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?
Topic: Many projects are dead? - page 89. (Read 11973 times)
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?
Indeed, every project should have good training to withstand the market when it improves and the market is less friendly, so it should be considered and coordinated by the team and developer so that under no circumstances market conditions remain at its work.
Of course many projects are now dead due to several reasons that might have led to that. Most of the reasons stem from the fact that the project was ran by inexperienced team members who could not carry the project to its full realization. Others are also dead because they could not reach the soft cap or hard cap which was meant to take the project to its goal.
Not only is being inexperienced the cause of some dead projects, also lack of utility and fake team members also contribute to the pitfall of most projects.
Not to say that the dead, but low-profit or leaving the market for sure! Although the dead cryptocurrency is also there, but no one buys.
There are several kind of projects in the market. Some projects don't have a real value or they can simply become scam projects. Or with the time simply they will become useless projects and the coin will dead.
Yes, there are crypto currencies that have not gained popularity and no one wants to use them.
I wonder why they easily do ico without preparing it carefully from various aspects of very detailed, whether they are just looking for profit from the ico that is becoming a trend?
A lot of Scam is present now.Many of them are cleverly disguised as good projects. The pyramids in the short-term may give a big profit.we need to get out of them in time.Buy top coins and for a long time.
not all projects will be successful even if the ICOs are successful it can still failed on the long run. when projects have no special use in society it will fail. there are coins that after it hit exchange price goes dip and don't recover.
Yes, when we are analyzing the market, we can see many dead coins everyday coming from the tokens from ICO mostly. We cannot judge that the coins from ICO are not worthy. It will be worthy if the coins can survive in the market. Whatever the condition, market and its flows become the goal, not only the ICO time. Most coins with the good products and offerings are still good to see in the market. they are still surviving. but the coins with similar projects, I think they cannot survive well and dead.
Of course, it is the norm in this volatile and spontaneous market, as there are no regulations or guidelines anyone who knows how to make a decent website, has a marketing team and can steal several white papers to create their own can make a successful ICO, and when you have enough cobras investors and you disappear, that's why we have to be so vigilant with shady projects to avoid falling into any scam that only damages the reputation of the rest.
Yes, I agree to this. A lot of projects have already died out and as time goes on even more of the projects will die out. A lot of the new projects that you are seeing now will end up dying out in a couple of months or a couple of years because then no body would be using or investing in the coins. This is why you should do a lot of research into any coin that you are putting your money into.
Thats true, the project has no value and purpose, they only created it for making money.
This is true and why most times I love bittrex. Once the developers are not up and doing bittrex delist immediately. Most projects were just for mare sake with no true value to the crypto space hence why they folds up
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?
Market condition is not good and perhaps they don't have enough preparation to launch ICO project. I still trust the project but I have rules and limit to keep my asset safe and get minimal risk when enter the market. This time join project is not good, leave it and replace your money into currency. Wait and see but never lost faith with crypto.
This is very good advice, and to keep sanity and sanctity of market alive we all need to believe and retain our faith.
I think that Coinmarketcap most likely decided to delist some coins that were not being regularly traded. Centra was a shame that they got halted, their ICO process may have been flawed but they had brought a working product to market and were doing things properly at that point.
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?
And among those still on coinmarketcap, many are dying too. I myself only invest in the project I love and trust, especially new and low-cap altcoins. I never buy into ICO.
I think a lot of the projects that appear in the coinmarketcap are fraudulent. Because they don't want even simple information to be published. It was clearly a hoax. The swindle will die in a short time.
invested some and i didnt got scammed, its the way you research to avoid to get scammed but bitconnect was an obvious scam from the start since a simple google search you can see it was connected to ponzi websites.
personally, before joining a project I will check the project that will be followed. first I will check the whitepaper because there is a lot of information about the project. besides, we also have to see the team that handles, whether it can be trusted or not. to invest in a project we have to be careful in order that not to get a scam project and not get the loss. which would we do is we must be smart to choose a good project.
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