Bitcoin Forum

Who is right? Devs or users?

I'm new to Lisk. Thought about investing as I like the idea behind it and as its price is super low. But the more I read about it, the more doubts I have.

If you go back a few years and look at some of the topics here in altcoin discussion, you would find that Lisk was a hot one and there was a *lot* of hype around it before and after it launched.  I didn't quite understand what all the hoopla was about, but there were a huge number of members who were contributing to it if I remember right (it was a while ago). 

And then Lisk just kind of fizzled out totally.  I hadn't heard anything about it in a couple of years until this thread, and it's one of those coins that makes me wonder what the hell happened to it...and op, I have no idea.  The developers no doubt still think it's a great project, but as always the market will tell you what the truth is. 

I had to check the price on yobit.  'LSK' is the symbol for it?  It isn't exactly trading for a single satoshi, but the price and volume are both pretty low.  It probably could be considered a dead coin.

For a coin with 136,332,638 total supply and being almost worth $0.8 in price and being among the top 50 coins on CMC, I would say that Lisk is nowhere near dead considering that the 24 hours trading volume is close to $4m, but it seems to me that your entire knowledge about the coin is based on what others has said about it (investors and developers) and not your own conclusions from your personal research. If you want to invest in any coin, it should be because you believe in it, not because of what others said about it.

I'm doing my own DD, but everything you'll find on the internet is another person's opinion ;-)

Yes, still has some volume and a "decent" price, but the roadmap (Lisk's ace seems to be some kind of SDK) is again and again postponed.

LISK has failed to deliver any solid progress in the last 3 and a half years. How long would anyone expect  to see products delivered from a software based project?
Though they have recently launched an alpha version of their SDK, there are no attractions seen towards it. They are out of their roadmap and the progress is just to fool the investors.

That's actually the users. It so dumps to believe the developer that has already got our money. I have watched this project and lisk is one of the crap platforms. it offers nothing and the token holders are getting profit from the actual price of token but the token holders never get the utility usage for their tokens.
Just a simple logic about where the developer is getting the money and that's from the pre-mined coin. Again, if the price of coin will be going down and this will affect how much money they will get from dump their token to the market. Dev is such a liar with so many bullshit promises that can't be trusted again.
Lisk is the one from a lot of crap platforms and i remember iconomi was also doing it.
Those garbage developers have been wasting our money.
SDK is not yet even rolling out even a lot of new platforms have finished built their own ecosystem. that's the worst development.

Users determine if a project is worth investing or not, well if there is no development for a project for a long time investors leave the project and makes the price of it dump which will make the development of the project slower. That is the point where projects slowly die until they lose all the people who supported the project. I've seen a lot of projects like lisk who even had millions of dollars from a sold-out ICO who had promised for a great project but the delays and excuses killed the faith of investors in the project.

I am one who had followed it before and bought a lot of LSK too.
But sold it over a year ago already or maybe more.
I dont really know what is happening behind it anymore but I do think it is still in the game.
Now, this is a risk you will have to take. Anything in the crypto field is possible. If you really believe that it has still a future then go for it.

Haha i like the way you worded this title :D CMC is fairly accurate, its probably lucky its still at 55 at this point tho really : /
I was an ICO investor of lisk, it was a good investment at the time, and people were really excited about the idea long term.
Nowadays it can be argued other projects have made faster progress, and speculators have been left with a sliding token.
Whos right in the end? hard to say, noone guarantees a token's price in an open market, its been years lisk has been available, its probably lucky to be worth what it is :P

Users of course. Developers are like cheer leaders hyping their coin so the price rises and they can cash out.

But the long term success of a coin depends on the users. Do they find it useful, do they use it for commerce, are the daily transactions growing, do they feel it is a store of value.

How much money that you spend to buy lisk?

I think when you intend to buy an altcoin you should check it first on coinmarketcap and see the development of its price.

I just know the lisk coin when I read this thread and I have a bit suprised when I saw its price movement. Reach all time high when 2018 ago and its price touched almost $40 but its price just $0.7 even its price had ever touch $0.09 at March 2017 ago.

So my conclusion is learn more about the coin itself before you bought it. At least it will make you believe that the coin is really worth to be choose as an investment place.

I bet you already answered your question as you say, the more you read it, the more you doubted it. So what's the point of asking? I mean trust your judgement, if you think they over promise but under delivered the project then I guess you just pass on this.

Don't be fooled of its ATH as I'm pretty sure it was just on hyped last year.

Well in my honest opinion developer will never say that the project they are building are going to be dead it will create FUD and make the coin really dead. They need supporters to stay so they can maintain the price giving news and update will add more interest from new  investors so they do this always.
For the users they are telling what they  think is real  happen if they say its going to be dead thats what they see  and they  feel that it will going to happen .

thanks, cryptofriends, for all your responses!

Always listen to users, because developers and team members will always make you feel excited about the upcoming announcements and will lead you to a false investment decision. Disappointed users, that already did it are telling true.

This is a typical case of the irony of things. The way we see things is the perception of they are. In this case, its possible they are both right and also both wrong. The developers are making statements from the position of optimism whether its the current position, it does not matter while the users who might be influenced their own short term motive of making profit to assume the worst. Either way the only determinant to who is right is time. Neither of the parties can beat it.

I've seen this coin grow few years ago but didn't expected that they will lose the hype due to the bearish market that we've once get through.

I'm also thinking the same that a developer wouldn't say something negative to their project unless he's not part of it anymore. The future of each project/coin really depends on how the developers will handle it and deal with existing problems.

The candid truth about LISK is that, the developers haven't achieved what's on their roadmap. Everyone expected that by now the "ETH killer" LISK should have projects built on its blockchain using javascript as on the project vision but that's not what's obtainable. Let's keep hoping anyway, the developers keep giving us hope.

Lisk is one of the oldest altcoin in the market. It has a good run way back 2017 but not this year. Bear market eating all altcoins. Some altcoins dropped 50%-80% of it's normal price and some are no value at all. Lisk is good tho. Actually it's one of the top altcoin in China CMC list. It will boom in no time if China unbanned the usage of cryptocurrency there. For now, just look for other altcoins out there which is way more active projects.

I am actually kinda impressed that they are still building in github this and it's still so high on the coinmarketcap. I've owned some lisk at the start but quickly moved to other things because it wasn't looking good back then. I haven't followed the users so i don't know what they are talking about but i have to assume there are some bitter investors. If the price would fall under 5k sats i would totally get in, even though there would be a lot of fud and angry investors at that point.

Successful projects usually depend on how the developer develops them properly according to the roadmap and whitepaper they write. But if the developer develops well without the support of the user or its community it all in vain. So both of them are defining developers and the community can build how their projects go according to plan.

Better to check there official Github repository. Some of the investors are negative because of price action which the developers has no control. If there code is updated in timely manner then there's nothing to worry about as long as the project is moving forward. Marketing will follow soon for the working product. Lisk developer is trusted and I follow them since the beginning.

Edit:
I already view there repository and they are still very active. Those negative investors is just watching the price action and never visit the code development of lisk.
Check it out for yourself here: https://github.com/LiskHQ

Is this a dead project???  ::) :P

https://i.imgur.com/1JuIoKk.png

Can the developer hype Lisk without support?
People are discourage already and I think that is already a sign that a pump might be difficult to achieve.

The value of it will come from usage and demand but yet as you saud people who are investors in it are already presenting it as dead.

But, it could just be rumors. Better go for the real deal investors.

as far as i can remember from day one the developers of Lisk have been trying to hype their project but were always doing a pretty weak job at it. with their horrible launch where Yobit listed the coin for trading even before it was released that crashed the price hard to their lack of proper advertisement and pumping power, has always made Lisk a very weak as an investment although it is a far better platform than ethereum when ease of use and costs and security are concerned.

Lisk is a top 50 coin on Coinmarketcap and I can assure you that it's not a position that you attain by being a "failure", Lisk is been developing steadily, I always tell people that when they want to support a project, it should be because of love for the project and not the potential profit they want to make from it,  I think the future is bright for Lisk especially with the recent  involvement of the Chinese in. Cryptocurrencies.

I don't really follow the development of Lisk but looking at the price and also the daily transaction value, I think this coin is good. If the issue is the price, now almost all altcoins are in poor condition and if we look at the exchangers who trade, I think many big exchangers are involved in trading this coin.

how can one support a project out of love? We work with high-risk investments. Each project is a startup that can be closed any day. you need to invest and support the project if you have fundamentally studied this project and not just love it

Uers are right they're the recipient of the developers works when they're not good about a project it doesn't matter what the developer does all that matters is the end users. Developers should find a way of keeping the users optimistic as they are.

Devs may be right as they know what they are up to, but it is the users that keep the project alive, if they are interested in it. You know what they say, 'The customer is always right.' If no one uses the coin, it can have the most amazing tech ever, and it still wouldn't matter, so I'm inclined to side with the users on this one. I'm not a huge expert on Lisk, mind you, but just as a general rule of thumb.

Just to be sure follow the users though developers know more than the users but usually they are bluffing as to more users invest into them even though it is already a dead coin. It has been several years since they last bloom I don't think of it would make it a comeback, many users already considered it a dead one, lots of doubt about the coin itself so it has no more place in a market.

Dead coins nowdays is almost impossible to comeback because many new projects born everyday and investors are must be hunting for new coins instead of buying old dead coins. Crypto competitors is getting strict right now so the best will survive and the losers will be dead

What is product without the end users? And that already answers your question. This is what many developers have been claiming about their projects, meanwhile they are not growing at all in the project and lack the users that will make it go to the next level, and majority of those projects that you even see do fake their volume just to get attraction, but they forget that they cannot keep faking volume if they don’t have real working product.

For lisk, I have known this project team to be good and hardworking when it was first developed, but it seems that they actually don’t have the capacity to drive the project forward, which is not making them to get the users that should be there to continuously use the product that they have. So dear brother, consider the project more from aspect of users and not developers.

I do not see any reason why I should use Lisk. It is an alternatvive blockchain, not accepted by the majority of the community, so its real use case doesn´t exist. People rather send you BTC, ETH or LTC.

You cannot read the situation by matching their position, because they are in different places. The developer will certainly make the project look good in the eyes of the people, while there's a user will really provide true support and some will make the fud to bring down the project. In my opinion you should examine the project more deeply, don't just analyze it from the outside. If there are still doubts in you that means you don't really understand how the project works. Try to put aside the sweet promises they made, you only need to think logically in reading the solutions they created and then make the possibility of whether they can realize them according to the targets they have set or not.