Delusional Investors, Traders, Holders & Crypto Teams

[tk808]

We are no longer in an era that will see particular crypto's double or triple overnight for no reason. Many investors, especially in IEOs and ICOs are looking to coins and business with the mindset of "getting-rich-quick," when in fact, the majority of IEOs and ICOs to launch this year have barely held over 2x ROI, especially if you factor-out most of Binance-shilled cryptos, in which have been losing their luster and freshness over the last 2-3 months.

If you're willing to gamble, go play a slot machine. If you're looking to get rich or die trying, go play a slot machine. If you consider yourself a wise investor, then question the teams to no end and be sure every loose end is tied up with a bow before you spend 1 cent sending your money.

In general, crypto investors, traders and profit seekers are very lazy and mostly uneducated. But, this is changing a steady pace, as the average crypto investor has become much more wise and much more cautious, but the majority are still making mistakes that will destroy their lives and entire savings.

In this climate, every crypto to launch, no matter who's backing or has given it legitimacy has been untested, even more so towards IEOs, often piggy-backing on their host-shills for publicity and guidance.


1) Never listen to any news outlet about their predictions about coin markets
2) Never listen to any shill, rating, Twitter or useless influence about any crypto. Use them as a reference only
3) Never invest if you can't afford it
4) If you want to take a risk, weigh your positives and negatives.
5) If you're throwing your money around blindly, go play a slot machine instead, you have the same odds
6) Always question everything, every move and every practice.
7) If the team has no developments, they are a shitcoin. If they have no marketing, they are a shit coin. If they have no volume, there is no demand, they are a shitcoin. If they are relying on 1 particular brand or business for their entire crypto to succeed, they are a shitcoin. If they promise and do not fulfil on their promises and words, then that's a scamcoin.


These are some of the many guidelines to follow, there are many more good insights and inputs that will be given and have been given. In summary, invest in your knowledge and always be cautious about over-hyped shitcoins. It's a rarity to find any tested team, who understands crypto and the entire market and how they fit in, with their niche. There are far fewer projects that understand economic principals and underlying trends within the markets. And it's even more of a rarity to find any niche that hasn't already been satisfied.


Be cautious, be safe and question everything. Most crypto teams have no clue in what they are doing or how to run a business, this is coming from a person who's been around giants of crypto and the smallest of cryptos for over 5 years now. I've seen it all and it's more pathetic than you can imagine.

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[dataispower]

I'm happy to see an experienced crypto enthusiast who has been around for 5 years speak up and say the reality of what's happening. Many over hyped projects (mostly paid promotions by influencers) end up ruining investors in the long run. IEOs are now launching on a daily like no-man business. I decided to check an overhyped project on github and I was astonished to see almost zero effort by the team after the token sale. Most of these team members do not really have any vision for the project, they are just in for the money. Most stuff promised on white paper will never be achieved, so don't get fooled. Only invest after proper due diligence and invest only what you can afford to lose. Thanks for this cool write up buddy.

[Brybro27]

If they have no marketing, they are a shit coin.

I don't agree with this fully. I used to work for a project that had marketing because they believed that this would revive the project and keep the business running. Well, little did they know that you can't market a product that isn't fully functional or that doesn't have any utility. So, all the money spent towards marketing was just thrown away in the grand scheme of things.

Every project I look at, people think marketing determines the projects fate. It honestly doesn't. The most successful projects I've invested in and been a part of are the ones that focus on building their platform/product and let that attract new investors/users. That should be the number one priority at all times.

So, in my mind, marketing is useless until the project has a fully functional and valuable product/platform. It should never be pushed until the team is at this stage in development.

[tk808]

If they have no marketing, they are a shit coin.

I don't agree with this fully. I used to work for a project that had marketing because they believed that this would revive the project and keep the business running. Well, little did they know that you can't market a product that isn't fully functional or that doesn't have any utility. So, all the money spent towards marketing was just thrown away in the grand scheme of things.

Every project I look at, people think marketing determines the projects fate. It honestly doesn't. The most successful projects I've invested in and been a part of are the ones that focus on building their platform/product and let that attract new investors/users. That should be the number one priority at all times.

So, in my mind, marketing is useless until the project has a fully functional and valuable product/platform. It should never be pushed until the team is at this stage in development.

This was taken out of context, concurrently I did not express the thought process properly.

Yes you're correct on many accounts, but it's not as simple "marketing" or "developments," when it's both. One doesn't or can't exist without the other, with respect to mostly newer coins. Marketing is adoption, adoption and use of blockchain is what makes it successful.

You can have the best technically sophisticated blockchain, it's useless if there's no adoption or use (aka marketing). Concurrently, a project that has no product or fulfilled on technical developments and is all hype/marketing without substance may thrive, but is a shitcoin.

It's a conjunction and joining of all things. What you may determine to be successful (i'll assume price for most) may not be a true metric for success given enough time has lapsed. Most projects that do little marketing and strictly focus on development, mostly go into ghost mode about a year after their inception, since they may have fulfilled on their blockchain, a small core base, but what's next? Death.


It's a balance of development, marketing, adoption and integration. Development and marketing are only 2 components and represents the initial steps to get the integration and adoption. Development leads to integration, marketing leads to adoption. These ideas can overlap, but are much different in many respects, depending on what the blockchain's fundamentals are in the first place.

The best teams know how to run the business. Some of the earliest cryptos didn't need to market, strictly due to the size of the market and amount of coins. Coins like Ethereum were so revolutionary, the blockchain marketed itself. Coins like EOS marketed itself, due to the large amount of funding. Name any coin in the top 200, and either they have either had majority publicity early on, or have captured a niche that is respected by all.


Marketing is adoption, and i'll express again, if there is no adoption or use of blockchain or crypto, then it serves no purpose and is dead for all intensive purposes. Any exposure, any branding/name, website or however you can learn or interact with that particular coin is all encompassed in this elusive word called "marketing."

[Bonwin]

Thanks @tk808. This is nothing but the truth and frankly speaking, the points are enough to remain guided as crypto enthusiasts, but do not be surprised that many will still repeat the same mistake no matter how moch they are being advised. Which is why the astute and most guided will keep siphoning more money from the noob.

[Brybro27]

Development leads to integration, marketing leads to adoption. These ideas can overlap, but are much different in many respects, depending on what the blockchain's fundamentals are in the first place.

I think you summed it up perfectly.

But in your original post, you do make it sound like marketing is one of the key factors in your decision to invest in a project or not, and to me, that is still an inaccurate statement. It mainly depends on what stage the project is at, at the time you invest, to determine if this statement is true or not.

But overall, I think you nailed everything on the dime, with some extra context provided.

I'd be curious to learn more about your role as a crypto advisor if you don't mind discussing this with me privately?

[Ccscopst]

well here it is a summary that has been presented correctly, precisely and is very useful. I have read all the threads that you wrote are very real with events in the crypto market including in the project aspect, but I want to ask, have you ever been the most important part of a project? I mean crypto advisor, crypto manager or other part of the project? because I observe the way you speak and also the way you observe a project is very real as you say.
to be honest, I often see you are always active on the altcoin forum and you also often provide services with every unique post about crypto. I am more amazed when you make a direct post on the main points, like this.

[Greatchu]

Thanks @tk808. This is nothing but the truth and frankly speaking, the points are enough to remain guided as crypto enthusiasts, but do not be surprised that many will still repeat the same mistake no matter how moch they are being advised. Which is why the astute and most guided will keep siphoning more money from the noob.

Its human habit to always learn the hard way and for every newbies they will always make mistakes over and over before learning, scam coins and shitcoins only have to take the advantages of the mistakes they are ready to commit, thanks @t808 for the wonder post, it says all thats there to know

[rosezionjohn]

It's also a rarity that someone who has seen it all actually share his/her experience to educate users here. Thanks!

Being around crypto since 2017, I would have to agree. I have also seen many start ups that I supported before end up being dead. A lot of them has brilliant ideas on how to do this or that but when it comes to the execution, they failed.

If I may add, shitcoins and scamcoins also have teams that tend to hype their project a lot.

[dentolas]

Thanks for such rich text!!
Most legit crypto teams are made up by a bunch of young programmers that have absolutely no clue on how business and life work... and it takes a long way from having a good idea, to build a solid and well maketed business...

Shit and scam coins will be dissapearing as soon as people stop looking so hard for the quick profit and finnaly start researching accordingly....

[bitmover]

Grats tk808 for such a rich post.

7) If the team has no developments, they are a shitcoin. If they have no marketing, they are a shit coin. If they have no volume, there is no demand, they are a shitcoin. If they are relying on 1 particular brand or business for their entire crypto to succeed, they are a shitcoin. If they promise and do not fulfil on their promises and words, then that's a scamcoin.

I want to disagree partially on this.

I believe marketing is not that important, specially this market on social media (twitter, facebook, telegram, reddit, etc). Depending on the project focus, marketing is not that important. Good projects may talk directly to big companies if they are their future clients.

I have seen so many shill projects like OmiseGO, which had a great market team, was over all magazines (like Forbes). But marketing doesn't really add any value to the product, unless it is a project that need marketing, whose customers will be small investors and common people.