Is the market still profitable for new projects? - page 6.

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

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

If that new projects has new features that will be beneficial for the people, the chances of it to be a successful is kind of high.
You said in your previous post that you are talking about "new projects", so your subject title, and kind of confusing TBH.

Anyway, there are new projects that are being created daily, but not all of them will survive. There are lots of projects right now that has been listed in Coingecko, and Coinmarketcap, but most of them are either no liquidity at all on exchanges, no community behind it whatsoever. Most of the new projects are ending up as a scam, or an abandoned one especially if there isn't that much support from their investors.

Is it still profitable? Yes, but the chances are very low. What I mean is that you need to prepare for the worst if you are investing into new projects because they have a high chance of it being a rug pull. Yes it's still profitable, but the chances of you as an investor to get profit from them is very low. This is also the reason why I don't invest into new projects. If I'm lucky, I might make my money x10 or even x100, but what are the chances of my money going to 0? High, so the risk is high though the reward is also high, but it isn't worth it for me to try.

Minor Miner

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

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

The cryptocurrency industry is still in its infancy so new projects are always welcome and will appear daily. And from what I see, the return from new projects will always be greater than the old ones but the risk will also be much higher. That is also why those who invest in altcoins are less inclined to invest in old projects, they will look for new projects for the upcoming bull run in the hope of getting more profits.

I guess you are looking to invest in new projects to earn bigger profits, right? There is nothing wrong with that but be careful with them because the higher the return the higher the risk. It is better to invest most of your investment in bitcoin, only a little in altcoins.

landheer

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the market will continue to grow and of course new ideas will emerge, I don't think we need to make a big deal out of it, what is clear in this case is that we must have high and good insights and strategies.
and usually with new projects and so on it will actually have a good impact on those who can take advantage of it.

YUriy1991

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If OP sees the market is bearish and a lot of crypto is decreasing in price and new ones keep popping up. well, if the OP's question is adventurous with new projects, my advice, look for those that have been recommended and adjust them to current hot issues (what do people like) and also need to consider the best time to buy it for example in the short term during corrections and one more see also Number of Token Holders and Avoid projects that have few token holders other than the feasibility of the project you are going to invest in. In the end, I'd say yes. Currently the market is still favorable for new projects but must be selective in choosing.

Trawda

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Quote from: Fortify on August 08, 2023, 04:29:14 PM

Are you talking about cryptocurrency projects or what? You seem to be talking nonsense and contradict yourself in the first couple sentences. The world of business is forever changing, adapting and innovating new ideas every single day. Some businesses are very cheap to setup and run, requiring little overhead or costs - like people selling products on eBay or Etsy that they may have crafted themselves or bought from suppliers in bulk. Tech business often has fairly low barriers to entry, buy a domain and set your website up. Investors is such a broad term it is almost meaningless, almost everyone in most developed countries have pensions that own shares in many businesses via index funds. What evidence do you have of a "large increase" in new services or companies, because it is in constant flux but you've made a wild leap out of nowhere.

Yes, I am talking about cryptocurrency projects since we are in a forum that talks about cryptocurrencies in the first place.
Where is the contradiction in my words? I have read most of the responses, but I did not find any member who said that except you!! It's weird!! I don't see a contradiction. I asked a question that seemed obvious to everyone.
As for the evidence of a "significant increase" in new services or companies, I think that this does not need evidence because it is quite clear to any observer or regular follower of the market.
Anyway, I respect your opinion and thank you for stopping by.

xSkylarx

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It is still profitable because technology keeps evolving, meaning there is new technology that has not been implemented before, which is why investors are still going to invest in it, mostly when they are promising and futuristic projects. This will really continue the cycle as the old one will be outdated or sometimes abandoned by the developers or owners, and it will die, so there will be a new team to make it again and also make it better.

Afnan_faizah

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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.

Wimex

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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?

Of course it is profitable, innovations will always bring benefits, and that is why the vast majority of investors decide to support the ideas of those with good vision, however, just as innovative projects can be created and with good foundations, they exist in those who, despite the fact that they seem to have potential, end up failing, but it is not the fault of how the market is, but of the strategies they used, there are people who, despite having a futuristic mind, do not do well with business and That is why they end up failing, despite all this, it is not a reason for demotivation for those inventors or investors who decide to trust, because that is how the world works and it always opens new opportunities where the results end up being true and satisfactory for both sides and Not only for them, as long as humanity has the ability to create projects and investors are motivated to finance them, both those involved and the economy of the countries will be rewarded, as they will remain stable and increase in productivity, as well as will contribute to the quality of life of citizens and therefore the profitability of the market.

Sarah Azhari

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

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

It depend in what project you are developed. Sometime, a new project not glanced by investor because that project is has appeared frequently and without any further development. This kind of this we often to see if the same or similar with another so it tends to be bored or there are several going to be scam so there are those who give up on investing his money. but there are some have profitable even new or some developer create a new project with and different from the others.

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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?

Since the beginning, the competition is already there. No one will be able to tell if new projects can succeed in the market nowadays if they will not engage in it in an actual operation. The problem will only be determined once the project goes live and that's where the critical point is, how to deal with those.

Attracting investors is always part of the difficulty that any new project faces. It's a challenge.

Success is impossible to achieve without struggles on the way. There's no shortcut.

jossiel

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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?

It's like hit or miss for the majority of them.

You'll never know if the newest projects are going to hit the crowd and will make it to the market. Some might go into a jackpot but even the considered good ones can't make it.

So, it's almost rare to see new projects able to make it to the market and make a decent profit from it. Because I still see a few of them manage to make it.

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Quote from: jeraldskie11 on August 08, 2023, 06:48:28 PM

Many fresh projects have entered the market, but not all of them are trustworthy. There are many fraudulent projects out there that only want the money from investors, but there are also legitimate projects hiding in the shadows. You should be able to distinguish between legitimate projects and scams.

Of course, although there were too many scam projects, there should be a few nice projects. Sadly, they become rarely day after day. I constantly checked the new projects but it is difficult to find out convincing projects. Some projects only focus on the marketing strategy without developing well their products. While others have good products but they have unexperienced teams and make a bad marketing strategy. And there are also the projects with great marketing but they offer tokens with no fundamentals. These types of projects won't survive a long time, they probably disappear after tokens sales. So, it is not easy to find out good projects nowadays.

Mahanton

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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?

True, we've been flooded out by tons or thousands of new projects on this market on which it would really be resulting into that divided kind of funding coming from investors which means that it is unlikely that each of them would really be getting that attention .In overall, this is always been survival of the fittest and to those good ones would really be getting that recognition and to those who are just copycats would really be kissing on the floor. This is why on investors perspective then it would be always ideal that you should really be wise on which projects you would really be planning to invest on and not really just carelessly trying out to get dragged with some hype because this is where usually investors do losing up their money or funds on the time that a project would be rug pulled or would become a scam.This is what people should really be looking or checking on because if they wont really be that sensible towards their actions then they would definitely be ending up with that kind of fate which it could really be changed up if you are really just that mindful about on the things you are
dealing of with.

jeraldskie11

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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?

Many fresh projects have entered the market, but not all of them are trustworthy. There are many fraudulent projects out there that only want the money from investors, but there are also legitimate projects hiding in the shadows. You should be able to distinguish between legitimate projects and scams. I regularly look at their social media accounts, such as Twitter, to determine whether they are scam projects or not. Some legitimate projects become scams due of a lack of funding and development. Therefore, there still projects you can be profitable with.

Wexnident

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Any project can be profitable. It's just a matter of how well the team does their marketing, and whether the products/service they offer actually live up to expectations. Even big companies would have fresh budding competitors, not to mention new companies that have a new innovative product/service they can offer. While it's hard to develop something new nowadays since literally almost everyone with the know-how keeps pushing out new stuff, it's a matter of who can keep standing the longest. It isn't even a matter of creativity at some point really (except in extreme cases I think), it's just a matter of marketing itself.

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Quote from: kawetsriyanto on August 08, 2023, 05:42:21 PM

Not all the new projects are real projects, many of them are scams only. There are only a few projects that investors probably consider. They become more selective to choose crypto projects due to many scam cases. However, if it is a real project, I'm sure the investors will consider it and it should be profitable.

Anyway, I know that the competition among the projects become tighter with the huge number of crypto projects. That's why it is better if a new project offers something different from the previous projects. If the new project is unique and offers something interesting, the chance to succeed will be very opened.

New projects have to be really innovative and original if they want to be profitable on long term in this crypto market, otherwise they will be just part of a temporary hype in times of bull run, which nobody will remember it anymore (at least in a positive way) after the hype is gone.

And I believe it's not that easy for developers to be innovative right now, since we have many cryptocurrencies already which cover most, if not every demands and needs people have nowadays on the internet. Actually, Bitcoin fulfills most of the objectives those alternative cryptocurrencies claim to accomplish, so in most cases everything you need is solely Bitcoin: for profitability or practical purposes.

suzanne5223

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

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

The crypto market is always profitable for a new project but not all new projects because what we have in today's crypto market is an imitation of the previous project concept there's no new concept that solves the current drawback in todays crypto market.
After the project is built on an amazing concept that introduces a new solution in the market, the next thing is using the right marketing strategy that got the investor's attention just like the SUI, etc does because crypto marketing is always changing.

GeorgeJohn

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Quote from: dothebeats on August 08, 2023, 04:44:11 AM

The market will continue to grow. As technology evolves, people will come up with new ideas for products and services to offer and sell. However, this does not mean that the market will not be profitable for new projects. It still is for as long as you know how to sell your products and attract your target clients and customers. It all comes down to how competitive you are.

Even though that the market is not profitable that will cause a stoppage of a new project, a project is like a competition which everyone is interested to market it project, so I'm not of the opinion that doesn't use be profitable or when market is not profitable that other projects should die off, so marketers or investors look at the place that market will be profitable, so I believe that's one of the things that contribute for good market is falling and rising because some people benefit when the market is not profitable while people benefit when the is profitable

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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?

Not all the new projects are real projects, many of them are scams only. There are only a few projects that investors probably consider. They become more selective to choose crypto projects due to many scam cases. However, if it is a real project, I'm sure the investors will consider it and it should be profitable.

Anyway, I know that the competition among the projects become tighter with the huge number of crypto projects. That's why it is better if a new project offers something different from the previous projects. If the new project is unique and offers something interesting, the chance to succeed will be very opened.

Finestream

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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?

Obviously yes. It’s only a matter of competition in which the best in demand project will stay longer in the market. That’s why despite of a saturated market, new projects continue to arise everyday withy highly competitive features and top rated plans that will make them more appealing to their investors and clients. In the end, those who have strongest and smartest plans and course of action will certainly become the best and leading projects.

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