Topic: How does cryptocurrency success? - page 2. (Read 313 times)
In order to be successful in crypto currency you need to have a lot of investor and user of the coins but to get these investors and user you must have something that can be used by your coin, if your coin has uses like it can be used some restaurant as a payment then a lot of people will use your coin and thats a start of a successful crypto currency.
Hi Folks,
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
It's depend on the project itself, shit project will provide shit token and the price of the token also become trash but good project with a good future will have a good price on their token. There are many crypto currencies and not all of them is success, some failed and become a trash token/coin.
It's a number of element that play a role here, i will name a couple..
Supply and Demand is one of them. People buy and sell, pump and dump and this manipulates the market or the coin itself.
Popularity is another key factor, once people start to buy in one coin and notice that it's on a rise, then others will be attracted to it. This can work the other way too, if a coin is cheap to buy, then you can commit to it since you know that it has potential to rise in value then invest in that coin long term and wait for it to pump and get profit.
The secret for success in crypto is the technology and great team behind it.
Hi Folks,
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
I think some years ago the road to success was utility and innovation. Bitcoin - the first cryptocurrency, Ethereum - Turing-complete, implementing smart-contracts, etc.
But now it is a combination of utility/innovation and good marketing. You can create something that will change the world, but it won't be noticed unless you know how to promote your creation and make people trust you and your good intentions
There are more crypto currencies now.If crypto currencies are to be succeeded, they should increase their use.Creating chances of using crypto currencies should be created.Automatic crypto currency circulation occurs when the application increases.The value increases when the use of increased circulation occurs.Increases in investments will result in an increase in earnings.
Well if you want your cryptocurrency be a successful, you must a have a team of devs who were working hard to maintain and upgrade their project all the time and also, you have advertise your project in order to make more attention from people and you gather more supporters and make you community bigger just like bitcoin and ethereum they have both a large communities that supports each other and also, get some support on large companies garner more attention in that way your coin/ project will be successful.
In my opinion, the success depends on the team, the campaign manager, investors, and those who work to advertise the cryptocurrencies such as the bounty workers
I think that cryptocurrency achieve success as a result of advertisement of cryptocurrencies by investors who believe and see the great success ahead of the launch of cryptocurrency. Cryptocurrency became a success as the project roll out and was embraced by Crypto investors.
Successful coins has products in real life,utility or services that maybe uselful for our daily life
Successful ICO has A product that can be used and applied in real life . The team is consisting of good and well experienced people that knows what their doing especially on blockchain technology. It has a good and Well explained Announcement Thread here in Bitcointalk forum, it consist a good quality and well explained the product that they are selling on their Whitepaper and it has a good Social media community and marketing. They state their Token distrubution on announcement or telegram on when and how they will send it to the people who invested on them. That's the quality of a good ICO .
It is successful because people are open minded. They are open for change and alternative ways of earning and spending money.
Some coins' innovations are the ones that help them to make it through, some coins are just duplicate of others or does not have any reasonable applications at all. The companies that manage those coins are the ones that are responsible for its success or failure. You can actually predict if a coin is going to be successful or not by researching about it, not just the price.
i think cryptocurrency can be success like recently because since the day it is created as a new way of money based on blockchain platform and using internet only, no paper money at all with many advantages than paper money or gold, it has been supported by the community more and more until today.
Successful coins has products in real life,utility or services that maybe uselful for our daily life
Good project with professional team with practical product that provides some utility and use case can be successful, most ideas will not provide much use cases for people so they can just go down in coming months.
So many coins are dead today and so many will still be dead as long as the teams behind the coin or the project are just there to play around. It takes a lot of work building a product and for a product backed coin that is going to be useful in the community, it would be hard not to see such a coin succeed and vice versa. This is why every investor should always be careful not to just pick any coin to invest.We should see most of those altcoins like companies. Most companies are thriving today, some are just there doing their thing slightly while some have gone bankrupt, and dead while leaving the stake holders with nothing but the history. That is just how the alt markets are and it should always be expected that not all coins will succeed and that is totally based on the team, a working product and how relevant the coin is.
Hi Folks,
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
Basically people wants good project and those coin who succeed are the very best example of great service and technology. Imagine who will invest in a coin with a very least service. Cryptocurrency is clearly the future and in order for them to succeed they must be competitive when it comes to developing great system.
The fact that some coins will never do well is because the team really had no vision and all they wanted was the money anyway.
Cryptocurrencies backed by the rise in their demand (i.e. use) are successful. The others are not, but some of them that still have a capability to grow due to a project's achievement and further development have a chance anyway.
In my opinion, the success depends on the team, the campaign manager, investors, and those who work to advertise the cryptocurrencies such as the bounty workers
The success of a crypto currency depends on many factors such as its growth, potential, the value of thw coin and the project, the gains etc... If a project is good then it has better chances to be successful since the investors mostly invest only in projects which has a good scope of being implemented and utilized in future. So a good project has many investors and hence the price of the coin becomes good while starting the trade. Coins whose projects are just a crap turn out to be a failure and becomes shitcoins. Coins with good potential generally gains more over the time.
Hi Folks,
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
I believe it is all about the faith from the people. Success is building with the trust of the people and when people started believing something success is not far for that specific thing.Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
People cannot invest in all the currencies as you mentioned that there are more than 1000 coins in the markets, so it is not possible for the people to invest in all because of the limited resources. That’s why only those succeed in which people come forward to trust and invest the most.
In cross perspective, when more number of people will be adopting cryptocurrencies, I guess, even non trust worthy coins also may find its success as people just look for their returns but not the reason and need of a coin.
Hi Folks,
Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
The success has so many definitions, You can try to determine the success of ico through various factors. just like ROI since ico and market capitalization or the product itself. Some are developing the project seriously and another failure project just tries to make it as a joke. Today there are more than 1000+ cryptocurrencies in the market.
I was wondering why some of them success and some failure.
what do you think?
How does cryptocurrency success?
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