Topic: Has Bitcointalk lost it's appeal for projects to announce themselves on? (Read 405 times)

I don't think any project is actually willing to spend money for advertising altcoin projects, so they went with bounties and paying in their own tokens which means the advertisers will get nothing if the project doesn't succeed and after 2018 there is a better realization from investors to pick projects so they are not going to invest any money on a random project.

Also, projects choose other paths like exchange launchpads, using the reputation of big exchange names to raise funds and even it faded away years ago so the altcoin project will not create any attention unless it's influenced by a celebrity.

You have said truth. I was part of campaign called Jarvis (JRT), they rewarded well to the hunters but in telegram channel they remarked that their bounty on bitcointalk was such a waste.


I don't think scrutiny is reason, I'm more drifting towards what Yahoo said above.

I like your optimism but I'm not so sure about that... Its been 14 years and we can still hardly even get people to accept cryptocurrency as payment for goods & services -- and I'm talking about goods & services outside of the crypto industry. Online merchant penetration has hardly budged in a decade. There's a reason why blockchain tech is often referred to as "a solution in search of a problem."

Outside of being a borderless currency, the best use case I've seen for it thus far is digital transmutation of physical items, meaning its a way to prove that somebody owns a digital item that can't be forged/duplicated/altered. This applies mainly to collectibles and the gaming industry but there are many other areas where this could be useful.

They probably think there's not enough positives for launching their projects here because of the scrutiny that others have mentioned and the potential negative trust feedback if they get exposed. They cannot control the narrative here even if they open a self-moderated ANN. It's better for them if they could simply block users without immediate repercussions on other platforms like X.

So untrue!   So SO untrue!   

Crypto coins have had every service examined, but the future of blockchain is just starting!   

I honestly don't think many altcoin projects from 2017 til now have really made much from announcing their project/token/ICO here. The bounty hunters do the work, but not efficiently. Hundreds of accounts with bots as followers that get few to no likes or comments, meaning they're reaching noone. Just a waste of money really even if it is just a token. If the project plans on listing or already is listed, the value is still there.

The value is in the people advertising the project, if they use only cheap methods to cheat a project then word of mouth gets around and shows other project to not waste their time. If you want projects to keep coming here, you need to show them you are valuable.

I think loads of projects these days are now moving over to the current version of marketing. ANN Threads in here can be said to serve as a marketing mediums but the impact is no longer felt. The impact of having ANN Threads in here does not help with fund raising nor awareness anymore, hence, the decline.

Another factor is that bitcointalk is not actively involved in the new niches and advertisements that happens on twitter, I can say load of people have no idea about bitcointalk as a platform.

Bounty has also reduced or considered non-effective/efficient to the new projects.

All these contributed to the decline of ANN Thread in the forum.

The problem with this is that Bitcointalk isn't focused on altcoins too much and the people that are visiting the forum isn't really here for the altcoins, I don't think that the forum is going to be popping up when you search for any altcoins unless you type in a specific topic title in the search engine so that's probably the reason why you think that there's not a lot of altcoin projects that are pouring into the forum, it's a good thing in my opinion because most of these projects are a disaster waiting to happen anyway so in a way these projects not getting into the forum for promotion is a good thing because they would get less people to get in their projects or even investors.

I think different altcoin die out every years, but like I said years back and also from my research I can still see that some coins from 2017 are still standing talk but tho not as when it was first launched but that one is one characteristic of alt coins, they don't actually remain as it was from the first and second year it was created unless luckily it also gets pumped after two year and then dumped finally that it might never rise again.

There are alot of great new altcoin projects actually, it's just that they don't start their journey through this forum anymore, like it used to be in 2016 when I joined this forum, even down to 2018 and 19 I think.

Average users on this forum no longer gives a damn about altcoin projects, most aren't even willing to promote it, the average users are now focus on bitcoin paying promotions due to the several disappointing experiences they've encountered promoting altcoin project, I myself shifted from promoting altcoin paying project to promoting only projects paying in bitcoin because several a times, Ive promoted altcoin paying projects and at the end of the day, I got nothing out of it.

I agree that Bitcointalk is still the best place to advertise anything and everything about Cryptocurrency but we hardly see new projects that have huge potential in the market, and why would they not advertise here in Bitcointalk, it's free to advertise here, we have a ready army of promoters which is the bounty hunters and they can maximize their advertising for free using their tokens or coins.

It's just that new projects can not compete with the whales in the industry, what we are seeing now are memes, trending coins, and pump and pump coins and the investors are losing a lot of money because of so many scam projects.
The glory days of altcoin-related projects seem to be over after 2019 we hardly see any good projects now.

It's not the forum that lost its charm, but rather, altcoins lost their place here on the forum, so in other words, it's the altcoins that lost their charm on this forum.

Back in the days of Ethereum and every other successful altcoins project that began their journey on this forum, alot of forum users (most especially important forum users) trusted in altcoin projects, and supported it.

But unfortunately, as time went, alot of this altcoins turned to either be an outright scam, or they rug their investors in the middle of the project, some of the come on this forum, get promoted by forum users through signature campaign, Twitter, medium and other social vices, but at the end of it, they will not pay the forum users who spent their time and data, promoting, all this contributed to why so many users of this forum lost interest in altcoins, and don't even bother discussing about them here, almost every established forum member today gives their attention to bitcoin alone, and also do not forget that service providers in the service board do not allow, or rather, count their signature participants posts in the altcoin board as a payable posts, this also have discouraged alot of established forum member from giving the altcoin board any attention.

Hence, altlcoins have lost their charm on this forum, not the other way round.

Advertisements on the forum have become limited to services that cannot provide these ads directly on Twitter, Reddit, Telegram, YouTube. Therefore, we do not see many token ads. We see ads for mixers, gambling services, and investments that do not include a high return or deceive investors. Another reason may be that User awareness here. The degree of awareness here is much higher than on Twitter, and it is difficult to deceive someone with the ease of making a quick profit compared to the ease of doing on Telegram.

Years ago, how many years ago?

I see the same, years ago, many altcoins died and last two or three years, many altcoins died too.

It is a common style to amplify and advertise their projects to investors like an innovative project that will be a Bitcoin killer, Ethereum killer, a game-changer in blockchain industry. Their project did not change any of those things but unfortunately changed life of many people, made them poorer or bankrupted.

• How many cryptocurrencies failed?
• Charting the Number of Failed Crypto Coins, by Year (2013-2022)

Do they have to show their faces off if they make announcement threads for their projects in Bitcointalk?

They even don't feel shameful to show their faces to convince investors.

It appears that everything that can be done using the blockchain under the sun has already been done, or attempted, or at least had fundraisers for it.

While 99% of all cryptocurrencies & tokens that have ever been launched eventually end up trending to zero, part of me does wonder if someday we'll have a second Ethereum-type coin... Something that will knock Tether out of 3rd place in the market cap rankings. If we do, would they have an announcement here in 2023 or 2024? I dunno, hard to say.

Bitcointalk was certainly more of a focal point for all things crypto-related back in 2014 -- now discussion of new projects takes place on Twitter, Reddit, Telegram, YouTube, and Facebook/Instagram to a smaller degree. For my projects (I'm not trying to be the next Ethereum or anything), discussion in threads is very minimal.. Its kind of discouraging and I prefer to advertise elsewhere.

Some years back, there were a good number of projects with a good intention to build their project to become very successful, but it seems this time around, the space is polluted with more scam projects that are only after the benefits they will archive from the project; they don't care about the interest of the investor, and because these projects know they don't have a clear intention and they have some secrets they don't want the public to find out about, they know fully well that if they create an announcement thread on the forum, they might be entertaining some questions from some reputable members, and that is what they are avoiding.

It's mostly segmentation at work and the target audience of several among the new projects, the forum retains its appeal mainly to announce crypto (specially BTC) related products, services and 'true,' altcoins with their own blockchain, some token or nft projects with a particular or less exploited features and goals also find it attractive

It's far less appealing for generic tokens and "buy my nft because it's a nft" type projects and outright hostile to CEX and custodial wallet projects, but here is where the target audience plays its role, these projects aim mostly at users who are new in crypto and no very experienced, yet.

 

Announcing a project on a twitter account with 30k followers will do a better job than announcing it in the altcoins section. Before now, when Ethereum made their Ann thread here, the social media was not very powerful as compared to what it is today
Here is becoming obsolete and not attractive to this generation internet users. A YouTube influencer will reach a larger number of people and persuade them to buy shitcoins, this cannot be obtainable in the bitcointalk forum.
Time is a factor, the horizon has shifted.

Dieses Forum is filled with so many armys, which have different skills, and most of them have dedicated their time to keep the crypto industry clean in the little way that they can, which brings them to the duty of making a good research in regard to any project, which announce their intentions here on the forum. 
 
In the past, as I have read, after the reign of ICOs and other forms of project fundraising, their have been lot of projects, which the intention is just to use the Community at their own advantage, get victims, whom want to invest in their project, but now are days, just making mention of your project, which might have some scam attached to it, can destroy that entire project, as members here will have to make investigation regarding that project, then and when things fishy are found, they are not being treated nicely. 
 
Unless it's a good project with good intentions, they will not want to selfreport theirselves to the public, where their plan will be killed even before they get started.

That is something I was wondering about for quite a bit now but I find the answer of fellow user shahzadafzal


covers the main part of the reason of this happenings. Just think of how just creating a self-moderated thread triggers a wave of generalized skepticism and usually the question is inevitably found on the first page "why a self-moderated thread"?
Some platforms are better suited to user management and keeping the discussion within certain parameters ( discord, telegram, slack in the past).
We might say bitcointalk lost its appeal for scam projects maybe.

Other platforms emerged and has gained a growing audience in the cryptoworld over the years like Twitter ( still not able to call it X) Medium and many projects communicae there.