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Author Topic: The problem  (Read 192 times)
Smartvirus (OP)
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January 10, 2021, 07:47:52 AM
 #1

                                                                     The problem with Altcoins

Cryptocurency has been a growing field since the emergence of Bitcoin and as such a lot of alternate cryptocurencies have been and are still trying to emerge and be generally accepted and valued as bitcoin. Thousands of projects have been known to come up, conduct it's ICO or IEO but yet only to fail along the line as the coin or token later turns out to be sh*t coins or it's equivalent. This is what makes altcoins investment a daring field for many investors and as such, you just might require a lot of experience to be an investor in altcoins.

Possible problem/solution
Identifying a problem is the best way to confer solution to that problem although, this might not be the only problem there is but, it's just a thought that bugged me of recent and I'll very much like to hear what you guys have to say about it. Which is more of a menace to Altcoins as regards start up projects,

I. Is it conferring more value to a coin let's say, $1-2 during the ICO or IEO session and allow it to go from there? Or

II. Giving it a relatively low value let's say a few cents perhaps $0.01-0.05 and watch it grow from there.

Which is the best solution to Altcoins developmental projects? Having in mind that, either of the two lives investors in disarray should the projects turns out to be a failed project and falls right out of the market. It would be a much valued discussion should experienced investors speak up and then, it could aid developers of altcoins as well.
Let's discuss.

R


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January 10, 2021, 08:04:50 AM
 #2

I don't think the problem is even in the value developers gives/do not give to a project at the start, a project that's built on a standard and working use case will in the long run succeed notwithstanding what the value was at it's initial start-up, thing is there are too many projects with reincarnated use cases that are only going to fail, plus the incessant events of exit scam, scam projects, failed projects, dead coins in as quickly as it was listed, etc.

Having said that, there is more to the problem than we can imagine, that's why Investors now invest only in altcoins like Ethereum for example, cause they have succeeded in the network and have quite a growing community of investors, but AFAIK, new projects have quite a lot of work to do to succeed in the altcoin network to convince investors that they aren't either a pump and dump coin or a scam token (take a look at DeFi ecosystem, and how it quickly turned into a total scam plus so many hacks), imo, that's the bigger problem.
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January 10, 2021, 08:47:03 AM
 #3

It's not really a problem about Altcoins went to start with $1-$2 value or from $0.01-$0.05 it depends on the project wanted.

But the real problem about the new project is not have a strong goals, serious & professional team, product, real life effect etc. Most of them only copycat from other coin to attract many member with similar name, how strong the original coin, and gave crazy return by staking or beat the top 1 coin Cheesy

Before want to start a project make sure you have very difference than others, solving a problem, and not a scam coin.

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January 10, 2021, 08:48:15 AM
 #4

It's never about the value, it's never about max supply, I've seen projects with 20billion max supply that is fairly stable around 0.20$ and 0.25$, there are different strategies that teams and developers can come up with, the problem isn't even altcoins, it's con artists and dale developers fault

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January 10, 2021, 10:11:42 AM
 #5

                                                                     The problem with Altcoins

Cryptocurency has been a growing field since the emergence of Bitcoin and as such a lot of alternate cryptocurencies have been and are still trying to emerge and be generally accepted and valued as bitcoin. Thousands of projects have been known to come up, conduct it's ICO or IEO but yet only to fail along the line as the coin or token later turns out to be sh*t coins or it's equivalent. This is what makes altcoins investment a daring field for many investors and as such, you just might require a lot of experience to be an investor in altcoins.

Possible problem/solution
Identifying a problem is the best way to confer solution to that problem although, this might not be the only problem there is but, it's just a thought that bugged me of recent and I'll very much like to hear what you guys have to say about it. Which is more of a menace to Altcoins as regards start up projects,

I. Is it conferring more value to a coin let's say, $1-2 during the ICO or IEO session and allow it to go from there? Or

II. Giving it a relatively low value let's say a few cents perhaps $0.01-0.05 and watch it grow from there.

Which is the best solution to Altcoins developmental projects? Having in mind that, either of the two lives investors in disarray should the projects turns out to be a failed project and falls right out of the market. It would be a much valued discussion should experienced investors speak up and then, it could aid developers of altcoins as well.
Let's discuss.

I think it is incorrect to just calculate the value of a coin. The cost depends on the total estimated capitalization of the project and the circulation of coins in circulation. Another question is how the project is evaluated by the market? There are obvious things like finished product, hype, team fame. But there are many examples when a well-known project entered the market in the red. Maybe all this is just the usual speculation with our money?

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January 10, 2021, 10:48:20 AM
 #6

for me the real problem is not about the value of the project in the beginning,
but, the real problem is the team, they should seriously developing the project without any doubt, as i know all successful project have really serious team and developer, because they can build trust from the community

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January 10, 2021, 11:39:46 AM
 #7

I get it how the team and the concept for which a project is built on could determine how successful a project might be but, can this completely rule out the fact that, some investors use the attached value to a coin because, you can barely know who is or the team behind a start up project especially when they aren't in any partnership just yet.
So, some investors use the worth or value attached for speculations and it becomes a base for investment so, can we completely rule that out? Because, it becomes a problem when the project doesn't meet up expectations, instead it falls to the bottom and struggle to build.

R


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January 10, 2021, 04:17:57 PM
 #8

I'm not sure bulls or bulls in the market will help new projects rise.
all projects will be self-sustaining, unlike in 2017 the overall effect for all coins to go up.
can be seen from other coins that are not rising at this time.
although currently the bull run that is happening in bitcoin and also some altcoins will not really affect the progress of a project, howeyer we can see from the experience in 2017 about how a crypto project can run optimally and of course this is slightly influenced by the increase in crypto prices when That and the most important factor, of course, how to currently attracting interest and trust to grow back from investors towards crypto projects which have indeed been abandoned due to many frauds.

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January 10, 2021, 04:42:10 PM
 #9

It's better for a project to start with a price of like $0.01-$0.05 going up at least we have the initial idea that the team did not mean to be very ambitious right from the beginning that will likely turn scam.  Giving their all to make it work and grow the price through the community however is the challenging part for them so the better they could come up to solve whatever problem they wanna solve will bring the price up.

No new concept these days that isn't copied later on though. So if they could come up with something new today, in a few weeks another team will come up with a new version and could be a lot better. The previous team's effort seem to be in vain.

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January 10, 2021, 05:14:01 PM
 #10

                                                                     The problem with Altcoins

Which is the best solution to Altcoins developmental projects? Having in mind that, either of the two lives investors in disarray should the projects turns out to be a failed project and falls right out of the market. It would be a much valued discussion should experienced investors speak up and then, it could aid developers of altcoins as well.
Let's discuss.

I think there should be a governing body that filters project when it comes to crowdfunding.  It isn't about the price value of the token but rather the capability of the developer to deliver the project that is causing the problem and makes lots of investors to lose money. 

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January 10, 2021, 05:19:23 PM
 #11


Which is the best solution to Altcoins developmental projects? Having in mind that, either of the two lives investors in disarray should the projects turns out to be a failed project and falls right out of the market. It would be a much valued discussion should experienced investors speak up and then, it could aid developers of altcoins as well.
Let's discuss.

first, the existence of a new project based on the findings of identified problems takes a very long time. which finally gave birth to alternative solutions based on the results of the problem formulation. where this project is considered to be able to overcome problems that have been experienced by other crypto/altcoin projects. Then the project is presented as a new face with a consistent and reliable team (the team must go through a fairly strict selection based on the selection criteria procedure), it can be seen from the team's background, as well as its history from experience in managing projects to completion.

What we find most often are unfinished projects, dissolved because of different ways of thinking. So the point is that apart from a good project, VISION and MISSION together with the professional team have agreed on 1 goal. even at the time of ICO and IEO then disappeared.

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January 10, 2021, 06:13:52 PM
 #12

I don't think price do matter  a lot during ICO/IEO, it is the total numbers of tokens that matter, just look at XRP, its price is $0.3 but have a total circulating tokens around 45 billion tokens, unlike Ethereum with price of $1300 and circulating tokens of around 114 million. I think the design of tokenmetrics is very important to be able to build strong community around your project like YFI team did

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Silberman
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January 10, 2021, 06:32:45 PM
 #13

                                                                     The problem with Altcoins

Cryptocurency has been a growing field since the emergence of Bitcoin and as such a lot of alternate cryptocurencies have been and are still trying to emerge and be generally accepted and valued as bitcoin. Thousands of projects have been known to come up, conduct it's ICO or IEO but yet only to fail along the line as the coin or token later turns out to be sh*t coins or it's equivalent. This is what makes altcoins investment a daring field for many investors and as such, you just might require a lot of experience to be an investor in altcoins.

Possible problem/solution
Identifying a problem is the best way to confer solution to that problem although, this might not be the only problem there is but, it's just a thought that bugged me of recent and I'll very much like to hear what you guys have to say about it. Which is more of a menace to Altcoins as regards start up projects,

I. Is it conferring more value to a coin let's say, $1-2 during the ICO or IEO session and allow it to go from there? Or

II. Giving it a relatively low value let's say a few cents perhaps $0.01-0.05 and watch it grow from there.

Which is the best solution to Altcoins developmental projects? Having in mind that, either of the two lives investors in disarray should the projects turns out to be a failed project and falls right out of the market. It would be a much valued discussion should experienced investors speak up and then, it could aid developers of altcoins as well.
Let's discuss.
You are trying to solve a problem with the incorrect solution, if people are tired of getting scammed or losing their money in bad coins then the solution is simple, stop investing in bad coins, it is that simple, 99% of the coins in the market right now are not worth your attention, time, energy or your money, let some other person invest in them and lose their money, does this means that you will lose the opportunity to invest in a coin that goes 100x? Yes but it also means you do not invest in the hundreds of coins that go to zero just as fast.
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January 10, 2021, 07:18:47 PM
 #14


I. Is it conferring more value to a coin let's say, $1-2 during the ICO or IEO session and allow it to go from there? Or

II. Giving it a relatively low value let's say a few cents perhaps $0.01-0.05 and watch it grow from there.



I am sorry but this doesn't make any sense. Only way to calculate the value is by marketcap, not the price of a single coin. I think what you mean is that project should have lower marketcap when it starts so it has more room to grow. Coin pricing is irrelevant.

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January 10, 2021, 07:25:03 PM
 #15

I. Is it conferring more value to a coin let's say, $1-2 during the ICO or IEO session and allow it to go from there? Or

II. Giving it a relatively low value let's say a few cents perhaps $0.01-0.05 and watch it grow from there.


Let's discuss.

When ICO appeared, many investors invested in ICO, I thought ICO was not so bad. At least they can last several months after listing in the market. Unfortunately, IEO are worse than ICOs, they pair very high coin prices while IEO is running, while after IEO finishes, prices dump straight away.
But this comes back to you, how about the investment is a risky thing.
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January 11, 2021, 01:00:31 AM
 #16

The project's success depends always on the product they introduced and the objective and goal that aims a good use in crypto industry. It's not about the value of the coins that we should watch but then come to think of it that those altcoins that tend to survive and has afurther continuous development has also a good price progress. Because investors use those altcoins for different purposes.

Come to think of it, there are still altcoins that costs some cents but still surviving and has a good purpose in this industry.
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January 13, 2021, 07:56:39 PM
 #17

The basis of more or less promising altcoins is a good team of developers. Or investors who can increase their wealth in a short time. This can really be a problem because if the demand is managed by a very large investor, the fork in capitalization and over time popularity can enter the top 5.
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January 14, 2021, 12:59:45 AM
 #18

In my opinion the big problem is market saturation and the lack of new ideas that can revolutionize the daily lives of investors and society. Before thinking about a solution to adjust the market flow, we must think with the crypto that will support the strong technological demand that the world is looking for.

Does crypto have the capacity to support global demand? This is something I've been thinking about for a while.

Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
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January 14, 2021, 08:43:43 PM
 #19

In my opinion the big problem is market saturation and the lack of new ideas that can revolutionize the daily lives of investors and society. Before thinking about a solution to adjust the market flow, we must think with the crypto that will support the strong technological demand that the world is looking for.

Does crypto have the capacity to support global demand? This is something I've been thinking about for a while.
The market of altcoins has too many problems to count, one issue is that as soon as something good is finally made scammers immediately make 20 copies of the same project with a similar name and people do not know which coin is the correct one and a great deal of them end up losing their money by investing in the wrong coin even if their intention was to invest in the original from the beginning, and unfortunately it is impossible to stop this process as this market is completely free and anyone can create a coin at any time and while this is a strength of this market it is also one of its weaknesses.
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January 14, 2021, 10:31:28 PM
Last edit: January 17, 2021, 06:48:01 PM by Lordhermes
 #20

The problem is theft mindset.
Let me assure you, every altcoin projects are meant to be successful because of crowdfunding, ICO, IEO, defi, and all of the fundraising means, what's causes break down of altcoin is development team having a theft and fraudulent mindset, back in the days before 2017, ICO were pretty doing smart and been listed on good exchange but untill scammers start getting into the game it became a center of "go get rich quick". So the solution is to do a diligent research to avoid scam projects.

On the other hand, some prices of altcoin are determined by the exchange to be listed for trading, the development team might suggest but the exchange has final say to avoid dump in price, it doesn't matter if the price start at cent or higher, most defi project strated at $5 and are pretty doing well.
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