Bitcoin Forum

Hope you guys are all gearing up for altcoin season? I hope we will eventually get there this 2021 hopefully, I just what to share a vital point about crypto projects today that many people are still overlooking, the picture down below is an example of partnerships for a project

https://i.imgur.com/92WNDnx.png

Partnerships can safe a project from massive sell off, it can make big investors and whales believes more in the project and decide to hold their coins or tokens for future gains, partnerships also reveals how serious a project is going to be in future.

Do not take this as just an advice, it's a very valuable one, without partnerships it will be hard for a new crypto project to keep up this days, I was able to see more potential in few crypto projects because of the partnerships they had, DIA, Avalanche, Ferrum Network, Cartesi etc

Newbies most especially I hope this gets to you

Indeed partnership speaks a lot about the project. The more partnerships are created, the more reliable and legit the project appears. The more popular the partners are, the bigger the project looks like to people. Partnership signifies determination and seriousness on the part of the project to really produce something which is of actual use in real life.

But the point is also that partnership is not everything in a project. I have seen projects which started to have good partners but they ended up failed. Or probably because they are only creating partnerships even in the most little of ways simply for the sake of having them, just so they can say that they are already partners with this and that company. There must be large projects which started to only have a partner or two or even nothing at all but still reached success.

Hmm very good advice, unfortunately I have my buts, the first but is

1. Partnerships are different from partnerships, newbies need to make sure the partnerships are top notch

2. Newbies must not take partnerships as the first thing to look up to when finding new projects to invest money on, make sure the you look into the project's utility and team

3. Good partnerships doesn't mean the project will stay alive for long, failed projects do have good partnerships too

The Little difference here is scam projects don't have partnerships unless they fake it

Yes i agree with you, strategic partnerships are vital to the success of businesses, And it's the same in the world of cryptocurrency.
For cryptocurrency projects to grow at the rate they need to and convince the world that they're big enough and strong enough to be adopted, strategic partnerships will be key.

Partnership just for the shake of creating a buzz delivers nothing. A number of useless tokens fighting for the same genre making a partnership brings nothing. But a number of coins of which some have some sort of finished and usable product or service, could bring on more value to itself and the ones it partners with. For an example among the ones featured in the graphics, Gemini already is a trusted wallet and trading platform. Anyone partnering with them would bring some level of expertise help to them.

I'd rather choose a project with good use case and good partnerships, this days many new projects find it hard to confuse big investors, things can turn around once they start getting in partnerships with big well known companies too, can't say this is a bad information, it's definitely a good one OP

Not all partnerships should be consider top notch, some partners are rubbish, unknown and not common, but it's indeed true that big partnerships can brings better adoption rate for a project, still partnerships shouldn't be considered as the first choice or way of choosing a project

Honestly partnerships isn't a must, I've seen too many projects that became successful without any partnerships help, there are dozens of old crypto projects that stands alone with no other third-party partnerships and they did very well, I hope newbies won't put partnerships first but instead be more serious with the projects real potential and use cases

The partners have to be strong and popular for the project to get well noticed but I've seen few projects with good numbers of partners and they project still failed, this is a big lesson to many that are choosing new projects because of good partnerships, it doesn't count much for me

Partnerships are adding value to the project especially if the partner is a very popular company or with a good track record. That's what investors like to see for those partnerships that are happening. But not all partnerships will bring benefit to the project.
What if it's just a made up partnership and coming from an unknown company or another project? that adds no value to the project that wants to get stability with that partnership.

This depends purely on the partnership. Because it's a word that can be used for pretty much for any reason.

I have seen project claiming for partnerships when someone forks their blokchain and uses it for their own ecosystem, and projects that claim to have partnered with microsoft and imb when they have merely supported some nonprofit organaisations with cloud servers.

Partnership that helps the project is only meaningful. There have been projects in the past that did come up with a lot of partnerships but got tanked when they were listed on the exchange. This mean we should understand the core concept of the project and also analyze whether those partnerships will be helpful for the project or not. Do not rely on partnership completely when you are investing in any project.

it's true that the partnership between projects looks good enough to help build a project so that it can be seen, especially if you rely on a large project that has been successful in the crypto world, of course the results will also be maximum. now the market continues to move forward if it cannot take advantage of opportunities then it will be left behind from projects that have a strong foundation.

I usually also look at the partner of certain project first before investigating even further, I mean being tied up with partner most of projects gonna have a hard time doing some strange things and to be able to have partnership with some popular ventures or such that means the team really serious about the projects.
The offering also usually results in success since they have partner that gonna back them up.

You can't take a partnership as a point to determine the success of the project. that's indeed the partnership can be a critical point to attract the buyers or investors but remembers the partnership must be verified because there are so many scam projects or defi platforms were faking its partnership and I can even mention some scam projects who have been mentioned the sites like binance, fenbushi capital and many more but the fact this project never cooperated with these partners.

The thing about partnership is how the people who can get such access are mostly privileged people. Some average joe who has this really good idea and business execution but have no relation whatsoever to the popular partner might just get wasted if people just judge the quality of a project from their partnership.

But guess what, most of people who have success usually privileged in the first place and have those things that support their success revolves around them so I guess thats just how business works  ::) . In my opinion, partner is important yes, but there's also many things more important to it. if the investor really want to see how the project could change the world for the better they should consider the technical aspect of a project not just merely seeking for profit which most of us are doing

Use case and partnership are two of the things that every investors and promoters should look on a project and they should partner with companies and projects with good reputation that will enhance their platform, these two are what defines a good project and will have a chance of adoption.

The project use case (utility) must be the most important when doing research on projects because there are some projects that did so well without partnerships, don't take partnerships so damn serious, though it's a very good move for projects to acquire more exposure, trust, etc but not all projects that have partnerships are good too

The partnership is always being used to increase the trust from the investors and it will create a gimmick that sounds like the project already trusted by various partners and it can be taken as a candidate to invest. The investors will be also seeing from there too. Investors have various perspective. Sometime there's a guy who has been taking the partnershiop more than code as the reason to trust the project but sometimes there's also the guy who abandon the partners to be considered as a critical thing to be verified
BTW it's not all the cases

Beware of FOMO, many projects that introduced few partnerships still end up in the dustbin, what they did is use partnerships to create hype on investors, they have no real intent of making things work out for long, it's all a perfect plan all along, partnerships isn't something to start looking into when doing research on new projects, take use cases and team professionalism very serious

the op is right, we should not taken the partnership lightly in order for a new projects to grow it needs something like partnership with other projects if you managed to see something like that there's a high chance that the project is legitimate and has a higher of chance to gather more investors.

Partnership is one of the best ways for start up projects to show potential in the crypto market. Why is this so?
Partnership is an acquirement strategy in which, the unknown quickly confers or acquires upon itself the long line of trust which has been belt by the known. It saves the start up projects a long year of waiting to build that trust and reliability in just one straight up deal with the known and reputable.

So, it's of vital importance to look for a company that stands out in a partnership deal as it's a criteria investors always look out for. Having a partnership with a company that has problems with it's reputation and policies is as well, confering on the start-up the same acquired acquaintance which would eventually send a bad signal to the masses who were looking to make some investments.

To me partnerships are just show offs, it works on weak minded investors out there but not for me, I've seen too many projects with many partnerships that still failed in the end, some fake projects even use companies as partnerships on their websites unofficially just to fool investors

You have a point on this. I have seen several projects also in the past with several partners on board, and yet they didn't achieve success. What we can do is assess those partners, their capability to influence the project. If the companies involved are big and popular, they have the chance to hit it off. Also, make sure that the partnerships are legit, as some projects are just using the logo of these companies without their permission. Ask for an official announcement regarding the partnership especially if the company is well-known.

Having good partnerships is just like getting more exposure that's all I can see about partnerships, they aren't really a must for new crypto projects but investors kinda believe that getting in partnerships with well know organizations means the project is real and that's not wrong but the usefulness of the projects matters more

I think we are experiencing an altcoin bull market. During this period, many coin can give us great opportunities. Sharing information about these coins is very useful. Newbies and veterans hopefully make good use of these opportunities  :)

New ICO and IEO projects can get the job done faster if they mingle with strong partners so I'd say partnerships works I'm some aspects, it's a good thing for a new project to have supporters and getting partnerships is a good way, it even gives investors the strong mind over the project

Partnership is so vital in terms of success of the project since they can give a huge contribution to the project to make it successful, but don't just look on the picture and verify if the partnership is true since anyone can paste a big company to their website and tell that they are partners. It's dangerous if we fall from those fake ones since it could make us lose our money so verification plays a huge role here.

to be honest, this is a vital information and also means of identifying quality projects. partnership created to advance the project and also to create more avenue for funds and publicity. some times, these partnership introduces investors to the new project and gave them a stand and a go ahead. partnership matters alot. also notice how scam projects failed to create such knowing fully well they will disappear without trace.

Well we all have different reasons why we invest or choose to invest in a certain project, for me partnerships are of two different types, some partnerships are nonsense, while some are of high quality, good partnerships is one way of detecting a high quality project, I recommend it 👍

Strategic pertnership can managed the coin or token sell of from retail investor, but it is not guarantee project to be succesfull, Developer and team also the most important thing for any project, development commitment.

Developers and the teams must be professionals for a project to be successful, partnerships is just among the ways for a new project to be successful and gain more awareness, it's not a must, not all new projects have partnerships

I agree with you that partnership is very important and should not be taken for granted as it gives a project some sort of integrity and also gives investors some sort of confidence to believe in the project, thus owing to the Importance of it, partnership is one of the vital points or factors to consider when looking for a trustworthy project to invest in. In addition, owing to the Importance of having partners, an investor also needs to be careful of the type of partners a project have, that is, it might be easy for a project to get partners, but the main concern is, how strong is their partners, having a strong partnership will contribute a lot to the success of the project in the same way, having a lesser strong partners will have little to no effect to the project, and this is actually why a lot of projects still dies despite having partnerships.
Therefore in my own opinion, study the partnership of a project thoroughly before investing in that project to be sure the project is worth it and not just using the partnership as a cover to achieve their aim.

I took the strategic partnership as a part of marketing trick, when the team can get a legit partnership and it will not only attract the demand but it will make people will be interesting to use the platform too.
Imagine when a new project can make a partnership with binance. link or something else and the supporters from the partners will try to take a look at the new project too.
It's a way to get more attention. I do agree with you

That's true partnership is one of the things that the project should do to increase not just traffic but also connection the more connection your project to other projects have the more chances it could find possible investors.

I have a thing for new projects that in no time find very good partnerships, it shows how serious and determined the teams are, I won't ever take this slightly, I was able to believe in ferrum network because of their partnerships too, I thought they are a joke, I hope people learn from this and thanks for sharing

in business, you will not be able to develop your business if you do not join or have a partnership. So it would be very strange if a project that "looks" good had no partnership at all. Partnership is something that must be done in building a business

Agree with the OP, we are all hearing a lot about alt season right now, but everyone really knows how it goes or just heard it will bring a big profit, yes it's absolutely don't go wrong with clear and transparent projects. But for the newbies they don't know such things, so i think people should care more about these things, it's more important and gives you a sense of confidence when investing in it.

I thought the space already understood that all these famous parties (people, influencers, other CEOs and other companies) all do nothing for the coin price? Maybe back in 2017 you could pay someone famous to Tweet about it or do a PR about some major partnership and people would rush into buy. But now everyone knows even if it works,,, it is only for a moment before the dump comes.

Old news, old tactics. People are wiser now.

Partnerships are important but the most important thing is utility. I can't emphasize that enough. Do not invest in projects because of "the tech" or just because it's mineable with a cool new algo. Projects will not succeed unless they have a business use case that generates revenue. That's why I invested in DeFi platforms that generate profit like UNCX and FARM and 0xMR, which is integrated into casinos.

Partnerships with exchanges provide a lot of trust for investors, because exchanges are already trusted, and have the courage to trust the project, even become partners, from here investors don't need to think much about buying it.
 But not all projects partnered with exchanges will be successful,