Community members - are they just fuel for shitcoin rockets?

[ErikaTrujillo]

I think that we have to improve the place where we live AKA community of our favorite projects.
I’ve started my research and found out that community teams are underfunded and that is a huge problem for everyone.

Don’t you think that community for every project is one of the most important things.

How do you perceive the value of the community around the project's idea?

[1715422398]

1715422398

[FlamingFingers]

Indeed. No matter how strong, innovative or useful a project is, without a supportive community, it won't survive. Bitcoin has the largest supportive community of all cryptocurrencies, and that's one of the reasons why it is on top.

Don’t you think that community for every project is one of the most important things.

Dogecoin is the live evidence of this sentence. What was created based on a doge meme for fun became an obsession for many and made it to the top 50 coins/tokens with no real project, vision or goal.
Sometimes even, projects fail to reach their goals, either because of internal issues or hacks destroying the coin's reputation, and if the project is worthy and have a passionate community, they will take over and push the project to its goals themselves. I know there were a few projects like that, however, I don't recall their names.

[ErikaTrujillo]

Indeed. No matter how strong, innovative or useful a project is, without a supportive community, it won't survive. Bitcoin has the largest supportive community of all cryptocurrencies, and that's one of the reasons why it is on top.

Don’t you think that community for every project is one of the most important things.

Dogecoin is the live evidence of this sentence. What was created based on a doge meme for fun became an obsession for many and made it to the top 50 coins/tokens with no real project, vision or goal.
Sometimes even, projects fail to reach their goals, either because of internal issues or hacks destroying the coin's reputation, and if the project is worthy and have a passionate community, they will take over and push the project to its goals themselves. I know there were a few projects like that, however, I don't recall their names.

So maybe you have got ideas/suggestions how we can improve the current situation?
I think that crypto community have to develop the whole crypto landscape, that's what decentralization is about

[vlad230]

Exactly, the community & marketing is the thing that drives a coin nowadays. Considering there are thousands of coins on the market now.

There are a lot of great ideas & actual implementations of some good projects but unfortunately they do not invest in marketing & community to spread the word.

[ErikaTrujillo]

Exactly, the community & marketing is the thing that drives a coin nowadays. Considering there are thousands of coins on the market now.

There are a lot of great ideas & actual implementations of some good projects but unfortunately they do not invest in marketing & community to spread the word.

What do you mean at "invest in community"? Can you write any more concrete things about that?

[ChangOkada]

It is believed that this is very important. There is no community only at SCAM.
And it is believed that these are potential investors, because ICO is collecting money from the crowd.

[moonwalker322]

Exactly, the community & marketing is the thing that drives a coin nowadays. Considering there are thousands of coins on the market now.

There are a lot of great ideas & actual implementations of some good projects but unfortunately they do not invest in marketing & community to spread the word.

How can they "invest" in the community? Do you mean bounty or what?

[ErikaTrujillo]

Exactly, the community & marketing is the thing that drives a coin nowadays. Considering there are thousands of coins on the market now.

There are a lot of great ideas & actual implementations of some good projects but unfortunately they do not invest in marketing & community to spread the word.

ping ping

any answer? 

[TRUSTIES]

Precisely, the network and promoting is the thing that drives a coin these days. Considering there are a huge number of coins available at this point. There are a ton of extraordinary thoughts and real usage of some great undertakings yet sadly they don't put resources into promoting and network to get the message out.

[FedorIzmailov]

this is a fundamental part of the success you all rightly wrote the author. The more powerful they are, the better the project will be

[Fundalini]

this is a fundamental part of the success you all rightly wrote the author. The more powerful they are, the better the project will be

We must also take into consideration if the community is genuine and believes in the project sincerely.  If that were the case, then a project will succeed otherwise if it's like a community in telegram, twitter, facebook and other media with fake/bot accounts, it will surely fail.

[cryptocoinshunter007]

"Community is needed in the market. They help to add value and are an important aspect for the investors too. They help to learn more about the technique behind the investment.
"

[bitfocus741]

Obviously the community will add value to this market. It will really help the investors. Community for each project will make the market more professional and will also help to learn about investment technique like bitcoin has a community that helps the investors in making decisions.

[learningcrypto5421]

The importance of community cannot be described in a word. It is really needed in this market which will make the market more disciplined and this will also help to reduce the number of scams in the market. So community is really needed for development of the market.

[LinkinPrak852]

They are not useless at all. They are here to add further value in the market. Plus it aids the investors too. It makes the market get more professionalized and at the same time they play an important role in making the investors make their investment techniques better.

[LuckyOctopus]

You are definitely right about community being the backbone of a project or any goal that everyone wants to reach together. There are numerous examples of how a community has helped a coin to become one of the most promising projects of all time whereas the project was completely aimless or just for fun.

[MoneyGuardian]

Good to see someone finally talking about community. I have been telling my friends for a long time that it is the community that has been helping Bitcoin to keep their top position for so long. But, it is high time we also think about funding the community and find out ways to keep it improving further.

[LateMoveR52]

 To make good project a strong community is need . Its important  to have strong community. I don’t believe that only community is important there are other material to make a good project. But community is most important.

[MorningTradeNeo]

It's a common requirement to  be a successful project. Without any strong and reliable can't be grow up and able not to gain softcap. So this is very vital part for every project.

[darkangel11]

That's because it's not the developer's job to pay the community. It's a risk -reward situation. Developer creates something, the community gets excited, evaluates the project and spreads the word. The dev can give early adopters some token bonuses, but the chance to enter early on with small money and profit is already a reward. I'm sure you'd like the companies to pay the community to talk about the project, but they don't because they know that if the project is good enough people will talk about it anyway, like they talk about BTC.