pa6a24
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August 27, 2019, 06:16:01 PM |
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There's a lot of coins in the market that have abandoned the admins. I think each of us has so many such coins
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sana54210
Legendary
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Activity: 3290
Merit: 1128
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August 28, 2019, 04:35:51 PM |
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
I don't think that all creator and developer will go because cryptocurrency is too worth if they're leaving the crypto. But if that thing is happening, then the coin will not have support from the creator and the developers, and the coin will be abandon by the people too. The coin itself will die and disappear from the market without any chance to rise back. The coin will not worth in the market, and it will be delisted from all of the crypto markets. Before investing in a project, we have o look at the framework of the project, and we have to know of the continuity of the project also. That is why they are always team that won a project and I don’t think that it would be individual, even if they should creator of the coin dies, there should be other team members that are knowledgeable enough to pick up from where the creator stopped, In the case where the project fail or go bankruptcy, then the project will slowly be dying down because there would not be any push for it as the team that were in charge also would have withdrawn. It boils down to why we have people always advising about knowing the team too well before relying n a project for a long term investment, only a solid team will never give up on a project.
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auntyjmary
Jr. Member
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Activity: 368
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August 28, 2019, 10:55:18 PM |
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The success of many projects depends on the support from the community. Whether the developers or the team behind a project gives up on a project or not the community or users of the particular coin can help sustain the project. Cryptocurrencies runs on the amazing blockchain technology hence a project can still continue with adequate support from a group of individuals and not necessarily the developers.
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gundala
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August 28, 2019, 11:43:49 PM |
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The price of cryptocurrency is strongly influenced by market demand and supply. If a developer leaves and doesn't develop an innovation related to a price development strategy, then it could be that the token or coin loses its selling power. Over time the tokens or coins become less valuable as demand declines.
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Leonardo7
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August 29, 2019, 02:14:19 AM |
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Not all projects will die with their founders since there is a team of developers and provided the source code is open as stated above by of the commentators. Just, for example, Satoshi has no control over bitcoin and we don't even know where he's currently, but the bitcoin continues to be glorious. This is why it's dangerous to invest in a centralized project.
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akirasendo17
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August 29, 2019, 02:32:30 AM |
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it depends on the developers mostly to the current one today there will be someone taking over if the developers die but if it is a scam coin thats the different situation its a scam, so make sure you join a good and trusted ico or a good company
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p2pclub
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August 29, 2019, 04:40:30 AM |
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That day . I think many " bounty hunters " and " traders " will shout all in mass threads with the same keywords title : scam exchange; big mistake; what the f with them; they cheated us; how to find them; etc etc So, place your hope in right things and stop blaming .. j/k
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Christinebeauty
Copper Member
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August 29, 2019, 05:33:02 AM |
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Majority of the coins have on the market today are basically dead. They are no real use case so they've turned pimp and dump coins. Because of this the developers influence are hardly felt. Such coins are just being traded for trading sake with no proper development
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saba1256
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airdrop-pepe.art
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August 29, 2019, 11:47:18 AM |
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You should know all developers can't die at the same time, this world can't empty from developers if any developer die than new developer will be borne this is nature and nature is running by GOD, so you don't worry what will happen you should don't think this, only BTC have worth and will always remain but don't know other altcoins that will exist or not in future .
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Airdrop PEPE Claim 10$ A NEW EXCHANGE,SIGN UP TO GET 7 USDT (https://u.to/Yzz7Hw)
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Ochakemaput
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terra-credit.com
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August 29, 2019, 11:54:01 AM |
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we often see events like that in projects that aren't very promising. even though there are successful projects that get development funds but then they disappear and it makes losses for investors. some projects that have been registered in the exchange also experienced it, the developer disappeared after 1 year of their work without meaningful updates.
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Rikotin
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August 29, 2019, 12:06:44 PM |
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if the developer is lost (leaving the project) the coin will automatically die or be difficult to develop because the user will not survive with a coin that is difficult to develop. if the maker dies (developer dies) the coin can still be developed but it depends on how the project crew maintains the project so that investors stay with the coin, but the chances are small. if the project goes bankrupt (there are no investor funds) the project will stop or the project will be postponed until the investor returns to trust so that the project can run later on.
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Bodarbala
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August 29, 2019, 07:43:27 PM |
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If the sudden death of the developer will cause bankruptcy, it would be better not to invest in the projects.
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Jolly.Roger
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August 29, 2019, 07:49:49 PM |
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
This basically means the completion of the project. Although sometimes there were cases that the project pulled the community, but such cases are extremely rare.
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Mila52
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August 29, 2019, 08:28:32 PM |
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
This basically means the completion of the project. Although sometimes there were cases that the project pulled the community, but such cases are extremely rare. There is a team behind any project. And if a team believes in its project and idea, it will live and develop.But this is often a signal about a scam project and the goal is to disguise the of collecting more money and go.
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scambust
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Activity: 1652
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August 29, 2019, 08:31:14 PM |
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
When this happens, usually the price crashes to near zero. The network will live on but no more developer to update the coin. Unless there is a community takeover. But these takeovers don't last. Eventually the coin will be abandoned.
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tippytoes
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August 29, 2019, 08:47:16 PM |
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
This basically means the completion of the project. Although sometimes there were cases that the project pulled the community, but such cases are extremely rare. There is a team behind any project. And if a team believes in its project and idea, it will live and develop.But this is often a signal about a scam project and the goal is to disguise the of collecting more money and go. We can't deny the fact that high number of projects are created just to rip money from unknowingly investors. However, they keep on trying and trying because there are people that still shell out money to these projects hoping that they will get large profit. But very few projects can really demonstrate and cater their objectives. Only those with real use case in the market are deemed to survive. Everyone else, are just for quick buck for the developers.
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cytpoway121
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August 29, 2019, 10:05:34 PM |
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You don’t have to worry much about coins creators and developers Regardless of what happens to the project; the existence of the developers plays little role
Lots of altcoins will vanish
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zero714309
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August 29, 2019, 10:17:43 PM |
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It depend on the project,how good they are. As i know doge dont have ceo anymore but we can still see doge survive in the market. Its natural demand. What the main reason project successful because the project development,team and supporter/investor.
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Mrsparks
Jr. Member
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Merit: 5
I-CHAIN - The Revolution of Digital Advertising
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August 29, 2019, 10:35:58 PM |
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Are the coins we have still worth anything?
Well the truth is they become completely useless in the advent of such..And this is one reason we sincerely need checks and balances in the crypto space to mitigate against things like this...Its rathee R unfortunate that non of the blockchains in the space have been available to provide checkmates for issues such as this..
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rezakurnia66
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August 29, 2019, 11:29:35 PM |
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
Developers decide the fate of projects they have. If these developers have problems or go bankrupt, I think investors will slowly decline. And the project will crash and be a project that's not worth it. The selection of this project is very important, many people are invested because the project offers great benefits. But what happens to the project is bankrupt, so this becomes a very important lesson for us.
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