Bitcoin Forum

Hi Folks,
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.

what do you think?

How does cryptocurrency success?

Basically people wants good project and those coin who succeed are the very best example of great service and technology. Imagine who will invest in a coin with a very least service. Cryptocurrency is clearly the future and in order for them to succeed they must be competitive when it comes to developing great system.

Good project with professional team with practical product that provides some utility and use case can be successful, most ideas will not provide much use cases for people so they can just go down in coming months.

Most of arw failure because of the project. Some projects no idea, nothing implemented so there are definitly get worse.

A coin has great team and great concept they go to the moon. For example you can see wabi 😋 , the team is very perfect and concept is very powerful.


If you going to invest in coin. We have to see everything. Otherwise its useless investment

Filter out all the scams, pump and dumps, and s**tcoins, and you will be left with a handful of good ones. Look at the team, roadmap, and go for the ico's that will deliver a promising product. Otherwise, look at existing coins that are undervalued with potential pumps e.g LISK, NEO, etc..

Nice concept, accepting and use by a wide range of users.

I like to analyse altcoins like an angel investors would analyse an early stage startup before a seed investment. It's also important to understand what the token/coin represents in their business model, since this is metaphorically your contract in terms of ROI.

So, basically you look for good startups. Team, background, market, value proposition, etc. Plenty of awesome materials in the internet about this.

Also, there are some basic sources of information that you always might want to look for:
_Official subreddit or place where the community is
A good topic is where a good discussions is, so always look for the comments and not only the topic itself. Find where the devs/team are and follow their posts.
_Official communication channels
Slack, Twitter, Telegram, Discord
_Official documentations
Whitepaper and Roadmap
_Official Github
The cherry on the cake, if you know what the heck is in there.

edit: Edited to add some sources of information.

Because some of the altcoins not created to be a susscesul project instead the owner is aiming to scam the user. And what defines how successful project is by watching the market reaction and how the potential of the project.

Every altcoin has some changes in the project that means some of the companies are supporting to the altcoins. These altcoins are great success in the crypto market.
 Because MNC companies are spread to world wide market so automatically demand and values are increase in the market. This is the actual reason in the cryptocurrency.

First of all, a cryptocurrency needs to offer good tech--not some cloned, banal crap coin. With that, people will trust it and believe that it will offer benefit to them in the future. That is important since the trust of the people is what makes a currency valuable in the first place. That goes without saying that the developer needs to be competent as to always make the project a better version of itself.

I think the trust of people is what makes a curreny valuable in the first place and the people will trust it that is important.

A project with a good idea and vision to improve more the lives of target market, backed up with a great team with one vision of achieving same goal will definitely make noise and can get the trust of people in cryptocurrency. It is important that the goal of the coin is imaginable and within the reach to become reality. While a failure can be rooted with a project that lack with 2 things 1) good vision and 2) a team workinh togethe to achieve it.

Most cryptocurrencies which became succesful are those tokens backed-up by a good project. Aside from that, successful cryptocurrencies got a supportive community. The community is the one who gives a token its current value. Without a good community, a token will just be a token. A token without function is useless. Thus, it becomes a failure. We should also take note that most cryptocurrencies fail not because their vision isn't great, it's just because these coins were just used to gain profit by those greedy devs.

Crypto failures that we see very often are when projects that support those tokens do not have gaps with needs, so not many people glance at the project. although it has been supported by a great promotional team the project still and the token will be garbage

Reason behind the success is that cryptocurrency offers a solution for some kind of problem,or at least a cheaper way of doing something instead.Good devs that produce on time and on schedule are needed for currency to sucsed.Decentralisation is also need to that currency can evolve and adapt on the needs of the society

I disagree. This seems rationally true, yes, but I guess this was the case a long time ago, when the new things were appearing and becoming popular because of being useful. Basically, this is ethereum success story. Today we have too many things and it's hard to say how much needed they are. The team can be great but the project can still fail due to the lack of captured interest. I think what matters most nowadays is advertising and active development covered by the news.

first you need to define "success" because there is no clear definition somewhere for this word when you use it for a cryptocurrency.

most people consider being successful as having a higher price or getting pumped a lot.
well that is true if you define cryptocurrencies as temporary investments that you want to use to make money in short term. in which case enjoy the pump and dumps and 99% of the altcoins are successful!

but is money the only thing that matter?
i say no. the thing that defines a successful cryptocurrency is when they start acting as a crypto "currency"! meaning when they are really adopted as a currency and you see real merchants in real world accept them as payment.
so far i only know bitcoin is being adopted. then on a very smaller scale litecoin and on a much smaller one some other altcoins.
in this case i say only 5% of altcoins are successful!

Successful coins has products in real life,utility or services that maybe uselful for our daily life,most of failed coins has no use at all.

The success has so many definitions, You can try to determine the success of ico through various factors. just like ROI since ico and market capitalization or the product itself. Some are developing the project seriously and another failure project just tries to make it as a joke.

I believe it is all about the faith from the people. Success is building with the trust of the people and when people started believing something success is not far for that specific thing.

People cannot invest in all the currencies as you mentioned that there are more than 1000 coins in the markets, so it is not possible for the people to invest in all because of the limited resources. That’s why only those succeed in which people come forward to trust and invest the most.

In cross perspective, when more number of people will be adopting cryptocurrencies, I guess, even non trust worthy coins also may find its success as people just look for their returns but not the reason and need of a coin.

The success of a crypto currency depends on many factors such as its growth, potential, the value of thw coin and the project, the gains etc... If a project is good then it has better chances to be successful since the investors mostly invest only in projects which has a good scope of being implemented and utilized in future. So a good project has many investors and hence the price of the coin  becomes good while starting the trade. Coins whose projects are just a crap turn out to be a failure and becomes shitcoins. Coins with good potential generally gains more over the time.

In my opinion, the success depends on the team, the campaign manager, investors, and those who work to advertise the cryptocurrencies such as the bounty workers

Cryptocurrencies backed by the rise in their demand (i.e. use) are successful. The others are not, but some of them that still have a capability to grow due to a project's achievement and further development have a chance anyway.

The main thing why a coin will always thrive. Unless for a shitty investor, no reasonable investor in his right sense and mind will want to invest in a coin without a working product or a team that is trustable enough to get the ground rolling to at least make it worthwhile in the future.

The fact that some coins will never do well is because the team really had no vision and all they wanted was the money anyway.

So many coins are dead today and so many will still be dead as long as the teams behind the coin or the project are just there to play around. It takes a lot of work building a product and for a product backed coin that is going to be useful in the community, it would be hard not to see such a coin succeed and vice versa. This is why every investor should always be careful not to just pick any coin to invest.

We should see most of those altcoins like companies. Most companies are thriving today, some are just there doing their thing slightly while some have gone bankrupt, and dead while leaving the stake holders with nothing but the history. That is just how the alt markets are and it should always be expected that not all coins will succeed and that is totally based on the team, a working product and how relevant the coin is.

Successful coins has products in real life,utility or services that maybe uselful for our daily life

i think cryptocurrency can be success like recently because since the day it is created as a new way of money based on blockchain platform and using internet only, no paper money at all with many advantages than paper money or gold, it has been supported by the community more and more until today.

Some coins' innovations are the ones that help them to make it through, some coins are just duplicate of others or does not have any reasonable applications at all. The companies that manage those coins are the ones that are responsible for its success or failure. You can actually predict if a coin is going to be successful or not by researching about it, not just the price.

It is successful because people are open minded. They are open for change and alternative ways of earning and spending money.

Successful ICO has A product that can be used and applied in real life . The team is consisting of good and well experienced people that knows what their doing especially on blockchain technology. It has a good and Well explained Announcement Thread here in Bitcointalk forum, it consist a good quality and well explained the product that they are selling on their Whitepaper and it has a good Social media community and marketing. They state their Token distrubution on announcement or telegram on when and how they will send it to the people who invested on them. That's the quality of a good ICO .

I think that cryptocurrency  achieve success as a result of advertisement of cryptocurrencies by investors  who believe and see the great success  ahead of  the launch of cryptocurrency. Cryptocurrency became a success as the project roll out and was embraced by  Crypto investors.

Well if you want your cryptocurrency be a successful, you must a have a team of devs who were working hard to maintain and upgrade their project all the time and also, you have advertise your project in order to make more attention from people and you gather more supporters and make you community bigger just like bitcoin and ethereum they have both a large communities that supports each other and also, get some support on large companies garner more attention in that way your coin/ project will be successful.

There are more crypto currencies now.If crypto currencies are to be succeeded, they should increase their use.Creating chances of using crypto currencies should be created.Automatic crypto currency circulation occurs when the application increases.The value increases when the use of increased circulation occurs.Increases in investments will result in an increase in earnings.

I think some years ago the road to success was utility and innovation. Bitcoin - the first cryptocurrency, Ethereum - Turing-complete, implementing smart-contracts, etc.
But now it is a combination of utility/innovation and good marketing. You can create something that will change the world, but it won't be noticed unless you know how to promote your creation and make people trust you and your good intentions

The secret for success in crypto is the technology and great team behind it.

It's a number of element that play a role here, i will name a couple..
Supply and Demand is one of them. People buy and sell, pump and dump and this manipulates the market or the coin itself.
Popularity is another key factor, once people start to buy in one coin and notice that it's on a rise, then others will be attracted to it. This can work the other way too, if a coin is cheap to buy, then you can commit to it since you know that it has potential to rise in value then invest in that coin long term and wait for it to pump and get profit.

It's depend on the project itself, shit project will provide shit token and the price of the token also become trash but good project with a good future will have a good price on their token. There are many crypto currencies and not all of them is success, some failed and become a trash token/coin.

In order to be successful in crypto currency you need to have a lot of investor and user of the coins but to get these investors and  user you must have something that can be used by your coin, if your coin has uses like it can be used some restaurant as a payment then a lot of people will use your coin and thats a start of a successful crypto currency.

Based on my observation, I think the success will be determined by how much effort the people involved exerted. How eager the users to make this cryptocurrency successful. The users, the manager, the investors. All people involved must help each other.

It depends on the people involved in the cryptocurrency. I think the success will depend on us as long as we trust the cryptocurrency, and day by day we grow our community. I am sure that there is a guarantee of success in the end.

Based on my observation, the success of the cryptocurrency is based on how the people involved here work and their effort exerted. The success of this is also because of the investors and the other people who are advertising this cryptocurrency.

As far as i know some crypto currency failed because they didn't reach the hard cap, at first we didn't know if one will be success or not, if you are looking for a coin that will be success look at the team ,the developers and the project that you think that will get many investors.

Just make this simple.
In out there many company fight to each other for introduce their product to people. But over time only company who have a best product and give and advantage for much people will survive. So this same with the crypto world. If developer made a good product (include token) and they have a strong and credible team, I guest community will always support it. So the coin will survive from the extinction.

I think it depends on the enthusiasm of the supporters of their community and the Code updates of the team.

Because of the people like us, many of them has interested because of some good features advertise and its really convincing with people to adopt themselves. now one can ignore if the if there is a money involve by exchanging your effort then it is constantly being successful because of many supporter that's because of their heartily promises.  

from your statement I think many who benefit from those who experience failure may experience their failures are less understanding and understand correctly about what they do and less carefully in analyzing what they will do

Many crypto success stories consist of those currencies that were created in bitcoin’s image, but with various tweaks to make them function a little better. The result is a scattering of competing currencies with attributes that can be handpicked depending on one’s personal priorities, be it security, privacy, anonymity or speed.

The success of an Altcoin depends on the seriousness of the dev coin, because when the developers can fully develop the success will be achieved. In addition, the innovation and mission of a coin must be clear so as to attract many investors. Usually most altcoins present do not take this into consideration, they only make coins with the intention of making a profit for themselves by pumping and dumping the coin. I strongly suspect such a thing because it can make the trust of many people decline, many people would assume that the newly created Altcoin has a great risk to be invested.

All those ICO's has a company. If those companies project sucks would you invest on them.

Also some companies has great marketing which other coins does not.

As long as people keeps getting interested with your coin then it will be successful.

Some of the cryptocurrencies that emerge in the market became successful since many people believe in them. They also have proven themselves to the market already for some time. For some coins it has made a name for it self and became popular. Sometimes popularity of coin will bring them a long way. In the other hand some coins are not successful mainly because no one believe in them. Second is they are not so popular in the market. Sometimes it is also because of the team who is behind the coin some are just fraud that is the reason why they don't succeed.

To look at a broad sense it is good to have the bitcoin and other altcoin in the market so we can do some of the investment in these. Some of the crypto currencies success in the market because the people interests toward this and the important thing is the people demand and use of a crypto currency if they buy and sell in the market then the prices also fluctuated and the we can look at the currency strength in the market.

It all depends on the idea of the project. If they have a unique one and a good concept, they can attract many investors to support their project. If the ICO is back-up by credible developers who dedicate all their effort to the success of the project and investors are not getting a hint that the devs are only in for the profit, I'm sure it will have a huge support from the community which in fact gives more impact to the token's price value in the market.

many reasons decides a crypto asset success or failure i will point out some of them,

the development  and the road map comes out at first
the coin must have a purpose to make a fast adoption   
some coins are created to focus on a specific region so it has a use in a specific place or created to help some area such security adoption of crypto currencies...etc
the developers must have a plan to make the coin get widely accepted as a payment
and some coins fails because it has no specific purpose only created to scam or to make money and you can findout which coin has the potential and which by researching such a project and also watch for members opinions 
 

Success is determine on its value as a coin,, only those who have supported by the crypto community will handle the pressure of one project.. The developers and media (mainstream or social sites) has a great role in making a coin Be well-known and be invested by big investors that has the capacity to buy hundreds of thousands that will strengthen the demand of the said coin..

There are many reasons for the success and failure of encrypted currency. For example, technology, team, marketing, environment and so on. A successful encrypted currency is inseparable from the teamwork of the team.

Success may be obtain in various ways but this has something in common, they always strive for better and they always show the people truth. Hardwork of the team and the purpose of the ICO if it may help our community. This things take participation on any cryptocurrencies success.

Good project with very unique functionality and a trustworthy team that will give you a great potential in the near future just by reading and looking at their whitepaper. If you look at it, since there are a lot of cryptocurrency, people will look over to an ICO that has a unique and promising project that will get their interests with so that they will invest with this coin.That's how the top coins gets their name on the top because of this uniqueness.

maybe some people begin to trust cryptocurrency and many people invest and put they money. so i think that is make cryptocurrency success because many people use it, for invest and trading. we know the key of success in cryptocurrency is people. and now so many people use cryptocurrency no wonder cryptocurrency so success right now.