Many old coins are dead and abandoned by the developer, WHY?

[Banulit]

There are several reasons why a project became valueless and turns out to be a shitcoins. One of it is the coin/token has doesnt have enough support from the crypto-community that makes it so weak to compete in the market. Another is that the developer doesnt have any further more plan to their project and they are just into getting funds and afterwards runaway and scam many investors. Also, the team developers is consisting of non-experts and lack of crypto experiences and expertise that make their project so weak and/or no potential to be in crypto industry.

[Wingsbtc]

Bad products or lack of good use case will kill interest for any project, raising fund for such project will always be a problem, developers need to make sure that their project use case is non repetitive or cloned of other existing projects, if you can't bring up your own idea do not bother releasing a garbage project, it's a waste of time

[Gunday_07]

Some developers intentionally create bad tokens to steal money and some failed because the team can't handle what the created, many developers in crypto space shouldn't be called developers, they aren't into blockchain at all, no experience or whatsoever, still they will go ahead and create tokens with bad use case

[Inkdull]

Many projects are created to get abandoned as time goes on, they are just like pump and dump projects, I invest less in new projects and more in old projects because it's getting more difficult to know which project is legit or which one has bad intent, investing in new projects is like trying out your luck, the kinda luck you'd pray when gambling

[goddess116]

If it don't succeed, the easiest way is to give up，nobody pay attention，no circulate，such coin what can you do except abandon.If developers still want to keep playing，rebuild a new coin can save they a lot of time.

[Saisher]

No matter which old coins you choose to "hodl" for the long term, it's important to never put all your life savings on them. The risks with old coins are much higher than shiny, new ones on the market. You could end up "holding the bag" someday if your old coin of choice becomes abandoned in development. This in effect, leads to exchanges de-listing the coin, putting trading activity all the way down the drain.

It's very important that as long as you are holding any coin whether old or new you need to follow it's development and do not have a strong attachment to them and you should be ready to sell when the time comes that they are losing value, this is to protect your money and avoid losing a lot of money.

[dainoran]

i have some thoght that maybe they leave their old coin are dead because they were developed by some amateur developer.
they can make a new product/project that folllowing the crypto trend for now. then they can swap the old token and make it alive again.

[Greatdev]

Two things are involved here, a failed project is different from a scam project, a failed project fail due to lack of funds or interest in the project, expectations aren't met and they have no choice but to close down but some people willingly build scam projects to rob investors of their money and slowly swallow the whole liquidity themselves

[New_order]

Two things are involved here, a failed project is different from a scam project, a failed project fail due to lack of funds or interest in the project, expectations aren't met and they have no choice but to close down but some people willingly build scam projects to rob investors of their money and slowly swallow the whole liquidity themselves

This is even a tip of the iceberg, scam developers are now blaming hackers for their misfortune, they pretend to be hacked or they hacked their projects themselves and lie to the world about their misfortunes, this is currently happening around DeFi projects today.

[Anonylz]

Especially those project where the team are mostly anonymous, no trace of identification which means very easy to abandoned one project and quickly jump into another and continue deceiving people,
It is important know the team behind a project has genuine interest for that project enough to make them stay and support the project long term or as long as required,
Yeah we have many abandoned project around because the dev have probably move on to a new project or just simply abandoned the project and took funds live a good life.

[Kong Hey Pakboy]

Especially those project where the team are mostly anonymous, no trace of identification which means very easy to abandoned one project and quickly jump into another and continue deceiving people,
It is important know the team behind a project has genuine interest for that project enough to make them stay and support the project long term or as long as required,
Yeah we have many abandoned project around because the dev have probably move on to a new project or just simply abandoned the project and took funds live a good life.

Those team members in a project who don't introduce themselves or stay anonymous are definitely a scam because there is no legitimate proof that they can be trusted, making investors worry and hesitate to invest their money in them.

One of the reasons why some developers abandoned their projects is that they lack time and budget and don't have any concrete plan that they left with lost and limited motivation; that is why their project is a failure.

[Marble777]

maybe because the previous project has no hope to continue and then the dev prefers to create a new project and leave the old project. but not all like that, what I often encounter devs leaving old projects because they have pocketed quite a lot of money from embezzlement of investors' money.

[bryant.coleman]

The methodology is really simple. There are thousands of altcoins available in the market and the promoters just need to plagiarize the code and white paper of any of these coins. Once this is done, they need to hype the coin using various bounty campaigns and then get it listed to one or two small-sized exchanges. The next step is to trigger a pump-and-dump cycle. Once this is done, the promoters can dump most of their coins/tokens and then exit the development. And this results in "dead and abandoned" coins, as mentioned by the OP. And the promoters can repeat the cycle multiple times, as long as there is demand in the market.

[Fredomago]

Actually there are many reasons why the old coin dies until there is no value anymore, especially the team that manages the project does not form a community so that there is no development on the project and eventually the volume is lost because there are no more enthusiasts from investors, especially now that many new coins are present so that the old coins are left to ashes.

competitions is the killer of any projects, if the team is not good in marketing their projects expect that it will die eventually, without any participation from the community, there's nothing that attract new investors to invest in and work with the project, it's very important
that the team builds a solid foundation.

maybe because the previous project has no hope to continue and then the dev prefers to create a new project and leave the old project. but not all like that, what I often encounter devs leaving old projects because they have pocketed quite a lot of money from embezzlement of investors' money.

It's all about how much they've collected, if that's enough they will just dis-continue everything and enjoy those money that they've
got from those poor investors who put in their money hoping for something good to happened with their investment.

[VDraci]

Don't ever invest what you can't afford to lose even if the project looks like it will always be here to stay because we can never tell if the project will survive for long term or short time, the most dangerous projects in crypto world are new projects because the success of crypto is why we keep seeing fresh projects almost every day now

[bitcon]

We learned the hard way, I was so obsessed with planning to be a future whale so I kept holding every single altcoins I earned or mined, after three years of waiting all those coins goes down to the extent of no return, they are so far from recover and almost died, most new altcoins are bad for long term holding, one need to be careful with new altcoins

Crypto-exchanges also contributed to the appearance of dead coins. A token that is traded on a well-known platform will attract new investors faster, because the fact that it is listed already indicates its potential. The problem is that not all project owners could pay for a place in the listing.

[RokokGudangGaram]

We learned the hard way, I was so obsessed with planning to be a future whale so I kept holding every single altcoins I earned or mined, after three years of waiting all those coins goes down to the extent of no return, they are so far from recover and almost died, most new altcoins are bad for long term holding, one need to be careful with new altcoins

Crypto-exchanges also contributed to the appearance of dead coins. A token that is traded on a well-known platform will attract new investors faster, because the fact that it is listed already indicates its potential. The problem is that not all project owners could pay for a place in the listing.

That is indeed true. That is why funding and marketing are one of the significant elements in pushing through a project. And as per the holding strategy that has been instilled in everyone during the earlier times of cryptocurrency, we can really say that there is a great risk in doing it because coins may come and go.

[Searing]

It can be 'tricky' to tell if a coin is really 'dead' or not.

This is because ALL the Crypto Exchanges here or there or anywhere NO LONGER purge 'dead coins' they just live on the exchanges forever.

The price 'never' goes below 0.00000001 1 Satoshi. For example, I have the 'dead' coin FujiCoin of 10 million of them. That would mean that 'on paper'

it is worth at today's prices of $19,315.18 from www.coinmarketcap.com $1,931.52 USD. With me so far?

But you have to look at the coins 'sale' volume and how many coins on various exchanges are for sale or buyers.

In Fujicoins (FJC) case there are like 50 million FJC for sale and NO buyers at this bottom price that can be listed on any exchange above.

Thus at say $6 of sales in a month, with on any exchange, millions of FJC ahead of you in the sell column, you will NEVER go up enough in the que

to sell any coin. Thus this is the sure-fire way to tell a dead coin...no volume..no sales and everyone trying to sell ASAP on all exchanges and of course

the kiss of death of 1 sat is a low as you can go.

Again, it would be nice if exchanges 'would' research stuff like above again and get rid of 'dead' coins..but hey $6 a month of FJC sales is $6 a month of

FJC sales to the exchange, so they never bother. Thus exchanges keep filling up with the latest coins and never dump the dead coins...making it all so very

hard to muddle through all this. Anyway, this is how I know Fujicoin is deader than dead, no matter what the exchanges or the founder of FJC says.

Brad

[Becky666]

Don't ever invest what you can't afford to lose even if the project looks like it will always be here to stay because we can never tell if the project will survive for long term or short time, the most dangerous projects in crypto world are new projects because the success of crypto is why we keep seeing fresh projects almost every day now

That's one of the best slogan in the industry, "don't invest what you can't afford to lose", this statement have helped thousands in the industry, including me myself. I sometimes blamed and still blaming those investors that can't read project whitepapers before they invest, most of these projects without concrete or legit whitepaper are always found with plagiarism of any sort, and this should have be a clear indication that the project isn't safe for investment. But what we see with investors is: they will push into the project funds they can't afford to lose thereby incurring unnecessary debts when the project fail.

[kpierce77]

We learned the hard way, I was so obsessed with planning to be a future whale so I kept holding every single altcoins I earned or mined, after three years of waiting all those coins goes down to the extent of no return, they are so far from recover and almost died, most new altcoins are bad for long term holding, one need to be careful with new altcoins

Crypto-exchanges also contributed to the appearance of dead coins. A token that is traded on a well-known platform will attract new investors faster, because the fact that it is listed already indicates its potential. The problem is that not all project owners could pay for a place in the listing.

It's not just a listing issue. many coins have been listed but ended up being shitcoin now. the most important thing is the development of a project, if you look at the top 100 coins in cmc, they all have good technology, real use cases and also development according to the timeline. So the development of a project is the most important because where do you want to take the project, if the project has an accurate real use case I'm sure the price will be good