Topic: Many old coins are dead and abandoned by the developer, WHY? (Read 690 times)
There are several reasons why many old coins/tokens have died or been abandoned, because maybe they lacked funds when developing their products during a long bear market and also began to be abandoned by the community because they might no longer be attractive or hopeless.
I think people give up with their projects and start a new one. 
this is just my opinion....that most old coins are not worth for the long term as they depreciate in price over time. Only Bitcoin and Ethereum are the exception, since they're still one of the most popular coins in the mainstream world. It's best to "hodl" these coins alongside new ones with active development and innovation, in order to prevent many undesired losses in the future.
Right now, there are many old coins that are still alive. But they're often "under the radar" as people are mostly focused on profits rather than utility. There are many good coins like Namecoin and Primecoin, each with their unique features in the crypto/Blockchain space. AFAIK, there are no other coins like Primecoin with an innovative PoW consensus algorithm based on prime numbers. It helps our society with the discovery of prime numbers, putting PoW's "energy consumption" to good use. Sometimes I wish a new dev team or the community would take over the development of Primecoin, in order to further improve its consensus algorithm. Being one-of-a-kind coin, I consider it to be a hidden gem. Namecoin, on the other hand, is a good old coin with a decentralized domain name system. It was the first cryptocurrency to ever make use of a decentralized DNS. Ethereum may have taken the lead in decentralized domain names, but Namecoin is still an alternative worth considering.
No matter which old coins you choose to "hodl" for the long term, it's important to never put all your life savings on them. The risks with old coins are much higher than shiny, new ones on the market. You could end up "holding the bag" someday if your old coin of choice becomes abandoned in development. This in effect, leads to exchanges de-listing the coin, putting trading activity all the way down the drain. You can still use the Blockchain if there is at least 1 node and miner on the network, though. I'm still "hodling" Spreadcoin, despite not having any exchanges available. The Blockchain is still alive and running, which makes the cryptocurrency useful. Let's hope that abandoned coins like Spreadcoin experience revived interest from a new dev team sometime in the future.
Right now, there are many old coins that are still alive. But they're often "under the radar" as people are mostly focused on profits rather than utility. There are many good coins like Namecoin and Primecoin, each with their unique features in the crypto/Blockchain space. AFAIK, there are no other coins like Primecoin with an innovative PoW consensus algorithm based on prime numbers. It helps our society with the discovery of prime numbers, putting PoW's "energy consumption" to good use. Sometimes I wish a new dev team or the community would take over the development of Primecoin, in order to further improve its consensus algorithm. Being one-of-a-kind coin, I consider it to be a hidden gem. Namecoin, on the other hand, is a good old coin with a decentralized domain name system. It was the first cryptocurrency to ever make use of a decentralized DNS. Ethereum may have taken the lead in decentralized domain names, but Namecoin is still an alternative worth considering.
No matter which old coins you choose to "hodl" for the long term, it's important to never put all your life savings on them. The risks with old coins are much higher than shiny, new ones on the market. You could end up "holding the bag" someday if your old coin of choice becomes abandoned in development. This in effect, leads to exchanges de-listing the coin, putting trading activity all the way down the drain. You can still use the Blockchain if there is at least 1 node and miner on the network, though. I'm still "hodling" Spreadcoin, despite not having any exchanges available. The Blockchain is still alive and running, which makes the cryptocurrency useful. Let's hope that abandoned coins like Spreadcoin experience revived interest from a new dev team sometime in the future.
The crypto market is always dynamic with running and moving conditions. Basically, if I do with a cryptocurrency exchange I will see if the coin is stable. This is because a coin maintains a stable state when the trading and investing of that coin continues at the same pace. Therefore, an unknown dead coin cannot carry any profit so its developer abandons it.
We can't say "only bitcoin and ethereum", there are coins like litecoin that has been around for over 5 years and still in top 5 for example, and that is just one example. There are tons of coins that are high in price and have been around for over 3 years and that is over 30% of all crypto history so I would say they are "old" as well. Sure there are some coins that do not get any attention at all, however that doesn't mean that all old coins are bad neither.
In fact I find most new tokens and coins more risky and do not make a decent profit compared to old ones, if you look at top 20 and find the ones that was created over 3 years ago and build a portfolio based on those two things alone, you are going to have a pretty decent portfolio over long period of time.
Bitcoin, Ethereum, Litecoin, Monero and other top old altcoins never introduced any crowdfunding and they are the best presently, well funded projects aren't that successful why? Maybe the teams intentions? When money is involved they lose themselves or what? Old projects are more stronger than new projects In fact I find most new tokens and coins more risky and do not make a decent profit compared to old ones, if you look at top 20 and find the ones that was created over 3 years ago and build a portfolio based on those two things alone, you are going to have a pretty decent portfolio over long period of time.
We can't say "only bitcoin and ethereum", there are coins like litecoin that has been around for over 5 years and still in top 5 for example, and that is just one example. There are tons of coins that are high in price and have been around for over 3 years and that is over 30% of all crypto history so I would say they are "old" as well. Sure there are some coins that do not get any attention at all, however that doesn't mean that all old coins are bad neither.
In fact I find most new tokens and coins more risky and do not make a decent profit compared to old ones, if you look at top 20 and find the ones that was created over 3 years ago and build a portfolio based on those two things alone, you are going to have a pretty decent portfolio over long period of time.
In fact I find most new tokens and coins more risky and do not make a decent profit compared to old ones, if you look at top 20 and find the ones that was created over 3 years ago and build a portfolio based on those two things alone, you are going to have a pretty decent portfolio over long period of time.
People will still have more of tokens like that as much as we follow too good to true project or invest in a project without having a particular product or utility they satisfy. The ways out of such is by
- doing an extensive research on the project to invest into.
- knowing the authenticity of the people behind the project and their partners
- knowing the technological possibility of attaining the project objectives and so on
- doing an extensive research on the project to invest into.
- knowing the authenticity of the people behind the project and their partners
- knowing the technological possibility of attaining the project objectives and so on
I think it's up to the investor to check if the coin if profitable in the future, this is where research steps in, an investor should look if the project or coin has any value in the near future, mostly coins died if there is no progress or any update from the developer, and never do anything like a product that will keep a project more exciting and interesting for investors, once they see no progress it will surely die or it will be just left behind by others.
Many old coins turned scam, dead and abandoned, they are all in the past now but now many new projects will repeat such same step in the next 3-4 years later, you need to sure about a project very well before investing money on them, I know that some projects are well founded with good teams but as time goes by things might change that's why we need to only take limited risks with our money.
Not all dead projects are dead because they turned scam, some are plagued with problems after launch, some failed to create awareness and not much interest on the project's use case, some teams have betrayers among them too, the problems that can drag a project down are many in numbers
Actually ,it is a factor that the objects that left behind should not be used today due to it is abandoned except for those who love to have old coins, however. even if we say old coins are dead there is still someone who gives on what is worth of it which means it also gives value to everyone when it was currently in demand. In connection with this, we may not be able to blame developers effort to improve or recycle a desirable coin because a real coin should always on top which is give an attraction to all investors to feel comfortable.
They are dead because they are half baked projects, many developers have different aims when they build tokens and most are interested in money only, some devs aren't even real developers, they don't have crypto knowledge but for that fact that there is money to be made in this space they forced themselves to create shit tokens, they will surely end up been called shitcoins
Number 1 reason is lack of funds, and there are 2 factors for me why that happened. Maybe the project didn't attract much attention that they only got a few investors. Or this can also be a scam project where they do a crowdsale and after getting enough amounts they abandon their project.
Top altcoins are the best for long term holding, it's not easy for a fresh project to go up into top 10 list today, projects like Avalanche and Polkadot climb up so fast because of their capability, team work and better blockchain experience, those are the projects that's worth holding for very long term, just take advantage of new projects for profit making sake, they aren't reliable
this is just my opinion....that most old coins are not worth for the long term as they depreciate in price over time.
Maybe we have seen old coins that was really hype and good at the time and the popularity is fading away by the time being and got knocked out by other coins. That's what happen actually.They don't have strong community, poor support of developers and some other stuffs.
Only Bitcoin and Ethereum are the exception, since they're still one of the most popular coins in the mainstream world. It's best to "hodl" these coins alongside new ones with active development and innovation, in order to prevent many undesired losses in the future.
I would say the other one is Binance or BNB. I think Binance is really good for HODL and since it is being used for trading on Binance then the prospect and potential is really high. - No Interest
- No Development
- No Solid community
- The project no use-case at all
Then for what's purpose, we need to continue or investing in an old, dead, and abandoned coin? Just leave it bruh,if you still try to continues with these type of project only can losing a money.
- No Development
- No Solid community
- The project no use-case at all
Then for what's purpose, we need to continue or investing in an old, dead, and abandoned coin? Just leave it bruh,if you still try to continues with these type of project only can losing a money.
I agree. Just leave them to save yourself from shard profit lose.
Most of the time, reality is the best basis to do investment.
Old coins with enough success evidence is much better investment than new coins without real use case and the trading volume is not even real. I'm not saying all new coins but some. If we know that the project is nearly dead, then better to leave than be dead your money with the project.
many coins die because the purpose of the coin is not objective so that the coin does not grow, to create coins is not only about profit, but must also prioritize the benefits of the token, people will not buy these coins if the coins are not the same benefit once.
The performance of a project will determine how long it's going to stay alive or probably forever going to be alive if it's very useful for the world, shitcoins will get delisted on exchanges as time goes on if there is no good use case, quality of a project is what speaks louder for a project not the team
The question is, how you are going to measure the performance of a project. Out of the 10,000 or so coins/tokens in existence now, only around 1%-2% are having real life usage. Remainder are used only for trading and for speculative investment. As long as they get pumped, these coins will be listed in the exchanges. And when the pump stops, gradually they will get delisted. 
The performance of a project will determine how long it's going to stay alive or probably forever going to be alive if it's very useful for the world, shitcoins will get delisted on exchanges as time goes on if there is no good use case, quality of a project is what speaks louder for a project not the team
The question is, how you are going to measure the performance of a project. Out of the 10,000 or so coins/tokens in existence now, only around 1%-2% are having real life usage. Remainder are used only for trading and for speculative investment. As long as they get pumped, these coins will be listed in the exchanges. And when the pump stops, gradually they will get delisted.
this is just my opinion....that most old coins are not worth for the long term as they depreciate in price over time. Only Bitcoin and Ethereum are the exception, since they're still one of the most popular coins in the mainstream world. It's best to "hodl" these coins alongside new ones with active development and innovation, in order to prevent many undesired losses in the future.
If you look at Bitcoin prices of altcoins, they aren't doing great in the long term. ETH had an ATH of more than 0.12 BTC, now it's stuck in 0.03 BTC zone, while Bitcoin keeps showing great performance. So, if you take huge risk that they can start crashing, without getting much benefits, because they perform worse than Bitcoin.
Right now, there are many old coins that are still alive. But they're often "under the radar" as people are mostly focused on profits rather than utility. There are many good coins like Namecoin and Primecoin, each with their unique features in the crypto/Blockchain space. AFAIK, there are no other coins like Primecoin with an innovative PoW consensus algorithm based on prime numbers. It helps our society with the discovery of prime numbers, putting PoW's "energy consumption" to good use.
Finding primes isn't super useful, and it's a pretty bad thing for a PoW algorithm - if one day someone will discover a faster way to solve this problem, pehaps with quantum computers, then they would able to hijack the mining. By using hash functions you at least get cryptographic guarantees of their security.
The performance of a project will determine how long it's going to stay alive or probably forever going to be alive if it's very useful for the world, shitcoins will get delisted on exchanges as time goes on if there is no good use case, quality of a project is what speaks louder for a project not the team
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