Topic: What makes an altcoin valueable? - page 29. (Read 4625 times)
first, the technology and features of an altcoin. second, the trust of people to the technology and features of the altcoin. trust is hard to come by and that gives value to an altcoin. this is my opinion
An Altcoin is valuable because of the several reasons.
Working product
Team
How organised the affairs is been handled
Announcements
Holders rewards
Many other things that makes an altcoin valuable
Working product
Team
How organised the affairs is been handled
Announcements
Holders rewards
Many other things that makes an altcoin valuable
First product and problem solving
Second team and adviser
And 3 is marketing strategy
Second team and adviser
And 3 is marketing strategy
I think these factors can make a Altcoin valuable. First Bitcointalk because it is the only forum for crypto related issues and also for project’s announcement by Ann thread. Second the whitepaper, roadmap and capital investments in the project. Third the team behind the project is experienced or not. Fourth and the most important community behind a crypto currency, which makes a very strong impact on its acceptance and growth in market.
Bitcointalk is just a forum and it has nothing to do with the value of an altcoin. There are so many other platforms where discussions about altcoins and so on do go on. Sure, a good community backing helps a coin a lot, but a coin or token without further development or any product that is sensible to make it usable, will definitely not have a good support and that is what differentiates a shitcoin from a good one.The user base, If there are millions of people using the token, the token price will always be unbalanced.If nobody uses a token in real life it's useless and can go down anytime. When ICO starts checking whether they have a real product and a user base. Also check how the token should be used in the future.
Yeah, the usage is very important and this cannot be possible as long as the altcoin is just there without any product attached to it. So many altcoins are like that presently and the only thing they are good at is being pumped and dumped and such coins obviously will not last. I still believe a time will come when some coins like this will be totally flushed out of the crypto space. Product will always speak for the value of any altcoin.
I think it is a new revolutionary type of currency like any other currency or unity of account, they only have value because people think it has value.
In my own opinion I think, the product they are trying to build, then the team behind it, then their community members most importantly their influncers
I guess the 3 most important factor is
1. Team and Adviser
2. Product or services offered
3. Marketing Strategies
marketing is very important. you need your coins to be well known so it will gain more value.
All those come together to usher a huge success for the altcoin. However, what really make it valuable is that product and how the people or users perceive it or see the need to make use of it. That is what is going to keep increasing the demand and as long as that is there, the value will keep increasing. Marketing strategy will obviously push the product out there, but even at that, if the altcoin has no product, it definitely has an expiry date. 1. Team and Adviser
2. Product or services offered
3. Marketing Strategies
marketing is very important. you need your coins to be well known so it will gain more value.
Technology, ideas and benefits in real life or benefits to its users, these three things should be the main thing for new ICO or altcoin in order to have high selling value. But sometimes this altcoins just pumped.
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
1. Team and project behind the coins
2. Product offered by the project
3. Trust from investors and community
Those three aspect are the most important thing in altcoin specially ico project.
If those three are good then the demand would be increase and valuable of the altcoin is not a dream
I think altcoin's technology is the most important for everyday life!
For example, XRP. Ripples began using technology block chain technology in 2012 to create a streamlined, decentralized payment system!
Many Banks cooperate with the company!
For example, XRP. Ripples began using technology block chain technology in 2012 to create a streamlined, decentralized payment system!
Many Banks cooperate with the company!
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
I think, the facts are not always like your opinion. Many projects have good teams. But their coins do not have good selling points. 1. Team and project behind the coins
2. Product offered by the project
3. Trust from investors and community
In my opinion, what makes the altcoins so important is the purpose and potential of that project. An ICO project should create a revolution for cryptocurrencies, such as Ethereum, which is based on the Blockchain 2.0 technology that created the revolution for altcoins, and then almost altcoins and ICOs used that technology to generate the ERC-20 Token.
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?
They way things are, any cryptocurrency can have speculative value these days. But if you really want to see your project succeed, you need a usable and innovative product, a good team of developers and a large user base, which will depend on the kind of product you're trying to develop.
altcoin will be valuable if the purpose of their circulation reaches the target and to achieve that altcoin must be owned by many people, they must display a good portfolio and respond to any information desired by people
First, of course, is the community behind it. Successful projects are often backed up by their wonderful and huge communities. Second is the coin's functionaility, on how it is used for its platform rather than how much it is. Third can be the status of its sale or ICO, successful projects came from a successful sale or ICO.
A good project is what makes an altcoin valuable. There are exceptions to this of course. But, if a good project raises awareness and gets people to invest and the token has a use, then it is likely the altcoin will be valuable.
Even then when the good project is recognized it can fail if the developers are not committed enough to make up with the expectations of the investors. Developers are getting tired in some phase of the project development and some of them are even tired of the constant work and that they must do in order to attract even more investors.
Because of the pressure factors, they are deciding to satisfy themselves with the money the had gathered in the meantime and the altcoin they were working is slowly becoming obsolete without the investors knowing.
So, taking that in regard awareness can also be false and the people must recognize for themselves if the purpose is satisfied and if the value is just temporary.
For be the core requirement for a coin to be valuable are
1. The problem the project is out to solve in the real world and the cryptocurrency space.
2. The comunity of investors and how influential they are in the cryptocurrency community.
3. The exchange platform where the coin is being exchange.
1. The problem the project is out to solve in the real world and the cryptocurrency space.
2. The comunity of investors and how influential they are in the cryptocurrency community.
3. The exchange platform where the coin is being exchange.
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?
1- dev team2-popularity
3-investors
What makes an altcoin valuable is the concept of the project. The more useful it is to the community the more interesting it becomes. It becomes useful if it can solve problems of the day to day transactions. Second, the people behind the project.
Trustworthy people, especially with expertise in cryptos gives a big impact to the investors. Last is the promotions-giving mainstream information, the way it was given is really a plus.
Trustworthy people, especially with expertise in cryptos gives a big impact to the investors. Last is the promotions-giving mainstream information, the way it was given is really a plus.
I think the thing that makes a valuable altcoin is when it actually has a real community-accepted application. That is why many altcoin applications are actually receiving great attention and the value of these altcoin is constantly increasing over time. Many people are concerned and do not invest in this market because it is not practical and they think that this market does not bring benefits to society so if the altcoin is applied in practice will cause altcoin to receive more support.
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