Topic: What makes an altcoin valueable? - page 34. (Read 4625 times)
First of all it should be working project. You can’t trust a project that sells dreams. Secondly a coin should be well advertised and explained well to community. No matter how good a coin is , it worths nothing without a proper advertisement. Lastly it’s important for a coin to be managed by right people.
1. usability as currency with regards to cost and speed of transactions
2. additional use cases and value within the ecosystem of that currency
3. size and quality of the community
4. token or own coin? I personally prefer eth and neo based tokens and I am not very keen to put a large number of additional wallets for different coins.
2. additional use cases and value within the ecosystem of that currency
3. size and quality of the community
4. token or own coin? I personally prefer eth and neo based tokens and I am not very keen to put a large number of additional wallets for different coins.
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?
Three important factors are,product of the the coin you are planning to invest in,because most of the shitcoins out there doesnt have any good working product,the development team is the second factor because these people will handle the faith of the coin if it is going to achieve success or failure,third is the community because if the community wont support it even if the developers and products are good,it wont achieve any success.
Long term, I'd think the biggest driver of value is that large amounts of the coin is essential to the use of a product/service that people desperately want or need.
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?
Here we can't say about particular numbers of the factors that will make the altcoin valueable but there are many factors which make the altcoin valueable in cryptourrency market .First factor that I think is the technology that they use ,if the technology that they use is better then people will give better trust with that coin and will make buy in better amount .
Second factor is the development team have how much experience and how much remain always active to handle the activity of the coin day by day with different different services .
Third factor is to have the coin better economical support i.e if coin have better no. Of investors and also the onwer have potential to handle the dump and pump of the market of the coin .
Fourth factor is about the advertisement , more the no. Of the people will know about the bitcoin more will be the investors for the coin.
Fifth factor is that coin is listed at how many exchange , Because availablity at multiple exchange makes the coin more better for the market stability .
I think the most important are:
1. The product - What is the concept? It is useful or not?
2. The team - Are they experienced and well know?
3. The popularity - How popular is going to be?
Yes all of them are good but i think it is good also to be unity to there project it will sold quick. 1. The product - What is the concept? It is useful or not?
2. The team - Are they experienced and well know?
3. The popularity - How popular is going to be?
Project - what problem is it solving, what is the tokenomics, market cap etc
Team - experience in the field, experience with crypto
Community - a dedicated community who is supporting the coin, voting for it to get to exchanges, spreading the word, etc
Team - experience in the field, experience with crypto
Community - a dedicated community who is supporting the coin, voting for it to get to exchanges, spreading the word, etc
Observing the comments, all are well-didactic, but I will not quote 3, I will cite only 1 that without this the project can go down quickly or even withstand a market time, the veterans may agree:
1- Power to create expectations (belief)
I believe that this factor is essential, many old projects with great potential, despite having strong community, many have not even heard talk. In the case of Doge i always like to mention in cases like this, many believe that doge can become a market giant, despite knowing that it does not yet have that potential. Another currency that has this power is Waves, look at the investors' expectations, it's gigantic.
1- Power to create expectations (belief)
I believe that this factor is essential, many old projects with great potential, despite having strong community, many have not even heard talk. In the case of Doge i always like to mention in cases like this, many believe that doge can become a market giant, despite knowing that it does not yet have that potential. Another currency that has this power is Waves, look at the investors' expectations, it's gigantic.
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.
Doge though is considered to be used as a tip which is why I believe the community still rallies round it and being an old one as well, but I am still very skeptical how long this would be as time goes on.
I think to make a good altcoin takes a good concept, to attract people, experienced and highly reliable teams, to be trusted, and how popular the atcoin is to be bought by people.
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. First thing that makes the coin valuable is what solution the underlying product provides, it is better if there is already a prototype of the product,
2. The team putting forward the idea, what have they successfully done in the past or who are advising them.
3. third thing is how they are able to build a community around the project and professionally manage the community to be confident in them
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 is much to be developed if companies and developers want valuable altcoin. first, the altcoin must have ideas and technologies that exceed the altcoin that has spread. second, developer presentation should be easier to understand investor and have a promising future. yes, I think 2 things that can make altcoin very valuable.
Fundamentals.
- Team
- Use case
- Tokenisation
- Etc.
- Team
- Use case
- Tokenisation
- Etc.
i think the most important thing is the idea behind the project.
but actually based on your question what make a coin valuable is it usage - number of deals being made daily etc.
but actually based on your question what make a coin valuable is it usage - number of deals being made daily etc.
I believe one reason . Relation with a big country. If there is a country which is the support this altcoin , its a valuable coin.
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?
Real world usage(other people should buy it for just usage), benefits for token holders(dividend, some other utilities), transparency(unfortunately we don't see it enough)
My bet is on the following :
1. Team behind project
2. Project itself
3. Community is very important, there needs to be strong support
Always research about who is behind the project and what they did before, are they experts in their field,
so they have experience.
Research is the core to any of my investments, sure you can risk to put your hard earned money on something
that is hyped, but where the hype comes from (also research that) ? I would never put my money down on something
I dont believe in.
... Yes those three factors are common important to make altcoins become valuable, if without them it's impossible to make it happen. Obviously all opinions or the ideas are in similarities. I am believing your positive and sensible answer. Nobody could denied it if those factors could be united for the concept. 1. Team behind project
2. Project itself
3. Community is very important, there needs to be strong support
Always research about who is behind the project and what they did before, are they experts in their field,
so they have experience.
Research is the core to any of my investments, sure you can risk to put your hard earned money on something
that is hyped, but where the hype comes from (also research that) ? I would never put my money down on something
I dont believe in.
people would say its team member ,for me it's the technology and does it help to decentralize something or not , their roadmap , advantages over competitors . team members and advisers isn't that important . many young developers are very passionate about Blockchain and they can do creative stuff more than experienced ones .
Technology and team behind the project is one of the reason why altcoin be valuable in the market because a great developer need to improve their project to attract more investor or buyer and also a good technology to run for long term if the project have no real product it will became dead (shitcoin) in the market.
According to me the price of bitcoin, transaction fees, transaction time, concept behind alt coins are the reasons behind altcoin value. Also some people think some of them can give too many returns in future like bitcoin. Also too many newbie without knowledge investing in altcoin within really don't deserve he price and results in pumping of coin.
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?
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.
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