Bitcoin Forum

Hello people,

So my question is: why a project with a mediocre idea but with a bigger budget is likely to have more successful future than the project with a great idea but with a low budget?

How do you see this?

It's impossible to say because there are a lot more factors. It's possible both could fail or both could succeed. I would like to think that the best idea will eventually win out if they have the correct people behind it, based on the fact that they can raise awareness and funding relatively easily. That's much easier to do than coming up with a good idea.

Because bounty hunters will be one of the major factor of the ICO's success that is why the bigger the budget the more bounty hunters will come.So that is why bounty allocation would be one major factor to decide these ICO's faith when it comes to advertisement to get more investors.

I thought 'bounty hunter' means a person who is doing some actions to promote the project in order to get some free coins, am I right? Like you join my TG channel and get some coins for that. In 2014 each bounty hunter got 1000 ETH for promoting Ethereum. I read this somewhere.

So, I don't see the connection between budget and bounty hunters. Bounty is a cheap (=free) way to promote your project.

Yes it is,bounty hunters are the ones who are promoting these ICOs in social media platforms like facebook twitter and youtube,and especially here in bitcointalk,the more bounty hunters that will join the ICO the higher chance of getting more investors to invest to that specific ICO.Bounty hunters doesnt want to participate a bounty which the allocation is too small that is why most of the bounty hunters are only joining those good paying ICOs.

I agree bounty hunters are giving more impact to the investors because if there is no one to promote these ICOs how would the word spread that project exists? especially here in bitcointalk which is the biggest cryotocurrency community in the web? most of the investors are here that is why it is imporant to an ICO to have a good budget allocation fo the bounty hunters.

Under these circumstances, the big budget will win this competition. One day 'great ideas' will be very important. But not now  :-\

I simply prefer a great idea because the project has value to be a long-term success, I'm sure time will slowly lead the project to be acknowledged by many peoples and reach its high.

In the real world, great ideas attracts the most awesome investors. Steve Jobs did not have any budget when the guy from intel approached him to invest in his idea that was crazy for so many people that he tried to call before that guy showed up. It's great idea and a great team behind it.

It's true though sometimes we don't like it.
Look at the Bitcoin for example. It have amazing capitalization but some of modern cryptocurrencies have better idea, have a half-dime fee price, quicker and more convenient.

Bitcoin is supported by its community, very influential people hold this ancient coin.

That is differnt bro,apple is physical company,nothing connected to the ICOs,he is asking to which would win the project that can pay good bounty managers or a project who has good idea but doesnt have funds to prmote the ICO? budget is one major factor because most of the people will trust a project which has bigger budget allocation to the hunters,investors are mostly getting more interested into a project which has good community support.

The advantage of having big budget is that the team will be able to attract good talents and developers to their platfrom and also they have huge bugjec to spend on marketing and branding, just like what Lisk team is doing because they hve huge budget to do it

Yes, that is the answer. Influential people = rich people. That is the reason why ancient Bitcoin have more power than poor newest crypto tech .  :)

In reality budget is one of the most factor that these investors are firstly researching if the allocations are good,the bounty hunters will join the promote the ICO wether it is an average or a good ICO,bounty hunters is the key to success of an ICO because these peoplea are the ones who are spreading the word to the whole community,wether it is in social media or here in the forum so that those potential investors will join to that specific project.

The execution is what matters.  The idea can be great but if it's not executed correctly it will eventually fail.

The crypto-currency world is still very young. Therefore, for a project with any idea it is important to have hyip. On a short distance it is important to maximize the promotion of the project, and a good idea will work after a long time.

Most successful icos now are without bounty. And it has increased this year. Project team.matters in successful ICO, the way the idea is pitched may also influence it. Very few good teams failed at ICO but idea still matters.

This is a misconception. The idea that will really work and will be useful, will always be much more valuable than the advertised project. You always need to plan for a long time ...

Sometimes developers have no money to release their product. That is the reason why crowdfunding platforms and ventures foundation are so popular.
Ico just one of them.

Money rules the world. A big budget just gives a great opportunity. A good idea requires funding. Without a budget, the idea costs little.

Budget is more important. Big budget means that investors believe in idea of projects and probably project have good team and roadmap. For ex, idea could be amazing but it will be hard to implement. So it will be very risky project and investors will not give a lot of money for this project

I believe these projects are not using bounties because they simply do not need it. A well funded ICO nowadays can spend near $4000 each day just on Google Ads. They spend 1 mil on Ads and get 20-30 mils on sales. That's how it works.

Its like an election,bigger budgets are commonly winning the game and those who doesnt have good budget but having good advocay normally lose,that is how the market works the more influencial the more chances of winning the heart of each investors to join and to invest to a cetrain project or ICO.

That is unusual,because if these ICOs wont have an ICO how would the supply of the coin be distributed?only those private investors will benefit if there will no ICOs,i dont usually research about these new ICOs but i would look into it probably later if there are really successful projects which didnt have any ICO but i doubt.

Budget would be more have chance of getting success,ICOs needs a good bounty allocation, products,abd good developers for these investors to be convinced to invest,because if there are no budget for the advertising which is the bounty hunters there will be less people who would know there is such project that exist.

ICO's success would need a lot of factors,the advertising team should have allocated good amount for the bounty hunters so that there will be more people to join the bounties,poor advertising wont give these investors a good reason why would they invest to the ICO,most of the successful ICOs does have good support from the bounty hunters and community.

I didn't notice this patter. Usually projects that have a good team behind, no matter if it's a mediocre idea, get the money they need.
It's a combination of marketing and trust that they give to their investor that make the ICO successful.

They are both good but for me it's the second one, the best project Altcoin is better for me because I really do believe in the value of the quality of the project and services.
I noticed that most of the popular altcoins that once was advertising on coinmarketcap.com and when they hit coin exchanges they aren't valued that much,
But well as on good idea projects, they are being having a good and high price value because people are wiling to invest more.

of course, with a large budget, you can prepare some things for marketing and can make the idea that "ordinary" to "extraordinary" because it has a good preparation

This would only good for intro. For those project who are well advertised since they do have the money or capability of such thing but sooner or later people would find out on projects which are really good for longer terms.They might not get the budget or attention in first try but sure later on it would be recognized because great ideas or concepts can really caught investors attention and would really turn upside down the situation.

Well its easy, the lower budget project won't be able to stand in the market too long, because it will need advertisment and a lot of work in order to start getting profit from it, which can take a lot of time, bigger budget means more time so higher chances of getting any profit, but that does not mean that it is all about the money, you could have a lower budget but you work smart and know what you are doing so your project becomes successful.

Money always talks,those projects who are giving good allocations to the bounty hunters will always have good or bigger chance of getting success,because a lot of people are promoting the ICO it means more people would know that the project exists.Advertising team should know what they are doing so that the promotions will be more effective.

That's true, Large budget makes your project more successful and profitable if it has a great idea to develop. I know some ICO, they begin with a large budget they made a very great project like VLB. So to be honest, if you have a large budget, and work hard with a great team, your project will succeed as you can make any idea extraordinary because of the good preparation as you said.

I didn't want to bring the politics here, but if you mentioned the elections then you should know that in the recent US elections had won the candidate with much less numbers spent. The difference was almost half of billion dollars. (https://www.washingtonpost.com/graphics/politics/2016-election/campaign-finance/) So the only amount of money is not making the weather. How you spent it - that's also a key factor.  

It really can happen either way, just like in any other industry such as the music industry talent can be stumbled upon or it can be created by a label with a ton of cash. As an investor, I'd say your best bet is to look at both. Here is a company with a great vision, essentially taking steps to make crypto more mainstream.

https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480

It is unlikely that a project with a mediocre idea will be able to inspire investors and collect a large budget. Of course there are exceptions.
Basically a big budget gives the team an opportunity to run the project in a shorter period.

Because projects without money can not raise a high level of hyip, and this is now one of the key indicators of investment in ICO

Looking at what time frame to limit. If you look at the level of the HYIP and the amount of money poured into it, then yes, at a short distance, large investors will earn good money. It happens that the project is just raw, but the level of the HYIP has done its work and the people have invested in it. If the team will work on the project and it will be in demand, then on a long run there will be a good profit. A coin with a small capitalization may even be more promising than a well-rounded project, which has been repeatedly confirmed in practice. It all depends on the team, the idea and the relevance of this idea.

You wont get any success without advertising so it means if you dont have good avertisements you wont get any investors for your project,that is why most of these ICOs giving big allocation for the bounty hunters.Bounties is the key to success of every ICO or bounty campaigns that we have,less participants in the bounty campaigns will give less chance of getting good investors.

Of course the ICOs which has a good budget will always have advantages compare to those who doesnt have big funds.Advertising is the only thing that these ICOs needed to attract those potential investors,conducting bounty campaings on the other side is the perfect example of good advertising and promotions,more exposure to the community will give more chance of success.

Good avertising team would know how they would get more investors,and surely those projects who has allocated big with the advertisement will have more investors than those projects who doesnt have enough funds to pay those bounty hunters and advertising websites like google or youtube so that they would get more investors.

Of course good advertising will result into a good hype of the project,good hype attracts more investors and it will make the project's success too easy.Projects with less advertisements will surely wont have any good chance to get good investors for their project,bounty hunters really has big part of the ICO's success that is why these ICOs are allocating big for the hunters.

Money talks,that is why most of the successful ICOs has one thing in common,good allocation for the bounty campaigns because the bounty hunters can really make difference,mostly hunters are the ones who are getting attention of these investors that is why the bounty hunters are one the keys to the ICO's success good advertisemennt will attract good investors.

In every project that are launch with this two elements are present is very good ,there is enough budget and there are great ideas but for who eventually wins is favor for great ideas. No matter how big is the budget and it will be run less ideas of that project , it might fall because of lack of strategy and techniques which comes from great ideas.

Big budget are generally good ideas. Great ideas if were not funded properly and driven systematically can be useless.
So, they are like low risk low gain and high risk high gain projects.

Big budget will always have advantages in every things especially into a project,most of the investors are being impressed when the team has gathered a lot of budget,which makes the project mor elegit especially when the team is willing to spent a lot of money for advertisement.

So does this mean that a project with a great idea and a team of great developers behind, but without a proper funding, won't eventually succeed?

A big Project actually will give them fruitful success and it's take short period of time to campaign the project. But i usually look at Quality campaigns with working product to make sure that the coin is not shit!

it can happen, even though the idea is very good but if it is not funded properly and systematically encouraged it is equally useless. because to promote a project requires a large budget.

I think great idea will mostly win because if its just a copy it might not get some customer but if it uniques and never done before it might caught some attention and it  will be popular and beat the big budget but it is a matter of perspective

Because if there are funds, you can hire people, professionals who will be able to finalize the idea and implement it in life, when the budget is small, you need to try to compress costs. It's all taking a long time.

As far as I'm concerned Apple, Google, Facebook, 9gag, imgur, etc. were made by enthusiasts. Even Tesla was not well funded till the recent years. So the faith makes it not the money.

Big budget - if there is one, then people make a candy from the turd (if we talk about ICO)

Big budget would definitely win. It has the power to gain more community than simple great idea which might not be spread among the cryptoworld. Big budget also has the power to get good developers, and a good project manager which eventually lead to a great successful ICOs. As a team, they overall win and for the idea, they have better advantage because they can make it realized properly.

I think that the idea is cooler. Because it is an excellent asset that, if properly applied, can be motivated into an even larger amount.

without gasoline, you will not go far. so it's better to have cash in your pocket. but on a full belly and a good idea will come.

Still convinced that a good idea and a team is more important! Yet there is a strong argument in the opposite direction

I'm still convinced that a good idea and a team is more important! Has not yet found a strong argument in the opposite direction

Of course the better is for me the "Great Idea.

How, then, is your Budget big enough but it does not help the people. It still has no benefits and it can be just shitcoins. That's why "Great Idea is better because many people can help it when they start their platform.

ideas rule the world

If you have a lot of money, you can buy a good idea from someone who does not have money

Hello, I think it's the other way around, if the idea is bad - the project have no future, but idea could so good that you don't need a lot of investment from the start.

In the modern world reality I vote for a big money. From the ICOs experience I can also judge that if you have money you can make every idea look good and make people believe this will change some sphere of the world. ANd don't forget about hype. This is what leads the ICO market. The more money you have, the more hype you can create.

In the long run, I think the project with low budget and great idea will gain an eventual greater success. Simply because a great idea will attract potential investors and therefore more community support. Another is it started will low budget, thus, will grow into something big with more percentage of net income.

for a short term, big budget shall win but in longer horizon a great idea with a honest efforts from the team behind is bound to win. This is what value investing is. A raw unpolished diamond lying un noticed with coal. Someday its worth will certainly be high. But honest efforts is imp here.

how can they grow if people wont find them? People wont find them because they are lacking of advertising exposure because they are low in budget. therfore i  guess  big budget will still be a winner on this contest. They can still improve their project after people recognizes them. that is why they have still a chance to become the best. i often see ico's with great projetc but with a verry poor publication because lacking of funds and they were getting left behind.

great idea is better than big budget for me. when you got a great idea, many investors would be crazy about investing in that idea, from there, you'll get a big budget to make that idea into the real world. rather than having a huge budget but you know what you'll do with that budget.

sounds  cool does not it?  8)

Money rules people)

I think it's not that simple. every company that is building the project of course has a way and structure important to be run as planned.
success is determined by many factors, the management team and the advisor are an important part. and we as people who campaign. so it's not as simple as what you say.

Big budget and great idea are both totally good, for instance, if a certain person have a big budget but there is no idea on how to used their budgets for life development, so it's quite useless. And for the people who have a great idea but there is no budget or no money at all, so their great idea would also a useless. So, it is better to have a big budget and having great idea.

It seems that no one can object to this

In crypto markets the idea matters but the budget not so much. With good product the money will eventually flow. Look at Nano for example started out with a very small team of devs and budget, but look at its community now.

A large budget is a big advantage. Like the idea, too. If you can manage your advantages, you can achieve great results even with limited other possibilities. A correctly presented idea can be successful without a large budget, if you take advantage. Just like the budget without a special idea (a successful advertisement of something ordinary). Ideally, there should be both, but these benefits can also be lost if you use them ineptly.
It seems to me that in the question itself there are equivalent concepts. Rather, the question should be put in a different way. How not to trust all those who can not dispose of the benefits.

when you have a lot of money at once there is free time because you do not think where to get them) and focus on the brainstorm

ofcourse big budget always win this. If you have a budget then you can arrange team with a great idea and join conference to get some more.
you don't achieve anything if you only have idea but no money to implement it.

A good balance between budget and a good idea. But if you have to choose one, I would choose a good idea. Ideas bring money naturally if they are good.

I think the most important thing in each project is the idea. because if there is no interesting idea then nobody will invest in the project. Also, not always a company that has accumulated a lot of money can not succeed in the future

more and more inclined to what was right

No matter how big the budget is if the idea is shitty no one is going to be interested in the project. Bitcoin started with no budget and look where it is now. Its the idea that matters, anyone can finance later if the idea is good. With a shitty idea it wont take long for the funds to dry up.

I think both factors do effect how the project and business will go on, a succesful project must have a great idea with decent amount of funds, otherwise it can collapse due to low funds and more expenses.

That's true. Complete agreement. Everything should be in harmony, such projects at the moment very little unfortunately.

it is very interesting to read the biographies of people who have developed from the very bottom

Big budget is an idea. you can not compare each other in business. if a project can succeed with a low budget, why would they provide a big budget. idea is a main thing that decide which budget they would use. a big budget can also possibly fail, if the idea is not fit to the project.
however, this is a business, pragmatically bounty hunters will join a big budget project for profiting more. that is the main reason for a project to succeed.

Both of them eventually win in the long run. In an immediate analysis, big budget with mediocre idea might win but that winining will be short lived unless they start becoming serious in deploying great idea. Great idea always win if it is worked at.

This is sometimes the case, and sometimes not. There are numerous factors that can contribute to the success or failure of a project. The quality of the idea is obviously important, as is budget, but some of the many other things to consider include:

• implementation - is it buggy, misses deadlines etc?
• team and organisation
• timing - is this what is needed right now?
• publicity - not necessarily related to budget - this can be the development of a supportive community or the influence of certain high profile individuals
• and of course brute luck.
  

but the list really goes on forever.

people with good ideas must form communities to combine them and do something great

Or the big budget uses the money to buy off the competitor , or uses the money the lobby against them. It depends on the industry but money can get you a long way.

Because the one with more budget can create bigger marketing thus reaching a wider audience and that means more money. The thing is people don't really care about the idea nowadays. We gotta admit that most idea that being offered in ICOs are just too ideal and quite impossible to achieve. People are buying mostly because they believe the token price will increase, not hoping for the actual product to be delivered.

incredibly important is the inner spirit and perseverance in achieving the goal! If you do not go stubbornly to an appointed goal or a great idea ... it will end in defeat

I think a budget and an idea are inseparable:) a good idea will 100% receive people’s support, reflected in money. So the idea comes first anyway.

Eventually wins combination of these factors. Or if u have a good idea, you need also to attract money as even ICO needs money for marketing.

It’s very difficult to choose because there are too many factors and nothing is white or black, but I think it’s more important the IDEA and the possibility of a concrete realization of roadmap than a big budget

I think in today's times when everyone only looks at the appearance, the brand and the advertising, without thinking about the quality at all, just the good idea is doomed. The best option would be the combination of idea and budget, but this is a very rare thing.  :-\

Projects with a large cap win because they cause more confidence among users. Such projects look more solid and serious. All this is just a prejudice of people. In fact, it's more logical to invest in projects with a good idea.

For the success of a startup / business, the idea, its implementation and your story about how you realized the idea is important.
If one of the listed items is not enough, then the success will be incomplete, and the way to it is complex and thorny.

The large budget of the company allows it to allocate a large amount for marketing, which in turn helps the project to become more popular, acquire the maximum possible number of fans and stand out against the background of other similar companies. Perhaps a good example will be companies like Coca Cola, Nestle, Pepsi, McDonald's and others who spend billions of dollars each year to promote their products, but that does not mean that their product is better than others. The same thing happens with ICO projects. It seems to be a good idea, but an advertising campaign is not properly conducted properly, as a result of which nobody knows anything about the project, advisors are unknown and the credibility to it is zero, the result is not a soft cup and the project has no future. The same, but with a not very good idea and a well-organized and conducted advertising campaign, gives the opposite result to the first example with the collected hurd cup and the increase in the price of the token after entering the exchange.

i think all of these things should be related that big budgets and great idea should be walking together to being successfully project but indeed money is everything to running crypto projects and people usually don't liked great idea projects with small budget of money and more likely to choose the projects with big budgets

of course great Idea will always win over big budget because in the long run, great project will be the basis of a coin price value.
big budget projects are just like attracting more investors in a minimum of time so I don't think it's price will be higher due to the ads are everywhere and the promotions were very generous.
I really believe that even the budget is low while the idea is great then it will soon dominate the crypto market after a certain of time.

 I want to note that this does not always happen, but when it happens - a big role is played by marketing. It is not enough to create a project, it is necessary to tell people about it. To tell how good he is and why. And people believe it.

You can have a big budget and a wrong team to implement the project, thus lots of funds are misused etc. making the entire project fail in the end, I've seen this a lot of times. You can also have a great idea, and still not be able to implement it because of the lack of a solid team. What I am trying to say, is that in either scenario a good team is needed. With great idea and no budget, if you have a solid team, you all can raise funds together, but it's not going to easy. But with ICOs nowadays its a lot easier. With a bid budget, I guess its easier to attract a solid team to implement. Either ways the team matters a lot. 

I think all must start with budget, after which you can hire intellectual persons with great capabilities into turning ideas to reality. Bounty hunters just love big budget because they are after profit that would entice them to do their job with eagerness.

That's people a lot of people are in cryptos for the gains and not the tech, most project with big budgets ends up to get listed in top exchanges which makes the coin to moon but the ones with great idea ends up in idex or small exchanges

It's about the budget and costing of advertisement.

Like in the national television, for a fast food chain that doesn't have real delicious foods but the presentation is quite good enough to crave the viewers.

That's how it goes with projects that doesn't have real proposal but has capital for advertisement in different platforms and websites.

One can not say unambiguously because there are successful projects with these indicators, but there are simply good projects with an excellent idea and a big budget!

I think that the idea is very important it is much more important than big budget, as if the idea is copied, not interesting and has no perspective it will not work no matter what budget project has. But if idea is good it might develop with the small funds. That is the reason why I like IcoGuide.com, when I asked them how they are assessing projects and scoring them, they said that they are paying big attention to idea of the project.