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Author Topic: Whats your thought about New projects?  (Read 53994 times)
isaac_clarke22
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August 17, 2020, 06:43:54 PM
 #21

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?
Too bad.
What crypto forum did you visit anyway because you said "visit some"?
In the end, bounties or any project isn't gonna guarantee you that you'll be proud that you invested your money to them.
Kinda feel bad that you did not hear from the devs again though.

Did you consider yourself researching about the said project for a bit?


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August 17, 2020, 06:47:05 PM
 #22

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?
I'm always not having any good opinion on new projects and this is the reason I do miss like the projects like ETH and chainlink. Because in my opinion, there will be no need of any altcoins in this crypto space but time is proving how wrong my assumption is. I got that a opinion because I'm seeing lots of repeated and lack of innovation based new projects.

When there will be a project which will be solving/addressing what people need in real-world then we must need such project. Unfortunately we are getting once in awhile like it will be taking 2 to 4 years of time to have such projects. So, instead of risking in all the new projects with the expectation of innovative things; I believe just ignoring all the new things will be a good idea because we are having bitcoins.
Current projects do not provide new innovations and are only imitations that they apply to their projects. I see the current trend of defi a lot of new projects coming, of course, this will be abandoned after this trend fades and will projects like the old projects have advantages in the future?

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August 17, 2020, 07:00:37 PM
 #23

There are some very good new projects that are better and active than many old projects, you just have to do your own part by going in deep to find real reasons why the projects will perform better in future, DeFi is doing very well lately but believe me not all of them are worth buying, just do your own research

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August 17, 2020, 07:13:28 PM
 #24

I don't think anything good about new projects, because most cryptocurrency projects are created in order to make money on this, and then someone else thinks about new opportunities and technologies both for the cryptocurrency sphere and for other areas.

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August 17, 2020, 07:27:49 PM
 #25

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?
You need to be careful about projects that you will promote or invest money on, not all new projects are reliable, learn to do good research on them before promoting, also make sure the project chose high quality exchanges, this is a big sign that the team aren't joking around

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August 17, 2020, 07:27:52 PM
 #26

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?
One thing I have seen with the projects is that they make an announcement, create a hype, capitalise on it, dumps their tokens on the general public, run away with profit and after some time, they again come up with a different team and different token for the same process. I sometimes feel pity on the people like me who get cheated by these projects and loose their life savings by investing in these scams.
Only a few projects out of a 1000 projects tend to survive the first year with promising results because the team is always there for development and not for short term profits, look at the ethereum or maybe ripple team, they are doing their work effectively and due to which the coins are also on the top of the market even with such huge market supply.

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August 17, 2020, 07:32:40 PM
 #27

There are some very good new projects that are better and active than many old projects, you just have to do your own part by going in deep to find real reasons why the projects will perform better in future, DeFi is doing very well lately but believe me not all of them are worth buying, just do your own research
Most projects are really useless and wasting of time, however it doesn't mean all of them are in the same situation. As you above mentioned there are still some good projects, which from you can make good profit in the future. Defi is really doing very well compared to other projects and it can be the best choice. On the other hand you should find reasons why the project is good for investing and then you can make profit from your investment, contrary you can lose your money.
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August 17, 2020, 07:34:12 PM
 #28

Most new projects team are money grabbers who won't stop at anytime but keep continue to make bad projects to lure their victims, be very vigilant around new projects, make sure they are very popular and have good use case

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August 17, 2020, 09:18:33 PM
 #29

There are some very good new projects that are better and active than many old projects, you just have to do your own part by going in deep to find real reasons why the projects will perform better in future, DeFi is doing very well lately but believe me not all of them are worth buying, just do your own research
Most projects are really useless and wasting of time, however it doesn't mean all of them are in the same situation. As you above mentioned there are still some good projects, which from you can make good profit in the future. Defi is really doing very well compared to other projects and it can be the best choice. On the other hand you should find reasons why the project is good for investing and then you can make profit from your investment, contrary you can lose your money.

The major reason why a lot of projects are being created and launched is to grab money from naive users. Let's accept the reality that most of them are designed to lure investors and rip money from them. Very few can be considered quality project and that needs good assessment from the investor. Not all DeFis are good to invest with as well, be careful in joining the bandwagon because most of them are like ICO projects before. Don't just join the hype because most of them have empty foundation.
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August 17, 2020, 10:39:58 PM
 #30

Nothing, there are no good projects nowadays because most of it are already been introduce in the market like offering services whe one do reservations to a hotel to which project are catering like this. Other projects are doing decentralized exchange where there so many or available decentralized projects and they are dead projects. Even porn projects were being introduce here but most likely fail because there are too many existing project already with their so many ideas that they do copy even the banking system. In the end all of it or most of it are scam. So sad that new projects now are just being made to scam the investors.
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August 17, 2020, 10:42:34 PM
 #31

that's just money-grabber project and there are so many projects that were working like what you have already said that. That's called a gimmick project that already created to grab money from the market.
You must be careful to avoid participating in such project.

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August 17, 2020, 10:49:50 PM
 #32

They create a new project because of their needs. But many of them are not continue the project after they know the market conditions. That is why, after the project runs for some time, the project has a problem. And many of the projects end by scamming the people. They have a good idea, but they don't learn more about how they will survive and continue to run the project if the market situations are like these days. We hope every developer can learn this to think about how to create a new project and how to survive in the fluctuated market.

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August 17, 2020, 10:50:05 PM
 #33

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?
They are doing this for money, offering money doubler scheme, quick returns, and after all, they were an exit scam. That is why I'd never look any opportunity into a new project, they have been judged already as a dead one and they serve nothing. Maybe not all new projects are just scam but it is too hard to figure out which one is legit as probably out of 100 projects only 1 or 2 has been consistent with their promises.


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August 17, 2020, 10:53:33 PM
 #34

For me, most new projects are useless, because they only aim for fundraising. After the owner and the team developers get a profit
from these new projects, then the new projects will be abandoned. Because of this, many investors have experienced it losses due to
investment in new projects. So the conclusion is to avoid investing in new projects if you want to be safe, choose old projects like Ethereum
for an investment option.

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August 17, 2020, 11:30:08 PM
 #35

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?
We're in good markets, at least better than last year. New projects are very promising after I joined the Cartesi campaign but unfortunately I miss the DIA campaign. The new Oikos project is very nice but they choose a bad Tron wallet to distribute the token. Because of this bad wallet, I don't receive my bounty rewards

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August 17, 2020, 11:42:44 PM
 #36

For me, It is always the same from year to year. There are many worthless projects and there are some good projects as well. The point is how we can use a proper way to know the best ones from those new crypto projects. Even if the current trend is IEO, we must note that no guarantee for the success of IEO projects. We must keep a selective way to choose or analyze the potential of new projects.

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August 17, 2020, 11:58:17 PM
 #37

It's been a long time, crypto projects always appear every day. even in 2018, there were more and more crypto projects than today, especially when they use of ICOs as crowdfunding was booming.

Well, in this regard, I am personally not someone who likes to invest in new projects, because of course, this is very high risk. Both from failed projects, scams, not developed projects, and also teams that let go when the project was completed.

Especially when they have their coins listed on exchanges. Sometimes many are not serious and end up leaving their coins with the investors who have trusted them.

Personally, I will like the new project that really offers the real project and has good relations with the big companies. But once more, just be careful in picking the right coin or token. It is better to make it based on the serious analysis.


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maxreish
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August 18, 2020, 12:16:28 AM
 #38

Some are just bringing up new projects for fund raising. Or in other words, it is all about the gains if investors will gonna pick up their project. Unfortunately, this seems to be an old trick now. Investors are wise enough nowadays to choose whether the project to be participated will gonna have a good future or not.

I am not saying new projects are all useless, but only few are created sincerely with a great use and advantage in crypto industry.

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August 18, 2020, 12:50:35 AM
 #39

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?
Some of the projects these days requires a good amount of community, active project team members, and a unique and working platforms/products/services/etc. I have also participated in some of the projects that are abandoned in the process with a lot of promises, of course they're here to gain someones interest but most importantly they should have meet the proper standards about what they're promising to their community and most important thing of all is that they're 100% sure about what's going on about their project. For the investors they should have "DYOR" or "Do Your Own Reaserch" before making a step into investing to a project, for me personally I like to discuss with the community and the people behind the project for better knowledge before investing.
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August 18, 2020, 01:08:33 AM
 #40

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?

Sorry to hear read your bad experiences about these nonsense projects but it's true I have participated in so many of them but there are still a lot of good projects on the line here like Oikos a Defi project and so many more, projects now are like a box of chocolate we never know what we are about to get we just have to keep moving on..

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