Buying old coins: Is it worth it?

[SacriFries11]

If you really want to invest in old coins than take a look on LTC, XLM, DOT and ADA these coins are still worth to invest and hold for long time.
Nowadays many shitcoins and useless coins are being created, which have not any value in market but people are still investing in these coins and getting loss. I am confused why people don't Invest in strong project.

I think they just want to have quick profit that's why they invest in sh*tcoins. We all know that these coins get immediately pump when the project launch in exchange like pancake swap then immediately dump also after a few minutes.
I agree, there are lot of old tokens that are worth of investment, as you mentioned. Tokens that are continuing to improve and upgrades that makes more competitive in current crypto situation. It's worth of investment but also we should do a lot of research before investing. These tokens also requires long-term not for short term investment.

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[ahoenk]

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.

It is depend on what old altcoin you want to buy, my suggestion is buybonly old coin which has so many peoole involve in it like Monero, Dash, litecoin or Zcash. These are good old altcoin with strong community behind it. It will not gives you 100% safe poaition but atleast they are survived from many crypto winter in this decade.
Dash : created in 2014 and still survive and it is first proof of stake coin in this industry.
Litecoin : the first script mining coin ( dogecoin is forked from litecoin source )
Monero : no doubt this coin is the most anonym and untraceble coin on earth.
Zcash : the first coin which implemented Zero Knowledge technology by zooko

[Kunotcoin]

I think not all, old coins are worthy to buy, but only those few that was proven and tested just like Bitcoin, Ethereum, Binance, etc. because its too many old coins already, they are thousands of them in the market today that's why it's not easy to track them all, for the better just choose the Top ranking old coins in the market. But if you are aware of many successful new projects in the market today I will include them to diversify my portfolios.

[pantek talacuik]

Depending on the use case of the coin and how the teams promote the benefits of their coin. If they keep to developing new product and follow the trend of market, they will be survive from the market, because the interesting of the project increasing. Let see old coin of Cloack coin, the price still in the bottomed although the market on bull market because the don't have others products that interest to see. With high competition on the market, more altcoin can be dying.

That's right, and in the past too many coins died because there was no use and benefits to be gained from these coins, and actually every year there are always coins that die because their development is not smooth and the demand is low.

A natural thing that happens because there will be coins that grow and die every year. I've also held some old coins that ended very sadly. The coin undergoes a gradual decline and ends up being up. Many things you will go through later with what you have held. but I'm sure there will be 1 coin that makes you lucky and make a profit.

[bamb]

Sometimes,  we are lost in our unrealistic expectations of the old dreams associated with old Cryptocurrency,  we must however be critical in our thinking and see things for what they are.  Many old coin have stopped developments years ago,  some old coin tech and directions are not applicable in the current market.  You just have to let the old dog lie!

[apa don]

I think not all, old coins are worthy to buy, but only those few that was proven and tested just like Bitcoin, Ethereum, Binance, etc. because its too many old coins already, they are thousands of them in the market today that's why it's not easy to track them all, for the better just choose the Top ranking old coins in the market. But if you are aware of many successful new projects in the market today I will include them to diversify my portfolios.

Yes, if it's more about looking for a safe and comfortable place to invest and trade, then it won't be wrong to choose the top coins as you mentioned, but if you really have a lot of time to explore successful projects, that's also not wrong, but most recently successful projects also need more time to develop again.

[leea-1334]

You never know. We shouldn't just say like "It is an old coin. It won't make me a good amount of money.". Being the oldest or newest is not the most important criterion. The condition of the project is the most important.

But we should just say. Yes you never know and that is the whole point. If you have some already okay,,, good and then just hodl or forget about it and keep the private keys safely until they maybe moon. But to invest more money now into old coins just because of "you never know" is a sure way to lose funds.

[bigjuk]

Sometimes,  we are lost in our unrealistic expectations of the old dreams associated with old Cryptocurrency,  we must however be critical in our thinking and see things for what they are.  Many old coin have stopped developments years ago,  some old coin tech and directions are not applicable in the current market.  You just have to let the old dog lie!

Hehe, sometimes it's funny when reality doesn't match what you expected, but don't get me wrong if the coins that are popular at the moment and are at the top of the rankings are all old coins, only a few are new, so from that we can conclude that not all of the old coins have stopped developing, because some are still developing well.

[junkerr]

Sometimes,  we are lost in our unrealistic expectations of the old dreams associated with old Cryptocurrency,  we must however be critical in our thinking and see things for what they are.  Many old coin have stopped developments years ago,  some old coin tech and directions are not applicable in the current market.  You just have to let the old dog lie!

Hehe, sometimes it's funny when reality doesn't match what you expected, but don't get me wrong if the coins that are popular at the moment and are at the top of the rankings are all old coins, only a few are new, so from that we can conclude that not all of the old coins have stopped developing, because some are still developing well.

those who can maintain their market community with product development will always get a good market.
Old projects that are forgotten are those that are present in the market then there is no development. there are even some projects that only migrate to the blockchain chain. without any updates from the platform. they just want to use the hype going on in the market only.

[Woodie]

If the coins on your radar have lasted this long and are still been traded, then I would buy some of these old coins  but coins with no value and still trying to get listed on an exchange, stay away from such at all cost, these have got the stamp of approval of being a shit coin.

[Bitstar_coin]

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.

This coins you mentioned are really old coins which people hardly talked about, and you know how it is in crypto,  once attention of people has shifted from a project, it means less investors and possibly less volume and which can result to slowly decrease the activity and then finally fade away.
If people are still trading this coins that is surprising because buying such coins will be very risky compare to all the projects in the market.

[john1010]

It depends on the old coins, but if the old coin doesn't compete with the latest innovation and trend in the market, these coin will definitely begin to die, how sad that so many good coin now are going to die because many of their community shift to the latest innovation and want a real passive income.

[Kez1817]

There's a lot of new and fresh coins in the market , so the old coins are now behind especially if it has no strong marketing strategy. But it doesn't mean that you can't but it and earn profit. Many old coins can still give you huge profit, depends on your strategy. If you want to buy old coins, just choose the best and with strong foundation in the market.

[irsykes]

Ethereum can be considered old coin. I think it is worth, new or old as long we really know how the coin was. Because there are some old coins too which already dead of left by it's developer. If me i am not look at the age (although age is important too because we can see the coins still survived or not) but mainly i better to look on it's volume in coinmarketcap.

[imstillthebest]

I'm wondering whenever it's worth buying and holding old coins for the long term.

Like you said earlier that old coins are reliable and stable but new coins can be risky for a long term hold . if we have passion for old coins there are better older coins that we can choose than the three coins in your subject .

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.

Why will they copy it . That will be plagiarized but they every coin needs to come up with a new idea for them to get an attention . New coins now are crafted with less effort than the old coins , it's why old coins are the best

[conected]

Sometimes,  we are lost in our unrealistic expectations of the old dreams associated with old Cryptocurrency,  we must however be critical in our thinking and see things for what they are.  Many old coin have stopped developments years ago,  some old coin tech and directions are not applicable in the current market.  You just have to let the old dog lie!

- Seriously, many old coins are becoming quick money systems, they stop development activities and fall into the hands of wolves, whales, sometimes we still think they are as safe as in the past but their nature has changed from the inside and become the territory of bandits. These robbers are always sophisticated in their system settings, they're always ready to lead a few winners here and out to advertise, a chain reaction will occur and these robbers will collect a large amount of money from the people who come here, pay attention to old projects that have stopped working when investing

[pedrillo0]

The garbage of some is the treasure of others, people are carried away by fanaticism!
Be careful, because then reality comes, and as you mentioned, these coins are more stable and secure.
But the day that the new currencies fail, there are many possibilities that they will again enter mass adoption.

For now I would like those old coins to be even free and then buy some just in case...

[isaac_clarke22]

~

Sad but true.
Even looking into other pictures like how businesses try too hard to be unique these days.
It'll never beat the good ol' fashion as always.
This is also the reason why I do not tread too much in coins that are below top 10 in CMC though I gotta be honest I only throw it all to BTC in the end anyway.

[sunny28]

Depending on what kind of coins, many coins were in consolidation, but with the hype, DeFi and NFT saw a new channel for development and began to develop there. After that, the rapid growth of their token began.

Therefore, it is necessary to look at projects that have any plans for the future, to see what they want to do in the future.

[jostorres]

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.

I know many people say that "it all depends on the coin" but the reality is that old coins are for different investment and new coins are for different investment in my mind. If I am investing into an "old" coin which usually for me means at least 3 years or more, that means I am after steady income and not after a huge increase, I know from 2020 to 2021 we have made a great deal of profit with them but even at that point there were tons of new ones that profited more but ton of new coins that went to zero as well, there is a bigger risk involved with new coins whereas old ones are usually the ones we know, the bad ones are already gone, so the old ones that are left which are mostly in top 10-20 even top 50 are known ones and they go up with the market.

However when I invest into new ones, I invest with small amount and try to make a huge return from them, not a steady guaranteed income but either zero or 100x type of deal, so I put in very little amount.