Is the market still profitable for new projects? - page 3.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: kotajikikox on August 13, 2023, 09:57:07 PM

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

as long as you will provide new and innovative projects? with legit plans and not crocky ? i think New projects will succeed .
always consider the investors and believers side, and not only your profit because that will be the beginning of no legitimate connection from owner and the investors.

The problem is not in the success or failure of new projects. The point is that to attract newbies and new investors to the market, market makers need to create new games and massive hype. And that is why the market will always need new projects. Just like many people assume that trends and meme projects will die and go away. But I think it will always be around and will be a powerful tool for market makers to use to generate hype to attract newbies to the market. New projects and especially meme projects will always be a hot topic whenever the bull season approaches.

Jatiluhung

sr. member

Activity: 784

Merit: 399

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

New projects always have a good opportunity in any market conditions as long as the new project can offer a renewable innovation that has not existed before.

Well this is about how we should be able to appear different from other businesses. And this is about how we should be able to better satisfy the desires and expectations of customers in the business areas that we enter.
And it's about how we have to be the solution to every problem a customer has. If we have not been able to make renewable innovations. So of course it is not easy to survive in today's market. Because competition in the same product is very tight.

kotajikikox

full member

Activity: 2408

Merit: 212

★Bitvest.io★ Play Plinko or Invest!

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

as long as you will provide new and innovative projects? with legit plans and not crocky ? i think New projects will succeed .
always consider the investors and believers side, and not only your profit because that will be the beginning of no legitimate connection from owner and the investors.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

Quote from: Aanuoluwatofunmi on August 13, 2023, 05:23:03 PM

Quote from: TelolettOm on August 11, 2023, 07:00:02 PM

Quote from: Afnan_faizah on August 08, 2023, 08:38:38 PM

I think it is still okay, there are some investors who only looking for new project so they can have chance to earn profit. I saw many dead coin in local exchange, that only matter of time the price of it become zero. the competition is getting tighter so the quality should be higher so those new project can get more investors.

If they are experienced investors, it is no problem to invest in new random projects. They know well how to take profits from the projects because they must already have enough experience. But for common investors or new investors, they are better to avoid to invest in new projects. Finding good new projects are difficult now, most of them just survive in a short time. It is not only about the competition, but the quality of new projects are decreasing. Many of them have weak fundamentals and have no clear future. We must be more careful to choose the new projects nowadays.

What exactly kind of project are we considering, we know quite alright a number of crypto projects coming in daily and how it appears very difficult to find a reliable ones to invest in, this same new ways of introducing crypto projects us very easy and at more convenient for any kind to come onboard even though they lack the financial capacity to stand and exist for long and such are part of the reasons why we see the incident of increasing scam rate in crypto projects, investors have lost on countless occassions reasonable amount of investment assets in them and they later fail.

Not only the financial capacity but also lacking in originality, innovations, and applications. Most of these crypto projects that are launched in regular manners are here just for a money grab. Even implementing taxes upon purchase and upon selling to fund the future move of the project. That is a clear robbery! Are these types of projects saying that all the money collected will not be used on the project? There should be no reason for them to even hold part of the token because they have funds coming from sales, to begin with.

nurilham

sr. member

Activity: 1428

Merit: 436

Quote from: Wend on August 12, 2023, 11:18:16 AM

Established projects, old project also has no guarantee that it will not crash or cause damage to newbies. In my opinion, newbies should stay away from all altcoins and should just focus on bitcoin and spend a lot of time cultivating knowledge. The altcoin market is very risky, it is no different from gambling than investing, so even experienced investors are not guaranteed to make a profit from it, let alone novices.

For newbies, Bitcoin should be the most recommended one. Even if they want to invest in altcoins, they only invest in Ethereum. I think there is no problem to invest in Ethereum, the pattern of Ethereum price looks quite similar with Bitcoin. Ethereum is also the king of altcoins, it is already proven for many years. So, it is no problem to choose altcoins, but only choose Ethereum.

Sure, altcoins are riskier, the prices of altcoins are more volatile. But basically, both Bitcoin and altcoins are high risk investment. There is no significant difference between them if we consider the risk. No crypto coin is secure to invest, no guarantee for profits both in BTC and altcoins.

Aanuoluwatofunmi

sr. member

Activity: 532

Merit: 390

Quote from: TelolettOm on August 11, 2023, 07:00:02 PM

Quote from: Afnan_faizah on August 08, 2023, 08:38:38 PM

I think it is still okay, there are some investors who only looking for new project so they can have chance to earn profit. I saw many dead coin in local exchange, that only matter of time the price of it become zero. the competition is getting tighter so the quality should be higher so those new project can get more investors.

If they are experienced investors, it is no problem to invest in new random projects. They know well how to take profits from the projects because they must already have enough experience. But for common investors or new investors, they are better to avoid to invest in new projects. Finding good new projects are difficult now, most of them just survive in a short time. It is not only about the competition, but the quality of new projects are decreasing. Many of them have weak fundamentals and have no clear future. We must be more careful to choose the new projects nowadays.

What exactly kind of project are we considering, we know quite alright a number of crypto projects coming in daily and how it appears very difficult to find a reliable ones to invest in, this same new ways of introducing crypto projects us very easy and at more convenient for any kind to come onboard even though they lack the financial capacity to stand and exist for long and such are part of the reasons why we see the incident of increasing scam rate in crypto projects, investors have lost on countless occassions reasonable amount of investment assets in them and they later fail.

lizarder

hero member

Activity: 1554

Merit: 877

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

Everyone goes into business on new projects every day and technological developments make anyone have the opportunity to create new projects and they always come up with the best service according to their version every day. The goal was still to make a profit and they didn't think too long term about developing the new project.

Quote from: Trawda on August 08, 2023, 01:33:27 AM

So my question is: is this market still profitable for new projects?

Not all new projects can be profitable and also not many new projects are able to sustain themselves in the market. My question is whether you will choose one of them to benefit or stop following a new project that does not have the strength to defend itself in the long term.

Any new project developer will definitely see the potential and they will try to make their product the choice of many people, but speaking of opportunities in improvement, maybe not all products have a good chance in the long term. Most new projects end up on their own without further development, so they end up being left as they are with nothing left.

superman184

full member

Activity: 658

Merit: 189

Quote from: jasonjm on August 13, 2023, 12:11:18 AM

There is always room for improvement. The market is somewhat stabilised at the moment, so there is a bombardment of new projects. If the project is viable and has something innovative in it, I am sure it will be a success. The Majority of the projects in the market are old concepts with some newer versions. Until and unless the project is exceptional, it might not gain the attention of investors.

From what I see now, the stability of market conditions is still a bit lacking at the moment so there won't be that many successful projects and even if there are successful ones after the bombardment as you said, I think it only happens to a few projects that where they were only successful in the short term. Because these new projects are still not necessarily able to survive in the long term if they are not able to compete with old projects that already have products at a very established level.

Although a minority of investors still like to take advantage of new projects to gain profits in the short term before they forget about it. Because the profits from new projects can also be used by investors for better assets such as Bitcoin and other cryptocurrencies that are already more popular and better on the market.

Gozie51

hero member

Activity: 2478

Merit: 621

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitcoin_people on August 13, 2023, 10:23:02 AM

But there are many projects that are brought to the market in the current market and they only come with the hope of making some amount of profit. But I think that it is definitely possible to profit from the position of the market with any new project, it will mainly depend on the future of a project.

I'm sure we are going to see more coins in the market during the expected bull of next halving. Usually developers target to push out their project during this time because they know there are investors who want easy and fast money because of the hype of the time. So it is wise to also be careful in the investment at that time because some project that will enter the market will shortly be delisted from their exchange because of low volume.

Bitcoin_people

sr. member

Activity: 490

Merit: 309

Bitcoin Halving Year 🎗️🎭

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

When a project launches in the market, it aims to be profitable. Many projects are created every day. There are many projects that succeed and people get huge profits from them but many projects that are mostly scams. Those who invest in new projects invest with the intention of making a profit but many times it is seen that the projects cheat the investors. If I market projects that are good and will move forward in the future, it is possible to make a profit. But there are many projects that are brought to the market in the current market and they only come with the hope of making some amount of profit. But I think that it is definitely possible to profit from the position of the market with any new project, it will mainly depend on the future of a project.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Quote from: Trawda on August 08, 2023, 01:33:27 AM

So my question is: is this market still profitable for new projects?

I guess every newbie who's interested in cryptocurrency will ask this same question out of perplexity. I asked too. A few months after I registered here (2017) I was alarmed when I saw the preponderance of ICO projects being registered on a daily. Those projects were rushing to the market like the industry would soon go out of business. Total listed cryptos when I registered here was around 750 from CMC data. Today, there are well over 10,000 listed coins and tokens according to data from Coingecko site.

If it weren't profitable being in this industry the numbers won't be on a steady increase. To answer your question – Yes, it's still profitable for new projects. It will even get more interesting when the bull rally starts after Bitcoin halving.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: jasonjm on August 13, 2023, 12:11:18 AM

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

There is always room for improvement. The market is somewhat stabilised at the moment, so there is a bombardment of new projects. If the project is viable and has something innovative in it, I am sure it will be a success. The Majority of the projects in the market are old concepts with some newer versions. Until and unless the project is exceptional, it might not gain the attention of investors.

This is a given. New ideas and innovative ones can easily attract attention and will surely gather interest. With that many will buy and the rate of investors will for that product or services will rise. It's that simple. If your idea is nothing new then it will not be as interesting as the others cause it will not stand out. Buyers and investors loves new things.

jasonjm

hero member

Activity: 1232

Merit: 524

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

There is always room for improvement. The market is somewhat stabilised at the moment, so there is a bombardment of new projects. If the project is viable and has something innovative in it, I am sure it will be a success. The Majority of the projects in the market are old concepts with some newer versions. Until and unless the project is exceptional, it might not gain the attention of investors.

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

Definitely yes. New projects are certainly not all scams but I must say a lot of them are unreliable, and only few have the potentials and can be trusted. So with that few remaining, they will still make the market profitable and productive provided that these coins will continue to grow and prosper in the next months and years.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: Trawda on August 08, 2023, 01:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

Yes it is. I don’t think the market will continue to exist if they are not in profits. However, not all new projects will bring profits to the market. Some would only create hype at the beginning but will definitely lose their essence later on. While others have certainly potential and promising projects that will continue to attract the investors and will bring massive profits to the market.

Furthermore, there’s always a room for growth and improvement. If those new projects are not appealing, they can always revise their platform and create new and impressive one.

leonair

sr. member

Activity: 1260

Merit: 390

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wend on August 12, 2023, 11:18:16 AM

Quote from: dothebeats on August 12, 2023, 07:29:36 AM

Quote from: TelolettOm on August 11, 2023, 07:00:02 PM

Quote from: Afnan_faizah on August 08, 2023, 08:38:38 PM

I think it is still okay, there are some investors who only looking for new project so they can have chance to earn profit. I saw many dead coin in local exchange, that only matter of time the price of it become zero. the competition is getting tighter so the quality should be higher so those new project can get more investors.

If they are experienced investors, it is no problem to invest in new random projects. They know well how to take profits from the projects because they must already have enough experience. But for common investors or new investors, they are better to avoid to invest in new projects. Finding good new projects are difficult now, most of them just survive in a short time. It is not only about the competition, but the quality of new projects are decreasing. Many of them have weak fundamentals and have no clear future. We must be more careful to choose the new projects nowadays.

Right? Experience investors are more aware of what to look for and what risks they are getting themselves and their money into so investing in new projects are easier for them. However, new investors are still grasping the system and are more prone to getting scammed. That is why it is recommended for them to invest to already established projects.

Established projects, old project also has no guarantee that it will not crash or cause damage to newbies. In my opinion, newbies should stay away from all altcoins and should just focus on bitcoin and spend a lot of time cultivating knowledge. The altcoin market is very risky, it is no different from gambling than investing, so even experienced investors are not guaranteed to make a profit from it, let alone novices.

Right you are, Profits cannot be guaranteed for any crypto project. And when it comes to a new project it is even more risky. So people who are new to crypto or don't know how to research a project well should not focus on anything other than Bitcoin for now. And I think investing following DCA is a good strategy if planning to invest on something else. Then there will be less chance of big loss which will be in our ability

Wend

sr. member

Activity: 1386

Merit: 283

Quote from: dothebeats on August 12, 2023, 07:29:36 AM

Quote from: TelolettOm on August 11, 2023, 07:00:02 PM

Quote from: Afnan_faizah on August 08, 2023, 08:38:38 PM

I think it is still okay, there are some investors who only looking for new project so they can have chance to earn profit. I saw many dead coin in local exchange, that only matter of time the price of it become zero. the competition is getting tighter so the quality should be higher so those new project can get more investors.

If they are experienced investors, it is no problem to invest in new random projects. They know well how to take profits from the projects because they must already have enough experience. But for common investors or new investors, they are better to avoid to invest in new projects. Finding good new projects are difficult now, most of them just survive in a short time. It is not only about the competition, but the quality of new projects are decreasing. Many of them have weak fundamentals and have no clear future. We must be more careful to choose the new projects nowadays.

Right? Experience investors are more aware of what to look for and what risks they are getting themselves and their money into so investing in new projects are easier for them. However, new investors are still grasping the system and are more prone to getting scammed. That is why it is recommended for them to invest to already established projects.

Established projects, old project also has no guarantee that it will not crash or cause damage to newbies. In my opinion, newbies should stay away from all altcoins and should just focus on bitcoin and spend a lot of time cultivating knowledge. The altcoin market is very risky, it is no different from gambling than investing, so even experienced investors are not guaranteed to make a profit from it, let alone novices.

EarnOnVictor

hero member

Activity: 644

Merit: 592

Leading Crypto Sports Betting & Casino Platform

Quote from: Trawda on August 08, 2023, 01:33:27 AM

So my question is: is this market still profitable for new projects?

The market will always flourish in every viable sector, and new projects would continue to be unveiled, it's you or the player that needs to be more creative and think to either better the existing market or create new ideas. As it is, if you don't have anything new to offer the existing market, you could still tap into it by increasing capitalization with better revolutionary ideas that would challenge the existing competition.

You can do this and make headway through a better approach to marketing, influencing, packaging, servicing and management.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: TelolettOm on August 11, 2023, 07:00:02 PM

Quote from: Afnan_faizah on August 08, 2023, 08:38:38 PM

I think it is still okay, there are some investors who only looking for new project so they can have chance to earn profit. I saw many dead coin in local exchange, that only matter of time the price of it become zero. the competition is getting tighter so the quality should be higher so those new project can get more investors.

If they are experienced investors, it is no problem to invest in new random projects. They know well how to take profits from the projects because they must already have enough experience. But for common investors or new investors, they are better to avoid to invest in new projects. Finding good new projects are difficult now, most of them just survive in a short time. It is not only about the competition, but the quality of new projects are decreasing. Many of them have weak fundamentals and have no clear future. We must be more careful to choose the new projects nowadays.

Right? Experience investors are more aware of what to look for and what risks they are getting themselves and their money into so investing in new projects are easier for them. However, new investors are still grasping the system and are more prone to getting scammed. That is why it is recommended for them to invest to already established projects.

TelolettOm

hero member

Activity: 2030

Merit: 549

Leading Crypto Sports Betting & Casino Platform

Quote from: Afnan_faizah on August 08, 2023, 08:38:38 PM

I think it is still okay, there are some investors who only looking for new project so they can have chance to earn profit. I saw many dead coin in local exchange, that only matter of time the price of it become zero. the competition is getting tighter so the quality should be higher so those new project can get more investors.

If they are experienced investors, it is no problem to invest in new random projects. They know well how to take profits from the projects because they must already have enough experience. But for common investors or new investors, they are better to avoid to invest in new projects. Finding good new projects are difficult now, most of them just survive in a short time. It is not only about the competition, but the quality of new projects are decreasing. Many of them have weak fundamentals and have no clear future. We must be more careful to choose the new projects nowadays.

Topic: Is the market still profitable for new projects? - page 3. (Read 755 times)