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SubscribeOf the top 10 crypto coins by market cap, which do you believe is most likely to fail, and why?
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#1
Of the top 10 crypto coins by market cap, which do you believe is most likely to fail, and why?
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#2
It's difficult to predict which coin would likely fail in the coming months.
Last edited by AbdulShiek; 07-10-2020 at 05:36 AM.
#3
If by fail you mean become virtually worthless with no future as a token for a blockchain in demand, I think the answer is probably Bitcoin itself. Almost every other chain works better than the original, and why not? That’s what innovation and building off the work of others is all about.
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#4
I see your point but for now, it is just hard to see other coins surpassing Bitcoin. Even with innovations, Bitcoin catches up with some improvements as well.Originally Posted by Alexthedefender04
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#5
Bitcoin will ultimately fail in long term perspective but hype around Bitcoin will continue to persist for some time longer, here are the four main reasons:
1. Transaction costs are too high, not usable for small payments
2. Not scalable, the number of transactions is still too low
3. Has become a centralised currency - mining is controlled by big pools, 70% of them are in China
4. Unsustainable electricity consumption
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#6
TRON, IOTA and Ripple.
TRON has no product, no client software and is just a hype. Why people invest money in something that doesn’t even exist does not make any sense to me. Bitcoin worked flawlessly for 10 years before people started believing.
IOTA does not work. Flaws have been found. Ton of problems with the wallet and transactions. Same point as before. Why would you invest money in something that does not work. Makes no sense.
Ripple. Pre-mined by rich banks. This is as close to a scam as it gets.
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#7
Maybe the new altcoins would most likely to fail. As per the coins that has long been established now, I think it would be hard for them to just fall.
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#8
If they are not able to attract investors (which mostly means they have not clearly sold the purpose of the coin), then they would really fail.
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