Bitcoin Forum
July 01, 2024, 06:27:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
Author Topic: Mistakes developers keeps making  (Read 900 times)
joseyphil82 (OP)
Member
**
Offline Offline

Activity: 742
Merit: 16


View Profile
September 28, 2019, 12:00:11 PM
Merited by tk808 (1)
 #1

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


Bttzed03
Legendary
*
Offline Offline

Activity: 2114
Merit: 1149


https://bitcoincleanup.com/


View Profile
September 28, 2019, 12:18:05 PM
 #2

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
It's 50-50 here. Both investor and team benefits. They needed to get funding as quickly as possible and investors also want the best deals available. Teams also have a control mechanism called coin or token lock up and also holders bonus. Those two are not perfect method but it helps mitigate the dumping.

Quote
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
No argument here. Truly, solving a real problem should be the main focus of the project.

Quote
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Forget about ICOs, most token sales are done on exchanges now (IEO). I do see a lot of projects hype their community for a new listing then lists them on low/medium exchanges. To be fair to teams, it's not as simple as paying bigger exchanges and it's a done deal. There are more requirements than money.
Jating
Hero Member
*****
Offline Offline

Activity: 2982
Merit: 829



View Profile
September 28, 2019, 12:43:35 PM
 #3

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
It's two fold, I mean they have to attract investors that's why they are giving away discounts for early bird and angel investors. I mean this business model have been in existence for many years.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
I would definitely agree with this one, we haven't seen new projects which is very unique. Those projects popping today is just like a half bake project, worst, just a copy of existing projects who have been successful already.

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Because exchanges want's to save money so they don't have a choice but to list their tokens on shit exchanges that will back fire on them in the future.


Bottom line is, we need something drastic and projects need to see this mistakes and rectify their process or strategy.

.
SPIN

       ▄▄▄██████████▄▄▄
     ▄███████████████████▄
   ▄██████████▀▀███████████▄
   ██████████    ███████████
 ▄██████████      ▀█████████▄
▄██████████        ▀█████████▄
█████████▀▀   ▄▄    ▀▀▀███████
█████████▄▄  ████▄▄███████████
███████▀  ▀▀███▀      ▀███████
▀█████▀          ▄█▄   ▀█████▀
 ▀███▀   ▄▄▄  ▄█████▄   ▀███▀
   ██████████████████▄▄▄███
   ▀██████████████████████▀
     ▀▀████████████████▀▀
        ▀▀▀█████████▀▀▀
.
RIUM
..FAST DEPOSITS .........
..AND WITHDRAWALS..
    ▄▄████████▄▄                        ▄██████▄
  ▄███████▀██████▄                    ▄██████████▄
 ██████ ▀▀ ▄ █████       ██          ▄████████████▄
████████  ▄▀▄ ▀██▀      ▄███       ▄███          ███▄
███████▄  ▀▀▀ ▄██      ▄█████▄    ████████    ███████
███████  ██▀  ▄██     ████████▄   ███▀ ▄▄▄    ▄▄▄▄▀██
█████▄▄  ▀▀▄   ██▄    ▀▀█████▀▀   █████▄▄▄▄▄▄▄▄▄▄▄███
 ██████ █ ▄ ▄█████    ▀▄▄▀▀▀▄▄▀   ████████    ██████▀
  ▀███████████████     ▀█████      ▀██████▄▄▄▄████▀▀
    ▀▀█████████▀         ███         ▀▀████████▀▀
..WHEEL OF..
..FORTUNE...
.WELCOME OFFER .
......200% + 50FS.....
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████▀▀██████
████████████▀▀▀    ██████
███████▀▀▀   ▄▀   ███████
████▄     ▄█▀     ███████
███████▄ █▀      ████████
████████▌▐       ████████
█████████ ▄██▄  █████████
███████████████▄█████████
█████████████████████████
▀███████████████████████▀

.PLAY NOW.
[/ta
Red-Apple
Hero Member
*****
Offline Offline

Activity: 1470
Merit: 655


View Profile
September 28, 2019, 01:09:28 PM
 #4

have you ever considered that it may not be mistakes but intentional?

take your points for instance.
1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.

2. Lack Of Solid Products and Ideas
that is not a mistake, they simply want the easiest rout to profit. so copying the same thing is easiest and doesn't cost anything. on the other hand innovating is expensive and takes a lot of effort.

3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!

--signature space for rent; sent PM--
ansi
Sr. Member
****
Offline Offline

Activity: 882
Merit: 254



View Profile
September 28, 2019, 01:22:18 PM
 #5

You don't actually blame them for that discount though man, some people will invest in the thin air (literally) so that discount is a necessary evil to get the investment money they need to develop their idea / project.

After all, it's about making money at certain point, so those discounts are crucial man, not a mistake like you said. Investors risk their money into an idea, so the discount is the least they can get.
This how Fintech works

As for the lack of the solid project it's all about the right team / devs behind it & most importantly how important is that idea / project in the cryptossphere / real life (solve real problems). There is already great project with a working product already but they are worth shit in price value while other shit coins / projects worth a lot in price value while they solve shit in real life or in the cryptosphere.

Now the pat of the bad exchanges, we all know that this cake was eaten already by couple major exchanges that control the whole crypto exchange business which make it even harder for other good (unknown) small exchanges to vanish since they have no good liquidity for trading this or that coin / project.
badykvik
Sr. Member
****
Offline Offline

Activity: 895
Merit: 250


View Profile
September 28, 2019, 01:22:43 PM
 #6

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



All your points are good but i think the real mistakes developers keep making is GREED.
My reason for that point is that all the past successful projects in the past did not make any of your listed points.
DaMut
Sr. Member
****
Offline Offline

Activity: 1260
Merit: 263


Axioma Holding - Axioma Pay Crypto Card


View Profile
September 28, 2019, 01:26:48 PM
 #7

1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.
You are wrong in here, in industry outside and inside the cryptocurrency. Giving an incentive or a discount is a very common thing, 50% or even 100% discount is plausible because they were giving it to their early contributor or investor. It is not about days but instead most of them were months or years. The company needs cash to start the project and they need the cash to ensure their development. That was why you'd see them giving 50% off to the investors.

but of course, some shit project were doing that intentionally to attract the investor and creating hype.


3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!
not necessarily, just look at Semux project for example. It is a good project for me, but they did not get much attention after releasing their own smart contract.

        ▄▄▄████████▄▄
     ▄████▀▀▀   ▀▀▀████▄
   ▄██▀▀ ▒ ▀▄ ▄▀ ▒ ▄  ▀██▄
  ██▀▀ ▀▄ ▒ ▒▄▒▄▒ ▒ ▄▒  ▀██
 ███ ▀▀▄▄▀▄▒▒▒▒▒▒▒ ▒▄▄▄▀ ███
███ ▀▀▄▄▄▒▒▒█████▒▒▒▄▄▄▀▀ ███
██  ▀▄▄▄▀▒▒███████▒▒▄▄ ▀▀  ██
███ ▄▄▄▀▀▒▒▒█████▒▒▒ ▀▒▄▄ ███
 ██▄  ▄▒▀▄▒▒▒▒▒▒▒▒▒▄▀▀▄  ▄██
  ██▄▄ ▄▀ ▄▀▄▀▒▀▒ ▒ ▀▄  ▄██
   ▀██▄▄ ▄▀▄▀ ▒ ▀▄ ▒  ▄██▀
     ▀███▄▄   ▀  ▀▄▄▄██▀
        ▀▀█████████▀▀

 ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
█████████████████████████████████
█████████████████████▀▀▀▀▀▀▀▀▀███
███▀▀▀▀▀▀████████████████████████
███      ████████████████████████
███▄▄▄▄▄▄████████████████████████
█████████████████████████████████
███▄▄▄▄▄██▄▄▄▄██▄▄▄▄██▄▄▄▄▄██████
███▀▀▀▀▀▀▀▀▀▀▀▀▀█████████████████
█████████████████████████████████
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Crypto Cards with
buying solutions

      ▄▄█████████▄▄
   ▄█████████████████▄
  █████████████████████
 █████▀█████ █████▀█████
██████  ▀██   ██▀  ██████
██████             ██████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄██████
▀███▄               ▄███▀
 ▀█████████████████████▀
  ▀███████████████████▀
    ▀▀█████████████▀▀
        ▀▀▀▀▀▀▀▀▀
Launch Your Own
Crypto Tokens


█▄                                    ▄█
 ██▄                                ▄██
  ▀███▄▄▄                     ▄▄▄▄███▀
  █▄▀████████▀    ▄████▄  ▀████████▀▄█
   ▀█▄▄█████     █████      █████▄▄█▀
    ▀████████   ██████     ████████▀
       ▄██████▄ ███████▄ ▄██████▄
          ▀▀████████████████▀▀
                ████████
AXIOMA
EAGLE CITY
Stanlo
Full Member
***
Offline Offline

Activity: 952
Merit: 110


View Profile
September 28, 2019, 01:40:32 PM
 #8

Many projects use discounts to create awareness for their projects and its really not a bad idea to me, its win win for everybody if they are able to make enough funds like reaching hardcap so its a cool feature of fundraising, the problem is these projects mostly don't bother to list of good exchanges
DBronze98
Full Member
***
Offline Offline

Activity: 403
Merit: 100



View Profile
September 28, 2019, 01:43:22 PM
 #9

It is exactly 3 factors that make a good project bad.  Founders always look down on the liquidity of tokens.  I have worked with a lot of CEOs of new projects, they usually just focus on the product and want to develop it best, then fix themselves that investors will want to buy their tokens.  That is definitely the wrong idea of ​​the weak CEOs now.  Hopefully this article will be helpful for those who are looking to start a business in the crypto market, learn from experience and pay attention to the community and exchange, it is a core component of the project's success.

CLywaTeLb
Full Member
***
Offline Offline

Activity: 770
Merit: 101


send and receive money instantly, no hidden costs


View Profile
September 28, 2019, 01:50:57 PM
 #10

Items 1 and 3 are secondary and do not have a big impact on the success of a crypto startup.
And the second paragraph is the problem of many startups. Or maybe not at all. According to the results of many projects, we see that the goal of creating all these projects is to rise money from gullible investors and gradually and imperceptibly disappear. Thus, everything is in order with the second paragraph, they achieve what they are striving for Grin

BennyK
Member
**
Offline Offline

Activity: 672
Merit: 14


View Profile WWW
September 28, 2019, 02:22:37 PM
 #11

One of the frequently made mistakes by developers of a crypto project is poor team work. Although some projects have team members with great expertise in crypto, due to poor team work, these projects end up being unsuccessful. Projects like Libereum and Miracle TELE are classical examples. The downfall of these projects were due to the negligence and greediness of some members within the team.

cryptofirm
Sr. Member
****
Offline Offline

Activity: 1039
Merit: 250


BabelFish - FISH Token Sale at Sovryn


View Profile
September 28, 2019, 02:34:15 PM
 #12

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



yes, all the conditions above is keep repeating for ICO project buddy

but now is the era of IEO and if a project conduct an IEO in a good exchange for example binance or kucoin,
i think the project will be tradeable there, but for sure its depends with their dev team member too

.
USD Stablecoin Aggregator
                                              ▄███████
                                            ▄█▀▄█████▀
              ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄      █▀▄███████
          ▄▄████████████████▄▄▀▀██████▄   ▄█ ███████
  ▄     ▄██▀▀▀▀█████████▄▀██████▄▄▀▀████  █████████▀
▄███▄ ▄███ █▀▀█ █████████▄█▀████████▄▄▀▀███████████
██ ▀███▀ █▄▀▀▀▀▄███ ██▀████▄▀████████▀███████████▀▀
██  ███████████████ ██ █████ ███▀▀▄▄▄██████████████
██▄██▀█████████████ ███ ███  ▄▄▄█████▀██▀▀█████████
 ▀█▀   ▀████████▀▀▄██▀ ▀▀▄▄██▄▄▀██▀▄▄██    ████████▄
         ▀█████▄█▀▀▀▄█████████▀▄▄▄███▀      ▀███████
               ▀▀▀███████████▄▄████▀          ██████▄
                                               ▀▀█████
BabelFish███████▄
▀█████▄▀█▄
 ███████▄▀█      ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  ███████ █▄   ▄██████▀▀▄▄████████████████▄▄
  ▀█████████  ████▀▀▄▄██████▀▄█████████▀▀▀▀██▄     ▄
   ███████████▀▀▄▄████████▀█▄█████████ █▀▀█ ███▄ ▄███▄
   ▀▀███████████▀████████▀▄████▀██ ███▄▀▀▀▀▄█ ▀███▀ ██
   ██████████████▄▄▄▀▀███ █████ ██ ███████████████  ██
   █████████▀▀██▀█████▄▄▄  ███ ███ █████████████▀██▄██
  ▄████████    ██▄▄▀██▀▄▄██▄▄▀▀ ▀██▄▀▀████████▀   ▀█▀
  ███████▀      ▀███▄▄▄▀█████████▄▀▀▀█▄█████▀
 ▄██████          ▀████▄▄████████████▀▀
█████▀▀
.
FISH token sale at Sovryn
████████████████████████████
████████████████████████████
████████████████████████████
████████▀▀▄██████▄▀▀████████
███████  ▀        ▀  ███████
██████                ██████
█████▌   ███    ███   ▐█████
█████▌   ▀▀▀    ▀▀▀   ▐█████
██████                ██████
███████▄  ▀██████▀  ▄███████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀  ███████
█████████████▀▀      ███████
█████████▀▀   ▄▄     ███████
█████▀▀    ▄█▀▀     ████████
█████████ █▀        ████████
█████████ █ ▄███▄   ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
BRODIN
Member
**
Offline Offline

Activity: 655
Merit: 10


View Profile
September 28, 2019, 02:45:21 PM
 #13

1. Huge Discounts

#discounts are only to attract market investment, this depends on how you observe projects that offer large discounts. be careful with tricks like that

2. Lack Of Solid Products and Ideas

#I have observed projects that have quality products but are difficult to develop, creative ideas but vice versa. this problem depends on market marketing.

3. Bad Exchanges

#that's their initial plan. in theory if the developer is really serious about developing their project, they will not register in the garbage exchange.

BTC ETH TEN
wedosgibas
Member
**
Offline Offline

Activity: 535
Merit: 33

here we go


View Profile WWW
September 28, 2019, 02:49:33 PM
 #14

Looks like this is not a mistake, but a bad strategy/ plan. First, they want to compete in the midst of this large market, thus making a slightly crazy promotion to get investors. Second, do not need to be discussed, because seeing the first point, the project does not have good demand, it also reflects the quality of its products. Third, looking at points 1 and 2, you should know, this project is bullshit.
bartolo
Hero Member
*****
Offline Offline

Activity: 1176
Merit: 501


View Profile
September 28, 2019, 02:50:20 PM
 #15


1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.


It depends, if those buyers foresee a good future for the project and think they can earn more in the future, they will not sell their tokens even though they can take easy profits in the present.
mirgo1791
Member
**
Offline Offline

Activity: 1022
Merit: 10


View Profile WWW
September 28, 2019, 02:53:19 PM
 #16

developers might attains on field as appealing use of different unit on distinctive as might to collects of one with reference of returns with terms with the previous arrange on manage with chance as referring use with initiation and put with number of returns to complete on absence with field of modest exchange on examination.

💌💌💌💌💌        DO NEAR - GAMES ARE LOVE         💌💌💌💌💌
dodziu
Full Member
***
Offline Offline

Activity: 473
Merit: 100


View Profile
September 28, 2019, 02:56:38 PM
 #17

Quote
Huge Discounts
Every good business offers huge discount even in the real business there is what we call "buy one get one free"

Quote
Lack Of Solid Products and Ideas
Most of them have MVP for their upcoming project.

Quote
Bad Exchanges
I do not see this as a mistake because a good project should be able to use part of the funds raised to pay for good exchange listing.
pixie85
Hero Member
*****
Offline Offline

Activity: 2170
Merit: 528


View Profile
September 28, 2019, 03:11:14 PM
 #18

Their first and biggest mistake is trying to develop a project only with effort and ideas. This is good but won't get you anywhere. The most important part is having money and spending them on good advertising graphics exchange listings social media... You can't make a project succeed these days without investing time and money into it.

Miscalculating the amount of money you need is another problem. If you think you can launch a coin having an idea and 5 thousand dollars you're mistaken and it's going to be a disaster.
taufik123
Legendary
*
artcontest pizza
Offline Offline

Activity: 2576
Merit: 1789


Rollbit.com | Crypto Futures


View Profile
September 28, 2019, 03:23:52 PM
 #19

Items 1 and 3 are secondary and do not have a big impact on the success of a crypto startup.
And the second paragraph is the problem of many startups. Or maybe not at all. According to the results of many projects, we see that the goal of creating all these projects is to rise money from gullible investors and gradually and imperceptibly disappear. Thus, everything is in order with the second paragraph, they achieve what they are striving for Grin
and what they are striving for is a lot of income with the revenue achieved, but the project developed does not have a clear goal. It's easy to get money by making a fake project with a big discount. But when a really good project doesn't even care. But now a really good project has begun to take part by entrusting it to IEO platforms on large exchanges such as Binance and many successful selling tokens with a span of seconds.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
sorrros
Full Member
***
Offline Offline

Activity: 954
Merit: 104


ludenaprotocol.io


View Profile
September 28, 2019, 03:25:53 PM
 #20

If you think about what the token value actually is, you will be surprised.
You need only two things: good exchange + good advisors. You don´t need product, own blcokchain, partnerships. You only need promises and those two things.

► LudenaProtocol ◄ ♦️ A Gamified Social Platform for Worldwide Gamers ♦️ ► LudenaProtocol ◄
───●●───●●───●●───●●───●●─[   Bounty Detective   ]─●●───●●───●●───●●───●●───
Website|Twitter|Medium|Telegram|Instagram|Whitepaper
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!