Topic: Why is there so much interest in popular cryptocurrencies? - page 3. (Read 630 times)
In every industry investors will want to put there money in products that they're near 100% sure that they'll make profit, so cryptocurrency is no exception. You'll want to go for a crypto coin that guarantees minimal risk, that you're sure that when the right season for harvest comes, you'll be sure of having your ROI. Instead of a crypto coin that you're not sure if it'll survive to see the next day. It all depends on investors goals, whether they're into taking high risks for high profits, then they can gamble on new altcoins, because you'll never really know the ones that'll be profitable and remain relevant for you to get your ROI. With bitcoin and top altcoins, you wouldn't have to worry if they will still be in the market for the next bull run, you go to sleep and wake up happy, because you know that your crypto can not turned to shitcoin.
I believe because on new projects, even if promising, there is the uncertainty of a possible profit, whereas with a project that has large trading volumes on the exchanges it is easier to trade
For new projects it will be easy to see a lot of user enthusiasm too and perhaps the simple answer is that everyone wants profits. If you ask about the potential, of course it's definitely different. Yes. Trading volume has an effect too and that's something you need to pay attention to like you say.
I hope your purpose in creating this thread is to exchange opinions, not to promote a particular project.
The crypto community focuses more on projects with capital or projects with large amounts of funding because they are more confident that the future of these projects is brighter than projects with smaller capital. The large amount of funding collected also indicates that the project also has many large investors and this further increases public confidence. This is a fact that is happening now, competition in the crypto world is getting tighter and projects that are unable to compete will be abandoned.
Even if there is little doubt that the amount of money behind a project shows in a way the seriousness and the support behind it, at the same time it is not everything, as we have seen many coins over the years which had fantastical backing collapse as what was behind all of that money was not solid enough to guarantee the profits investors expected out of the project, and as soon as this was found out investors decided to abandon the coin and a huge crash becomes inevitable at that point. The crypto community focuses more on projects with capital or projects with large amounts of funding because they are more confident that the future of these projects is brighter than projects with smaller capital. The large amount of funding collected also indicates that the project also has many large investors and this further increases public confidence. This is a fact that is happening now, competition in the crypto world is getting tighter and projects that are unable to compete will be abandoned.
What if not and you are investing in this project and lose? At least investing in known altcoins gives them some assurance that it will never turn into a scam project but these new projects even though they have the potential are likely to turn into a scam. That is why, they've preferred to take risks in old altcoins rather than taking risks in these new altcoins, and aside from that, they don't have problems with these old coins which would really matter a lot if you are investing.
I'm also surprised and I often see people willing to buy up to 2 BNB for new tokens, and we see a lot from the campaigns that I'm part of too. even though the project was just launched in the Bounties (Altcoins) thread.
For those who take risks on old coins, I think it's natural because some of them already know the origin, performance and future potential. so it's natural.
we’re dealing with money here i can’t afford to just throw away money in new and promising projects just for it to fail although it will generate huge profit i just can’t do it right now this applies to everything people tend to gravitate towards names that has been fool-proofed and is well-respected
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
You are pretty much correct, that we are looking out to make profit, we should not allow our emotion to control us to make a wrong decision. Crypto currency could be profitable but in other words could also be dangerous when not taken proactive messures. When investing, one should always check out for Crypto currency that has the substance that is Worth purchasing for. Otherwise you get fucked up due to hype of popularity. Morover most popular coin on cmc which are top gainers always end up becoming top lesser. That is to say there is no good thing that come so easy time matters alot in whatever thing we do. Sometimes we judge a project by how long it has exited and it's success so far before adventuring into it. In other for us not to end up buying junks. 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
I hope your purpose in creating this thread is to exchange opinions, not to promote a particular project.
The crypto community focuses more on projects with capital or projects with large amounts of funding because they are more confident that the future of these projects is brighter than projects with smaller capital. The large amount of funding collected also indicates that the project also has many large investors and this further increases public confidence. This is a fact that is happening now, competition in the crypto world is getting tighter and projects that are unable to compete will be abandoned.
The crypto community focuses more on projects with capital or projects with large amounts of funding because they are more confident that the future of these projects is brighter than projects with smaller capital. The large amount of funding collected also indicates that the project also has many large investors and this further increases public confidence. This is a fact that is happening now, competition in the crypto world is getting tighter and projects that are unable to compete will be abandoned.
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 if not and you are investing in this project and lose? At least investing in known altcoins gives them some assurance that it will never turn into a scam project but these new projects even though they have the potential are likely to turn into a scam. That is why, they've preferred to take risks in old altcoins rather than taking risks in these new altcoins, and aside from that, they don't have problems with these old coins which would really matter a lot if you are investing. 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.
Why won't they? Interest to put it simply is associated with demand. And it just so happened that popular coins are ones which generates most profit in comparison with ones being not popular at all which are now called 'dead coin'. Indeed with 'dead coin' you will be able to purchase an amount to be held for a long period of time however given that interests in these type of coins are low, this could be examples of coins we should avoid to atleast lessen your worries as an investor. Investing with less active coins are seems to be digging your own grave to investments. Then with this ideology, a domino effect triggers after a huge dump making it hard for the 'bike' to recover.Popular coins are most of the time early coins in this industry wherein there are already communities of their kind.
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.
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.
Its because popular cryptocurrencies establish their own reputation that's why majority of investors have confidence that they will not rug pull by those established project. Unlike those new ideas where people is not totally sure if there planned technology offered to people will really happen since commonly what happen to them is if they already accumulate millions of dollars in funds thru presale then usually they will not care about the whole thing and think about let their project die naturally by listing it on small exchange.
That's why many can't take the risk investing on new project since scamming is usually happen and its hard for new investor to fall on that traps since they would provably take time to recover since its hard for them to decide if they trust another project or not. So if they are new much recommended to anyone to go first on reputable crypto since it could give them more better results.
Established cryptocurrencies have a reputation that inspires confidence among investors, making them less susceptible to scams where developers abandon projects after raising funds. New cryptocurrencies with a lack of a solid track record face a greater risk of failing or being abandoned by their creators. While new cryptocurrencies can present exciting opportunities, they also carry inherent risks. Investors should carefully evaluate the risks and potential rewards before investing in new cryptocurrency projects.
Established cryptocurrencies have earned their reputation and investor confidence through time, community support, and transparency. New cryptocurrencies, on the other hand, face greater scrutiny and skepticism due to their lack of a proven track record and potential for scams. Investors should approach new projects with caution and conduct thorough research before investing.
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.
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.
Its because popular cryptocurrencies establish their own reputation that's why majority of investors have confidence that they will not rug pull by those established project. Unlike those new ideas where people is not totally sure if there planned technology offered to people will really happen since commonly what happen to them is if they already accumulate millions of dollars in funds thru presale then usually they will not care about the whole thing and think about let their project die naturally by listing it on small exchange.
That's why many can't take the risk investing on new project since scamming is usually happen and its hard for new investor to fall on that traps since they would provably take time to recover since its hard for them to decide if they trust another project or not. So if they are new much recommended to anyone to go first on reputable crypto since it could give them more better results.
Established cryptocurrencies have a reputation that inspires confidence among investors, making them less susceptible to scams where developers abandon projects after raising funds. New cryptocurrencies with a lack of a solid track record face a greater risk of failing or being abandoned by their creators. While new cryptocurrencies can present exciting opportunities, they also carry inherent risks. Investors should carefully evaluate the risks and potential rewards before investing in new cryptocurrency projects.
Established cryptocurrencies have earned their reputation and investor confidence through time, community support, and transparency. New cryptocurrencies, on the other hand, face greater scrutiny and skepticism due to their lack of a proven track record and potential for scams. Investors should approach new projects with caution and conduct thorough research before investing.
Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
You are aware of track records of the highly capitalized project with their experience developers and based on the past history of the price action of those coins they would forever be investors choice for instance Bitcoin, Ethereum etc has a record of repetitive price history i.e for every bearish season irrespective how dip it price dump to that is usually the most appropriate period to buy and accumulate using DCA because there would come a period when it price would pump massive thus this is repetitive done like a cycle thus investors would take profit at the peak price unlike investment in a relatively unknown project whose future outlook is not feasible though there are one or two of those less popular coin that pump occasionally.
I believe because on new projects, even if promising, there is the uncertainty of a possible profit, whereas with a project that has large trading volumes on the exchanges it is easier to trade
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.
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.
Its because popular cryptocurrencies establish their own reputation that's why majority of investors have confidence that they will not rug pull by those established project. Unlike those new ideas where people is not totally sure if there planned technology offered to people will really happen since commonly what happen to them is if they already accumulate millions of dollars in funds thru presale then usually they will not care about the whole thing and think about let their project die naturally by listing it on small exchange.
That's why many can't take the risk investing on new project since scamming is usually happen and its hard for new investor to fall on that traps since they would provably take time to recover since its hard for them to decide if they trust another project or not. So if they are new much recommended to anyone to go first on reputable crypto since it could give them more better results.
One of the reasons why cryptocurrency has become popular is that it has proven its credibility with people. People are benefiting a lot through this and will continue to do so. Its promotion will gradually go to the point where people will know a lot about cryptocurrencies and start investing here.
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.
You already said the answer to your question. It is because they are popular. And being popular can mean that they offer something great. I'm referring to the old projects here, because a new project can also attain a temporary hype. There are still some who has a potential and can sustain their momentum. We can also consider projects like this. Anyway OP, is Cogitex your own project?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.
I think its only chance to stand out among the crowd is that "Space Exploration" thing. But I know that this won't came into reality if without the support of the people first, because Space Exploration is not a joke. It requires good amount of money. You need to try your best to convince the people more to trust your project. Good Luck !!
Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
More and more people or parties are interested in cryptocurrency because of course crypto business really provides benefits in several ways. especially when we talk about money, everyone is definitely interested, right? Meanwhile crypto business is considered to be one of the most promising business fields at the moment, both for developers, traders, investors and other parties. So that day by day more and more people are interested in cryptocurrency. And this is also the reason why many scammers are interested in being here because it might be easy for them to get money in crypto from their victims.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.
I'm not quite sure about this platform. because currently there are more and more new platforms that are always offering their various positive brands or various advantages that they say are promising, but not necessarily actually realized. So, whatever that is, we must first understand what Cogitex is and also how it relates to what we want to get. Don't let us believe too much, do a long analysis here before actually using it. Maybe it is good and reputable platform,but of course we must be more careful of anything. 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?
Old and known projects attract more attention than new projects because it was proven and tested already not only on their profit potential but also, on their use case. These projects have already established a reputation but never think it comes too easy and just like the project that you have mentioned -Cogitex, it needs more time to build such reputation and trust. People are smart already and yes, very practical in choosing an investment but the said project continues to show how good it was, it never takes so long to be recognized. 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?
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
I think there potential to make a real impact on the industry. Crypto currency has created potential inpact on humanity entirely. Starting from when bitcoin was created. Nobody believe in the future of bitcoin when it was created. Not until the price skyrocketed in the late 2016 - 2020. People started seeing the value and started investing on it. Many who baught at early days of bitcoin made alot from it now it has been adopted and ita dominance is about %50 so that is to tell you how it's potential is. 
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 potential to provide profits in the future is the main factor for everyone investing and as a consideration, the superiority of the coin is the basis for providing potential for the coin.
We can see that 10 altcoins provide their respective advantages and potential so that they are worthy of competing for investment
Successful coins have already gain the curiosity of people all over the world therefore people often choose them whereas all new crypto has no guarantee that whether they will be profitable in future or not. Bitcoin is one of the most successful coin in crypto world and from so many years it proved that it decrease price is just an opportunity for buyer which ends soon.
famous coins if reduces in price then its holders just wait because they know that soon it will go higher but if new coins goes down then its holders are in worry and doubt that whether they will go up or will remain same always.
People often use bitcoin for longer term because of small volatility as compared to other coins and also people have seen a successful event about bitcoin that have most positive impact on crypto users. Other coins are totally dependent on bitcoin so it cannot be possible that if bitcoin goes down then other coins will remains in a higher value but with decrease in Bitcoin's price the overall market goes down.
While the attractiveness of existing cryptocurrencies such as Bitcoin is obvious given their proven track record and broad reputation, ignoring promising initiatives like as Cogitex based merely on their lower profile risks missing out on possible advancements and good contributions to the industry. The industry's capacity to innovate and absorb innovative technology may be hampered if it relies entirely on the previous performance of existing currencies. famous coins if reduces in price then its holders just wait because they know that soon it will go higher but if new coins goes down then its holders are in worry and doubt that whether they will go up or will remain same always.
People often use bitcoin for longer term because of small volatility as compared to other coins and also people have seen a successful event about bitcoin that have most positive impact on crypto users. Other coins are totally dependent on bitcoin so it cannot be possible that if bitcoin goes down then other coins will remains in a higher value but with decrease in Bitcoin's price the overall market goes down.
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