Bitcoin Forum
June 15, 2024, 06:47:00 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3] 4 5 6 »  All
  Print  
Author Topic: Factors That Make One Cryptocurrency Worth More Than Another  (Read 11304 times)
pereira4
Legendary
*
Offline Offline

Activity: 1610
Merit: 1183


View Profile
May 15, 2016, 04:28:26 PM
 #41

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.
Viyamore
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
May 16, 2016, 02:12:14 AM
 #42

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.
Now i know these 2 factors , yes a best roadmap among the others ,then a network effect of a crypto just like what ethereum happened , they will need more support from sponsor who will use a crypto .


                 ▄▄▄██████████████████▄▄▄
            ▄▄██▀▀▀▀▀███████████████████████▄▄
        ▄▄███▀   ▄▄▄   ▀████████████████████████▄▄
     ▄██████  ▄███████▄  ▀██████████████████▀▀▀█████▄
   ▄███████    ███▀▀ ██    ███████████  ███▀  ▄███████▄
  █████████▄  ▄█▀  ▄███    ██████████  ▄██  ▄███████████
 ██████████████▀  ████▀   ▄██▀▀▀████  ▄████▀  ███████████
██████████████▀  ▄███▀   ▄█▀  ▄▄ ██▀ ▄█  ██  █████████████
██████████████   ▀     ▄██▀  ▄█  █▀  █   █▀▄  ▀███████████
█████████████▀  ▄███▄  ▀██   ██ ▄▄▄  █▀ ▄▄▀█▄  ▀▄█████████
█████████████   █████   ▀██▄ ▀▄████▄  ▄███▄▀  ▄███████████
 █████   ▀██▀  ▄█████    █▀▀█████████████████▀███████████
  ████   ▄█▀   █████    ██ ▀▄█▀▄▄▀█ ▀▄▀█▀▄▀ █▀█ ▀▄██████
   ▀███▄▄   ▄█▄ ▀▀     ███ █ █ ▄▄▄█  █ █ █  █ █ ██████▀
     ▀██████████▄▄▄▄▄█████▄█▄██▄▄██ █▄███▄█▄█▄█▄████▀
        ▀▀██████████████████████████████████████▀▀
            ▀▀██████████████████████████████▀▀
                 ▀▀▀██████████████████▀▀▀
      ..Powered by..
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
|
|
|
|

   ▀██▄       ▀████▄
▄    ▀██          ▀██▄
██▄ ▄███         ▄█████▄▄
 ▀███████▄     ▄██▀ ▀▀████
      ▀████▄ ▄██▀     ▀█▀
        ▀████▄
        ▄█▀████▄
      ▄███▄▀▀████▄
    ▄████▀    ▀████▄
  ▄████▀        ▀██▀█▄
  ▀██▀            ▀██▀
pitham1
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
May 16, 2016, 09:47:44 AM
 #43

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.

Bitcoin has the best development team?
If it has such a great team, why is everybody still quarreling about the block size?

romero121
Legendary
*
Offline Offline

Activity: 3192
Merit: 1213


Enterapp Pre-Sale Live


View Profile
May 16, 2016, 09:49:08 AM
 #44

In my opinion developer has a major role in a digital currency growth. Another important factor is the small scale coin miners. Only if they involve those coins get circulated, so that more and more people accepts and makes it more stable among the other Digital currencies.

█████████████████████
█████████████████████████
█████████▀▀▀▀▀▀▀█████████
██████▀███████████▀██████
█████▀███▄▄▄▄▄▄▄███▀█████
████████▀▀▀▀▀▀▀▀▀████████
█████████████████████████
█████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████
█████████████████████████
██████▄███████████▄██████
█████████▄▄▄▄▄▄▄█████████
█████████████████████████
█████████████████████
 
    CRYPTO WEBNEOBANK    
▄▄███████▄▄
▄███████████████▄
▄██████░░░░░░░░░░███▄
▄████▄▄███████▄▄░░░██▄
▄█████████████████░░░██▄
████░░▄▄▄▄▄▄▄▄▄░░░░░░░░██
████░░██████████░░░░░░░██
████░░▀▀▀▀▀▀▀▀▀░░░░░░░░██
▀█████████████████░░░██▀
▀████▀▀███████▀▀░░░██▀
▀██████░░░░░░░░░░███▀
▀███████████████▀
▀▀███████▀▀
Pab
Legendary
*
Offline Offline

Activity: 1862
Merit: 1012


View Profile
May 16, 2016, 04:18:07 PM
 #45

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

By my opinion community is the most importent
Legitimate devs,and constant improvment
Finally be a currency,means buy and sell something with crypto

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
amacar2
Legendary
*
Offline Offline

Activity: 1120
Merit: 1008

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 16, 2016, 04:58:11 PM
 #46

any coin which like to get some market value should have large no. of developers with all of the background including webdevelopment, linux expert, c++ expert etc and also quite energetic. Its better to have ICO to collect some funds to be used in development of blockchain, web wallet and strong marketing. If it get accepted and used my large number of crypto guys that success is for sure.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
NUFCrichard
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


View Profile
May 16, 2016, 05:08:18 PM
 #47

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.
Assuming you mean overall value of all the coins.
1) no, look at Doge
2) no, many are unlimited
3) inflation is important yes, but PoS coins aren'r really effected
4) yes but they are almost all very low
5) yes
6) yes
7) unfortunately yes.

I would add that speculation is probably worth much more than almost any of your points.  Bitcoin is the only coin that has a real value, and that would be pretty low.  The speculative values of all others are what decide the prices, thus why they fluctuate
yayayo
Legendary
*
Offline Offline

Activity: 1806
Merit: 1024



View Profile
May 16, 2016, 05:50:39 PM
 #48

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

1) most likely not relevant
2) most likely not relevant
3) only relevant in extreme cases (on the negative side: excessive inflation; artificial scarcity alone on the other hand is no guarantee of value, if there is no demand for the coin)
4) very important factor
5) very important factor
6) only relevant in extreme cases (very insecure or very secure (esp. in regard to privacy) or really new innovation)
7) very important factor

It mostly boils down to acceptance and usage of a currency, which trigger demand. If there are no users, then the best concept is worth nothing. Bitcoin reaped the benefits of being a first mover. Being the currency with the biggest user base in the first place establishes a network effect, which will continuously draw in more users and development talent.

Altcoins mostly compete against each other. In this setting, very good marketing is important to establish a significant user base.

ya.ya.yo!

.
..1xBit.com   Super Six..
▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████  ▀██
██████████▌   ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
.
Premier League
LaLiga
Serie A
.
Bundesliga
Ligue 1
Primeira Liga
.
..TAKE PART..
Hirose UK
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Leading Crypto Sports Betting & Casino Platform


View Profile WWW
May 17, 2016, 07:21:52 AM
 #49

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

I think the factors are :
4) how many people/businesses accept it as a form of payment
5) total number of users

if there are many business and custumers use bitcoin, it will worth more

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
davis196
Hero Member
*****
Offline Offline

Activity: 3010
Merit: 918



View Profile
May 17, 2016, 10:08:20 AM
 #50

The most important factor is the demand of that currency.

It creates all the other factors.Liquidity,acceptance etc...

If there is an increase in demand.There will be increase in price.

Cryddit
Legendary
*
Offline Offline

Activity: 924
Merit: 1129


View Profile
May 17, 2016, 05:13:00 PM
 #51

1)  Knowing that the team behind it are not a pack of scammers.  Too many new cryptocurrencies are started by the same people who ripped off the investors in previous cryptocurrencies - and predictably they rip people off again.  Anonymous people who cannot be sued or prosecuted are not to be trusted in an environment rife with scammers.

2)  The team behind it being competent and having a good mix of skills.  A software developer by herself is not enough, unless the cryptocurrency is mostly a technical experiment (ie, not intended to become valuable); you also need someone who promotes its use as a currency (not as just a speculative vehicle) and operates a legitimate marketplace that accepts it as a currency, and someone who manages relations with a community of users probably via a website forum.  You might even need some poor sod who has to social-media, although I wouldn't wish that on my worst enemy.

3)  It has to do something Bitcoin doesn't or can't do.  Otherwise people will just use Bitcoin.

4) If it's structured in such a way that the early miners have a disproportionate advantage (set up for minting more than half the coins that will ever exist in the first year, for example) it's probably unstable and will quickly collapse.  This is *ESPECIALLY* true if the development team sets things up so that after the first few months they've got their coins and some exchange accepts them - in that case they can just dump their coins; they have no further reason to stick around.

5) A coin should not be on an exchange unless the exchange would be losing profit by failing to trade in it.  An exchange makes it too easy to do a pump&dump.  If someone has to pay an exchange to put up a market in their coins, it can only be because their coins are not worth exchanging. 
speaktome
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250



View Profile
May 17, 2016, 05:23:54 PM
 #52

6-5-2-1-3-7-4  in that order.

             ▄██████████▄
           ▄██████████████▄
          █████▀      ▀█████
         ████▀          ▀████
         ▀▀▀   ▄██████▄   ███▌
     ▄▄████   ▐████████▌  ████  ▄▄
   ▄████████   ▀██████▀   ███▌ ████▄
  █████▀▀▀▀▀      ▐█▌     ▀▀▀  ▀█████
 ████▀          ▄█████▄          ▀████
████   ▄█████▄▄█▀     ▀█▄▄█████▄   ███▌
███▌  ▐███████▌   ███   ▐███████▌  ▐██▌
████   ▀█████▀    ▀███   ▀█████▀   ███▌
 ████▄         ▄█▄ ▀███▄         ▄████
  ▀████▄▄▄▄▄▄▄███▀   ▀███▄▄▄▄▄▄▄████▀
    ▀▀████████▀▀       ▀▀████████▀▀
BitCloud  BTDX
A new type of decentralized currency
.
Most  Profitable  Masternode Coin
▬▬▬    • Wallet  • Details  • Exchanges  •Masternode    ▬▬▬
.
.
ANN  Blockexplorer  MN Calculator  ▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬    Twitter  Github  Slack

Sirius receive address:SQusssg3DRrKrEHW26c2skEDYCG7vrj11z
mrhelpful
Legendary
*
Offline Offline

Activity: 1456
Merit: 1002



View Profile
May 17, 2016, 06:24:14 PM
 #53

Probably pretty much all in that order.

But the Dev team should be a priority then the overwhemling needed demand for its purpose.

Which would be the "user basis", but if its something forced to be needed like just-dice to gamble that user basis is already set in play.
bestluck
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
May 17, 2016, 07:12:00 PM
 #54

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.
The adoption of people have a more obvious effect on the growth of any coin, especially when after adoption they start to buy more coins and continue their demand.
and for crypto currency it is also beneficial that people do not convert them to any other currency but use that coin to buy online/offline stuff etc
zimmah
Legendary
*
Offline Offline

Activity: 1106
Merit: 1005



View Profile
May 17, 2016, 07:44:10 PM
 #55

the network effect and liquidity are important factors

the more users use it, the stronger the coin is, naturally, and this is one of the most important factors to the success of a coin.
countryfree
Legendary
*
Offline Offline

Activity: 3052
Merit: 1047

Your country may be your worst enemy


View Profile
May 17, 2016, 09:41:39 PM
 #56

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

I'm not a nerd. I don't like maths. How about features? How about perspectives?
Ethereum may one day surpass BTC because there's a full economic system growing alongside. Numbers are not much interesting, it's what behind that make a cryptocurrency successful or not.

I used to be a citizen and a taxpayer. Those days are long gone.
CrimBit
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500



View Profile
May 18, 2016, 01:39:30 AM
 #57

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.

in fact the main developer of bitcoin satoshi nakamoto left bitcoin Roll Eyes
and bitcoin still survive .

i think the strongest comunity and technology adoption or market is the first rules.
jeffthebaker
Legendary
*
Offline Offline

Activity: 1526
Merit: 1034


View Profile
May 18, 2016, 01:45:56 AM
 #58

Honestly, the only major factors that will make/break a coin is real world usage and distribution. Any coin that is distributed fairly and has actual uses will see a solid foundation and an actual marketcap. Of course, there are many coins that lack this but still hold relative value due to community support and speculative appreciation (looking at the memecoins right now). However, the ones that don't have any real use outside of trading rarely take off and sustain value. They either never pick up steam or they are a flavor of the month coin and fall out of favor pretty quickly.
HeroCat
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
May 18, 2016, 07:13:37 AM
 #59

The main points are as follows: 1) technical aspects of the crypto transfer, protocol etc. 2) total number of users, 3) how many Web sites accept it as a form of payment, 4) number of exchanges that allow conversion.  Wink
davinchi
Legendary
*
Offline Offline

Activity: 2100
Merit: 1058


View Profile
May 18, 2016, 07:48:58 PM
 #60

I'm not a coin dev nor a crypto expert so I don't really know what the factors are. But from what I see, the things that matter are the supply, uptime, integration and adoption.

If there the supply goes over the demand, the value drops dramatically so there should be a perfect balance between them.

Uptime, I see a lot of cryptocoins are dying because the devs aren't doing anything with it, or at least ANN too.

Integration and adoption: A coin's value will go higher if it has real world usage.
Pages: « 1 2 [3] 4 5 6 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!