An Optimist Asks The Community

[ric0chet]

Greetings BTCT community, my name's Stephan and I'm a business major mostly working in product development.

Even though I've never had contact with (or tried getting into), I recently got a job offer for an assistant marketing position in a team developing a blockchain project .
I've made a thorough background check on the project and concluded that they're completely self-funded and have an experienced/sucessful team, so I've started seriously considering accepting it.
(and no, I won't name the company here, the purpose of this post isn't to promote anything.)

The only issue I'm currently having is that running marketing for a blockchain company is a totally different beast than doing the same for a regular one.
Managing both sides of a business (platform promotion & utility token promotion) sounds like a great juggling act and, like I've already mentioned, I'm obviously not one of those people who was into BTC since 2010.

So I'm trying to learn as much as I can in a short time span and understand the crypto market and the community affinities.


I'm asking you, the community, for help, please Obi-Wan, you're my only hope

For all you alt-coin investors:

-What do you look for when you invest in a project?
-What cryptocurrencies were a successful investment in the past? And why do you think they worked?
-Any altcoins you believe will be successful in the future? What gave you that feeling? Was there a "click" moment?
-What do you dislike about current crypto projects?
-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)

For the general community:

-What's the most common way you've discovered a new project in the past?
-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell? 
-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

Any and all answers will be welcome and will help my decision

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[coolcoinz]

What do you look for when you invest in a project?

Good experienced team with clean records (no previous scam involvement)
Whether the idea is interesting and has a purpose. For instance there used to be so much hype surrounding game coin, it was supposed to be used with steam games and such and its value went from $6 to $0.2. This is just one of many projects that was based on an idea of actual use but failed to reach its goals.

-What cryptocurrencies were a successful investment in the past? And why do you think they worked?

Monero is a good example. It used to have a very small community of believers and revolved around the idea of anonymous transactions which was something that Bitcoin had in the beginning when almost all its users were mining. With the rising price, difficulty and number of exchanges, this anonymity was lost. Monero filled this niche by offering something that people needed and that Bitcoin did not offer.

-Any altcoins you believe will be successful in the future? What gave you that feeling? Was there a "click" moment?

I think that many altcoins are oversold and will go back up by a t least 20% when the bear market finally ends.

-What do you dislike about current crypto projects?

Lack of transparency, people expecting quick gains with little work, good projects being drown in the sea of bad ones.

-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)

Release code after proper testing so that it works fine and is secure and do market research before you share the idea.

-What's the most common way you've discovered a new project in the past?

By browsing the forums or reading articles.

-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell?  

Yes, it's a good idea. I wouldn't get interested in some projects like byteball if not for their signature campaign where I found out about the airdrop. That pushed me to download the wallet.

-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

Spammers and managers who allow these spammers to thrive. Instead of focusing on quantity they should hire a smaller number of good posters. If you see spam with a signature you start to hate the projects instead of being attracted to it.

[HODL2090]

Firstly, I would out a disclaimer, as I am not an altcoin investors and I don't encourage altcoin investments, especially ICOs.

For all you alt-coin investors:

-What do you look for when you invest in a project?

A dedicated, credible and verifiable team, for me the human factor is the most important section of a project, followed by the product and the process. It's not always possible to get all this qualities. But a reputable known person in the team can help to boost confidence of investors and increase credibility. A big partnership can also do that.

-What cryptocurrencies were a successful investment in the past? And why do you think they worked?

One that comes to mind in Countinghouse, CHT. There are also more notable ones like steem, binance. One of the reasons they were successful is the earlier human factor. Dedication and commitment. And a clearly defined process of achieving their goals and navigating the roadmap.

You can research mote on successful project, and don't just look for those which raised millions, but look pre ICO and how they are holding up now.

-Any altcoins you believe will be successful in the future? What gave you that feeling? Was there a "click" moment?

Countinghouse,  CHT I predict, would be successful in the future. And there were so many 'click moments'. Notably how they handled setbacks regarding initiating buy backs by the team.

-What do you dislike about current crypto projects?

The lack of an actual target, or solution to any problem. Most currencies these days just link any issue to the blockchain technology, create a road map and make huge promises.

-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)

Concentrate on solving a problem, and not making profit. Profits would usually follow problem solvers.

-What's the most common way you've discovered a new project in the past?
-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell?  
-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

I would answer this generally:
- ICO announcements sites like Icodrops.com you can also check out signatures of members on this forum.
- I don't recommend airdrops, if you want to be more involved, you can run a bounty for the project, this is also a better form of publicity.
- I don't really have any complaints as regards bounty campaigns, it's just a sector in the successful running of a project. And there would sure be good and bad ones.

[Hivalley]

-What's the most common way you've discovered a new project in the past?
-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell?  
-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

The most common way for me is through bounty threads on telegram,and also through members on signatures,its quite one of the easiest ways to find out about a project as a large% of users do wear signatures

I wouldn't really have anything nice to say about airdrops,ive never really fancied it,it just happens never to be worth it, I'll go with your words"avalanche of shit coins".

Nothing much I hate about bounty campaigns other than the fact that it infiltrates the forum with spam posts,though that has been duely handled with the new merit system,another dark side could be working for spam projects,you could realise you just wasted about 3 months or so of your time.

[pozmu]

-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)

Trust no one except your gut.

-What's the most common way you've discovered a new project in the past?

1. This forum altcoin ann section
2. googling for made up coin name 

-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell? 

You don't, just claim everything you can and you may get lucky.

-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

Lack of clear rules/ instructions, not enough automation.

[Dig Bicks]

99.999 percent of ICOs are scams or will completely fail, don't waste your time.

[Juggy777]

Greetings BTCT community, my name's Stephan and I'm a business major mostly working in product development.

Even though I've never had contact with (or tried getting into), I recently got a job offer for an assistant marketing position in a team developing a blockchain project .
I've made a thorough background check on the project and concluded that they're completely self-funded and have an experienced/sucessful team, so I've started seriously considering accepting it.
(and no, I won't name the company here, the purpose of this post isn't to promote anything.)

The only issue I'm currently having is that running marketing for a blockchain company is a totally different beast than doing the same for a regular one.
Managing both sides of a business (platform promotion & utility token promotion) sounds like a great juggling act and, like I've already mentioned, I'm obviously not one of those people who was into BTC since 2010.

So I'm trying to learn as much as I can in a short time span and understand the crypto market and the community affinities.


I'm asking you, the community, for help, please Obi-Wan, you're my only hope

For all you alt-coin investors:

-What do you look for when you invest in a project?
-What cryptocurrencies were a successful investment in the past? And why do you think they worked?
-Any altcoins you believe will be successful in the future? What gave you that feeling? Was there a "click" moment?
-What do you dislike about current crypto projects?
-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)

For the general community:

-What's the most common way you've discovered a new project in the past?
-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell?  
-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

Any and all answers will be welcome and will help my decision

If I understand correct you're joining an ICO team that'll stay legit for a while and then scam it's users, I would avoid such kind of jobs.

I normally don't invest in any ICO, as they're scam and waste of time, I think monore, gave good returns. The only advice I'll give is to avoid investing in it. There's nothing to like they're just scam. The best way to discover a project is the altcoin Ann threads here, airdrops and bounty just another marketing gimmick.

I will again say you're walking into a trap, since there's not much details available but think twice before you accept this job.

[Kakmakr]

For all you alt-coin investors:

-What do you look for when you invest in a project?
-What cryptocurrencies were a successful investment in the past? And why do you think they worked?
-Any altcoins you believe will be successful in the future? What gave you that feeling? Was there a "click" moment?
-What do you dislike about current crypto projects?
-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)

For the general community:

-What's the most common way you've discovered a new project in the past?
-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell? 
-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?

Any and all answers will be welcome and will help my decision

I always look for a project that would have a long-term use case and not a speculative short-term outcome. Some of my most successful Crypto currency investments were the ones where there were some actual use case behind the coin, like Ethereum and Smart contracts and Dash <improved anonymity>

The Alt coins with the most potential will be the coins with the strongest use case. <I cannot emphasize this more> My dislikes in many Crypto projects are the scammers behind some of them.

My advice to a new Crypto project would be to find a solution to a problem that would draw users and investors to your project and to market the project on a continuous basis on this forum. <Many projects lack a good marketing budget>

[The Cryptovator]

Most likely you are working with an ICO ( IMO), correct me if I am wrong. Your all answers is here; https://bitcointalk.org/index.php?topic=5004397.0

Most important thing for an ICO, what should a investor look in to the project. Although this post is for identify scam ICO but it's also helpful to find a good ICO as well.

[ric0chet]

Thanks for your honesty guys, every little bit of advice helps so keep em coming!

If I understand correct you're joining an ICO team that'll stay legit for a while and then scam it's users, I would avoid such kind of jobs.

To clarify, since there seems to be some confusion, the project in question is, as I said, self-funded meaning "not an ICO". Personally I also view ICO's as something of a short term prospects that have a potential to be scams (a sentiment I see a lot of you share) so I personally wouldn't involve myself in working for them.
The job in question should be a long-term kind of position.

Concentrate on solving a problem, and not making profit. Profits would usually follow problem solvers.

This is my philosophy on business in general as well!

My advice to a new Crypto project would be to find a solution to a problem that would draw users and investors to your project and to market the project on a continuous basis on this forum.

I feel it's a bit more complicated than that with drawing users and investors in, but I'll bear that last part in mind, especially if I take this job that's all marketing, thanks.


Coolcoinz, Hodl2090, Pozmu and all you others, thank you for your thorough answers, this is exactly the kind of feedback I was hoping for!

Additional Question:

-Any type of crypto marketing you hate and/or think are inefficient? Think Youtube, Facebook, Banner ads?
-Is there a type you think is innovative and works especially well?


S

[coolcoinz]

Additional Question:

-Any type of crypto marketing you hate and/or think are inefficient? Think Youtube, Facebook, Banner ads?
-Is there a type you think is innovative and works especially well?

Efficiency depends on the price. If you get one of the well known youtube vloggers to review your project it will always work wonders, but the price will always be a deciding factor. You don't want to end up paying him 50% of your total ad budget.
Forum campaigns and banners used to be a very cost efficient way as long as you kept the number of participants small and chose only those who post quality content. Hiring someone to do a social media campaign for you and manage your official profile is also a good idea, but it has to be someone who knows how to engage the community. Many people choose the wrong approach. They create telegram channels and pay people to join them hoping that if they do the channels will become active and the community will grow. It doesn't work like that. Those channels are all dead. Full of accounts that never say a word.

[ANNA_Systems]

-What's the most common way you've discovered a new project in the past?

Updates and articles in media and "word of mouth"

[erominer]

What do you look for when you invest in a project?

even though one of the reason or characteristics of an alt-coin is privacy or anonymity, I would prefer to invest in an altcoin with real identity of the team be public or transparent to public, sometimes i tend to think that a project is scam if they stay behind the mask or made up names.