Does Name really matter in crypto? - page 2.

lienfaye

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Quote from: plr on October 05, 2020, 08:38:00 PM

Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

The name doesn't have an impact at all I have seen a lot of ridiculous and different name that has no connection to Cryptocurrency but made an impact in the market, even an initial can create an impact, it's on the project and not the name of the project, look at the project people behind them and what it can bring to the community.

They say the name has nothing to do for the succeed of the project but sometimes it can attract the investors specially if the name is something catchy.

However the success doesnt depend on the name. It has somehow an impact but its nothing to do if the project will succeed.

plr

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Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

The name doesn't have an impact at all I have seen a lot of ridiculous and different name that has no connection to Cryptocurrency but made an impact in the market, even an initial can create an impact, it's on the project and not the name of the project, look at the project people behind them and what it can bring to the community.

forexandcryptoauditor

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I think yes, it matters. Its required to know everything about the project but not only name but the name of the crypto should explain the project or idea behind it. The name of the crypto can make the project stand tall among all other similar niches.

Piston Honda

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in most cases no, in some instances yes

sadly so many dudes are just weirdos and promise the best tech and this and that...they mean well (hopefully) but all empty promises. with no money to back their talk...shit just dies.

at least with $ADK coin for aidos kuneen, their ceo lead ricardo badoer is at the forefront and easy to get in touch with. he hires any devs needed, PR/marketing and admin help for their sites and knows how to run the show. he may seem brutish but man, he know his stuff and has never once lied about stuff.

carlfebz2

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Quote from: jostorres on October 05, 2020, 02:18:19 PM

Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Sure the name do matter, not just in cryptocurrency, but in everything. If you check Coinmarketcap.com for the top cryptocurrencies you will see that their names are really good names that fits the purpose they were created for. Just look at names like Bitcoin, XRP, Ethereum (this one is brilliant), Troy, DIA and the rest of them.

You don’t see names like Bitcoin pizza, Bitcoin yam and some dumb shits being put up there, if you do that, people are not going to take you seriously. A good name will make investors know that you’re serious with what you’re doing. Have you ever seen a brand trying to come up with a name for their business? They even go as far as paying experts to come up with a name for their business. So it matters to me, if the name is not good or sounds weird to me, I am not buying it.

One of the main factors on making a business/project do succeed and i agree on the sentiment that if people found out such not so fancy name then they will normally just reject it.

This is why its really important on having a good one to caught up someones interest and you are right that there are indeed people/owner who do pay up for just having a good name into their project.
This might not really be that too much since we can create a name easily but getting that interest is the most hard part.

So in the question if name really matter in crypto? Yes, i can say because people will find out neither interesting or not and the rest will rely into the project potential itself.

bustabitsboy

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Of course, the name of the cryptocurrency matters. The title aimed at the content of the project will easily attract investors. At this time, the market presents many different projects, and developers need to find ways to promote them and give them a good name.

GatotKaca

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I think names are not very important in the crypto world What is very important is prospect of coin it ongoing development and can present big news for investors then the coin it will be high in price in all markets Many coins have a bad name but in the market have high volume and price

jostorres

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Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Sure the name do matter, not just in cryptocurrency, but in everything. If you check Coinmarketcap.com for the top cryptocurrencies you will see that their names are really good names that fits the purpose they were created for. Just look at names like Bitcoin, XRP, Ethereum (this one is brilliant), Troy, DIA and the rest of them.

You don’t see names like Bitcoin pizza, Bitcoin yam and some dumb shits being put up there, if you do that, people are not going to take you seriously. A good name will make investors know that you’re serious with what you’re doing. Have you ever seen a brand trying to come up with a name for their business? They even go as far as paying experts to come up with a name for their business. So it matters to me, if the name is not good or sounds weird to me, I am not buying it.

Lerikaweb

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Okay, I can understand what does bitcoin stand for: bit- for minimal digital information unit; coin for coin)
But there are lots of coins with unclear abbreviations used as names and it is okay as well)

KimmyF

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Quote from: chikator on August 22, 2020, 12:42:09 PM

Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Yes. Naming your coins properly to convey what your project is about would be preferred. Its as tho just with the name alone the public will have a general idea of what you are offering.

Always the project name will be as a project type of plan. Name doesn't help a project, project push to name to become a project plan. If new one projects keep the fork name of Bitcoin but scam project, then no one will support it. New projects said that they have partnerships with Ethereum rather than we don't see the name.

bitcon

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Quote from: Zeke_23 on August 22, 2020, 11:41:25 AM

Quote from: Cryptoababe on August 22, 2020, 11:08:58 AM

Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Name does not really matters.. If name really matters then, bitcoin cash should be the 2nd largest cryptocurrency. Simply because its name is related to bitcoin's Name. And Bitcoin is the largest cryptocurrency. But BCH is not even top 5 according to coinmarketcap

No, name really matters. Name is the public figure or what will be its face to be recognized in the market. About bitcoin cash, not because it has the name of bitcoin, it also mean that it will be the next largest crypto. They do have a different function, and as an individual, we know that bitcoin forks are just considered as shitcoin since they only claim the name of bitcoin and always say that they are the real bitcoin which we all know that it is just a lie.

As for me, the name matters, especially if we are talking about some new cryptocurrency. People (subconsciously) tend trusting “good sounding” things. However, this is not the rule if it does not have any exception (Dogecoin, for instance).

flagpara

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Quote from: Henrytrust on August 11, 2020, 10:52:02 AM

In my opinion, the name of a project could contribute to its optimum success, the major determinant for a project to be successful is the community and a suitable name has the tendency to caption the affection of the community which could translate into success of the project.

Project name, picture or even working process can be changed after success of projects. I don't believe one name can bring optimum success. Projects name only can attract more investors, nothing else. If project name is a really big matter to a project, then new projects will always look for a good name.

ekeh

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That is very good question, name really matter in every thing we are doing, because they is power in tongues, so giving a name to a particular Project that bear the name of the coin is really matter and it also picture the future of that project.

TopTort777

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I dont understand why this topic is not closed, moved to trash or deleted, or even have 6 pages of discussion, when we have this topic ?

Same topic name, same first post and the OP is not banned for plagiarism?

irixo10

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Quote from: Sulman326 on August 11, 2020, 06:52:05 AM

Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

I think I will say yes, that name really matters but however there are several factors to put in place by the team for the name to stand out. For example, when we hear about Bitcoin, we already know what is obtainable and the benefits that comes with investing and/or holding it. When we hear about Ethereum, smart contracts comes to mind. In the case of BNB coin, Binance exchange comes to mind and so on. Now from these few coins or projects, one thing stands out and that is, they are all solving unique problems.
So therefore I believe that name matters but the team should put in more work such that, when one hears the name of their crypto he will already know what that crypto stands for, its use case and so on. But nowadays, 90% of projects are just out for the money and nothing else.

bitcon

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The best decision to choose the name for a new cryptocurrency is to name it…loyally. As for me, one of the moments that should be considered here, is the usage of some technical term that refers exactly to this or that crypto. Name of an existing living being is also OK, until the guy is an odious personality.

lumeire

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Quote from: Chrystora123 on August 22, 2020, 01:27:16 PM

I've read a business book and it says the name (brand) has a 30% influence in contributing to the success of a product. You have to find a name that is easy to remember and has to be easy to pronounce. in cryptocurrency (name) has the same influence (30%) in boosting the success of the project. The end of the story, what influences the success of the product the most is the team that works behind it, real product (honest), a solid team, good marketing, and that product is a solution then the product is sure to be a big success..

Okay, so first you need to find a problem that enough people are suffering from and then find a reliable solution of that problem and then scale it up to international level and you have a working product that everyone wants to buy, is being an entrepreneur that simple!!??
You said pretty well that the name matters the most not only in the Cryptocurrency world, but for every business in this entire world, first thing that comes is the name of the company or the project and that should always be the one that can easily be remembered by the public and also always associate a dot com domain with it, it is a business standard.

Chrystora123

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I've read a business book and it says the name (brand) has a 30% influence in contributing to the success of a product. You have to find a name that is easy to remember and has to be easy to pronounce. in cryptocurrency (name) has the same influence (30%) in boosting the success of the project. The end of the story, what influences the success of the product the most is the team that works behind it, real product (honest), a solid team, good marketing, and that product is a solution then the product is sure to be a big success..

InwardContour

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Quote from: kensaii on August 14, 2020, 12:32:48 PM

I think it doesn't matter much as long as that is a good project with good dev behind. The name might catch some attention at the start of projects and save you time to promote it but at the end, good project is the only way to become successful.

You think name doesn't matter much? Will you trade on an exchange with an odd name "Evil exchange"? Name to an extent reflects if a project is serious or not, name also reflects the category of the project. For instance, a project with name "betprotocol" already reflects the project aim. However, no one should invest in a project just because the name is cool, name won't help a project achieve its aim. Only team hardwork and sincerity including other factors will make a project achieve its milestones.

Mpamaegbu

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From the part of the globe I come from, naming is more of a spiritual thing that physical. To some extent people will even argue that name controls the behaviour or fate of things. I believe this to be true and it's the same reason I haven't seen or heard of anyone else named Cain or Jezebel after those Bible incidents. The same way name applies to humans is the same way it applies to other things, I believe. Would anyone buy a token/coin tagged "Idiot" or "Buyanddie?

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