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Author Topic: What exactly does a good project needs.  (Read 1825 times)
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ampere
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March 05, 2020, 04:19:01 PM
Merited by tk808 (2), ife2020 (1)
 #1

Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.

And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.

An example is the dynamite  with several hypes and wins community vote almost everywhere, getting listed in several  exchange, yet, no product, nothing just a lame project.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.

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March 05, 2020, 04:32:00 PM
 #2

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
The ICO craze has enabled a lot of these developers to just march out on their own and start coding, make a website, answer telegram questions etc etc, all the while thinking that they are doing something truly unique. They forget that at the end it is a business and they need a product. A product needs marketing, advertisement and all that shit. Yet, the problem with most of these so-called undervalued, good devs is that they all think they are on to something unique. It is impossible for everyone to be a Satoshi or a Bill Gates and make a business from scratch simply on the basis of the novelty and brilliance of their ideas. The echo chambers of their telegram/ Reddit groups makes it all the more easier to fall for this narrative.

They all could do much better only if they used some business sense and actually invested in marketing their product, meeting potential clients and just run an actual business.

The hope that these can give returns on investments is bleak because everyone has their own list of the "under the radar, awesome project that nobody else knows about". This happens with everyone. Back when i was naive, i bought something called CarVertical. They were supposedly selling insurance reports on vehicles in the shitty parts of europe. Grin I bought something like 30K of those at shit prices from a shit exchange thinking "What if this reaches just 1 USD?" Roll Eyes  So everyone is waiting for those pumps that will never come. Most real businesses are moving on with whatever actual blockchain use cases are there.

Till the Alt-space gets a little bit more serious about itself rather than relying on the diminishing returns from doing cheap bounties and then doing pre-sales, hoping enough newbies will fall for the false advertising, its not gonna be possible. These projects, developers, bounty participants, Bounty managers, we all need to stop feeding on our own tails..

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March 05, 2020, 05:21:54 PM
 #3

Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.

And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.

An example is the dynamite  with several hypes and wins community vote almost everywhere, getting listed in several  exchange, yet, no product, nothing just a lame project.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.

In fact, you mentioned the most important issues. Project management (not just those related to crypto, but all) is a matter of team and vision. In this way, a synergy is provided as a team, community and project.

Contrary to popular belief, the team is not at the top of these important items. Because, as we can see from Bitcoin, it is not very important that those who started the project are visible. But it can be very useful if everything is objective and transparent. Unfortunately, there are things that project teams ignore. A healthy communication with the community is actually the biggest advertisement. There is no need to advertise on very famous sites, twitter phenomena. Sometimes even doing nothing can have very positive results. The most obvious example I can think of is DogeCoin. The community likes Dogecoin even without any reason. Maybe it doesn't work very well, but people love it.

I think that when the priority is given not to earn money but to advance and develop the project, both the project owners and the community will already earn money.

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March 05, 2020, 05:41:51 PM
 #4

Professional teams who are ready for the worst and at first introduce something very useful to the public, the successful of a project or the soon of a project all lies in the teams hand

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March 05, 2020, 06:45:46 PM
 #5

1) Constant proven development
2) Working product (which 99% of crypto projects doesn't have).
3) Great community.

These are the most important things, IMHO.

Blocknet was founded in 2014, and has everything above, more over they work on true decentralization through their DEX, and their decentralized oracle network.

A coin/token with an actual utility is a good thing, as it adds value to the overall network. There need to be a "demand" for a given project, in Blocknet's case it's service nodes (5000 BLOCK required), which makes it possible to earn passively through DEX fee's and other things.

This is just a guideline, there are TONS of great promising projects out there. Just do your own research!
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March 05, 2020, 07:11:22 PM
 #6

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
When you call them as investors then their goal will be making profits from it,so one who is smart will invest on hyped project and dump as soon as possible when it gets listed so just one time profit making intention.

Good project doesn't need to be profitable always.In long term eventually it will.

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March 05, 2020, 07:28:06 PM
 #7

Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.

And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.

An example is the dynamite  with several hypes and wins community vote almost everywhere, getting listed in several  exchange, yet, no product, nothing just a lame project.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.

A good project needs solid team who are tech savvy
A good project needs constant funds to back steady development and growth.
A good project also needs a good exchange. Ect.

I think a good project should not be devoid of these three keys and some others.

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March 05, 2020, 08:05:08 PM
 #8

Devs doesn't guarantee the ROI for investors. It's still the investors decision to risk money as they invest to a project that they want to. It is always something like that but the belief that has been built, whenever there's a newly built project, investors think that it's going to be an easy and instant money for them because that's how it was before during the bull market. That belief must break because investing to a project doesn't really have an assurance whether it's a poorly made or the one that has the potential.

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March 05, 2020, 08:55:48 PM
 #9

Unless there is no honesty and integrity involved in all the projects, there will be no good project that will prevail.  If the project will all depend on hype and false marketing strategy then it will be a lame project at the end. What we need now is a quality project so that we can win the respect and trust of the users and investors. What we need now is a neutral body that will be funded by all the incoming projects and will trim down all the good projects from the lame one. If there will be no corruption, I think this is possible.


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March 05, 2020, 11:44:44 PM
 #10

Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.

And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.

An example is the dynamite  with several hypes and wins community vote almost everywhere, getting listed in several  exchange, yet, no product, nothing just a lame project.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
Good project always need partnership which brings trust to investors. Exchange, development and others things also could be done by huge money. By good funds new projects can show development performance. Only by partnership funds can rise easily even in bad cryptocurrency.

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March 06, 2020, 12:50:02 AM
 #11

Unique ideas and transparencies are also important in every project. Like even you have already a project and community but there's still something in your project that already in other project and there's is much better.
Transparency too, you should let your community know what is going on like in the financial situation.





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March 06, 2020, 04:16:02 AM
 #12

And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
Agreed that most projects that are legit have gone now. I saw some but not necessarily they are good. Problem here is lack of authencities of those new projects. There you mentioned that some have good community but the developer are sucks. Yeah I can attest to that, but I prefer a good developer who knows what are they doing cause more important here is the solid concept and not just a hype one with the community.

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March 06, 2020, 04:25:12 AM
 #13

Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.

And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.

An example is the dynamite  with several hypes and wins community vote almost everywhere, getting listed in several  exchange, yet, no product, nothing just a lame project.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.

Investors who keep believing in hype are going to lose eventually they will awake that they lose their investment unless they dump their share ahead of the others, but there will always losers in a pump and hype coin, investors should always look on platform and usability of the project, the hype will eventually come, projects with good potential will not just die easily.

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March 06, 2020, 05:07:06 AM
 #14

1) Constant proven development
2) Working product (which 99% of crypto projects doesn't have).
3) Great community.
I see many new projects that already have working product but in the end this will eventually turn into scam,  or the tokens or coins listed in poor exchanges that why price become worse and become shitcoins.
That's why for me much better to not invest in ICO or IEO because new project now are riksy to invest and this will only become scam at the end.
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March 06, 2020, 06:13:32 AM
 #15

Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.
And there are also some projects that had been hyped with a good project but yet forgotten all of a sudden.
One of it was Waves and if you are here at that time you might've saw it too. It was almost the non stop talk for like a month or a couple.

The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
They can. But it takes time.
Investors must be willing to wait for a large amount of time.
It takes mostly 3 years before it will become fruitful and others takes a lot more time than that.
But, I see some who never stops up until now.


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Bitbtc8
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March 06, 2020, 07:18:09 AM
 #16

No matter how good the teams of a project are once there is lack of funds there is a big problem, they won't be able to show their worth, there are many things to worry about and even team makes wrong choices some times

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Raflesia
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March 06, 2020, 07:50:53 AM
Merited by TimeTeller (1)
 #17

In a project everything must be prepared.
-The team is experienced in technology so their concept will be good if it is experienced.
- Funds must be prepared because building a project must have funds. Do not rely on funds from the sale of ICO / IEO. It will be difficult if the project does not develop.
-Products must be prioritized because the project has a goal on the product so this step must take precedence.
-Good marketing and can build a community with many who are interested in the project.
-Do not underestimate tokens at the entry into the low exchange because it will anger the investors.


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March 06, 2020, 09:08:28 AM
 #18

I don’t know of any projects that would be bad, but the project community has created a positive buzz around itself. if you find such a project then the community is just a group of idiots who don’t know what they are doing. I thought that now people who invest their money have become smarter, but as we see not all of them.


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March 06, 2020, 09:39:12 AM
 #19

The poor developers will be only compensating the early investors in this case i meant we have seen a bunch of crap projects that hyped but the community but in the end they become nothing. I know about your main concern looks so unfair for a project that has made a good product but it's still undervalued. I have been using a product that comes from the undervalued project too that was placed on below top 100 CMC and i never encounter any problem by using its product and i can even use my crypto virtual card properly.
The problem is too much short term speculators who were driving the hype from the project and after they have achieved what they want.






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patz22
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March 06, 2020, 11:06:03 AM
 #20

No project is perfect when it comes to different factors, that is my opinion. But I think the best way to gain much attention is to be in touch with the community and with a good marketing team for sure, it will soar high! See, every developer already got knowledge or ideas when it comes to a so-called "good project" but it will make a difference if it is being hyped just like what OP said.
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