Topic: Why is there so much interest in popular cryptocurrencies? (Read 673 times)
large capital projects can be detrimental to more promising projects? Basically projects with large capital are more promising than projects with small capital. A project with large capital means it has many investors and usually projects with large capital also receive investment from large or well-known investors. and this is what attracts people's attention and makes people interested in being part of the project.
People are always interested in popular crypto currency for so many reasons, just imagine a system that has existed for a long period of time, with trust and transparency, will rather go for something that you don't know or the one you know the answer is well known to us, I think their are people like me in this industry that doesn't by the the idea of new project or an unknown cryptocurrency, let's not forget that the dealings involves money and no one is ready to lose his money to any form of scam, so I believe everyone wants to give their best to a scam free system.
Many investors still believe that many of these cryptocurrency projects especially the popular ones are highly suitable for investment.
This is not so because there are many popular projects that might not give us the kind of profits we are looking for just like investing in new projects that still have high liquidity and momentum. We need to be looking out for projects that would bring us profits than having the mindset investing in old cryptocurrency projects.
This is not so because there are many popular projects that might not give us the kind of profits we are looking for just like investing in new projects that still have high liquidity and momentum. We need to be looking out for projects that would bring us profits than having the mindset investing in old cryptocurrency projects.
Old projects which are beneficial one can give profit to only those individuals who are able to wait longer because in a day or month a person cannot get profit for what they are looking. I will always prefer to buy old and successful coins but we also cannot denied that new coins are profitable because we have seen many altcoins like that of BONK, ADA and XRP which are more profitable but are not older one.
Every altcoins cannot make a good reputation always and if we are leaving old coins with the intention of choosing new one without searching about it is not a better decision therefore without interest one also has to think that all altcoins are not alike so don't blindly act but invest after a thorough research.
We all cannot escape from one investor who will dare to provide a new project that has a good future in the crypto world and that is the reason why those who have large capital will be successful in every step they take..
Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.
Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
this is not just applicable in the crypto world alone, it's not always easy for an unpopular thing to be considered over a well known one no matter how great the idea of the new one might be.Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.
Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
People love and invest in bitcoin, Ethereum and other popular cryptocurrency firstly because of their popularity and their years of existence and no matter the greatness of the approach of another cryptocurrency that is just new to the market, what people can possibly do is to consider them a send alternative be its going to be very difficult to consider taking them over the popular ones.
This is the basic concept behind the success of popular crypto coins, people can easily trust bitcoin but if they wants to invest in old coins then they will hesitate to put money or not. People saw the success of bitcoin so now they can trust it blindly but it does not make a sense that without knowing about it you will be a successful person.
Most of the new projects are just for money nothing else so it cannot give you profit but longer term investment in Bitcoin can make you proud for your decision. Reading about project manager can be a helpful source to decide what to do and also remember that if project manager is unknown and also the coin is new to you then instead of putting your money into risk give a check to the token and then choose to buy or not.
Most of the new projects are just for money nothing else so it cannot give you profit but longer term investment in Bitcoin can make you proud for your decision. Reading about project manager can be a helpful source to decide what to do and also remember that if project manager is unknown and also the coin is new to you then instead of putting your money into risk give a check to the token and then choose to buy or not.
Bitcoin has trust and its growth has also helped the birth of many new altcoins. Not all altcoins are bad, some may simply not be able to compete even when they are traded on exchanges and then they disappear. there are even many more of them that are not listed on the exchange, only made for distribution but not traded.
but you also have to look at some of the potential altcoins that are currently surviving in the market. they maintain their projects and they build a larger market community. If you want to invest, avoid new projects, even though some new projects have also succeeded in surprising the market. but not everything will be as good as the momentum.
we’re dealing with money here i can’t afford to just throw away money in new and promising projects
You are actually correct about that. Someone can not justbuse because of a hype in a coin and invest in what will make you loose your hard earn fund.maybe some time in the future i am able to spot a young and promising project that i will able to nurture and watch grow
That is what most people do. They always look for a new project and watch it closely on how its gradually growing before investing otherwise you will just but bunch of rugpull. 
The reason why there is so much interest in popular cryptocurrencies is because they have been tested and trusted and you know they won't rug you, most of these new tokens you don't know them, especially their developers because most of them are anonymous, so the risk of them scamming you is huge, but a project that has delivered part of its roadmap, you know the technical capacity of the team and if they will deliver or not
This is the basic concept behind the success of popular crypto coins, people can easily trust bitcoin but if they wants to invest in old coins then they will hesitate to put money or not. People saw the success of bitcoin so now they can trust it blindly but it does not make a sense that without knowing about it you will be a successful person.
Most of the new projects are just for money nothing else so it cannot give you profit but longer term investment in Bitcoin can make you proud for your decision. Reading about project manager can be a helpful source to decide what to do and also remember that if project manager is unknown and also the coin is new to you then instead of putting your money into risk give a check to the token and then choose to buy or not.
Is this post something like a lowkey promotion of the project you have mentioned? But to answer your question, many people are interested with the known projects as they are already established unlike new projects, it's really hard to filter out good to bad project or even if the project is good, there's no support, funding, etc. and it still will not be successful. So, people have more interest to top cryptocurrency, it's like you are investing your money and you are going to choose.
The established one where you can earn and you know that it will not go out anytime soon or the new project that has a good purpose too but not market cap, no community yet, etc. of course as an investor that would be risky for you, and in the end, you'll choose the top coin.
The established one where you can earn and you know that it will not go out anytime soon or the new project that has a good purpose too but not market cap, no community yet, etc. of course as an investor that would be risky for you, and in the end, you'll choose the top coin.
Most of the time conservative trader choose to be safe instead of taking the big risk, though not all have that same concepts some still love to take a gamble and hope that new projects will give them decent beneifts when it starts to pump up, it still going to depend from how you manage your DYOR and how prepare you are taking that risk when placing your hard earned money.
Either way, crypto investment accompanied by risk, even how solid the project are, if the timing is not right you can still ends up losing your investment, better to established good knowledge first before investing.
Is this post something like a lowkey promotion of the project you have mentioned? But to answer your question, many people are interested with the known projects as they are already established unlike new projects, it's really hard to filter out good to bad project or even if the project is good, there's no support, funding, etc. and it still will not be successful. So, people have more interest to top cryptocurrency, it's like you are investing your money and you are going to choose.
The established one where you can earn and you know that it will not go out anytime soon or the new project that has a good purpose too but not market cap, no community yet, etc. of course as an investor that would be risky for you, and in the end, you'll choose the top coin.
The established one where you can earn and you know that it will not go out anytime soon or the new project that has a good purpose too but not market cap, no community yet, etc. of course as an investor that would be risky for you, and in the end, you'll choose the top coin.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
For me is the real use case of the project. The real impact of it. A project that solves a real problem.Because in the long term, it will win. Just like Bitcoin and Ethereum versus every new altcoins out there that is greedy and people only buying them without use cases.
BTW, let's say people like to be sure of what they are dealing with rather than just jump into a new project. More like, if you want to buy a product of any kind and you know one that has been working and has never had many issues, would you go for a new one that you're not sure of, or would you just buy the one everyone knows? The same is applicable here with cryptocurrencies. People will always rather buy Bitcoin or any other already-standing crypto than gamble with new ones that might be too shitty.
Very nice comparison. You don't want to get into the newer ones that you have proven yet than the ones that many have proven to be effective and nice. Aside from that comparison, the newer projects have lesser interest and let it known by its own developer introduce to its own communities and let it grow its way to the top. There are new projects that are typically cash cow of trades and investors and developers as well but didn't do good in the long run.
After reading through the content of this post, I kind of wonder if this is an advertisement or a normal post that seeks people's attention to know more.
I don't know if it sounds rude, but I will like to ask if you're part of the Cogitex project or if you're being paid to bring people's attention to the project because it's obvious that it's an advertisement.
BTW, let's say people like to be sure of what they are dealing with rather than just jump into a new project. More like, if you want to buy a product of any kind and you know one that has been working and has never had many issues, would you go for a new one that you're not sure of, or would you just buy the one everyone knows? The same is applicable here with cryptocurrencies. People will always rather buy Bitcoin or any other already-standing crypto than gamble with new ones that might be too shitty.
I don't know if it sounds rude, but I will like to ask if you're part of the Cogitex project or if you're being paid to bring people's attention to the project because it's obvious that it's an advertisement.
BTW, let's say people like to be sure of what they are dealing with rather than just jump into a new project. More like, if you want to buy a product of any kind and you know one that has been working and has never had many issues, would you go for a new one that you're not sure of, or would you just buy the one everyone knows? The same is applicable here with cryptocurrencies. People will always rather buy Bitcoin or any other already-standing crypto than gamble with new ones that might be too shitty.
Trusting these projects, is certainly not my plan, don't forget that even the most trustable projects end up failing every holders of the coin, for instance what happen to Luna, many investors lost their funds and couldn't breath well in the system. Bitcoins comes first in the list of cryptocurrency enlisted in the system, there's no other better way than receiving significant profits in the system. Crypto investors will always swing to the projects that's trending and forming the top bull candles this season. We have acknowledged how these things worked and I must say, we just have to be more careful when selecting projects, rather we should dwell on key projects and ensure to secure good winnings in the system.
I quick correction Mr Belarge, the most trusted project isn't an altcoin, and can never be an altcoin so long as Bitcoin stands. Bitcoin is the most trusted project in the crypto network, believe it or not, that's the fact. Altcoin are bound to dreaded because, no matter how many trust they've been able to get, I don't consider them worthy of my trust. And that is the more reason why I don't do altcoins. Any altcoin could crash at any given time and the crypto network would still go on, but if anything should happen to Bitcoin, more than half of the crypto investors will quit. Trend these days are what matters to investors now, but that same trend could get them into serious loss.
Actually the interest of investors nowadays are deviating from popular cryptocurrency, we have most investors now buying meme coins because they are expecting 10x or 5x increase, they think some of the popular coins are too expensive to buy just like Bitcoin. Yeah indeed they are expensive but that is just a sign that they have good future, Bitcoin is the most trusted cryptocurrency and I expect even more investors to buy fo their own good, above all coin it is the only coin I'm holding, even if the coin is more of long term investment I like it that way.
Trusting these projects, is certainly not my plan, don't forget that even the most trustable projects end up failing every holders of the coin, for instance what happen to Luna, many investors lost their funds and couldn't breath well in the system. Bitcoins comes first in the list of cryptocurrency enlisted in the system, there's no other better way than receiving significant profits in the system. Crypto investors will always swing to the projects that's trending and forming the top bull candles this season. We have acknowledged how these things worked and I must say, we just have to be more careful when selecting projects, rather we should dwell on key projects and ensure to secure good winnings in the system.
To me it isn’t about their popularity. I do not invest in something I do now know or do not like how it operates. I’d rather sit with something that i believe will make an impact than blindly investing in something based on people’s belief. Newbies are mostly the ones who jump on projects because of how popular or how much they’ve heard the name, but even at that, they may sometimes be lucky because good projects also have big names. For me when I hear a name I don’t know and everyone is talking about it, I dig in to know what it is about and not just joining the train because everyone is in it.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
The answer is trust. If you were offered to invest in a company that is already known to many people and a company that is still building its business but they promise extraordinary potential, which one would you choose? You are right in saying that people should also pay attention to small projects but the problem is can you guarantee that they will not cheat you? That's why when talking about investment, ordinary people will be more interested in large projects and as for small projects, there may be some people who are experts and understand the crypto sector and then invest there.
Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.
Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
Reputation is one thing that can't be over looked when it come to picking coins to invest with because this will have a lot to do with how profitable you will be in the crypto market, this is one of the reasons most persons will prefer highly capitalized project because they have lesser chances of collapsing anytime soon ,tho some other may appear promising but because they are yet to get that recognition and capitalization which would have been the confidence upon which some persons would want to invest in Bitcoin.Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.
Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
Personally what's more important to me when looking out for a coin to invest in, is their prominence over the years because that has a correlation with their capitalization which will guarantee some level of confidence in the potentials embedded in such project.
People wants to buy higher capitalised project because they have the ability to give a gurnateed profit like that of bitcoin which goes better as the time passes. From past most of the people become wealthy with the help of bitcoin therefore they make a stable basepoint due which people are still considering it as a better asset than others.
This is a very valid reason Simply put, of course most people enter the world of crypto space because they are interested in the benefits they might get. Not only for investors but for all parties involved in crypto projects. Whether they are developers and teams, promotion participants, investors, traders, and so on. Because they do it with the main goal, of course they want to make a profit, which of course ends in money, whether just income, passive income, wealth or success. And because of that, we are motivated to understand and contribute directly to it.This is not so because there are many popular projects that might not give us the kind of profits we are looking for just like investing in new projects that still have high liquidity and momentum. We need to be looking out for projects that would bring us profits than having the mindset investing in old cryptocurrency projects.
Actually the interest of investors nowadays are deviating from popular cryptocurrency, we have most investors now buying meme coins because they are expecting 10x or 5x increase, they think some of the popular coins are too expensive to buy just like Bitcoin. Yeah indeed they are expensive but that is just a sign that they have good future, Bitcoin is the most trusted cryptocurrency and I expect even more investors to buy fo their own good, above all coin it is the only coin I'm holding, even if the coin is more of long term investment I like it that way.
They are getting hyped because someone did millions but as you say it's deviating and most likely if they hop onto a new meme project it's either they'll make less or it will get rugged. Little did they know that they can make profit on those liquid proof cryptocurrencies if they are just willing to wait and hold it long term. Even the top 100 coins can make some profit if bull run really is here. Jump to: