Why 99% Alt Coin Will Fail? A Case Study

[imteaz]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  

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[gotit]

I think you nailed it.

It's about the money and not the technology. When it is about the technology, which is 1% of the time, 1% of those projects will succeed.

[v3liana]

because they into money and not thinking about developing the project. and many ico is a scam to funding a money. and third project hard to develop cause of lack of money, lack of support, unrealization and other things that make project unable to develop.

[AlexaSonda]

Yes I agree with your opinion. I think nowadays many alt projects exist without proper preparation. Has a team that is not experienced in his field. Projects like this usually last for 1 or 2 year.

[BossMacko]

Well i don't agree with 99% because i've seen 2 out of 10 alt coins are perfectly alive and still doing progressive development. The reason why others fail is because they only care on the money they can get and once they got the money already the development of the project becomes slow until people react on the progress then dev will run with the money, i've seen that happen most of the time on alt coins that i thought will going to become success but still money blinds everyone.

[Etemind]

Well i don't agree with 99% because i've seen 2 out of 10 alt coins are perfectly alive and still doing progressive development. The reason why others fail is because they only care on the money they can get and once they got the money already the development of the project becomes slow until people react on the progress then dev will run with the money, i've seen that happen most of the time on alt coins that i thought will going to become success but still money blinds everyone.

Same here, 99% is too high percentage. Though I agree with his reasons being cited here but as long as the project has a good dev team and having a good product that earn profit, I think its a good project. But I want also this ICO to have a body that regulate it  that protects the investors.

[HashFace]

I'd say the reason is that a lot coins don't serve a purpose.  Bitcoin is the dominant currency ... coin established just to be currency will most likely fail quickly, unless there is something new about them, like upgraded privacy.  There you have Monero and few competitors.  It's one of the reasons I'm supporting Deep Onion, it's new angle on privacy, so I think it has a better than average chance to survive.

Then you have all the coins trying to use block chain advance a technology.... file storage, lending, gambling, banking, etc, etc.  There is a lot of good innovation going on there, too, and that's an area where if you pick the winner for it's sector, you could have a good run.

[phanhongphuctg]

Yes I agree with your opinion.

[imteaz]

Yes I agree with your opinion.

Thank you i know lots of people will agree with me. But i am interested those people who isn't. i want to know their opinion. It will be fun debating on this issue.

[Flor1982]

because they into money and not thinking about developing the project. and many ico is a scam to funding a money. and third project hard to develop cause of lack of money, lack of support, unrealization and other things that make project unable to develop.

Most of investors and participants are of course are for the money and thats the fact. If there is already an early sign that the altcoin value specially new introduce coins are declining and after few weeks still no upward movements, of course it will going to create massive  withdrawals of support to the project due to afraid of losing everthing they invest in which we cant blame them because thats is natural in trading that even we are in their position we will do the same for the money.

[imteaz]

because they into money and not thinking about developing the project. and many ico is a scam to funding a money. and third project hard to develop cause of lack of money, lack of support, unrealization and other things that make project unable to develop.

Most of investors and participants are of course are for the money and thats the fact. If there is already an early sign that the altcoin value specially new introduce coins are declining and after few weeks still no upward movements, of course it will going to create massive  withdrawals of support to the project due to afraid of losing everthing they invest in which we cant blame them because thats is natural in trading that even we are in their position we will do the same for the money.

You are right, most investor are there for money, it's normal. Because they are investing, but other hand the Dev team or co founder, they have to earn trust and think long term, but it's sad to see most of alt coin dev think short terms profit. Which is why, the project fails before it begin.

[Beremat]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field. 

Yes, I totally agree with you. I think that the most important is they have to focus on their project. A good idea combines with a hard working can attract people to buy tokens.

[Tipstar]

With today's competition, no new coin or token would survive if they don't have an efficient and renowned team behind them. There's no place for novice developer.

[onrise]

Yes I agree with your opinion.

Thank you i know lots of people will agree with me. But i am interested those people who isn't. i want to know their opinion. It will be fun debating on this issue.

Unless if the coin has a purpose which it can solve problems of numerous people that coin will have the good demand and thus  it price will rise also . If the team is good and had a vision then too price will rise and will create demand else mostly coin will fail In most cases .

[BitSat]

With today's competition, no new coin or token would survive if they don't have an efficient and renowned team behind them. There's no place for novice developer.

We are living in competition age and if you want to survive you must have to done all your home work and its not only about technology its about money also because you need to do marketing and all material for success if you can do this then you are in 1% otherwise you are surely in 99%

[KingScorpio]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  

i like your post/thread but there is something missing

even if some huge organisation like worldcoin or ripple that is powered by the central banks printing press has access to billions of communal currencies, they still likely fail despite having a lot of knowledge of how to run an organisation including sue the shit out of the employees if they dont fall into line, including have their coinsultants regarding marketing

because the society is simply tired of their constant rule, bankers try to recolor themselves with cryptos, and that is an issue.

[imteaz]

Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  

i like your post/thread but there is something missing

even if some huge organisation like worldcoin or ripple that is powered by the central banks printing press has access to billions of communal currencies, they still likely fail despite having a lot of knowledge of how to run an organisation including sue the shit out of the employees if they dont fall into line, including have their coinsultants regarding marketing

because the society is simply tired of their constant rule, bankers try to recolor themselves with cryptos, and that is an issue.

Very good point. Crypto currency means decentralize coins, so people can use it freely, without telling anyone or control by anyone, so for Ripple, as they are trying to get into bank sector, how it going to work? I haven't check their road map yet or white paper, can't tell in details, but what i understand, ripple will not be decentralize crypto, it is controlled by someone, am sure about that. because look at their price, it doesn't fall so easily or ho up easily, so it is controlled crypto coins.

[bitcoinvestor]

I think you nailed it.

It's about the money and not the technology. When it is about the technology, which is 1% of the time, 1% of those projects will succeed.

99% are opportunists, sooner or later they will vanish and the true projects will come alive.We can't blame the amateur developers, when the faucet opened, the water will flow, it is in the cryptocurrencies, the faucets are opened, everyone can participate no need skilled developers , they become part of this growth. It is natural. When time goes by, the users or investors will be more selective to invest in ICOs.

[imteaz]

Just noticed on Alt coin announcement, what's going on with Ether coin? There are 5 new ICO associate with Ether everyday. Do people realized these coins has no value, or these are shit coins. Someone has to stop this madness.

[beachbummer]

Just noticed on Alt coin announcement, what's going on with Ether coin? There are 5 new ICO associate with Ether everyday. Do people realized these coins has no value, or these are shit coins. Someone has to stop this madness.

No one will stop as long as there is a sucker born every minute.

The prevalent FOMO also helps to feed the madness.