Buying old coins: Is it worth it?

[MarjorieZimmermanGinger]

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

There are two opportunities that I often hear from people to analyze a coin, both of which are almost completely true if I pay close attention. First, when the coins are issued, usually in the next 2 or 3 months they will slowly rise. Second, this moment will be repeated once again, but not for long.

Sometimes keeping too long a coin also doesn't mean anything, considering that every coin has the right time to be at the maximum number, but not all coins have this opportunity.

[1714976470]

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[1714976470]

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[sirminesalot]

There are two opportunities that I often hear from people to analyze a coin, both of which are almost completely true if I pay close attention. First, when the coins are issued, usually in the next 2 or 3 months they will slowly rise. Second, this moment will be repeated once again, but not for long.

Sometimes keeping too long a coin also doesn't mean anything, considering that every coin has the right time to be at the maximum number, but not all coins have this opportunity.

Strong fundamental coin usually have slow paced of developing their project, just like ETH which planned ETH 2.0 since 2 years ago. But this kind of coin is having a strong fundamental and solid holders behind, so the price won't crashed just like other coins which has roadmap to fully operated in just 1 year development.

[cabron]

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

There are two opportunities that I often hear from people to analyze a coin, both of which are almost completely true if I pay close attention. First, when the coins are issued, usually in the next 2 or 3 months they will slowly rise. Second, this moment will be repeated once again, but not for long.

Sometimes keeping too long a coin also doesn't mean anything, considering that every coin has the right time to be at the maximum number, but not all coins have this opportunity.

As of the time of writing, I think the prices dips already which could jump up again very soon to break another resistance. Talking about right time.

The old tokens/coins that I have in mind are actually more ancient like Lisk or ETC. Or probably coins that have been in the bullrun in 2017, undergoes a bear market since 2018 but got out alive still. I can see them still alive today even on the top 20 on CMC. I'd like to believe they are going o be profitable to hold. My pick this time is WAVES because the price isn't more than $100 yet.

[Vishnu.Reang]

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

These coins are either dead or defunct. And in the cryptocurrency sector, it is very rare to see coins that have been dead for so many years being revived. The promoters of these coins have moved on to other projects, and other developers are not interested in them because there is no premine advantage for them. In short, it is not like investing in stocks that have fallen by 99%. With stocks, you can say that there is still a 1% chance of getting revived. But with dead coins, the chance is like 0.00001%.

[MarjorieZimmermanGinger]

You said it yourself already. If a project doesn't carry DeFi nor NFT in its discovery, just forget it. These are the two selling points for the crypto and they're not on the brink of settling for less as they keep skyrocketing with much adoption from investors.

They pay according to their work, they can't be forced to pay more, if investors start to like a lot the payment will automatically increase, I agree with what you say.

Forget it if the project does not bring Defi or NFT, there are other more interesting ways for them to do, if this opportunity cannot be maximized, why do we depend on such conditions, which are not necessarily true and real for us to participate.

[the ghabbar]

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

Two things I caught from the results of your post?
1. When is the right time to buy.
2. Saving coins for the long term.

In my opinion, these two things are different, to see how far the right time to buy is when market conditions are not good. In such conditions we take advantage of buying some coins that we believe have good bargaining value in the future.

While storing long-term coins, people usually buy meme coins, because this kind of coin gives the best level the following year, in contrast to coins that are ranked in the top 10.
maybe you can adopt this method, if in your view this is profitable.

[hornetsnest]

If you can guess one suitable for ze #sharingeconomy then maybe it is worth it  

[VanityWallets2015]

It depends what kind of coin if it's Bitcoin (which is the very first) of course it is worth it but if you are talking about other altcoins before the DeFi and NFT I'm not really sure about that maybe you should check what's update with them. I've seen some projects that turn into DeFi I think they were upgrading or catching up with what's hype today.

[Vaskiy]

Almost every old altcoins on the market have given its investors the best ROI on their investment. With time there is growth with every altcoin. Also the buying price is affordable to buy as a whole compared to the leading cryptocurrencies that has reached peak values. For long term profiting old altcoins are always the right choice, because to stand long-term on the market isn't that simple.

[monig]

If The Project is strong then its buying is worthy.Bad projects have already get out from Market. Although some projects had gave profit in past few years  but now there are no where in the market because they were not strong based. They are replaced by some strong projects having good market cap.

[marilynmanson21]

Seeing the movement of old coins that are open to the top 100 coinmarkets is difficult, but old coins that are still worth investing in I think DOGE, LTC, XLM, ADA.
but it all depends on how you see the future. As far as I'm concerned, for now to many new coin and now  how to  strong they are in the crypto market and how strong their appeal to investors is. and how strong they are in innovating and marketing their projects

[Abiky]

These coins are either dead or defunct. And in the cryptocurrency sector, it is very rare to see coins that have been dead for so many years being revived. The promoters of these coins have moved on to other projects, and other developers are not interested in them because there is no premine advantage for them. In short, it is not like investing in stocks that have fallen by 99%. With stocks, you can say that there is still a 1% chance of getting revived. But with dead coins, the chance is like 0.00001%.

It's fair argument. Most of the old coins tend to become abandoned by developers as they move onto the next big thing in crypto. Nowadays, it's all about "De-Fi" and NFTs while old coins are being left behind in the dust. The only exception would be old coins like Bitcoin, Ethereum, Litecoin, and Dogecoin. These coins will survive in the long run while the rest will go down the drain. I'd suggest anyone to put most of their money into new coins, while putting the rest into prominent old coins on the market. That way you'd minimize risks as much as possible. New coins are highly profitable in the short term, but most of them usually disappear over time. Only a few manage to survive because of their communities supporting them every way. What's important is Blockchain technology above all else. As long as Blockchain is alive, nothing else matters. Just my thoughts

[akar87]

old coins sometimes don't last long in the crypto industry but not all of them. basically Cryptocurrency is related to updates and trends, so IMHO, any projects and companies that follow the two things mentioned, they will be acceptable to the audience. it's currently 2021 and it's a shame that old coins like the OP said: peercoin, quark & primecoin are not evolving well.

Many old coin left by their owner and is not good for investing because without any new development from the owner impossible old coin can be success and back to higher price, but you can invest with old coin if exist update every new partner by the owner, give many offer for investor and make many new schedule to make price up, most important want get new partner and support their coin keep raise up.

[nakamura12]

Not all old coins are worth to buy as some of it are as good as dead in my opinion. If you really want to buy old coins, prefer buying those old coins that are trendy which cause many people to buy but most of the coins trends didn't last very long but still many people use. If you don't like the old coins anymore why not buy eth or btc if you can't decide which coins to buy.