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Author Topic: Whats your thought about New projects?  (Read 631 times)
Sulman326
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August 17, 2020, 03:10:58 PM
 #1

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?
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August 17, 2020, 03:12:44 PM
 #2

I have the same feeling on new projects but it is all because most of them will eventually fail because they are just here for the money and not really serious in offering something new or innovative, many are just copy-cats of what we already have, and I am sure the people behind them are just here to make themselves rich as soon as possible so that when problems come in they immediately just hide in the mountain and thereby left the projects die on itself. However, from time to time we can see a good project that really shine and make it through the trials and errors. Finding which will make it can be so difficult.
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August 17, 2020, 03:35:42 PM
 #3

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?
Unfortunately most the projects have not delivered what they promised or planned but there have been great projects at the same time as well so as long as there are good projects market will keep taking them and skipping the bad projects. So it is an organic procedure as an investor what we can do is proper due diligence and rest depends on the luck.

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August 17, 2020, 04:27:06 PM
 #4

It depends on what kind of "new project", IMO If the project was useful in our present time for me it should be given a chance to prove that the project is useful. so that everyone has a chance to try it or evaluate it. on the other side of the story, the Defi craze nowadays is very big that even the new listed Defi tokens will be experiencing a price boom with just 24-hour time frame thats impressive.

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August 17, 2020, 04:46:20 PM
 #5

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?

More of them has no porpuse  at all they just want money from investors and give a fake whitepaper and believable roadmap that they promise they will make if they have enough investment. The main porpuse  of creating many crypto currency is greed, they don't want to be left behind and want to follow the flow of money that we have in crypto currency. They want money for the ideas that they don't even know if this will work.

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August 17, 2020, 05:00:43 PM
 #6

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?

That is how new projects will continue to come onboard.  Some are scam related while some are improvement on the dead or existing projects.  Some other new projects are also with novel ideals, with lots of sense if developed.  We can't stop the incoming of the new projects but we can carefully select which one to promote or invest in.

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August 17, 2020, 05:05:43 PM
 #7

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?
New projects are risky my friend, so if we see like 10 new projects only 2 to 3 among them will be able to survive and thrive because there are many factors involved other than funding that result in success or failure of a project.

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August 17, 2020, 05:16:10 PM
 #8

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 should select a new project to invest carefully my friend
because a lot of new project born to cheat investors,
so, before investing you must think and comparing about the risk and rewards

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August 17, 2020, 05:29:38 PM
 #9

We need new projects in the space because it is true them that new ideas spring up, most would fail which is a normal thing and some will end up being good and few will be great, this is a normal order in life. It is just left for you to choose which one of them appeal to you. There is no sin trying but not trying is a sin.
Remember that selected few of these people are also scammers


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August 17, 2020, 05:30:42 PM
 #10

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?
New projects were brought by DeFi hype, its part of crypto community now that when there's hype there are projects that appears out of nowhere, some maybe legit and some were just for sake of milking money from others. These schemes will test our ability to check each project if we plan to invest in them. We can't say all are scam since there are DeFi projects now that are already in the market before and doing well and some projects that maybe see it as opportunity to enter now due to hype but already have a name or effective product even before. I think if I will try to check every new projects now I will just end up buying BTC   Cheesy

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August 17, 2020, 05:53:00 PM
 #11

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?
Do not trust these projects because many of them are scam projects, they only want to take advantage of the crypto success that's currently ongoing most especially DeFi projects, make sure you do good research and that the projects are damn popular too

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August 17, 2020, 05:54:56 PM
Last edit: August 17, 2020, 06:07:58 PM by Shaheer Arshad
 #12

Actually after 2017 maximum projects goes fail or scam or team own make scam as a fraudulent evern still some projects goes scam by team. I can say last of King(casino) project when team made 2 round project and they lastly they out from with declaration of scamming their project. I rally ever seen such kind of fraudulent.

So in new projects, its difficult to say which team is good or bad. But now some projects coming very good like OKS where maximum participants earn some money. So we can hope in future new projects as market is going well.

thanks.
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August 17, 2020, 05:55:50 PM
 #13

Those teams did not see what was coming in crypto that is why they end up like the rest of the scam. IF they only saw that Defi could be their way up there, they could have added it on their roadmap to make sure got the attention of the investors.

2018-19 is just the worse years for a project to go live though. The market is just not going to work for projects that has no funds. You can't expect investors to just hold because the team promise something.

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August 17, 2020, 05:55:58 PM
 #14

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?

It's really hard to trust new projects these days. I've had the same experience last year but things didn't end up well. I guess I have just wasted my time and effort on those projects. It's also hard to determine if a new project is worth trusting or just fake so when it comes to investing, I would suggest that you'll choose well developed and top coins just like Bitcoin and Ethereum. Most projects these days are like bubbles so we really have to be careful in choosing.

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August 17, 2020, 06:05:29 PM
 #15

This new astriving projects are getting momentum now, they see some result on defi projects that success so they want to follow that lead and hoping for the same result. Along with that some scammers are creating new projects too abusing this trend. I have visit several site and telegram channels all of them almost talking about defi even old projects adding defi to their names. The sad thing is all of them has the same feature copying one another, most of this projects will not survive in the long run.
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August 17, 2020, 06:11:55 PM
 #16

I would just say that there is no need to get impressed from all these new projects unless you are sure of the product and the team otherwise you can silently keep a check onto the team and project development via there social media and other announcement channels and after complete satisfaction you can enter their coins at good entry price.

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August 17, 2020, 06:19:56 PM
 #17

We are excited to see a surge in the prices of coins generally. It was expected of Bitcoin to surge in price after halving which many have been waiting for and seeing all these now, it is so interesting. Cryptocurrency is becoming more interesting to me more than some months back. I wish we can have more surge in price so that we can all smile to the bank.
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August 17, 2020, 06:21:36 PM
 #18

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 only made to suck money out of the investors and give them false hope which makes the crypto market so worst that now even when a excellent and genuine projects comes around we have to think about letting it go because it might again be smoke promises which would result in nothing and the ICO might be the only thing they need.

I have been part of so many ICOs where I feel like what possibly can go wrong with such great idea and amazing looking team but once they have their bag filled with investments they just never have the same energy and enthusiasm to work again for the project and it eventually dies prematurely despite having everything they need.

I mean we cannot even know if a good idea and a good team behind it will be enough because they might not have the same enthusiasm once the have the money raised.
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August 17, 2020, 06:26:26 PM
 #19

I will just keep aside the topic of scam projects as this is a different story.
The situation is today such that, even if we feel any project legit, we do not have that confidence(which used to be earlier) in it. I always think about how much duration the project will be successful. I have seen projects declaring close of business due to insufficient funds even after a year or two. I think it is very hard to predict the project as per their roadmap as it is up to 2-3 years of development.

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August 17, 2020, 06:39:26 PM
 #20

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.

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