Some projects are fated to doom?

[aprilnot]

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.

there is, and it's not a little. there are many projects that have experienced teams who continue to actively develop their projects, but they are not popular and are forgotten. this may be a fact that hype plays a very big role in determining the success of this project. the most famous of which is EOS. this project used to be one of the coins at the top of the list, but now they are way down. even though their team is still working, they never return to where they used to be, as if this project was forgotten only their loyal holders are still holding on today.

[yazher]

That's just how it is because they cannot become successful silmutaneously and some project need to take the loss because the other projects are working well and convenience. Unless they will not give up and continue to make it right until they become like samsung company in the crypto industry where it overtake everyone in the phone industry.

[Jackl87]

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.

Sadly this probably happens to a lot of "good" projects that are really trying to achieve something or that are trying to create a crypto project with a real use case that offers their customers and users a nice experience and so on. In some cases a good project idea and a passionate team that really wants to deliver is still not enough though which is sad. Especially when at the same time absolute shit-tokens like Shiba Inu or BabyDoge are in the focus of a lot of people and have trading volumes of several million each and every day.
Maybe the project Energi is also one of those that sadly never really managed to lift off completely. It's price was at over 3 $ a year ago but since then it's falling slowly but surely.

[S3300]

All this crypto craze can go on for a very long period, into the future is say but in the end only very few will be needed to exist, every others will either be shutdown due to people not wanting them anymore or die on their own for other reasons, to me few coins will survive, not just Bitcoin and Ethereum.

[bitmover]

--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/

This is the raw data.

0.24x means it lost 75% of its value.

Price NEO in Dec 2017 = 68 USD https://coinmarketcap.com/historical/20171217/
Price at Jan 22 = 18 USD https://coinmarketcap.com/historical/20220124/

[Cryptomiles1]

It is very hard to understand that a success of a project doesn't determined by the project team or hard working, if there is not finance to further developed the project could also lead to failure of the project and secondly if there's no usecase the project can termed to be useless and worthless without any developments. OP already said alot so read above

[youdacapt]

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 to disappoint you but the word 'fate' is not applicable to crypto currency (my believes). Cryptocurrency, defi and the blockchain 100% rewards hardwork and competence; so if there are any crypto currency projects that fail, whatever the reasons or excuse for failure, the project lacked the neccessary skill, hardwork or competence

[LogitechMouse]

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 many projects already. I don't want to say some projects but I know myself that there are many.
There have been projects in the past who conducted a token sale and became successful yet, the project still fails.
There have been projects who have good development team and yet, the project still failed.

There is one reason why this happens and it is the community.
Might not be the main reason but for me, the community behind a project is very important for the success of it. You might have the best project but if you have no investors to invest into your project and support it then it will be useless. Its my first time to see the word "fate" being used in crypto though.

[Smitty Werben Man Jensen]

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.

a lot of good projects and sad endings, even now the coin is still on several exchanges, that project is NXT,
NXT is one of the old crypto projects that is currently in a slump, even their development is also dead, no exact information,
the price of NXT too experienced a severe dump and really sad

[fvb]

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.

There are many such projects and there will be new ones. Everything happens depending on the usefulness of the developed platform in the cryptocurrency world. There were different cases. For example, the project is already building something that was before it. And then it shoots again. Everything depends on different factors.

[Flexystar]

That’s definitely not new in the crypto. Since the inception, many projects are working hard but unfortunately they change the minds in between. I could only think of reasons like money greed, internal team issues, not enough publicity. However, I believe it’s the first reason which makes them go crazy about it. I’m stun with many projects such as spacebits, gems, xfc, towerbee, are some of the projects who raised huge sum of money initially and they got published a lot. However, soon after its breakdown investors started pulling out their money and projects ended up in junk yard.

[JeffBrad12]

You will find a lot of that kind of projects at the top 500 CMC or even more. I will not easily to call them as failed projects but yeah i will try to take crypterium as an example. The team was deliver its product since a few years ago but it's only getting hyped right now after the coinbase listing and so the product is not the main thing used by the traders to bet. The main thing must be the hype around the project. Hype is the most important thing to make the token became successful.
Don't you know the story of shiba inu? Yeah this token has no product nor utility when it was getting launched but it can enter into the top 50

[FairUser]

Here it is https://twitter.com/CypheriumChain
It's not a complete failure, it's just that the expectations of investors like me for it are really bad.
However, looking at it as a whole, I find that most projects fail in this space because of a number of issues, such as meaningless products not being applicable, as well as just following silly trends to get the job done and attract investors to make money.

[JoyMarsha]

The lack of funds has made so many projects fail to succeed. What makes a good project tend to succeed is when it has the necessary funds from investors to actualize its plans. When there are no such funds to keep pushing, a promising project can turn out to fail

[X-ray]

The lack of funds has made so many projects fail to succeed.

Those projects were getting more than enough funds to develop the platforms or even doing various marketing and exchange listing. The team was not using the fund wisely. It doesn't make sense if you are saying that they are lack of funds. Some dead projects have been managed to raise multi millions USD like decent foundation which is a scam project right now.

What makes a good project tend to succeed is when it has the necessary funds from investors to actualize its plans. When there are no such funds to keep pushing, a promising project can turn out to fail

That's actually wrong but it came from the competence from the team.

[mumang siat]

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.

The team really determines the course of the project going forward, because this greatly affects the project they are holding, in many cases I have seen they have a pretty good team, but in the end the project also failed, I don't think it is necessary to directly mention which team and which manager, because for bounty hunters almost generally know this, sometimes good teams fail projects and there are also good projects, but fail to be managed properly by the team

[wxa7115]

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.

I have not followed the market of new altcoins too closely as of late but I do not see why something like this cannot happen, after all it is known that effort not always results in added value.

So even if the developers of a coin had all the good intentions of the world and were very hardworking, if they did not knew what they were doing then the project will naturally end up in failure, as it is the case for the vast majority of the coins that are released in this market.

[capedbaldy]

Those projects were getting more than enough funds to develop the platforms or even doing various marketing and exchange listing. The team was not using the fund wisely. It doesn't make sense if you are saying that they are lack of funds. Some dead projects have been managed to raise multi millions USD like decent foundation which is a scam project right now.

Some projects after getting recommended for inclusion in the top list of newcomer projects, so they get some of the funds from the sale but honestly don't really use all the funds for marketing and listing various exchanges, because the use of funds is not wise and it seems to use investors funds for purposes other than project development, in the end the project failed because it stopped making efforts to realize the roadmap target.

[zonefloor]

Although the projects are working, it is the masses that make it important here. Because every day or within a period of 1 year, dozens of projects come into operation. Among these projects, there are many projects that are really hardworking and waiting to do business. But people often don't care about the technology or the hard work of the team. He's only interested in how much money I can make in the current situation and how much money this project can make me. In my opinion they are right. Because there are so many fraudulent projects in the current crypto money industry that people are tired of being defrauded. As a result, many projects that really deserve a chance are disappearing. Therefore, some of the projects are doomed to extinction.

[Desscount]

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.

Many old projects did not fail, many even reached the new all time high, this is to be honest I only know of 1 old altcoin project that really failed,
even though in the past this project was very liked by investors, yes it was DOVU, now DOVU is only at rank 720 according to coinmarketcap,
even though in the past DOVU was in the top 100 to top 200, and became a potential project in 2017, DOVU in 2017 had pumped to $ 1,
and now the price is below $ 0.1, very terrible