Topic: My eye opening advice about crypto projects - page 4. (Read 453 times)
Projects get listed or promoted on top exchange has more chance of success rate but it doesn't mean that every projects on top exchange will be successful, as you said utility plays major role than anything but in 2020 what we are getting in new projects are just the old idea with few modifications that is why we also need to check the uniqueness of the idea.
1. Advisors
Honestly it's been vain all along choosing projects become of an advisor, popular or not it doesn't matter anymore, what matters is the real use case of the project
2. Analysts
I've know analysts to be not very good with their predictions, the fact that crypto remains unpredictable means that analyst are useless
Honestly it's been vain all along choosing projects become of an advisor, popular or not it doesn't matter anymore, what matters is the real use case of the project
2. Analysts
I've know analysts to be not very good with their predictions, the fact that crypto remains unpredictable means that analyst are useless
Utilities will be the only answer for surviving in near future, any projects that failed to deliver good use case will have big problem and likely get abandoned by investors and holders
I think utility should be number one feature to look out for because in the very near future this will be the driving force of projects, any project which have no utility will find it difficult to survive, only demand can bring about a healthy price growth, if this is absent then that project can only survive temporarily.
Some projects have useless partnerships displaying on their IEO websites, some are even fake, using stolen companies icon without their real consent, I don't trust partnerships unless they are well known or very popular
The problem with majority of new crypto projects are
1. Useless use cases
2. Listing on bad exchanges like p2pb2b exchange and Exmarket
3. Lack of good partnerships
4. Too many repetitive ideas
1. Useless use cases
2. Listing on bad exchanges like p2pb2b exchange and Exmarket
3. Lack of good partnerships
4. Too many repetitive ideas
That's a vital information, we still need that information although it's used to hype people.
But then, if we do the right research, we will not fall for the wrong project and as the fact says majority of the projects fail, we should be wise enough to study before investing, that would not guarantee a success but at least it should help us in minimizing the risk.
As an investor, I don't usually focus on one project only, even how good or how hype it is they are all the same, learning to diversify is what I do as I have matured, been here in the crypto market since 2015 so I believe I have seen and learned a lot already.
But then, if we do the right research, we will not fall for the wrong project and as the fact says majority of the projects fail, we should be wise enough to study before investing, that would not guarantee a success but at least it should help us in minimizing the risk.
As an investor, I don't usually focus on one project only, even how good or how hype it is they are all the same, learning to diversify is what I do as I have matured, been here in the crypto market since 2015 so I believe I have seen and learned a lot already.
You have to find your own way in crypto space, do not follow any analysts predictions, you can learn one or two things from them believe in yourself, most times analysts are very confusing and misleading
5. Unknown or not popular partnerships
It may worth mentioning that one has to properly check about the partnerships.
I remember there are coming out news now and then about Ripple partnerships with big names, news solely for pump and dump, since those partnerships usually don't happen.
If all projects follow your advice, then instead of at least some idealism, we will get millions of tokens that serve as a replacement for money and do not differ in any way from synthetic exchange instruments, and if even simpler, they do not differ from air with the taste of success. The market is already oversupplied - and now projects are at least trying to attract new customers in addition to the fact that "Oh, we are working with [exchange-name]"
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
That's true, What you have mentioning in your thread like utilities, partnerships and exchange site will be very needed for the long term progress of the project. A lot of things have already changed and it looks like we must started to ignore the technical analysis as the mostly the market sentiments were coming from the news related to the product development 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've made few mistakes in the past like relying on Analysts before investing on anything without doing my own research first, it just make me realize how badly I was without any clue about what makes a project better and attractive than others
That's a big no-no, don't rely on market analyst, most of them are paid anyways, you everything they spew is nothing but garbage and just to shill for a certain coin. And once you get trap it will be really hard to get out, unless you're willing to suffer a negative.
As far as the OP's advice, yeah, I do hope that new investors will really do their research first. We are no longer in the 2016-2017 wherein there are a lot of crazy and irrational investors. We need to mature if we wanted to stay long in this game and more money for us.
It's no lie that back in the days advisors can drag a lot of hype on a new crypto projects making this the most interesting and effective way of driving awareness to a project back then but now it's no more working be you anybody it won't change a thing
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.
Good one OP, years back Algorithm can make one start buying a coin thinking the more the mining difficulty rises the scarce the coin becomes, it doesn't work this way anymore, for any coin who doesn't have good use case will fade away fast nowadays, investors are more smarter now
Good factors and advice. The exchange where the project and team desires to get in should be a big factor. Most of the projects that we have seen and just list their tokens to an unpopular exchange doesn't gain the traction.
But for those that launched their projects through IEO in Binance and other popular exchanges mostly get the spotlight. The utility or the use case is a great factor because that's the main reason why a token has been created which will serve as its purpose.
But for those that launched their projects through IEO in Binance and other popular exchanges mostly get the spotlight. The utility or the use case is a great factor because that's the main reason why a token has been created which will serve as its purpose.
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
Jump to: