What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news. On the price chart, we do not have a serious decline, even at the moment, SOL token is already traded at over 100 USD.
Blockchain is a decentralized network that operates 24/7/365.That's only half of it because there are so-called Private or Permissioned Blockchains. As the name suggest, there's an individual or a group that controls it.
Blockchain downtime is an extremely serious problem for users. This problem has existed for a long time and continues to need the Solana team to research and find a solution.Decentralized solution to a centralized problem?
What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news.That is because it happened when the there's optimism in the market. If this happened after the correction, the price probably would have dumped at least 20%.
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
Are you entering the crypto market to pursue technology or profit?Unfortunately, most investors enter for profit only and not because they are impressed by the technological project. Even Bitcoin, most investors are only concerned with the rise in price and do not look at the true value of the Bitcoin project and the technological revolution it has brought about in our lives.
For you, is the project's technology important to the investment decision?
Just as you said, if technology decided, EOS would already be the hegemon, but the investment story is not that simple. Investors care little about technology, they only care about their accounts, about profits, about the opportunities they can take in this market, enriching themselves and their families in real life.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability[1].
It’s one thing when a phone loses the network for a while, and quite another when the whole network goes down. This a priori should not happen, because there are a lot of network validators, and what knocked everyone out at once?This flaw significantly affects the distribution and use of crypto as a whole.On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability[1].
we cant do to always avoid anything that has to do with outage, just as i can remember this afternoon while with my mobile device engaging on trades and the network cease for more than 15 minutes, i couldn't help in this situation than to embrace my fate at that time in waiting patiently till it was restored back, there could be maintenance on a series occasion under routine management they may perform to ensure a smoot operations in their service, but i will encourage such to always be at night, less people will be affected during this time.
Technology is a great help and contribution to our lives, especially in this age. Now, if I look at the graph you gave here, it is a downtrend, and in the second image below, I see a new direction to go.
Then this SOL has recently shown a good performance in the market because the development it has shown is good, and that cannot be denied. Although there was a short decline in the market, it somehow recovered and will recover even more in the future
The technology depends or not depending on the mentality and ideas of each investor. If, as someone has said in previous posts, the only thing that matters is the price, the technology will not be of any interest to that person. On the other hand, if the investor is interested in new goals and new achievements in payment systems, digitalization, anonymity and living in a world with fewer borders than exist, the main thing will be technology. Unfortunately, most investors are only into cryptocurrencies for money, many of them don't even know how a blockchain works, not even in the most basic aspects.
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
Just as you said, if technology decided, EOS would already be the hegemon, but the investment story is not that simple. Investors care little about technology, they only care about their accounts, about profits, about the opportunities they can take in this market, enriching themselves and their families in real life.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
The network keeps shutting down, the price keeps increasing, this further confirms the independence of technology from the price chart, even though technology is used as a quite effective promotional tool.
1. I don't pursue technology, my goal is crypto, and profit :)
2. Technology is just an additional condition, not the most important thing leading to my investment decision. More important than technology is the community, partners, large backing funds, reputable team, positive price fluctuations, and market trends.
I want to hear your opinion on this issue:We can't deny that if you say it personally, of course you want profits. Moreover, this is similar to things in Real Life, namely making a profit.
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
However, technology is also one of the considerations that must be analyzed. Moreover, when we expect profits, where do the profits come from? This is why it is important for us to analyze projects that have high potential. One of them is seen from the technology.
Investors just want to gain profit, they only think about money. The business man and the government should think about crypto technology.
We can't blame the investors thinking because they just do invest and several of them do trading, but no care about the technology can be adopted in their lives. That's the fact
However, technology is also one of the considerations that must be analyzed. Moreover, when we expect profits, where do the profits come from? This is why it is important for us to analyze projects that have high potential. One of them is seen from the technology.
That's right, technology is also a consideration in analysis. As we know there are many new technologies in crypto, we can learn what they offer, before we invest. Does the project have enough potential, is the technology needed? We think about whether it can bring big profits if we invest in this project or not ?
That's right, technology is also a consideration in analysis. As we know there are many new technologies in crypto, we can learn what they offer, before we invest. Does the project have enough potential, is the technology needed? We think about whether it can bring big profits if we invest in this project or not ?What you have informed me is very true because when you want to invest in a project, you have to do research first to see who is behind it. Of course, the product being developed is in high demand and will be widely used by people or not, because so far there are only a few projects. which is successful because it has a very useful product.
We can't deny that if you say it personally, of course you want profits. Moreover, this is similar to things in Real Life, namely making a profit.I do not deny the importance of technology because crypto operates on blockchain technology and many Layer-1 and Layer-2 blockchains are gaining more users thanks to good technology such as Bitcoin, Avalanche, Arbitrum.
However, technology is also one of the considerations that must be analyzed. Moreover, when we expect profits, where do the profits come from? This is why it is important for us to analyze projects that have high potential. One of them is seen from the technology.
However, this is not the only factor because there are other factors.
I have only stated some facts that happen in this and any other industry. In all sectors there are people who only invest for money, which seems totally legitimate to me.The participation of profit-focused investors is an important part of every market, even in stock and commodity markets. Their trading activities create good liquidity and help the market operate more efficiently.
What you have informed me is very true because when you want to invest in a project, you have to do research first to see who is behind it. Of course, the product being developed is in high demand and will be widely used by people or not, because so far there are only a few projects. which is successful because it has a very useful product.Yeah, the law of supply and demand determines the token price. If demand is greater than supply, the token price will be very well supported! And demand depends on many factors: technology, investors, liquidity, media, price increase potential...
On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability[1].
Blockchain is a decentralized network that operates 24/7/365. Blockchain downtime is an extremely serious problem for users. This problem has existed for a long time and continues to need the Solana team to research and find a solution[2].
What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news.
On the price chart, we do not have a serious decline, even at the moment, SOL token is already traded at over 100 USD.(https://www.tradingview.com/x/jU8r3QuU/)
This makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!
Ultimately, despite the extremely heated debate with each other about the technology of projects in the market, investors participate in the crypto market to seek profits. As long as the token increases in price and generates profits, that token is considered good, potential, and worth investing in. Blockchain stability is not too important to investors, only a very few investors actually use blockchain. If so, it is just an investment action to make a profit, not to solve an irreplaceable need of life.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!(https://www.tradingview.com/x/MNZZw8wS/)
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
References:
[1] Solana Back Up Following Major 5-Hour Outage (https://www.coindesk.com/markets/2024/02/06/solana-network-suffers-brief-outage-sol-steady/)
[2] Solana Struggles: Understanding the Network’s Recent Outages (https://coinmarketcap.com/community/articles/65c2714d8fabc066a54885ee/)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5484461)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
do you really need to quote the whole thread just to post this single sentence post? that is spammy mate and try to edit each long post before commenting so it won't look flooding in the thread.`~snip~
Technology is a great help when it comes to investment ideal. However technology is just a tools to support and communication the prices of tokens and coins the price value depends on the buyer's and seller's.
Honestly, that's one of the things we think. Because this is one of the basic concepts of a project. Maybe it's not the main thing, but at least, this can be the basis for whether a project is successful or not, including its fundamental meaning, right? So yes, continue to struggle by analyzing several things related to the progress and development of a project. And if in doubt, leave it and we'll just go back to the top coins which is certainthe answer here is never engage in a project that you did not dig differ because its your money and might be lose because of laziness.
That's right, technology is also a consideration in analysis. As we know there are many new technologies in crypto, we can learn what they offer, before we invest. Does the project have enough potential, is the technology needed? We think about whether it can bring big profits if we invest in this project or not ?
This makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!
Investors always do research and consider the profits and losses if they spend funds, especially in large amounts, the research will definitely be repeated. technology is part of the consideration, and it is very important. As crypto lovers, we always see project developments annually, we have known about web3, metaverse, etc. So I agree with you mate..Becoming an investor is not easy, and of course they have to do more in-depth research so that the money they give to this project is not lost and will only harm investors. Usually, they will believe more in projects that can provide explanations in front of their own eyes, perhaps from the AMA or several meetings that are often held by a project to raise funds in several places.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!Eos is a legend of the so-called news pump, BlockOne company was very successful in promoting and raising capital from the dream community in 2017-2018. In the end, Eos had good technology and was still abandoned without further development, spurned by the market and its price kept falling and never raised its head. There are some good features invented by Eos that have been successfully learned by other projects and those projects have grown well thanks to good stories, but Eos alone is still stagnant and nothing is impressive enough or worth investing in.
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
Only projects which does have that development progress and having that changes or having those updates plus that there's a community that do still believe into the project then there would really be always those chances and probabilities that it would really be able to pump and this is something that would be the reason on why it would really be sustaining out itself into the market.QuoteThis makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!
I am not actually a right fan of solana but I must say sometime technology (Development) matters alots in price, I can reference coin such as litecoin, for years now I didn't see any further development and changes in this particular altcoin and hence there is no price action or reactions that either hit price to some certain that could be very attractive to investor even as that they don't care and people has started making move to pull most of their investment from that litecoin.
If there where no further development do you think Solana would gain this stability in price? No I don't think so, so since investors knew too well that the developer are solidly behind this project they don't mind just holding their bags tight instead to panic and sell they decided to HODL because #DevelopmentTeam are always there to back it up.
I am not actually a right fan of solana but I must say sometime technology (Development) matters alots in price, I can reference coin such as litecoin, for years now I didn't see any further development and changes in this particular altcoin and hence there is no price action or reactions that either hit price to some certain that could be very attractive to investor even as that they don't care and people has started making move to pull most of their investment from that litecoin.It is true that technological progression during the accumulation phase is necessary to maintain investor confidence in the future of the ecosystem. Solana has done this very well despite being negatively impacted by the collapse of FTX, while Litecoin has not shown any signs of growth.
If there where no further development do you think Solana would gain this stability in price? No I don't think so, so since investors knew too well that the developer are solidly behind this project they don't mind just holding their bags tight instead to panic and sell they decided to HODL because #DevelopmentTeam are always there to back it up.
Eos is a legend of the so-called news pump, BlockOne company was very successful in promoting and raising capital from the dream community in 2017-2018. In the end, Eos had good technology and was still abandoned without further development, spurned by the market and its price kept falling and never raised its head. There are some good features invented by Eos that have been successfully learned by other projects and those projects have grown well thanks to good stories, but Eos alone is still stagnant and nothing is impressive enough or worth investing in.The EOS price is still at the bottom, although all sorts of developments have been introduced but have not been able to attract users, cash flow, or media. EOS has a naming scheme that Near follows, adding huge power with speed, stability and super cheap fees, surpassing Solana many times but not receiving cash flow like Solana.
Chasing after technology is just dreaming, the reality of the market is much harsher. No matter how good the technology is, if the price does not increase or is not promoted, it will die because there are no users and investors.
The Solana team has built up trust and is very communicative to their community that if there are issues the community will support the team in fixing them, technology for me is very important it will keep the project in the market and it will not be questioned why it's still in the market, for a project to stay long it should have something to offer and the #DevelopmentTeam is very active in resolving issues something Solana kept doing.As you said, Solana still has many problems but the Solana team always acts quickly in notifying the community and fixing errors to restore the network. It is possible that the SOL token price is supported not by the health of the Solana blockchain but by the contribution of the Solana team that has made the community trust and continue to stick with this ecosystem.
Its normal issues when network of coins get shit down awhile and Solana network success recovery in short time, if you are BSC Scan coins trading or arbitrage get faced problem with their network shut down or delay more than several hours.Hopefully the Solana product will not experience another transaction outage because there are already quite a lot of users using transactions on the Solana network, and currently the development process is very far along, so the developers of the Solana project must immediately find out what the cause of this outage is, and hopefully it won't happen again because of the process. The outage lasted around 4 hours; from 10:00 to 14:00 UTC, all Solana network transactions were interrupted.
Many time sending coins BSC get process more than several hours later before the team fix it and transaction back to normal,
technology in some coins is very important when their network get shut down and fix it in short time without waiting very long.
For solana coin technology I don't scare because they have recovery as soon possible and right now Solana network running very well.
Its normal issues when network of coins get shit down awhile and Solana network success recovery in short time, if you are BSC Scan coins trading or arbitrage get faced problem with their network shut down or delay more than several hours.How can you complain about BSC's delay for hours and not about Solana with shutdown that could last for hours also? The recent major outage lasted for 5 hours. That's not a short time by any standard.
Many time sending coins BSC get process more than several hours later before the team fix it and transaction back to normal,
technology in some coins is very important when their network get shut down and fix it in short time without waiting very long.
For solana coin technology I don't scare because they have recovery as soon possible and right now Solana network running very well.
~Maybe not often but it will happen again in the future. It's just the way it was designed. It's like how banks, no matter how much they spend to improve their tech, will still have downtime.
Hopefully the Solana product will not experience another transaction outage because there are already quite a lot of users using transactions on the Solana network, and currently the development process is very far along, so the developers of the Solana project must immediately find out what the cause of this outage is, and hopefully it won't happen again because of the process. The outage lasted around 4 hours; from 10:00 to 14:00 UTC, all Solana network transactions were interrupted.
Technology is a great help when it comes to investment ideal. However technology is just a tools to support and communication the prices of tokens and coins the price value depends on the buyer's and seller's.
Technology not only supports and communicates token prices in investing, but there are many other functions that we get from technology in the crypto world.I agree, Because the existence of cryptocurrency only makes it easier for them to carry out transactions in purchasing products which are currently developing very quickly, because if you use the dollar currency, not all countries can use it and of course there are special needs that must be met. complete, whereas if you use cryptocurrency then transactions will be faster and easier.
Technology is also used in building crypto projects such as metaverse, web3, platform or chain etc.
So, I think technology is very important.
Its normal issues when network of coins get shit down awhile and Solana network success recovery in short time, if you are BSC Scan coins trading or arbitrage get faced problem with their network shut down or delay more than several hours.The rapid recovery of the network is a good sign that the Solana team fully masters the technology and continuously monitors the network to handle problems as soon as they arise. Investors can trust that the team is still working to perfect Solana instead of abandoning the FTX scandal!
Many time sending coins BSC get process more than several hours later before the team fix it and transaction back to normal,
technology in some coins is very important when their network get shut down and fix it in short time without waiting very long.
For solana coin technology I don't scare because they have recovery as soon possible and right now Solana network running very well.
Its normal issues when network of coins get shit down awhile and Solana network success recovery in short time, if you are BSC Scan coins trading or arbitrage get faced problem with their network shut down or delay more than several hours.The rapid recovery of the network is a good sign that the Solana team fully masters the technology and continuously monitors the network to handle problems as soon as they arise. Investors can trust that the team is still working to perfect Solana instead of abandoning the FTX scandal!
Many time sending coins BSC get process more than several hours later before the team fix it and transaction back to normal,
technology in some coins is very important when their network get shut down and fix it in short time without waiting very long.
For solana coin technology I don't scare because they have recovery as soon possible and right now Solana network running very well.
The impressive price increase of SOL token also helps investors become less angry and aggressive. Profits are always the best medicine for frustrations in the market!
On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability[1].
Blockchain is a decentralized network that operates 24/7/365. Blockchain downtime is an extremely serious problem for users. This problem has existed for a long time and continues to need the Solana team to research and find a solution[2].
What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news.
On the price chart, we do not have a serious decline, even at the moment, SOL token is already traded at over 100 USD.(https://www.tradingview.com/x/jU8r3QuU/)
This makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!
Ultimately, despite the extremely heated debate with each other about the technology of projects in the market, investors participate in the crypto market to seek profits. As long as the token increases in price and generates profits, that token is considered good, potential, and worth investing in. Blockchain stability is not too important to investors, only a very few investors actually use blockchain. If so, it is just an investment action to make a profit, not to solve an irreplaceable need of life.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!(https://www.tradingview.com/x/MNZZw8wS/)
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
References:
[1] Solana Back Up Following Major 5-Hour Outage (https://www.coindesk.com/markets/2024/02/06/solana-network-suffers-brief-outage-sol-steady/)
[2] Solana Struggles: Understanding the Network’s Recent Outages (https://coinmarketcap.com/community/articles/65c2714d8fabc066a54885ee/)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5484461)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
Are you entering the crypto market to pursue technology or profit?I existed in this cryptocurrency industry in the hope of gaining profit just to be honest. But as I am exploring and spending more time reading what others ideas have shared in the crypto community I now value the projects technology.
For you, is the project's technology important to the investment decision?
Personally, I'm in cryptocurrency to make money, as are many others. If the technology fails to generate profits, more than half of the crypto community will likely leave it. I understand that technology is quite important and greatly benefits us since it makes things simpler.
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
Personally, I'm in cryptocurrency to make money, as are many others. If the technology fails to generate profits, more than half of the crypto community will likely leave it. I understand that technology is quite important and greatly benefits us since it makes things simpler.As you said, many here seem to be doing the same thing as you, they are studying cryptocurrency wholeheartedly because they see the potential profits that can be obtained from cryptocurrency, so now more and more people are getting into it. The technology that is currently widely used is an exchange platform that has the highest number of users, such as Binance, which has an exchange platform that has a very high trading volume every day.
If I'm searching for a decent cryptocurrency to invest in, I always examine the technology and how useful it is for us. It's a type of basics that are essential while looking for the finest coin to invest.
I existed in this cryptocurrency industry in the hope of gaining profit just to be honest. But as I am exploring and spending more time reading what others ideas have shared in the crypto community I now value the projects technology.I agree, projects with good technology often get people's attention because they will operate stably, do not create problems for users, and promise strong price increases. I believe that most people come to the ABC blockchain because they think that if this blockchain is so good, there will be many users and investors, the price of its native coin will increase very quickly and create profits for them. I also chose the top coins that are native coins of the largest blockchains: BTC, ETH, BNB, SOL, ADA, DOT...
For me the projects technology is important to the investment decision it is because we need use cases for the system to fully perform so it will come up with better results to achieve the intended goals. Why do we have to waste our time investing into something not worth our money, time and effort right?
As you said, many here seem to be doing the same thing as you, they are studying cryptocurrency wholeheartedly because they see the potential profits that can be obtained from cryptocurrency, so now more and more people are getting into it. The technology that is currently widely used is an exchange platform that has the highest number of users, such as Binance, which has an exchange platform that has a very high trading volume every day.
Technology certainly has a big impact on our lives.We can safely say that technology has improved our lives.We are so connected with technology now. Solana's condition did not affect the market much because those who invested in it knew that it would return. So maybe it didn't collapse much.But from the front it has to be strong because such errors are really problematic.Once such errors hit the market it would have seen a major crash.Solan should be firmer in its place.Those who invested in sol may have known that it will be for some time and sol will come back again.So there is no volatility in the market.
Technology certainly has a big impact on our lives.We can safely say that technology has improved our lives.We are so connected with technology now. Solana's condition did not affect the market much because those who invested in it knew that it would return. So maybe it didn't collapse much.But from the front it has to be strong because such errors are really problematic.Once such errors hit the market it would have seen a major crash.Solan should be firmer in its place.Those who invested in sol may have known that it will be for some time and sol will come back again.So there is no volatility in the market.I always support the development of technology, because technology is making our lives more convenient and better, including conducting market research and investing to make profits.
Technology certainly has a big impact on our lives.We can safely say that technology has improved our lives.We are so connected with technology now. Solana's condition did not affect the market much because those who invested in it knew that it would return. So maybe it didn't collapse much.But from the front it has to be strong because such errors are really problematic.Once such errors hit the market it would have seen a major crash.Solan should be firmer in its place.Those who invested in sol may have known that it will be for some time and sol will come back again.So there is no volatility in the market.I always support the development of technology, because technology is making our lives more convenient and better, including conducting market research and investing to make profits.
The development of blockchain technology helps us experience high-speed and cheaper blockchains, but sometimes some problems can occur and affect the potential of the project and users experience or native token price. History does not move forward in a straight line, as I have stated, Solana outages have happened many times but the price of SOL continues to increase impressively and is now above 150 USD. Sometimes it seems that technological weakness cannot hinder the investment decisions of those who believe in Solana ::)
Solana's recent uptick in value and the notable gains over the past day coincide with the buzz generated by its associated memecoin project, Dogewhatif (WIF).
Notably, WIF supporters successfully funded $700,000 against their target of $50,000. They used the proceeds to feature the token’s logo on the Las Vegas sphere. Dogwifhat’s (WIF) price surged by 25%, hitting a new high of over $3 and reaching a market cap of $3 billion after the campaign.
Technology makes our work easier, the more technology we use at work, the easier it will be for us. Trading definitely requires the help of technology. The more technology we use in trading, the better we can understand trading and the easier it will be for us to understand it. If we keep the trading chart on the screen of the laptop and draw it, it will definitely be easy for us, but if we want to draw the same chart in the book, it will definitely be difficult for us. But it can be called the help of technology. Not only in trading but in every work if we use technology then that work will be easy and perfect for us.
Technology makes our work easier, the more technology we use at work, the easier it will be for us. Trading definitely requires the help of technology. The more technology we use in trading, the better we can understand trading and the easier it will be for us to understand it. If we keep the trading chart on the screen of the laptop and draw it, it will definitely be easy for us, but if we want to draw the same chart in the book, it will definitely be difficult for us. But it can be called the help of technology. Not only in trading but in every work if we use technology then that work will be easy and perfect for us.With the advancement of technology, there has been a major change in the way people work. Nowadays every work is heavily dependent on technology. Not a single job can be found without a touch of technology. Technology is now playing an important role in investment platforms as well. Especially those who trade now conduct technology based trading. It is definitely difficult for those who do not use technology in this age of technology to make profit this time. A trader must rely on technology to get detailed information about that asset when taking a new trade. A trader is not able to take good decisions by his own conscience and intelligence with the knowledge obtained by analogising all kinds of information but if he takes the help of the application then he will easily be able to take any decision quickly.
The function of technology makes it very easy for its users, we will always need it as times progress. unless we go back to ancient times :) In trading we really need technology to store charts, draw etcAll technology will switch to digital which has the nickname of user friendliness so that all transactions made will be easier with lower costs. In the past, this might have happened when there was a big war that ultimately destroyed technological civilization in the world. I believe humans will not do that and will continue the process of developing technology that will become increasingly sophisticated.
All technology will switch to digital which has the nickname of user friendliness so that all transactions made will be easier with lower costs. In the past, this might have happened when there was a big war that ultimately destroyed technological civilization in the world. I believe humans will not do that and will continue the process of developing technology that will become increasingly sophisticated.
Technology makes our work easier, the more technology we use at work, the easier it will be for us. Trading definitely requires the help of technology. The more technology we use in trading, the better we can understand trading and the easier it will be for us to understand it. If we keep the trading chart on the screen of the laptop and draw it, it will definitely be easy for us, but if we want to draw the same chart in the book, it will definitely be difficult for us. But it can be called the help of technology. Not only in trading but in every work if we use technology then that work will be easy and perfect for us.
Determining the potential of a particular blockchain very often lies not in the technological plane, but in the marketing one. There are a lot of examples, as you understand. Some paid marketers promote Solana, for example, but nothing stops them from then promoting Cosmos for example, for money. And there are a lot of good blockchains technologically, but without a good budget, they will remain unclaimed, because investors don’t understand this, they listen to what cunning marketers are pouring into their ears.Technology certainly has a big impact on our lives.We can safely say that technology has improved our lives.We are so connected with technology now. Solana's condition did not affect the market much because those who invested in it knew that it would return. So maybe it didn't collapse much.But from the front it has to be strong because such errors are really problematic.Once such errors hit the market it would have seen a major crash.Solan should be firmer in its place.Those who invested in sol may have known that it will be for some time and sol will come back again.So there is no volatility in the market.I always support the development of technology, because technology is making our lives more convenient and better, including conducting market research and investing to make profits.
The development of blockchain technology helps us experience high-speed and cheaper blockchains, but sometimes some problems can occur and affect the potential of the project and users experience or native token price. History does not move forward in a straight line, as I have stated, Solana outages have happened many times but the price of SOL continues to increase impressively and is now above 150 USD. Sometimes it seems that technological weakness cannot hinder the investment decisions of those who believe in Solana ::)
Technology makes our work easier, the more technology we use at work, the easier it will be for us. Trading definitely requires the help of technology. The more technology we use in trading, the better we can understand trading and the easier it will be for us to understand it. If we keep the trading chart on the screen of the laptop and draw it, it will definitely be easy for us, but if we want to draw the same chart in the book, it will definitely be difficult for us. But it can be called the help of technology. Not only in trading but in every work if we use technology then that work will be easy and perfect for us.
In anything we are putting into consideration in this present dispensation, we have to consider the technology involved, mostly when it has to do with the use of digital technologies, today, blockchain has brought about many changes in the digital world and cryptocurrency had made it all more simpler for the people to be able to transact their businesses and hold their assets in a more secured and decentralized form using the technology, we must learn to start receiving from such advantage and benefits these technology developments has brought to mankind.
I want to believe this but in crypto space today, are people really ready to this technological? Look at the shift of crypto demands, there is nothing technological about many coins that people are buying today but just hype and nothing more and when they list their coins on an exchange, people rush to buy then because they believe it's the next thing that will do 10x or even 20x of their investment.It is true that many tokens, like memecoins, do not need technology to quickly multiply by 10, or many technologically outdated projects can still grow strongly like ETC or ETHW. I think their price increase drivers are from media hype and whale manipulation. Not every token is so lucky!
The truth is that only few percentage of people here care much about the project, as king as their money is been doubled or tripled, they don't care about the tech and that's why you see more often of meme coins everywhere than projects that has real case adoption.
On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability[1].Technology is really a great tool when it comes to investment ideal and decisions. Tool like google search engines for you to make your research about the coin and get to understand the market analysis before jumping into conclusion.
Blockchain is a decentralized network that operates 24/7/365. Blockchain downtime is an extremely serious problem for users. This problem has existed for a long time and continues to need the Solana team to research and find a solution[2].
What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news.
On the price chart, we do not have a serious decline, even at the moment, SOL token is already traded at over 100 USD.(https://www.tradingview.com/x/jU8r3QuU/)
This makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!
Ultimately, despite the extremely heated debate with each other about the technology of projects in the market, investors participate in the crypto market to seek profits. As long as the token increases in price and generates profits, that token is considered good, potential, and worth investing in. Blockchain stability is not too important to investors, only a very few investors actually use blockchain. If so, it is just an investment action to make a profit, not to solve an irreplaceable need of life.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!(https://www.tradingview.com/x/MNZZw8wS/)
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
References:
[1] Solana Back Up Following Major 5-Hour Outage (https://www.coindesk.com/markets/2024/02/06/solana-network-suffers-brief-outage-sol-steady/)
[2] Solana Struggles: Understanding the Network’s Recent Outages (https://coinmarketcap.com/community/articles/65c2714d8fabc066a54885ee/)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5484461)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
The Solana team has built up trust and is very communicative to their community that if there are issues the community will support the team in fixing them, technology for me is very important it will keep the project in the market and it will not be questioned why it's still in the market, for a project to stay long it should have something to offer and the #DevelopmentTeam is very active in resolving issues something Solana kept doing.That is the reason about the popularity of solana nowadays started last year and up to now look at how much it grows for this coin.
That is the reason about the popularity of solana nowadays started last year and up to now look at how much it grows for this coin.I believe that all tokens are pumped and manipulated by whales, and technology is just one of many bases for that pump. We have Solana with 65k tps, we have Ethereum with DenCun, we have Cardano with Plutus v3... those are all news about technology being used to pump token price.
and about OP's question ? of course technology is what we always need to trust the project not unless we have Idea about the coin being pump and dump.
That is the reason about the popularity of solana nowadays started last year and up to now look at how much it grows for this coin.I believe that all tokens are pumped and manipulated by whales, and technology is just one of many bases for that pump. We have Solana with 65k tps, we have Ethereum with DenCun, we have Cardano with Plutus v3... those are all news about technology being used to pump token price.
and about OP's question ? of course technology is what we always need to trust the project not unless we have Idea about the coin being pump and dump.
In addition, we also have the fun stories of memecoins, we have the image of celebrities or investment funds, trial programs for millions of users... To be honest, everything seems to be a pump because when the downtrend comes, the token price has decreased dozens of times, that is the price that matches their true potential.
I think that all this has to have some associated technology, for the most famous who join the things that are for publicity and only what is most useful for them, 'that's why we saw Elon Musk with Doge, in fact all those who invested in Doge and they set a target of more or less 50%, they surpassed it and made more than enough, with the boost that he gave to DogeCoin it was something that no one will ever be able to forget, I also emphasize a lot about Solana, and it is one of the best investments that can be made In fact, the Solana network has been taken into account for the different projects, especially because of the lower transaction rates. I hope they continue like this and that they do not become saturated due to too many projects and what happens to all networks that become very congested. and they have to increase the rate.Yes, that's right, currently Solana is being considered by many projects because it is very easy to enter the Solana network and has very low costs which are also important considerations for cryptocurrency developers. Most likely Solana will have its own exchange which will probably be like Binance and make it easy for the price to increase.
Yes, that's right, currently Solana is being considered by many projects because it is very easy to enter the Solana network and has very low costs which are also important considerations for cryptocurrency developers. Most likely Solana will have its own exchange which will probably be like Binance and make it easy for the price to increase.
I think that all this has to have some associated technology, for the most famous who join the things that are for publicity and only what is most useful for them, 'that's why we saw Elon Musk with Doge, in fact all those who invested in Doge and they set a target of more or less 50%, they surpassed it and made more than enough, with the boost that he gave to DogeCoin it was something that no one will ever be able to forget, I also emphasize a lot about Solana, and it is one of the best investments that can be made In fact, the Solana network has been taken into account for the different projects, especially because of the lower transaction rates. I hope they continue like this and that they do not become saturated due to too many projects and what happens to all networks that become very congested. and they have to increase the rate.Yes, that's right, currently Solana is being considered by many projects because it is very easy to enter the Solana network and has very low costs which are also important considerations for cryptocurrency developers. Most likely Solana will have its own exchange which will probably be like Binance and make it easy for the price to increase.
I think that all this has to have some associated technology, for the most famous who join the things that are for publicity and only what is most useful for them, 'that's why we saw Elon Musk with Doge, in fact all those who invested in Doge and they set a target of more or less 50%, they surpassed it and made more than enough, with the boost that he gave to DogeCoin it was something that no one will ever be able to forget, I also emphasize a lot about Solana, and it is one of the best investments that can be made In fact, the Solana network has been taken into account for the different projects, especially because of the lower transaction rates. I hope they continue like this and that they do not become saturated due to too many projects and what happens to all networks that become very congested. and they have to increase the rate.Yes, that's right, currently Solana is being considered by many projects because it is very easy to enter the Solana network and has very low costs which are also important considerations for cryptocurrency developers. Most likely Solana will have its own exchange which will probably be like Binance and make it easy for the price to increase.
I also heard that Solana will develop its own exchange like Binance, with its own exchange Solana will be more popular than now. Currently, Solana technology is being adopted by many new projects, because many have the advantages of low costs and good speed. With these advantages, Solana can compete with Binance smart chain.
Investors may keep an eye on market fluctuations and get notifications in real-time regarding noteworthy occurrences or modifications to their investment portfolios thanks to technology. This makes it possible for investors to respond swiftly to changes in the market and modify their investment plans as necessary.
I also heard that Solana will develop its own exchange like Binance, with its own exchange Solana will be more popular than now. Currently, Solana technology is being adopted by many new projects, because many have the advantages of low costs and good speed. With these advantages, Solana can compete with Binance smart chain.I just know if Solana have a plan to have an own exchange. As long as it has low fees, I'm sure it will be one of the popular exchanges in the world in a short time. Solana showed a great progress in this year, it will have a big impact on the plan to own an exchange. It is the right time if they want to launch an exchange, but it should have a special thing. Sure, low fees and fast transaction are 2 major things that people mostly expect on an exchange.
You know that if it wasn't for the technology we have now, for sure Satohisa Nakamoto wouldn't have created Bitoin, and for sure we wouldn't be here in the business industry we are in today. And the internet is one of the only proofs of technology that has eased the work of all countries around the world.Yes, with the Internet that is available today, we can get everything we want easily. This is Satoshi Nakamoto's vision of the digital world which has the possibility of happening in the future until it finally happens like it is now.
And besides that, even for all the people around the world, it also helped a lot to have or ease the ways to find a life to have the opportunity to earn until now.
That is the reason about the popularity of solana nowadays started last year and up to now look at how much it grows for this coin.Solana can be very popular because the team is very active to improve many things in Solana. One of them is to improve their technology. Finally, we can see the impacts from the improvement, the price of Solana can increase very significantly. It showed a big interest from the investors in Solana future.
and about OP's question ? of course technology is what we always need to trust the project not unless we have Idea about the coin being pump and dump.Technology is one of the fundamental aspects on the project. Without technology, how the investors will trust the development on the project in the future? So no doubt that technology has a crucial role in a project.
Technology is one of the fundamental aspects on the project. Without technology, how the investors will trust the development on the project in the future? So no doubt that technology has a crucial role in a project.Exactly, all cryptocurrency digital currencies must be balanced with technology that is very useful for the people so that they continue to have demand on exchanges and still have a fairly high selling value. If they don't develop the technology then this project will collapse and be completely worthless.
Yes, cryptocurrency must have technology that is beneficial to society so that the coin survives. But some people prefer meme coins, because they like hype coins, while I myself don't know what the benefits of meme coins themselves are. Personally, I prefer coins that have their own platform, such as ethereum, BNB, Solana, etcTechnology is one of the fundamental aspects on the project. Without technology, how the investors will trust the development on the project in the future? So no doubt that technology has a crucial role in a project.Exactly, all cryptocurrency digital currencies must be balanced with technology that is very useful for the people so that they continue to have demand on exchanges and still have a fairly high selling value. If they don't develop the technology then this project will collapse and be completely worthless.
OP, from your topic you aske a question;I think we have more flexible answers, meaning that some investors will make decisions based on their belief in the technology. For example, the DenCun upgrade has made Layer-2 faster and more efficient, so they invest in ARB and OP. Conversely, there are also many investors who decide based on on-chain cash flow data and current trends: the memecoins trend is hot so they buy DOGE, SHIB, PEPE, BONK... They don't even care what blockchain those memecoins operate on.
Is technology really important for investment decisions? And my answer is yes. Technology has played a very crucial role in the crypto space, and in the society at large. Doe we trade basically to make profit, but that doesn't mean we should neglect the importance of technology too... looking back to our forefathers im the primitive era, they where not able to participate in crypto because of lack or low level technology. Imagine that there were no phones, laptops and other gadgets, crypto as a whole wouldn't even exist, and there will be no brokers too.
Technology is very important for investment decisions. 8)
OP, from your topic you aske a question;And in the crypto space, there are various types of technology on offer. technology here is also developing further, not only regarding technology that uses crypto as a means of payment but also various other things. Currently, blockchain networks are quite varied, and what's more, they compete quite fiercely, so that one project and another will definitely compete with their technology which is more sophisticated, faster, easier to use, and of course cheaper when used as a tool. transaction. And this technological development will also usually continue, but any project that is not able to keep up with its developments will be left behind by others. For this reason, technology is one of the things that needs to be taken into account when investing.
Is technology really important for investment decisions? And my answer is yes. Technology has played a very crucial role in the crypto space, and in the society at large. Doe we trade basically to make profit, but that doesn't mean we should neglect the importance of technology too...
The technology that users need will remain and of course the coins and projects will be more popular. There are lots of technologies in the crypto world, we also see new projects with new technologies. The question is whether the technology is really usable by users or not?OP, from your topic you aske a question;And in the crypto space, there are various types of technology on offer. technology here is also developing further, not only regarding technology that uses crypto as a means of payment but also various other things. Currently, blockchain networks are quite varied, and what's more, they compete quite fiercely, so that one project and another will definitely compete with their technology which is more sophisticated, faster, easier to use, and of course cheaper when used as a tool. transaction. And this technological development will also usually continue, but any project that is not able to keep up with its developments will be left behind by others. For this reason, technology is one of the things that needs to be taken into account when investing.
Is technology really important for investment decisions? And my answer is yes. Technology has played a very crucial role in the crypto space, and in the society at large. Doe we trade basically to make profit, but that doesn't mean we should neglect the importance of technology too...
The technology that users need will remain and of course the coins and projects will be more popular. There are lots of technologies in the crypto world, we also see new projects with new technologies. The question is whether the technology is really usable by users or not?
If technology is that important for th growth of a coin, why are we having meme coins, why are meme coins so demanding and price than even project that has blockchain and are been patronized than even layer 0,1, and 2? It's simply because nobody cares about what project is about, they prefer what the will run in price under a month and get all the profits they want to have. To say that more meme coins are been listed than even normal projects need to be study because people are virtually moving from what crypto is even about.I think that popularity of meme coins in cryptocurrency market shows that many people are more interested in making quick money than in technology behind coins. Meme coins have funny names and get lot of attention from investors who want to make money fast in the market. Sometimes meme coins are worth more and want more than coins with good technology and real uses. It is worrying that there are more meme coins being added than regular projects and in my point of view they are destroying market.This shows that people care more about hype and quick money than basics of cryptocurrency. This could be bad for industry and make it riskier for investors. By the way meme coins can give fast profits it is important to think about how long project can last and if it can solve real problems. Real value of cryptocurrency comes from its technology uses and ability to help people and in real world not just from hype and quick money.
Maybe when we think about the technology of a coin, we think about the long term of that coin. If you only compare it with meme coins which need hype to increase their price, it is only short term. that's up to you. want to invest long term or short termThe technology that users need will remain and of course the coins and projects will be more popular. There are lots of technologies in the crypto world, we also see new projects with new technologies. The question is whether the technology is really usable by users or not?
If technology is that important for th growth of a coin, why are we having meme coins, why are meme coins so demanding and price than even project that has blockchain and are been patronized than even layer 0,1, and 2? It's simply because nobody cares about what project is about, they prefer what the will run in price under a month and get all the profits they want to have. To say that more meme coins are been listed than even normal projects need to be study because people are virtually moving from what crypto is even about.
Maybe when we think about the technology of a coin, we think about the long term of that coin. If you only compare it with meme coins which need hype to increase their price, it is only short term. that's up to you. want to invest long term or short termWe do not deny the importance of technology, and technology is an effective way to promote and support the price increase of tokens, but technology is not everything.
Maybe when we think about the technology of a coin, we think about the long term of that coin. If you only compare it with meme coins which need hype to increase their price, it is only short term. that's up to you. want to invest long term or short termThe technology that users need will remain and of course the coins and projects will be more popular. There are lots of technologies in the crypto world, we also see new projects with new technologies. The question is whether the technology is really usable by users or not?
If technology is that important for th growth of a coin, why are we having meme coins, why are meme coins so demanding and price than even project that has blockchain and are been patronized than even layer 0,1, and 2? It's simply because nobody cares about what project is about, they prefer what the will run in price under a month and get all the profits they want to have. To say that more meme coins are been listed than even normal projects need to be study because people are virtually moving from what crypto is even about.
Whether altcoins or meme coins, they are used for hype among community investors. That means the hype is part of all the cryptocurrencies we see. Because if hype is not used, a coin will not advance.The price of any token is currently supported by investor confidence, and that confidence is often formed from the information they hear. Whether it's good technology, high speed, low transaction fees, or widespread acceptance, these are all positive news and suggest the possibility of a price increase in the future.
Of course, what the community investors are looking for is a new development in a coin and plans for it, because with meme coins, there is just a higher risk here most of the time compared to altcoins.
Technology is one of the fundamental aspects on the project. Without technology, how the investors will trust the development on the project in the future? So no doubt that technology has a crucial role in a project.Exactly, all cryptocurrency digital currencies must be balanced with technology that is very useful for the people so that they continue to have demand on exchanges and still have a fairly high selling value. If they don't develop the technology then this project will collapse and be completely worthless.
If we are talking about having something like an innovative new token, then yeah it makes sense to have a good investment on something that is leading the development. But the problem is that a million copycats will follow it and that's the problem. You need to find the best one in that new development thing, not always the first one because while sometimes first ones are liked and invested and goes high, the really high ones are the best ones that come a little later. For example uniswap wasn't the first, but it was the best so it got super high, figuring that out is very hard, you should focus on that.You are right, every time there is a new technology we will always see imitators. That's why we have to be careful before investing, do real research and look at the project and the team. My advice is not to invest in new projects or technology if we are not ready to lose, because the risk is greater
Sometimes new projects that have almost the same technology can provide many benefits that can be obtained, many have already benefited from this method, what is clear is that there must be more in-depth research on the project you want to participate in so that you can minimize the losses or risks that exist.If we are talking about having something like an innovative new token, then yeah it makes sense to have a good investment on something that is leading the development. But the problem is that a million copycats will follow it and that's the problem. You need to find the best one in that new development thing, not always the first one because while sometimes first ones are liked and invested and goes high, the really high ones are the best ones that come a little later. For example uniswap wasn't the first, but it was the best so it got super high, figuring that out is very hard, you should focus on that.You are right, every time there is a new technology we will always see imitators. That's why we have to be careful before investing, do real research and look at the project and the team. My advice is not to invest in new projects or technology if we are not ready to lose, because the risk is greater
You are right, every time there is a new technology we will always see imitators. That's why we have to be careful before investing, do real research and look at the project and the team. My advice is not to invest in new projects or technology if we are not ready to lose, because the risk is greaterWe can see this clearly when following the Layer-2 projects on Ethereum. They have similar optimistic rollups technology and only the top projects like Arbitrum, Optimism, Blast, Base, Starknet have strong users and cash flow. New projects often do not have support from large investment funds, do not have users and are not carefully audited. Investors will need to be cautious when approaching and using these solutions to avoid the risk of rug-pull or attacks that steal users' assets.
Technology is one of the fundamental aspects on the project. Without technology, how the investors will trust the development on the project in the future? So no doubt that technology has a crucial role in a project.Exactly, all cryptocurrency digital currencies must be balanced with technology that is very useful for the people so that they continue to have demand on exchanges and still have a fairly high selling value. If they don't develop the technology then this project will collapse and be completely worthless.
Yea, the success of a project also depends on its technology, for example some people invested into some coin because of the blockchain network it was louched on. Some people prefer Ethereum chain, some prefer Solana, some prefer BNB and everyone usually have their reason for their preference. Lately their was a hype around Solana based project which made some people to start investing mostly on Solana based coins, same thing happened last year too with polygon network.
The technology we have today is actually a bit strange, and what I often see related to cryptocurrency are those in gaming technology under Solana,Blockchain technology is not only a way to tokenize and deploy games with attractive rewards, it is also a platform to build Dapps, store data, consensus mechanisms, DAO... GameFi is just 1 of many interesting applications that we can explore.
the Ethereum network, and others. And I also see a lot of new games now that can be said to be really good.
The problem is that I am not a gamer. This is only in favor of gamers or streamers of games; if there is any interest, the investors will probably only pay tokens not to play here. That's how high the technology we currently have is.
It is very difficult to research new projects because the risks are quite large. Even if the project is successful and brings benefits to many people, especially crypto lovers, the project will be more popular and used by many users.Sometimes new projects that have almost the same technology can provide many benefits that can be obtained, many have already benefited from this method, what is clear is that there must be more in-depth research on the project you want to participate in so that you can minimize the losses or risks that exist.If we are talking about having something like an innovative new token, then yeah it makes sense to have a good investment on something that is leading the development. But the problem is that a million copycats will follow it and that's the problem. You need to find the best one in that new development thing, not always the first one because while sometimes first ones are liked and invested and goes high, the really high ones are the best ones that come a little later. For example uniswap wasn't the first, but it was the best so it got super high, figuring that out is very hard, you should focus on that.You are right, every time there is a new technology we will always see imitators. That's why we have to be careful before investing, do real research and look at the project and the team. My advice is not to invest in new projects or technology if we are not ready to lose, because the risk is greater
It is very difficult to research new projects because the risks are quite large. Even if the project is successful and brings benefits to many people, especially crypto lovers, the project will be more popular and used by many users.Difficult Sentences are only used for those who don't want to try as hard as possible to find information, even though when you are connected to the internet all the information you want will be easy to find, you just need to use the intelligence we have then you will know whether the project has potential or not, scam or not. Basically, every time you want to invest, you have to research in more depth first the project they are developing.
If you have experience in researching new projects, it's best to share it here because many people don't have the knowledge and experience in conducting new project research. Because I myself also experience difficulties in being able to accurately predict the sustainability of a new project, you have to look at the fundamentals and the team behind the project. I chose top coin because its reputation already existsIt is very difficult to research new projects because the risks are quite large. Even if the project is successful and brings benefits to many people, especially crypto lovers, the project will be more popular and used by many users.Difficult Sentences are only used for those who don't want to try as hard as possible to find information, even though when you are connected to the internet all the information you want will be easy to find, you just need to use the intelligence we have then you will know whether the project has potential or not, scam or not. Basically, every time you want to invest, you have to research in more depth first the project they are developing.
- Honestly speaking, we all know that before technology did not grow, people around the world were still able to survive. But the technology we have now is really a big difference.I agree that technological advancements have helped us work, live, and experience better, or simply that thanks to the internet and blockchain, we can invest in crypto to generate profits. So do you think that the price of a token supported by good technology will definitely increase? Or does the project's technology determine what percentage of success on the token price chart?
especially when we had the internet, it made it easier and easier for people to earn money, and the work of most people even in all the companies around the world became easier.
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.- Honestly speaking, we all know that before technology did not grow, people around the world were still able to survive. But the technology we have now is really a big difference.I agree that technological advancements have helped us work, live, and experience better, or simply that thanks to the internet and blockchain, we can invest in crypto to generate profits. So do you think that the price of a token supported by good technology will definitely increase? Or does the project's technology determine what percentage of success on the token price chart?
especially when we had the internet, it made it easier and easier for people to earn money, and the work of most people even in all the companies around the world became easier.
It cannot be denied that technological developments have many positive sides for us. The existence of the internet makes it easy for us to do things as long as we follow developments. For people who don't want to learn, I think it's very detrimental for them because they can't take the opportunity.- Honestly speaking, we all know that before technology did not grow, people around the world were still able to survive. But the technology we have now is really a big difference.I agree that technological advancements have helped us work, live, and experience better, or simply that thanks to the internet and blockchain, we can invest in crypto to generate profits. So do you think that the price of a token supported by good technology will definitely increase? Or does the project's technology determine what percentage of success on the token price chart?
especially when we had the internet, it made it easier and easier for people to earn money, and the work of most people even in all the companies around the world became easier.
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.
Technology in investing is like having a quick, smart helper that makes everything easier and faster. It's super important for smart investing today.
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.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.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.
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
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 MuskI 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.
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.
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.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 MuskI 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.
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.
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
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?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.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.
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 agree, it’s a kind of dualism. In fairness, it should be noted that investments are also being made in truly technological projects; it’s just that if they grow in price, it’s not like the same memcoins do, and there is a certain paradox for me in this. I think you yourself understand perfectly well that There are powerful and necessary projects in technological terms, but they are not even close in capitalization to the same notorious memcoins.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.
I agree, it’s a kind of dualism. In fairness, it should be noted that investments are also being made in truly technological projects; it’s just that if they grow in price, it’s not like the same memcoins do, and there is a certain paradox for me in this. I think you yourself understand perfectly well that There are powerful and necessary projects in technological terms, but they are not even close in capitalization to the same notorious memcoins.
It seems to me that this moment can destroy the industry if you look far into the distance. This can develop into something like shares or securities of some enterprises that appear and are stamped to inflate a soap bubble. Well, or something completely extraordinary will happen and all these memcoins and other crap will collapse and normal projects such as the ether of the solanum of the atom, etc. will remain.I agree, it’s a kind of dualism. In fairness, it should be noted that investments are also being made in truly technological projects; it’s just that if they grow in price, it’s not like the same memcoins do, and there is a certain paradox for me in this. I think you yourself understand perfectly well that There are powerful and necessary projects in technological terms, but they are not even close in capitalization to the same notorious memcoins.
What you say is one of the biggest problems (I always speak from my point of view) of the cryptocurrency industry. That there are few truly innovative projects but they barely have the capitalization and investment of some memecoin that has just appeared on the market. That's why I try to avoid new "projects" added on CoinGecko and CoinmarketCap, because there are really very few projects that are launched in months and dozens of memecoins daily with many millions of investment. Unfortunately, for many people, quick money takes priority over innovation in the industry, and it's something I can understand, to a certain extent.
Coins that have projects that are useful for users such as ethereum, BNB, Solana, etc. will still exist and last a long time if the team always improves their projects. Meme coins are not a good choice for the long term, but they can provide quick profits in the short term if you buy them at the right time.It seems to me that this moment can destroy the industry if you look far into the distance. This can develop into something like shares or securities of some enterprises that appear and are stamped to inflate a soap bubble. Well, or something completely extraordinary will happen and all these memcoins and other crap will collapse and normal projects such as the ether of the solanum of the atom, etc. will remain.I agree, it’s a kind of dualism. In fairness, it should be noted that investments are also being made in truly technological projects; it’s just that if they grow in price, it’s not like the same memcoins do, and there is a certain paradox for me in this. I think you yourself understand perfectly well that There are powerful and necessary projects in technological terms, but they are not even close in capitalization to the same notorious memcoins.
What you say is one of the biggest problems (I always speak from my point of view) of the cryptocurrency industry. That there are few truly innovative projects but they barely have the capitalization and investment of some memecoin that has just appeared on the market. That's why I try to avoid new "projects" added on CoinGecko and CoinmarketCap, because there are really very few projects that are launched in months and dozens of memecoins daily with many millions of investment. Unfortunately, for many people, quick money takes priority over innovation in the industry, and it's something I can understand, to a certain extent.
Coins that have projects that are useful for users such as ethereum, BNB, Solana, etc. will still exist and last a long time if the team always improves their projects. Meme coins are not a good choice for the long term, but they can provide quick profits in the short term if you buy them at the right time.
Honestly for Crypto these days, tech isn't really important. What is important is the hype, the community and backers. You can some solana meme coins outperforming coins with real use case. I do buy these memecoins too and whenever I see good profit, I take it. And sometimes, I use Bitget smart portfolio to automatically take profit from any memecoin listed on the Exchange.In fact, at this time it is so, coins with good enough utility are even inferior to memecoins which are just entertainment coins and do not have any utility.