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Author Topic: What is needed for Altcoin to survive long term?  (Read 204 times)
justyourkuya (OP)
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April 09, 2018, 08:49:15 AM
 #1

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?
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April 09, 2018, 08:52:58 AM
 #2

Only use, if altcoin is useful and widely used it will always have a demand and an offer.

It will be live as long as it is used.
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April 09, 2018, 08:56:55 AM
 #3

Then the value of altcoin should be recognized by most people.
And this altcoin code keeps updating, and the team has been developing the project, which is the most important.

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April 09, 2018, 08:57:11 AM
 #4

if altcoin is much of interest as well as the community that strengthens the altcoin. This, in my opinion, will make the longevity for the altcoin.
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April 09, 2018, 09:27:33 AM
 #5

An altcoin will survive as long as is used by people. The best would be to be used as a currency (this is why is made for) in super markets, every day shopping, and one day hopefully in the banks. Then their price will begin to stabilize and to be will be less volatile.
This is the best option for every crypto, which was created not to make their creators rich, but to serve all of us.
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April 09, 2018, 09:34:40 AM
 #6

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?

Yes, there are too many emerging altcoins in the market nowadays, but we don't know which of these are getting more survive in long term.
Firstly you look the use of the altcoin to make survive in the long term, I have one example that altcoin may use and it might survive or probably the next step of bitcoin. No other than ethereum, it has the smart contrast and it is commonly used now in ICO's project to purchase their token so there's no reason that it will not survive.

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April 09, 2018, 09:37:27 AM
 #7

A good coin will always survive on long term because people are going to use it regularly. As long as people keep using something, even if they are only in a small number it will survive because those people keep it alive. But not only people are responsible for keep a coin alive, I think the creators are also very important because they have to promote their coin and continuously work to improve it and make it fit people requirements. At least in the first years that coin has to be promoted in order that enough people hold and use that coin to keep it alive. If there are hundreds of thousands of users they are going to promote themselves the coin further and it will survive for a very long time.

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April 09, 2018, 09:38:49 AM
 #8

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?


You need a big enthusiatic community to keep it going through teh dark days. That's what bitcoin had durinhg 2014-2016, and that is what sustained Doge through various ups and downs.

 
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April 09, 2018, 09:40:37 AM
 #9

All it needs is public activity, a hype. If people hear about the coin from day to day they start using it. Just how that happened to Ripple (for example). Obviously its a useless coin but people buy and sell it
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April 09, 2018, 09:49:28 AM
 #10

to solve the problem if I do it myself by working on the original job in my area so I do not need money in a short time in an altcoin. tired but this way is very good to do.
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April 09, 2018, 09:51:21 AM
 #11

altcoins needs development and progress to survive in long term. not all altcoins will survive many will fall even though they have good ideas. having a good start and support of community would help altcoins active or run for a long time. also being in the top or being popular will help it survive for a long time.
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April 09, 2018, 09:52:35 AM
 #12

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?


To do this, it is necessary that altcoins find its peace of cake in business processes. If it approaches to solve some applied problem, then he will be invested.

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April 09, 2018, 10:38:00 AM
 #13

Only use, if altcoin is useful and widely used it will always have a demand and an offer.

It will be live as long as it is used.
I couldn't agree more. In fact, this might be the biggest problem with the market. Most of today's coins offer platforms for other projects or cover some specific audiences like musicians, gamers, fitness couches etc. However, these are the ideas they present to find investors. Some of them are better, others are worth, but eventually they seem to care not about the product development, but about the price rising. They draw attention of traders and the token is considered successful if its price rises. People forget that it was not about the token, but about making some business easier. That's why when some minor things like ad bans or ico regulations appear in the news, the market goes crazy. It is because most of project don't have real value even close to the trading prices.

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April 09, 2018, 10:57:22 AM
 #14

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?


While investing in an alt coin, take care of following things:

1) Who are the people behind the coin. For instance, tomorrow if Bill gates comes with a coin, people will buy that coin blindly. So having a reputed name associated with the coin gives free initial promotion.

2) Also see if the coin is offering something unique. For instance, monero became popular because it is more anonymous then other coins and thus its prices have risen.
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April 09, 2018, 11:00:56 AM
 #15

It must have a great Community, then 2 ore more Exchanges and a Vision for the future!  Then i believe it will the alt grow up easy...look like Ren or xsh!

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April 09, 2018, 11:05:25 AM
 #16

I think good marketing campaign and completing roadmap with new partnerships and technologies. Alts are good and some of them are really sleeping giants (like EOS and NEO for ex.)

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April 09, 2018, 11:07:28 AM
 #17

it will survive aslong as it can be used or it has a used case, a real world usecase to be exact some altcoin will die due to just being an IDEA only
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April 09, 2018, 11:09:27 AM
 #18

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?

Everything is depends on investors so some altcoins are created in big gaint and MNC company or some banking support coin. These coins are survive in longterm and this coin price also depends on Bitcoin so all the investor aim is Bitcoin. But bitcoin is drop in the market automatically all the altcoins are down.

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April 09, 2018, 11:11:00 AM
 #19

I think good marketing campaign and completing roadmap with new partnerships and technologies. Alts are good and some of them are really sleeping giants (like EOS and NEO for ex.)
They haven't really been in the market for a long time so I wouldn't use them as an example. Some altcoins who have proven themselves to have survived for a long time is litecoin, eth, waves and many more. Good marketing campaign and completing roadmap is one thing, but what keeps altcoins survive long time is improvements(it keeps demand going) and it's use cases(like what others mentioned).
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April 09, 2018, 11:13:44 AM
 #20

Many are into digital currencies and are engaged in total availability and market transactions. With the assumption that it’s value will go up in future, how will altcoin survive long term?

For me Altcoin has a high degree of risk, so it is not suitable to be a long-term investment. For me that Altcoin is more suitable for short-term investment because usually altcoin which only lasted not long so we can only use it in a short time.
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