Factors That Make One Cryptocurrency Worth More Than Another

[Barbarian]

And what makes gold more valuable than silver? There are always some rules what makes something worth but on case of cryptocurrencies these are value, reliability, market, acceptance, trustworthy and possibilities to use it and make money on it.

In the past gold was not always more valuable than silver and that had to do simply with supply, gold was many times rarer than silver and most of the time that was the amount of times gold was more valuable than silver, but in some parts of the world were gold was more common and silver was rarer there was a parity between the metals.

[1715152496]

1715152496

[iamTom123]

strength of dev team (very important)

For smaller alts this is the main one in my opinion.

A strong team that is capable to transform their vision into reality can be so critical. Of course, we have to consider all other factors but if you've got a good idea and already have infrastructure in place but you have a problem with the team then everything would just collapse. This can be the reason why so many alts died and there can be more on the way to the morgue to be cremated soon. The developers team should be providing the needed leadership and they must be active in the community they created. I have seen one coin which was dismissed as just another scam but because of a good team they are now flying into the sky. Coupled with a solid community, the dev team would be providing the glue that knits the whole project together. Unfortunately, there are many coins seems to be hiding their dev team...these must be the shadowy type of new cryptocurrency that can easily transform themselves into scams.

[PizzaBTC]

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 demand for one currency over the other makes the currency more valued than the other, also the scarcity of the currency brings the price up and also the amount of people who are marketing the currency and making more people buy into it matters too

[Barbarian]

You forgot one of the most important ones, the developers, if they are willing to show their faces and true identities and put their reputation at risk then it is more likely they are going to try to make the project a success than if the devs are people that no one knows.

This part was not there at the beginning after all Satoshi didn't have to show himself to make bitcoin a success but because of the way people who lack morals have infested the whole crypto-space, its not only now that its required but its the key and not only for the developers but equally for the entire team but that is still not the only overriding factor because they may show their face and still scam.  The success is a workable project and a sincere team and that's a key feature of a successful project.

In a perfect world that would not be needed and we could trust in the developers of the coin without knowing who they are but with so many scams around the forum then the only solution is to know the developers and make a research on them, obviously satoshi was an exception to all of this.

Knowing the developers obviously helps build confidence in the coin. But sometimes, the idea speaks for itself. Moreover, there are governments which might not take too kindly to developers who advocate currency with anonymous features. So the developers may choose to stay anonymous / pseudonymous.

Then at least we can say that knowing the identity of the developers depend on the project, for projects focusing in anonymity it makes sens the developer remain anonymous but for the rest of the projects it is better if the developers are known so we can hold them accountable.

[doomloop]

You forgot one of the most important ones, the developers, if they are willing to show their faces and true identities and put their reputation at risk then it is more likely they are going to try to make the project a success than if the devs are people that no one knows.

This part was not there at the beginning after all Satoshi didn't have to show himself to make bitcoin a success but because of the way people who lack morals have infested the whole crypto-space, its not only now that its required but its the key and not only for the developers but equally for the entire team but that is still not the only overriding factor because they may show their face and still scam.  The success is a workable project and a sincere team and that's a key feature of a successful project.

In a perfect world that would not be needed and we could trust in the developers of the coin without knowing who they are but with so many scams around the forum then the only solution is to know the developers and make a research on them, obviously satoshi was an exception to all of this.

Knowing the developers obviously helps build confidence in the coin. But sometimes, the idea speaks for itself. Moreover, there are governments which might not take too kindly to developers who advocate currency with anonymous features. So the developers may choose to stay anonymous / pseudonymous.

Then at least we can say that knowing the identity of the developers depend on the project, for projects focusing in anonymity it makes sens the developer remain anonymous but for the rest of the projects it is better if the developers are known so we can hold them accountable.

Haha! They go anonymous so that we can’t have their accountability, do you really think developers are going to expose themselves no matter how bad or good their coin is? I personally don’t think we should be concerned with the identity of developers. Our major concern is the success of project, that’s it.

[South Park]

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.

All of those are important, but I think the developers of the coin are very important if they cannot perform their job then the coin has no future, innovation is critical since we do not want a bunch of coins that are nothing but a copy of another and finally that the coin is useful, if the coin has not really a purpose then everything is going to fail at the end.

[darkangel11]

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.

All of those are important, but I think the developers of the coin are very important if they cannot perform their job then the coin has no future, innovation is critical since we do not want a bunch of coins that are nothing but a copy of another and finally that the coin is useful, if the coin has not really a purpose then everything is going to fail at the end.

Not really.
Some are almost totally irrelevant. For instance, the amount of exchanges does matter only to a point when exchanging is easy and available in every country. Above that point end user doesn't care if there are 10 or 20 different sites with the same purpose that accept his currency and speak his language.
Growth rate also doesn't make a currency worth more. It makes it achieve a target price faster, but we don't know what the final target price will be. This means that one coin can gain $100 in a month, but finish at $200 after a year and never get beyond that, while another slower currency can gain $20 a month and keep going for 2 years.

[EdenHazard]

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 demand for one currency over the other makes the currency more valued than the other, also the scarcity of the currency brings the price up and also the amount of people who are marketing the currency and making more people buy into it matters too

a flashed high demand sometimes are about short pumping time only .

for long term you won't see it in the best value and even worth nothing later. . but with stable number of coin user , a lot of merchants and satisfying network that allows you to execute certain transaction with low fee and fast arrived , of course should be considered why.

[TheGreatPython]

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.

There are not really much factors all that matters is just the demand and the supply of the currency, if the currency gets a lot of demand and its limited in supply then the price is going to go up, but if the currency isn’t being demanded for, then there might be no change in price, it might even start decreasing

[Barbarian]

You forgot one of the most important ones, the developers, if they are willing to show their faces and true identities and put their reputation at risk then it is more likely they are going to try to make the project a success than if the devs are people that no one knows.

This part was not there at the beginning after all Satoshi didn't have to show himself to make bitcoin a success but because of the way people who lack morals have infested the whole crypto-space, its not only now that its required but its the key and not only for the developers but equally for the entire team but that is still not the only overriding factor because they may show their face and still scam.  The success is a workable project and a sincere team and that's a key feature of a successful project.

In a perfect world that would not be needed and we could trust in the developers of the coin without knowing who they are but with so many scams around the forum then the only solution is to know the developers and make a research on them, obviously satoshi was an exception to all of this.

Knowing the developers obviously helps build confidence in the coin. But sometimes, the idea speaks for itself. Moreover, there are governments which might not take too kindly to developers who advocate currency with anonymous features. So the developers may choose to stay anonymous / pseudonymous.

Then at least we can say that knowing the identity of the developers depend on the project, for projects focusing in anonymity it makes sens the developer remain anonymous but for the rest of the projects it is better if the developers are known so we can hold them accountable.

Haha! They go anonymous so that we can’t have their accountability, do you really think developers are going to expose themselves no matter how bad or good their coin is? I personally don’t think we should be concerned with the identity of developers. Our major concern is the success of project, that’s it.

But if you do not know who they are then how are you going to hold them accountable? What if they created shitcoin after a shitcoin nonstop? If you know who they are then at least the next time they try to pull one o us we will know they are not going to successfully complete the project.

[feelideb]

Maximalist Ideology, Hoarding!

[darthmaul]

The initial project success is what makes the coin better than the another one. There is also team behind the success of every project and ultimate the coin related to that ICO. People forget about the coin and its original evolution that's the project or entity for which it was made. If we stay in touch with them after ICO finished and keep track of the activity then you can know why they are successful over others.

[Nathland]

The most important factor which makes a coin better than other coin is the ACCEPTANCE and popularity of the coin. The more popular the coin, more the number of people willing to accept the coin and better the coin is considered.

[aoihs00]

All your reasons are true and top of that it's not the maximum number of coins but it's limited number of coins. The limited coins bring more supply demand and which in turn makes people invest more money for single coins. That means the value increase as the demand for specific coin increases. This is why if you see any whitpaper of the ICO then you will read as " no emission will be there" which depicts the limited quantity of the coin. So that's most important economic standpoint in this regards.

[Bitcotalk]

All your reasons are true and top of that it's not the maximum number of coins but it's limited number of coins. The limited coins bring more supply demand and which in turn makes people invest more money for single coins. That means the value increase as the demand for specific coin increases. This is why if you see any whitpaper of the ICO then you will read as " no emission will be there" which depicts the limited quantity of the coin. So that's most important economic standpoint in this regards.

You have discussed the very important point. Limited supply of the any coin makes it rare commodity which means that people will be attracted towards it. These are market tricks to attract customers. Like bitcoins have very limited supply and we all are trying hard to own bitcoins because they are now raising high in value and we don’t want to miss on this opportunity of becoming rich.    

[Mbah Djoko]

The strength of the community becomes very important, we all know that the bitcoin community is very strong amongst others so bitcoin is at the forefront. but I'm sure someday there will be better cryptocurrency than bitcoin.

[Hamstead]

The strength of the community becomes very important, we all know that the bitcoin community is very strong amongst others so bitcoin is at the forefront. but I'm sure someday there will be better cryptocurrency than bitcoin.

Totally it depend on the acceptance of the community, of what they are preferred to invest or used. A lot of altcoins exist nowadays, is just a competition among others the one who have a great value, the one will survive and be on top. But we can't predict which one of them because every time there's always a change in price at the market.

[zergenyt09]

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.

Since there are factors that the determine the value of cryptos in the market, the major and the most important ones are the laws of demand and supply of a commodity, but in this case it is that of the currency. The more the currency is in supply and the lesser the demand the lesser the value

[Carlsen]

I think the public notification is a big factor as well.
Bitcoin is known to many people right now. A lot of people only think about bitcoin when they hear of crypto currencies.
The 'B' on a coin, that has become a symbol for bitcoin which is recogniced by people.
All together, I think bitcoin has become a real brand.
Marketing is very important when it comes to the value of a brand. And bitcoin has the leading role there.

[fiomcorka]

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.

There is nothing that makes any crypto currency higher than the other if not for the principle of demand and supply of money or any valuable when the demand for one crypto is higher than that of the other then surely the price for the more demanded one is going to increase