The current situation of the market is really in a downfall state, there is a crisis on the market value of many cryptocurrencies on the market. Some ICO's and companies often lead to close their projects. They always said that, the market is so critical for the project to continue. As a result, many bounty hunters are not paid. Is this the new form of Scam?

This topic might help cryptocurrency users to understand an economic term Sunk Cost Fallacy.

First, we should need to understand what Sunk Cost is, it is the cost that is lost and cannot be recovered because of such actions.



Let's start the discussion here. A lot of us do investment in cryptocurrency, we hold different coins, hoping that its market value will going to increase in the future. We should understand the economic term, sunk cost, in order to minimize the impact of losing our money based on our choices and decisions that we execute.

A lot of time, we invest, including extra time in a project that we are sure that we were not going to abandon it no matter what happens. We always think of all of our investments that we spent to the project or decision, all the hardworks and efforts are important to us not considering the future cost that it can bring.

There are some instances that the need of abandoning a decision early is guaranteed to be effective and less costly.

As early as we think that a project is going to fall in the near future, we should start to think deeply whether we should continue to support it. In order to prevent the sunk cost fallacy, we should always try to see the satisfaction or the return of investment. If the return of investment is fair, proceed. But as soon as possible, if there are much more possibility that the project will incur a negative impact to our investment, it is advisable to stop it.

Applying it to the use and utilization of Cryptocurrencies, There are altcoins that shows no hope for recovery. If we are investing to it knowing its negative state, we can stop ahead and choose a more promising altcoins.


If you think you have more suggestions on the prevention of sunk cost fallacy in cryptocurrencies, please support this thread.



Be informative, efficient and effective.

 A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.


What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?

What do you think is the capabilities of upgrading an account to a copper member when you are a newbie?