J1mb0
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October 13, 2019, 07:50:46 AM |
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I agree, the pursuit of profit only makes us plunge into waste projects and lose our money. Investing in projects with good technology and a professional development team will bring about long-term profits for everyone.
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DaMut
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October 13, 2019, 08:34:28 AM |
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I agree, the pursuit of profit only makes us plunge into waste projects and lose our money. Investing in projects with good technology and a professional development team will bring about long-term profits for everyone.
The biggest problem here is the majority of people think otherwise, because of the pursuit of a quick profit in short-term many projects struggled and even went down. I was once believed in this too but it cost me much. It is very early for us to concentrate more on technology if it is not regulated yet. I would start believing in that again after cryptocurrency gets regulated, the regulation might bring life to a great project(not because of the regulation itself but legalization that might attract common people to help it).
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ChrisPop
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Not your Keys, Not your Bitcoins
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October 13, 2019, 08:40:15 AM |
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I believe in the technology behind Bitcoin, which is blockchain. If Bitcoin would have smart contracts, no other altcoin could compete with it in terms of technology. Atm Ethereum and Stratis are my go to platforms if I want to run smart contracts or sidechains (Stratis). But seeing the steep decline in price of all altcoins in comparison with Bitcoin makes me very reticent to invest in them, while Bitcoin is a perfectly viable solution for storing value.
BUT what I would suggest is not investing in the actual altcoins, but invest in projects/applications that use their technology. I think this is the paradigm shift needed to bring mass adoption and create a healthy tokeconomy.
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tiang_tower
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October 13, 2019, 09:03:11 AM |
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Good point, i don't bother myself with present price point but i do make sure i gather good altcoins that have solid use cases for future price surge or bullruns, i won't be surprised if coins that worth ten dollars went up to 1000 dollars, present market price can make you lose good coins
The price of altcoin on the market today is still a lot of cheap and has not experienced a large price surge, including altcoin that has good technology, and for now it could indeed be a good opportunity to collect good altcoins, to seek profits in the months the coming month, but we can't guarantee the certainty.
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NathanJB
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October 13, 2019, 09:11:44 AM |
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Crypto projects should make or break depending on the technology, because they are promoting no other than their own technological product itself. However, it seems to me that projects succeed depending on the hype and marketing and not on the basis of their sound and practical product. You cannot deny it that there are certain projects that are founded on no other than the shills that created the hype. And there are also projects offering promising products but cannot seem to move forward because of the lack of promotion.
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Mighty_crypt
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October 13, 2019, 09:19:11 AM |
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Let your concentration be on projects with working products, they always have real use cases, there will be demand and better trading volume on exchanges, i decide to stop promoting projects that have no real working products to back the project up because they will fail
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shoreno
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October 13, 2019, 09:28:57 AM |
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Let your concentration be on projects with working products, they always have real use cases, there will be demand and better trading volume on exchanges, i decide to stop promoting projects that have no real working products to back the project up because they will fail
good job but sometimes its still hard to decide if you will join a useful project because those project are simillar to the existing one . i see many projects repeating or only have a light modification compare to the original established projects . in this case better if we research accurately and only choose unique and original projects . i also agree on what the op have said . price does not matter . high or low price both can change in the future .
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jazmuzika217
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October 13, 2019, 09:45:03 AM |
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You are right and have a good point. We don't need to rush. We need to focus and learn about the project and it's function. But in reality we are investing to earn and not for any reason. We can say that using crypto in payment or in other way is just a bonus and the main reason is to earn profit. Don't be sarcastic we are all here to earn and we want it on short period of time if possible.
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aioc
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October 13, 2019, 09:56:03 AM |
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Why not have both, you concentrate on finding the technology and the concept behind the coin and if you find you will always find profit in supporting this coin, it's not overnight that you are going to make a profit, it will take some time of course, but the expectation and the rewards are worth it.
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ajeef
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October 13, 2019, 10:00:27 AM |
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Very few crypto investors are concerned about the technology, they will become so panic if their investment value drops a moment after they invest the money. Most of crypto investors are wanting a quick profit and not supporting project they've joined
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o48o
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Leading Crypto Sports Betting & Casino Platform
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October 13, 2019, 10:26:36 AM |
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I believe in the technology behind Bitcoin, which is blockchain. If Bitcoin would have smart contracts, no other altcoin could compete with it in terms of technology. Atm Ethereum and Stratis are my go to platforms if I want to run smart contracts or sidechains (Stratis). But seeing the steep decline in price of all altcoins in comparison with Bitcoin makes me very reticent to invest in them, while Bitcoin is a perfectly viable solution for storing value.
BUT what I would suggest is not investing in the actual altcoins, but invest in projects/applications that use their technology. I think this is the paradigm shift needed to bring mass adoption and create a healthy tokeconomy.
Asking about that bold text: I honestly don't understand what you are saying. Why not to invest in the altcoin that is probably used in fees on any project using it? Can you give me an example? Do you mean i shouldn't invest in eth because i could invest in some dapp running on it?
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andika2018
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October 13, 2019, 11:46:51 AM |
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Very few crypto investors are concerned about the technology, they will become so panic if their investment value drops a moment after they invest the money. Most of crypto investors are wanting a quick profit and not supporting project they've joined
Investors will prefer coins or tokens which according to him will provide technology. I agree that investors sometimes don't really understand the technology used or understand the blockchain, because for investors, price increases are the main thing
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febriyana
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Febriyana Muhammad
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October 13, 2019, 12:29:45 PM |
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Yes thats right. The problem majority people is want get rich quick, so they think buy coin at launching time then sell when listed on the market. Then get rich, is like make market be worst. Personally, i do both, i invest in some project where i think will good in the future. If project i think not going forward, i will sell that token, because i only want active project. Maybe developer must give atleast dividend system, so investor will keep interested about project.
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Aabcde
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October 13, 2019, 01:36:20 PM |
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Most investors put their money in profitable projects quickly. I don't think this is a problem they don't believe in the technology but we don't know the back of it all. Maybe he is investing using money that he must later use for children's expenses, bills, taxes and others. So it would not hurt them to do that. And if indeed the predicted technology is proven to be good and useful, investors will also glance at it again. Both are no problem, just different needs and opportunities for each person.
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NathanJB
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October 13, 2019, 02:30:10 PM |
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Most investors put their money in profitable projects quickly. I don't think this is a problem they don't believe in the technology but we don't know the back of it all. Maybe he is investing using money that he must later use for children's expenses, bills, taxes and others. So it would not hurt them to do that. And if indeed the predicted technology is proven to be good and useful, investors will also glance at it again. Both are no problem, just different needs and opportunities for each person.
There are probably a lot of investors who do not think much on the value or real-life contributions of what they are investing into. For as long as there is an ROI waiting for them, they would give it a go. There are even investors in my country who are willingly investing into scams for as long as they will get paid for it. Some are investing into ponzi and happy with their ROI even if in the long run it will make people lose money. They simply don't care at all. Just like some campaign participants here. They don't care at all if what they are promoting are shit projects or scams for as long as they are get paid for it.
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taufik123
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airbet.io
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October 13, 2019, 02:35:32 PM |
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But new investors who have just jumped into the cryptocurrency world are only pursuing short profits just by investing in one project. Investment patterns like this that will be easily controlled by scammers who will give a lot of discounts if and promises of lucrative profits. It must be very selective in choosing a good project, as you said, investing for reasons of good and useful technology in the future will help developers develop good projects. We must be smarter than scammers and not be tempted by the bullshit given.
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magneto
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October 14, 2019, 03:52:38 AM |
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Sounds good on paper but honestly, technology is not what speculators look for.
Speculators look for potential value, which doesn't necessarily mean that something has the best technology. Rather, it means that they are looking for hype, looking for reasons that a project should be hyped - which can be contributed to via the underlying technology, but isn't always.
That's just a pragmatic way of thinking about altcoin markets, or even equity markets in general. Your way is purely ideological, unfortunately.
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Periodik
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October 14, 2019, 04:05:35 AM |
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Sounds good on paper but honestly, technology is not what speculators look for.
Speculators look for potential value, which doesn't necessarily mean that something has the best technology. Rather, it means that they are looking for hype, looking for reasons that a project should be hyped - which can be contributed to via the underlying technology, but isn't always.
That's just a pragmatic way of thinking about altcoin markets, or even equity markets in general. Your way is purely ideological, unfortunately.
The OP is thinking of the ideal way of doing things. That would be the perfect way. It is however unfortunate that in the real world, there is practicality instead of ideal and perfect. The ideal and perfect are both concepts at best that are not really existing in the real world. If an altcoin is gaining strong momentum out of a very aggressive hype, that is enough for investors to get into it. There is a potential profit out of it because the rest of the crypto community are only exposed to hype instead of fundamentals.
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efxtrader
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GoMeat - Digitalizing Meat Stores - ICO
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October 14, 2019, 05:20:21 AM |
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Sounds good on paper but honestly, technology is not what speculators look for.
Speculators look for potential value, which doesn't necessarily mean that something has the best technology. Rather, it means that they are looking for hype, looking for reasons that a project should be hyped - which can be contributed to via the underlying technology, but isn't always.
That's just a pragmatic way of thinking about altcoin markets, or even equity markets in general. Your way is purely ideological, unfortunately.
The OP is thinking of the ideal way of doing things. That would be the perfect way. It is however unfortunate that in the real world, there is practicality instead of ideal and perfect. The ideal and perfect are both concepts at best that are not really existing in the real world. If an altcoin is gaining strong momentum out of a very aggressive hype, that is enough for investors to get into it. There is a potential profit out of it because the rest of the crypto community are only exposed to hype instead of fundamentals. Agree, there is a difference between the ideal and the thing that happens in the cryptocurrency market. Investors sometimes do not see technology as a major factor in investing in the cryptocurrency market because technology continues to grow. Many investors are more practical in deciding investments because in the end, every investment must be profitable
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senin
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October 14, 2019, 05:20:32 AM |
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Totally agree with you. Therefore, do not indiscriminately call almost all of the current altcoins useless. They just had little time to show themselves. It should be borne in mind that each successful token must have a real business, which for some time can develop and set up without the participation of tokens themselves, especially during such a protracted period of altcoins price drop, as it is now. Therefore, indeed, the price of altcoins should not be decisive in the concept of project success. First of all, the practical usefulness of the project is important, what technological and other amenities it provides to people. The price of the token will inevitably increase after increasing demand for it, even if it happens after a certain amount of time.
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