Why can Altcoins fail?

[LogitechMouse]

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One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.

I have an "almost" bad experience when it comes to this coin. I'll try to share it as short as possible.

Back in 2017, I really wanted to buy EOS. That time, it was the peak of the bull run and the price of EOS is at around $20. I tried to borrow money from somebody that I know from our community because I really want to buy some of it. He didn't let me borrow, and because of that, I didn't buy the coin. Luckily, that decline saved me because months after I tried to borrow, the price of EOS went down significantly. That was in 2018 where everything is going down. It's good that he didn't let me borrow because if I borrowed, I lost a huge amount of money and I'm continuing to pay that loan.

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

I'm not familiar with TRON being outdated because I'm not following that project either, but there are many projects that are being created under TRON blockchain, so I wonder despite it being outdated, there are still new projects being created under TRON.

[AprilioMP]

Conclusion

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

I don't recommend selling altcoins that people own including old altcoins like the OP mentioned because I don't know much about them.
The potential altcoins that are worth maintaining are Ethereum and BNB because these two types of altcoins have owners who are consistent with their future in the market.
I myself don't have much Ethereum and BNB stored in my wallet because my focus is only on Bitcoin as a future asset.

If it is in the personal opinion of each person in choosing coins that obsolete altcoins need to be sold, that is their right and if I were given the right to recommend, the Bitcoin that I would recommend to own is more with a percentage of 70% BTC and 30% altcoins such as ETH and BNB.

[SmartGold01]

Tron could so outdated but it's mostly used for transaction as it's the cheapest fastest means of transaction you can use TRX as the alternate of usdt payment through trc20-usdt. There are other coin i found as well that doesn't have any much value including NEO this are then days coin people were valuing so much and at least i can see wave coin a bit more better than neo but I think they are both same class and mostly launched either same year or thereafter.

[Doan9269]

Not all coins fails, but shitcoins do, we need to insight in identifying the difference from what a shitcoin is to a reasonable coin we may invest, that is one of the necessary things to do before investing, making research is as important as many things, we cannot afford loosing our investment on coins we know nothing about, because this same category are the ones that offer for free drops and later turned to scam, some projects may not be able to afford in meeting up to the required expectations for them to keep existing without failing, its more important that we consider the risk before we make an investment.

[Spaceman1000$]

Altcoins are not reliable for the long term, the successful tactics with alts is buying when no one is buying and selling when you are in profit, it is not something you cab hold for a long period of time.

If Bitcoin falls altcoins will lose value 2x, and even more, it is not a goof choice for a long term play obviously, but do not buy the idea that altcoins can't make you rich, the best money I made from crypto are all from altcoins, find the good ones and hold, when altcoins season begins you will be rewarded big time vs holding Bitcoin.

A Lot of this altcoin project where not even built for longevity, so finding the good one to hold might just be a waste of time. At best once you hold an altcoin for a short term and you've seen a seemingly double of your investment, you should take your profit almost immediately.

This kind of advise of waiting for an altcoin season to buy, is what has made a lot of people invest wrongly, we sometimes talk more about the success stories of how we where able to get good rewards from our altcoins investment, then talk less on the risk involved, just the way people that have invested in Tron are currently counting their losses, we should always balance the discussion by identifying the risk factors in some of this altcoins.

[Porfirii]

Although I don't want to read what the OP is saying, because I still hold some quite old coins that aren't worth a sat, still hoping for a comeback some day, he may be right and maybe the best strategy would be to sell them for a few bucks before they are totally worthless.

It is a very difficult decision to make, and as I still expect a new ATH for BTC and ETH this year or in 2025, I think that I will wait a few more months to sell the alts I mentioned above, just in case I regret...

[Peanutswar]

Many altcoins now listed in the market there's a lot of different purpose with those coins and of course if they don't get sustainable they will soon considered as a dead coin if you will see a potential with those coins you are watching and you think devs are still making a move to make sure their coin will get back on the track and get ride with the Bitcoin price there's a chance to get profit if not considered already as cut loss you don't need to hesitate anymore but this after of halving and the BTC will come reach another ATH seems still good to hold.

[DaMut]

Well you just have to accept the reality that all coins will be old because new ones keep coming everytime and what people are mostly interested in is the profit they will make. That's why the saying that don't marry a coin is valid so everyone should remember and take profit.

[o48o]

New innovation is leading to new Altcoins and developers anticipating innovation faster is a big part of development strategy.

Weed out old and outdated coins

Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.

A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of its old tech.

Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.

One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.

Conclusion

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

EOS was born with already insane marketcap at the time and a developer of it was famous for leaving his projects. And it was a bit too much everything, like . Sometimes less is more, and a focused purpose rather than building some "everything coin". And with tron, it's not just the bad code, but the man in charge too. People can smell the shady from miles away.

And Dogecoin doesn't even have developers, and it keeps on bouncing up and down. Code of it was never solution to anything new, and it should be very irrelevant, but for some reason, it keeps on going.

[TastyChillySauce00]

Being old in term of technology like TRON indeed plays a role in getting abandoned by market, however I think we all know that for the top altcoins like BTC and ETH, technology doesn't really matter, it could be having an outdated technology and it will still become coins with highest market cap.
The reality is, coin ranks change every bullish cycle except for these two coin which is BTC and ETH, it was EOS, TRON and other old coin that got ranked high back in the days, right now they are abandoned. In 5 years, we'd probably see coin like SOL, ADA, and TON abandoned.

so this just how the market works really, TRON as far as I know always trying to implement the trendiest technology but people just don't give a damn anymore about TRON technology.