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Author Topic: Who's responsible for the dead coins?  (Read 635 times)
Yatsan
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May 20, 2024, 01:28:17 PM
 #81

No one really has fault of it but if there will be one to have chances of sustaaining the project in long term, that would be the team behind it of course. We have no control of majority's favor when it comes on projects but the team could improve its sectors such as being active to social media platforms, to continue updating the project, and the likes to simply make a project alive. We cannot force people to engage into a project but at least  people who started a project could do something when comes on prolonging a project's presence to this industry.
Definitely dev team is responsible for the dead coins not the investors. Dev team must keep engaging with community and make their project interesting enough for investors to invest/hold. If one doesn't feel confidence about their investment, why would he keep holding. So as soon as he looses confidence, he just exits.

Of course, the first thing to blame is those who are seen as failing to realize what was previously considered successful and promising investors high profits at all costs to invest in their platforms.

My question is, if such conditions are already bankrupt will they compensate for losses and all losses to their users. I thought, no. They will run off and shut down all information channels related to their project.




They cannot compensate their investors because all of them took the risk. It should be more of a mutual understanding; investors helping to promote the project and the developers to continue improving it to attract more people and to contribute with the project's growth.

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May 20, 2024, 02:21:44 PM
 #82

if a company goes bankrupt when its investors sell their shares en masse, is it the investors' fault? no, because investors are just trying to save their money and that is normal, the one to blame is the company management. and just like that, when a coin dies because the holders dump it on a large scale, it is not the holder's fault, but the coin developer who cannot provide the best solution for the development of the coin. because if developers can develop and manage these coins well, then they can avoid things like this from happening.

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May 20, 2024, 05:19:22 PM
 #83

So, who's responsible when the Coins dies?
The correlation between supply and demand determines the fate of cryptocurrencies. In case of dead coins, it means there is zero demand for them, as no one is interested anymore. Then you can blame the developers for launching and offering something so useless that nobody is interested on it.

In fact, many of the dead coins were solely created with the purpose of launching temporary hype, so developers sell their personal holdings for quick profit, turning their native tokens into Bitcoin, stsblecoin or any other consolidated altcoins, while majority of investors (the late ones) see their personal investments melting to zero value by holding such useless tokens.

On the other hand, you can also blame the investors for being greedy to invest in a product fully dependant on speculation to survive.

After all, you can put the responsability over anyone or consider it just a natural process of a decentralized market. The most important here is to avoid investing in such tokens at all costs.

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May 20, 2024, 08:46:06 PM
 #84

In case of dead coins, it means there is zero demand for them, as no one is interested anymore. Then you can blame the developers for launching and offering something so useless that nobody is interested on it.
And add it to what you have said, there are also some factors involved in the dead of a coin and they, the developers are not truthful and they are scammers. And once people notice that the developers are scammers then nobody will be interested to invest in that project because the fear is they will be scammed and for that nobody will have that interest to invest in the project and if anyone invest in it others will discourage him.

Then another thing that can make a project to die is the Market Cap and the value of the project. If the market cap is not good enough, people will not even look into it and the community support/the population of the project also determined the crowd of investors attracted to the project. Example, NOTcoin is one of the popular token in the cryptocurrency market.

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May 20, 2024, 08:56:21 PM
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 #85

Between developers and Investors, who's responsible for the AltCoins that goes dump or likely to be ghost coins in total disappearance even from the market cap?
Rumours goes around that it's the developers intentions while some says it's the Investors impacts that determines how much active the and stable the AltCoins could stay in the market cap.

So, who's responsible when the Coins dies?
It could be on either both.

Developers.

1. Huge coin/token allocation
2. Not active on marketing
3. Not so much progression on their project or simply didnt follow their roadmap.
4. Promises ended up on being a lie.
5. Utility and relevance is a major thing

Investors

1. Lack of interest
2. Dumping their tokens with 10-20% profits on presale.
3. Just leave out the project because there's not much when it comes to potential or basing up with its utility
4. Being affected with some FUD.


These are the risks that could really lead up into a project to become dead which demand and recognition would really be the
main points on which the survival of a certain project could have. There are really just that those moments or situations that even the shitiest no utility project or coin
do ends  on having multi million of marketcap and this is something those people were hunting on.

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May 20, 2024, 09:00:44 PM
 #86

Between developers and Investors, who's responsible for the AltCoins that goes dump or likely to be ghost coins in total disappearance even from the market cap?
In my opinion, both have their respective roles and responsibilities. Developers are responsible for their projects, whether they develop or not, that is the responsibility of the developers. And developers are also responsible for their investors, because after all, investors have entrusted and invested their money in the project. So whatever happens, it should be resolved, devs must be able to complete, make developments, and anticipate everything that happens to their project. That's if the devs are truly responsible, and ideally that's the case. However, we understand very well that in the crypto world, it doesn't always work like that. In fact, many developers are very irresponsible and scammers who only focus and think about one-sided profits for themselves without understanding and caring about their investors or the projects they choose for themselves.

And on the other hand, investors must also be responsible for themselves. In other words, they must understand exactly what they are investing in and be prepared for all the risks. By being responsible for themselves and the money they invest, they should be better and more mature in choosing projects to invest in. However, unfortunately not all investors think so because what they are looking for is sometimes temporary profits from projects that are just hype at that time. So, whatever it is, investors also have to be responsible for themselves.

Then another thing that can make a project to die is the Market Cap and the value of the project. If the market cap is not good enough, people will not even look into it and the community support/the population of the project also determined the crowd of investors attracted to the project. Example, NOTcoin is one of the popular token in the cryptocurrency market.
Exactly, And this is usually followed by various delisting of the coins or tokens from exchanges, and if there is a lot of information regarding the delisted coins or tokens, then that should be a warning for investors to be careful with their assets in these coins or tokens. And of course, this is a very important warning for developers to take the next steps so as not to delist more of their coins, and this includes the devs' efforts to increase their market cap. Because this is indeed a high consideration from investors to stick to each project. But yes, once again, sometimes we find irresponsible developers who actually run away when their market cap gets worse or their coins are delisted from exchanges.


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June 10, 2024, 09:18:19 AM
 #87

Between developers and Investors, who's responsible for the AltCoins that goes dump or likely to be ghost coins in total disappearance even from the market cap?
Rumours goes around that it's the developers intentions while some says it's the Investors impacts that determines how much active the and stable the AltCoins could stay in the market cap.

So, who's responsible when the Coins dies?

In my opinion, it is very simple that we as traders must be able to choose altcoins that are able to survive in market capitalization because if the altcoin dies then no one is responsible. Here we are only looking for profit and that is the same thing with developers and investors.So be wise in choosing altcoins as your investment.

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June 10, 2024, 09:40:00 AM
 #88

Between developers and Investors, who's responsible for the AltCoins that goes dump or likely to be ghost coins in total disappearance even from the market cap?
Rumours goes around that it's the developers intentions while some says it's the Investors impacts that determines how much active the and stable the AltCoins could stay in the market cap.

So, who's responsible when the Coins dies?

In my opinion, it is very simple that we as traders must be able to choose altcoins that are able to survive in market capitalization because if the altcoin dies then no one is responsible. Here we are only looking for profit and that is the same thing with developers and investors.So be wise in choosing altcoins as your investment.

Exactly, that's what we are suppose to do but the question is how can one know the coin that will survive in the market just by merely looking at it, it's very hard to identify an alt that will do well and sometimes even with running some analysis we still choose the wrong alt most times. so my question now is how can one identify the right alt to invest in cause there are thousands of alt out there and to an extent I think it's just like playing gamble, and in gamble we are not certain of the outcome likewise investing in some alt.

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June 10, 2024, 04:52:13 PM
 #89

if a company goes bankrupt when its investors sell their shares en masse, is it the investors' fault? no, because investors are just trying to save their money and that is normal, the one to blame is the company management. and just like that, when a coin dies because the holders dump it on a large scale, it is not the holder's fault, but the coin developer who cannot provide the best solution for the development of the coin. because if developers can develop and manage these coins well, then they can avoid things like this from happening.
The primary issue is that if you are an investor in the project, will you allow all of your money disappear along with the dead coins that you ahve invested in? Dead coin refers to a fraudulent coin manufactured by a scammer and this can also refer to the fake company created by scammer. To deceive investors, scammers would sometimes impersonate themselves and create a bogus company in order to lure the investors to provide the liquidity for their fake coins. This has been happening many times.
 
It is certainly the obligation of the developer, but keep in mind that investors also play a role in finding a legitimate investment for their money. The better for investors to have a preventative measure to invest only in the proven coins to decrease the risk being deceived by scammers..

Only invest in legitimate coins to prevent the danger of being scammed.

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Beparanf
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June 10, 2024, 05:00:40 PM
 #90

Exactly, that's what we are suppose to do but the question is how can one know the coin that will survive in the market just by merely looking at it, it's very hard to identify an alt that will do well and sometimes even with running some analysis we still choose the wrong alt most times. so my question now is how can one identify the right alt to invest in cause there are thousands of alt out there and to an extent I think it's just like playing gamble, and in gamble we are not certain of the outcome likewise investing in some alt.

It’s very hard if you will not do a thorough research but you can easily spot project that can survive even on crypto winter by determining the financial strength of the project.

It’s either through their marketing, token trading volume and the team development progress since mediocre project usually weak on this area since they don’t prioritize this factor and just focus on how they can run the project slowly until they exit scam.

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June 10, 2024, 05:10:55 PM
 #91

I think the developers are the ones most responsible for the death of the coin. and This is why we need to be careful in choosing our crypto projects to avoid losing assets and of course Before investing in a project, one must go through all aspects of investment.

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June 10, 2024, 10:55:50 PM
 #92

if a company goes bankrupt when its investors sell their shares en masse, is it the investors' fault? no, because investors are just trying to save their money and that is normal, the one to blame is the company management. and just like that, when a coin dies because the holders dump it on a large scale, it is not the holder's fault, but the coin developer who cannot provide the best solution for the development of the coin. because if developers can develop and manage these coins well, then they can avoid things like this from happening.

Of course developers can't tell investors when to sell their assets and when not to because the crypto markets are always sentimental by investors different goals but the same expectations which is to make profits. Besides MemeCoins are known for short terms holding knowing quite well that developers could take break of applying marketing strategies to keep coin hyping and once there's a such break, the coin began to loos values which most lucky Investors could sell off before it's too late which likely the coin could just die off and investors funds would go just like that.

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June 10, 2024, 11:32:58 PM
 #93

Dead coin refers to a fraudulent coin manufactured by a scammer and this can also refer to the fake company created by scammer.
Dead coins are a result of schemes most of the time but the general consensus is that dead coins are cryptocurrencies that were basically abandoned both by the development team and investors. There is just a general lack of interest from the market.
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It is certainly the obligation of the developer, but keep in mind that investors also play a role in finding a legitimate investment for their money. The better for investors to have a preventative measure to invest only in the proven coins to decrease the risk being deceived by scammers..
It is our money so it is our responsibility. We shouldn't expect anyone to coddle us and hold our hand as we navigate through the world of many cryptocurrencies.

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