Ucy
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April 30, 2021, 10:03:45 AM |
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In my opinion, it's better to invest longterm in very safe, useful, well decentralized coins that you can easily run their nodes in order to fully control your assets and take part in network consensus. I wonder how long the new coins will run before it becomes difficult for users to easily run their full nodes? I think It should be between 5 — 50yrs. I believe it can be well over 50years for the Very Decentralized ones. Some of the new cryptocurrencies became difficult to run by average people in less than 3yrs. I would honestly avoid investing in them long-term. And I wouldn't invest in or contribute to substandard coins even short-term
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TribalBob
Sr. Member
Offline
Activity: 1288
Merit: 257
Chainjoes.com
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April 30, 2021, 01:28:09 PM |
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investing in old coins minimizes losses a little if the market is bad, old coins will also thrive in everything, and old coins can also be profitable at any time because the product is still running as they target. but to be honest for EOS I wouldn't and never would have invested there
For new coins I think you have to be very careful if you want to invest, because sometimes new coins rely a lot on Fomo,
if I play new coins always hit and run
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velive08
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April 30, 2021, 02:10:25 PM |
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investing in old coins minimizes losses a little if the market is bad, old coins will also thrive in everything, and old coins can also be profitable at any time because the product is still running as they target. but to be honest for EOS I wouldn't and never would have invested there
For new coins I think you have to be very careful if you want to invest, because sometimes new coins rely a lot on Fomo,
if I play new coins always hit and run
for old coins not all coins do have the latest updates even some coins have died in vain. for EOS I am also not sure about the coin, EOS is not consistent with what was rumored for the first time when it was launched there was even an issue saying that EOS will become a big coin in crypto, but all that is now gone and EOS is still EOS. we don't even know when EOS will rise
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Vatimins
Sr. Member
Offline
Activity: 987
Merit: 289
Blue0x.com
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April 30, 2021, 05:43:37 PM |
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Of course they can depending on their coin's utility and the community behind them. If a coin is from a great project that have real world use case and can help make lives of many more easier, then the more so that they can compete. Just because they're old, doesn't mean they become ueles or cannot be subjected to improvements. You just have to read more and kearn more about which us better from one coin to another there is no shortcut in making good investments.
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BitLoader
Member
Offline
Activity: 252
Merit: 64
Never Mind
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April 30, 2021, 05:54:50 PM |
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Use old coin for fast trading only, I guess.
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devollito
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April 30, 2021, 07:04:56 PM |
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Dash, monero and zec will compete with them. As far as i know their community is big enough and the development also still runing. Dash made new feature and also start to make their Dash worked like DeFi on ethereum. I believe those coin will be here for next years.
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jostorres
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May 01, 2021, 08:31:54 AM |
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investing in old coins minimizes losses a little if the market is bad, old coins will also thrive in everything, and old coins can also be profitable at any time because the product is still running as they target.
Just being an old coin alone cannot be a criteria to invest or hold with, I agree. Old coins with real world applications are still surviving but few of them might got dumped heavily due to lack of promotions. I mean just having potential alone will not ensure success of a coin but devs must need to work hard in order to make their coins reaching the right people. I am still holding lots of old coins and I am believing into its futures. When I was investing I just looked for potential and how they might serve people in real world. This way I am holding few of privacy oriented coins and dapps coins.
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Woodie
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May 01, 2021, 08:32:14 AM |
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Hello Guys,
Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ... Can they compete with existing coins like DOT, LINK, coins on DEfi.
For the old coins it's all about the work the projects team are putting in terms of marketing to let people know what the coin can offer because the market has to many coins competing for adoption(usage) but then again these newer coins could have come from ICOs so they could have the money to market their product which the older does not have! Should I invest in old coins? By all means, old doesn't mean dead coins!
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Midy
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May 01, 2021, 05:19:43 PM |
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Of course, old coins can compete with new coins, it's just that the developers and their teams have to make a breakthrough or change to improve the quality of these coins, so that old coins can compete with new coins, and for investment options on old coins, it's better for you to analyze them first, cause if at the time of the bull run the coin price did not go up, it would be difficult to go up in the future
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Atang Sulaeman
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May 01, 2021, 05:25:20 PM |
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for the old coin as long as it is still active and its founders are still innovating and continuing to develop the system it will definitely survive in the future.
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cafee_orange
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May 02, 2021, 07:05:07 PM |
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Hello Guys,
Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ... Can they compete with existing coins like DOT, LINK, coins on DEfi.
Should I invest in old coins?
If the old coin has no price cracks on the market then you should just leave it and don't invest in that coin, you should choose coins that have great developers and there is movement in the market such as BNB, Eth, Ada, and Polkadot. Your proper knowledge with the market movement will guide you to choose between old and new projects. as we go forward, there are still old coins that still moving after Bitcoin pumped up, the value of those old projects became interesting, but like what you've said, if there's nothing from the developing team better to stay away and follow new projects that contiue to develop. yes, that's my perception. i don't want to waste time trading in altcoins which the developer doesn't support. investment in digital currency is that we make the choice and only we alone can manage our finances, as well as the choices we will choose. in my opinion like that.
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MaiQwaN
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May 02, 2021, 08:16:20 PM |
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Hello Guys,
Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ... Can they compete with existing coins like DOT, LINK, coins on DEfi.
Should I invest in old coins?
These old coins have their own purpose and place in the crypto industry. In addition, over this rather long period of time, they have proven their significance. This is confirmed by their market price. New crypto coins have the same risks as old ones, however they do not have a positive, time-tested history.
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go4crypto
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May 02, 2021, 08:24:48 PM |
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The real issue is choosing good projects whether old or new. Different coin have different use cases so need to look at their relative performance in the current market.
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Dump3er
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May 04, 2021, 10:24:37 AM |
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Hello Guys,
Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ... Can they compete with existing coins like DOT, LINK, coins on DEfi.
Should I invest in old coins?
These old coins have their own purpose and place in the crypto industry. In addition, over this rather long period of time, they have proven their significance. This is confirmed by their market price. New crypto coins have the same risks as old ones, however they do not have a positive, time-tested history. Old coins for sure stood the test of time if they are still actively managed, developed and backed by a lively community. At least you know what you are buying. The coins have a history with good and bad moments and you can tell how the bad moments have been manage as well. Nothing bad about getting some of those older coins.
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SOMETIMES YOU WIN, SOMETIMES YOU LEARN!
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target
Legendary
Offline
Activity: 2282
Merit: 1041
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May 04, 2021, 10:32:52 AM |
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Hello Guys,
Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ... Can they compete with existing coins like DOT, LINK, coins on DEfi.
Should I invest in old coins?
These old coins have their own purpose and place in the crypto industry. In addition, over this rather long period of time, they have proven their significance. This is confirmed by their market price. New crypto coins have the same risks as old ones, however they do not have a positive, time-tested history. Old coins for sure stood the test of time if they are still actively managed, developed and backed by a lively community. At least you know what you are buying. The coins have a history with good and bad moments and you can tell how the bad moments have been manage as well. Nothing bad about getting some of those older coins. Old coins are like old technology but since roadmap can be updated, these old coins can stand the test of time and can grow even further because they are already known due to the marketing they've had before. Some are saying that it's like the old dotcom bubble that netscape and some old social media like myspace are going to be replaced. And so Bitcoin will also be replaced later. As of now it's still the top coins despite the existing sophisticated projects like ETH, EOS, and Polkadot.
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Dr.Osh
Legendary
Offline
Activity: 2744
Merit: 1004
www.licx.io
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May 04, 2021, 10:43:45 AM |
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In my opinion, if the development is still being carried out, and following the current technological developments, it deserves to be maintained, and is an option. for example, like Ethereum. Ethereum has even maintained its position as the king of altcoins for now, and ethereum is one of the oldest coins.
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mulia sabee
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May 04, 2021, 08:58:24 PM |
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Until now, I haven't seen any old coins moving in the market, but in the future it might have a higher price, we hope it will be like that too. But I'm still not sure about investing in the old altcoins.
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fosco333
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May 05, 2021, 04:50:42 AM |
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for the old coin as long as it is still active and its founders are still innovating and continuing to develop the system it will definitely survive in the future.
Old coin will survive if they continue to keep their holders, gives continues updates and news. If we know it is dead, we can just sell it and find other coin. but the worst thing is the coin is not dead yet, neither alive, doesn't have progress and updates, that is worse than a dead coin.
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capokmerah
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May 05, 2021, 08:08:06 AM |
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Looking at the current development of Crypto, old coins don't seem to be able to talk much, many ancient coins can't survive, only a few coins are able to survive because they always innovate and develop. There will always be competition between old coins and coins, but I think it's better to invest in new coins.
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Altcoinsintel
Member
Offline
Activity: 342
Merit: 24
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May 05, 2021, 09:40:43 AM |
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Hello Guys,
Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ... Can they compete with existing coins like DOT, LINK, coins on DEfi.
Should I invest in old coins?
I wonder what exactly is the relevance between DOT, Link, and all the DeFi, with coins like Dash and Nano. They are on a completely different level which is not comparable. Dash and Nano are about adoption as cash and do not have a lot to do with DeFi. You should be comparing apples with apples and not with cucumbers.
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