Is technology really important for investment decisions?

[KryptoBull]

Of course, project technology will determine the success of a coin/token. Because good technology that is needed by the community will make the project successful and this will have an impact on the token price increasing.

I highly doubt that statement. If technology is a decisive factor in token success, the better the technology, the higher the token price or market cap. However, we see many cases where the opposite is true: EOS has a good and stable DPOS but its market cap is currently #96, while SOL with a less stable POH is at #5, or DOGE using POW is at #9.

This means that good technology is only one part of creating market value for a token. If the project does not have good marketing or does not have the support of investment funds, investor confidence will decrease and the token price will not be able to be effectively supported. In addition to technology, I believe that the community, media, investment funds, and market makers also play an important role in the success of tokens and projects.

[Tristanerus]

Technology in investing is like having a quick, smart helper that makes everything easier and faster. It's super important for smart investing today.

[bitbit97]

Technology in investing is like having a quick, smart helper that makes everything easier and faster. It's super important for smart investing today.

If it was really like you say, then we wont see Dogecoin or any other memecoin high on top. What technology dogecoin uses to have its price multiplied many times? I would say that technology is important, but it is not the major factor for investors. You can own latest technologies, most up-to-date processes and solutions, but if there is no demand or no trend, all that will be useless. Example - there is a technology that let vehicles run on water (nearly 2/3 of worlds territory is water. almost endless fuel), or gas. However nobody invests on that, as everyone wants EV and people still use not endless petrol or diesel engines.

[dekafee79]

Technology in investing is like having a quick, smart helper that makes everything easier and faster. It's super important for smart investing today.

If it was really like you say, then we wont see Dogecoin or any other memecoin high on top. What technology dogecoin uses to have its price multiplied many times? I would say that technology is important, but it is not the major factor for investors. You can own latest technologies, most up-to-date processes and solutions, but if there is no demand or no trend, all that will be useless. Example - there is a technology that let vehicles run on water (nearly 2/3 of worlds territory is water. almost endless fuel), or gas. However nobody invests on that, as everyone wants EV and people still use not endless petrol or diesel engines.

Doge is the most popular mem coin because it is in the top 10 coins and shib is the second. I think this happens because there are famous people like Elon Musk who support the Doge coin with promotions that make other rich people interested in investing.

[bitbit97]

Technology in investing is like having a quick, smart helper that makes everything easier and faster. It's super important for smart investing today.

If it was really like you say, then we wont see Dogecoin or any other memecoin high on top. What technology dogecoin uses to have its price multiplied many times? I would say that technology is important, but it is not the major factor for investors. You can own latest technologies, most up-to-date processes and solutions, but if there is no demand or no trend, all that will be useless. Example - there is a technology that let vehicles run on water (nearly 2/3 of worlds territory is water. almost endless fuel), or gas. However nobody invests on that, as everyone wants EV and people still use not endless petrol or diesel engines.

Doge is the most popular mem coin because it is in the top 10 coins and shib is the second. I think this happens because there are famous people like Elon Musk who support the Doge coin with promotions that make other rich people interested in investing.

That only proves my point. There is no super technology behind dogecoin, but influencers managed to raise investors interest to dogecoin. No technology needed (that I person I quoted claimed to be highly suggested) to get rich. On opposite we saw lots of not demanded technologies that failed to make investors rich. For example robotaxi in San Francisco. Millions were spend on a technology to have taxies without drivers, and it all lead to traffic collapse.

[legend45]

That only proves my point. There is no super technology behind dogecoin, but influencers managed to raise investors interest to dogecoin. No technology needed (that I person I quoted claimed to be highly suggested) to get rich. On opposite we saw lots of not demanded technologies that failed to make investors rich. For example robotaxi in San Francisco. Millions were spend on a technology to have taxies without drivers, and it all lead to traffic collapse.

Influencers made Doge as popular as it is today, even though we know Doge doesn't have a good project. But not all the hype will last long if you don't have a project that is useful for many people, especially crypto users. although there are famous people who always support Doge's popularity, such as Elon Musk

[Google+]

Influencers made Doge as popular as it is today, even though we know Doge doesn't have a good project. But not all the hype will last long if you don't have a project that is useful for many people, especially crypto users. although there are famous people who always support Doge's popularity, such as Elon Musk

I don't think there is any influencer who fully supports Dogecoin apart from Elon Musk. Elon Musk is interested in Dogecoin because the supply of Dogecoin is very large and it is a very popular coin because the price is still relatively cheap. Before Elon Musk gave support, the price of Dogecoin was only around $0.003. After Elon Musk gave support to Dogecoin the price rose sharply to $0.687. I really hope there is more good news from Elon Musk for Dogecoin.

[Tribalchief]

That only proves my point. There is no super technology behind dogecoin, but influencers managed to raise investors interest to dogecoin. No technology needed (that I person I quoted claimed to be highly suggested) to get rich. On opposite we saw lots of not demanded technologies that failed to make investors rich. For example robotaxi in San Francisco. Millions were spend on a technology to have taxies without drivers, and it all lead to traffic collapse.

The crypto market is quite fair as it is now, given that only humans make decisive decisions that cause changes. I am not sure if the application of technology should be involved in everything, but I think it should have limits, especially in price-related aspects of cryptocurrency. The Doge project never really had a strong foundation at first, but with the help of influencers like Elon Musk, we could see how massive the turnout was among investors making purchases. I don't think there was anything special about Dogecoin until Musk started talking about it in public. Due to how important Musk is to society, it was easier for people to listen and make purchases. This same strategy can also work for any project that chooses to come out tomorrow, even if it's done by you, @bitbit97. Human/Influencers' opinions matter a lot and can cause faster changes to prices than supposed technology.

[rizqillah]

Influencers made Doge as popular as it is today, even though we know Doge doesn't have a good project. But not all the hype will last long if you don't have a project that is useful for many people, especially crypto users. although there are famous people who always support Doge's popularity, such as Elon Musk

I don't think there is any influencer who fully supports Dogecoin apart from Elon Musk. Elon Musk is interested in Dogecoin because the supply of Dogecoin is very large and it is a very popular coin because the price is still relatively cheap. Before Elon Musk gave support, the price of Dogecoin was only around $0.003. After Elon Musk gave support to Dogecoin the price rose sharply to $0.687. I really hope there is more good news from Elon Musk for Dogecoin.

Elon Musk's influence as a famous person is very big for Doge.  Elon as an Influencer who really supports doge and makes doge coins more famous.  He attracted many investors to invest in Dogecoin.  You're right, when Elon tweeted about Doge in the past, the price of Doge shot up.  He is truly successful as an influencer.

[emmybd]

Nowadays, technology is not just important but essential for investment decisions in today’s digital age. It enhances the ability to make informed decisions, manage risks, and ultimately, strive for better financial outcomes.

[Fivestar4everMVP]

Nowadays, technology is not just important but essential for investment decisions in today’s digital age. It enhances the ability to make informed decisions, manage risks, and ultimately, strive for better financial outcomes.

Needless say that I agree with you completely, and looking at the fact that cryptocurrency and blockchain are both built on the foundation of technology, I see no reason why the tech part of any project shouldnt be the major driving force for that project.
Bitcoin for example, succeeded on the grounds of technology, people saw it and liked it because, they saw a better way to send and receive money easily and in minutes, without any extra cost aside from the blockchain transaction fees, many adopted it and started using it for cross boarder transactions like paying for their children school fees abroad, sending money across countries for what ever reasons.

So, aside from investing in meme coins which i believe most of us already know that mostly, it's for quick profit purposes, every other project in crypto should be technologically backed, for the tech is what determines which project will succeed and which will not, so, the tech behind any project should be the number one thing we look at, then the team behind the project should be the second, that is, we should access them and know if they are capable of delivering what they are promising without fail, if this two pass, then we can check other minor stuffs before concluding whether to invest in that project or not.

[bitbit97]

Needless say that I agree with you completely, and looking at the fact that cryptocurrency and blockchain are both built on the foundation of technology, I see no reason why the tech part of any project shouldnt be the major driving force for that project.
Bitcoin for example, succeeded on the grounds of technology, people saw it and liked it because, they saw a better way to send and receive money easily and in minutes, without any extra cost aside from the blockchain transaction fees

Bitcoin is good example. It all started with technology and opportunities. What is Bitcoin now? I think that half of those who own it will answer "internet money" or "digital gold". They know little about technology. It is a speculative asset now. Many of those who own it, have zero knowledge about technology. In fact someone might have installed them wallet and add a card. All those people have done were making few taps and became investors of "what is on hype". A lot of people have difficulties explaining what Bitcoin is and how it works, but they surely know that "it is something that grows in value".

You see, completely different side of the coin.

[Gyrgen]

Technology in investing is like having a quick, smart helper that makes everything easier and faster. It's super important for smart investing today.

If it was really like you say, then we wont see Dogecoin or any other memecoin high on top. What technology dogecoin uses to have its price multiplied many times? I would say that technology is important, but it is not the major factor for investors. You can own latest technologies, most up-to-date processes and solutions, but if there is no demand or no trend, all that will be useless. Example - there is a technology that let vehicles run on water (nearly 2/3 of worlds territory is water. almost endless fuel), or gas. However nobody invests on that, as everyone wants EV and people still use not endless petrol or diesel engines.

Doge is the most popular mem coin because it is in the top 10 coins and shib is the second. I think this happens because there are famous people like Elon Musk who support the Doge coin with promotions that make other rich people interested in investing.

And where in all of this does the word “technology” or “manufacturability” appear?The fact that it is among the top popular ones, we already know, is it deserved from a technology point of view?We all know that the synonym for the word investor is money. This is what we should start from, no matter how sad it may sound. Or maybe there is a lot of technology in the memcoins that have proliferated?

[Freemind]

And where in all of this does the word “technology” or “manufacturability” appear?The fact that it is among the top popular ones, we already know, is it deserved from a technology point of view?We all know that the synonym for the word investor is money. This is what we should start from, no matter how sad it may sound. Or maybe there is a lot of technology in the memcoins that have proliferated?

I think your comments can have several points of view while still being true. It is true that when we talk about an investor, we talk about money. But, it is also true that where the most money is invested is in technology, since it is one of the most lucrative industries. The most ironic thing about all this is that the investor does not have to know anything about technology, since a large part of these investments are based on market studies and private analysis. So, from a general perspective, technology matters, even if it is not always understood in depth.

[Findingnemo]

If technology is the ultimate decisive factor the blockchains that is cheaper, faster should be dominating the market but why Bitcoin, because trust factor is more important that others, so in that case people trusted SOL even after the downtime and since it's not the first instance of happening then the holders already have an idea of what could be the result, so they just acted like nothing happened.