Bitcoin Forum

Hello,
There are many new coins and tokens being created every day. Do you know of a cheap coin or token with a bright future? What do you think about the future of Dero or XLM?

Thank you.

Any coin or token can be good and at the same time be the bad ones, we have to intensify in how we research about them and also have enough years of experience in dealing with them before going for any, most of them were pump and dump projects and we can't be rest assured of what they may likely give as a result, until we are into them and later discover how terrible or good they are, if we can't go for the risk, then we step aside or rather invest with caution.

I am very conscious when investing in new projects so I don't fall victim to many of these pump and dump tokens that are only created to milk from investors. When I want to invest in altcoins especially memecoins which I don't most time, I am always checking for numbers of holders, wallets with large holdings , who the team are and others important things to check for.

The altcoins market need to a bit of understanding because the way investors are losing their hard earned money is quite of a large numbers but many would not still mind, buying and holding for as long as possible without having a thought of the tokens going rug pull after some certain months.

Many of the new projects that are coming into the crypto industry nowadays are not really worth investing in. I have invested in so many of them, but they seem to be scam projects, as they are all pump and dump schemes entering the crypto space.If you want to invest in tokens, especially new projects, you have to be really careful. In fact, it is not really advisable to invest in new projects right now, considering the way things are going.

Don't be too attracted to profit stories or money discussions on social media. It is not easy to make real profit from new projects. Many of the people you see on social media claiming they are making profit from new projects often get signals about when a project will pump and when it will dump.So, what I would advise is to focus on coins that have already gained a good reputation in the crypto market. It's better to make small profits little by little than to aim for high profits and end up losing everything you invested.

It's hard to find cheap token that have the potential these days. Usually it's already priced in the first day of TGE. Moreover, the potential of new coin is as good as the VC backing it.
So personally I don't really invest into those new tokens anymore, Just stick with the big coin like ethereum, they are more profitable and have higher chance of having rally because they are being legitimized and invested by big investors such as blackrock.

Also

This is the reason why finding hidden gem is hard, too much coin being created means fragmentation of liquidity in the altcoin market.

Lately I haven't really been looking at new coins & tokens anymore, because usually the tokens that are being deployed nowadays are related to hype & memes. I've 1 coin that's always on my radar, it's Oasis (ROSE), you can check it out first before deciding to invest, its market cap is relatively small & $ROSE is currently ranked #234 on Coinmarketcap.


I just heard about $DERO, so I don't have any insight into the project. As for $XLM, it's an old project, and IDK if the community is still strong, but I'd advise against investing in it. There are many better older projects.

I don’t know anything about Dero but I bought XLM many years ago. I had hope it could be the next big thing but that never really transpired. As for new coins & tokens, many people here will shill you coins that they own. You might not get a genuine, honest answer. Best thing to do is DYOR & buy coins that you, yourself believe in. 

I really believe in XLM, but I have no idea about Dero. If I had to choose between the two, I'd pick XLM. I think it still has potential and I've seen that even now,
it hasn't fallen behind the top altcoins in the crypto space.

In fact, it's one of the coins I hold for the long term, just a small amount, and I plan to hold onto it for a while. That's all I'm doing with it for now,
even though it's not my top priority to accumulate a lot of it.

Everyone has their own preferred altcoin to prepare for a bull market. I don't own XLM or Dero, but my favorite coin is HYPE, and I've already taken profits on some of them. Among my older coins, I own a bit of XRP and HBAR, as their narrative is quite strong in the US market.

Not only that, I also have quite a few altcoins in my wallet, even memes, to test my luck at the end of this cycle.

XLM is not something you should have any trust in, anything that is trying to copy and do a "better" version is already at the wrong path, because XLM isn't good enough to copy to start off with, and itself is not that great. What did you see from stellar that made anyone think that they should invest into it?

There hasn't been anything that is reasonably good enough and because of this we should avoid it. Too many people end up with results that are not that great, and because of that we are not going to get the best results out of this. Of course things aren't always that complicated when given enough time, but XLM had it's time, and it didn't get the attention or love from the public, enough to make it a big coin.

I don't know the name that you said.

About investing in cheap coins, I'd rather stick with the old schools. XRP had a good run in a year, and I think it still has many supporters and investors. It's not that cheap, but some would think that its value will grow anytime, or you could DCA.

Anyway, why not stick with the very old and popular ones? Sure, they are not cheap, but their value is growing, so you will still make profits in the long run. The thing is, it's difficult to find a gem that is cheap in a very massive market of altcoins.

Don't assume that cheap coins or tokens will skyrocket in value; they will likely become worthless shitcoins, at least they don't have a high FDV.

What about this one? https://coinmarketcap.com/currencies/dero/
I'm not sure if this token has fallen significantly from its ATH in 2021.

Meanwhile, there is still hope for XLM because some people are investing in it, although I myself am not.
No one knows what the future holds, so you can only predict it yourself.

It's difficult to know which of these new tokens that will give you profit in the long run because majority of devs are out there want to extort people of their hard earned money with their project. I don't know anything about these tokens that you mentioned in the OP. However, if you want to invest in any of them, only use the amount of money that you can afford to lose because it's like you are gambling.

XLM was a 100x if you got in early around nov 2016 around .002 and heard there doing something with PayPal. I also think there connected to ripple XRP some way DYOR.

https://www.ainvest.com/news/stellar-xlm-rises-paypal-pyusd-integration-sparks-institutional-blockchain-momentum-2507/

Dero coin looks interesting might be something there. Just needs some liquid to come into it. Maybe the Monero community can jump on it.

BLOCK
COREUM
CORN
LYX
XX Network

Still think Goldcoin and oneledger will be good investments.

I find XLM extremely useful, because it is a platform for tracking and exchanging IOUs.

On Stellar anyone can offer to trade anything for anything else, and choose whose IOUs for those things to trust how many of.

Thus anyone can act as an exchange for anything for example, or any bunch of friends or co-workers can split their bar or lunch or whatever bills among one-another.

Its IOU tokens are not some add-on "smart contract" thing with all the possibilities of contract bugs and so on that "smart contracts" introduce, they are a native ability, part of the protocol.

So it is very simple and cheap to issue tokens (IOUs).

I have for a long time now been using it for the Galactic Milieu (https://MakeMoney.Knotwork.com/), implementing all the assets that we used to use the "Open Transactions" system (https://bitcointalk.org/index.php?topic=53329.0) for except those that are categorised in-game as "shares". (So far we have migrated the "shares" type assets only to the HORIZON (https://MakeMoney.Knotwork.com/horizon/assets/) platform in order to avoid folks mistaking them for "securities", since they are game-assets not actual planet-Earth securities.)

So far we have migrated quite a few assets onto Stellar, see https://MakeMoney.Knotwork.com/stellar/

Note though that we still use the "200% reserve" approach we did back in the Open Transactions days, in which when creating tokens (IOUs) representing blockchain-based coins we only mint half as many of the token as we have of the real on-the-blockchain coin, in order that our tokens continue to represent one real on its own blockchain coin per token even after we have used half the real coins to buy back all of the tokens.

Thus the tokens also serve to help create scarcity of the coin since only half as many tokens exist to trade than exist actual coins represented by tokens; then we build more scarcity on top of that by using the tokens to build the "treasuries" from which the game calculates a calculated value for the token, so more and more of everything ends up locked up in the "treasuries" of the various things...


-MarkM-

Do you know how to use Unity to develop games?

No, it is not free open source so I have nothing to do with it.

I use free open source.


-MarkM-

Sometimes, I use XLM for transactions and it's cheap too. But with Dero, I don't know and never heard of it. As for the bright future of these tokens. I can't say anything at all but if I am using it, only for transactions.

I agree, if you got early on it. You're in profit and much better.

You just have to be very careful when investing in all this new projects, it’s just so difficult to identify a coin with bright future, because most of the coins in the market right now do end up being a scam, some of them do always look real, but at the end they do end up to be a scam, that’s why I don’t even try any new coin just entering the market, because it doesn’t always end well. If you are planning to invest, then bitcoin is the best coin which you can invest in, but if you prefer altcoins investment, then take your time to do research, and just invest in coin that have been in crypto space for years, and stay away from all this new projects.

You are looking for a cheap coin that have bright future, I think you are being funny right now because there is no way that a project with good potential will not have it coin being expensive in the end, because at some point all that build the ecosystem is the amount of volume that the investors brings into the game.


Although there are ways you can know potential projects, and pricing is just one among many, because at it stands several factors make up for the success of a project.

In the cryptocurrency market so many things are happening, the market is flooded with coins with good potential and at the same time coins without potential and future, and because of this reason, if one is not properly guided you end up loosing your money in a twinkle of an eye. When investing in new coin , there are somethings one need to consider before investing in new coin. Invest where other people are investing, consider project background before you make your investment because not all projects have strong background.Be very careful with newly listed presale projects , because some projects might do well during presale but when they are listed in an exchange they will pump for a short period of time, and will go down and will never rise again.So , with all this in with couple with proper research will be able to locate or identify projects with good potentials. New coins with good potential can be more profitable as they tend to make more gain in the market than old projects.

I'm trying to put together a new coin that can help the ecosystem.  Looking to develop a foundation before it launches. I think I will do no premine but I would like to buy coins from miners. There is one exchange I know that may list but Respond is slow.

Knowing for which token or coin has a good potential is very important for us to do, but it only requires more research as we go further more in cryptocurrency, not all the projects appears to have the same utility and investors that could help in taking the project to the next level, some do experience sudden boom and hit their target after their launch while some failed right after they were being introduced, all these have to do with our luck and risk management factor.

It's still important to research a new coin that comes out in the cryptocurrency field. Of course, if we really want to find a potential coin,
we'll do what it takes find out if it's truly a good opportunity or not.

This is the only way careful investors can avoid wasting their capital in the crypto industry that we are a part of. And this should be done by
anyone actually.

Majority of token spammers do not even care about whether a coin has a good potential or not. Making money in the crypto space requires understanding and searching the space for information that will help to make good decisions that will be profitable.
I keep seeing different posts about how to make a good choice that will lead to profitability while selecting good tokens that will have high yield. Everybody is so crazy about making profits but majority are not ready to do research that will enhance good decisions. We just want to keep seeing the profits coming without any effort or input.

From my experience in bitcoin, nobody knows the coin that is going to do well, that's why some people missed opportunity of investing in a coin that late become promising in future, I could remember when ethereum came out new, many people was afraid to purchase ethereum as of that time, including bitcoin who is the mother of all coins, when it was introduced nobody knew that it will get up to this level

So what I will advice anyone who have the interest to buy coin, the person should use he or her spare money to purchase such kinds of coin, and should hold for short term, because their's every tendency that the coin can die off at any time, so that you will not regret after all.

While it is true that we are going to end up with a lot more profit if we end up finding a good coin, it's also true that we are going to end up with a lot more problems if we are not careful. That is the most important part, if we end up with something that is actually profitable when right but absolutely shit when it's not.

So many people invest into new coins and tokens and end up with absolutely nothing, so you have to be very careful about it, and not make mistakes. This is very important because it allows people to be right or wrong based on what they are doing. If they do that, then they should be able to make some good returns with what they have. It's really not that complicated, it's doable and can be turned into profit if they know what they are doing.

Please I will want to know about this, how would one know the token or coin that got some goodies to give to their potential buyers, so you mean that from research you can actually no this, I think you are right to an extent but that's for only newbies because I believe that old investors knows much about Bitcoin to be precise ad such they need no research to know anything further about it but as for new coin or tokens, with all your research and whatever thing you want to do, you can never know when it will dump but the thing is that as a old folk in the system, you'll definitely know what shitcoins are capable of doing and with that knowledge,it will give you insight of what's might likely be the outcome of such coin if you try to put in your funds in any of the shit.

There are many ways to know if a time worth buying or not and one of the ways to do this is to carry out research about the token by checking the website, whitepaper, coinmarketcap and other websites that give information about tokens.
Getting information about a project is not easy and we need to be patient to know some things about the project you intend to buy so you don't end up investing in the wrong project that will not be profitable at the end of the day.

When a new coin is launched, we don't know if such could last or even perform well as we may expect from it, but we all decided on taking risk to invest in such whether we could be right or wrong about our expectations towards the project, which is a risk we often take, aside that we already made some level of research about the coin or token, we can't predict on what comes after launch.

Being cautious of investing on new crypto projects shows that you're well inclined in the crypto space and smart enough to avoid investing on wrong crypto investments, I mean the "pump and dump" tokens, not all coins are good for investment some are created to drain people money and succeeding through them is by luck just like gambling so instead of taking such risks it's better to investing on coins or tokens that has less risks and gives investors hope for better profits on the long run. On a norms investing in crypto needs some understand and research on better options for investment.

Why are you looking for "cheap" coins at first place ? You can buy cryptocurrencies in decimals too.
So even if you go for a good coin and you have  a low budget for investment, you can still go ahead with that.
You don't necessarily have to go for cheaper coins, in fact, those coins will probably eat up all your investment.

If you are going for new coins, you really need to be very careful and do your research. Because of buying coins that are very cheap, many people have fallen victim to investing in the wrong coin that eventually crashed. Well, it is not bad to invest in a coin that is new because of the benefits that are attached to having a new project. But if you don't know how to determine if a new coin is reliable, there is no need to invest in it; it is better to invest in a coin that has been existing and doing well in the market. Always do your own research because there are so many shitcoins in the market.

Hello,
Thank you so much for your reply.
Isn't now a good time to invest in XLM?

XLM has been around for a long time and already had its explosive run from the early days so the 100x type of gains might not be realistic anymore. That said with the PayPal angle and its ongoing focus on payments/remittances it still has long-term use case potential. If you’re looking for stability with gradual upside XLM could be worth a hold. If you’re after the next hidden gem though you might want to balance it with a few smaller-cap projects. Always best to spread your bets and keep risk in mind.

XLM is not a new coin though it's survived in the market for years and have been existing since 2014, if some bought $1k worth of it as at 5 years ago or when it's lowest price was about $0.00146 in 2014 the person would made lots of profits currently now that the price is at $0.3 therefore it's not a bad coin to look into although anyone interested would need to be very patient. Although you've made a very good point cause it's unwise to invest on a coin without doing proper research on certain coin before investing on them, lots of coin out there are shitty and being hyped to lure ignorant people into investing on them.

I have committed to XLM for the long term, but understand why:

For one thing, I am not investing in XLM itself "per se", but rather in using XLM.

I use XLM the same way I use bitcoin, which is, to build buy offers offering to buy other things with it.

Sites like CoinMarketCap and CoinGecko and suchlike, sites that try to figure out what a thing is "worth", tend to look at the "buy offers" to figure out a "value" for a thing.

Thus if you want something to look "valuable" you want to make sure it has lots of buy offers offering to buy it.

Without "buy offers" it is not regarded by such "aggregator" sites as being "valuable".

Thus it is necessary to place "buy offers" on "exchanges" which is to say on "trading venues" in order to make "value" visible to the masses who use such sites to find what current "values" are.

Since buy offers might end up having to sit there untouched for years or decades or eventually maybe even centuries in order to be "deep" enough, "solid" enough, "dense" enough to be seen as "a strong buy side" implying lasting long term value, it would be utterly idiotic to try to build those "buy sides" out of fiat currencies, because over the years and decades and centuries we all already know from hard learned lessons of history that fiat loses value, so the buy sides we try to build out of fiat are doomed to just keep on losing more and more and more and more value over time.

That of course totally undermines the idea of building stronger and stronger and stronger "buy sides" to higher and higher and higher prices (values).

Thus it is better by far to build one's buy-sides out of something that retains value, and far far better even than that to build them out of something that actually goes up in value over the years decades and centuries.

Thus, bitcoin is the obvious thing with which to build huge stacks of buy-offers.

However, for a long time it tended to be the case that trading venues (exchanges) on which one could offer to buy things using bitcoin were centralised, custodial, they involved a third party holding both sides of one's trading-pairs.

Thus the usefulness of things like XLM: things that have built-in trading so that even though one side of a trading pair is some token you need to trust a third party to honour, at least the native-coin side, the XLM side in Stellar's case, remains in your own wallet even while being used in a buy-offer.

Note that my choice to use XLM for this purpose does necessarily mean in the long term that I need to build a strong buy-side for XLM itself, so if only for that I of course still need bitcoin with which to build XLM's own buy-side in order that XLM appear "valuable" to the aggregator-sites, and unfortunately currently that also means I still need to use a third party custodial "exchange" on which to build the buy-sides of the BTC/XLM trading-pair. ( Or of course issue BTC tokens there too myself so that BTC tokens I can trust exist there. :) )

But basically in real life history too few "exchanges" provided the trading-pairs I wanted to trade so I was forced to use softwares, ultimately including Stellar/XLM, that allow people to set up any arbitrary trading-pairs they choose to trade, basically acting as "exchanges" themselves, which is precisely what the original Ripple, on which Stellar was modeled when the current Ripple indicated it was diverging off into "big brother / 1984" realms, was designed and intended to do. (And in practice Stellar actually does rather well in my experience.)


-MarkM-

Were you able to get XLM around 2014? Seems like you would have and others. I was on BitTorrent when I first saw Bitcoin in maybe 2014. They were asking for Bitcoin donations in the desktop app.

What do you think of Chia? The guy who started BitTorrent started Chia.

I got Ripple when it was invented and given away in a giveaway thread and later XLM when Stellar was launched., also in giveaway thread.
No idea about chia.

Actually got 105k Ripples and 5000 Lumens free from such threads I think.

Parted with the XRP when it reached almost $5 CAD in winter of 2017-2018 and bought houses but used the Lumens to launch tokens.


-MarkM-

Amazing I figured you got it you been around since at least 2011. This is off topic but what do you think of https://bridgoro.com ? Also do you remember Hal Finney talking about some sort of split private key trade system?  Getting half of the key then the other half when funds recieved. You seem like a brilliant person. Did you ever talk to Satoshi or Hal?

Join my telegram group https://t.me/+pjgux3_jRNAzZTEx