Bitcoin Forum

I think that we have to improve the place where we live AKA community of our favorite projects.
I’ve started my research and found out that community teams are underfunded and that is a huge problem for everyone.

Don’t you think that community for every project is one of the most important things.

How do you perceive the value of the community around the project's idea?

Indeed. No matter how strong, innovative or useful a project is, without a supportive community, it won't survive. Bitcoin has the largest supportive community of all cryptocurrencies, and that's one of the reasons why it is on top.

Dogecoin is the live evidence of this sentence. What was created based on a doge meme for fun became an obsession for many and made it to the top 50 coins/tokens with no real project, vision or goal.
Sometimes even, projects fail to reach their goals, either because of internal issues or hacks destroying the coin's reputation, and if the project is worthy and have a passionate community, they will take over and push the project to its goals themselves. I know there were a few projects like that, however, I don't recall their names.

So maybe you have got ideas/suggestions how we can improve the current situation?
I think that crypto community have to develop the whole crypto landscape, that's what decentralization is about

Exactly, the community & marketing is the thing that drives a coin nowadays. Considering there are thousands of coins on the market now.

There are a lot of great ideas & actual implementations of some good projects but unfortunately they do not invest in marketing & community to spread the word.

What do you mean at "invest in community"? Can you write any more concrete things about that?

It is believed that this is very important. There is no community only at SCAM. :)
And it is believed that these are potential investors, because ICO is collecting money from the crowd.

How can they "invest" in the community? Do you mean bounty or what?

ping ping

any answer?  :)

Precisely, the network and promoting is the thing that drives a coin these days. Considering there are a huge number of coins available at this point. There are a ton of extraordinary thoughts and real usage of some great undertakings yet sadly they don't put resources into promoting and network to get the message out.

this is a fundamental part of the success you all rightly wrote the author. The more powerful they are, the better the project will be

We must also take into consideration if the community is genuine and believes in the project sincerely.  If that were the case, then a project will succeed otherwise if it's like a community in telegram, twitter, facebook and other media with fake/bot accounts, it will surely fail.

"Community is needed in the market. They help to add value and are an important aspect for the investors too. They help to learn more about the technique behind the investment.
"

Obviously the community will add value to this market. It will really help the investors. Community for each project will make the market more professional and will also help to learn about investment technique like bitcoin has a community that helps the investors in making decisions.

The importance of community cannot be described in a word. It is really needed in this market which will make the market more disciplined and this will also help to reduce the number of scams in the market. So community is really needed for development of the market.

They are not useless at all. They are here to add further value in the market. Plus it aids the investors too. It makes the market get more professionalized and at the same time they play an important role in making the investors make their investment techniques better.

You are definitely right about community being the backbone of a project or any goal that everyone wants to reach together. There are numerous examples of how a community has helped a coin to become one of the most promising projects of all time whereas the project was completely aimless or just for fun.

Good to see someone finally talking about community. I have been telling my friends for a long time that it is the community that has been helping Bitcoin to keep their top position for so long. But, it is high time we also think about funding the community and find out ways to keep it improving further.

 To make good project a strong community is need . Its important  to have strong community. I don’t believe that only community is important there are other material to make a good project. But community is most important.

It's a common requirement to  be a successful project. Without any strong and reliable can't be grow up and able not to gain softcap. So this is very vital part for every project.

That's because it's not the developer's job to pay the community. It's a risk -reward situation. Developer creates something, the community gets excited, evaluates the project and spreads the word. The dev can give early adopters some token bonuses, but the chance to enter early on with small money and profit is already a reward. I'm sure you'd like the companies to pay the community to talk about the project, but they don't because they know that if the project is good enough people will talk about it anyway, like they talk about BTC.

The communities have played a huge role behind the success of a lot of cryptocurrency and I think we should think of funding these communities but honestly I couldn't come up with ideas of funding other that external sponsorships. Is there any idea that you have thought of? This is a serious issue and I feel we should start working on it soon.

Community and marketing is very important for every project. Because this the vital way to draw peopl's interest to invest on project. If any project able to create a sustainable community it  will a strong project.

Now a days it is the marketing and community that are driving coins. Though there are many coins at the market now. Implementation and the investment in community and market is necessary to spread the world but unfortunately many good projects don’t do that!

Really I am agree with you. If a project can be more communicative then it will be more potential and it's will be help to avoid some complexity too.

When a new project is decided to be launched, there are many important things that are needed to take in consideration. Community members are one of the most important things to keep the project in track.

I think its very important because there is no community only at SCAM. It seems to be very potential investor because it collect money from different sources.

Actually community members are required for any successful project. But it is a matter of great regret that some project are using community to scam people. These are actually shit coin projects.

To be reality,Sometimes even, projects fail to reach their goals, either because of internal issues or hacks destroying the coin's reputation, and if the project is worthy and have a passionate community, they will take over and push the project to its goals themselves.

Last year when a project has many supporters -most f them are active and majority are people who supports it via buying the coin. But now
most people in a community of new projects are just paid fro participating, only few people who really are investors. There are only few projects out there that gives you non stop talking about the momentum of the coin and what comes after.

Community members play an important role for a project to be successful. Many projects fail to collect their desired fund as they lack community. Scam project may have organized community and people need to be careful about it.

I am glad that someone is asking such question,  my point over view about bitcoin is very positive and I know that this field will earn more success but for this our support is highly required otherwise situation can gets worst as well

Community and marketing is the backbone of every project because now good project need marketing and new investors know about project from community because ads and info are providing by project marketing team. bitcoin and other major altcoins have strong community and new investors are coming from these community. if someone is planing to start a new project of cryptocurrency than he need to invest some money for marketing & community.

you can not really measure the value of a coin (specially the altcoins these days) based on their community and the members of it. nowadays there is an army of shills and bag holders and other paid advertisers who are filling the community of each altcoin. some of the worst coins actually have some of the biggest communities in this cryptospace!
at the end of the day it is still utility that is the first and only factor that will determine the value and importance of a project not its community, not its price, and certainly not its market cap.