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.
Topic: What makes an altcoin valueable? - page 39. (Read 4629 times)
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The three most important factors of upcomming alt coin are
for me thats the most essential since community will have a huge impact on the Coin's price meanwhile a good concept with reputable team and advisors will attract more potential investors and it will increase the volume of the community
- Community
- Concept/Project
- Team and Advisors
for me thats the most essential since community will have a huge impact on the Coin's price meanwhile a good concept with reputable team and advisors will attract more potential investors and it will increase the volume of the 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?
Most imporant thing would be its product,because theres no product at all what would these developers do? develop nothing?second the developers should have good background from the past or they have atleast successful projects,third the community's support because if there is no support from the people who would give fund to develop the project?these are the basic factors in choosing a good altcoin investment. 
I think the team members is the most important aspect in the altcoin since a project with a team that used to work for big companies like Apple, Microsoft, Facebook, Twitter, etc, will attract a lot of investors and the community around it since a good team will make people believe the project will succeed. With a good team behind the project everything else like trust, liquidity, a product will follow later.
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?
Definitely, the platform, the one it tries to solve some of the coins that stay here in the market has real value because people are actually using their platform, just take a look on ethereum and Kucoin, people are using their platform so you can see people are buying their token/coin.
I think the law of formation of value is the same for all markets, first of all it is the demand for a coin or a token! In turn, demand is hiding many factors ... (capital, idea, team, demand in the markets ..)
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?
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?
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?
I think a valuable coin must give trust, first. Also, to reach a good volume and price, it must be innovative. In addition to these, I think an altcoin can not reach great successes without a good team.
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?
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?
Community seems to be the recurring decimal. We know luck is a big determinant of eventual success, but how does a crypto entrepreneur set about building such a 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?
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?
User base, user base and also user base. If there are milions of people who use the token, the token price will always be solid. If no one uses the token in real life it is useless and can go down at any moment. When an ICO starts check if they have a real product and a user base. Also check how token is supposed to be used in future. If you don't see any reason why would many people start using the token, then it is better to stay away from the project.
I think it is the application prospect of this project and the current development progress, which is the most important two points.
But at the same time, the development of the community cannot be ignored. A large community is the key to success.
But at the same time, the development of the community cannot be ignored. A large community is the key to success.
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
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.
Provides a solution for a real World problem or greatly enhances an existing solution.
Concept (It is all about the expectations), team members and advisors/ partners/ participated funds etc, hype over internet
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
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?
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