joseyphil82 (OP)
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September 12, 2019, 08:04:21 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
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dobolspeed3
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September 12, 2019, 08:35:47 PM |
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In crypto we can't just have one view, which in your opinion is good, not necessarily others agree with you.
It's the same as a good new project in your opinion, and according to others the project is not good. So we cannot force the same thing as you,
Of the many projects, there must be a good project there. But if investors are not interested in the project, they will die too.
Investors need clarity regarding the goodness of the project, because they often experience losses when investing.
So now, if the project does not provide benefits and profits in the future investors will certainly not interested and after all the project that you call good will die too.
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leowonderful
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September 12, 2019, 08:56:27 PM |
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It certainly doesn't help that a lot of major alt ratios against BTC have been falling for a while, and the USD value of many major altcoins out there have also been falling for a while now (especially ETH, which hit the $300s in June and has been steadily falling to around $180 where it is today), which might be discouraging people from investing into newer projects. There's also a lot of lower-quality projects out there nowadays which also doesn't help.
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Mila52
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September 12, 2019, 08:56:48 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
By what criteria do you determine the quality of a project for a community? What does means a good project ? The one that will give people the benefit and the working end product, or the one that will attract and collect large investments? You first must understand for yourself what is the concept of term "good"
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Upgrade00
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September 12, 2019, 09:00:54 PM |
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I think it's the quantity if scam and poorly organized projects which have been created over time. It was very popular during the bull run if 2017 and lots of projects we're carried on hype and FOMO, this attracted lots of scams into the upstart niche and it eventually became saturated.
Now, most investors do not consider it worthwhile to take out their time to dig up the good projects from the multitude of failing ones.
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audaciousbeing
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September 12, 2019, 09:04:23 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
What is largely killing the good business is funding because they most times don't get to anywhere near that soft capitalization talk less of hard cap which usually happen in the past and when that happen all milestone established in the framework and project completion timetable becomes a futile exercise or say an exercise that is a waste of energy. The reason is not far fetched though, its that the market has gotten to a point where every project sends a signal of scam and several amount of money is needed for campaign if that notion would be converted to a one receptive to projects otherwise, it would not make any difference other than to fail.
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tabas
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September 12, 2019, 09:11:00 PM |
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If you have estimated them as 'good projects' you might want to check them again. A good project won't just die quickly because it will get a decent support from the community but yeah it won't be like that most of the time. Even the baddest project as long as it is good at PR will still get support.
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royalfestus
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September 12, 2019, 09:13:08 PM |
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Its a lot of process before any project start and they need to succeed unto they raise the fund. Most of the projects had failed to even achieve the fundraise let alone getting to exchange. I think all project getting on exchange should start thinking of a tokenomics that may not involve bitcoin at all until the bullrun. Bitcoin and its holders had turn to a terrible force that dumps and exchanges dont seem to help in pump any more
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gensol
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September 12, 2019, 09:13:26 PM |
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Everyday new projects spring up why most fail is because team members have no understanding or experience in cryptocurrency, some projects don't have quality team mbers and marketers.
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Kemarit
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September 12, 2019, 09:23:36 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
It's because altcoin market are still in the bear market. So with that said, no investors are really interested right now and would rather put their money to Bitcoin. And there's the problem of scammy projects everywhere and that stigma can't simply just remove. And it affected even the very best project out there. Business model shifts as well, from ICO to IEO which is more safe and profitable because it is being run by trusted exchange. So it's getting very difficult to any project today to even reach soft cap and the project just die down.
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Shallow
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September 12, 2019, 09:35:57 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
If they are dying quickly then they aren't good projects. A good project must be able to withstand all storms which is made possible owing to its use case and nothing more, not even hype. Take most projects on CMC as example, especially those within top 100, many have passed through various stages to get there and with constant improvement they keeps going up and once they stopped developing they start going down; that's the nature of this space. So if a project is good, it will not die off but the team will continue improving their ideas so as to remain relevant.
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jessyj48
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September 12, 2019, 09:44:04 PM |
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The truth is many inexperience devs want to build project and make money from it since its so easy to use ETH erc20 smart contract which seems like a abusive platform to me, anyone with little techy idea can just decide to make use of eth blockchain to fool people, 99% of new project are erc20 tokens ao what do you expect?
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dataispower
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September 12, 2019, 09:52:46 PM |
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Team greed is a factor that kills new good projects, most times they squander the funds raised for the purpose of project development. Another factor is lack of professionalism and devotion. Some team members even after developing good products cannot manage the project to achieve greater heights, thereby making the project less interesting to investors. Lastly, the market situation is not so favorable for altcoins right now, as can be seen from 70% bitcoin dominance.
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Lanatsa
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September 12, 2019, 09:56:14 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
Theres only one main sole reason why these projects failed up- due to lost of confidence on most investors.Even how good the project is we know on how rampant on the scams and frauds we had seen or do happen on ICO side that's why I'm not surprised that we do already come to a point where people already rejected or doesn't focus out already on ico investment due for this reason.Yes, there are lots of good projects but we cant do anything about it for it to fail and we cant blame people if they don't like to throw up some cash or support with it.
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Kvalentine
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September 12, 2019, 10:01:31 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
Many new projects that have good innovative idea ends up a disaster in many different ways, some are problems within the teams and some are lack of funds or lack of investors interest in the project, mind you these are just my own point of view on projects with real use case that failed in the end
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key4co.in
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September 12, 2019, 10:04:11 PM |
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Most new projects die because the team lacks strategy and experience in carrying on with the project vision. For instance, a project about finance needs someone who has been in the finance sector for sometime and hence has acquired good experience and expertise. Some team members just pay good developers to come up with great MVP but will never achieve the product, not to talk of using it in the actual sense. Some do not follow roadmap which is essential. Starting a project is one thing, managing it is another thing.
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Chuky92
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September 12, 2019, 10:20:12 PM |
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The main challenge is, what really made them good project? I think a good project doesn't go down quickly without putting up a good fight which of course will end in victory. Have we tried considering why most projects keeps maintaining a certian range of position on Coinmarketcap? It is because, they are not just good projects but also projects backed by a good team who knows they have something to contribute both to the crypto space and the world; these are good projects and not some projects built on hype which starts dying once the hype fades.
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Decksperiment
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September 12, 2019, 10:21:19 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
I agree! I reckon these projects have failed mostly to poor management and don't have any sound financial planning yet I must commend on those projects that chose to continue development despite of its low financial resource.
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retnoanjani
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September 12, 2019, 10:36:24 PM |
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That's what happened lately. Many who want to take advantage of this cryptocurrency hysteria to benefit. There are those who make projects earnestly, promisingly and for the long term. There are those who make the projects potluck, just to get a one-sided benefit. There are also those who do not get market attention as planned so that the project does not develop, etc. That is why we have to do the maximum analysis. Study the project and its progress carefully so it doesn't end in vain.
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poodle63
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September 12, 2019, 10:41:31 PM |
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What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
The domination of bitcoin is also killing those projects, remember about when the dominance keeps increase even more and there will be more people try to take bitcoin as the safe place to keep their money and that must become an important reason why even if there was a good project already plunged to the bottom. When the domination of bitcoin is increasing a lot and this will be eating everything. Any update or good news doesn't matter a lot.
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