CRYPTO STUDY WORLD

in #airhawk-project7 years ago

During this dip, I would implore you to figure out which coins are actually worthy of your investments. A coin existing does not give it value despite the current trading price. Such coins go down eventually. For a coin to truly shine among the 1000's of other ones, it needs to be USEFUL. Use will give it value. Redundancy does not give it value.

For example, let's say there's a flowercoin. This coin allows you to purchase flowers using exclusive flowercoins. You can even trade flowers with others using the blockchain. Sounds great on paper, but does it do anything bitcoin/litecoin doesn't already do? I can just as easily buy flowers with bitcoin/litecoin. It's redundant and not needed.

How about this real example, appcoin which allows you to buy apps with appcoin. Do you really think this will replace google or apple app stores? They are powerhouses. Why do we actually need appcoins to buy apps if I can just as easily use bitcoin/litecoin to buy apps? Redundant.

Now take ethereum, sia, qash, eos, neo, golem, etc etc..all coins/tokens that have real world use, and thus give them value. They do things bitcoin/litecoin can't do, and thus are not redundant. There are many coins like this. Einsteinium sounds way cool, but why can't we fund grants with bitcoin/litecoin? Partially redundant since most people wouldn't give up bitcoin for such use.

I would urge you to find the coins/tokens that have real world use. Not coins that sounds cool on paper. Personally I'm usually pumped up after reading a whitepaper, it takes me a couple hours to think, is this coin actually needed? Think about it critically. Invest in coins that have an actual chance in hell of being adopted. (Some coins like Vechain are already adopted, look into those too.)