As I was reading through some of the ANN threads, I noticed a common complaint. A lot of people feel that their favorite coin is undervalued compared to other coins. Is your favorite coin ( altcoin, Bitcoin, wooden nickels, etc... ) undervalued? If so, what makes you feel that way?
Of course most if not all crypto coins are perceived as undervalued. Keep in mind that this extends well into Bitcoin and anyone who holds them.
You can think that part of the problem is that since Bitcoin is the Grandfather of all current crypto's, the price (and dare I say it existence) depends on Bitcoin. Since the value had slid down from $1,200 to anywhere from $200 to $250, you can also expect that all other coins will depreciate in value.
One thing that never ceases to amaze me is the brazen language used when launching an alt coin, or even existing ones who continue on bantering about how they should be $300 if Bitcoin is $200 (this is a very large generic paraphrasing, often used by the 2.0 crowd. Essentially meaning that they state they are better than Bitcoin yet are still very very cheap). Now this certainly isnt a knock what so ever to 2.0 coins or any coin for that matter (because there are a lot of coins doing some really cool things!), but the general consensus around these parts is that tech = value. There are a slew of factors that are involved, and even with the best tech (along with the obligatory trolling for their own coin along with slandering others) wont skyrocket the price.
The markets are what the markets are. Short of a
"MAJOR adoption in cryptos" as a whole or some significant pumps into any alts, we are all pretty much where we should be.
Pro tip for anyone reading this that cares,
help with crypto adoption and everyone wins. And stop slandering other coins for no reason.
I write a well thought out post on this, and every other post is "ohh yea XXX coin is undervalued".
Sheesh!
I appreciate your well thought out post.
"MAJOR adoption in cryptos" /
"help with crypto adoption and everyone wins" - this represents everything as to which cryptocurrency will be successful and very little is being done about it by 99% of the currencies. The undervalued crypto will be the one that is taking legitimate steps to reach people outside of the industry. Having a merchant claiming to accept a certain coin doesn't count for much, if no one is holding it.
We all believe in one or more of the currencies we hold, but only future hindsight will prove which one was truly undervalued right now.
