Wysi (OP)
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July 23, 2020, 06:07:08 PM |
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We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
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jackg
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July 23, 2020, 06:21:21 PM |
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I don't know how much people are wanting to invest tnow in projects that aren't related to defi or similar. There were a lot of defi projects that seem to have come through or are promising in their development people are focusing on.
It's probably sadly a similar number of legitimate projects as we normally have and just fewer scams or projects have been absorbed by other things. Also I don't know if we have gaps to fill yet in the crypto sector...
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Wysi (OP)
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July 23, 2020, 07:16:27 PM |
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I don't know how much people are wanting to invest tnow in projects that aren't related to defi or similar. There were a lot of defi projects that seem to have come through or are promising in their development people are focusing on.
It's probably sadly a similar number of legitimate projects as we normally have and just fewer scams or projects have been absorbed by other things. Also I don't know if we have gaps to fill yet in the crypto sector...
Yes, even I have witnessed numerous defi projects in last 6 months and I was really impressed with this project named GEOMA which has a promising whitepaper, but as you have mentioned we still have gaps to fill in the crypto sector wherein we need more diversified projects because right now we see dozens of defi project just like how we used to see payment related projects in the past.
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casperBGD
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July 23, 2020, 07:20:20 PM |
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I don't know how much people are wanting to invest tnow in projects that aren't related to defi or similar. There were a lot of defi projects that seem to have come through or are promising in their development people are focusing on.
It's probably sadly a similar number of legitimate projects as we normally have and just fewer scams or projects have been absorbed by other things. Also I don't know if we have gaps to fill yet in the crypto sector...
Yes, even I have witnessed numerous defi projects in last 6 months and I was really impressed with this project named GEOMA which has a promising whitepaper, but as you have mentioned we still have gaps to fill in the crypto sector wherein we need more diversified projects because right now we see dozens of defi project just like how we used to see payment related projects in the past. but, as one can notice on coingecko or similar websites, number of listed or followed projects is on the rise, we are now above 7000 and still counting, with daily increase, so i would not say that there is no new projects, rather that they are doing different type of marketing, and bounties on bitcointalk are mostly reserved for scams, with position exclusions, but they are rare, or superrare
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stomachgrowls
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July 23, 2020, 07:57:32 PM |
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We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
You have already answered your own question!. When it comes to number of new projects then its just understandable that there would be less and even to those who do launched even up to these days doesnt really even give out some unique idea and still continuing to use those common platforms or blockchain that we do know. If you get shocked then better on getting used to it since this is the sad reality for those project where they dont get that much support nor funding due to investors confidence had already been shaken off because of the incidents do happen in the past where scamming and fraud projects do fly out everywhere. Im not saying that there would be no chance for legit and potential ones but raising up these days would really be much more a tougher challenge.
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ReiMomo
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July 23, 2020, 09:12:18 PM |
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I guess the main reason is those numerous scams happening during ICO/IEO and now we had project defi but it takes time for the investors to make a study about these projects. Because the mark of being scam was in their mind and they don't want to happen again. Yes, even I have witnessed numerous defi projects in last 6 months and I was really impressed with this project named GEOMA which has a promising whitepaper,
It seems you are right and I am one of their bounty hunters, I hope they will succeed soon and get a better reward and also those investors.
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ololajulo
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July 23, 2020, 09:28:59 PM |
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I don't know how much people are wanting to invest tnow in projects that aren't related to defi or similar. There were a lot of defi projects that seem to have come through or are promising in their development people are focusing on.
It's probably sadly a similar number of legitimate projects as we normally have and just fewer scams or projects have been absorbed by other things. Also I don't know if we have gaps to fill yet in the crypto sector...
Yes, even I have witnessed numerous defi projects in last 6 months and I was really impressed with this project named GEOMA which has a promising whitepaper, but as you have mentioned we still have gaps to fill in the crypto sector wherein we need more diversified projects because right now we see dozens of defi project just like how we used to see payment related projects in the past. but, as one can notice on coingecko or similar websites, number of listed or followed projects is on the rise, we are now above 7000 and still counting, with daily increase, so i would not say that there is no new projects, rather that they are doing different type of marketing, and bounties on bitcointalk are mostly reserved for scams, with position exclusions, but they are rare, or superrare I wish all this market chart can remove some projects from there list. A lot of projects had died and are still showing some report. some project no longer have exchanges, if all this coins can be removed maybe the negligent teams can do more to get listed or rather go extinct. Binance is listing so many existing project on their market and it could send a quick message of a positive market sentiment.
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NavI_027
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July 24, 2020, 04:10:31 AM |
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We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years.
Yeah! I notoce the same thing. Not a good news to be honest but I think it's okay somehow because the market seems more peaceful. I can only think two common reasons why the number of projects are greatly reduced: 1) The market remains sleeping (not booming nor declining, just stabilizing) which means less active investors are circulating, totally not a good season to introduce a new ICO. 2) Due to previous many incidents of scam investments, ponzi schemes, failed ICOs etc., the new as well as the old investors never tried risking their money again. They take a rest on crypto or the worst is they stopped We can expect a livelier market once bitcoin skyrocket once again. Just like last 2017 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .
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LUCKMCFLY
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July 24, 2020, 04:21:26 AM |
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We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
At the moment the world is in controversy for many facts, the Covid-19 is undoubtedly a fundamental that still gives us something to talk about, the projects have also been decreasing due to the regulations and controls that have been implemented. Investors' money prefers to put it on the safe side, in Bitcoin. However, some nascent projects can be successful when Bitcoin takes its Bullish trend, at the moment the market has a lateralization, which makes it difficult to dive into the projects.
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maxreish
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July 24, 2020, 05:13:53 AM |
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Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects? Probably. Or they are thinking of a new way on how to put up new projects for them to scam investors again. As you know, investors today are smart enough to choose a good projects. Unlike before that projects with a very good fake platform attracts investors and do some fund raised to scam them. The way ot used to be from previous years is way different today.
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pooya87
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July 24, 2020, 05:22:04 AM |
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it is THE CYCLE.
you see it is not just bitcoin price going up, ending in a bubble then bubble bursting. it is accompanied by a lot of new members coming in so many of them wanting to become rich over night and a lot of scammers becoming active again creating garbage and selling it to them by telling them things like "this coin is replacing bitcoin". consequently when the bitcoin bubble burst occurs and the market slows down a lot of those newbies go away and many other newbies gain enough experience to not-trust garbage coins anymore. as a result the scammers go into hibernation until another wave of newbies enter.
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Zackgeno96
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July 24, 2020, 05:23:25 AM |
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Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects? Probably. Or they are thinking of a new way on how to put up new projects for them to scam investors again. As you know, investors today are smart enough to choose a good projects. Unlike before that projects with a very good fake platform attracts investors and do some fund raised to scam them. The way ot used to be from previous years is way different today. People still fall for these scam projects today also, it is just that the amount of funds being raised have drastically reduced as compared to the previous years where a below average project could also attract more than $10 million in their ICO fundings and still make a profit for investors as well on just the basis of a promised working project in the future. But nowadays people have changed how they would invest their money, they really want to see a working copy of the project first and only then invest in the project.
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Twinkledoe
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July 24, 2020, 05:31:44 AM |
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Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects? Probably. Or they are thinking of a new way on how to put up new projects for them to scam investors again. As you know, investors today are smart enough to choose a good projects. Unlike before that projects with a very good fake platform attracts investors and do some fund raised to scam them. The way ot used to be from previous years is way different today. And because a lot of investors already learned their hard lesson from the past years, they are now very cautious with blockchain projects. And I guess it is good on the investors side, because the less scam projects here in crypto, the less number of investors being screwed. I hope only quality projects will proliferate in the market and see the real benefit of blockchain technology.
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okala
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July 24, 2020, 06:30:00 AM |
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We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
People and investment companies are now wise. We have lost a lot of money to scam projects and that has really affected us. Since ending of last year we have started seeing less and fewer projects meeting with their shift cap and that makes discouraged those with the aim of scamming other through new projects.
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GreatArkansas
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July 24, 2020, 08:00:43 AM |
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It is also because of the result of the bear market since last few years, the ICO is the best way to conduct a project which a lot of project even non-legit are entering in cryptocurrency just to scam lot of people and make money. That's why you can see a very few projects are coming, because lots of people already learn their lesson on last few years with lot of different projects.
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glowing10
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July 24, 2020, 09:17:47 AM |
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Investors would be less interested now in the ICO as compared to the time when we had huge growth and also good benefits for investors. But after the scam or coins which does not had any value where investors wasted their money resulted in people staying away from such projects. Also, in pandemic times might be people would not be willing to take that amount of risk due to uncertain future which still exists. All this might have hamper some of the projects.
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$crypto$
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July 24, 2020, 09:44:35 AM |
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Investors now know which ones to invest in their latest projects, so this can also affect the crypto market. I am not sure about ICO anymore, even if the IEO in the low market does not guarantee its success in the future, so now is the year. it's better where the projects that come up are few but always come up with new innovations and that can make the crypto market much more interested, of course we will start new ones.
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Oasisman
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July 24, 2020, 09:46:48 AM |
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I guess the main reason is those numerous scams happening during ICO/IEO and now we had project defi but it takes time for the investors to make a study about these projects. Because the mark of being scam was in their mind and they don't want to happen again.
It was the 2017 unexpected pump of Bitcoin that encourages a lot of ICO (the real ones) and the scam ICO's. That was like the rise of the ICO projects as well. Now, as the bubble in 2017 burst, crypto projects gradually lose their interest to pursue as some investors left after the bubble. Scam isn't the main reason here, but it's the investors who has been discouraged in 2018 market run after believing that Bitcoin/cryptocurrency is the source of lavishness.
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Lucius
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Crypto Swap Exchange🈺
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July 24, 2020, 10:25:49 AM |
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What is the purpose of all these so-called projects based on a lot of false promises and almost certain loss of money for investors? I think we need to change the paradigm that crypto is something that allows anyone to start a project, without any permission from the regulator and responsibility for the success or failure of the project.
Such an approach only hurts BTC, it turns out that any fool can start a project, scam people for a few million dollars and then disappear - and everyone else pretends like nothing happened. Do we need another series of ICOs, new magic altcoins to replace BTC, or so-called cloud mining where some are still getting rich at the expense of naive people?
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exstasie
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July 24, 2020, 10:27:49 AM |
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We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?
It's a market lull, no more and no less. I think the altcoin and token markets are in a very similar place to Q2-Q3 2015. This is especially apparent on charts like DASHBTC. Most likely, altcoins are forming accumulation bottoms vs. BTC during this period. During times like this, altcoin sentiment leans bearish and not much money is flowing from BTC into altcoins. You will probably see very few new projects due to that dynamic.
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