Post
Topic
Board Altcoin Discussion
Re: Buying old coins: Is it worth it?
by
Vishnu.Reang
on 09/08/2021, 05:00:12 UTC
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. Smiley

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%.