How important is a community behind a crypto project? - page 45.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

how important do you think it is?

If there's no community behind a coin then who are the people that will support it? Where the capital will be coming from? Take bitcoin as an example, it's market cap is the highest and it is because it's not only the first coin of all but it has a large community that supports it. And not just only a community, there are big people behind it which is incomparable to others.

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

Do you think they can get by through large marketing budgets instead?

There's nothing impossible if there's a large marketing budget for a project.

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

and do you agree with the article?

I agree in the part that he said, projects should know their target people.

crypto-bit

full member

Activity: 333

Merit: 100

community supporter for a certain token or coins are very important,It makes the coin more valuable and attract more users and investors joining them on a project that can be successful someday,Imagine that even if you have a good coin and project and you feel that it is unique from the others but its lack for community support then the result will be bad and your coin will be useless

lighterkek

newbie

Activity: 182

Merit: 0

I agree with the articles and thanks to them they may be taking good investments behind them so I think it is important

mylyn2327

member

Activity: 294

Merit: 12

Community takes a very important role because it will determine whether a project will be successful or not. Before starting anything such as business the no. 1 thing you'll need to consider is the community around you, the community who will patronize and the community who will support and promote the project to reach success.

Vladv26

full member

Activity: 321

Merit: 102

As the article says content is the king but community is the queen. What this mean is that the king cannot live without a queen same as absolutely any project or business doesn't matter how good it is cannot survive without a good community behind.

A good community doesn't mean to pay someone unknown just to promote your project because if a person is really interested in your project he will promote it for free without you even knowing that. The community will always support the project doesn't matter who tries to take it down and even if the project fails they are going to stay with the developers and launch a new project.

macit800

member

Activity: 322

Merit: 40

“The Premier Digital Asset Management Ecosystem”

It is very important to have a big community, because the people in the community are the holders of the coins. If they support the project then it is also a good way to do marketing, because they will share information about the crypto project on internet or in their neighbourhood.

mak2017

full member

Activity: 434

Merit: 110

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

That is not the first article about importance of crypto community which i read, but they all say the same thing - it's important.
Without backing community it will be hard for majority of projects to spread the word about their project around the globe.
Big investors sometimes also join Telegram groups, and when they see 50.000+ people screaming "Go Proejct X, we believe in you and support you" this could make a good impression on an investors who join social channels.
Keep in mind that most of crypto projects are startups, so that makes community even more valuable for them.

Bittalk12

member

Activity: 434

Merit: 11

Having a good and loyal ICO community truly brings positive impact with the project like free advertisments, supporters and traders which will operate the price movement when it gets listed on those exchanges. My good example is eBTC where it reached $2.50. They almost have 60,000 members on telegram and those holders truly believes in eBTC since those team members are very dedicated with the project before. Now, it went down to $0.15 because of confusing team members decision which creates a negative intense with its community.

defc0de

full member

Activity: 270

Merit: 100

I find that community is one of the most important factor in any cryptocurrency project. Sure the development and technical team is top priority, but without a good community backing up and supporting the project, it would probably die out fast like a large percentage of crypto projects right now. Here's a sample project that's gaining a lot of followers: https://bitcointalksearch.org/topic/--3342829 the project is gaining momentum due to a lot of people joining their programs and anticipating the launch of this new crypto exchange. Without decent supporters, even good projects like this would turn sideways as crypto is a two way project - developers and users. People like me who would go bullish on this types of project would push the development more and turn it into a more sustainable crypto backed business.

maman09

sr. member

Activity: 560

Merit: 250

of course the community is very important in a crypto project or ico. like we are here as the largest bitcoin committees ever.
there is a lot of discussion material we can do for innovation or change that leads to growth.
I think you should try to memeperdalam your insight related to crypto

natsu01

member

Activity: 392

Merit: 21

Community is really important behind a crypto project because it is the place where the administrators, participants and the investors discuss about the project. When the bounty hunters want an update about the running of the project, they are usually consult the administrators in the telegram community.

Jdragon6x6

member

Activity: 247

Merit: 10

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

Actually, a community is very important in cryptocurrency, imagine it can easily spread information and good news about the project, and also the community helps advertise which leads to increased sales.

yojodojo21

full member

Activity: 420

Merit: 171

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

We as a community supports bitcoin and other cryptos that is why we are part of the platform wherein the idea of crypto will be shared to the entire countries which is open minded for realization that crypto idea is a good way to help a certain country. Crypto project making should be well prepared into making the community to connect people peer to peer to be as solid.

Gelesko

member

Activity: 322

Merit: 10

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

I agree with the article, community is very important! As the longer the project, the more of the people who will believes in it success and the fewer will take part in it, but with much more potential to invest in it (time, money, communication and etc). Most of bounty hunters, search for small date's project, as their side of view, if it's scam they didn't waste a lot of time on it and they will receive quicker bounty rewards! I currently have a long bounty campaign and it is a signature I am wearing, I am glad that I have joined them and I believe in the development of the project and capability of the team team to get to the target of the project. I run for them, from right of the beginning and it's now 11 weeks, I follow their news and read telegram group updates/news, I can see our community is not that big as in short projects, but it is pretty big for long campaign and everyone is united and have strong believes in team and project itself!

Moiyah

member

Activity: 630

Merit: 20

Look, this is just a simple rationale of everything that article said.

Community is the key to success in every cryptocurrency projects.

I.e. This forum is a community wherein ico projects are being introduce and being advertise with the help of members here. We are promoting the projects. And we are part of the community. Thus, without our efforts and labor (maybe in other terms), crypto projects will be considered as useless. That is eventually the significant role of a community.

mcdofus234

newbie

Activity: 27

Merit: 0

i would say its one of the most important things for a project. a strong community means a strong coin and project

faceoff97

full member

Activity: 644

Merit: 113

Quote from: repetecrypto on April 26, 2018, 02:16:28 PM

Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

The future of a project is all dependent to the community. Greater community mean greater potential for success of a project. Everytime I made an investment I make sure that there good number of community involved. If a project is back-up by well known people on the crypto, the project has really a good future. The demand of the coin is dependent on the people, since it will define tge value of a coin.

bitcoin27

newbie

Activity: 141

Merit: 0

i think its very important because the community of the project will serve as a medium to spread the project to the other and public.

SalmanMJ9

member

Activity: 462

Merit: 12

In a immature market as crypto, community is one of the most important factors... Take a look at projects who didn't respect their community what happen to the price (recently Expery and Ink protocol)... Both lost their value since the community distrust them with their token metrics, sale, etc

slavcoinking

brand new

Activity: 0

Merit: 0

I think a community is the best way to judge a great token. It shows that people have faith in the token and they can help spread the word and market it for the startup.

Eventually, marketing budgets run out and although they might have created some hype, if they have not created a community that "sticks" then it will fail in the long run.

Topic: How important is a community behind a crypto project? - page 45. (Read 4765 times)