Some projects are fated to doom?

[DevFile90]

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

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[chenille]

Of course, a good, hardworking team is not a guarantee for a good project.
For building a good project, it requires A LOT of knowledge, experience and how to proceed in a constantly evolving market.

So far, many coins have arrived but only few could establish a good project. Remember 4 years ago, maybe people still remember EOS, it was praised as a good project but it never gained traction because it was a centralized project depending on dPoS (delegated PoS). And so are many new projects today, doomed to fail because of a lack of decentralization because of greedy devs or just because it's an inflationary shitcoin. Some coins have very little legitimacy to exist and still people are falling for it because of hype.
Some coins are doing a good marketing to cover up a very bad product. It's important to know how some projects are doing a fraudulent marketing to deceive inexperienced people.

For projects build on top of coins, it's very similar. Only very few were delievering a good project and 99% are meaningless very quicky. For each Uniswap, we can be sure are 99 failed swap platforms.

A very safe bet it to alocate a high percentage of risk calculating by only HODLing BTC and some ETH but be very careful for smaller coins / tokens.
Smaller coins / tokens have a very high possibility to fail.

[Rruchi man]

Of course, a good, hardworking team is not a guarantee for a good project.

Very correct, that a project fails is not an indication of a bad team, just as a project with a good team is not also an indication of a good project that will not fail.

Many factors directly/indirectly affect the the success of a project, some which i can identify right now apart from a good team are;

- Sustainability of the ideology behind the projects: Projects which are hinged to sustainable amd viable ideologies will be accepted and can be sustainable.

-Competition at the early stages: If at the time a project is launched there are no choking competition to compete with, it can gain ground and become something known before any competition surfaces.

[mk4]

A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

[FirmWars]

Its same thing I keep telling new investors, many altcoins are going to bring you huge profits but do not think that they will grow big like BTC and ETH, altcoins have more profits but when they are at a all-time high always take your profits and put the profits on ETH or BTC, many altcoins will fade away in time.

[isaac_clarke22]

~

I have been investing back then when I was still starting in crypto after my first purchase of Bitcoin. I wished I just stick to Bitcoin.
Many projects are just purely copy pasta of another existing project and that ain't going anywhere.
Don't even get me started about some meme coins, lol.

[jossiel]

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

You can see those that are established and the new to be unknown of their future.

If you want to be sure in investing with those projects then just stay with those established projects so that at least you'll have the confidence that your money is worth to be there.

As for majority of the projects out there, it's been said and the same as your title. They'll be good at the beginning but with its development, there's a proliferation of rug pull these days.

[ololajulo]

Team and community are very important for lasting project in cryptocurrency. A strong team will always give roadmaps that can attract new investors and traders, also news sold are good for coin. Coin in top exchanges are likely to survive and thrive in more cycle. The larger and active the team, the more attractive to influencers and likely to sustain high volume trade.

[Bitcoin_Arena]

I have seen so many such projects. In fact, I invested in some of them and took time to follow up with the progress, but in the end they just collapsed, especially during the previous bear market.

What I realized was that however hardworking the team is, if they project didn't have a great community or strong backing. It was bound to fail. Most of the projects are just useless ERC20 or BEP20 token with no real use cases or working products.

[hatshepsut93]

Look at the top projects of the past, like Filecoin, Namecoin - they were once in top 10 coins by marketcap and people genuinely believed that they will be useful. But those coins failed to reach any significant adoption and slowly faded into obscurity. Having a hard-working team is not enough if your idea is flawed at its core. And the fundamental problem of crypto is that it solves "problems" that most people don't care about, and it comes with a huge baggage of drawbacks that makes their cost-reward ratio unattractive.

[firmino10]

over the years since i first started investing in cryptocurrencies, i have seen a lot of good projects fail and it is not always due to the team.
Most of the time some ideas are just too early for the market and sometimes some projects are not just appealing to investors

[bitmover]

A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

I agree, but I think it is somehow easy. Just stick with bitcoin.


I saw a post a few months ago which called my attention and I am now quoting it. From Dec 2017 to Jan 2022, only 4 coins are positive from the top 20.
BTC and ETH are the big winners.

So yes, most projects are fated to doom.

Dec 2017 Top 20  -> Compared to right now.
(https://coinmarketcap.com/historical/20171217/)

1. BTC 1.76X
2. ETH 2.96X
3. BCash 0.14X
4. XRP 0.79X
5. LTC 0.32X
6. Cardano 1.92X
7. IOTA 0.18X
8. DASH 0.08X
9. NEM 0.13X
10. MONERO 0.40X
11. BTC Gold 0.09X
12. Stellar 0.43X
13. EOS 0.25X
14. NEO 0.24X
15. ETH Classic 0.65X
16. TRON 1.6X
17. QTUM 0.18X
18. Bitconnect Scam: Gone.
19. Populous 0.005X!!
20. OMG 0.25X

[Darker45]

I cannot give a name of a single crypto project, but during the time when doing bounty is attractive I used to hunt for good projects with good teams and good objectives. I needed to do this because I didn't want to spend more or less 3 months promoting a certain project only to get paid with worthless tokens in the end. It might simply be me who failed with my erroneous standard in finding the best project or it could be that the projects themselves failed despite their best efforts, but the point is that there are a lot of them.

[cryptoaddictchie]

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Yes there are plenty. With all my experience with bounty campaigns. I could say that most of my campaigns that Ive participated are much higher on failure than success. But I cant say Im not a good hunter cause Ive earned some on those of legit ones and Im using now as capital for tradinf and investments.

Projects that are hard cored marketed sometime end up failure if there is no demand and community support.

[pooya87]

have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails?

It depends on what you define as "hardworking". The scammers who scam a large number of people are also hardworking but that is not proper work and their project is obviously scam and is doomed to fail.
The point is that the project itself matters more than the work the team puts in. If the project offers a very useful utility then even with little work it would have a lot of potential. The reason why all the altcoins have failed to some extent in gaining any kind of adoption (getting pumped and having a big fake market cap is not adoption) is exactly this uselessness.

[GEMIN_M4]

A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

I agree, but I think it is somehow easy. Just stick with bitcoin.


I saw a post a few months ago which called my attention and I am now quoting it. From Dec 2017 to Jan 2022, only 4 coins are positive from the top 20.
BTC and ETH are the big winners.

So yes, most projects are fated to doom.

Dec 2017 Top 20  -> Compared to right now.
(https://coinmarketcap.com/historical/20171217/)

1. BTC 1.76X
2. ETH 2.96X
3. BCash 0.14X
4. XRP 0.79X
5. LTC 0.32X
6. Cardano 1.92X
7. IOTA 0.18X
8. DASH 0.08X
9. NEM 0.13X
10. MONERO 0.40X
11. BTC Gold 0.09X
12. Stellar 0.43X
13. EOS 0.25X
14. NEO 0.24X
15. ETH Classic 0.65X
16. TRON 1.6X
17. QTUM 0.18X
18. Bitconnect Scam: Gone.
19. Populous 0.005X!!
20. OMG 0.25X

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

[ABCbits]

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Hard work doesn't always equal to good work, especially when it's build on top of fragile foundation (e.g. clone another coin source code, fork existing coin network or token without any practical usage).

--snip--

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

It simply mean NEO price ratio between 2017-12-17[1] and 2022-01-24[2]. 0.24x simply means NEO price ratio between those 2 date. While it's biased, i wouldn't say it's a lie.

[1] https://coinmarketcap.com/historical/20171217/
[2] https://coinmarketcap.com/historical/20220124/

[mk4]

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

Though it's nitpicking, how is mere data a lie and not accurate? You're may not be wrong either, but you just nitpicked a different timespan to fit the narrative.

But the main point still stands. Handpicking cryptocurrencies is mostly hard, but if you can personally go in and out with good timing, then no one is stopping you.

[ultrloa]

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Not surprising to see those project fails if their created token doesn't have any strong utility to support its long term growth so even if they keep updating their platform with series of good contents but if they didn't provide any solution to convince their holders to hold or even burn their token to minimize the supply or stop the selling pressure then all will be useless and falling down is the ending of their project.

[ANSEL_2.0]

There are too many crypto projects that introduced utilities that aren't even needed thats why many projects will fail on the long term, the moment people don't find usefulness to those use cases such projects will start losing investors fast and this will affects the project's trading volume and liquidity, later exchanges they are listed on will start delisting such projects one by one, let's learn to stick with very useful crypto projects.