Whats your thought about New projects?

[Sulman326]

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

[bitmover]

We don't really need more altcoins right now.
But there are other interesting new projects.

We need easy to use wallets  , easy to use and cheap payment solutions (expand gift cards ideas), etc.

We need new infrastructure projects.  They are usually boring projects, but that's what we need now and they may make money.

[Mulann2]

Mostly people don't trust new projects any more just because of the reasons you mentioned above and much more, most new project are only here to generate funds from the public and disappeare, they have no intention of developing such project, while the remaining few have a good concept and solid fundamentals to support the project, there are lots of new project that have a solid team and the reason why people are investing in it.

[shadowduck]

there is nothing surprising here. in the same way, there are a lot of businesses in the world that are closed every year. This is the law of the market. all projects and all businesses will not be able to exist

[20kevin20]

Nowadays it's pretty hard to have a legit coin with a legit team behind it and interesting/unique fundamentals pop up. Having a new coin today is as easy as going on some random website and paying someone to literally fork a coin and switch the name to the one you desire.

We have too many alts. >95% of them will clear out sooner or later - it's just impossible to have these many and the more coins there are, the less sense their existence makes. Just stick to what's legit and let them fake projects with fairytale descriptions die out.

[cabron]

Lesser projects are sprouting nowadays. Things changed so far, it used to have plenty of them going to announce their campaign every Monday which bounty hunters sometimes keep hopping which to join but now that those scam teams already knew people in crypto have learned they can't always scam, they finally slow down.  New projects these days still don't have new ideas except those defi which they are growing in numbers.

[Chuky92]

And the fact still remains that these new projects will continue coming up where only few of them will be legit and the rest scams. Also, another thing to have in mind is that, these new projects always take a new form, or a particular feature to enter the crypto space; to understand this, nowadays we are hearing about Defi projects and they are now on the minds of many people and everyone now keeps looking for new Defi projects to invest in. Therefore with this Defi hype, more projects will come into play and when the hype goes down in the near future, another brand of projects will come in and the circle continues. So it can be seen that, in every circle more projects comes in with majority being scams.

[Yamifoud]

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

Disappointed in what I see them and its a big loss into our part. I truly amaze a number of new projects coming up but not actually it impress the public as well as for the investors because of their potentiality and of their broken promises. Most of them are shit and we can't deny that but to know also that some of them are trying to capture the attention of investors just to give them trust and gives back what they can give. But unfortunately, it never gives much attention from the investors because their appreciation is different by now unlike before, and they are worried and they might disregard new projects causing them also to fail.

[legendster]

Projects backed up by investment firms, or incubators have the best chance of being worth anything. Take Binance labs projects for instance. Almost no bad apples in that basket. This might seem like a promo plug but it isn't. The one I am looking out for right now (beyond Vsystems obviously) is Injective Protocol, a collision-resistant DEX protocol. Might sound boring at first but once you dive in, you'll know where the excitement lies.

If you want to get to know about that project, read the whitepaper. https://docsend.com/view/zdj4n2d

You could also participate in their ideation contest with a grand prize up to $5k. Details here: https://medium.com/injective-labs/derivative-market-idea-competition-presented-by-injective-protocol-dfa7db0092d6

[Finestream]

New projects has a very less chance of getting a success, unless it's a high funded project that they can afford to get listed in big exchange for an IEO, because big exchange can help hype the project and they'll likely to raised what is expected.

In my personal view, I would stick with the old coins since the market is quite bullish now and I believe they will recover more once this continues to be bullish for the rest of the year. Choosing is not really easy considering the high rate of scam, but if you like a lesser risk, just go with the projects that are liquid in volume and listed already in different legit exchanges.

[electronicash]

unless the project becomes popular in a very short period of time, you will profit from it considering its not a scam.
newer ones just don't have liquidity if its not listed to good exchanges. we have seen many of them and though they are very legit and the team are doing good yet only listed on stex or dex, its going to take them years and years. the list of projects created since 2018 are still in this stage even today. the lucky ones have decided to dumped their holdings before the project was abandoned.

[GreatArkansas]

I will not trust again these new projects anymore, I remember what happened to me before, especially around bull run 2017-2018, when I am really in love with these new projects, lot of ICO I participated before but most of them are gone and lot of Bitcoins/Ethereums I lost way back then.

[harizen]

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

Their purpose should be mentioned in their ANN or Whitepaper. Now up to you if you want to buy it or what do you think of their proposals, does it have a sense or it is applicable to adapt crypto ideas on their product.

Those abandoned projects aren't new. Sometimes the purpose is just to gather hype. But still, kudos to other projects that currently still on active development despite almost hitting the bottom after their respective ICOs.

It doesn't mean though that there will be no good projects. You just have to maximize your DYOR in order to get involved in a good project.

[albon]

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

In my opinion, bringing a new project to the crypto field these days may be a clear scam, Because I see if the project does not have a unique idea and strong financing that enables it to place its token on top exchange platforms and investors interested in it, This indicates that the project will fail or disappear after collecting the funds of the investors. I advise you to invest old or listed tokens on the big platform because it is safer and you cannot regret.

[ryzaadit]

We need easy to use wallets  , easy to use and cheap payment solutions (expand gift cards ideas), etc.

How much cheap you want? a cent, under a cent or no fee cost at all. I believe there already have a solution for this, you want to use the cheapest fee is no fee then we have internal transaction and centralized transaction. If you don't want to be centralized, then use nano they used DAG for zero-confirmation and no fee at all.Easy wallet? I mean all wallet was pretty same to use and almost all wallets were already easy to use.

Some of the new projects sometime coming up with a new offer to solved a problem for the previous project/altcoin, so there will be have a new development cryptocurrency. Its part of a open-source when everyone free to make their own cryptocurrency. But keep it mind, if you want to used it as investment purpose then need to see, research about the project it self.

[restuibu]

new project goals come of course to solve every industry problem we face but unfortunately they come with a lot of false promises (scammers) that really only 1% real.

[Google+]

new project goals come of course to solve every industry problem we face but unfortunately they come with a lot of false promises (scammers) that really only 1% real.

well maybe now if you see a variety of scammer cases are created from a new project but I'm sure not all new projects are like that because I see there are some projects that really provide solutions and be the best choice and have a very good development.

[Zicadis]

I tend to only invest in new projects if I believe they've got a good hype train behind them. This is all that really matters in the end.

Nobody really expects most new projects to actually disrupt the system. They just shill it wherever possible so that their bags have a chance of mooning.

If you're savvy, you can definitely make some solid gains trading newly launched projects, e.g. on Uniswap and BitMax etc.

Just don't hold on too long, since most new projects inevitably end in failure once all the earliest investors dump their bags on newcomer plebs.

[bitmover]

I tend to only invest in new projects if I believe they've got a good hype train behind them. This is all that really matters in the end.

Nobody really expects most new projects to actually disrupt the system. They just shill it wherever possible so that their bags have a chance of mooning.

If you're savvy, you can definitely make some solid gains trading newly launched projects, e.g. on Uniswap and BitMax etc.

Just don't hold on too long, since most new projects inevitably end in failure once all the earliest investors dump their bags on newcomer plebs.

That's what happens most of the time...I personally try to stay away from hype because hyped projects are doomed to fail  and you mentioned.

I believe there are some good projects,  but a good project doesn't need hype. Only bad ones do.

How much cheap you want? a cent, under a cent or no fee cost at all. I believe there already have a solution for this, you want to use the cheapest fee is no fee then we have internal transaction and centralized transaction. If you don't want to be centralized, then use nano they used DAG for zero-confirmation and no fee at all.Easy wallet? I mean all wallet was pretty same to use and almost all wallets were already easy to use.

I am not talking about mining fees neither centralized exchanges like coinbase. I am talking about comission to third party such as bitpay for payment solutions.

[flagpara]

I will not trust again these new projects anymore, I remember what happened to me before, especially around bull run 2017-2018, when I am really in love with these new projects, lot of ICO I participated before but most of them are gone and lot of Bitcoins/Ethereums I lost way back then.

you should not generalize all project like that, we remember on 2017 cryptcurrency market have great hype and fomo, no one miss the train while all price extremely rise. and when scammer come to market and create project we didnt realize it. its be our fault when we didnt research dilligencely at that moment. it should be our experience so infuture we will not loss money in the same project.

Like 2017-2018 years, whatever happens to us takes as an experience. How can anyone decide that all new projects will be scams? After the Bcnex exchange and Bitwings project, I don't easily trust new projects. Bitwings project should die, I want to see them die. After 1 year, they make the new rules, only scammers can do it to scam people. Participate in IEO or top exchange listed coins.