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Author Topic: Usability, the real engine behind any crypto price  (Read 584 times)

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Usability, the real engine behind any crypto price
« on: August 14, 2018, 01:47:49 pm »
There is no doubt that speculation is why cryptos go up and down,
Like with fiat money, the value of a coin is to be able to use it somewhere, otherwise there is no reason for having it.

some coins like "Ethereum" have a strong usability case, but for the majority of altcoins there is not.

I have been observing some tokens that even after launching their products failed to increase their value, simply because the demand on their products was not strong enough for the token price to take off.

for coins/tokens to be really valuable, you need to have a usability that can have mass adoption, anything else is just speculation.
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Usability, the real engine behind any crypto price
« on: August 14, 2018, 01:47:49 pm »


CryptoZenWorld

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Re: Usability, the real engine behind any crypto price
« Reply #1 on: August 20, 2018, 10:19:18 pm »
You are absolutely right admin. The demand of product or services can increase the price and stability of the token/coin. But if the demand decrease as usual price also decreases. So, market adoption is very important for a project.
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Re: Usability, the real engine behind any crypto price
« Reply #1 on: August 20, 2018, 10:19:18 pm »

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Re: Usability, the real engine behind any crypto price
« Reply #2 on: August 22, 2018, 07:13:38 am »
If usability was the highest standard, would EOS and Steam really be 1 and 2? I think this is somewhat true but needs atleast some closer examination... you could certainly say something like Steam has more real-world value over Bitcoin cash or Ethereum Classic though, for sure. 
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Re: Usability, the real engine behind any crypto price
« Reply #3 on: August 24, 2018, 06:42:41 pm »
Another important aspect: Several projects are tokenized without a real need. Blockchain is a great innovation, but it does not mean that it should be applied to everything.
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Re: Usability, the real engine behind any crypto price
« Reply #4 on: September 14, 2018, 09:06:16 am »
Indeed. For the coin like Ethereum, it should be always useful since it is used by many parties in crypto system. Its usability makes people believe in holding the coin. On the other hand, new coins with weak product concepts make people not so sure about the continuity of the product at future. It sometimes becomes one of the factor to make an ICO fail.
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