Topic: My eye opening advice about crypto projects - page 2. (Read 490 times)
Now that your eyes are wide open what are you going to do now?
I have some plans but there is just nothing that will prevent teams from dumping and scamming. Even the campaigns today aren't really that convincing that the team will not run with the money they collect and dump their tokens before abandoning the project. The only thing a bounty hunter can do is only join the BTC paying campaigns.
Eye opening advice indeed, long time ago I was so interested in what OP talked about on his list, max supply, advisors, crazy analysts that are too misleading but these doesn't matter anymore today because they aren't the reason why a project survives, the only thing we should acre about is utility ( Real Use Case )
But even big partnerships doesn't seem to go well at the end. However, listing the project in top exchanges is also one of my way to spot if the project will be successfully made or not. Projects before are way different from today. Despite of all the criterias, we can't deny the fact that they should push to make it hype. With all the hundreds of projects today, looking for their products and objectives, we can probably see if one will survive or not in crypto space.
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
This is my eye opening advice since 2016
What you've mentioned are now the norm or the qualifications partnership with a highly reputable exchange like Binance is a big must or a big factor for the life of a project, usage will differentiate it from other projects, once investors see that the project is just a hype or a copy of other dead projects, that spell the end of the project.
I agree with the utilities, we haven't seen any project that has real life usage or has a complete use case. Almost all of the projects that are mushrooming are simply a copy of previous successful projects. But what makes it sad is that there are still a lot of inexperienced investors that still fall for this kind of frauds. They thought it will be the next big project, jump on the bandwagon without research and then complain when they have lost a lot of money.
Most people who jumped into a serious conclusion about a particular project has no proper knowledge and experience. Unlike to those old folks who been able to take adequate failures, is those who take more precautions rather than newbies. So self study is the best ways to prevent any scam project take their potential victims.
The creator of this thread has been mentioning the correct thing about what already changed since last year.
For me, what matter is these 3 things: The exchange where it is listed so I make sure that the exchange is reliable and there are no issues of it, next is the volume because I want to know if I can get in and out easily in trade and third is its market capitalization. By considering this factors, you can easily avoid not good coins or project and you can lessen the risks that you are taking.
The scam projects and the shitcoins around the market are continuing to increase, by having enough knowledge for sure we can identify what is a scam project or what is a good coin and avoid scam projects and some altcoins.
The scam projects and the shitcoins around the market are continuing to increase, by having enough knowledge for sure we can identify what is a scam project or what is a good coin and avoid scam projects and some altcoins.
Utility is the best part to take very serious when investigating any new projects, this is what will determine how long the project will survive in today's market, investors are now smart, once they see that a project have no good demand in the market they will go for other project
utility means the usability for the platform to adopt its token and give it the utility usage that any holders can also take the advantage from their tokens. This is a very important thing that more than a technical thing. This is related to the product development
Yes, of course, it all goes down to the Main Idea of the project what it is use cases and purposes. But those things you have mentioned above are key points to build a good community and supporters. Especially a good partnership, If you have a reputable partner right now and you can launch an IEO on top exchanges, you are attractive to possible investors. To survive in you need to build trust first, I knew there are so many waste ideas with no support and trust,
To build trust you need to show some results or progress, otherwise you'll lose the investors as these people will always find good projects that could make them profitable, and knowing that the competition has been increasing already, projects that are not living with the competition might just fail in the end.
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
Exactly, I absolutely agree with you. Sometimes, project teams offer very complicated projects with very promising development in the future, but they are nothing after the token sale ended. they are not listed in any exchanges and gong to die. Although they offer professional teams with the very good whitepaper, but it will be nothing if after token sale over, they have no exchange, no real use utility, and also no big partnership. But now, fortunately, several new projects have been gaining these things. Many new projects use IEO and they also choose the moderate exchange to top (although some still list on shit exchange). It is a good move. A new project listed on the good exchange will have a chance to grow well because people will believe in the coin because of listed in the trusted and big exchange. Moreover, it is also supported by the good partnership news and also its token utility for real use, they will have a better increase every time.
Yes, of course, it all goes down to the Main Idea of the project what it is use cases and purposes. But those things you have mentioned above are key points to build a good community and supporters. Especially a good partnership, If you have a reputable partner right now and you can launch an IEO on top exchanges, you are attractive to possible investors. To survive in you need to build trust first, I knew there are so many waste ideas with no support and trust,
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People now had learned already from their failure in the past that somewhat push them to more vigilant. People now are asking for assurance and that they need to see how this project having support from reputable exchanges. Because they know that most projects that have backup by exchanges have a big chance to grow unlike it happens to those who have not.
We get many lessons from the current market situation. The number of frauds, the project failed because of strength and weak support, made crypto enthusiasts more selective in choosing projects. No longer focused on the total supply and function, but also partners and other support.People now had learned already from their failure in the past that somewhat push them to more vigilant. People now are asking for assurance and that they need to see how this project having support from reputable exchanges. Because they know that most projects that have backup by exchanges have a big chance to grow unlike it happens to those who have not.
A recent trend that is quite popular is seeing the team and the support or partners of the project. For example, there is a project that officially announces that it is working with a trusted company, such as Binance Labs, which will definitely get more intense attention.
I agree with the utilities, we haven't seen any project that has real life usage or has a complete use case. Almost all of the projects that are mushrooming are simply a copy of previous successful projects. But what makes it sad is that there are still a lot of inexperienced investors that still fall for this kind of frauds. They thought it will be the next big project, jump on the bandwagon without research and then complain when they have lost a lot of money.
Most people who jumped into a serious conclusion about a particular project has no proper knowledge and experience. Unlike to those old folks who been able to take adequate failures, is those who take more precautions rather than newbies. So self study is the best ways to prevent any scam project take their potential victims.
Utility is the best part to take very serious when investigating any new projects, this is what will determine how long the project will survive in today's market, investors are now smart, once they see that a project have no good demand in the market they will go for other project
utility means the usability for the platform to adopt its token and give it the utility usage that any holders can also take the advantage from their tokens. This is a very important thing that more than a technical thing. This is related to the product development True, but I don't think you should bring into factors utilities (by utilities i guess you mean use cases and what it is going to do? ) and exchange listing.
The project can always come up with mind blowing ideas, but most of them are actually quite not possible to achieve with their current team. Those are just "all talks".
As for the exchange, we have seen coins being listed on some well known exchanges, but ending up dying. So, I would say, one should take these two factors lightly.
The project can always come up with mind blowing ideas, but most of them are actually quite not possible to achieve with their current team. Those are just "all talks".
As for the exchange, we have seen coins being listed on some well known exchanges, but ending up dying. So, I would say, one should take these two factors lightly.
I don't think you should take lightly about the use cases of a certain project. I believe that is one of the important things to look at any project. Without strong use case in the market, the project will not survive. If it is mere trading and just "all talks", I don't think they can sustain the interest of their supporters. Actual application will attract more users as long as they have significance in their daily lives. Without this, I don't think the lifespan of the project will be long.
You can't rely on new projects to runs as what it is intended to be that is why they fail and investors regret to put their money. Investors are now smart enough to consider newly created projects that have good advisors, partnerships, but for now, they are looking at how this project runs to see its potential.
People now had learned already from their failure in the past that somewhat push them to more vigilant. People now are asking for assurance and that they need to see how this project having support from reputable exchanges. Because they know that most projects that have backup by exchanges have a big chance to grow unlike it happens to those who have not.
People now had learned already from their failure in the past that somewhat push them to more vigilant. People now are asking for assurance and that they need to see how this project having support from reputable exchanges. Because they know that most projects that have backup by exchanges have a big chance to grow unlike it happens to those who have not.
I don't think OP get the gist of crypto all that well...
Most of the ICOs that came forward in the ICO rally times went bust for the simple reason that they didn't focus on supply economics and didn't have a good algo to support their purported utility.
The whole 'utility' alt-coin is not much more than a sham. There isn't much into the utility of any alt-coin at the moment. No matter how innovative or how well networked its team is.
Crypto is good for some payment solutions but altcoins that start on the premise of providing a utility on launch fail.
The single most important thing to maintaining trustlessness, the foundation of cryptocurrency, is to have a good algo.
Building upon that, token distribution is also very important. For sure nobody would want to hold much of a coin that a corporation bagholds in epic proportions.
Most of the ICOs that came forward in the ICO rally times went bust for the simple reason that they didn't focus on supply economics and didn't have a good algo to support their purported utility.
The whole 'utility' alt-coin is not much more than a sham. There isn't much into the utility of any alt-coin at the moment. No matter how innovative or how well networked its team is.
Crypto is good for some payment solutions but altcoins that start on the premise of providing a utility on launch fail.
The single most important thing to maintaining trustlessness, the foundation of cryptocurrency, is to have a good algo.
Building upon that, token distribution is also very important. For sure nobody would want to hold much of a coin that a corporation bagholds in epic proportions.
There are many things I don't care about anymore in crypto projects
1. Algorithm
2. Max supply
3. Advisors
4. Analysts
5. Unknown or not popular partnerships
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
This is my eye opening advice since 2016
1. Algorithm
2. Max supply
3. Advisors
4. Analysts
5. Unknown or not popular partnerships
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
This is my eye opening advice since 2016
The conclusions are fair and insightful. If I was going to look into projects these will be on my own list of criteria to check. Partnerships is a great one because I find that bringing a project to life without having connections to well established allies is almost impossible. Libra initiated by facebook is a great example of these crucial partnerships. The take home philosophical message is to read both the big and the small print!!!
There are many things I don't care about anymore in crypto projects
1. Algorithm
2. Max supply
3. Advisors
4. Analysts
5. Unknown or not popular partnerships
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
This is my eye opening advice since 2016
1. Algorithm
2. Max supply
3. Advisors
4. Analysts
5. Unknown or not popular partnerships
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
This is my eye opening advice since 2016
I agree with you but still I wish to add something to the first point, that is algorithm. Well, to me algorithm is a very deciding factor because if the algorithm is not perfect how can the platform work and if the platform can't work appropriately, how can the utilities work?. Although the hype about algorithm has slowed down a bit but it is still very important in every platform. I totally agree with the fact about exchanges because one good thing about exchanges is the users within it and therefore listing on top exchanges known to have large users will surely bring more exposure to the project. Other factor such as partnership, also matters but I feel utility and exchanges matters most.
Partially I don't believe in all those theories, this days is very hard to predict any project, I don't think you can determine the future of any project with all the listed factors. I support checking coinmarket, top exchange listing, partnership and team, they are the main factors to know before investing in any project
Everyone has a different perspective in terms of seeing the project, indeed in this year all the things you mentioned have changed drastically when we compare it to 2016, but the things you mentioned must also be seen apart from Utilities, Partnerships Great and Top exchange.
When it comes to investing, you must consider everything because having a good exchange doesn’t guaranteed at all and investors still looking for the team of the new project, and the total supply of a new project. Personally, I made a lot of research before I invest and the hype of getting into big exchanges is not good at all because it will fade away later on. My eye opening with the new project is that, the hype is high during their first months and after that, if they are really good I must see the continues growth over time. Jump to: