Impatience kills projects - page 2. | Bitcointalksearch.org

Kemarit

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Quote from: dothebeats on January 19, 2018, 05:53:50 AM

I agree with this. Many people think that a successful project only takes 1 or 2 months of hard work, when in fact it takes more than that. Imagine the hours spent of the devs trying to polish everything and the advertising team trying to get the word out there. Getting a well-developed project takes time and effort, and all these opportunists traders think are profits and how it would a certain coin benefit them. Oftentimes, this happens when a coin is overhyped and everyone on board is expecting for it to be pumped once it goes live. No one genuinely cares about coin development nowadays. All they care about is money and profits.

Yes, everyone is really in for making money and profits. That's why we have this so called pump and dump groups. They will do everything to hype a project and then they are the one who is also killing it. How many coins that we have seen de-listed on a exchange? There are de-listed because not enough money is being put to that coin, or maybe just the pump and dump group haven't to notice that coin? but if you look at the background, devs are really working hard to improve the coins, unfortunately, it was already de-listed by the trading platform. Those group doesn't really give a damn about a coin, as long as they can make money out of it through continues pump and then taking the profits, they will continue to do so.

Ewox

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Quote from: dothebeats on January 19, 2018, 05:53:50 AM

I agree with this. Many people think that a successful project only takes 1 or 2 months of hard work, when in fact it takes more than that. Imagine the hours spent of the devs trying to polish everything and the advertising team trying to get the word out there. Getting a well-developed project takes time and effort, and all these opportunists traders think are profits and how it would a certain coin benefit them. Oftentimes, this happens when a coin is overhyped and everyone on board is expecting for it to be pumped once it goes live. No one genuinely cares about coin development nowadays. All they care about is money and profits.

Yes that’s true and peoples perspective on successful projects usually are projects that took only short months of trading when in fact that’s not what really happens in reality. A well developed project takes years for them to perfect the project and then tag it as a successful one.

MP4

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Impatiance doesn't kill project but investors own profit, who don't know what mean long term holding and forget about money he/she invested

dothebeats

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I agree with this. Many people think that a successful project only takes 1 or 2 months of hard work, when in fact it takes more than that. Imagine the hours spent of the devs trying to polish everything and the advertising team trying to get the word out there. Getting a well-developed project takes time and effort, and all these opportunists traders think are profits and how it would a certain coin benefit them. Oftentimes, this happens when a coin is overhyped and everyone on board is expecting for it to be pumped once it goes live. No one genuinely cares about coin development nowadays. All they care about is money and profits.

Lanatsa

hero member

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Quote from: Mankov on January 18, 2018, 10:11:58 AM

In so many threads I see a huge impatience. That kills projects.

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too. Cheesy

What do you think how long does it take to establish a project in a market? 6 weeks? Very often I have this feeling that many in our community think like that.

And 100% up and down is nothing in the coin market, have a look at pennystocks, there it is the same thing. And if you watch stocks in dow jones 1 $ up and down ist nothing, because the market is much bigger.

You are comparing stocks into cryptocurrency which isn't really right at all since price volatility do really matter. Impatience is common and establishing a project cant really be done on a matter of 6 weeks that you did able to mention. One of the reason of such decline is on its investors taking profits and don't tend to comeback but if it do have a dev that keeps on updating and even buybacking for the sake of development then it do have potential. Project usability is one of the key,if interest is there then high chances of success will be there but expect it would really be for long term.

cryptorampage

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In every case or project patience is the only word you can lie on , it's 100% that influence the further result. In some cases we can't await longer the border of patience level breaks down. Anyway good luck buddy.

lablab03

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Quote from: DrGuns4Hands on January 18, 2018, 10:41:41 AM

In everything you wanted to do, patience is a must. Being in rush is very dangerous. Dont take it too fast, plan it very carefully and perfect. Everything in this world takes time.

That's right but we can't avoid that problem because all of us has a different beliefs and aslo mindset which despite of mistakes they will always afraid to risk in any things. Perhaps that is the common reason why they don't want to wait because of doubts that maybe they wasting efforts on it cause its scam bla bla bla. Lol and also by reading some fud news their mindset change quickly. Thats why they dont want to put some effort in such things.

audrey12

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Those people who are impatience are actually new in this crypto currency market they got panic when a sudden dump in crypto value take place without even realizing that for so many years people who are in this market keeps investing because we all believe and it has been proven so many times that regardless of bitcoin value today in due time it will pump and hit another highest historical amount and that holding will surely give a promising return just keep on trusting bitcoin and cryptos

FrueGreads

legendary

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I think you are absolutely correct, and the huge increase of the price of bitcoin, and of many other altcoins is in fact a "curse" in my opinion. All these coins are still being tested and developed, and since they run on a free market, they are not responsible for how people price it. Bitcoin has a huge potencial, but it's not done quite yet, and it will take some time improve. People don't understand that, and think that bitcoin is already a currency and can be used for payments all around the world and by the masses, but we are not there yet, so we can't really complain about it.

People buy bitcoin, and then they complain that the fees are high, and that they can't use it, and that bitcoin's price is to high because the coin useless, and all of those things. If they knew in what state of development bitcoin is now, they would understand that the price they are paying now is not reflecting the actual state of bitcoin, but it's future use cases.

If people believe in bitcoin future, then they should buy it and kind of forget about it, and let the devs do their work.

Mankov

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Yes, I`m talking about solid projects. Ok, but sometimes there is also a lack of good public relations, so they investors misunderstood it and drop their coins. Good pr is very important.

adzino

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Quote from: Mankov on January 18, 2018, 10:11:58 AM

In so many threads I see a huge impatience. That kills projects.

You can not blame the community for the failure of a project. The developers are also equally liable. If they really wanted to continue with the project, they would not heed the negativity.

Quote from: Mankov on January 18, 2018, 10:11:58 AM

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too. Cheesy

Well it is actually a good sign when a price doesn't skyrocket in first few weeks. Or else there might be high chance that the price are being pumped and will soon will be dumped causing the project to die. More like a pump and dump scheme.

seizetehday5

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That is why the real value of the company comes from organic growth and the proper project runners don't care about hype or pumping up coins. These are the projects you want to invest in because more than likely they care to provide real value and more than likely they stand a better chance to be around than those pump and dump coins.

hitrawal91

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Yes i agree with you nowadays people are not having that kind of patience, which is expected to have in every Crypto trader because when you are investing your money in some projects then you need to give some time to prove its potential and if there is something wrong in that projects that means you have not selected the right project and I think people fail to hold the Good ICO's only because of their previous bad trades and because of that they even fail to hold the good ico's and project. Remember one thing that patience is the key to success here in the trading and investing market no matter how big or small the project is, you just need to follow this simple rule, BUY THE RIGHT AND HOLD IT TIGHT.

Thanasis

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Quote from: Mankov on January 18, 2018, 10:11:58 AM

In so many threads I see a huge impatience. That kills projects.

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too. Cheesy

What do you think how long does it take to establish a project in a market? 6 weeks? Very often I have this feeling that many in our community think like that.

And 100% up and down is nothing in the coin market, have a look at pennystocks, there it is the same thing. And if you watch stocks in dow jones 1 $ up and down ist nothing, because the market is much bigger.

The main reason for the failure of many legitimate projects is happened due to the impatience of investors they are rushing to trade their tokens or coins immediately after they listed on exchanges.We knows that price of coin is based on the demand and supply so what will happen if all the people are selling their token at the same time.It will lose it value hardly and it can not be recovered again in many cases.
So people who are investing on ICOs need to wait and you can make more money if all investors will hold their tokens longer.

Mankov

jr. member

Activity: 428

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Quote from: BrewMaster on January 18, 2018, 11:14:54 AM

altcoin market is in a way like pennystocks. and that similarity is only in the huge risk, unpredictability, and big swings. otherwise there are no other similarities.
altcoins are not regulated and extremely manipulated. you can not see that in penny stocks.
also you seem to be ignoring the fact that most of these "projects" are pure bullshit. they put up a pretty front with some pretty words and a paper (that sometimes they pay someone to write it for them). and 0 product. someone with minimal programming skill can create one and they do create lots of useless projects. hence the 100% pump and dumps in mere hours.

Well, in gold- and silver-mining-stocks it`s the same thing there are many scam-explorers. Guess 70-80% of the offered mining-stocks (circa 8.000) are professional scam or goes down for other reasons. I think it`s much easier to find a good coin than a mining-stock, at the moment. I`m just looking at the team and idea of a project. The research is not so hard than in mining-stocks.

Davinus

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Quote from: Mankov on January 18, 2018, 10:11:58 AM

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too. Cheesy

What do you think how long does it take to establish a project in a market? 6 weeks? Very often I have this feeling that many in our community think like that

I have invested in a huge large amount of ICO's at the moment, and this is the real fucking truth, seriously. It is incredible the amount of people who are always desperated about seeing the coin on exchanges only two days after ICO. This is not a good behavior, and this kind of emotions are the only things that you require in order to kill a project after ICO

WalkerIVIV

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Quote from: Mankov on January 18, 2018, 10:11:58 AM

In so many threads I see a huge impatience. That kills projects.

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too. Cheesy

What do you think how long does it take to establish a project in a market? 6 weeks? Very often I have this feeling that many in our community think like that.

And 100% up and down is nothing in the coin market, have a look at pennystocks, there it is the same thing. And if you watch stocks in dow jones 1 $ up and down ist nothing, because the market is much bigger.

But if you have been watching a lot of story in so many old icos and then the longterm holders will always be a winner. They are only greedy person that only cares about profit and profit. They can't give a lot of time to the developers to develop the product the fact that the product is a big key to make the price jump to the moon.

eyesopen

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Quote from: Mankov on January 18, 2018, 10:11:58 AM

In so many threads I see a huge impatience. That kills projects.

When a coin doesn`t goes up 100% in 1 week then it is "scam", and if it declines 100%, too. Cheesy

What do you think how long does it take to establish a project in a market? 6 weeks? Very often I have this feeling that many in our community think like that.

And 100% up and down is nothing in the coin market, have a look at pennystocks, there it is the same thing. And if you watch stocks in dow jones 1 $ up and down ist nothing, because the market is much bigger.

you are right, people who have bought into a project expect too much too quick.
there is a massive expectation to be able to buy a coin and sell it as quick as possible at a massive profit
and then move on to the next project and do the same.
I know from friends who have been in crypto for a while now that you have to have patience,
projects take a long time to go through their processes and developments.

BrewMaster

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altcoin market is in a way like pennystocks. and that similarity is only in the huge risk, unpredictability, and big swings. otherwise there are no other similarities.
altcoins are not regulated and extremely manipulated. you can not see that in penny stocks.

also you seem to be ignoring the fact that most of these "projects" are pure bullshit. they put up a pretty front with some pretty words and a paper (that sometimes they pay someone to write it for them). and 0 product. someone with minimal programming skill can create one and they do create lots of useless projects. hence the 100% pump and dumps in mere hours.

peterthegreat

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Presale is live!

If the idea and the coin is terrible on the first day then in most cases more time won't improve it.

Topic: Impatience kills projects - page 2. (Read 513 times)