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Author Topic: Concentrate more on the technology and give less attention to price value.  (Read 621 times)
Arsenyo
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October 14, 2019, 08:30:15 AM
 #41

Totally agree. Investing in technology is much more important than making a quick profit. Bitcoin is now seen as just a kind of investment, a tool to make huge profit. Market traders absolutely don't care about the technology behind it. They even don't care what is project about, what technology does it have, what impact will it have on crypto world or our world in general. Just profit.

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October 14, 2019, 08:50:19 AM
 #42

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.

Lets invest more in achievable technology that can add more credibility to the cryptocurrency industry and not just chase price gain.
How i wish a larger portion of this community can hear, listen and abide by this simple truth. Blockchain startups have now become a quick money gaining scheme where team members of project mostly abscond with the funds of the ICO or investors not being able to hold their balls till the project grows. As soon as ICO, IEO finishes almost everybody starts to scream on top of their lungs for Exchange listings lol. I invested into this project Destream and i know it's going to turn out big someday.
Price is very low at the moment, maybe y'all can go for such a gem as that one.

Crypto Enthusiast supporting innovative ideas for the Liberalization of the world from the Centralized Institutions.
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October 14, 2019, 09:04:21 AM
 #43

Totally agree. Investing in technology is much more important than making a quick profit. Bitcoin is now seen as just a kind of investment, a tool to make huge profit. Market traders absolutely don't care about the technology behind it. They even don't care what is project about, what technology does it have, what impact will it have on crypto world or our world in general. Just profit.


but unfortunately there are still investors who invest without knowing the technology that will be developed by the project, because in my opinion the technology developed in a project must be superior, unfortunately there are some investors who only invest for profit without regard to the technology
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October 14, 2019, 09:32:30 AM
 #44

Many people depends on crypto for gains and profits and since many things have change since last bullrun they find it hard to leave crypto space hoping that someday the good old days will return, now the best solution is to aim for better projects that have new features you can't find in old projects, this kinda projects will survive in the future certainly

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October 14, 2019, 09:49:07 AM
 #45

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.
Things like this happen a lot in various countries. Because fraud is always there if there is an opportunity with the lure of big profits. The OP's concern is not to think about value or what we can call price as speculation material. As long as the technology of the coin can continue to develop, the future of the coin is certainly bright. But on the other hand, not everyone thinks that someone wants to profit quickly like the case you explained. Everything returned to their respective choices and can not be forced.



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October 14, 2019, 10:03:44 AM
 #46

Many people depends on crypto for gains and profits and since many things have change since last bullrun they find it hard to leave crypto space hoping that someday the good old days will return, now the best solution is to aim for better projects that have new features you can't find in old projects, this kinda projects will survive in the future certainly
the technology is already there you will not care only in the price if you are rich and dont use crypto daily since there more people using it than storing many will also be affected in price movement.
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October 14, 2019, 10:37:29 AM
 #47

snip~

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.
~~~
You are right. I once lost more than 90% capital in mid-2017, I admit that my mistake was not careful enough in analyzing the project behind the fundraising. At that time I was affected by hype, after all this time there was no development of the product, the roadmap was meaningless, the longer the coin was worthless, I was tired of waiting, finally choosing to leave.
I am determined not to join ICO anymore and focus more on trading.
Totally agree. Investing in technology is much more important than making a quick profit. Bitcoin is now seen as just a kind of investment, a tool to make huge profits. Market traders absolutely don't care about the technology behind it. They even don't care what is project about, what technology does it have, what impact will it have on crypto world or our world in general. Just profit.
We also cannot force it. Everyone has their own goals and concerns. For me, as long as it becomes a passion and knows the right strategy, and understands the risks, it is not a problem, as long as it can profit. Investors and market traders, of course, have different views, want instant profits, hit and run, or be patient and wait for a surprise bounce in the future. what we need to do is try our best, do the maximum analysis in accordance with the niche that we are interested in.

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October 14, 2019, 10:43:17 AM
 #48

For sure technology is very important and without this technology there would be no value at all. But at the end, the only thing that bothers investors are the outcomes from their investment, and if team members are unable to provide it, the price will drop.

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October 14, 2019, 12:57:31 PM
 #49

That is the main reason for the decline in crypto prices. Most people only focus on profits and in a short time, they forget the main purpose of investing because the project has hope in the future, and not just for short profits.
but this is very difficult to avoid because the trends in crypto are like that. Most people only buy and sell, although not all of them.
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October 14, 2019, 04:32:03 PM
Merited by CryptopreneurBrainboss (1)
 #50

This you said here should actually be the right approach for any investors, but we all look at the price than the way we look at the technology, but when looking at the technology, we have to make sure that the technology we are looking at is also the one we understand more and also believe that it is very useful to people in the future.

There are two categories of investors now, the ones that would buy during ICO, and the one that will buy after ICO, the one buying during ICO may even find it difficult to really judge by the technology since it has not been released for them to test it except based on the whitepaper that they have, but for those who buys after they have entered an exchange, I think they have no excuse to actually not go with technology instead.
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December 02, 2019, 06:04:28 AM
 #51

OP point makes lotta sense, investors nowadays are the ones rushing project teams to do this and that for price gains, they expected things to be that easy which is impossible, the fact is not everyone is fit to be a crypto investors because most people want quick gains

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December 02, 2019, 08:22:40 AM
 #52

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.

Couldn't agree more. People forget about the roadmap and focus on those $, while at the end of the day its all connected to eachother. good technology + good vision = great results.
A lot of talk about alts are dead, alts are over. never understood that. If there is a new project with good technology it could be the next big thing.
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December 23, 2019, 11:35:04 AM
 #53

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.

Many investors really just do it for the potential income regardless what is the nature of the project nor they believe that the crypto will be useful in building up the industry of all cryptocurrencies. There were some projects before that have a good objectives in helping shape the society with the help of blockchain technology but very few of them survive until now. In the future, I do hope that there would be such projects that will succeed in pursuing the revolution through blockchain for the betterment of the society.

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December 23, 2019, 11:57:03 AM
 #54

But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.  Roll Eyes


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Hallmader
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December 23, 2019, 12:01:36 PM
 #55

But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.  Roll Eyes


Why compare to the ATH? If you compare the coins to their ATH prices then you will see that they are all losing so much value. Even Bitcoin and Ethereum are losing big value if you are going to base your perspective from their ATH. This is not about technology anymore. The crypto market is really overbought the last time.

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posi
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December 23, 2019, 12:16:31 PM
 #56

But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.  Roll Eyes

The thread was to focus on the technology but to answer your question. Although, all crypto in the market dump at least 75% price of there previous ATH price but there some certain thing (miners and community support level not system upgrading, partnership etc) ones needs to consider before choosing coin which i believe was the reason why IOTA was among the coin that dump 96%.
IOTA is Internet of Things project which was built on zero fees, scalability, almost instant transactions etc. So you can't expect such project to yield good return for investors cause it somehow like a voluntary project.

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December 23, 2019, 12:31:27 PM
 #57

It is a good idea to concentrate on technology and its future achievements instead of focusing only on its price at the moment. But price plays a significant role when it comes to the importance of coins for investors. In general, investors look to current price and act accordingly while investing. So price is also important. 
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December 23, 2019, 12:32:13 PM
 #58

But could someone explain why for example IOTA lost 95% of its value? IOTA keeps developing, making partnerships, technologically elsewhere than at all time high price. Similiar happened to all altcoins. 95% loss is not normal correction on classic markets, so it makes you think about the price and not only about the technologies. If you buy now IOTA for 100USD, you will get 3000USD when it reach ATH price again, that also looks pretty impossible.  Roll Eyes

IOTA still has a ROI of 9000%, you can try to check it on Coinmartecap. Indeed, if viewed from the price at ATH yesterday, IOTA has gone too far, but IOTA still has great potential to repeat it again, if you believe in the technology, also prices will follow.

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December 23, 2019, 12:53:28 PM
 #59

OP makes a very good 👍point, people this days cares more about how much they can make instantly, they don't like waiting around for too long, I am more into what a project have in disposal, if good enough they can turn big in future, I care about the future than now

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December 23, 2019, 01:03:23 PM
 #60

yup right, but many in this forum misunderstand about altcoin they don't care about developments just thinking about prices, if prices fall they say it's a scam. whereas if you look at crypto technology is very good for a faster and safer industrial development. I in this forum remain loyal to support the existence of bitcoin or altcoin not because of value.
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