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Author Topic: Is it possible for a crypto project to fail even after there is a real product  (Read 289 times)
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September 03, 2019, 10:18:52 AM
Last edit: September 05, 2019, 07:10:44 AM by Carlonsins
 #1

Is it possible for a crypto project to fail even after there are a real product and demand in the market? I have invested in the Titanprojects and have been waiting for the projects to be launched for some time now. As per the latest update, they will be releasing their first product, which is a 3D game app, sometime this year. I am quite confident in this project, however, after reading some threads and comments on this community, I am having second thoughts about my investment in new cryptos. What should I do next?
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September 03, 2019, 12:52:33 PM
Merited by levyashin (5)
 #2

Sure there is.

If they put a fiat gateway and make token utility, it would fail.

Also, there can be a real product but it can be crappy or not needed. A real product doesn't make it is something good or needed.

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September 03, 2019, 01:02:57 PM
Merited by tk808 (3)
 #3

Is it possible for a crypto project to fail even after there is a real product and demand in the market? I have invested in the Titanprojects and have been waiting for the projects to be launched for some time now. As per the latest update, they will be releasing their first product, which is a 3D game app, sometime this year. I am quite confident in this project, however, after reading some threads and comments on this community, I am having second thoughts about my investment in new cryptos. What should I do next?

We have to understand that blockchain-based and cryptocurrency-supported projects are actually also business platforms and thus they have to make sure that they gain a good share of their targeted market and generate interests and also some good revenues, otherwise just like many start-ups they can also be failing. And just like traditional business, there is a high mortality rate for those who are just entering the market. Of course, there are some other important factors for failure. One, the people behind the project have to be truly professionals, experts or at least know what they are doing and they should be united to make the project a big success. Two, nobody of the team should entertain the idea that since they already have the money they wanted they can already let the project die...this is scammy mindset which sadly pervaded many projects in the past and even today. Three, the project must understand well the market it is playing with and make sure there is really a good demand of the products the project can be offering.

Just because the project is using the blockchain, cryptocurrency or whatever they might be having, it does not mean that a success is guaranteed. There is no exemption here much more so with the current market realities we are in right now. The situation of the market has already dramatically changed ever since ICOs made big headlines in 2017. In 2019 and for years to come, the market is already saturated with so many ideas and projects and surviving can take a lot of skills much more to flourish and be a leading name.


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September 03, 2019, 01:41:46 PM
 #4

Yes, of course, this is possible when the project with the finished product failed. I know more than one subject to this (for example, Tracker - Crypto Insight, Live Stars).
What do you do next? Wait and observe what will happen to your chosen project.

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September 03, 2019, 01:48:09 PM
 #5

Business in crypto world is same as business with fiat money. See Nokia, they have a lot customers over the world in the past. but, they can't survive. On crypto world will be same. Even they have a real product and good demand for today, we can't guarantee this project will be life forever. If you are already invest, i think the best way to make a decision is waiting for few week after products launch. if you think it will be good, you can continue to invest.

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September 03, 2019, 02:17:08 PM
 #6

Is it possible for a crypto project to fail even after there is a real product and demand in the market? I have invested in the Titanprojects and have been waiting for the projects to be launched for some time now. As per the latest update, they will be releasing their first product, which is a 3D game app, sometime this year. I am quite confident in this project, however, after reading some threads and comments on this community, I am having second thoughts about my investment in new cryptos. What should I do next?

I'm sorry to tell you but I cannot comfort you seeing how the project is performing in the market https://coinmarketcap.com/currencies/titan-coin/ Volume (24h) $9 USD, only $9 in 24-hour volume, this coin is almost dead and you have to be ready to admit that you invest in a wrong project.

There's going to be an exit scam anytime unless they can set their platform and continuously update their supporters about the platform that they are going to relaunch, but on the positive note, they are in at least in 7 exchanges, the developers should keep up.

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September 03, 2019, 05:49:19 PM
 #7

Are you sure about this project? This year, many projects that were frozen in 2018 have intensified. And today they are very successful. Coins of these projects increase their value and many of the community are very surprised by this incident. If you pay attention to Titanproject it is a very promising project. Not worry. I think that soon they will be able to show good results.

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September 03, 2019, 06:25:41 PM
 #8

People always want to invest in things that are worthwhile. Imagine projects with products that are not patronized or needed by people. It is very possible for it to fail due to low patronage or funds to keep the company running. This is the same situation with blockchain  based projects that don't have a firm foundation despite an existing product.

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September 03, 2019, 06:33:13 PM
 #9

yes, of course
because, there is no guarantee if a crypto with real product will always success mate
the project need huge support from their community also they need demands buddy


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September 03, 2019, 06:35:36 PM
 #10

Having a product is not the end that will give you the success.
There still some project that failed even there is a product ready.
A good marketing still needed and promotion to get more investors and partnership.

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September 03, 2019, 06:50:01 PM
 #11

DeNet have a real product but not have hype at all = fail ... so, yeap - very possible

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September 03, 2019, 06:51:30 PM
 #12

Unfortunately, we are facing such issues every single day. Look at Miracle Tele, they had an outstanding product that worked well and they were paying great dividends for several years. Right now, they are closing to shut down the project.

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September 03, 2019, 06:53:43 PM
 #13

There are lots in this regard that has failed even before starting.  I think there are lot of factors that are more germane to the success of a project rather than thinking backing up one's project with a product would give 100% success to a project. That's not objective enough..

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September 03, 2019, 06:59:10 PM
 #14

A successful project only need a jackass team member to take its project to its knees. It can be doomed in less than a minute if he has the access to the most important hardware of the team. We have seen projects failed with just miscommunication. But there are projects that end up very successful which were run by the community that even half of the community are all jackasses, the project continues to grow take for instance STEEM.

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September 03, 2019, 07:26:53 PM
 #15

Well it depends on what you mean by success. If you're measuring it in terms of trading price thwn I think you have it all wrong. A project's success is measures in terms of its ability to deliver on promises made to it's community and investors. As for what to do, just keeping investing in projects you believe in provided they have a solid track record and partnerships, they'll make sense eventually in terms of price.

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September 03, 2019, 07:32:52 PM
 #16

Real product does not guarantees success and we need to learn that even in the real world majority of the businesses fail and only a few projects becone successful with massive and life changing income for the people behind them, same is the case with crypto projects especially the new wave of token based projects that claim to come up with unique businesses but the simplest answer is that for every business we need customers and decent daily revenue for its success and not all businesses are going to get it.

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September 03, 2019, 09:04:30 PM
 #17

Real product is very essential for the progress of any project because it will create demand for such project
But at the same time, the marketing ability of the team is also as important as the product because how would people buy something they don't know exist.

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September 03, 2019, 09:54:18 PM
 #18

Is it possible for a crypto project to fail even after there is a real product and demand in the market? I have invested in the Titanprojects and have been waiting for the projects to be launched for some time now. As per the latest update, they will be releasing their first product, which is a 3D game app, sometime this year. I am quite confident in this project, however, after reading some threads and comments on this community, I am having second thoughts about my investment in new cryptos. What should I do next?
A project that do able to deliver or finish up their working product then its success will vary if the interest is there specially into its investors because
if a project didnt able to deliver their working product most of the time people do easily forget and the hype and interest was gone but this is just a possibility
because that interest might be woken up depending on the product that they would launch if its really worth for the wait.

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September 03, 2019, 10:24:10 PM
 #19

A real product doesn't mean that the project should be a successful one. It takes a hardworking staff to become successful. Some projects stop monthly reports, announcements and some admins even stop replying to members of important questions. If a project is like this with whatever real product, it will fail.

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September 03, 2019, 11:48:02 PM
 #20

Absolutely! Some projects with real products did fail which is a fact in cryptosphere most were due to mismanaged finances while some tend

to have " half cook" products without continued development only to be used for exit scams at the end! So let us be vigilant about this kinds

of projects and never be a victim of it.

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