Post
Topic
Board Altcoin Discussion
Re: Be careful with the hype
by
leea-1334
on 08/11/2021, 11:03:31 UTC
What statistics though? Bitcoin statistics did not show anything in early first few months.

By statistics I mean how good the coin is, it's utility, it's demand and how well is it doing in the current market.
Bitcoin was the first cryptocurrency hence it was inevitable to compare it's statistics with any other similar asset.But that's not the case these days.
Since there are many other cryptocurrencies we can easily compare a new coin/token with other cryptocurrencies to find out how well it is doing in the current market.


But as I said,,, all of those "how good" "utility" and "demand" statistics did not show up well for Bitcoin and anyway could not be reliable until many years later. And should still be a good comparison with today.

Just because token ABC has no statistics and XYZ has, does not mean one is better than the other. I can show you plenty of shitcoins with all kinds of high demand and "great tech" and zero utility yet they are doing well in price. Whereas some great coins OLD ones with utility like Gridcoin for years is helping actually scientific research and is not even easy to buy.