Topic: Enough of repetitive projects and old ideas - page 3. (Read 1710 times)
something new is sometimes not in line with expectations, as we see there are many project ideas, promising concepts, quality products but ultimately not as they expect. investors will certainly choose real projects including coins that always have good price developments.
There are too many shitcoins that are appearing and the common thing in them is they share the same repetitive idea, I think the dumbest idea that the ICO has is the flying car concept, There are cannabis ideas that never been successful and now there are medical concepts that will create a cure on the recent pandemic. But I understand them, it's hard to think of a new idea that piques the interest of the investor, and instead, they are basing on the popular coins, which they are hoping to get some investors. Not like 2017 where ICO's are unique and the coins after the ICO get a decent value.
The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.
There are many big reasons behind these projects. Not all new projects are bad, there are many projects that are actually very unique but their project cannot be successful because they do not have crypto power. So we have to find new unique projects and make them successful.
The sad thing about the repetitive projects that they are actually making the original one lose value as well. Let's say you want to create another privacy coin and you copy whatever monero has done, you will get some money and when you get money that money could have gone to monero instead, so you are taking it away from the original instead. This is why I keep saying that new coins should not be allowed.
I know there is technically no way of stopping anyone starting a new coin, but we already have above 3 thousand coins created so far and it has been only 10 years since the first one started, in another 10 years we are going to have a total of 30 thousand at least. Which is why I believe we should find a way to make it very difficult for new coins to arise and collect funding from people and not make it so simple.
I know there is technically no way of stopping anyone starting a new coin, but we already have above 3 thousand coins created so far and it has been only 10 years since the first one started, in another 10 years we are going to have a total of 30 thousand at least. Which is why I believe we should find a way to make it very difficult for new coins to arise and collect funding from people and not make it so simple.
Repetitive project is really high in blockchain this days, it seems there are no more niche in the world that projects needs to constantly repeat what is already in the market, it is good to have varieties and diversification, developers really need to dig deeper and bring something different.
I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.
yes, a good marketing startegy will make a project exist
but, a pure and new ideas will bring more attention from crypto investors to a new project my friend
I stand with your point here mate, but having some thoughts making a new or eye-catching project can be hard (well that would be worth it if they are really serious on what they are doing).
My main thought on why are they still cracking their bones just to remake old projects is due to money itself. They are on the hunt for newbie traders promising high returns with their investment. As long as they are earning from their "projects" they'll continue to work on more.
My main thought on why are they still cracking their bones just to remake old projects is due to money itself. They are on the hunt for newbie traders promising high returns with their investment. As long as they are earning from their "projects" they'll continue to work on more.
Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas
Bring in something NEW or don't bother at all
Of course, they won't give it as unique since they only want some gainings. Many projects nowadays are built-in to copy paste or plagiarized other projects. Same intentions, same whitepaper and goal. In short, scam projects. They did that because they have no idea in terms of innovating projects. They want an easy money, so for those who would not give time to research. They are the one who lose money at the end. Bring in something NEW or don't bother at all
The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.
Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas
Bring in something NEW or don't bother at all
Bring in something NEW or don't bother at all
To a very much extent, you are right. We have thousands of project who actually didn't failed out but the team decided to just slow down or stop the development because they felt like satisfied with the money they raised during tokensale and that's why most of Startup altcoins hardly see the end of the tunnel. It is okay for competition to exist in any business venture, it is part of what drive the service provision much better but it is bad when the compstitive line is weak and new set of teams keeps coming up with shitty products
I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.
yes, a good marketing startegy will make a project exist
but, a pure and new ideas will bring more attention from crypto investors to a new project my friend
Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas
Bring in something NEW or don't bother at all
You can say that again O.P, the cryptocurrency market has been flooded with a lot of crypto coins, majority of which are useless, lacking in usecase and real time uses.Bring in something NEW or don't bother at all
Most pretend to give solutions to problems that are already solved and they end up performing badly, leaving the investors with nothing.
It is high time we move from this level, get something new into the market.
Create a cryptocurrency that will solve well defined problems, let them have great usecases and watch how far the cryptocurrency industry will go.
I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.
True, there will always be a coin that will get more attention and publicity where it all leads in older one dying and if one tries to maintain their coin from being ignored it will cost a lot hence they will just let it be and take what they can get, projects that will continuously create a publicity can be successful however it will cost too much so most of the coins that has been irrelevant will stay that way until some news over it has been spread.
I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.
Because most altcoins old or new are worthless shitcoins made to make a few greedy people invest and the developers of the coin cash it out and start again.
This is what makes them hide their identities otherwise you'd see that the same teams are involved in numerous projects.
Now there are many projects whose ideas are not so new. But they create extra hype, big exchanges give them that opportunity. Behind this there is a gang involved with the big exchanges. Because these projects are managed by some of the biggest crypto market people and exchanges.
The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.
The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.
I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.
Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas
Bring in something NEW or don't bother at all
Bring in something NEW or don't bother at all
But on a more serious note, do we actually think it will end? Am not justifying it, but however looking at the nature of things, you will agree that most people don't care once they see IEO on top exchanges they will run to invest then sell off immediately to earn more, so to some people once it affords them the opportunity to increase their holdings in BTC etc, they will invest. You see, once a project comes out, whether copied idea, copied whitepaper, repetitive project and/or old idea, and it is filled with hype, people will throw caution to the wind and rush in just to get a glimpse of their own gains, most times it might works and in many cases it doesn't, at least we have seen several cases like that. So in essence, I'm against repetitive projects just like you, but yet ending them might be difficult hence let's find it more appropriate going for those projects whose team aren't after immediate gains but long term growth.
now there are so many projects that have the same ideas as others, just a different name, and most of these projects only last a short time and they will continue to repeat it, now many people crave a new idea but need a process to make it happen.
Scamer will always be there, we just need to avoid it, some new projects do come out with the same concept but sometimes they succeed and surpass the previous project which is why people don't bother to make new developments aside from being difficult to make they also think it is easier to make existing ones.
Using same ideas but enhancing or providing new features and upgrades, those new projects gotten away and received supports from investors who did not bothered to make a much better research and just invest with such projects.Scammers are also updated with how the sentiments coming from investors minds, they are good in tracking trending concepts and duplicate old projects with some twist and let the investors thinks that it will work that way.
Scamer will always be there, we just need to avoid it, some new projects do come out with the same concept but sometimes they succeed and surpass the previous project which is why people don't bother to make new developments aside from being difficult to make they also think it is easier to make existing ones.
Jump to: