Topic: Why is there so much interest in popular cryptocurrencies? - page 4. (Read 673 times)
Unless the new project is promoted by a celebrity, there will ba investors going for it. Theres been few but still turnout to be a scam. So just to stay in the safest investment, its best to just be on BTC and popular projects. You can't go wrong with it especially if the investor is up for long term.
Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
Because being highly capitalized means the cryptocurrency has the fund to make their roadmap happen. In terms of market trading, they have the liquidity to ensure that the cryptocurrency won't collpase overnight if someone with huge stash of coins dump to sell. It is more on the stability of the market.
While projects that looks promising but does not have fund to pursue its roadmap is the same as failed project.
What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
Both are important but way beyond that is the fund to support the realization of the project or goal.
I can said two reason like best safety and good profits way in popular cryptocurrency. You may know btc, eth, bnb, ada, arb and many popular altcoins which is biggest project. There has many development where investors can make profits even there’s very long trem project in the crypto market. Once you can analyze there volume, marketcap, investors community.
I would breakdown my answer into two parts:
1. Reputation and tested:
Established coins like Bitcoin has been tested on numerous occasions with whales cashing, government calling to ban Bitcoin, Restrictions on usage and trading in selected countries but still Bitcoin is there in the market for over an decade despite facing all these challenges and bear markets and sort of gained the reputation as most trusted coin and it has the power to swing the market as per it's price. If Bitcoin goes down then entire crypto goes down and if Bitcoin pump then the rippling effect is felt across all the altcoins.
2. Project roadmap and white paper matters:
Regardless of its a small project or big but people will be interested into it only if it has promising features and if it's solving the burning issue of current time as well as how their development is progressing. If a project is already involved in real life services and if it shares their work then definitely it will have user base and investment will flow to them as work needs to happen on ground instead of just mentioning in website or whitepaper but this rarely happens a most of the new project fails to convert their roadmap into reality.
1. Reputation and tested:
Established coins like Bitcoin has been tested on numerous occasions with whales cashing, government calling to ban Bitcoin, Restrictions on usage and trading in selected countries but still Bitcoin is there in the market for over an decade despite facing all these challenges and bear markets and sort of gained the reputation as most trusted coin and it has the power to swing the market as per it's price. If Bitcoin goes down then entire crypto goes down and if Bitcoin pump then the rippling effect is felt across all the altcoins.
2. Project roadmap and white paper matters:
Regardless of its a small project or big but people will be interested into it only if it has promising features and if it's solving the burning issue of current time as well as how their development is progressing. If a project is already involved in real life services and if it shares their work then definitely it will have user base and investment will flow to them as work needs to happen on ground instead of just mentioning in website or whitepaper but this rarely happens a most of the new project fails to convert their roadmap into reality.
Popular cryptos are always in demand. Hence we know that when the demand is high and supply is less or limited, in order to fulfil the demand, the price goes up. Hence people shows more interest in these types of coin. Moreover these popular coins have large marketcap and big trading volume, so it ensures the traders that they won’t make big losses. Hence they buy these coins.
Don't get me wrong here, it's obvious that you are shilling for this project, it might affect them negatively and backfire as investors might see this kind of shilling very negative to be honest. If the project is what you say it is, then investors are going to flock and invest their money. But if this is just a way to shill and then they found out that this project has nothing to offer, no innovative approach, then they won't even put a sat on it, just saying.
Not only does he shill for the project, but he is also the creator and owner of the coin.
I am the creator of the project. And read my comment above.
It has to be unique like Bitcoin or Ethereum or any other projects in the altcoin crypto sphere.
Yep! Only an idiot is capable of comparing Bitcoin to a shitty BEP-20 token that doesn't even have its own blockchain. And, the comedy gold moment was when he claimed Monero is the only truly decentralized cryptocurrency. LOL!
Usually lesser known projects have only a few special things and much bigger risks of being abondend and/or dumped. That's pretty simple
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
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?
Most of the investor aren't dev and most of them don't care about the technology. They are here for profit and they have invested in a project that means they think the service it will provide has customer which can extract profit from it. This will help the project and their token of share as well. Most of the people wants to do it in a well established project and that's why we have seen major alts has larger community than the smaller one because it is less risky than the young one. 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?
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?
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 does the inertia project have different that hasn't been missing thousands of existing projects? So what is the exclusive thing that can make people to invest in shits when there are a hundred more similar projects with different names on the market?
If it really has potential then it will grow no matter what, so at that point, people will invest.
Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
That is because with high volume and market capitalization projects has assurance that there's liquidity and you'll have no problem when you're about to trade them.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 real use case is what many likes to see for most of the projects. The impact that they give to the industry is a big thing that everyone wants to see from most of them. 
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.
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.
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?
You got it completely backwards, if there was as much focus on the best coins in the market as you claim we will not have the thousands of coins that we have on the market already, and meme coins and NFTs will get no attention at all, but what we see is the opposite, so there is a lot of people out there that are trying to invest early on all kind of projects trying to make it big and obtain massive profits as a result of investing early in a project with a low market cap. 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?
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
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
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 capacity of cryptocurrencies to really affect different businesses is what gives them their genuine worth. Enhancing transparency, promoting financial inclusion, enabling quicker and less expensive cross-border transactions, and offering financial services to the unbanked are some examples of this influence. Supply chain management, healthcare, and other industries might undergo radical changes thanks to technologies like blockchain, which is the foundation of many cryptocurrencies. Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
Have you ever wanted to buy a product and all you could do is to go for a reputable one that have record of past consistencies and trust, such that have an effective organizational structure and realizable plan, you wouldn't want to see something below standard and have interest in using such, this is just a simple application of the various cryptocurrencies we have, some projects are good some are not, but when we research, we know which to go for.
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 will go with their prominence, because they have a good intention of past record activities progress, .not by what they say, but by what we can see in them.
You won't want to see something below standard! I like that statement and that's more reason we are always told to do research on these coins, check their road map and the type of community they keep.
This reminds me of SOL over and over again. After its massive fall from that FUD down to $8. Sol has a great community that supports it primed with the team, they keep building regardless of the situation. Now look at them trading well like there was never a problem and currently ready to give to its society by airdropping various wallets
Many cryptocurrency users will choose good and safe coins, it is not surprising to me that people will spend their money to invest in good projects. And many people before investing in a project will look at the website, whitepiper, the project team and so on. Only people are careless if they invest in a project that is haphazard.
Investors are looking for profit in price in a short time instead of gaining value in a long time, so they bet on any currency that pumps significantly, and since cryptocurrencies are ranked in importance according to market capacity, manipulating supply and demand means that you may create billions of market capacity in a short time in the millions. Dollars.
Therefore, you find investors more interested in the offer and its consequences of distributions for burning what the developers own than the developers and the future vision of the project.
Therefore, you find investors more interested in the offer and its consequences of distributions for burning what the developers own than the developers and the future vision of the project.
because the new coins means long roadmap to cover. theyre risky too and if the new project worked, the investors can still invest anyway. with the popular projects, they can be sure it will have a good price and less time waiting.
in a sense, a project that has use case to make the industry grow will be ideal investment but investors losing money isnt ideal.
new projects launching in the bull market will be good though. sure it will be attract investors with BTC to spare.
in a sense, a project that has use case to make the industry grow will be ideal investment but investors losing money isnt ideal.
new projects launching in the bull market will be good though. sure it will be attract investors with BTC to spare.
There are more talked about (it's circle — if you become popular, popularity feeds itself), they have more presence, they can get more known through word of mouth (I tell my friend why he should stick with Bitcoin), if you check coin tracking sites they are first to appear (what you see gets etched in your mind), they have partnerships with other known projects so they get bit of promotion here as well.
Regarding your comparison with lesser known ones, even popular ones of today were lesser known ones in past. It's only fair.
It's not inertia c'mon, it's risk appetite. Those who have risk appetite they gamble their funds with lesser known cryptos, others stick with popular ones. Risking with lesser known ones gives huge profits when it works out, otherwise you just lose your funds
Regarding your comparison with lesser known ones, even popular ones of today were lesser known ones in past. It's only fair.
Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas.
It's not inertia c'mon, it's risk appetite. Those who have risk appetite they gamble their funds with lesser known cryptos, others stick with popular ones. Risking with lesser known ones gives huge profits when it works out, otherwise you just lose your funds
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