iamtheava (OP)
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April 17, 2015, 07:34:23 PM |
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I'm doing some research and would love everyone's insight.
What makes crypto-coins fail, die, go out of business?
I'm looking for specific things that are tied to a coin failing. I heard many coins fail because they're dumped and so value leaves the economy. What else makes them fail?
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generalizethis
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Activity: 1750
Merit: 1036
Facts are more efficient than fud
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April 17, 2015, 07:56:43 PM |
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I'm doing some research and would love everyone's insight.
What makes crypto-coins fail, die, go out of business?
I'm looking for specific things that are tied to a coin failing. I heard many coins fail because they're dumped and so value leaves the economy. What else makes them fail?
I would say a lack of why is the biggest one. If a coin doesn't have a reason to exist outside of making people money by selling higher than they bought it, why would anyone want to use or keep it? Also, claiming more than you can deliver is a big no-no. Just be upfront, honest and good people will support you and your coin. |
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Spoetnik
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Activity: 1540
Merit: 1011
FUD Philanthropist™
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April 17, 2015, 08:51:43 PM |
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not being Bitcoin is a huge fail..
like the other guy said pretty much.. features etc.
unless it blows BTC out of the water it's useless ..............and the devs knew it before launch
so..
why do you think thy keep pumping them out ?
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FUD first & ask questions later™ |
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MadCow
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April 18, 2015, 05:47:04 AM |
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community, people supporting a coin make it work. A 100% clone of bitcoin could wipe out every coin, including btc, if as little as 5 million people started using it regularly.
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scarface
Sr. Member
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Activity: 350
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Spectiv VR Crowdsale: 12/08/17
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April 18, 2015, 08:22:23 AM |
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being a premined scamcoin makes them fail
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tyz
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Activity: 3360
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April 18, 2015, 09:27:22 AM |
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The most coins which failed so far were purley scamcoins, cheap copies of Bitcoins source code that were set up only to make quick profit for their founders. All serious coin projects are still alive and prosper.
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nihilnegativum
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April 18, 2015, 01:13:30 PM |
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Incompetence, fraud and lack of interest.
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CoinTop
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Activity: 56
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April 18, 2015, 01:37:21 PM |
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community, people supporting a coin make it work. A 100% clone of bitcoin could wipe out every coin, including btc, if as little as 5 million people started using it regularly.
agreed problem is new coins come out each day which all look good also. |
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Crestington
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April 18, 2015, 01:44:00 PM |
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Inflation (POW or high compounding POS)
Too low inflation
Negative public opinion
No development
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thundertoe
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Activity: 938
Merit: 1000
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April 18, 2015, 03:36:43 PM |
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failing is a matter of perspective, i would say a coin has failed when its chain is stuck and or has zero nodes.
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K210
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April 18, 2015, 03:53:31 PM |
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because they have nothing new to offer, look at the top 10 coins on coinmarketcap they all have special features which give them value ( with the exception of ripple which is a centralised overvalued piece of shit).
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shapeshift
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April 18, 2015, 06:53:58 PM |
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Lack of
-community,
-security,
-services,
-development,
-excitement,
-marketing etc ...
Coins fail because they have at least 2-3 of above lacknesses. Also BTC price decrease affects all altcoins in a bad way.
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Amph
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April 18, 2015, 07:29:48 PM |
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the dev in 90% of the case, when he run a malicious code with backdoor other crap like that
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