jessyj48 (OP)
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August 08, 2019, 09:54:06 AM Merited by Kvalentine (2) |
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The time has come for developers to start creating projects base on real Working Products
Many projects that loses value in crypto space today are only created to follow the coin with highest volume or be drived by the top coin for example bitcoin
We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.
once investors start realizing that real working products is what makes coins and tokens dependant on their own rather than waiting for bullrun season many projects will die painful death because investors will only keep investing in projects with working products only.
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Darker45
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August 08, 2019, 10:09:13 AM |
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Unfortunately, a lot of crypto projects are seeking the support of investors even before a working product is released. If you notice the ICO or IEO or STO or whatever, most of them are only offering a paper to their potential investors. They are basically selling a solution to a real-world problem. This solution is by way of their product, which at this particular stage is still all in the mind. And the reason why they are courting investors is precisely to fund the realization of their product. So everything appears smooth, if only the product is indeed released after the funds are collected, according to the promised schedule indicated in their road map. This is the crucial part. Unfortunately, this is also where a lot of projects failed.
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dudusix9
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August 08, 2019, 10:10:26 AM |
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The time has come for developers to start creating projects base on real Working Products
Many projects that loses value in crypto space today are only created to follow the coin with highest volume or be drived by the top coin for example bitcoin
We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.
once investors start realizing that real working products is what makes coins and tokens dependant on their own rather than waiting for bullrun season many projects will die painful death because investors will only keep investing in projects with working products only.
I find some of your points to be true and at the same time, its very rare these days for some projects to already have a built platform behind during their fundraising event. Binance recently had a content creation platform listed, which already has a working platform and a huge following. That right there is a real working product which should already give confidence to its investors and supporters alike.
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xenomorphe1
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August 08, 2019, 10:12:22 AM |
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I have invest on some real working products ICO. But they are near dead. Like Bowhead Health who is making a special device for vitamin dispenser. But now, its coin is only traded on a decentralized exchange and the volume of exchange is 0. But the team is still working on its product and is going to sell it. Are they going to succeed? I don't know. But they surely don't depend on the coin. But they are maybe going to fail if they don't succeed to sell their products. Speculators don't care about real products and if they really work, they only look at quick profits. So its better to just buy at the start of an IEO or when it reach its lowest value and then sell at the highest price. Or buy a coin which is very hyped. I don't really know if there is real investors for a real product and for the long term now, as all coins for teams creating real products are falling to 0.
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Red-Apple
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August 08, 2019, 10:38:22 AM |
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Many projects that loses value in crypto space today are only created to follow the coin with highest volume or be drived by the top coin for example bitcoin
We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.
you are wrong about this part. no project cares about bitcoin price. all they care for and aim for is to increase their own price and they can only do that if bitcoin stays stable not rise and not fall. and they do that with pumping their coin. once investors start realizing that real working products is what makes coins and tokens dependant on their own rather than waiting for bullrun season many projects will die painful death because investors will only keep investing in projects with working products only.
i don't think so. investors over the past couple of years have shown that they care about making the most amount of money in the shortest amount of time. why wouldn't they? they are investors aferall. that is why the shittiest projects always take the topmost ranks and get the biggest pumps.
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Dingdongjl
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August 08, 2019, 10:44:28 AM |
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We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.
Nah, I think even that few projects you are telling here also care about the price of bitcoin because all of cryptocurrency will always depend on it King's status will affect everyone on his kingdom.
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Shallow
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SmartFi - EARN, LEND & TRADE
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August 08, 2019, 10:51:33 AM |
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I agree with you to a great extent. There are many projects today which are slowing dying because they have almost nothing to offer at the same time, taking a look at most upcoming projects which have developed their products first before listing or seeking for funds through IEO then listing, they are doing well thereby rewarding their investors. What am trying to point out is that, most investors are now understanding the need for working products as it will show the level of expertise within such projects thereby ensuring long term survival. Another thing worth knowing is that, the team behind such project should be highly experienced so as to continually improving their products if not, the project will gradually die as well.
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Lagduf
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August 08, 2019, 12:07:11 PM |
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Even a lot of major coins are only following the bitcoin hype and there was a lot of medium coin tier which is not following it but it has created a fully working product doesn't get a lot of attention from the speculators and holders. Once those investors will realize the real value of the product and so many coins will be dead included a coin which has created a blockchain but it's not working.
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cryptonewbie
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August 08, 2019, 12:10:47 PM |
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As a matter of fact, many investors have already started investing their money in only projects that have working products or fully functional. That's why these projects do not bother themselves with listing immediately after token sale as they know the true value of their project comes from its operations and not its exchange listings
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Lifes
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August 08, 2019, 12:13:23 PM |
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Thats what bother me in any coins related to crypto. Looks like no matter what your product is , what companies are involved with you , if BTC price fall down the other coins follow it to a lesser or greater extent.
It makes it looks like the only coin with is "real" and worth it its BTC.
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confreslamp
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CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
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August 08, 2019, 12:17:28 PM |
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Unfortunately, there are still not so much projects that can already provide a working product. The most projects are still developing their products, but you are right, if there is a good working product everyone understand that the price increase is just the matter of time.
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TanakabZX
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August 08, 2019, 12:24:25 PM |
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Unfortunately not all projects with working product will survive for long because some working products are not strong enough and if there is other competitors already it will be very hard to succeed,i think the best advice to developers is to bring in new working product ideas and not repeatatitve projects
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accounting 181293
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August 08, 2019, 12:42:22 PM |
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The developer usually collects funding, then does the development. if they can start development, and after that collect funding when their platform is released, maybe this can happen.
but the problem they do is the opposite. and after their platform was released no one was interested in the project anymore, because all investors were disappointed.
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Rikotin
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August 08, 2019, 12:55:18 PM |
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We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.
Nah, I think even that few projects you are telling here also care about the price of bitcoin because all of cryptocurrency will always depend on it King's status will affect everyone on his kingdom. Well not really, the proof is that the price of bitcoin is increasing significantly, but what happens with altcoin is not following the trend of rising bitcoin. I don't think all coins depend on bitcoin, I'm more confident about market demand
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Ken_terrance
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August 08, 2019, 01:02:28 PM |
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The main problem is trust,developers arent keeping promises they make to investors and once investor start losing trust they take out their money and invest in other projects,developers should always put investors first before any thing thats the only way even if the project is backed by working product
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Google+
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August 08, 2019, 10:21:47 PM |
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The main problem is trust,developers arent keeping promises they make to investors and once investor start losing trust they take out their money and invest in other projects,developers should always put investors first before any thing thats the only way even if the project is backed by working product
well, trust from humans is difficult to obtain at the moment there are many programs that make sweet promises at the beginning but when at the end of the fundraising program some teams start to not care and just want to take money from investors, but I really hope that nothing else like that.
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bitkanu
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August 08, 2019, 11:29:24 PM |
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There are some project with working products ready and you know what, they died. No one is using their product although it is working because people only care about the Token or to flip money. Although there is some that still working and supported by the community but as I've seen most of them are just being left by their own community.
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livingfree
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August 08, 2019, 11:50:23 PM |
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Time will come that projects that will be created soon are base on its purpose and use case. The era of useless projects will be gone soon when the community finally realizes that its no use investing with those kind of projects.
We are at good rate now, projects that do come still base on the hype and we can't blame the market for following bitcoin's lead because all projects and alts do the same.
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Pet240
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August 08, 2019, 11:53:56 PM |
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@OP, that is nothing but the raw fact. The few god projects will always find their way to the top, irrespective of the market condition. There are projects that did not organize IEO and yet they are doing greatly well. A some of them even increase as much as x10 their fund raising price.
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coin-investor
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August 09, 2019, 01:09:05 AM |
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The time has come for developers to start creating projects base on real Working Products
Many projects that loses value in crypto space today are only created to follow the coin with highest volume or be drived by the top coin for example bitcoin
We only have very few projects that doesnt care if bitcoin increased or not because there will always be demands for the coin or token based on its working product.
once investors start realizing that real working products is what makes coins and tokens dependant on their own rather than waiting for bullrun season many projects will die painful death because investors will only keep investing in projects with working products only.
Every coin is defined by the product or platform it is associated with, gone are the days when you can create a Bitcoin clone and it people will buy your coin even if it has no concept or product behind it, competition is very stiff now, the lifespan of coins that cannot keep up is very short. People are now looking for a long term platform and new concept, I can say that investors are wiser now, they knew if the project is for a long term because they have seen from a successful projects how it evolve from getting funded to developing their platform.
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