Topic: Many old coins are dead and abandoned by the developer, WHY? - page 4. (Read 709 times)

We learned the hard way, I was so obsessed with planning to be a future whale so I kept holding every single altcoins I earned or mined, after three years of waiting all those coins goes down to the extent of no return, they are so far from recover and almost died, most new altcoins are bad for long term holding, one need to be careful with new altcoins

yes I agree with you. that's the reason investors are now wiser and won't put their money in projects that don't thrive. On the one hand, projects that are difficult to develop are usually because there is no market demand and will then be abandoned by the developer. There are many such coins and have been abandoned by their developers.

Coins die because they have neither utility and nor the interest of investors for profit. Even though we talk so much about use of cryptocurrency, the real utility and real life use of cryptocurrencies are very limited. Most of the interest and trade of crypto occurs for potential profit making. It's not that manipulate investors are destroying crypto but in reality there are just a few real dedicated utility crypto and every other are dishearten approach to make money.

Some projects that have raised million dollars of funds were also getting abndoned by the developers becausee their main intentiont to grab money. They have no competence to develop the product.
Even when they have got million dollars and they didn't wanna spend it and keep all of the funds in their wallet.
That's a scam. These kind of projects being created to scam.

This is one of the problems of altcoins.
Most of this projects are low market cap or even before they quite good market cap, but they are still slowly getting dead and abandoned. Some projects are also being abandoned because there are some new projects that are much better or overall got surpasses these old projects. I also don't blame old projects because they have the choice not to be outdated, there is always a room for growth and improvement.

There are many factors and reasons that result in project failure, closure or simply abandoning from the team or developers. Some of the main factors include:
Outdated business model.
Team disputes or team losing interest.
Use case not popular.
Bigger and better product in the market already available with no space for more projects.
Failure to attract large userbase or community.
Failure of team to follow roadmap and delievering on the promises multiple times.
Investors losing confidence.

There is a lot of scam among new tokens. Most of the new projects are created to raise money, and the future of such projects, as a rule, does not interest anyone, so they remain dead weight on the list of cryptocurrencies. Even at the start of the ICO, you can already determine what will happen to the project after a certain amount of time, just look at what it is, check the team, the website design and everything related to the project, check the whitepaper for plagiarism, and see ratings on icobench. If a project has a score higher than 4 there, then this is most likely a reliable project, and if it is not on this site at all, then it is unlikely that something good should be expected from such a project.

The simplest and most honest answers
- they are burned out from work for nothing (enthusiasm is not eternal)
- they don’t receive profit (you have nothing to eat on open source)

In fact, there are many different reasons. Fatigue from the endless development of a product that is used by one and a half people one of whom is your friend.
Lack of money for support and development.
Fatigue from the hype around cryptocurrency in principle and much more.

true, nobody is interested and also real use is the reason so many developers of a coin/token are leaving their product.  many of the developers who have their coins/tokens die, then make new projects again of course with the team and also different concepts.  currently, cryptocurrency is a business, so there is no need to fight for a coin/token that is not in demand, fighting for it will only make developers and investors lose more..

This kind of situation occurs especially when that project lost support from the community. So here's another question that raises and that is why people stop supporting the project? A crypto project should always be developing because our current world is evolving. Thats the main reason in most cases. No future plan and no development ideas or funds.

If a project is dead or abandoned, let it remain that way because it means that the team never had what it takes to build it in the first place. Also, if the team later comes back to revive it, that would be the best time to dump everything if you are holding and move on, because what they couldn't do in the first place, there is every possiblity they won't succeed in the second place. In addition, one of the things that lead to the death of old coins is, lack of ideas from the team; if you look at other old coins, you will realise the team are always looking for ways to keep it growing and valuable unlike others.
Furthermore, the aspect of investing what you can afford has been stated on frequently but most people still chose not to listen. The fact still stands that, not all projects are worth it, hence invest what you can afford to lose just in case it goes against your expectations, and funny enough in most new projects today the team are only here for themselves, just very few are here for development.

But not for new coins with the same development team, recently the new project has entered the top 5 highest volume on Uniswap but the project is managed by the face of the old team whose project failed. IMO, people don't always judge a failed project team as bad but the team has said the reason the project used to fail was because of the bad market last year, now investors have forgiven it and started the next new step with a new project.

It takes more than good technology, you also need a good community, good leadership, a use case that can produce profit, and good tokenomics. If a project has failed it's likely because of at least one of those points. Also, most older projects have already had their pump. If you want to get rich in crypto, you need to invest in projects with potential that haven't pumped yet, like 0xMR and UNCX.

Not to mention shit tokens, two great examples of what called "dead project left by devs" came into my mind:
1)The first is Doge Coin; developped many years ago but updates stopped due to lack of devs. The project is still alive and has one of the greatest status in the crypto market. Has some good features but hope users keep running their nodes to maintain the network [fast transaction+cheap fee].
2)Second is Grin Coin; a new lunched project but seems to be left by a large part of its community after many similar projects have been lunched using the same protocole [Beam project]. However, it can survive again if the actual devs succeed to make it friendly use.

Most projects were opened with one goal - to raise money from investors and finish the work. Another part of the projects, despite the fact that the team made every effort, but could not attract an investor to their project, was abandoned due to lack of funding. Therefore, you should not expect that such projects can be revived after they were abandoned.

Yes, stop dreaming and continue with another coins. There is no way that an abandoned coin will be revived again. Even if they were able to, it is hard for them to gather investors again as investors will be careful or maybe distance themselves from abandoned projects because it might be abandoned again once the developers get money again.

Don't expect anything on projects that have died or been abandoned by the team because the team that has left will never come back, even if the brand returns, the rest will not attract investors anymore
old coins that are dead are forever dead

because developers prefer to make new coins and leave the old coins that they make themselves. and all this is nothing but the shape of the crypto market scenario. so don't be surprised if you see new coins or old coins die or even then revive them, especially now the Defi trend. people easily use the concept of Defi as a fraud.

- 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.

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.