Topic: Why some of the cryptocurrency tokens don’t have a price for a long time? (Read 184 times)
legendary
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November 25, 2018, 02:23:23 AM
With or without any knowledge on blockchain you can create a token with just a click of a button. From the lunch of most project especially tokens, they are worthless and just surviving on hype of it been the next bitcoin (in terms of gains). Everyone now wants a token with the most claim of it been a utility token when it's only use is "it can be traded on decentralized exchange". Then they fool the greedy ones with perfect whitepaper when truly they have nothing to offer. The reason why 99% of the cryptocurrency you see today don’t have a price for a long time is describe in the image below.
November 24, 2018, 03:38:12 PM
1. ) Tokens don't have real value even though it's base on Ethereum or called Erc-20 Tokens
2.) It's a scam because it is used only for taking other people's "MONEY" or failed ICO. Some ICOs are successful.
3.) The Tokens project's goal is not useful or not needed in crypto space so it won't survive long or lose it's value from time to time.
4.) It is not on an exchange yet but you can sell it in exchange but don't think that someone would buy it unless he/she know what token are you selling.
2.) It's a scam because it is used only for taking other people's "MONEY" or failed ICO. Some ICOs are successful.
3.) The Tokens project's goal is not useful or not needed in crypto space so it won't survive long or lose it's value from time to time.
4.) It is not on an exchange yet but you can sell it in exchange but don't think that someone would buy it unless he/she know what token are you selling.
November 24, 2018, 11:13:11 AM
Not have price because no one want to buy token, so don't have any price. It's so sad to hear it.
November 24, 2018, 10:30:39 AM
Not some but most of the cryptocurrency tokens are not having the stable price for long time. Death journey of most of the tokens starts just after their launch (birth). Only few are surviving.
Among few reasons; a lot of coins being launched ultimately increasing supply in the market. And due to demand and supply law applicable ; the price starts downwards journey due to lesser demand.
Bear phase is main reason for downtrend in prices.
Among few reasons; a lot of coins being launched ultimately increasing supply in the market. And due to demand and supply law applicable ; the price starts downwards journey due to lesser demand.
Bear phase is main reason for downtrend in prices.
November 24, 2018, 07:14:48 AM
If you mean it's not traded, it's because those project have have no real value, maybe scam and just want to get fiat via ICO. They can't apply for dex exchanges and people don't want to trade it on cex exchanges. Bad projects like those have many sell orders with almost zero values on cex but there are no buy order, no trade made yet. Stay away from them.
Thats just one reason out of a lot. For example have a look at the verity project. Very active with a huge userbase, but their coin isnt traded on common exchanges. The reason is the team wants to focus on developing their product and currently have no interested in trades of the token. November 24, 2018, 06:42:18 AM
Well I would be honest with you that you post is redundant I was brought here by your title well that what I will drop a reply for. Well the market is volatile and it's hard to keep a steady price
November 24, 2018, 04:22:10 AM
Thanks.
They can not live long because they are scam, they don't have a real dev team to support it. November 24, 2018, 12:16:22 AM
I see, thank you.
November 23, 2018, 11:08:04 PM
If you mean it's not traded, it's because those project have have no real value, maybe scam and just want to get fiat via ICO. They can't apply for dex exchanges and people don't want to trade it on cex exchanges. Bad projects like those have many sell orders with almost zero values on cex but there are no buy order, no trade made yet. Stay away from them.
November 23, 2018, 10:50:52 PM
Thanks.
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