Topic: Many projects are dead? - page 22. (Read 11986 times)
You can safely invest in the top 100, and the rest of the coins just to sell.
There is no way that people will stop creating new coins, even when situation is that bad. That is why we need third parties to control this process.
Still depends on the project its project per project you must treat every ICO that comes to your way there is a project that is meant to be pump and dump and there are projects that are for long-term holding you should know what kind of tokens you are investing for short or long term.
This year there were too many projects and all of them only relied on the same way to get money namely ICO, this made ICO competition very tight and difficult so many projects failed to reach softcaps.
it is not hard to check.
1. go to the project chat group, check if admins are working and replying actively.
2. if project is open source - check their Github page
3. check how much is done according to the roadmap and if team are in charge of their promises.
4. check how much developers were hired since ICO/project launch.
1. go to the project chat group, check if admins are working and replying actively.
2. if project is open source - check their Github page
3. check how much is done according to the roadmap and if team are in charge of their promises.
4. check how much developers were hired since ICO/project launch.
Currently on the coinmarketcap site only about 1590 projects compared to at times more than 1700 projects. They have left many projects without developers or scam projects. I personally invested in some of these projects and lost a lot of money like bitconect and centra. Do you trust the projects you are investing in and will keep them for a long time until they succeed or are they just looking for profit in the short term?
Yes, that is true - most of projects are scam. Why they come? Because cryptocurrency market is young and there is a lot of not professional investors but who have a lot of funds because they was an early investors in BTC or ETH. So, such people a soldiers of lucky and they simple receive money and ready to simple to spend it in scam ICO's without discovering.
The cryptocurrencys market is interesting to people because you can earn on a coin during the listing on the exchange, after the ICO. Most people sell and forget about the project. This is one of the causes of death of some coins / projects.
I suggest invest in a project that want to have their own blockchain like eos. I am sure it is worth it to hold for a long time and I think you will earn a lot if you invest in that kind of project. Stay away for now in projects that will be use as a payment in their business, because the trend of ico for now is becominh weak.
CMC now states more than 2000 projects but actually there are only those who were accepted due to Coinmarketcap politics and characteristics (volume, etc) but there are more projects in general. Part of those that are not listed in cmc are live and the team is working but their tokens have low volume and cannot be listed on the other hand CMC constantly delists projects that have little volume but this doesn't always mean the project is dead.
I consider that cryptocurrency area need some time to eleminate all the bad projects, so new ones would have opportunity to grow and prospere.
Yes many projects are dead on arrival because they fail to do their work very well. Many projects recently are scam not with real product or app. What most of the team do is to run with investor hard earnings. Most of the projects which are not scam are dead because they can not withstand the market pressure
Currently on the coinmarketcap site only about 1590 projects compared to at times more than 1700 projects. They have left many projects without developers or scam projects. I personally invested in some of these projects and lost a lot of money like bitconect and centra. Do you trust the projects you are investing in and will keep them for a long time until they succeed or are they just looking for profit in the short term?
dead only those projects which are created crooks. those projects that were done well and provided great ideas that currently exist, operate and earn. it all depends on the creators
It’s hard to say that the project is waiting until they start up completely, because most of them are listed on exchanges before the project itself is launched, so the prices of their tokens fall!
Currently on the coinmarketcap site only about 1590 projects compared to at times more than 1700 projects. They have left many projects without developers or scam projects. I personally invested in some of these projects and lost a lot of money like bitconect and centra. Do you trust the projects you are investing in and will keep them for a long time until they succeed or are they just looking for profit in the short term?
unfortunately, this is true and now a lot of projects simply disappear. but I think it's normal and it's just a normal cycle. I even see it now as a normal formation. but everything can change as quickly as possible
Many more scam projects will come to the arena.. but the point is you have to investigate before investing. If there are thousands of projects on the market, then you don't have to expect ALL of them are legit. I advice to invest into solid product and team behind the project itself. I like how ARROUND project https://arround.io for a sample if good and useful. Practical for day to day life and targeting the augmented reality with blochchain tech. But it has a good team of experts too. So be careful whenever you wann support a project.
arround is a good project with a good team, Certainly this project will be successful this year. And with what I'm looking at it, the next 10 days ICO arround will end. But with this market I'm afraid that the price of arround will fall down after listing at the first exchange
Many projects most likely simply do not have the desire to talk about what will happen in general and how, because it often happens that cryptocurrency projects are simply not going to talk about small achievements, everything will be only when they are 100% complete. something
If you take a look at the road maps of many projects, then they were developed before 2018, that is, in fact, the development of most projects has stopped..If the project does not have a strong community and a good PR campaign, then you should not expect to receive a profit from them.
With the present market condition, I think more ICOs would die but this should not be the reason to stop believing that there will be good ICOs that will continue and last for a long time, we just have to be diligent before investing.
Many more scam projects will come to the arena.. but the point is you have to investigate before investing. If there are thousands of projects on the market, then you don't have to expect ALL of them are legit. I advice to invest into solid product and team behind the project itself. I like how ARROUND project https://arround.io for a sample if good and useful. Practical for day to day life and targeting the augmented reality with blochchain tech. But it has a good team of experts too. So be careful whenever you wann support a project.
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