yes, because the better and more active the coin is developing the project, the better. Moreover, a market that is always developing and also in the crypto world that always puts forward the development of new technology, then coins that never do development (outdated) are likely to have their price going down too.
I very much agree here, good comment. We can clearly see which project is active and which project is not active and it's also a result of price.
Honestly, the only coins out there that have any non-zero intrinsic value are the ones that have a use-case, everything else is a pump-and-dump fad coins. Bitcoin is a prime example of this with almost world-wide adoption, other coins serve a purpose in their own isolated environment, such as a Casino token used for gambling.
Overall the investor has to do their own research as you said
Also good comment I can agree to. Every coin will be considered valuable if it's getting used. We can see from Bitcoin and Ethereum here, it's getting used and result is a high price. While coins like Tron and Cardano - nobody uses it. A coin not being used is useless. I totally agree here.
It appears you are on a self propaganda about outdated and over priced project, you have made 3 post now related to this topic, why are you so bitter with this project you have named, if you invested and did not make good profit - which is the major aim of %99 of crypto investors, then move to another promising project according to you, don't waste your time hating on what you have no control of,
I clearly want to ask what's your problem here to make accusation? You have just written gibberish accusations and defended shit coins, so what? Are you king of altcoin analysis or what?! I have only given my opinion here and written why it's not good to buy outdated coins. It is provent facts. If you want to buy outdated coins, good luck getting rekt.
Are you defending your shitcoin bags or just don't have any clue to do research?
And I've never owned any of it if you want to know, so stop making conclusions where you have exactly ZERO proof of, degen!
Let me ask you, do you know most people buying eth or any other coin are just for profit making and not because of tech! the most important thing here is to make profit, only developers are concerned more about eth 2.0 so stop kidding yourself, you won't benefit more investing on eth than the price pump, if you are not a dev why are you making so much noise
Funny! So you say people don't buy because of tech? I cleary say you don't know much about doing good reseach. A coin needs good tech and if it's not good tech, it won't have success long term. It's a very flawed assumption for every coin will go up and tech will never matter.
Tech is most important and useless shitcoins will fail and become useless. If you don't want to realize, you will make a big loss!!
One of your outdated coin though, ADA is still on the top list of altcoins and making good grounds in the last 2 years so I don't know how can you call them outdated. So we can't say that some coins are outdated and overvalued when they are in the top 20.
So your argument is flawed in the beginning. How about new coins in your list and let's say moving forward 3-5 years from now, will they be outdated as well? And there are some outdated coins still in the market but they are undervalued. So there is no formula here, depends on how crypto people are going to support new and innovative coins.
For me,
progress and tech is important. Projects need to build a working product and Cardano
failed now for 4 years to make it work. Always delay, always empty promise, same like Tron, same like EOS. Only empty promise, marketing and BS.
If you can call all these coins outdated it doesn't leave Ethereum and bitcoin out of the list since they have outdated utilities, many new projects beat bitcoin when it's comes to utilities but Bitcoin just happened to be the best even with it's old tech, who cares anyways? You've made your choice OP I prefer old coins more anyways
I don't see where Bitcoin and Ethereum are outdated. Bitcoin and Ethereum have many active devs, users and a big community. Bitcoin will establish as a store of value and for internationl transactions and Ethereum will become currency of tech. I can see some coins more maybe for every day payment like Ethereum 2.0 or Avalanche, we don't know yet. ChainLink will be coin of interoperability. Maybe also Bitcoin has a chance for Lightning.
Outdated and not innovative coins so far:
- Bitcoin Cash
- Bitcoin SV
- Cardano
- EOS
- Tron
- NEM
Talking of outdated, I thought you would have coins like dogecoin in there which was almost left for dead until Mr Tesla happened but surprisingly I saw one of my favourites "TRON" in the list which is shocking tbh.
With the soaring prices and high transaction fees nothing from the top coins comes close to TRX because you won't be paying over $20 in fees or waiting for several days for a single confirmation so there is some usefulness for this crypto if you over look the team,vision etc
not only you mate, because tron and cardano is my favourite altcoins now,
but the OP wrote if both altcoins is outdated and not innovative coins so far and for me this is unreasonbale
Hi! Yes, I wrote
Tron and Cardano is outdated and not innovative coins. And here is why:
I wrote it based on tech because every project
needs to consider a moving market:
Yesterday it was
fast paymentAfter it came
ICO and later
DeFiAnd finally is coming
NFTAll projects need to adopt especially DeFi and NFT, developers need to develop fast. Tron didn't deliever, only empty promises, Cardano didn't deliever, only empty promises. For 4 years now. Only marketing while people don't do research and buy. DeFi and NFT does not work for such outdated projects, nobody will use it. Price is just so high because of good marketing from Tron and Cardano. People believe it while it's only empty promise but in reality outdated tech.
Doing Altcoins research is very important because right now, so many Altcoins are in circulation. A very important rule so far is:
Don't buy outdated and overvalued coins!
A coin needs to be innovative to be a successful coin. So far, projects are unfolding in several phases:
- Vision Project develops a vision / whitepaper
- Trial Project tries to deliever a solution based on "vision" / product development starts
- Result Project is presenting evidence (after development) if it's working or not
Most projects fail in phase "Trial" because it didn't work and team can't deliever. After no innovative result was presented, some projects start to get lower expectations and switch assumptions. Development takes ages and a good product is always only "promised" but will never come.
Now, marketing will take over a large part instead of real progress. Marketing is done to hide failures and present very litte progress as a huge success.
And finally, it will result in an outdated and overvalued coin. It's often very similar! And we need to know to stop buying such coins because price will go down later.
Outdated and not innovative coins so far:
- Bitcoin Cash
- Bitcoin SV
- Cardano
- EOS
- Tron
- NEM
...
We should instead decide for new, innovative coins:
- Ethereum 2.0
- Avalanche
- Cosmos
- ChainLink
...
Having a look at development history is a very important part of doing our own research!
It seems that you are naming and blaming coins you know nothing about as outdated, it is amazing to see a random person coming up and making such posts. So according to you cardano is absolete project? Oh come on it is one of the most advanced project already reaching the top spot with continuous development and series of upgrades unlike anyother project and it is an outdated project for you? Think again.
You should stop your accusation here and instead
do your research before comment. I made a list based on proven facts where I said it won't be a good decision to buy uotdated coins. You can clearly re read my OP and make your research better instead of personal accusations, yes?
It is very clear or why should outdated projects stay relevant?
New crypto requirements for projects are to support BIG
DeFi and
NFT, and enable linked Chains (ChainLink) to improve interoperability. Do you doubt? If yes, you should maybe just buy stocks.
Crypto is a fast moving market and outdated projects won't be successful. Just look at Tron, where Justin Sun is an idiot, just makes marketing and never delievers a ready product. Same like Cardano, it is always only news but never a real product. WHERE is DeFi and NFT for Cardano? WHERE? it is not existand because Cardano is an old and outdated project based on hype, marketing and speculators greed. It is using an outdated approach, nobody from DeFi really mentiones it! Same like EOS! Nobody professional from DeFi sees it relevant, it's only speculation, greed and marketing. No real technical fundamentals.
New crypto-currency project has really been able to provide any real life usage apart from means of transaction or development of order snap-on tools like bitcoin and ethereum respectively so it is kind of strange to claim that some new points are innovative when in reality we haven't really seen their impact or their use in the mainstream this is why I believe that as long as the crypto please include has no block chain issues and is easily treatable with a very good community parking I believe you can buy and hold that type of crypto
We need to have a look at some good projects, not all new projects are innovative, only few:
- Take
ChainLink: it has provided a completely new traget: DeFi. Future crypto will all be linked and ChainLink has found a strategy to become really innovative here
- Take
Avalanche: Avalanche is a completely new consensus where we won't see any problems for SCALING. Transactions are fast, cheap and development is only 1 year so far compared to 4 years for Cardano. Imagine what Avalanche will have achieved in 4 years!
- Take
Ethereum 2.0: So many devs are in progress here, sure it takes time but do you really expect, Ethereum, where mainstream has made bets will fail? Vitalik Buterin is genius, he knows very well what he's developing here und he's right, he should not rush because rush makes mistakes. Ethereum 2.0 will be powerful and will make Tron, and Cardano look very bad.
It's how crypto market is moving.
