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Author Topic: Why is there so much interest in popular cryptocurrencies?  (Read 586 times)
AnonBitCoiner
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November 18, 2023, 11:53:14 AM
 #21

Successful coins have already gain the curiosity of people all over the world therefore people  often choose them whereas all new crypto has no guarantee that whether they will be profitable in future or not. Bitcoin is one of the most successful coin in crypto world and from so many years it proved that it decrease price is just an opportunity for buyer which ends soon.

famous coins if reduces in price then its holders just wait because they know that soon it will go higher but if new coins goes down then its holders are in worry and doubt that whether they will go up or will remain same always.

People often use bitcoin for longer term because of small volatility as compared to other coins and also people have seen a successful event about bitcoin that have most positive impact on crypto users. Other coins are totally dependent on bitcoin so it cannot be possible that if bitcoin goes down then other coins will remains in a higher value but with decrease in Bitcoin's price the overall market goes down.



 

 

 

 

 

 


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November 18, 2023, 12:26:13 PM
 #22

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
That is because with high volume and market capitalization projects has assurance that there's liquidity and you'll have no problem when you're about to trade them.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
The real use case is what many likes to see for most of the projects. The impact that they give to the industry is a big thing that everyone wants to see from most of them.



 

 

 

 

 

 


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November 18, 2023, 01:38:21 PM
 #23

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

What does the inertia project have different that hasn't been missing thousands of existing projects? So what is the exclusive thing that can make people to invest in shits when there are a hundred more similar projects with different names on the market?

If it really has potential then it will grow no matter what, so at that point, people will invest.










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November 18, 2023, 01:57:18 PM
 #24

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
Most of the investor aren't dev and most of them don't care about the technology. They are here for profit and they have invested in a project that means they think the service it will provide has customer which can extract profit from it. This will help the project and their token of share as well. Most of the people wants to do it in a well established project and that's why we have seen major alts has larger community than the smaller one because it is less risky than the young one.









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November 18, 2023, 02:35:23 PM
 #25



What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

The potential to provide profits in the future is the main factor for everyone investing and as a consideration, the superiority of the coin is the basis for providing potential for the coin.
We can see that 10 altcoins provide their respective advantages and potential so that they are worthy of competing for investment

.SUGAR.
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November 18, 2023, 03:19:05 PM
 #26

Usually lesser known projects have only a few special things and much bigger risks of being abondend and/or dumped. That's pretty simple
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November 18, 2023, 04:43:32 PM
 #27

Don't get me wrong here, it's obvious that you are shilling for this project, it might affect them negatively and backfire as investors might see this kind of shilling very negative to be honest. If the project is what you say it is, then investors are going to flock and invest their money. But if this is just a way to shill and then they found out that this project has nothing to offer, no innovative approach, then they won't even put a sat on it, just saying.

Not only does he shill for the project, but he is also the creator and owner of the coin.

I am the creator of the project. And read my comment above.


It has to be unique like Bitcoin or Ethereum or any other projects in the altcoin crypto sphere.

Yep! Only an idiot is capable of comparing Bitcoin to a shitty BEP-20 token that doesn't even have its own blockchain. And, the comedy gold moment was when he claimed Monero is the only truly decentralized cryptocurrency. LOL!

R


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November 18, 2023, 05:00:33 PM
 #28

Popular cryptos are always in demand. Hence we know that when the demand is high and supply is less or limited, in order to fulfil the demand, the price goes up. Hence people shows more interest in these types of coin. Moreover these popular coins have large marketcap and big trading volume, so it ensures the traders that they won’t make big losses. Hence they buy these coins.

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November 18, 2023, 06:04:03 PM
 #29

I would breakdown my answer into two parts:

1. Reputation and tested:
Established coins like Bitcoin has been tested on numerous occasions with whales cashing, government calling to ban Bitcoin, Restrictions on usage and trading in selected countries but still Bitcoin is there in the market for over an decade despite facing all these challenges and bear markets and sort of gained the reputation as most trusted coin and it has the power to swing the market as per it's price. If Bitcoin goes down then entire crypto goes down and if Bitcoin pump then the rippling effect is felt across all the altcoins.

2. Project roadmap and white paper matters:
Regardless of its a small project or big but people will be interested into it only if it has promising features and if it's solving the burning issue of current time as well as how their development is progressing. If a project is already involved in real life services and if it shares their work then definitely it will have user base and investment will flow to them as work needs to happen on ground instead of just mentioning in website or whitepaper but this rarely happens a most of the new project fails to convert their roadmap into reality.









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November 18, 2023, 06:07:46 PM
 #30

I can said two reason like best safety and good profits way in popular cryptocurrency. You may know btc, eth, bnb, ada, arb and many popular altcoins which is biggest project. There has many development where investors can make profits even there’s very long trem project in the crypto market. Once you can analyze there volume, marketcap, investors community.
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November 18, 2023, 06:36:37 PM
 #31

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Because being highly capitalized means the cryptocurrency has the fund to make their roadmap happen.  In terms of market trading, they have the liquidity to ensure that the cryptocurrency won't collpase overnight if someone with huge stash of coins dump to sell.  It is more on the stability of the market.

While projects that looks promising but does not have fund to pursue its roadmap is the same as failed project.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

Both are important but way beyond that is the fund to support the realization of the project or goal.
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November 18, 2023, 06:50:17 PM
 #32


Unless the new project is promoted by a celebrity, there will ba investors going for it. Theres been few but still turnout to be a scam. So just to stay in the safest investment, its best to just be on BTC and popular projects. You can't go wrong with it especially if the investor is up for long term.

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November 18, 2023, 07:16:17 PM
 #33

Successful coins have already gain the curiosity of people all over the world therefore people  often choose them whereas all new crypto has no guarantee that whether they will be profitable in future or not. Bitcoin is one of the most successful coin in crypto world and from so many years it proved that it decrease price is just an opportunity for buyer which ends soon.

famous coins if reduces in price then its holders just wait because they know that soon it will go higher but if new coins goes down then its holders are in worry and doubt that whether they will go up or will remain same always.

People often use bitcoin for longer term because of small volatility as compared to other coins and also people have seen a successful event about bitcoin that have most positive impact on crypto users. Other coins are totally dependent on bitcoin so it cannot be possible that if bitcoin goes down then other coins will remains in a higher value but with decrease in Bitcoin's price the overall market goes down.
While the attractiveness of existing cryptocurrencies such as Bitcoin is obvious given their proven track record and broad reputation, ignoring promising initiatives like as Cogitex based merely on their lower profile risks missing out on possible advancements and good contributions to the industry. The industry's capacity to innovate and absorb innovative technology may be hampered if it relies entirely on the previous performance of existing currencies.

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November 18, 2023, 07:30:11 PM
 #34



What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

The potential to provide profits in the future is the main factor for everyone investing and as a consideration, the superiority of the coin is the basis for providing potential for the coin.
We can see that 10 altcoins provide their respective advantages and potential so that they are worthy of competing for investment
The sole and major reason for people to be interesting in anything crypto is just because of the massive profits which one can acquire in a limited time of space in an Investment in the right coin obviously because a purchase in the wrong one will definitely result to a loss of asset. there are alot of altcoins out there and one need to be very careful as most of these projects are majorly shitcoins.

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November 18, 2023, 08:04:38 PM
 #35

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
I think there potential to make a real impact on the industry. Crypto currency has created potential inpact on humanity entirely. Starting from when bitcoin was created. Nobody believe in the future of bitcoin when it was created. Not until the price skyrocketed in the late 2016 - 2020. People started seeing the value and started investing on it. Many who baught at early days of bitcoin made alot from it now it has been adopted and ita dominance is about %50 so that is to tell you how it's potential is.

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November 18, 2023, 09:20:40 PM
 #36

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?
Old and known projects attract more attention than new projects because it was proven and tested already not only on their profit potential but also, on their use case. These projects have already established a reputation but never think it comes too easy and just like the project that you have mentioned -Cogitex, it needs more time to build such reputation and trust. People are smart already and yes, very practical in choosing an investment but the said project continues to show how good it was, it never takes so long to be recognized.

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November 18, 2023, 09:55:27 PM
 #37

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?
More and more people or parties are interested in cryptocurrency because of course crypto business really provides benefits in several ways. especially when we talk about money, everyone is definitely interested, right? Meanwhile crypto business is considered to be one of the most promising business fields at the moment, both for developers, traders, investors and other parties. So that day by day more and more people are interested in cryptocurrency. And this is also the reason why many scammers are interested in being here because it might be easy for them to get money in crypto from their victims.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.
I'm not quite sure about this platform. because currently there are more and more new platforms that are always offering their various positive brands or various advantages that they say are promising, but not necessarily actually realized. So, whatever that is, we must first understand what Cogitex is and also how it relates to what we want to get. Don't let us believe too much, do a long analysis here before actually using it. Maybe it is good and reputable platform,but  of course we must be more careful of anything.

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November 20, 2023, 07:48:01 AM
 #38

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.
You already said the answer to your question. It is because they are popular. And being popular can mean that they offer something great. I'm referring to the old projects here, because a new project can also attain a temporary hype. There are still some who has a potential and can sustain their momentum. We can also consider projects like this. Anyway OP, is Cogitex your own project?

I think its only chance to stand out among the crowd is that "Space Exploration" thing. But I know that this won't came into reality if without the support of the people first, because Space Exploration is not a joke. It requires good amount of money. You need to try your best to convince the people more to trust your project. Good Luck !!

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Septex
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November 20, 2023, 08:40:30 AM
 #39

One of the reasons why cryptocurrency has become popular is that it has proven its credibility with people. People are benefiting a lot through this and will continue to do so. Its promotion will gradually go to the point where people will know a lot about cryptocurrencies and start investing here.
ultrloa
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November 20, 2023, 08:52:25 AM
 #40

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.



Its because popular cryptocurrencies establish their own reputation that's why majority of investors have confidence that they will not rug pull by those established project. Unlike those  new ideas where people is not totally sure if there planned technology offered to people will really happen since commonly what happen to them is if they already accumulate millions of dollars in funds thru presale then usually they will not care about the whole thing and think about let their project die naturally by listing it on small exchange.

That's why many can't take the risk investing on new project since scamming is usually happen and its hard for new investor to fall on that traps since they would provably take time to recover since its hard for them to decide if they trust another project or not. So if they are new much recommended to anyone to go first on reputable crypto since it could give them more better results.

R


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