CryptopreneurBrainboss (OP)
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eXch.cx - Automatic crypto Swap Exchange.
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October 12, 2019, 03:08:52 PM |
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The Altcoin industry has made the timeframe for ROI so short that everyone now sees it as a quick money making industry or scheme which shouldn't be the case. If you have read the history of bitcoin you would understand it took bitcoin quite sometime to start yielding profits and it too it almost 10 years to record its massive success in regards to price value but yet enthusiast didn't loss hope in the technology and that's what happens when you invest because of the technology and not just for the price gain of the project.
If you're just chasing the price gain when investing in an altcoins you would definitely ended up regretting your investment choice. If our focus were channelled more towards investing in the technology behind a project then scammers wouldn't have had recorded huge success when trying to scam us but since we're more concerned about the price value we easily become preys as the scammers profit from our greediness.
Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.
Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
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Ailmand
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October 12, 2019, 04:19:56 PM |
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This is how investors' mind set when investing in a project, however, the problem is mojority of investors in crypto is not really into the technological part of it, but in the financial opportunity that it brings. We cannot blame people since each has their own reasons for supporting and leaving a project. In time, I believe investors will be wiser when choosing which project will they support as time goes by people will learn how important cryptocurrency as part of our system and daily life.
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ecnalubma
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www.Artemis.co
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October 12, 2019, 04:40:14 PM Last edit: October 12, 2019, 05:24:36 PM by ecnalubma |
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Technology shouldn’t be set aside. Lets face it a lot of investors are only after the profit they are missing the real value of technology. It’s important today that we should stop investing in trash rather choose projects with use and with real value.
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Pearls Before Swine
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October 12, 2019, 05:15:00 PM |
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The Altcoin industry has made the timeframe for ROI so short that everyone now sees it as a quick money making industry or scheme which shouldn't be the case.
Here is the thing with 'stuff' that has the potential to gain in value very quickly: when it happens, when something like an altcoin rockets in value, people who might otherwise have zero interest in them take notice and they want in. In other words, that quick ROI draws in speculators like crazy and this has always been the case in the stock market, with comic books, baseball cards, postage stamps (when those were the hot item), you name it. Therefore it is not a reasonable expectation that the average altcoin trader will, or even *should*, have an appreciation of what the underlying technology is all about. In an ideal world everyone who owned a bunch of altcoins would be passionate about blockchain technology and see the beneficial possibilities, but we don't live in such a world. Most traders and, I would assert, most members of this forum only care about what the price is doing for any given altcoin. This is why technical analysis is so big here. I don't see this as a horrible thing necessarily. Traders provide liquidity to markets and also can boost prices. Live and let live, eh?
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mersal
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October 12, 2019, 05:25:37 PM |
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Project developers understand crypto investor's hungry to make profits so they are attracting investors by giving lot of discounts but at the end those high discounts makes the project to lose its value even if the team trying hard to bring the real output.So investors stop needs to be greedy,if they are going to invest on a new project then invest only in long term then only the project can reach real success.
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boltz
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October 12, 2019, 05:44:42 PM |
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If most of the investors would think like this we would have nicer communities willing to wait good tech that drives the prices instead of a pump to increase price without having any tech to sustain it. The problem is that a lot of coins have this problem where they prefer to have a price increase instead of focusing on tech. Lets take INSOLAR per example , rank 1 on github for over 12 months which proves they have a solid team but when we look at the price its still stable around 30 cents because the priority of the project is the tech and then the price.
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nikki4
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October 12, 2019, 06:10:55 PM |
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The Altcoin industry has made the timeframe for ROI so short that everyone now sees it as a quick money making industry or scheme which shouldn't be the case. If you have read the history of bitcoin you would understand it took bitcoin quite sometime to start yielding profits and it too it almost 10 years to record its massive success in regards to price value but yet enthusiast didn't loss hope in the technology and that's what happens when you invest because of the technology and not just for the price gain of the project.
If you're just chasing the price gain when investing in an altcoins you would definitely ended up regretting your investment choice. If our focus were channelled more towards investing in the technology behind a project then scammers wouldn't have had recorded huge success when trying to scam us but since we're more concerned about the price value we easily become preys as the scammers profit from our greediness.
Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.
Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
We don't think about technology even we are getting fool. Even if we invest in good IEO like Harmony, we will sell our coin with few profits. Harmony is ready to launch msinnet phase 2.0, when after 1 year some projects can't launch mainnet. Even I did wrong check only bounty rewards allocation and funds rise in IEO.
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palle11
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October 12, 2019, 06:31:48 PM |
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I think that bounty hunters are even very much guilty on this. They are just concerned about the little profit they get instantly after minutes that the token gets to their wallet. They don't understand that a little patience for a real project would be more profitable.
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qiman
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October 12, 2019, 07:31:41 PM |
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I totally agree on this point and also what I look for is if certain companies are forging partnerships with good companies that are already existing plus also with some capital and funding behind them by think tanks and other venture capital firms. It is many factors that need to be reconciled before I make a decision to invest in anything nowadays and the days of FOMO are truly over for myself and my family now. We look at the technology now much more seriously.
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dothebeats
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October 12, 2019, 07:39:48 PM |
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Let's face it: even though most altcoins are rehashed versions of previous altcoins, there are still some interesting developments that it has made for the past years. Just for example, privacy coins, smart contracts etc. Those were not deemed as something that's necessary for cryptocurrencies but we're s till making use of them in ETH, Monero, Dark and the likes today. These exceptional coins gave rise to some useful tech that we are taking advantage today, but sadly though most people still see these as get-rich-quick vehicles due to the massive pumps and dumps these coins are being a part of due to countless rich lads who have nothing to do with their money but still wants to get more.
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lionheart78
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October 12, 2019, 08:19:07 PM |
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This is how investors' mind set when investing in a project, however, the problem is mojority of investors in crypto is not really into the technological part of it, but in the financial opportunity that it brings. We cannot blame people since each has their own reasons for supporting and leaving a project.
The problem lies on how cryptocurrency were introduced to them. Most of them don't have any idea what they are really investing and just the thought of get rich scheme due to those person who advertise the project. I have seen several people of some company and start up who hyped investors just to make them invest to the project they are promoting. They never tackle anything about the technology or whatsoever, they will just sit and have talk about dreams, financial freedom and investments and its profit. In time, I believe investors will be wiser when choosing which project will they support as time goes by people will learn how important cryptocurrency as part of our system and daily life.
I think most of the investors that were left during the Bitcoin and altcoin crash have matured and become wiser. We can see it on the price reaction at the market during an event announcement or event launch. People now are somehow immune to fud and hype.
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o48o
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Leading Crypto Sports Betting & Casino Platform
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October 12, 2019, 08:25:49 PM |
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Especially if you are a hodler/investor, the fundamentals and the tech is far more relevant then the current price action. To trader fundamentals don't apply because they can trade literally anything that is in the markets and has a pulse
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Mammothcoin
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KoinPro
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October 12, 2019, 08:31:19 PM |
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How realistic is that. Personally I am in the cryptocurrency space because of its inherent profit potential, yes the tech is great but just like any investment I expect to see returns on investing in any technology.
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bigcash2011
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October 12, 2019, 09:42:44 PM |
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You have made your point and i agree with you but do remember that every investment whether online or offline is intended for profit so even if im a fan of a prohect and fully support it but i will still be keeping an eye and bothered about its price gain as an investor, this is a basic fact that can not be denied.
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Willitivity
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October 12, 2019, 10:10:03 PM |
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Basically, a very great number of people coming into Bitcoin are here for the money and not the technology. Bitcoin is now seen as a kind of investment system and not for the technological innovation it carries. People drawn into cryptocurrencies from the huge profits they made from one ICO or the other, as well as market traders don't really care much about the technology.
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fortunecrypto
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thecryptocurrency.directory
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October 13, 2019, 12:12:27 AM |
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Gone are the days when you can create a coin and people will just jump in and developers and every investor will just make a quick buck, but that's unlikely to happen now, investors are wiser now they know that if you do not have something to offer to the community, it will turn more likely to a pump and dump coin.
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BlackFor3st
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October 13, 2019, 12:39:30 AM |
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The Altcoin industry has made the timeframe for ROI so short that everyone now sees it as a quick money making industry or scheme which shouldn't be the case. If you have read the history of bitcoin you would understand it took bitcoin quite sometime to start yielding profits and it too it almost 10 years to record its massive success in regards to price value but yet enthusiast didn't loss hope in the technology and that's what happens when you invest because of the technology and not just for the price gain of the project.
If you're just chasing the price gain when investing in an altcoins you would definitely ended up regretting your investment choice. If our focus were channelled more towards investing in the technology behind a project then scammers wouldn't have had recorded huge success when trying to scam us but since we're more concerned about the price value we easily become preys as the scammers profit from our greediness.
Next time you're interested in investing in an altcoin, consider patronizing a project based on the technology it's developing then give it time. Don't be in a rush to profit as soon as possible unless you're obviously a trader. The timeframe we assign to this projects to develop and deliver is quite small when you compared them to other sector of the investment opportunities. This could be the main reason they're failing to delivery, we're putting more pressure on them. Lets give them more time.
Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
Most of the people that were gathered here is hoping to gain some profit that they can either use in their daily needs or for their family so you cannot blame them if they are here because of ROI that they can get from investing in any coins/altcoins. Yes, you have point about how bitcoin price crawl from it's launch until now but if you are an investor losing some investment is only part of it and gaining profit is another part of it. Risk is always there and almost all of us knows that.
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Sri rahayu
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October 13, 2019, 02:35:17 AM |
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I think that bounty hunters are even very much guilty on this. They are just concerned about the little profit they get instantly after minutes that the token gets to their wallet. They don't understand that a little patience for a real project would be more profitable.
I do not understand what the fault of the bounty hunter, when they get tokens then they sell it right away? and whether the supply for bounty hunter is so large that it can bring down the project? Projects that work with tangible results do not require a short time, but at least, their team is trying to keep the project from looking like a dead project. Such attitude will make long-term investors feel comfortable, imo.
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dirgayeah
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*Indonesian Professional Translator and BM*
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October 13, 2019, 06:18:59 AM |
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I know your point. Investing in a project based on their technology it's a idealism. We can't force someone to have a mind like this. Most of them just care about the profit. And there's no guarantee from the project which you believed in their technology will survive. So back to fundamental rule, this is about idealism.
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Kvalentine
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October 13, 2019, 07:00:03 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
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