Bitcoin Forum

In so many threads I see a huge impatience. That kills projects.

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too.  :D
What do you think how long does it take to establish a project in a market? 6 weeks? Very often I have this feeling that many in our community think like that.

And 100% up and down is nothing in the coin market, have a look at pennystocks, there it is the same thing. And if you watch stocks in dow jones 1 $ up and down ist nothing, because the market is much bigger.

To build a successful project requires a process and it takes time if the project is said to be a scam as the price of coins / tokens down to 100% is reasonable because maybe the marketing team of the project has not been so experience or it is a strategy from Dev

The cryptocurrency market is still at low volume if you will going to compare it with actual stocks and dow jones. Even fiat money has more volume circulating throughout, given that central banks per nation has the power to fully control the supply of paper money and coins. That's the reason why a 1% increase or decrease does really matters. In terms of Bitcoins and Altcoins, a low percentage of gain and loss isn't significant if you have put a low amount of investment on a certain as it will only change just a bit, it might only get worse or good if the movement gradually continues so on and forth.

More and more people are being enticed with cryptocurrencies. However, they only look on the bright side, which leads them to false information or believing that investing with BTC's or Alts is a quick rich scheme. That's why many people who have tried and failed was due to their short patience because they have been mislead and misunderstood within the digital economy structure.

Yes l believe that impatience kills project because once you surrender you will lost your target.Impatience equivalent to quitting. You will never finished what you started. But you end it. No more chance to meet your project.

To avoid joining and investing in useless coins. Invest only from coins with solid business model. Make sure the ICO or coins you will be joining has a solid business to back its coin.

It is true that crypto market is volatile and even the established coins with high marketcap can also have 20 to 50% pump/dump overnight it is normal to have 100% down in coins with less marketcap and trading volume.

However there are also many ponzi/scam specially in yobit where it got 500% up in few hours and it get dumped hard to almost zero because dev will dump his/her entire holding at once.

In everything you wanted to do, patience is a must. Being in rush is very dangerous. Dont take it too fast, plan it very carefully and perfect. Everything in this world takes time.

Orchestrated pumps are a big problem which also leads to distrust in many coins which have huge potential.
100-200% up and down doesn`t mean it is scam, it could also pumped by someonelse.
And if a famous person says "that could be a great project", than it`s the traders fault when they pump it up, because of their fear of missing it.

If the idea and the coin is terrible on the first day then in most cases more time won't improve it.

altcoin market is in a way like pennystocks. and that similarity is only in the huge risk, unpredictability, and big swings. otherwise there are no other similarities.
altcoins are not regulated and extremely manipulated. you can not see that in penny stocks.

also you seem to be ignoring the fact that most of these "projects" are pure bullshit. they put up a pretty front with some pretty words and a paper (that sometimes they pay someone to write it for them). and 0 product. someone with minimal programming skill can create one and they do create lots of useless projects. hence the 100% pump and dumps in mere hours.

you are right, people who have bought into a project expect too much too quick.
there is a massive expectation to be able to buy a coin and sell it as quick as possible at a massive profit
and then move on to the next project and do the same.
I know from friends who have been in crypto for a while now that you have to have patience,
projects take a long time to go through their processes and developments.

But if you have been watching a lot of story in so many old icos and then the longterm holders will always be a winner. They are only greedy person that only cares about profit and profit. They can't give a lot of time to the developers to develop the product the fact that the product is a big key to make the price jump to the moon.

I have invested in a huge large amount of ICO's at the moment, and this is the real fucking truth, seriously. It is incredible the amount of people who are always desperated about seeing the coin on exchanges only two days after ICO. This is not a good behavior, and this kind of emotions are the only things that you require in order to kill a project after ICO

Well, in gold- and silver-mining-stocks it`s the same thing there are many scam-explorers. Guess 70-80% of the offered mining-stocks (circa 8.000) are professional scam or goes down for other reasons. I think it`s much easier to find a good coin than a mining-stock, at the moment. I`m just looking at the team and idea of a project. The research is not so hard than in mining-stocks.

The main reason for the failure of many legitimate projects is happened due to the impatience of investors they are rushing to trade their tokens or coins immediately after they listed on exchanges.We knows that price of coin is based on the demand and supply so what will happen if all the people are selling their token at the same time.It will lose it value hardly and it can not be recovered again in many cases.
So people who are investing on ICOs need to wait and you can make more money if all investors will hold their tokens longer.

Yes i agree with you nowadays people are not having that kind of patience, which is expected to have in every Crypto trader because when you are investing your money in some projects then you need to give some time to prove its potential and if there is something wrong in that projects that means you have not selected the right project and I think people fail to hold the Good ICO's only because of their previous bad trades and because of that they even fail to hold the good ico's and project. Remember one thing that patience is the key to success here in the trading and investing market no matter how big or small the project is, you just need to follow this simple rule, BUY THE RIGHT AND HOLD IT TIGHT.

That is why the real value of the company comes from organic growth and the proper project runners don't care about hype or pumping up coins. These are the projects you want to invest in because more than likely they care to provide real value and more than likely they stand a better chance to be around than those pump and dump coins.

You can not blame the community for the failure of a project. The developers are also equally liable. If they really wanted to continue with the project, they would not heed the negativity.
Well it is actually a good sign when a price doesn't skyrocket in first few weeks. Or else there might be high chance that the price are being pumped and will soon will be dumped causing the project to die. More like a pump and dump scheme.

Yes, I`m talking about solid projects. Ok, but sometimes there is also a lack of good public relations, so they investors misunderstood it and drop their coins. Good pr is very important.

I think you are absolutely correct, and the huge increase of the price of bitcoin, and of many other altcoins is in fact a "curse" in my opinion. All these coins are still being tested and developed, and since they run on a free market, they are not responsible for how people price it. Bitcoin has a huge potencial, but it's not done quite yet, and it will take some time improve. People don't understand that, and think that bitcoin is already a currency and can be used for payments all around the world and by the masses, but we are not there yet, so we can't really complain about it.

People buy bitcoin, and then they complain that the fees are high, and that they can't use it, and that bitcoin's price is to high because the coin useless, and all of those things. If they knew in what state of development bitcoin is now, they would understand that the price they are paying now is not reflecting the actual state of bitcoin, but it's future use cases.

If people believe in bitcoin future, then they should buy it and kind of forget about it, and let the devs do their work.

Those people who are impatience are actually new in this crypto currency market they got panic when a sudden dump in crypto value take place without even realizing that for so many years people who are in this market keeps investing because we all believe and it has been proven so many times that regardless of bitcoin value today in due time it will pump and hit another highest historical amount and that holding will surely give a promising return just keep on trusting bitcoin and cryptos

That's right but we can't avoid that problem because all of us has a different beliefs and aslo mindset which despite of mistakes they will always afraid to risk in any things. Perhaps that is the common reason why they don't want to wait because of doubts that maybe they wasting efforts on it cause its scam bla bla bla.   Lol and also by reading some fud news their mindset change quickly. Thats why they dont want to put some effort in such things.

In every case or project patience is the only word you can lie on , it's 100% that influence the further result.  In some cases we can't await longer the border of patience level breaks down. Anyway good luck buddy.

You are comparing stocks into cryptocurrency which isn't really right at all since price volatility do really matter. Impatience is common and establishing a project cant really be done on a matter of 6 weeks that you did able to mention. One of the reason of such decline is on its investors taking profits and don't tend to comeback but if it do have a dev that keeps on updating and even buybacking for the sake of development then it do have potential. Project usability is one of the key,if interest is there then high chances of success will be there but expect it would really be for long term.

I agree with this. Many people think that a successful project only takes 1 or 2 months of hard work, when in fact it takes more than that. Imagine the hours spent of the devs trying to polish everything and the advertising team trying to get the word out there. Getting a well-developed project takes time and effort, and all these opportunists traders think are profits and how it would a certain coin benefit them. Oftentimes, this happens when a coin is overhyped and everyone on board is expecting for it to be pumped once it goes live. No one genuinely cares about coin development nowadays. All they care about is money and profits.

Impatiance doesn't kill project but investors own profit, who don't know what mean long term holding and forget about money he/she invested

Yes that’s true and peoples perspective on successful projects usually are projects that took only short months of trading when in fact that’s not what really happens in reality. A well developed project takes years for them to perfect the project and then tag it as a successful one.

Yes, everyone is really in for making money and profits. That's why we have this so called pump and dump groups. They will do everything to hype a project and then they are the one who is also killing it. How many coins that we have seen de-listed on a exchange? There are de-listed because not enough money is being put to that coin, or maybe just the pump and dump group haven't to notice that coin? but if you look at the background, devs are really working hard to improve the coins, unfortunately, it was already de-listed by the trading platform. Those group doesn't really give a damn about a coin, as long as they can make money out of it through continues pump and then taking the profits, they will continue to do so.

Because there are some campaigns are really do promises on when they list it. So, their are some of us really expected it and hoping. But I know and I understand that the listing of coins is really processed it takes weeks or month sometimes.

I think its normal when investors always hear's frauds from the others. But some of them are strong holders they buy all sell orders of some dumpers that's why many of this dumpers are spreading fraud to buy again the coin when they think its pumping also with the airdrop hunters who doesn't even value the coin. They don't even care about the project they're just thinking about the free money they have.

I believe doesn't matter how fast the prices fluctuate, but if the demand isn't artificial, so we can see if the project is solid, if there is a real purpose behind it besides the speculation. The impatience is a reflex of the speculative investment modality, as people think the project can fail anytime and they can lose money for this reason... So the profit must come fast, to guarantee themselves fast and exit the game with profit.

yes, you are very right. many people are impatient nowadays, whereas the crypto world requires us to be more patient when we want to gain more profit. as evidenced by some of my experiences, a project will show short and long term plans. for short term about 3 months and long term more than that.
and usually the project will work with long-term plans.

Yeah I agree to this statement because it could easily breaks yiur project and also with you.  I think we really need to be patience because although they said scammers takes a lot for you so don't get tired of waiting. Be sure to have a legitimate project to avoid failure  if you think this might takes time so ask some if your team to kindly check the speculate coin as if someone could warn as soon as possible.

Since  many of the cryptocurrency projects are not lottery or ponzi,  investor must learn how to wait for their project develop in to something they will be proud  of. Cryptocurrency is very fast and that may suggest the reason for impatient.

It's not only "impatience", it's just handling investment as if they were casino gambling, where you have to get immediately satisfaction or the game is rigged. Such a low level...

Don't worry, that has always been the trend here for many years already. Couldn't do anything about it so I just used the info and bought more when the market crashes.

fact, because a project really matters and takes a long time to be sucessful you may be lack of hope and chance but remember that in every situation that come you must be patience.

It is incredible but this is the real fucking truth.. i am seeing a lot of projects who are literally destroyed because the community is very toxic, or because they are always asking for exchanges, for bounties, and that makes me sick.

This is my main reason why I am losing all of my trades. I don't hodl for 6 months and up. And when I decided to sell my asset, there goes its uptrend. It feels so bad that, that thing is repeating over and over again :(. But I don't quit trading because there are a lot of opportunities in trading.

Many People who invest in altcoin are only care about the price. They happy when the price rise and impatience or mad if the price fall. They should change their habbit, they need to atleast an observation before investing, fluctuations price is normal thing in cryptocurrency market. They should supervise the development of the project. If the developer are lazy then they should buy other coin.

Yes, I agree with you that due to the impatience mentality of the investors, the success of project were ruined.  Before the project reach the peak of success, it took some time that undergoes analytical development and process.  Since the project is on-going, experiencing price fall or declination is part of the whole picture.  It just happen that many investors got panic and eagerly sell or withdraw their investments once the coin do not reach their expectation or undergoing price fall that will hinder the project development. 

Those new in cryptoworld do not realize that bitcoin took a long time before it gains attention and establish a good reputation in the market.  And this is just a result of the investors who do not leave and still believe on its great role in the future even its value decline sometime. 

Every crypto holders must trust on the capacity and role of their crypto in the future no matter what is the  current value  of it in the market now, because in crypto, the most important is the value of crypo in the future, not its value today.   

yes..impatience kills project because you will be out of focus of what you are doing and the tendency is you will quit ...so if you want to be successful of what you are doing you have to be patient enough

HaHa, people are really crazy about protecting their money on projects so it leads to some bad cautions like a big flush selling or saying this scam , that scam , ... even none of them make sense.

It is not good reference when we say that altcoin or project is scam because its not going up 100% in one week.
Scam or not is depending the team. If team go away with the money and its scam.

Waiting for the right entry point is an essential characteristic of every successful trader. If you're tempted to trade your coin even if it's at the lowest price, learn to fight your temptation. Then remind yourself that following your discipline will contribute to your success.

I am also fed up with many crypto traders attitudes, especially in the slack groups and telegram rooms. I see people being so arrogant and rude to some development teams my mind boggles and I sometimes think, didn't their mothers teach these bunch of kids any manners. They talk to the Teams like they are God or something. I moderate in one slack group and I had to try once to really calm down a rowdy and very rude crowd but as politely as I could. Many of these projects are startups so people HAVE to learn to be patient. I know many millennials were spoon fed but come on lol, this is business.

The quality of the coin should matter more than the value. People should be patient about the value.

I certainly have killed plenty of great opportunities as I was too impatient. Plenty of projects/Coins that I have held but turned my back to after a while, turned out to be massive successes .. well not for those who have not stayed on board. But that is also life is. You get chances, you might not use every one, but as long as you still receive chances it is not that bad.