Some projects are fated to doom?

[Finestream]

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.

Definitely a lot of cases. In fact, most of the newly launched projects are fated to doom even if they started with high potentials to succeed. There are no assurance in crypto, even the best of the best projects will still end up in failure once the project were unable to meet their goal. Some just got lucky that they have succeeded, but i think all the projects have struggled just to get where they are now.

[7788bitcoin]

There is a lot of things that needs to be aligned correctly for a project to be successful, i have seen exchange projects which had the potential but they failed to exploded considering the initial hype they had because the team lacked the experience in whom to trust when it comes to liquidity providers and other aspect of the space and hence they are lacking in over all aspects, the team is enthusiastic and the idea is novel but if you are not doing the proper homework before launching the project, it is bound to doom.

[jahepahit]

there are very many of them to be honest, the issue is that people usually think having things explained in whitepaper means i will be successful which is not true no matter how hardworking a team is. i can categorically say that some determined team fail because of the kind of project they did as its complex and unrealistic so at some point they had to abandon it. the way and means by which a project idea can be realised  is more important if a project will last.

[SirLancelot]

Yeah there are several that I know, good hard teams and even investors are happy to get profits according to what has been agreed before, but the product currently has no interest and has even become worthless also has been removed by the market. Their project usually comes at the wrong time and inappropriate marketing.

So, what do you believe could have led to the failure of this project? Sometimes there are some projects that are not really genuine, and are being run by scammers. But, at the start they would all pretend to be legit, and they would use this method to attract investors to invest in their project.

As time goes on and the level of investment on their project starts to grow heavily, they will then shut down and make away with the investors money. So, sometimes not all the projects which we think are legit and good are really what we think they are , some of them are not genuine and are just fake projects that are being run by scammers.

[Ketesnuko]

There are too many reasons why a project can fail but all in all its always about the projects team, how experienced they are and how serious they are with the project because believe me challenges will come, both the ones they are ready for and the ones they aren't ready for, giving up is why projects end up in the trash.

[mumang siat]

There are too many reasons why a project can fail but all in all its always about the projects team, how experienced they are and how serious they are with the project because believe me challenges will come, both the ones they are ready for and the ones they aren't ready for, giving up is why projects end up in the trash.

Not all projects fail because of the team, what we have to understand is that the team is only part of the media that runs the project, while development and investors are sometimes outside the team that holds the project, so this is not where the most basic error lies, more specifically, investors are the most influential here, if they stop the project, then the team can't do anything

[wxa7115]

So, what do you believe could have led to the failure of this project? Sometimes there are some projects that are not really genuine, and are being run by scammers. But, at the start they would all pretend to be legit, and they would use this method to attract investors to invest in their project.

As time goes on and the level of investment on their project starts to grow heavily, they will then shut down and make away with the investors money. So, sometimes not all the projects which we think are legit and good are really what we think they are , some of them are not genuine and are just fake projects that are being run by scammers.

Taking into account the huge number of scams we have seen in the past I will argue that this is in fact the most common scenario, scammers have learned to disguise their intentions very well and as such many of the projects that may seem to be legitimate are in fact just an elaborated scam.

This is why the attitude against new coins keeps getting worse and worse, as there is a limited amount of times a person can be scammed before they begin to think that all of those coins are scams and they are not worth to invest in them.

[BitKongy]

We are here to make profits, double our investments, where that is coming from is up to us, I have make money from altcoins and I have make more money from meme coins and shitcoins, I don't have to hold them for so long until the crash, the mission is make profits and exit.

[fullhdpixel]

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.

Indeed there has been a lot of projects in the cryptocurrency market which people believed would be successful but they ended up failing. We can’t really tell what could have led to the failure of all these projects, because we are not part of the team we are just some outsiders who are picking up interest in the projects and investing in the ones we believe in.

For a project to fail, it is possible that one thing or the other must have triggered what led to the failure. One thing which is likely to lead to a failure of a cryptocurrency project is inadequate resources. So most of the time, the team can be hard working but due to lack of the resources that they need to keep the project going, they might end up giving up on it which leads to a failure.

[Japinat]

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.

Well, it's always hard to invest in crypto due to the fact that all the possible outcomes are still uncertain. You cannot be sure of a certain project even if its started with a very high potential and the community is very strong. This makes most of them still end in failure, not because they don't have long term vision, but because they end up with useless tokens that makes no use in the community.

[wxa7115]

We are here to make profits, double our investments, where that is coming from is up to us, I have make money from altcoins and I have make more money from meme coins and shitcoins, I don't have to hold them for so long until the crash, the mission is make profits and exit.

That is true, but the issue with that is that now you are taking a huge risk and you depend on making the right choice at the right time when you are under extreme pressure, and while this is possible to do if you are in fact a good trader this is way more difficult if you are just a newbie trader or someone that lets his emotions to take control of him.

So with this in mind the strategy that you are proposing should only be used by traders that have accumulated success over the years and have the experience necessary to remain calm under very adverse circumstances.

[nakamura12]

Some coins are indeed fated to doom. That's because those coins can only survive for a short time and it's demand is not much needed or there are coins with the same purpose are already up and running so, the coin founder will be force to shut down or abandon the coins if it doesn't have much coins in circulation. It's about supply and demand plus it's uses are also needed. If a token or coins are useless then the supply will decrease and many people will start selling their coins and never buy again while some people lose their investment.

[Mpamaegbu]

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.

Everything said in your post is correct. The competition aspect has run many projects amok in addition to bears. Projects normally avoid releasing their tokens during bear season because it doesn't do them any good, whether the project is good or not. Most investors freak out whenever price dumps and lose investment appetite during such. Expectedly, these aren't people you would tell about new projects and they show any sign of willingness to invest in such.

[TastyChillySauce00]

These kind of project were lack with the hype. The normal thing must be a project with a good product will always get a huge hype unlike the project that develop the product but this product was not solid. This makes people will be also tried to say that if some projects have become pretty much the same like the zombie project as the developers keep wasting the resources without any return from the product that already launched.
The fact when we are seeing the reality if mostly of crypto said still in the development progress but they didn't aware if their product were not viable again in the current trend.

[Viscore]

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.

Regardless of how good the project is or not, all projects are fated to doom. Lucky for some of the project's developers that they manage to overcome it, by winning a strong community that totally supports the project all the way. However, its always seen happening in the market that no matter how high the potential the project has, how its gaining positive huge impact from the community in the start, but in the end the project still fails and cause huge loss on part of its investors who trusted it.

[sulendra12]

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 always up and downs when it comes to developing a project and if the project is really stagnant without any big impact to the market and the world then yea it's going to have the same fate as the other projects where it is similar just the other projects without any unique impact to the community, that's what most of the projects lack of, they only do similar stuff like other projects without any real use-case at all.

[Issa56]

I know of a project which I won't really want to mention the project name here, the team where very hard Working which I was very impressed and I also participated in their presale but at the end the team fucked up and the project died. The team are not having experience that's the main reason why the coin died, after their presale they team ended up listing the coin on an exchange with poor reputation and the exchange is not even having volume which I won't disclose the exchange name, after listing the coin on the exchange then people dumped the coin and now the coin is dead

[albon]

For me, I invested in a project a year ago and it was fated to doom and fail, and this is due to the lack of experience of the project team or the lack of capital they have, as they cannot list the project token in the popular exchanges or develop the project and or the project lacks interested investors, or that the idea of the project is not innovative and not very related to the Blockchain. These are some of the big reasons that lead to a project to doom and failure.

[magneto]

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.

Oh yeah, of course.

The best example that I can think of is probably Steem - they had an awesome team, a very experienced leader, but at the end of the day because of certain events that were outside of their control the entire ecosystem was completely dead.

Being successful in the cryptosphere does not just depend on hard work, or quality of ideas. It also very much depends on luck, which not all teams have.

[Jaered]

Of course I have come across some of them. The one that struck out most was MPCX. Those individuals were hardworking(I think) but somehow it just didn't pan out. They even paid us our bounty with expensive Ethereum gas