How important is a community behind a crypto project?

[Mohizadja]

If the projects team supports its community than it is a good sign that the project will live for a certain time and it is worth for investment
When I search for good coins I look if there is any product is developed. If there is no product and only the idea I do not invest in such altcoins. I've invested in Revain before (yeah it was really good when it jumped to 3 $!!!) and now I found a new project where CEO from Revain is Chief advisor. The project name is FuturesCoin: https://bitcointalk.org/index.php?topic=4661230.0;topicseen

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[jfederkins]

As for me, community is the key element in the crypto project. Everything depends on the community there only. I think that this fact will be actual for a long time.

[raahi]

The community or the team behind the cryptocurrency projects is one of the most important factors that let the whole team function if the team contains members that are aware of the current market position and white the product will fit the market needs they will possibly succeed

[amadocuaresma]

I concur with this,More specifically,Community for me is the most ideal approach to comprehend the solid coin better,Its better approach to tune in and consider experienced individuals conclusions and perspectives about X coin or another project.We know an excessive number of good ventures with 0 success,which didn't have great pr managers...therefore It likewise gives one extra advantage,When we don't have sufficient energy to get the hang of something better it causes me to discover here basic definitions,business models,strategies,theories,etc.Anyway its simpler to comprehend examination of any coins from community(+search engine),Its better not just for us as a consumers,Its additionally the most ideal path for venture designers and for PR directors to end up their undertaking more effective.

[taktik]

The community or the team behind the cryptocurrency projects is one of the most important factors that let the whole team function if the team contains members that are aware of the current market position and white the product will fit the market needs they will possibly succeed

in any case, if the product is in demand in the market and in the society, investors will also be much easier to invest. And this means that the development of the project will be much easier.

[ngawethu1]

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

In my opinion, it plays an important part of a project. you could see the interaction between the employer team and the members.
But it's not at all. we have to consider their technology and products before making our investment.

[docamvan1997]

Before analysing a project, i always see how large the community of project is. If large, it mean the project is well-knowed. Therefore it has a good chance to be successful.

[kidd07]

The community or the team behind the cryptocurrency projects is one of the most important factors that let the whole team function if the team contains members that are aware of the current market position and white the product will fit the market needs they will possibly succeed

Crypto community has a big rule in a crypto project they are the one who supports.Your community are the building blocks for your business. By making organic, wholesome relationships, you can turn your community into life long customers.

[republicrypto]

Before analysing a project, i always see how large the community of project is. If large, it mean the project is well-knowed. Therefore it has a good chance to be successful.

exactly,
because community is a group of people who always support the project,,
huge community behind the project will be very important for the project in the future
regards

[blockchainmarketus]

cryptoucurrency will die without community, for coins with their own network, there should be miners, traders and users. for tokens they should have holders. Bounty participants are community based of a token. It is a big mistake when a developers not pay the  bounty participants. The coins will be nothing in the market without community. the more community members the better the coin. I give example of coin with little community. Look at ATS ( authorship), the price is nothing in the market it is only worth 0.00000913 ETH, it is under ICO price. The investors will sell the coins at low price too.
Populous with huge bounty participants have higher price than other tokens. first time I think few bounty holders will sell at low price but not long. When the trade volume high , it will attract new traders to join instead low volume trading coins.

[derigop]

I concur with a great deal of things composed on the article, and I additionally feel that a decent network is pivotal for the eventual fate of a task. To begin with, each financial specialist will most certainly observe what the network of the task is saying in regards to it. On the off chance that they are not faithful, and are not extremely content with it, at that point it will presumably be hard for any financial specialist to enter the market. Likewise, a great network could help advance the task in the event that they are extremely dedicated to it. I know this will be an awful case, yet simply perceive how ponzi plans function. They are useless without their locale advancing it. At long last a devoted network, that has faith in the undertaking will undoubtedly hold their coins, shares, wtv, when things turn sour, since they trust in it, and that is presumably sufficient to bring any task from it's fiery remains. For example, I believe it's unthinkable for bitcoin to ever go to 0, since it's work with a network of solid supporters, so if it's value drops, they will simply purchase more, since they trust in the venture.

[coin-investor]

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

I agree with this article, the project needs an engaging community that will test the platform and promote the project, not just inverstors who just want to make a profit in a short term, they did not know that legit projects are more profitable in the long term, its really hard to build up a community in serious projects but the developers should also update the community constantly.

[Layers318]

Every cryptocurrency derives its value from the people. The more the demand comes from the people, the more the value of that coin increases. It is therefore very necessary to have a supportive community which is large enough to back a coin and trade with it.

[chosenboy4]

Only 54% of all cryptocurrencies and ICOs from 2017, are still operational. Almost every second cryptocurrency project last year failed. A trend which tends to reflect, either the drawbacks of the decentralised nature of such projects, or the lack of a clear community engagement strategy.

Being able to effectively engage a community requires choosing the right marketing strategy, particularly managing the various platforms on which you are likely to communicate the developments of the project. For digital currencies, commonly used social media platforms and communication tools include Telegram, Discord, Bitcointalk, Twitter, and Reddit.

The right level of resource commitment for the engagement strategy is also an important consideration. A return on investment should not be sought immediately, as an upfront cost is generally required to create the community and generate interest in the project. Community engagement should form an integral part of a new cryptocurrency’s go-to-market plan for the following reasons:

[kapetoshka]

A reliable and Active community is a must and very important for any cryptocurrency project. Without this in any way

[42K]

A community behind a project is really important and not just a community but a community who has taken risk and invested in the project.

[sharkpc2000]

Some general public determine a first-class visible and brimful epithet testament be exceeding persuading to development district benefit, on the other hand I determine honest counsel and updated fact are always exceeding absorbing to persuade general public that your cast arbitrariness is worth fighting for.

[cryptokia]

I think the community is very important because they helps us use all these possibilities to make our future better. All the people that work with the technical side of Bitcoin are very responsible and persistent. They all do a very useful thing.

[boberpuper]

Of course this is important for any altcoin ,as they need to enter the market .

[UconBit]

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

Thanks for sharing this, it's a great point. We sometimes forget about the people behind a project (especially since everything is digital these days) and get carried away in the technicals. But the technicals only exist because of the community. Without the people, we wouldn't have a functioning coin.

A public speaking trainer once said that if you are giving a presentation on a new product, don't stand up there and yammer on about the product itself. Talk about the journey that the people went on while designing that product. In the end, the audience cares more about the people than the machine.