Crypto success takes time - page 21.

Teraboy

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Quote from: someone703 on April 28, 2020, 12:52:02 AM

I know we should give projects some time to develop. Developing a project is not really easy, but in the current market there are many bullshit projects. They have existed for 1-2 years but still do not have any MVP. Obviously they are just scam projects and exit scam after completing the ICO or IEO

There must be an exact date about when the project will release the product. Mostly of projects were delaying their product and it makes a lot of investors feel disappointed.
A few months are enough to develop a product and it should not be more than that. You're right about to give at least the more times but no more than a year without even a product.

minairia3

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Quote from: JHORN on April 28, 2020, 12:38:13 AM

For how long actually? This is the longest bear market in crypto history, I haven't seen anything like it in crypto past history,I'm just hoping that the comeback of bulls will be better than past histories of bullrun

Your over reacting as you mentioned the longest bear market. Yes that's true, not all project is very fortunate to have funds to continue their development hence some resort to generate funds through ICO/IEO. The problem here are the developers that working actually on the product or platform. If they are real and really working on it behind the scene. Many ICO projects before has become scam and just exited together with the money of the investors. I know this sound negative, but dont ever invest for new project for a long a run, just use IEO and earn the profits and all in on major project only such as btc, eth avoid all new ones cause chance of being a shitcoin is above 90%.

betty11

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The only project that should be given time for price growth are the ones in active development and offering real time usage and contribution to the ecosystem and not the one that HYIP their project and rely on celebrities to pump their coin in the market.

someone703

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I know we should give projects some time to develop. Developing a project is not really easy, but in the current market there are many bullshit projects. They have existed for 1-2 years but still do not have any MVP. Obviously they are just scam projects and exit scam after completing the ICO or IEO

JHORN

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For how long actually? This is the longest bear market in crypto history, I haven't seen anything like it in crypto past history,I'm just hoping that the comeback of bulls will be better than past histories of bullrun

inanilujimi

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the success of a project is not just about time but how the team and dev advance the project, because projects that are too long will continue to lag behind competitors.
keep in mind so many altcoins today if you can't show the existence in the market it's hard to get the attention of investors.

pixie85

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I wouldn't generalize. There's always a lot of people who believe in projects. If they wouldn't you wouldn't see so many Bitcoin whales and young millionaires.

People always can be divided into 2 groups. The first one is the small group of believers and investors. Those people are the ones to tell stories about how they made their first million or about how they lost it by being hacked or gambling it away. Whatever happens they are those interesting types.

The second group is the majority of non-believers who are always negative and never make money which makes them even more angry and negatrive. Don't worry about them. Most people in the world are poor. That's a fact!

ahyadinnn

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Quote from: ?? on ??

just make sure to invest on a legit project and not on new coins that just pop up like mushroom saying the price will be like bitcoin, making investment on top 10 coins will make you eliminate losses, but sometimes we can't predict it, at the same time its like gambling, some will win and some will not, because everyone knows crypto currency is so volatile.

at least if the investment in the top 10 coins will reduce the losses incurred later, rather than investing in new coins because new coins are always changing fast and difficult to predict and the price of new coins does not last long if their projects do not develop and are not in accordance with the road map

JeffBrad12

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Quote from: KaratX on April 27, 2020, 12:01:01 PM

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

It's not true. Some investments didn't even need years to reach success. Binance is one of the projects that was doing a very good performance and it has become a major crypto in less than 7 months. There are some reasons why the value of crypto was getting dropped and one of these reasons is the project will be successful in a short time if that was created by a good team.
The community is also playing a big role in this case.

It's not about the project takes years to be a successful project but there were a lot of fundamental things that also affected the success of the project.

Rengga Jati

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You are right, every project has their own road-map that will become the guidance of their work progress.
However here, the problem is how about the projects that have uncertain schedule of listing the coin? How long should it take?
In my personal opinion, crypto project needs the time to becomes successful. However, how long? How is the progress? It should have their schedule and they must have progress on their projects. Informing their communities about the progress of the token or coin is also a must.

gundala

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Quote from: KaratX on April 27, 2020, 12:01:01 PM

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Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

This is the importance of us doing an in-depth analysis of the projects that we will support or join to invest. Every project must have a roadmap, every stage of development has been well planned, a quality project will definitely provide updates related to its development. Then we have to understand that so we can get the right timing, not rush and give up. Remember, patience is not easy. Moreover, the crypto world is very full of predictable things.

btc_angela

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Quote from: KaratX on April 27, 2020, 12:01:01 PM

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Those projects you mentioned was like I will call the 'trend setter' coin. So definitely up to know they have enjoyed the support of investors.

Quote from: KaratX on April 27, 2020, 12:01:01 PM

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

Problem is some of the projects in the 2018-2020 era was just pure p&d. And in most cases, they are just a copy cat of previous projects that became successful that's why they have a hard time and some didn't have use case at all.

mahilchii

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Definitely, crypto is a long-term asset and it will benefit only for those who have patience. You cannot expect a quick return in crypto after investment, sometimes it will falter and again it will bounce back.

Hundreds of coins fail but only the successful project will be listed in the chart list, but remember it's very very risky you need to invest in a right coin to expect some good profit.

patz22

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OP, I guess we can say that if you are someone who is so rich that you can wait for your investment to grow or even not, but you have to have that mindset of a millionaire for you to wait patiently until the project will deliver, I would agree for some projects like what you have stated but if you are going to compare the devs from the old projects to the new ones, I believe that the old ones are better even though the new one got a lot of improvements when it comes to ideas and innovation in cryptospace.

ballerin and giroud

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This is why you have to set your profit target and set the lose that we can afford to accept. Crypto investment is high risk and high return especially in altcoin because almost all altcoin prices will be pumped when they just listed on the exchange and it will takes a few before the price will be dumped again. You can choose these situation as your chance to gain profit. Unless you choose bitcoin as your investment place then it will have a little chance for you to lose a lot of money.

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Quote from: FLHippy on April 27, 2020, 04:02:08 PM

But how much time we still need? We are in the longest bear market in the history and thanks to coronavirus situation it doesn´t seem that only crypto will grow and other markets will fall.

No matter how long, you will see the crypto market will rise again. You can see a good sample from bitcoin. Bitcoin needs 10 years to reach $20k, although the price is back to the lower price, the adoption process still continues, so the crypto market has a chance to grow more than now. The Coronavirus itself will not stay with us forever, it will end soon without we realize, and we will see the world will be back to normal although there will be different than before.

If we can be more patient with crypto, then let's just wait for the perfect time when will crypto market price skyrocket again. Success comes to those who never get tired of waiting even if it means the rest are already quitting. We have seen how crypto market struggle from its bullish season down to its bearish season, and then it will surge again back to its bullish time. Let's just learn to ride with the crypto market volatility.

Youghoor

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The bitter truth that many investors don't seem to get even up till now! No matter the use case of the project it needs to grow, gain some adoption with its working products and once the use of it increases those who bought in early start seeing profits by holding their coins all this while. Some projects also have burning process as they form partnership and release some parts of their products and once this happens, it brings about an increase in the price of the coin.

cytpoway121

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Quote from: KaratX on April 27, 2020, 12:01:01 PM

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

The start of crypto currency 10 years back can indeed compel patience. But after 10 years of dominance seeking more time before success is just an excuse.

Digitex has taken 2 years to launch their futures exchange.
Iagon platform also after 2 years are yet to launch their cloud mainnet.

Time i s just an excuses, a good team will go ahead to launch even if it means struggle for a while, you can cite hubrisone, tokowallet as a use case

FLHippy

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But how much time we still need? We are in the longest bear market in the history and thanks to coronavirus situation it doesn´t seem that only crypto will grow and other markets will fall.

Shallow

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Quote from: KaratX on April 27, 2020, 12:01:01 PM

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

First, it is not that people don't want to give projects time to grow but just that, they are trying to protect their investments or funds, the question is how? Many projects that are dying slowly or already dead all started fine but the team lost it along the way. Many projects, once IEO ends or once they get listed starts struggling to maintain a reasonable price, and the fault is from the team because they aren't doing anything to see the project through, and the list continues. All these issues starts with the team, hence no one wants to fall victim of holding a useless coin.
Then secondly, your last line or paragraph is what most people are doing now, they hardly trust any new projects, even if they should, most of the times it will be for short term; therefore they go for already existing projects for long term.

Topic: Crypto success takes time - page 21. (Read 3581 times)