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Author Topic: Mistakes developers keeps making  (Read 886 times)
darewaller
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November 05, 2019, 05:55:58 PM
 #121

Unfortunately it is. These errors are quite common. Because many developers are not serious about the project. Mostly so do scammers.
Early developers are still the ones that have goal for their work and they have passion for it also which is why we are still enjoying some of their works till date, I know some people would ask me what the enjoyment there is.

We have been using some of these projects to make payment and also for some various reason, and everything about these coins should not all bee what profit it can make, and this is one of the mistakes that the developers do make by not actually making their product know to the world for its technology, but for the profit that is going to come out of it which make sit subject to only people that wants to hold it for asset and not those that want to get the project coin for spending purpose. I usually do stay away from projects that are advertising their coin for investment.
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November 05, 2019, 06:24:13 PM
 #122

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?


This types of mistakes are usually a result of lack of strategy in handling or managing projects. Most people are already jumping into the business without really studying the nature of it, not bothering to know what could be the possible failures that the project could possibly end up making them caught off guard once bad luck hits them. It's important to identify what are the threats waiting for the business so you could already come up with a counter plan to avoid it.
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November 06, 2019, 05:37:54 AM
 #123

the biggest dev mistake is they wanna take money from investors then they dissapear, that's all

they make huge discount to attract many investors to get money. lack of product because they dont make it serious. bad exchange to reduce their spending

those are the most projects we can see right now, most of them is a sh*t
many and often it is found in the current project maybe in my opinion the reason I know that investment with crypto currency can be done by anyone and anywhere and the absence of institutions that regulate by force of law and of course it makes people who are not responsible for using that opportunity and finally many investors are harmed by the fraud project

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November 06, 2019, 05:50:38 AM
 #124

in most cases new projects that offer large bonuses between 40% - 50% are one of their market strategies to attract market investment. my advice you should be wise and reconsider before investing in a new project like that.
related to products and exchanges it all depends on the marketing of the project team, if the project wants to be successful then the team is more focused on product development and not putting their tokens in shady exchanges.


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November 06, 2019, 05:43:05 PM
 #125

1, Big discount
I think they reduce 50% so they attract more investors and take advantage to develop.
2, Lack of solid products and ideas
Often new projects will learn from the way a successful project works, currently there are few projects that have new, innovative ideas. You cannot ask much  Roll Eyes
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November 06, 2019, 06:04:30 PM
 #126

There are many other mistakes such as the early token they give to bounty hunters even though they are not yet have exchanged. So they are also dump the price of the token into decentralized exchanges such as forkdelta. Thus, they may still have a token sale due to lack of funds and buyer are fewers as their token sales are cheaper on decentralized exchange.
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November 06, 2019, 06:10:41 PM
 #127

All of those factors are playing a massive role in projects success. Without good product, it is impossible to achieve a solid trading volume and a bad exchange listing can kill every project and it would never recover.
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November 07, 2019, 05:28:00 PM
 #128

Very true, but they are only part of the errors. Because we must add bad management, lack of clarity in communication, disorganization, failure to meet commitments, and so on.
I think that most projects have not failed because of dishonesty, but due to incapacity.
I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.

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November 07, 2019, 05:48:01 PM
 #129

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?
4). Bounty Payment in Weekly. (Altcoin)

They pay bounty hunters immediately, which is not a good idea as bounty hunters can sell them at cheaper price on decentralized exchange like forkdelta and etherdelta. 

5) Not implementing KYC.

Because it could be the entrance to fraud. Many bounty hunters are looking for bigger tokens so they are making way to make more money and one of them is to sign up for multiple accounts.
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November 07, 2019, 06:27:09 PM
 #130

I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.
It could be that the developers now are ordinary people like us or he used to be a bounty hunter and over time he began to understand how to "create tokens based eth" and start learning make sweet promises.
after that, a new project emerged and he (as developer) seemed like someone who was already very skilled whereas actually he was not good at it.  (a fraud project began)
let's say with a 50% discount promotion when the IEO period is successful after that start to listing on an unfamiliar exchange market (small market). after that the devs don't care anymore aka run away what the money.
as you said, the goal is to enrich himself.
therefore many people have lost their sense of "investing" in current projects.

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November 08, 2019, 06:14:17 PM
 #131

I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.
There is every need now to try and eliminate many of these premature developers from the ICO sphere because they will eventually kill the ICO completely if we don’t take care except maybe we ourselves don’t care much about the ICO again, which I know and believe that many hunters would do everything possible to make sure that it is revived again because this is the place that many of them have really made so much money and they have made lots of investment in bitcoin.

I remember that when I first got introduced to cryptocurrency, I did not have money to actually buy bitcoin, so what I did was to do some ICO projects for a while now, and then use the money to invest in bitcoin, but that was when ICO was still paying very much.
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November 08, 2019, 07:48:19 PM
 #132

yes, some of the points you stated are true and real. I will only respond to the third point that bad exchanges or shady exchanges. if the project is truly valid and the team is serious in developing its products they will not register their tokens in shady exchanges, on the one hand traders will not want to use coins that do not have increased trading volumes.

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November 08, 2019, 10:39:42 PM
 #133

yes, some of the points you stated are true and real. I will only respond to the third point that bad exchanges or shady exchanges. if the project is truly valid and the team is serious in developing its products they will not register their tokens in shady exchanges, on the one hand traders will not want to use coins that do not have increased trading volumes.
What about the million dollars as a fees that already implemented in some major exchange sites? It's a big problem for the new platform to paid million dollars worth of money. Some coins were having fully working product can't even listed its token to the big exchange site caused by this problem. More money and highest priority.
This is a difficult situation when some things are getting contradicted one to each other.

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November 08, 2019, 11:00:49 PM
 #134

What about the million dollars as a fees that already implemented in some major exchange sites? It's a big problem for the new platform to paid million dollars worth of money. Some coins were having fully working product can't even listed its token to the big exchange site caused by this problem. More money and highest priority.
This is a difficult situation when some things are getting contradicted one to each other.
They must be better prepared with the next aspect of marketing if they believe in the project. must offer proposals to several partner companies to get quality supporters and divide them into reasonable stock incentives, indirectly their quality must also be seen in actively managing cooperation and not just relying on regular investors, prospective projects without the maturity of additional activities the same as projects that do not have an adequate economic foundation for the long term.



 

 

 

 

 

 


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November 08, 2019, 11:04:12 PM
 #135

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?



There is no better truth than all you just pointed out. Most projects thinks it's by giving huge discounts or bonuses will they be able to attract investors but it always has a negative effect on the price of the coin thereafter. Also, most projects doesn't last long or even for a reasonable amount of time owing to lack of ideas to keep driving the platform; in the same way, some projects are just a copy of already existing projects, therefore failing as well. Bad exchanges also contributes which is sometimes as a result of the team trying to enrich themselves although there can be other reasons too.

cahbagus555
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November 09, 2019, 01:49:37 AM
 #136

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?



Discounts may not be a mistake because this is one strategy in attracting investor interest. In my opinion, the fault of the developer team is the lack of dedication to develop projects in accordance with the target roadmap so that investor confidence falls.
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November 09, 2019, 08:37:36 AM
 #137

the biggest dev mistake is they wanna take money from investors then they dissapear, that's all

they make huge discount to attract many investors to get money. lack of product because they dont make it serious. bad exchange to reduce their spending

those are the most projects we can see right now, most of them is a sh*t
People who collect funds from investors and run away with it are classified as scammers not developers because they never had any project under development. Such a situation is not a mistake but a planned scam. All of such acts must be reported on the scam-accusation section on the forum to alert fellow investors here to stay alert.

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November 09, 2019, 12:46:17 PM
 #138

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?


There is one more mistake
The right choice partner. Many choose poor partners and over time, due to the fact that people can’t agree, the project is falling apart.






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ahmia39
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November 09, 2019, 01:21:59 PM
 #139

All of those factors are playing a massive role in projects success. Without good product, it is impossible to achieve a solid trading volume and a bad exchange listing can kill every project and it would never recover.
Right, because many projects have died without a product, even though they have been listed in exchange, if this happens it will be very difficult for the project team to rebuild the project they have managed.

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November 09, 2019, 05:07:03 PM
 #140

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



Personally, I think these are the real and main reasons and mistakes project developers and managers make that cause the downfall of most crypto projects.  Giving investors a huge amount of tokens causes the potential of the token to lose its value on the crypto market leading to low volume and market cap. Developers most times do not really plan to develop products or projects that solve real problems in either the crypto ecosystem or the entire financial ecosystem.  



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