Bitcoin Forum

I'm here to clear few facts about some crypto coins, i will start with exchange tokens, people are getting things mixed up when it comes to real use case, many thinks once a coin has a real use case it's a must buy well this is for you, let me start with binance, i love the exchange simply because of the seriousness of the team and CEO himself i believe that's why they made it this far but im not 100% sure about bnb token because it's use case ends on the binance exchange, outside the platform it's nada,  i belief any good real use case should be for the public but bnb token is limited in this area, everything about bnb ends on it's exchange.

My second point is pointing towards Proof of Stake coins, we all love earning with no big hassle like POW coins but at the same time have you ever think that apart from the POS ability what is the use case of the token or coin itself? Many keep making this mistake that once a coin has staking ability it's the best, this is why many POS coins loses value while you are holding them to get your reward annually.

I believe that POS ability is just a +, assuming the use case of a coin is for means of payments either with many merchants or so and the coin still has staking ability makes more sense than a coin with just staking ability alone, please be wise with the ways you define your real use cases

Every project has a different goal and industry, you can not expect all of them to make it as a global payment system. Let's say a pharmaceutical token based project, the project is limited only to buy the medicine and in this area. Does that mean, this token is bad? no, because this is what they are aiming for.
Proof of Stake is a consensus, the use case depends on the project itself. Why people love it?
It is because it is cost effective compared to POW in running the blockchain, you can get a passive income from holding it, the majority POS project are faster in term of transaction speed compared to POW.

Basically you can call that POS reward just like a dividend to the hodlers and that makes we can call POS coins like security as it's also sharing the dividend to the holders. But i agreed with you in this case as POS has nothing to do with utility purpose of the coin. Not so many developers understand it very well about what means of utility.
When you build a platform but your coin is not needed a part of the operation in your platform and that will be a garbage coin in the future.

I guess you have a good criticism for POS coin.

About that BNB, why should it have a use case outside the platform? Until people code dapps for that bep2 platform it's just coin for decentralized exchange.
I don't understand your point on POS, it's just another way of mining and dilutes the supply same way as POW, how does it effect to price comes back to the supply and how fast does it rise.

Once their is a complete coin that will define to what you are talking about then other projects will just die in no time as there is no use for them already as the complete coin with real use case is already there.

I am satisfied on what is happening right now so other serious team still has a chance to develop the best coin/token that will satisfy the users to its best. Unlike any other currencies that didn't satisfy the users yet like bnb,ETH,btc and etc. as they have lackings in their own.

You are right about what you said. Although other friends want to tell about "great" bnb, we all know that there is no bnb without binance. On the other hand, the crypto market is used for speculation, except that there are very few cryptos in the market that meet the criteria you are looking for. In today's market, the best coin is the coin that provides more money.

A success of coins comes from a successful project no matter how useful if is. BNB and Binance is a great example, BMB didn’t make any difference with other coins and BNB is just a utility coin without a major usage out of Binance and yet, we can see that BNB is still on the top 10 coins and that is because of a good exchange which is the Binance.

This is real fact that many will still not accept, if binance stop working today it's the end for bnb token, take a look at bitcoin or dogecoin, these type of coins survive without any need of team updates because they are decentralized, even if their team dies the coins will live on, it's a different thing with bnb token

You got a point there but still some coins with good use cases do well and POS and POW coins give dividends and also more of privacy we needed in blockchain. They are good too.

We all know the fact that a lot of coins have no long term utility whatsoever. That is common knowledge.

Unfortunately though with the way that the market is set up, it is set up in a way where it rewards short term risk taking in which certain coins with absolutely no or little value in the long term could and have seen significant growth. This could include the tokens that you're talking about, whether PoS or exchange tokens.

At the end of the day if you're looking at long term stuff, obviously you want to avoid them. But it doesn't necessarily deter people from investing in the short term.

BNB still is useful though, you can't expect people to dump if since its being used by traders for less fees in the platform. You would want to pay binance with BNB than BTC but this isn't just traded in their own platform its also on other exchanges. Some may say its actually a centralize token but you can't find more users despising it.

Real use case of the coin sometime only appear when merchants already accepts it. I have no idea what TRX use for up to now but then the dapps I guess makes its use case. With more players to the TRON dapps, TRX will be valuable, it will be bought by players.

It is true that for now the BNB coins are dependent on the Binance exchange. Logically there is no BNB if Binance is abolished, but in my full opinion this is legitimate and it is unlikely that a team will just let it die, definitely looking for a solution to solve it. BNB coins can be adopted in the future, like buying and selling platforms or the like. it is true that crypto currently requires DEX, but the fact? people prefer the top central exchange, for certain reasons. between POW and POS both have advantages and disadvantages, the problem is that when there is no demand. and keep in mind that those who are superior in technology are the winners.

It's a mistake to assume that a utility token should be used outside what it was intended to be. People buy BNB because they want to use it inside the Binance exchange for trading discounts and its other uses. They do not expect to use its utilities on other platforms.

Why don't we use BTC for example, what is it's real use case? Can you also used it to avail trading discounts like KCS on Kucoin exchange or BNB on Binance exchange? Can you also use BTC to pay for gas on the ethereum blockchain? Mind you, these altcoins can also be used for P2P payment just like BTC as long as two people agree to it.

I agree, for the continuity of tokens in the long run, the pow and the post alone are not enough and there is more concern if it is just hype because if there is no real use case, the tokens will stick on their own market. and worse if the token does not have liquidity, then the token will be stuck and the volume will be difficult to rise.

I agree with the issue you are introducing but I'd disagree with the example of BNB. On contradictory, BNB is one of the multiple use currency, one that has much more scope than most of the altcoins. BNB is not only a discount token of Binance, but it also a fuel in BinanceDEX and is also accepted by multiple of merchants like Travelbybit, Aeron, Moeda and many more.

Though I don't feel danger for Binance coin, because it's main use case is the world's best crypto exchange itself! Binance exchange has many features, BNB coin will stay until the Binance exchange stays!

I agree with your opinion about POS coin, these really are worthless after a certain time! I have seen thousands of POS coin all of these years, but a maximum of them are dead or scam!

BNB use cases is only limited and used only on their exchange but compared to other tokens I consider it as a valuable token since Binance is one of the top exchanges out there. There are also some projects who promises token usage and adaption but still lack community support so still ended up dead or their value drops.

It's just a variation of the discussions people used to have back back in 2013. Back then the big thing was to issue an "ASIC-proof" coin that you could mine with your laptop. Just being ASIC-proof was supposed to make the coin so special it had value.

It was designed to appeal the the niche bitcoiners who were into mining - and these new coins are designed to appeal to the niche bitcoiners who are into staking. Neither group is interested in the wider public or in building a genuine eco-system around their coin.

Isn't that the dangerous side? A coin that survives only through exchange. Developers may have added some features lately, but who cares.

POS coins must have an additional function that is, since when the type of mining has become its useful product. Otherwise each coin gains value without any usefulness, then switches to POS and gets its own place in the market.

But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future  :D. And we will sell them these altcoins and buy Bitcoin!  8)

I don't think we'll see similar market as of 2017, A lot of people didn't knew anything about crypto but nowadays people have some idea about crypto. But greed probably will bring them in and mostly top 100 will have the most to gain. Let's hope we have another bull market.

When I buy BNB, HT, KCS coins I don't look for the use cases! Because they are from the most trusted crypto exchanges! You don't need use cases from these coins if you only invest to make profits!

you think very right but you also look at all system too seriously. you should look at POS or BNB just as an opportunity to earn more bitcoins in your portfolio. you should not rely on any coin as promising, except for bitcoin. all altcoins now are just opportunities to make money and it is just your decision - make money or sit and think

Exactly, some altcoins are real good for trading, I mean you can just make a huge amount from em, like in short term period, but not all crypto are good for trading, like you can just waste your money if you'll invest in the wrong coin.

Every utility token is limited to its platform especially tokens not coins. We all should get these facts right now to avoid a repeat of the past year tokens performance. This really is the difference between tokens and coins. For coi ss, they fuel their blockchain network such as Eth that every token on her blockchain uses it as gas. BNB is not the o ly cryptocurrency affected but every utility toke. Is.

You have a clear message which says that true use case should move beyond the immediate crypto community or infiltrate the outside world to drive cryptocurrency adoption. You are right because, these use cases limited to just exchange or project comfort zones are no brainers and doesn't really help grow the community. On POS, I don't even see that as any use case. It's simply a consensus algorithm to me and nothing more. Both of the major algorithms is just profitable to the community if harnessed via staking or mining

One of the first lessons we learned when we first started cryptocurrency trade: Do not trust exchanges. Actually, I know that things do not work from this way in the market, but I also know the possibility of an unexpected fall may happen at an unexpected time. IMO there should be more logical reason to create demand. Because we are all aware of the issues faced by exchanges such as hacking.

The coins must be utility too. Basically, there is no a lot of difference as utility is the main requirement for token or coin will not be called as security. When a coin already used as gas to create tx and it doesn't mean you can call that as utility coin because it's only to pay the fees to use the network.
Remember some blockchain like EOS coin and TRON coin can still be considered as security too. The main point is not there.

I've thought about this before and you get the point, OP.
Why is BNB always a target to buy when it has no other function than in the exchange. I think people are too hype with bnb so they are too sure about it. On another exchange, they issued their own tokens but it wasn't too hype like this bnb.
In addition, I think PoS is indeed the best solution for those who cannot do mining because of the enormous costs. But if seen from the situation, if a coin only has a form of staking, what's the point of the coin. These coins are nothing more than junk. And the price has no basis in my opinion.

the purpose of real use cases is also not very successful at the moment and still requires time.

we can see the struggle of npxs with their products, but luck has not yet earned them good business development value. Bnb coins start trading on other exchanges and their own dex, these coins are still relatively new, and I'm sure they will do more than this to answer any concerns of their users.

I will tackle on this point have to edit your thread, you have a good point but Binance coin is getting good value in the market, because of the trust, and it's usage on the number one exchange in the market, but things are going to be different if Binance is not the number one exchange in the market, as long as Binance is the number one exchange their coin has no danger of losing its value.

It is the best. For making money.  ;D
I didn't thought of real use case on this kind of a deal.
Same goes with all my staking process coins. I just want money from them.  :D
This is the reason why bitcoin could never be POS.



But there is a problem.
I know you want the good thing for all the crypto enthusiast.
The problem is it became a store of value.
So what is best when people want to just keep their coins and never to use it? POS!!!

No one knows when the next hype will happen or it will happen again. There will be always new investors but i am more affraid for old investors that decided to leave this kind of investment becaause of affraid of loosing more money. It will be harder for them to get back the trust on them to invest again in crypto.

That is true. There are actually many investors, especially altcoin investors, who left the market frustrated and disappointed because of what happened to their investment. But they are partly to blame. They were joining the bandwagon when there was hype, when the market was very bullish. They were too fearful of missing the train that they joined when the prices are high.

that too has already happened when many ICO projects were fraudulent. investors left ICO and switched to IEO, but I am also sure that many investors left investing in the project despite switching to IEO, especially with the price of bitcoin falling further at that time

Investor is the kind and never have word for waiting when ICO have dead they will try other way for earning much profit with IEO investment, ICO always delay listing coin with long time and make investor frustrated with their money and invest with other way where given more faster become to sell their coin investment, weakness of ICOs is most delay for listing coin on market exchange.

You've been hyped, uh-huh.
Though you're somehow right however we can't deny the fact that bnb token had got good cases especially if you're frequent trader in Binance. The deal is sooo good compare the others.

Well, everyone was so positive that time and actually we don't expect that the bubble will burst anytime. I hold mostly my alts and I've seen my portfolio dive which is too late to sell.

The feeling was heaven at that time. I know of some people who sold some because there was already huge money. I did not because I felt so positive and perhaps greedy. I was thinking there was still some more money in the days and months to come. The prediction of Bitcoin even rose to $25,000. Well, everybody knows how it ended.

Everyone thinks that the price of bitcoin will soon rise to $ 25,000, it makes sense if the price of bitcoin can redeem that price and that will happen if a big pump occurs.
I know this is the beginning of investors starting to move on the exchange to have as much bitcoin as possible to approach halving, why halving is very important because looking at history before prices can soar high with its new ATH.

Blood is definitely thicker than water, i think that's what OP wants to so, real use cases are of different types and they are more stronger than each other, i'd go with stronger use case as well

Because ICO has been abandoned by many old investors and new investors realize that in the end they will not invest their money in crypto (like ICO or IEO). But I'm sure there are still many investors who still want to enter the world of crypto investing coins/tokens on 100 top coinmarketcap.

in investing now it would be better to choose a coin that has a good rating compared to new coins which certainly will risk more. so far investors have started to be more secure in the type of investment they are doing, maybe because a lot of fraud or losses they experienced then they are more careful

We still have many new investors in crypto space if you don't know, the only thing that stands between real projects and fake projects now are top exchanges like binance and new investors are smart to go for such projects

I agree with you there still a lot more coming for us in crypto. Some of the countries are starting just to adopt the blockchain technology  as one way to improves, innovates and revolutionize a single platforms using crypto. Once investors see the full potential of blockchain they would not hesitate to go at it and make it a full time habit.

I believe that POS-type mining tokens will be the direction of future development. So far, many exchanges have participated in equity-type POS mining and distributed benefits to users, which can attract more user attention.

We will definitely see a new ATH better than that of 2017 because the future hype of crypto either bitcoin or altcoin will be better than what we've seen in the past, when many countries start building their coins many new investors will join

The OP made his points very clear. A lot many of the altcoins are like inflated balloons and their current market capitalization represent 10x to 100x of their fair valuations. There can be no better example other than the Binance Token (BNB). That coin doesn't even represent the total worth of Binance exchange. Then how can it have a market capitalization of $2.3 billion?

In my opinion, you need to understand that every project cannot have a use case for the entire public. While some are useful for the entire public, just like bitcoin which is a major means of payment, others could be limited to an exchange, just like bnb. The major goal is to be useful. Let's channel it down. Every human being is useful, some persons may be at the helm of affair, piloting World issues, while others national and some more local. Every person cannot be as relevant as president of the United States.

But the previous halving is also telling us that the rise in price of Bitcoin after halving is not immediate. It will take time. It took months before the price of Bitcoin rose to a significant level after the halving was implemented. I am not saying that what happened in the past is going to happen again in the coming months. It is even possible that the halving that everyone is talking about will not really push the price of Bitcoin up.

I agree with your take on bnb token, it doesn't have much use case and is overvalued.

I think the development of BNB is not only in the use of their coins. Their market can move if their blockchain usage also grows. it will build their community stronger. we will see how ethereum grows and I think BNB can do it too.

Yes so we should not expect too much from the price as it may vary depending on the market from time to time, it may become worst this year, becomes stable or we will experience another bull run again, what matters is that we are ready with every situation we may face this year, choose the right strategy no matter what.

I agree. Every project do really have different goals and usage for the society. It does not intend that a token from different projects must cater all around use because the token is design for a specific usage. The aim of every project is to promote solutions for societal problems in use of the modern technology which includes the use of blockchain technology in short cryptocurrency tokens. Every tokens have their own real usage which is unique based on the specifications designed by the project creator. So we must not always expect that all tokens can be used beyond their designation. It is because of their main usage why people uses it not just basically by their price due to the fact that they do possess their own purpose of existence.

I focus on your first point, for example BNB. as you said, BNB does only revolve around their exchange. I mean, it is of no use other than their market. but the TEAM and the CEO can maintain that. make BNB stable. in general there are no tokens that have large functions. there is no serious use. there will be no coins / which can be like BTC or ETHEREUM. but I still believe, BNB is better than other coins after ethereum.

What you are missing out is that BNB has a usecase in only binance and outside its nada but there are thousands of coins that are nada everywhere, that Is why BNB is liked over so many of them.

Look at the coins outside of top 20-30 for example, 99.99% of them have ZERO usecase and the ones that actually claim to have a usecase are not used in volume at all by the community. So, when you look at BNB and all the millions of dollars spent on binance using BNB every single day, many people say "at least this is a utility" and not zero.

You are putting the standard too high for crypto specially BNB, currently even BNB is much much better utility token than almost all others, there are maybe 5-6 coins with better utility which is why BNB is so high. Nobody says BNB is the perfect coin which can be used in 10 different ways, but at least it has something which still beats out almost all others.

it seems that only if binance gives up / goes bankrupt, bnb will also be greatly affected, but actually that is not true. I have always seen how coins can talk a lot in 1-5 years along with the enlargement of user interest to really think of the name of a particular coin for transaction purposes, of course it can be assumed that the bnb utility is equivalent to eth because it is stable with its own network and many coins have been migrate on bep-2 to increase activity on two different networks.

Yes you are right, the reason is because it is a mature and successful platform that has made BNB a popular coin today with high prices and volumes. Some exchanges also use utility coins in their platforms, but they are not as successful as BNB.

BNB's proof after the theft is an important reason for investors to believe it. at that time Binance was fully responsible for the loss of its members' funds, and since then binance has become a favorite exchange. and I'm sure more and more are investing in BNB, especially now that it is ranked at the top

I agree with your opinion, there are too many crypto projects on the market and the majority of them have the same problem - no real use case. They might have cool blockchains, but if they are not being used by real people, such projects are useless.

This one of the main problem of crypto world there is alot of them and no one can stop them from spreading a lot of new altcoin are being created and no use at all. They are just full of promises and that's it is much better to avoid an ICOs since for sure they will just scam the investor.

And we all know that some of the altcoins are being deleted by exchange because they have no volume and just a pump and dump scheme.

I'm not defending Binance token, but since you are making a point that Binance token, is very limited to its usage on the exchange, I would like to make a point that exchange is an integral part of Cryptocurrency and as long as Binance rule the exchange industry, their token will have value, and there will always demand in the market, and Binance is always innovating always developing to create demand in the market.

It's correct! And of course, as mentioned above, Proof of Stake is only adequate for altcoins used for payments and regular transactions by a large community. PoS isn't wrong but there're many projects used it as a slogan to call for investing.

Ethereum will succeed even when it switches to the Proof of Stake algorithm. I firmly believe in that!

Ethereum has a better use case already and implementing the POS ability is a wonderful move from the team, with POS ability ethereum will earn the heart of many whales and many holders, the only problem here is the minimum POS requested by team

And the right strategy at this point in time is to continue to have strong hands and HODL. Never let it go. There will always be uncertainty in the world of crypto. But one thing is certain though, we will always be hitting new ATH. We should be there when it happens. 5 months from now, or 1 year, or 5 years; it does not matter. What matters is that we are here to stay and wait.

I think POS mostly relies only on people storing their tokens.
That is one of the reason that the value could go up.
But there will be a lot of withdrawals too once they felt the profit coming in.

Ethereum will be one of that after the fork. I am still thinking if I need to buy more or people are getting pessimistic about this and might withdraw.

It's the reason we should not invest without thinking and analyzing it's specific purpose and the possible things that may happen because you can't easily trust and believe their promises. Unless you have done your own research regarding that specific project and you have determine that it's a worth it and profitable project because we can't change the fact that there are some projects these days that was made to deceive and take advantage of people who don't have enough understanding on finding the best project for them. Also, scammers will always look for opportunity to get the benefits they wanted from us and that is the reason why we have to be cautious before risking our own money to avoid feeling remorse regarding our own decisions. We are not underestimating the capabilities and potentialities of these projects but because of it's ruined reputation about scams then we should explore more details and information about it before investing to assure ourselves that our funds are safe and secured from scammers. Regarding bnb, if it's beneficial to some of you then probably it's worth it. Well we can't just judge it's capabilities without even researching it, as far as I know it's useful when it comes to trading fees.

Binance coin may be limited in its territory but they rule on the most important industry in this business and that is the exchange, Cryptocurrency and exchange are two industry, that you cannot and impossible to separate, so Binance token will always have value as long as BNB is on top of his game.

I think that the pessimistic attitude is a temporary phenomenon. Whenever there is a transition to something new, people at first do not understand what it is for and do not see the benefits for themselves, but the transition to POS is what needs to be done for the successful development of the project and for solving the scalability problem. Now such a transition is very bad for miners who bought equipment for mining ETH, but in the future ETH will simply die without POS and then it will be even worse for everyone

For the exchange coins, these altcoins save the trading costs for the specific exchange. In general, ordinary people think the financial markets are useless and it is rigged by the bankers. For breaking these symptoms, explaining the importance of the traders and showing the reasons why traders are not a parasite that makes money with speculation.  It doesn't matter how much you know, what you explained is limited to the understanding capacity of the person..

Lol if you’re really expecting all these coins to be used for purposes as you have defined, then you’re getting it wrong because that’s never going to happen, people are not interested in using most of these altcoins for transactions , the choice for use is mainly bitcoin and anything else apart from that is hardly considered as a choice by many.

There is always purpose for every coin or token, and BNB is not a bad example, it’s a good coin and is serving the purpose for which it’s meant for. Some companies may decide to create a coin and limit the usage to their platform alone, I don’t see anything wrong with that, and it doesn’t that coin is not going to be successful, as long as the team knows what they are doing the coin will be a success.

Of course, personal tokens of each of the cryptocurrency exchanges suggest the presence of certain bonuses and benefits for each user for trading.  But I practically do not see a single cryptocurrency exchange that would show good results for its tokens.  An exception is the combination, because BNB really showed good progress, but nevertheless, such a rise in the price of BNB is primarily due to attracting new investors through new IEO projects on the Binance.  If these projects do not show good results in the future, BNB will be able to worsen its position in the cryptocurrency market.

It isn't possible for Binance to suddenly stop operating. You're not going that route just to spread fud it wouldn't work for someone who think in real life. POS coins are good and some also have use case while having POS algo. Its a matter of preferences to an investors side. I stake my EOS for good while also helping to contribute CPU and RAM to dapps/

I will categorize the stated danger as dip/dump in price
And it awaits every coin in the crypto sphere.

The projects with the working product or protocol will come back stronger

that kind of coins or tokens is not good for long term because there are no real use of that and it cant add any more demand since they are no use cases.  If you have that coins and tokens sell it if you given a time  all of them will be dead in time and you cant recover the lost you will get if thats happen.

how can that happen while on the same side we can check if bnb tokens can still be traded on other exchanges which in fact does not only end up on their own exchanges, if tokens are not traded significantly on other exchanges, then it is not possible for bnb to still survive on the coin list top rank until now

That's the use case itself for POS IMO. It's somehow comparable to dividend or mutual fund in real finance asset management. It give you profits monthly, yearly depends on your current holding.

When it comes to mechanism POS is much lighter on consumption compared to PoW which is the consensus being use by btc. PoW is actually the most effective but of course this era is changing innovation improving and we can't stop modernization especially related to blockchain.

How do you make a category in danger? because basically all people must be aware of the dangers they will face when a price falls on a coin or token in the market.

Yeah it can be traded on other exchanges but then what? This coin's main utility lies on the binance services and only acts as a way to get discount or IEO funding and there's nothing more to it. If you think that a coin deserve to be ranked top just because it got traded on various exchange that's just ridiculous. Coins exist aren't for the sole purpose of being used for trading but they serve to offer utilization.

Having other use case than being an exchange utility token is always a good thing.  If BNB enable its native token to be used outside BNB, then its market dominance will surely expand.  More usability means more demand.

If what is done by BNB is positive, I don't think it will harm investors, indeed it is better than BNB being used in its platform alone, if BNB is used outside the platform, of course the marketcap will grow

Well, some project just introduce POS in other for many of their coin supply to be locked and try to control the quantity available in the market to keep a decent coin price while they concentrate in other areas of project development that is needed to adding value to the project. Although this strategy has proven overtime never to guarantee value preservation, just may help to keep liquidity in the market and investors always having the project in their mind because of their expected reward. Altcoin POS is not the best way to make a lifelong profitable investment.

it is based on real usage or it is often said that the coin has a real product. but we all also know that every project has a different concept and product. and if someone wants to invest in crypto, be aware that not all coins can be profitable and the product can work well. please reconsider before taking part in this cryptoqurrency space.

Patience is needed and indeed many people believe that a few coins can reach the ATH again, but when it will happen no one knows and many people will choose to hold it for now, but sometimes holding it alone will not make us benefit because for I personally want to keep making profits in the short term by looking for opportunities from a few coins.

the real platform is indeed important, and sometimes there are also those who are concerned that the project has partners with large platforms or not. most importantly we can understand the concepts they have because projects can grow when they have the concept to create a real platform and are supported by other developments.

with a real product attached to the project, it certainly can be a separate reference, and if the project implements according to the roadmap and plans that have been set and have innovations I think it is still feasible to hold on to them. Solid community can also be a reference to help its future development

Only one thing i know for sure ,projects with no working product ,no use cases are the coins that is in danger and going to be eliminated in the world of crypto soon. If this happens it will be a big help to those projects and teams who are working very hard.

That happens every time an economic bubble trend arises. Dot com is a prime example of how most of the projects that were created at that time were dead and only on paper. No clear roadmap and only promises, those things made an economic bubble and cryptocurrency is also a victim of this.

Honestly, I'm sure this case didn't only happen in the cryptocurrency now, it always happens around us, in other fields.

The simple truth is that most developers don't have any vision of operations a lot are copycats, while some are here to make some little more money and exit scam.

Yeah that would be the main thing that we need to look for if we are looking for solid project but we should not rely on this since there are some who owns a product but still manage to get out and leave their investors on the ground that's why I suggest if the project is new is not to hold them on longer period since putting some trust can be bad since for sure the dev will fill their pocket first before yours so sell when the price is expensive and buy when the price is cheap.

It is true, many new coins that ultimately have no value and are removed from the exchange and also only eventually accumulate in the wallet and become junk. So it is true that when we get a new coin it is better to sell it and I personally will also choose to sell it even though the price is low but I am not too concerned about it and after I sell it then I will reinvest it into the top coins that I think have potential.

The only danger I see is coming after those copycats projects who lack idea of what they want and what they should do, so it will get to a point where you have to separate real projects from the fake.

Projects will just rely on different usecase of their token to be used by its community. The bigger the community the move volume it could have and price may go higher than some tokens. I like to see some of the tokens I hold which are mostly exchange tokens and it will just be used in the platform.

BTC seem to be a better coin of course just like some other coin that are POW and that miners will tend to sell for higher price.

You are right , to some extent I think not all of this coins are entirely useless and also it depends on the goals behind the creation of each coins. Individuals also have their reason for Investing into a coin, so at the end everybody will be happy as we all are after profiting.

And how many cycles (bear and bull markets) we already have. And what changed? Nothing, people will surely invest again into ICOs and another shady crypto projects with the prospect of great profit powered by FOMO effect.  ;)

I never buy into the idea of POS coin, we all know with more token and inflarion the price get diluted because the artificial shortage and not natural scarcity that move the price higher. I think you are wrong with  BNB, you can say this about other exchange token but the demand and use of BNB tokens outside of the exchange is very high, I can say after BTC  and ethereum and maybe monero, BNB is next

Not all coins are useless. However, the problem is that people expect prices to increase continuously. A coin rising so prices should not rise. Then the prices thought the project is called the worst. This situation needs to be solved.

projects with working product  doesn't necessarily safe. You should differentiate project with working product and having its own market than a project with working product but have no market and just exist there meanwhile no one is using it. There are many projects that ended up to be miserable despite having working product although that's really unfortunate but it's the reality. Not all project with working product could hold on.

Binance coin will be use in real case. Binance coin has more bigger plans real use case, monopoly of the whole market. People don't care about who are mining coin, they just sell it. After POS of Ethereum, you can't get Ethereum without buying so you will understand the real value of this coin. I think, this isn't danger for any coin.

Well an investor would always expect profit and coin price to go up. Only those traders are the ones that will try to pull the price down to accumulate more of the coins. Its what they always do to profit. The more people who trade the coin, it means its has demands and shall the price go up. It doesn't necessarily have the use case but its features can help. XMR for instance doesn't ' have use case but its anon features gets demand.