Bitcoin Forum

New use case my foot!

While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever

Simple answer is because  of profit they can earn if suddenly  the project they follow became successful.

Investors know that it will hard to get x5 or more if you invest in bitcoin but in Altcoins its possible to have that , but the question is what coins will give you high interest for your investment. They are always Looking for new potential project no guarantee  but its better to take that risk.

New coins are seen as new investment way; the perfect opportunity to get atleast 40-60% of your investment back.
If you synchronize recent tokens; there is nothing exceptional in 85% of them; except that they are new, with knowledgeable team and intelligent listing and guess what ? Thats exactly what investors like.

Look through binance ieo listing, and see the trend curve, it preaches, profit, profit, for early investors.

Most new coins are patronized by investors for profit. However, we should not close the door for new coins because we need new ideas and we should not just settle on old and stable coins. Take note that even those who are on the top of the market now had bad reviews and some are even hated by most investors when they first come to the market. There are a lot of new scam projects but there are still gold anong new projects.

There's no other thing that they want. It's just about making the devs have their own quick buck profit for making those coins. You have understood it pretty well that there is no sense for making new coins anymore.
They tend to make new coins and saying that they will beat bitcoin, ethereum, and other established cryptocurrencies. But if you will analyze them, there is nothing that they can  actually offer anymore.

"Why do we need new phones because existing phones perform all the same functions as well or even better than new ones!!!"
Do you know anything about how the market works? There is a demand for new coins as a means of making a profit - new coins appear (whether they make a profit or not is another question).
It is possible that in the future there will be coins that are better than btc/eth. cryptocurrency market will grow and develop. Think of it as an opportunity to go to McDonald's today tomorrow to KFC the day after tomorrow to Chipotle and next week to go to a Michelin starred restaurant.

this is a bad strategy for me. Bitcoin will always be the most reliable, but I also believe that new projects have very great prospects and can bring huge profits and take leading positions in the ranking of cryptocurrencies.

Developer create project for many coins with new offers in terms of safety, speed, and comfort. The first orientation of Bitcoin as a digital currency using blokchain technology is not looking for profits to developers. In contrast to many new coins that are oriented to profit. It becomes a special value and makes bitcoin more valuable.

I was never hoping for any kind of new coin that can beat Bitcoin because it's never gonna happen, IMO. Just like you say, why would you want new coins for it? It's the developers that are going to benefit from the coins that they are going to make especially if it's for IEO or ICO, right? Then it would become a dead coin.

I'm just not sure if it would be beneficial to know any more altcoins at all, especially at this age.

I still don't understand about what u say, bitcoin is a cryptocurrency,it is a decentralized digital currency, did u understand what currency mean ? and you dare to equate it with stuff ?
And also your explanation about how market works its no sense.
There is no demand for new coin, the first thing is project come to the market with a briliant idea,then people looking for it,then they speculate,are this good for investement or not.

Very few projects were born with breakthroughs, most of which were born with two main purposes. One is the desire to become as successful as the previous coins but nothing outstanding, the other is to create fraud.

There are too many frauds surrounding new coins and tokens, bounty hunters job is getting more boring every year, I think I will stop promoting projects and go for binance IEO launchpads

If you are not a speculators and then you should not try to deal with a new coin. You don't even have a strong reason why you want a new coin when others have used new coins to generate a decent return instantly.
You must understand not all of people are the same like you dude.

Better coins will still come but they will be hard to detect, many scammers are taking advantages of crypto space and new coins, I hope something can be done to this but never going to happen, I will keep trying my luck

My opinion don't think a new currency will beat Bitcoin. Simply because the technology of Bitcoin is constantly improving and perfecting day by day. And more importantly holding Bitcoin or ETH in the long run will bring us profit.

Most coins project's team created their coins for profit and not because of use case. All they do is create hype and list IEO on a big exchange knowing well that they will get money from investors and investors will also make over 50% after IEO.
Recent IEOs on Binance gave investors over 5x profit.

Obviously bitcoin and ethereum make the ultimate choice for all kind of investors, new projects are solely for risk takers because they can make or break you so only invest if you can afford to lose.

That must be a very smart decision a crypto adopter may take in their life time. If you were available some 3 years back to enlighten me about the importance of sticking only with bitcoins or may be with few other highly established altcoins, I probably richer by at least 5 bitcoins right now. Yes, I have spent more than 5 bitcoins and its total worth now is less than 1 bitcoin. At least 2 to 4 coins perform as per my expectations then I may recover my capital but there cannot be enough reward for 3 years of patience.

It would be always better to go with bitcoins but I decided to multiply my bitcoin stash through altcoins. Still, I did not invest with brand new tokens nor coins, but unfortunately even old coins also faced bad times. I still believe into waves and lick to perform well in coming days. But, I never recommend anyone to risk with them.

I clearly understand your point, where someone will Invest in a new coin and the team will play their games and it will end up becoming trash. Most new projects today makes many think twice before investing and when they do, it will be on or during IEOs where they can take their profits and convert to BTC which is the best anytime.  Nevertheless, although BTC and ETH are the best, sometimes going for new coins increases the likelihood of adding more ETH or BTC to your portfolio which is also why most people still invest in new coins. But even at that, one needs to be very careful of the type of new coin he wish to invest in.

Only coins that make some sense are gambling and exchange tokens because both are backed by a real business that generate real money and this money can be used for burning tokens and buy back -> price of the token will grow constantly if exchange / gambling website will continue giving good results.  8)

no one can create a new and better bitcoin. I believe that a project may appear that will have greater capitalization and greater demand among users, but there will never be such a project as Bitcoin, because it is unique

Yes most new coins have proven to be devastating for investors where they have lost over 90 percent of their investment value due to poor performance of these coins in the exchanges, some have even quited already so may be sticking with the real coins like bitcoin and ethereum is the most wise thing to do.

                                                                       https://i.imgur.com/10HMI2X.png
                                             
                                                                                                                                                                                                                             

People these days careless about the technology new projects offer, all they want to see is how profitable the coin is, if the coin can't be profitable after a while, investors ted to dump the coin and thereafter, the project just fail and shutdown, so a lot of new projects are under pressure from investors to stay profitable. Bitcoin remains the best form of coin to hold that won't rekt you.

If there are tokens or coins with different use case and have a successful environment for that, why not try that coin or token? Expecting a coin which will beat bitcoin is the worst, however, other coin can aslo do some good thing remaining as sideway. ETH is a shit for your info, it is not decentralized at all.

Indeed we dont need to look for a new one because old coins can satify us for their use case that can solve real problem and can be a profitable investment as well. New coins are mostly scam and only exist for short term profit without anything to present as use case to live longer in crypto space. Those who will buy their too good to be true offer are likely to lose their money as time goes by.

Do not close the door to new coins as hard as things are today won't stop few high quality new coins that will climb up to top 20 on coinmarketcap someday, just get better at doing good research

Yes top many new coins end up an exit scam or pump and dump, if you can't keep taking risks better stick with top coins, real new coins that really want to do something are hard to detect this days, it's not even about use cases again, new coins with very good use case turn scams too

Good thing you realized it, better late than never.

The altcoins which promise everything to change and that they will be better than bitcoin is simply lying and not something to be interested in. What people need is bitcoin only and no other shitcoin to put their money in. New projects coming up are going to fail anyway, but the money makers in them will make their money because it is like their own little legal scam game. Advisors will get paid, team will get paid, investors money will spend there and investors will be getting a ton of tokens with no value. Thats how these are working.

I have not seen any new coins do better than those old coins even price and services it could offer in their community. I think investors would only put their money in a certain project in a short period of time just to gain profits upon having it release and exchanges then would switch back to old coins for more stabiltiy.

It's better to leave new coins be for sometimes before investing, like two years later and see how they perform, how they follow their roadmap and development, that's the best time to invest in new coins, many are falling victim because they invest once the coin gets launched, it's a wrong move

Any currency is a product needed to get another product, whether it's a Burger or another currency. Currency is just a single and generally accepted measure of value and it is quite possible to perceive it as a commodity.
If there was no demand for new coins, projects would not have held an initial offering to issue these coins.
Yes this demand consists solely of speculative intentions but it is still a DEMAND lol

Bitcoin and Ethereum is the safest option for new investors without a doubt, but disregarding all ALT's is a stupid mistake that a lot of people will regret moving forward. Bitcoin is money, Ethereum is a dApp platform.
I agree that new coins with just a year or two worth of development have a very hard time competing with the major alt's, but if you look at what a project like Blocknet is doing which was founded in 2014, you'll perhaps start to understand why this one has a better upside potential that ETH itself.
It has 1/3 the total supply of BTC, and yet is trading at only around $1.

Blocknet launched the first first true DEX, and is building a blockchain interoperability platform capable of connecting blockchains and real world applications through their decentralized oracle network (do some research on their XRouter), on top of that, they are also developing their own Infura solution, to compete with Ethereums.

As a node owner you can potentially profit from all 3 of these services in terms of fees associated with the services, now THAT is pretty cool ;)

come on dude, why many people always asking stupid question how the hell, you say new coin will beat bitcoin in what field, development,technology, marketcap, daily volume?i think many coin with great development and technology already exist, but guess is that thread bitcoin position,or will takeover bitcoin?i dont think so.

With the way things are going I think very soon no single person will want to check out new coins anymore not to talk of investing on them, they are ninety nine absolute failures, wasted money, exit scam on investors etc

Cause what new coins gave are just simple a copy cat of all old coins. To be honest, Im just seeing new coins as same project that actually just change their name but the whole idea are already seen on the old projects. What makes the new coins unique? Maybe investors goal is just to earn profits from these new coins or tokens alone.

Has anyone seen a stable increase from a new coin that eventually become one of the contender on the coinmarketcap? Has anyone can mentioned an altcoin that has an amazing history.

Yes, good coins will always rise to the top even though it takes time, because everyone obviously likes good coins even though they are still in the new category, but the possibility for high volume of demand will obviously be very open in the market.

There will always be a cause for trying out new things. Bitcoin was the first, then came ETH and other coins that are really doing well now. At a point in the market, ETH or other stable coins now were are regarded as new coins but yet investors saw beyond that and invested in them and now they are really enjoying the benefit from that. Some new coins are not really a total write off, some do carry alot of potentials but it will also require the patience investors had with bitcoin and other stable coins too.

Yes, because in the current situation it is not good to invest in a new coin, because the moment may have been different and there is a very good moment this year and that is also awaited by everyone.

I don't think it's necessary to make hopes like that bitcoin has become the best alternative.
only need to develop technology from new coins that will emerge.
while bitcoin will still be coin no 1, while new coins will focus on development.

Good decision, Yeah, those two coins are really good they have already established trust and reputation to the crypto community. Both coins are legal in some countries already. Speaking of new coins, most likely new coins now functions as a utility token of a project. Some good and unique projects and they connect it to the blockchain. Well, for me it helps the crypto adoption. I am not really a fan of those coins that the only function is masternode or staking with no real use cases.

Please stay positive and have a broader view of things you cannot just declare all new coins as scams because new good projects and coins are also coming up it is your responsibility to check each project and team thoroughly before investing or promoting it because it is your time and money.

Generally, yes, you are right, unfortunately, all newly created projects and cryptocurrencies of these projects are garbage, but it should be noted that there are very rare projects that are really successful. It is really difficult to realize a new project especially in today's market conditions, but it is not impossible. While the world is in the midst of the economic crisis, Bitcoin alone gained a great command of the crypto markets, while it is quite difficult to see a truly successful project. Unfortunately, due to many scams and fraud projects that we have encountered aside from bad market conditions, unfortunately we have such a perception in our minds. I think it will take a long time to destroy this perception.

The unfortunate situation boils down to the fact that we have greedy project developers in this space whose immediate intentions are to make a quick buck in an unregulated industry and without the fear of getting caught. You find them coming out with all sorts of useless or at best, half baked projects without offering any solution or use cases. There are thousands of redundant project tokens in the market and it makes you really wonder if this was the main aim of satoshi. Until the industry is regulated, there with be no changes.

New are coin from new listed project that try to find Stan in the market. Though the principal aim is to makes profit. Since the objective of going into business is profit.
And in some cases we say because of Monopoly or oligopoly that  why new coin are introduce. Which is a market structure characterized by a few or single seller, selling a unique product in the market.

The fact is if new coins are not created, the ones we have us enough to solve all the existing human problems . It's important to make the project work and stop looking for new projects that will die half way.

There are enough altcoins already in cryptocurrency, new use case is very doubtful.
At least they will need something new to make their coin valuable, new concept and different from other coins.
Otherwise, they will become the duplicate coin of existing coins.

We cant seen so much advance concept today. All of them are just copying whats other has done before and you are right existing coins got all the use case and those new one are editing it on a different version but same purpose. I think new coins will hard to persue investors because of this, and the chance of them getting succesful is not sure. How many platforms have been created every day and every week? The problem on cryptocurrency is they should have a patent record to prove that they are started the concept and no one else should do the same when its already been out. Of course branding will be included otherwise there are lots of plagiriazed reasons for newer which I already seen these past few years.

What do you think if these new coins are restricted from being out? I imagined that market will somehow be stable and more have trust from the community.

yes, most of the new coins are bad and don't bring anything new or good, just some copy/paste from another coin, it's rare to see good new coins

Agree, new projects are now just a duplicate. I don't see any new project that really has a unique idea and can solve many of the problems we need. They are only made to pump and dump

The new implementation needs a lot of effort consider about that must use a new protocol or mechanism to build a new platform with unique usecase. The majority of new projects can't do this caused by they have no enough idea or resources but i think the knowledge and experience are much more important.

Deny or not, the new coin will always release because people want to introduce the new system from the old system. Maybe some of them want to make money from cryptocurrency so they launch their project, and say to the public that their project can answer all the needs of people. We must be careful to buy or participate in the new project because many of the projects will try to scam us and only wants our money.

This called study developed by investors to be better more developed with the hope of the birth of strong coins / tokens, as well but basically all coins / tokens mostly follow strong coins like BTC. If BTC Green other follow it. You can see it a few days ago.

You are giving new coins thumbs down, yet you promote Relictum, somehow. However, you made your point ; most new projects do not offer anything new, more like adding to the number of already existing projects but with no amelioration or revamping. Looking at it from another point of view, we need new projects but with new project aims or an advancement of those already in existence. For instance, after BTC if ETH didn't launch, we won't be talking about smart contracts today. I understand that BTC can serve in place of most new coins, notwithstanding their use cases. Example we can use BTC for online shops, but some new projects take that as their use case which is cool if you ask me. Reason being that some people take BTC as store of value, since the network becomes congested at times and transactions become slow. Hence there is need for new coins, new use cases, new blockchain architectures etc.

well i'm not hoping that there is a coin that can beat bitcoin because bitcoin is unbeatable. If you lost trust of the new coins then you better stick the old coins.

Yes, Almost 99% of new coins that was launched in the market is useless. Better to stick with old coins than new ones.
The goal of those new coins is always to become a better coin or even following the steps of bitcoin but this is just pure nonsense. Old coins are still the one who truly shows us how promising they are unlike coins today that they were more focused on making a profit than developing the project.

feel same too , most of some new coin just reused idea of the old one , they just putting some "flavor" and hoping people buying it . after it was launced , it just active just for 5month-1 year only

Investing in new coins are unsafe, many starts very promising and in the next few months they stop development and price starts dumping, investors will be the one losing out on the end

They are rooting for a new coin because they are already too late to get hold some of what currently top coins and miss a chance to be rich lol. They ain't looking for things that old coin don't have, they just want to be rich. This is why sometimes, you see people shill a new coin to the point like a fanatic.

People do understand that 10 years earlier when bitcoin became a thing - there occured more other coins. Most of them haven't make it to this day, so some people lost their funds.
But there are people who invested in bitcoin particularly early enough to make enormous amount of profit.
Everyone wants to be the one who invested in bitcoin, not dead coin obviously.
And part of this process - to promote coins you've invested in to simply boost the coin's value

Personally I don't think its a bad idea to enact new projects with new coins/tokens, provided they are not scam and aim to be useful in a real life sector. It's of no use creating so many new coins when most have similar use cases, most will not even actualize their aim. Every crypto enthusiasts knows Bitcoin remains the pace setter, hence should occupy a reasonable portion of one's portfolio, but it doesn't mean there should be no room for new innovations. See projects like Chainlink, TEZOS etc atleast their development so far shows there is need for new projects.

   Bananington it's not a bad idea at all to watch for new promising projects. People expect to much, in shot
period of time, and when they don't get profit in time they wanted they start with complaints. But some of us
are aware that projects needs time to develop and put the project on the feet!
    I bought some Chainlink, not as much I would love, my investments are limited, but I will buy more when I
get some money for that. Tezos is also great, I have some, and I would like to buy more of them too, now when
you can stake Tezos that's make this project very attractive for us investors in long-term!

I never expect a new coin which will beat Bitcoin in future, is it possible? Definitely new projects needed in market, we will be familiar with the concept and innovations, although will not getting reliable projects of scam ico for greedy dev, and if you have some dollars you can launched a project. Mostly oldest coins are dead i didn’t find 99% good to new projects.                 

Yes, and things like you say have often happened to new coins, so that made many investors disappointed and no longer trust new coins at this time, indeed things like this are very unfortunate because projects that it will be difficult to succeed now.

Yes, and if developers build new coins with old ideas, it is clear they will not last long even though they think that by using old ideas, people will like what they make, even though this is not the case, it will actually make new coins not last a long time in cryptocurrency.

I like your optimism. But know this, that you cannot determine which coin is going to be a real life thing or not a scam in future. It is next to impossible for seasoned traders and investors to determine which stock is going bust after a year because it is completely unpredictable and crypto is even more smoke and mirrors.

That is exactly the point. We already have mainstream companies doing most of the stuff and a shady "securities" running ICO will never be able to compete with multi-national companies. So dont trust any of the coin offerings.

Of course there is always room for innovation. But that means generating an independent market where the coin can be used and the inherent supply-demand ratio, which has always lacked in any of the coin offerings.

In reality if these projects had something so innovative, they would go for the stock market funding and not a shady thing like an ICO.

Sticking with Bitcoin and ethereum won't bring higher reward for you because they are old projects, if you want big returns it's better to take your chances with new altcoins, just make sure the altcoins are real enough, and don't put your money on a single project

You have to remember most new project are scamming and has been scammed many investor. If not scamming many people the new project just have a good volume when the first time to listed on the exchange and after thag we will the project price will slump down and eventually doesn't have a value. But bitcoin and ethereum aren't like that, buy now and will be different if you buy them in the future. Both coin will never threat you as long as you choose a good place to store them.

When we say new coin, its potential is in the long run, you don't expect it will pump right away, so those who does not understand the situation now might get disappointed and will not invest on new altcoins in IEO/ICO as they think it is just a waste of money since it will just fall.

Every coin starts with the new coin, though these existing altcoins are already successful but they'll not be able to take that position forever as whether we like it or not, there will be new ones that will be more popular than the old ones in the future.

I have no problem with new coins but the problem lies on their developers. If they have no long term goals, then it is better not to launch their project. But you can't stop them as they want to rip money as long as they can. I have seen a lot that are being screwed in masternode coins, in which pump and dump is common among them. As they can raise money via selling masternodes, they don't need to undergo IEO or ICO, which they can run anonymously but still they can raise money. So if you are an investor, you have to meticulously study the project and assess your possible risk.

People would still invest in new coins if they find possibilities of profit in any new coin and it has became a trend in crypto almost every investor wants to make profit in short time and they understand that investing in a new project if the project has any connection to big exchanges can be beneficial for them after all making profit is the main fact in crypto. Somewhere it's good we have lot of options to make profit besides Bitcoin and ethereum.

I think there are many investors who don't buy all new coins, only a few coins that have real potential and have developments that have proven to be useful to many people, even now investors will only invest when the coins that are bought have entered a trusted marketplace such as an exchange Binance

Extra care needs to taken when choosing new coins to invest your hard earned money on, some are just something that won't work out, you need to consider new altcoins use case, because most have unrealistic use case that are just not going to work.

Most of the time investors of new coins only after with the quick hype then after earning they'll go and find a new one, there's only few investors who are really aiming to support projects since lots of those who newly introduce are fakes and only trying to scam investors money. Much better to invest with old ones that already proven contribution to this industry.

We have a hundred reasons why we should stick with Bitcoin and Ethereum, these two coins have put the Cryptocurrency in the spotlight in the e-commerce,  imagine we have not thought of the money that can be mined by a computer and we ourselves can become our own bank, without third party interference, so many coins shout that they are the new tech but they have not yet to prove themselves.

Goals are just goals, what's important is on how the team are developing the project as that is what is visible to them.
And also, we have to consider the situation, though a project has a good developer and like you said has a good goal, it does not guarantee a success.

The market is just struggling right now,  especially for altcoins. (old or new coins)

Your thinking is right, because no matter which coin is thousands of times better than Bitcoin, Bitcoin still dominates the crypto market. This is a play that the whales have created and they decide to play. Good projects will be appreciated but can never replace great symbols like Bitcoin, ETH or USDT.

Better to stick bitcoin and ethereum or in the top coinmarketcap for your investment. It is high risk investing in new coins because high chance of losing money you know many of them were failed and scam.

High risk of losing but if they will succeed, there's a high return you can get.
That's the nature of investing, high risk assets usually give high reward, but it all depends on the investors on how he will spot a coin is currently an opportunity.

Old coins that survives the long bear market are liable, but they have already rise, so maybe the room for growth in a short period of time is just small compared to the new ones that could probably rise even more, so if you are an investor who are afraid of taking higher risk, stick with the old but reliable coins.

Old coins have lower risk than new coins, and it's pretty hard to figure out which one is real and not scam project, I choose new coins only if they aim for big exchange, and their use case must be intriguing, but honestly speaking, new coins have the highest returns if you are lucky

Not all new altcoins are bad, I understand OPs frustration but we still have few very promising projects, just take it as 90% of new projects are probably scam but the remaining 10% is something you don't want to miss out, do your research and invest want you can afford to lose

Your points are valid, the fact that most new projects turn to scam or are just after the money without actually hoping to achieve the project aim doesn't mean all are scam. Some older projects are also scam in disguise, scam in the sense that some do not ever plan to launch a working product, even though they might have lured in investors with an MVP. I don't blame OP, most new projects are just crappie, reason why he generalized.

There are 2 types of Altcoin that I know, the first is Token and the second is Coin, Token is only a crypto currency project that is still on a platform, such as the Erc20 token, but coins already have their own blockchain system, and usually the coin project is a good project

I do not think that all new projects, coins and tokens have no value and no meaning. Many good cryptocurrencies arise, trying to break through and succeed on the market. Bitcoin and others had to go that way in the beginning.
BTC and ETH are kings in the market, but it's also good to have confidence in something new. Progges is needed and brings things to the development of the whole crypto world.

For the old member here in cryptocurrency industry. I think majority of the community won't invest in a new coin.
But most likely in the new investor or new member here in this field of business they rather go to invest into a new
token project.

Coin can be regarded as medium of exchange in s financial sense. New coin is a phrase, that means you come up with a new medium of exchange, new Coin be value less in some cases if there is no acceptsbiliy. Which make them use less because not all project are listed..
As regards to the olds coin they are ok but people intend to make huge profit that is why they venture into new coin.

I personally also like to invest in older coins, such as ETH, BCH, LTC,
because the movement of old coin charts is more promising and has good prospects for longer-term investment and also almost all markets provide for trading

In my opinion, new coins these days are just good for a little time compared to old coins which is still lit to good at so investing to older coins like bitcoin or eth is much interesting to look for.

Do you think that you can come with anything new when we already have more than thousands of working coins? Probably not and if yes, then it would be pretty hard to find them.

Actually are those new coins has products or services?and also are they really unique or just copy from old projects?

i believe that the best project to be created is about health and medicine because those areas has only small existing project and must be focused for legitimacy.

But i support OP that almost all of the project now are scams.

New developers can't be trusted for sure, they have aims for money only and they create projects or new coins just to deceive investors or Rob them of their money, but still few projects manages to prove otherwise, it's better to give new coins opportunity once in a while, just look before leaping, DYOR

Well there are still new developers and new projects that can be trusted, if you try to search it in online because there are some developer who wanted their projects to become successful and to be known in the blockchain community. I know you are frustrated from not getting good rewards and always get scammed, but if you look hard enough you will definitely meet a good project that will benefit you.