Bitcoin Forum

The Altcoin industry has made the timeframe for ROI so short that everyone now sees it as a quick money making industry or scheme which shouldn't be the case. If you have read the history of bitcoin you would understand it took bitcoin quite sometime to start yielding profits and it too it almost 10 years to record its massive success in regards to price value but yet enthusiast didn't loss hope in the technology and that's what happens when you invest because of the technology and not just for the price gain of the project.

If you're just chasing the price gain when investing in an altcoins you would definitely ended up regretting your investment choice. If our focus were channelled more towards investing in the technology behind a project then scammers wouldn't have had recorded huge success when trying to scam us but since we're more concerned about the price value we easily become preys as the scammers profit from our greediness.

Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.

Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.

This is how investors' mind set when investing in a project, however, the problem is mojority of investors in crypto is not really into the technological part of it, but in the financial opportunity that it brings. We cannot blame people since each has their own reasons for supporting and leaving a project. In time, I believe investors will be wiser when choosing which project will they support as time goes by people will learn how important cryptocurrency as part of our system and daily life.

Technology shouldn’t be set aside. Lets face it a lot of investors are only after the profit they are missing the real value of technology. It’s important today that we should stop investing in trash rather choose projects with use and with real value.

Here is the thing with 'stuff' that has the potential to gain in value very quickly:  when it happens, when something like an altcoin rockets in value, people who might otherwise have zero interest in them take notice and they want in.  In other words, that quick ROI draws in speculators like crazy and this has always been the case in the stock market, with comic books, baseball cards, postage stamps (when those were the hot item), you name it. 

Therefore it is not a reasonable expectation that the average altcoin trader will, or even *should*, have an appreciation of what the underlying technology is all about.  In an ideal world everyone who owned a bunch of altcoins would be passionate about blockchain technology and see the beneficial possibilities, but we don't live in such a world. 

Most traders and, I would assert, most members of this forum only care about what the price is doing for any given altcoin.  This is why technical analysis is so big here.  I don't see this as a horrible thing necessarily.  Traders provide liquidity to markets and also can boost prices.  Live and let live, eh?

Project developers understand crypto investor's hungry to make profits so they are attracting investors by giving lot of discounts but at the end those high discounts makes the project to lose its value even if the team trying hard to bring the real output.So investors stop needs to be greedy,if they are going to invest on a new project then invest only in long term then only the project can reach real success.

If most of the investors would think like this we would have nicer communities willing to wait good tech that drives the prices instead of a pump to increase price without having any tech to sustain it. The problem is that a lot of coins have this problem where they prefer to have a price increase instead of focusing on tech. Lets take INSOLAR per example , rank 1 on github for over 12 months which proves they have a solid team but when we look at the price its still stable around 30 cents because the priority of the project is the tech and then the price.

We don't think about technology even we are getting fool. Even if we invest in good IEO like Harmony, we will sell our coin with few profits. Harmony is ready to launch msinnet phase 2.0, when after 1 year some projects can't launch mainnet. Even I did wrong check only bounty rewards allocation and funds rise in IEO.

I think that bounty hunters are even very much guilty on this. They are just concerned about the little profit they get instantly after minutes that the token gets to their wallet. They don't understand that a little patience for a real project would be more profitable.

I totally agree on this point and also what I look for is if certain companies are forging partnerships with good companies that are already existing plus also with some capital and funding behind them by think tanks and other venture capital firms. It is many factors that need to be reconciled before I make a decision to invest in anything nowadays and the days of FOMO are truly over for myself and my family now. We look at the technology now much more seriously.

Let's face it: even though most altcoins are rehashed versions of previous altcoins, there are still some interesting developments that it has made for the past years. Just for example, privacy coins, smart contracts etc. Those were not deemed as something that's necessary for cryptocurrencies but we're s till making use of them in ETH, Monero, Dark and the likes today. These exceptional coins gave rise to some useful tech that we are taking advantage today, but sadly though most people still see these as get-rich-quick vehicles due to the massive pumps and dumps these coins are being a part of due to countless rich lads who have nothing to do with their money but still wants to get more.

The problem lies on how cryptocurrency were introduced to them.  Most of them don't have any idea what they are really investing and just the thought of get rich scheme due to those person who advertise the project.  I have seen several people of some company and start up who hyped investors just to make them invest to the project they are promoting.  They never tackle anything about the technology or whatsoever, they will just sit and have talk about dreams, financial freedom and investments and its profit.


I think most of the investors that were left during the Bitcoin and altcoin crash have matured and become wiser.  We can see it on the price reaction at the market during an event announcement or event launch.   People now are somehow immune to fud and hype.

Especially if you are a hodler/investor, the fundamentals and the tech is far more relevant then the current price action. To trader fundamentals don't apply because they can trade literally anything that is in the markets and has a pulse

How realistic is that. Personally I am in the cryptocurrency space because of its inherent profit potential,  yes the tech is great but just like any investment I expect to see returns on investing in any technology.

You have made your point and i agree with you but do remember that every investment whether online or offline is intended for profit so even if im a fan of a prohect and fully support it but i will still be keeping an eye and bothered about its price gain as an investor, this is a basic fact that can not be denied.

Basically, a very great number of people coming into Bitcoin are here for the money and not the technology. Bitcoin is now seen as a kind of investment system and not for the technological innovation it carries. People drawn into cryptocurrencies from the huge profits they made from one ICO or the other, as well as market traders don't really care much about the technology.

Gone are the days when you can create a coin and people will just jump in and developers and every investor will just make a quick buck, but that's unlikely to happen now, investors are wiser now they know that if you do not have something to offer to the community, it will turn more likely to a pump and dump coin.

Most of the people that were gathered here is hoping to gain some profit that they can either use in their daily needs or for their family so you cannot blame them if they are here because of ROI that they can get from investing in any coins/altcoins.

Yes, you have point about how bitcoin price crawl from it's launch until now but if you are an investor losing some investment is only part of it and gaining profit is another part of it. Risk is always there and almost all of us knows that.

I do not understand what the fault of the bounty hunter, when they get tokens then they sell it right away?
and whether the supply for bounty hunter is so large that it can bring down the project?
 Projects that work with tangible results do not require a short time, but at least, their team is trying to keep the project from looking like a dead project. Such attitude will make long-term investors feel comfortable, imo.

I know your point. Investing in a project based on their technology it's a idealism. We can't force someone to have a mind like this. Most of them just care about the profit. And there's no guarantee from the project which you believed in their technology will survive. So back to fundamental rule, this is about idealism.

Good point, i don't bother myself with present price point but i do make sure i gather good altcoins that have solid use cases for future price surge or bullruns, i won't be surprised if coins that worth ten dollars went up to 1000 dollars, present market price can make you lose good coins

I agree, the pursuit of profit only makes us plunge into waste projects and lose our money. Investing in projects with good technology and a professional development team will bring about long-term profits for everyone.

The biggest problem here is the majority of people think otherwise, because of the pursuit of a quick profit in short-term many projects struggled and even went down.
I was once believed in this too but it cost me much. It is very early for us to concentrate more on technology if it is not regulated yet.
I would start believing in that again after cryptocurrency gets regulated, the regulation might bring life to a great project(not because of the regulation itself but legalization that might attract common people to help it).

I believe in the technology behind Bitcoin, which is blockchain. If Bitcoin would have smart contracts, no other altcoin could compete with it in terms of technology. Atm Ethereum and Stratis are my go to platforms if I want to run smart contracts or sidechains (Stratis). But seeing the steep decline in price of all altcoins in comparison with Bitcoin makes me very reticent to invest in them, while Bitcoin is a perfectly viable solution for storing value.

BUT what I would suggest is not investing in the actual altcoins, but invest in projects/applications that use their technology. I think this is the paradigm shift needed to bring mass adoption and create a healthy tokeconomy.

The price of altcoin on the market today is still a lot of cheap and has not experienced a large price surge, including altcoin that has good technology, and for now it could indeed be a good opportunity to collect good altcoins, to seek profits in the months the coming month, but we can't guarantee the certainty.

Crypto projects should make or break depending on the technology, because they are promoting no other than their own technological product itself. However, it seems to me that projects succeed depending on the hype and marketing and not on the basis of their sound and practical product. You cannot deny it that there are certain projects that are founded on no other than the shills that created the hype. And there are also projects offering promising products but cannot seem to move forward because of the lack of promotion.

Let your concentration be on projects with working products, they always have real use cases, there will be demand and better trading volume on exchanges, i decide to stop promoting projects that have no real working products to back the project up because they will fail

good job  but sometimes its still hard to decide if you will join a useful project because those project are simillar to the existing one  . i see many projects repeating or only have a light modification compare to the original established projects  . in this case better if we research accurately and only choose unique and original projects  .  i also agree on what the op have said . price does not matter   . high or low price both can change in the future  .

You are right and have a good point. We don't need to rush. We need to focus and learn about the project and it's function. But in reality we are investing to earn and not for any reason. We can say that using crypto in payment or in other way is just a bonus and the main reason is to earn profit. Don't be sarcastic we are all here to earn and we want it on short period of time if possible.

Why not have both, you concentrate on finding the technology and the concept behind the coin and if you find you will always find profit in supporting this coin, it's not overnight that you are going to make a profit, it will take some time of course, but the expectation and the rewards are worth it.

Very few crypto investors are concerned about the technology, they will become so panic if their investment value drops a moment after they invest the money.
Most of crypto investors are wanting a quick profit and not supporting project they've joined

Asking about that bold text:
I honestly don't understand what you are saying. Why not to invest in the altcoin that is probably used in fees on any project using it? Can you give me an example? Do you mean i shouldn't invest in eth because i could invest in some dapp running on it?

Investors will prefer coins or tokens which according to him will provide technology. I agree that investors sometimes don't really understand the technology used or understand the blockchain, because for investors, price increases are the main thing

Yes thats right.
The problem majority people is want get rich quick, so they think buy coin at launching time then sell when listed on the market. Then get rich, is like make market be worst.
Personally, i do both, i invest in some project where i think will good in the future. If project i think not going forward, i will sell that token, because i only want active project.
Maybe developer must give atleast dividend system, so investor will keep interested about project.

Most investors put their money in profitable projects quickly. I don't think this is a problem they don't believe in the technology but we don't know the back of it all. Maybe he is investing using money that he must later use for children's expenses, bills, taxes and others. So it would not hurt them to do that. And if indeed the predicted technology is proven to be good and useful, investors will also glance at it again. Both are no problem, just different needs and opportunities for each person.

There are probably a lot of investors who do not think much on the value or real-life contributions of what they are investing into. For as long as there is an ROI waiting for them, they would give it a go. There are even investors in my country who are willingly investing into scams for as long as they will get paid for it. Some are investing into ponzi and happy with their ROI even if in the long run it will make people lose money. They simply don't care at all. Just like some campaign participants here. They don't care at all if what they are promoting are shit projects or scams for as long as they are get paid for it.

But new investors who have just jumped into the cryptocurrency world are only pursuing short profits just by investing in one project. Investment patterns like this that will be easily controlled by scammers who will give a lot of discounts if and promises of lucrative profits. It must be very selective in choosing a good project, as you said, investing for reasons of good and useful technology in the future will help developers develop good projects. We must be smarter than scammers and not be tempted by the bullshit given.

Sounds good on paper but honestly, technology is not what speculators look for.

Speculators look for potential value, which doesn't necessarily mean that something has the best technology. Rather, it means that they are looking for hype, looking for reasons that a project should be hyped - which can be contributed to via the underlying technology, but isn't always.

That's just a pragmatic way of thinking about altcoin markets, or even equity markets in general. Your way is purely ideological, unfortunately.

The OP is thinking of the ideal way of doing things. That would be the perfect way. It is however unfortunate that in the real world, there is practicality instead of ideal and perfect. The ideal and perfect are both concepts at best that are not really existing in the real world. If an altcoin is gaining strong momentum out of a very aggressive hype, that is enough for investors to get into it. There is a potential profit out of it because the rest of the crypto community are only exposed to hype instead of fundamentals.

Agree, there is a difference between the ideal and the thing that happens in the cryptocurrency market. Investors sometimes do not see technology as a major factor in investing in the cryptocurrency market because technology continues to grow. Many investors are more practical in deciding investments because in the end, every investment must be profitable

Totally agree with you. Therefore, do not indiscriminately call almost all of the current altcoins useless. They just had little time to show themselves. It should be borne in mind that each successful token must have a real business, which for some time can develop and set up without the participation of tokens themselves, especially during such a protracted period of altcoins price drop, as it is now. Therefore, indeed, the price of altcoins should not be decisive in the concept of project success. First of all, the practical usefulness of the project is important, what technological and other amenities it provides to people. The price of the token will inevitably increase after increasing demand for it, even if it happens after a certain amount of time.

Totally agree. Investing in technology is much more important than making a quick profit. Bitcoin is now seen as just a kind of investment, a tool to make huge profit. Market traders absolutely don't care about the technology behind it. They even don't care what is project about, what technology does it have, what impact will it have on crypto world or our world in general. Just profit.

How i wish a larger portion of this community can hear, listen and abide by this simple truth. Blockchain startups have now become a quick money gaining scheme where team members of project mostly abscond with the funds of the ICO or investors not being able to hold their balls till the project grows. As soon as ICO, IEO finishes almost everybody starts to scream on top of their lungs for Exchange listings lol. I invested into this project Destream and i know it's going to turn out big someday.
Price is very low at the moment, maybe y'all can go for such a gem as that one.

but unfortunately there are still investors who invest without knowing the technology that will be developed by the project, because in my opinion the technology developed in a project must be superior, unfortunately there are some investors who only invest for profit without regard to the technology

Many people depends on crypto for gains and profits and since many things have change since last bullrun they find it hard to leave crypto space hoping that someday the good old days will return, now the best solution is to aim for better projects that have new features you can't find in old projects, this kinda projects will survive in the future certainly

Things like this happen a lot in various countries. Because fraud is always there if there is an opportunity with the lure of big profits. The OP's concern is not to think about value or what we can call price as speculation material. As long as the technology of the coin can continue to develop, the future of the coin is certainly bright. But on the other hand, not everyone thinks that someone wants to profit quickly like the case you explained. Everything returned to their respective choices and can not be forced.

the technology is already there you will not care only in the price if you are rich and dont use crypto daily since there more people using it than storing many will also be affected in price movement.

You are right. I once lost more than 90% capital in mid-2017, I admit that my mistake was not careful enough in analyzing the project behind the fundraising. At that time I was affected by hype, after all this time there was no development of the product, the roadmap was meaningless, the longer the coin was worthless, I was tired of waiting, finally choosing to leave.
I am determined not to join ICO anymore and focus more on trading.
We also cannot force it. Everyone has their own goals and concerns. For me, as long as it becomes a passion and knows the right strategy, and understands the risks, it is not a problem, as long as it can profit. Investors and market traders, of course, have different views, want instant profits, hit and run, or be patient and wait for a surprise bounce in the future. what we need to do is try our best, do the maximum analysis in accordance with the niche that we are interested in.

For sure technology is very important and without this technology there would be no value at all. But at the end, the only thing that bothers investors are the outcomes from their investment, and if team members are unable to provide it, the price will drop.

That is the main reason for the decline in crypto prices. Most people only focus on profits and in a short time, they forget the main purpose of investing because the project has hope in the future, and not just for short profits.
but this is very difficult to avoid because the trends in crypto are like that. Most people only buy and sell, although not all of them.

This you said here should actually be the right approach for any investors, but we all look at the price than the way we look at the technology, but when looking at the technology, we have to make sure that the technology we are looking at is also the one we understand more and also believe that it is very useful to people in the future.

There are two categories of investors now, the ones that would buy during ICO, and the one that will buy after ICO, the one buying during ICO may even find it difficult to really judge by the technology since it has not been released for them to test it except based on the whitepaper that they have, but for those who buys after they have entered an exchange, I think they have no excuse to actually not go with technology instead.

OP point makes lotta sense, investors nowadays are the ones rushing project teams to do this and that for price gains, they expected things to be that easy which is impossible, the fact is not everyone is fit to be a crypto investors because most people want quick gains

Couldn't agree more. People forget about the roadmap and focus on those $, while at the end of the day its all connected to eachother. good technology + good vision = great results.
A lot of talk about alts are dead, alts are over. never understood that. If there is a new project with good technology it could be the next big thing.

Many investors really just do it for the potential income regardless what is the nature of the project nor they believe that the crypto will be useful in building up the industry of all cryptocurrencies. There were some projects before that have a good objectives in helping shape the society with the help of blockchain technology but very few of them survive until now. In the future, I do hope that there would be such projects that will succeed in pursuing the revolution through blockchain for the betterment of the society.

But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.  ::)

Why compare to the ATH? If you compare the coins to their ATH prices then you will see that they are all losing so much value. Even Bitcoin and Ethereum are losing big value if you are going to base your perspective from their ATH. This is not about technology anymore. The crypto market is really overbought the last time.

The thread was to focus on the technology but to answer your question. Although, all crypto in the market dump at least 75% price of there previous ATH price but there some certain thing (miners and community support level not system upgrading, partnership etc) ones needs to consider before choosing coin which i believe was the reason why IOTA was among the coin that dump 96%.
IOTA is Internet of Things project which was built on zero fees, scalability, almost instant transactions etc. So you can't expect such project to yield good return for investors cause it somehow like a voluntary project.

It is a good idea to concentrate on technology and its future achievements instead of focusing only on its price at the moment. But price plays a significant role when it comes to the importance of coins for investors. In general, investors look to current price and act accordingly while investing. So price is also important. 

IOTA still has a ROI of 9000%, you can try to check it on Coinmartecap. Indeed, if viewed from the price at ATH yesterday, IOTA has gone too far, but IOTA still has great potential to repeat it again, if you believe in the technology, also prices will follow.

OP makes a very good 👍point, people this days cares more about how much they can make instantly, they don't like waiting around for too long, I am more into what a project have in disposal, if good enough they can turn big in future, I care about the future than now

yup right, but many in this forum misunderstand about altcoin they don't care about developments just thinking about prices, if prices fall they say it's a scam. whereas if you look at crypto technology is very good for a faster and safer industrial development. I in this forum remain loyal to support the existence of bitcoin or altcoin not because of value.

From what i see, people in past and now is different. Because there are a lot of investor who come from money game too. I mean when ponzi scheme really popular, a lot of investor jump into crypto and some of them are think about short profit. Honestly, in past usually i am only trade and rarely to see condition of altcoin project in this forum, so i am not know about altcoin investor in past. Only see what happen now, investor will ask developer to listed in exchange, pump and then they sell their coin which bought from ICO and then change to other project.

I agree with you, every day we only discuss prices, prices and prices. Very rarely does it talk about how to apply its benefits to everyday life, even though it is a way for crypto to be used by everyone.
Every day only prices are discussed, as if bitcoin or other altcoins can only be called commodities. People forget what technology makes it, forget what benefits we can take.

most of the project team is doing this, which is busy with the development of technology, especially on the blockchain, which in fact there is no significant change and is almost the same between the development of one project with another. when they are busy with it, they don't pay attention to what's more important to their tokens, namely liquidity, volume and market cap. whereas the important thing for tokens is the first time you register on a market exchange, the value can be pumped directly to get a good volume, or it will have no value at all.

Technology and idea are the core thing of any crypto project. But nowadays traders are only focusing on price just to get quick riches overnight. I think crypto projects are like other projects like stock market where it takes longer time for any project to flourish and grow. Crypto project with good technology and idea will get its price increase over time.

It is true that the technology of the coin is more important than the price of the coin in the market.
But first, we need to know the project whether it is really a legit project or scam project.
Scam project with advance tech on their whitepaper is only wasting time.

I used to invest as a technology lover, but everything seemed to be against me. I hold and everyone sell off, even for ETH and the alts have great technology. I know that investing in technology will bring a lot of value to our market, but it seems we alone do it. and when going against the crowd, we will pay a heavy price. I used to contribute more than $ 5000 to invest in the technology of the WPP project and it was finally a scam project. The team also deleted the telegram channel and they no longer care about investors!

That's probably because you invested when that particular coin is been hyped and price is skyrocketing so you think your investing because of the technology that project has to offer meanwhile you're just chasing after the profit that project can bring. ETH was over price so was most other alts during the 2017 bull market. In situations like that, you should turn into a trader or take short term profit. When you invest in a project under development without any visible product and give the excuse of investing because of the technology that's not wiseness sincyyoureq blindly entrusting your funds to a project that has no guarantee of succeeding.

The industry is a very competitive and there are tons of project you can invest in with technology as backing. Technology only shouldn't be the only criteria but it should be consider just as I highlighted in the main OP.

90% of investors are here in crypto space because of the financial freedom part of it, they want to make quick returns as fast as possible, only 10% of investors invest because of technology