Bitcoin Forum

The time has come for developers to start creating projects base on real Working Products

Many projects that loses value in crypto space today are only created to follow the coin with highest volume or be drived by the top coin for example bitcoin

We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.

once investors start realizing that real working products is what makes coins and tokens dependant on their own rather than waiting for bullrun season many projects will die painful death because investors will only keep investing in projects with working products only.

Unfortunately, a lot of crypto projects are seeking the support of investors even before a working product is released. If you notice the ICO or IEO or STO or whatever, most of them are only offering a paper to their potential investors. They are basically selling a solution to a real-world problem. This solution is by way of their product, which at this particular stage is still all in the mind. And the reason why they are courting investors is precisely to fund the realization of their product. So everything appears smooth, if only the product is indeed released after the funds are collected, according to the promised schedule indicated in their road map. This is the crucial part. Unfortunately, this is also where a lot of projects failed.

I find some of your points to be true and at the same time, its very rare these days for some projects to already have a built platform behind during their fundraising event. Binance recently had a content creation (https://www.contentos.io/?utm_source=lx) platform listed, which already has a working platform and a huge following. That right there is a real working product which should already give confidence to its investors and supporters alike.

I have invest on some real working products ICO. But they are near dead. Like Bowhead Health who is making a special device for vitamin dispenser.
But now, its coin is only traded on a decentralized exchange and the volume of exchange is 0. But the team is still working on its product and is going to sell it. Are they going to succeed?
I don't know. But they surely don't depend on the coin. But they are maybe going to fail if they don't succeed to sell their products.
Speculators don't care about real products and if they really work, they only look at quick profits. So its better to just buy at the start of an IEO or when it reach its lowest value and then sell at the highest price.
Or buy a coin which is very hyped.
I don't really know if there is real investors for a real product and for the long term now, as all coins for teams creating real products are falling to 0.

you are wrong about this part. no project cares about bitcoin price. all they care for and aim for is to increase their own price and they can only do that if bitcoin stays stable not rise and not fall.
and they do that with pumping their coin.

i don't think so.
investors over the past couple of years have shown that they care about making the most amount of money in the shortest amount of time. why wouldn't they? they are investors aferall.
that is why the shittiest projects always take the topmost ranks and get the biggest pumps.

Nah, I think even that few projects you are telling here also care about the price of bitcoin because all of cryptocurrency will always depend on it King's status will affect everyone on his kingdom.

I agree with you to a great extent. There are many projects today which are slowing dying because they have almost nothing to offer at the same time, taking a look at most upcoming projects which have developed their products first before listing or seeking for funds through IEO then listing, they are doing well thereby rewarding their investors.
What am trying to point out is that, most investors are now understanding the need for working products as it will show the level of expertise within such projects thereby ensuring long term survival.
Another thing worth knowing is that, the team behind such project should be highly experienced so as to continually improving their products if not, the project will gradually die as well.

Even a lot of major coins are only following the bitcoin hype and there was a lot of medium coin tier which is not following it but it has created a fully working product doesn't get a lot of attention from the speculators and holders. Once those investors will realize the real value of the product and so many coins will be dead included a coin which has created a blockchain but it's not working.

As a matter of fact, many investors have already started investing their money in only projects that have working products or fully functional. That's why these projects do not bother themselves with listing immediately after token sale as they know the true value of their project comes from its operations and not its exchange listings

Thats what bother me in any coins related to crypto. Looks like no matter what your product is , what companies are involved with you , if BTC price fall down the other coins follow it  to a lesser or greater extent.

It makes it looks like the only coin with is "real" and worth it its BTC.

Unfortunately, there are still not so much projects that can already provide a working product. The most projects are still developing their products, but you are right, if there is a good working product everyone understand that the price increase is just the matter of time.

Unfortunately not all projects with working product will survive for long because some working products are not strong enough and if there is other competitors already it will be very hard to succeed,i think the best advice to developers is to bring in new working product ideas and not repeatatitve projects

The developer usually collects funding, then does the development. if they can start development, and after that collect funding when their platform is released, maybe this can happen.

but the problem they do is the opposite. and after their platform was released no one was interested in the project anymore, because all investors were disappointed.

Well not really, the proof is that the price of bitcoin is increasing significantly, but what happens with altcoin is not following the trend of rising bitcoin. I don't think all coins depend on bitcoin, I'm more confident about market demand

The main problem is trust,developers arent keeping promises they make to investors and once investor start losing trust they take out their money and invest in other projects,developers should always put investors first before any thing thats the only way even if the project is backed by working product

well, trust from humans is difficult to obtain at the moment there are many programs that make sweet promises at the beginning but when at the end of the fundraising program some teams start to not care and just want to take money from investors, but I really hope that nothing else like that.

There are some project with working products ready and you know what, they died. No one is using their product although it is working because people only care about the Token or to flip money. Although there is some that still working and supported by the community but as I've seen most of them are just being left by their own community.

Time will come that projects that will be created soon are base on its purpose and use case. The era of useless projects will be gone soon when the community finally realizes that its no use investing with those kind of projects.

We are at good rate now, projects that do come still base on the hype and we can't blame the market for following bitcoin's lead because all projects and alts do the same.

@OP, that is nothing but the raw fact. The few god projects will always find their way to the top, irrespective of the market condition. There are projects that did not organize IEO and yet they are doing greatly well. A some of them even increase as much as x10 their fund raising price.

Every coin is defined by the product or platform it is associated with, gone are the days when you can create a Bitcoin clone and it people will buy your coin even if it has no concept or product behind it, competition is very stiff now, the lifespan of coins that cannot keep up is very short.

People are now looking for a long term platform and new concept, I can say that investors are wiser now, they knew if the project is for a long term because they have seen from a successful projects how it evolve from getting funded to developing their platform.

That's right, I think all investors will only give all of their money to facilitate the cultivation of projects that are real work. and of course a project that has a goal of not losing direction when the project has been launched so it does not disappear after a few months in the market.

Developers need financial resources to create a "real work product", for this they launch ICO and IEO. What do you think will happen if you take away the ability to raise funds from developers with an excellent idea?

It is just really hard to get a better ROI than with just holding bitcoins.
Except if you are doing things like pump and dumps.

Although that's true but most of the ICO or IEO as of now having a hard time making their "real working product" success and being used widely by the community.
Some developers might have a really excellent idea but an idea is an idea without making it a thing. However, real working product doesn't always mean a success for a project.

i feel like bitcoin is the only coin with the real use case here because of its adoption rate by investors and better community but there is no way to know what will happen tomorrow which is why i hold on to projects with working products,this doesnt guarantee that every projects with working product will become a success,its just that they have a better chance over other projects with no real use case

Truth be told, bear run has a way of affecting everything out there irrespective of how committed the dev team are or the project it is. Bull run earns everyone money if your project gets crippled in the bear season, survival might be hard.

I guess why would they? They are not doing something for the price of it, the price is the unimportant part of a project if they have a utilization. If they will create a token or a coin that would be used in something then they care about that product they will use it on to be good instead of the price.

Let's say you create a token that is basically one to one ratio for some company, then they would care how good that company does, that would reflect on the token eventually. Or maybe there is a game you can play with that token, they care how good that game is and if there are bugs or are the owners working on that bugs etc etc. Basically the utility of that token depends on the product you use it on and the price is not that important since people got it to use it not trade it.

Why would they bother themselves with the bullrun when They have something that can push the price up. Take a project. Like binance for example,  the holders thinks little about bullrun because the project has all it takes to push price up

Bullrun favours every project, but if it does not come, a good project should not stop growing in value.
The best time to know that a project is good is during a general bad market situation. At least, we have seen some projects that showed such good qualities and ability, which is not just one or two.

The big question is, how many projects have working products in real life? Most just have products which are yet to be adopted, and nowadays all developers still have great concern for price of their coin which is not bad entirely. Development of solid product is cool, adoption is another hard nut to crack. I really wish well for team members doing everything possible to attain their project aim, without focusing too much on bull run or bear market speculations.

There are plenty of projects that have already releasing a working product but you know what, most of the investors or people under the community of those projects rarely use the product. it will just create a hype and then it's gone the product have no users and moreover the project also couldn't grow because of that. Any project with real working product must also consider whether their product have a market or not.

From my observations so far in crypto currency; it is not about creating a working product
Projects with working products Have gotten delisted and died away

And projects with working products have equally gone atleast -100x ico or ieo price
Recently , miracle tele has left investors in limbo

Real project’s care only about the future; which is why few altcoins still top the rankings on coinmarketcap

the problem is that BTC prices have a big effect on market conductivity. good and strong projects, with working products also affected by this, market and investor trends towards BTC can be an indicator. It is not possible to achieve success in a market that is not conducive, but there are more problems, which is why many prefer to focus on developing products first to attract market interest to get the right timing.

I think the bull run can happen at any time depending on how the development of the project, when the project has a good development, it is certain that the price of coins will be very easy to run, now there are a few projects like that because investors are not too much interested .

Surely, but the problem is the lack of those working products. If every single coin or token that is listed on coinmarketcap, would have its own working product, BTC would not cost 10k and the market cap would be much higher than a trillion USD.

But some of them are still developing. Let's hope that the time will come and there will be really big, real projects. Of course, there are very few of them. And they do not need to worry about favorable market conditions. If they create a sought-after product with a convenient ecosystem, the value of the assets of such a project will almost always be at its best.
And the rest will die soon or in a few altseasons.