuable? Or 3 activities that would do so?
Well the reason altcoins are valuable is because their team is very strong and the performance of these coins are proportional to the hard work of their respective teams. Coins like TAU, NEO and POWR are excellent coins.
I think altcoins have value because of a. Team and project behind the coins b. Product offered by the project c. Trust from investors and community. I seems all qualities in scidex project, recently i follow up. 
If one creates an altcoin today, what are the 3 most important factors that would make it valuable? Or 3 activities that would do so?
Altcoins are valuable because of their teams and projects. These coins like PRG, NEO and XRP have a great team to work with that comes up with new ideas and works diligently. The innovation makes them worthy.I think that the most important thing it is support of the people. If a lot of people believes in some coin it has value. The same thing is with fiat money but there is state influence towards people.
Then again it is the technology that comes first. Imagine Bitcoin had some serious security flaws, people would lose trust instantly. Since it has no security flaws trust can be built over time.
I think that the most important thing it is support of the people. If a lot of people believes in some coin it has value. The same thing is with fiat money but there is state influence towards people.
The first is a solid community and team. Then, the product offered by the project has a high quality. And accompanied by a very good concept and varied so that product survived in the future.
That's what I think makes altcoin enduring and very valuable.
That's what I think makes altcoin enduring and very valuable.
To make a coin worth, first of all see if its platform is good or not, and if it needs to be used by a lot of people. If a coin altcoins have a good foundation it will always be thrive.
I think altcoins have esteem values because of the following:
1. Group and venture behind the coins
2. Item offered by the venture
3. Trust from financial specialists and network
1. Group and venture behind the coins
2. Item offered by the venture
3. Trust from financial specialists and network
For a coin to gain value, it needs to solve an existing problem. Most want to, at some point, use it as money, and maybe extend the ability to build smart contracts on top of this.Money needs to server three purposes:
1. Store of value
2.Medium of exchange
3.Unit of account
Every cryptocoin I have come across fails miserably at all these three.
1. Store of value
2.Medium of exchange
3.Unit of account
Every cryptocoin I have come across fails miserably at all these three.
The importance of any cryptocurrency comes from its usages, and the markets which accept it. We can watch now hundreds of cryptocurrencies, but I don't see any importance in most of them, they have been created just for trading, while there are about ten coins only can be used for useful things .
If one creates an altcoin today, what are the 3 most important factors that would make it valuable? Or 3 activities that would do so?
The community trumps everything.
Look at Doge - it was created as a joke, it was designed to be the opposite of Bitcoin. So it had very high inflation initially, it had infinite coins, it was designed to be mined on laptops, each coin was meant to be worth only a few satoshi, and so on.
But it's still there, it is still used, it has good merchant adoption, thanks to it's crazy community.
How does one create that community? Facebook pages, Telegram? PR?
There are many characteristics on which you can find promising altcoins, I think it's important to pay attention to the type of protocol, the speed of transactions.
I think that makes altcoin very valuable is the belief of society. As good as any technology brought altcoin if not trusted by the public then the altcoin is meaningless. This belief is very important to make a successful altcoin and gain a place in society. To achieve public trust, this strategy is required promotion and marketing of an altcoin with a planned. Without a planned strategy in altcoin creation then altcoin will not be meaningful in the eyes of the public. Therefore, if we love an altcoin then we can support our beloved altcoin by promoting it to a wider society.
I agree, the altcoin makes valuable is about the adoption of altcoin the society the promotion of the team to the public and the support of the public to the altcoin that's what makes altcoin become successful,meaningful and valuable.
I think that makes altcoin very valuable is the belief of society. As good as any technology brought altcoin if not trusted by the public then the altcoin is meaningless. This belief is very important to make a successful altcoin and gain a place in society. To achieve public trust, this strategy is required promotion and marketing of an altcoin with a planned. Without a planned strategy in altcoin creation then altcoin will not be meaningful in the eyes of the public. Therefore, if we love an altcoin then we can support our beloved altcoin by promoting it to a wider society.
If one creates an altcoin today, what are the 3 most important factors that would make it valuable? Or 3 activities that would do so?
The community trumps everything.
Look at Doge - it was created as a joke, it was designed to be the opposite of Bitcoin. So it had very high inflation initially, it had infinite coins, it was designed to be mined on laptops, each coin was meant to be worth only a few satoshi, and so on.
But it's still there, it is still used, it has good merchant adoption, thanks to it's crazy community.
Agreed, it's only logical. A good project cannot succeed without community but a bad project can succeed if it has a good community. They're the people who will buy the coin and promote it.
1. Community
2. Product
3. Team
Of course it is risky. But if there some good reliable company supporting the project and advanced technology related to the Crypto – than risk is minimal and justified.
A crypto currency may have value when it's platform can be considered revolutionary. The demand and supply will follow so long as it has its use for adoption. And most importantly it will have more value if it's funded well.
If the only thing that gives value to something is the funding itself, then the goal why the development has been funded was actually missed.
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