Topic: What makes an altcoin valueable? - page 33. (Read 4634 times)
There are a lot of things that can make an altcoin valuable. Many of the times, it's from promises. The team promises to deliver a product or platform and if they don't deliver, it can affect the price negatively.
1. The idea and product of the the project
2. Strong and experienced team of developer and marketing would make it more valuable
3. Commitment to make an altcoin valuable
2. Strong and experienced team of developer and marketing would make it more valuable
3. Commitment to make an altcoin valuable
The projects and concept of an altcoin will make it valuable .If the developers are legit and very active big possibilities that the coins will popular and trending.And of cour high volume of investors is very important because they will push the altcoin to be familiar in the market.
Of the many factors that could possibly affect the value of a coin, i think one that truly makes a great impact is the technology itself. If the coin's project or technology is very much improving and is actually realistic and could be used on a daily basis by the general public, then i guess your coin's value will continually increase. With it, a lot of investors will come in which in turn, will also affect the value of the coin.
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.
Right,i didn't expect it also,imagine a coin that was made (or just a parody) is still living and adapted by many people.It also has its own value now. 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?
There are many factors that contributes to make one coin valuable. First, the patronage of the people. The more investors and users, the more valuable the coin would become. Second, if the project will become successful and has continuity, then the coins will be more valuable. Third, if the coins will be listed on more exchanges, then we can say that it will be valuable.
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 first is about the utility of the token or the coin
then its availability to be exchanged on the stock cryptocurrency
third, the roadmap that runs
the formation of the liquidity of a token or coin, can come from a large stock exchange thus creating a great community as well
however, the registration of coins on exchange, should also be offset by the growth of the roadmap
I think to understand the concept that makes altcoin valuable,
the point is If nobody uses a token in real life it's useless and Provides solutions for the real world.
the point is If nobody uses a token in real life it's useless and Provides solutions for the real world.
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 first is about the utility of the token or the coin
then its availability to be exchanged on the stock cryptocurrency
third, the roadmap that runs
altcoin can be an appropriate trading alternative & some altcoins have their advantages such as ethereum, waves, etc.
Altcoin isa valuable because of the demands of the community. If more investors also are investing in that altcoins,then it will increase its price in the coin market cap. For me that is the reason why altcoin is in a higher value.
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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?
There are many factors that makes the altcoin valuable.First is the team behind it including the advisers. In my experience, the one who has a highly reputable person in their team are those who are reaching their hard cap easily in their crowdsale. I'm not saying that all but most of them.
Second is the project itself, if it helps people or if it is working. If their project is good and if it benefits the people then definitely they will invest.
Third is the transparency of the team. They must show their true profile and they must not hide something because if they will do it then it will be a bad sign for the investors.
Fourth is their roadmap. Fifth is their technology. How many tx per second their coin will do? What will be the use of the coin in their project? In their platform etc.
Last for me and one of the most important is their marketing strategy. How they can market their product in the online world.
This will help them in achieving their goal in the future.
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?
First, it could be their team. The capacity of the team to create and fulfill their roadmap, some greater minds could exceed what was expected and we have seen this on the top10 marketcap coins. Second, it could be the project. If that is reachable yet very useful for the world, I mean if it creates innovation and would really help the lives of the people. Third, it must be user-friendly. Having people who would want to join you project is a must. Not because it could help then people would join the project, hell NO! You must still consider the people who would use and would they feel ease when it comes to your project.
Alternative coin have a value bassed on atleast three components, first trust from the investor and market, second if this is has a valuable team that working on, third, projects that seems have a potential or interesting target that can benefit investors or trader or the users of it's platform. I think there is more but from above we can see how important of trust and needed can transform into value.
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?
If you want to create an altcoin today, first you must have a product to be offered that can be useful to everyone, second choose the team that well experienced and well known by the crypto community, and the most important is, you have to earn trust from investors and community by the help and support of your team members and making some advertisements and promotions of your project.
What does "valuable" mean? Would it be a long-term usability or short-term value, or something else? I think that a good project always beats a bad one in a long run, but in the short run, things could be much different. Also, a technically good project cannot even hope to win in the long run if it has a bad marketing.
Hence I believe that the most important things are:
1. Presentation - in the short-term, presentation is everything;
2. Technology - security, scalability, methodical system,....;
3. Community - not only support from fans and investors but also people that are active and filling developers with great ideas;
4. Marketing - OK, the presentation was good, but what after that? Do you know how to get a broader audience, are you able to connect with important people from the target industries?
Your post is really informative and very well explained. I agree with what you said. An altcoin will be valuable when its demand is high. It is when there are lots of people using it. It is how the community works with the aid of technology and good marketing strategy that will make successful investments. In short helping one another and contributing great and useful ideas will be a great help making altcoin to stay valuable. Hence I believe that the most important things are:
1. Presentation - in the short-term, presentation is everything;
2. Technology - security, scalability, methodical system,....;
3. Community - not only support from fans and investors but also people that are active and filling developers with great ideas;
4. Marketing - OK, the presentation was good, but what after that? Do you know how to get a broader audience, are you able to connect with important people from the target industries?
the fee is small for each transaction. and of the many bounties, they are all included in altcoin. and every participant who follows bounty, they will only get altcoin, and that is the best way to make a profit.
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?
One of the most important factors that would make it valuable was because of the unlimited support of their developer and investors. I know that it will take a long time before it become popular and valuable to other people and attract them to support and invest in their new altcoin that they made, but not giving up on what they started is what they need to do. If the new altcoin can be used for transactions, then that would encourage them to use it. And if the value of their altcoin is high then it can attract other people then to invest with it.
Community who keeps supporting, Whales group, Development in any area of the project, Active in social media, High Profit Mining token. Low supply but high in demand of the project.
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.- The number of people involved in the project, while more people join it will have a bigger market capitalization.
2.- The Mining process, if the coin offers a nice mining system or a high-profit mining system, more people will start mining, that mean more nodes in the ecosystem and a more stable network.
3.- The amount of bitcoins on the market for that coin, as you can see, there is lot of coins listed on exchanges, but not all of them have the same amount of bitcoins in the buy orders, so while more bitcoins you see in the buy orders, that mean the coin have a better backup at market
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