Post
Topic
Board Altcoin Discussion
Topic OP
We should not buy outdated and overvalued coins
by
Billo_
on 17/02/2021, 02:48:24 UTC
Doing Altcoins research is very important because right now, so many Altcoins are in circulation. A very important rules so far is:

Don't buy outdated and overvalued coins!

A coin needs to be innovative to be a successful coin. So far, projects are unfolding in several phases:

- Vision Project develops a vision / whitepaper
- Trial Project tries to deliever a solution based on "vision" / product development starts
- Result Project is presenting evidence (after development) if it's working or not

Most projects fail in phase "Trial" because it didn't work and team can't deliever. After no innovative result was presented, some projects start to get lower expectations and switch assumptions. Development takes ages and a good product is always only "promised" but will never come.
Now, marketing will take over a large part instead of real progress. Marketing is done to hide failures and present very litte progress as a huge success.

And finally, it will result in an outdated and overvalued coin. It's often very similar! And we need to know to stop buying such coins because price will go down later.


Outdated and not innovative coins so far:

- Bitcoin Cash
- Bitcoin SV
- Cardano
- EOS
- Tron
- NEM
...


We should instead decide for new, innovative coins:

- Ethereum 2.0
- Avalanche
- Cosmos
- ChainLink
...


Having a look at development history is a very important part of doing our own research!