Reason why only few projects became successful - page 4.

fortunecrypto

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Quote from: Winscosinally on August 08, 2019, 01:54:02 AM

Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

I agree they do not have real experiences to create a platform, in fact, some of these devs are just hiring coders to set up a platform or create a concept for their project, now in 2019 there are no real projects, that deserves a big buzz in the community, or will have a chance to hit the market big.

Danslip

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Few projects become successful, maybe the announcement of them is better than another, it depends on team and it can be on chance. Why chance? Because we saw Dogecoin was successful than other projects. Another project can work themselves, but Dogecoin was created only for joking. It can be only called a chance. We would say experience is also important, but if we make a little research, as mentioned above, we can see a lot of projects failed, that have a lot of experience and they were not scammed.

dnsokoljuk

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I think that projects become successful not for the reasons of good team, good product, but for the good management and a part of a luck.

Ben Shedly

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Quote from: Winscosinally on August 08, 2019, 01:54:02 AM

Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

Advertising. I think the reason is primarily in it. Even if a very weak project spends many millions of dollars on advertising with the help of well-known advisers, pays for advertising in popular online publications, attracts a large number of professional PR and advertising managers, conducts a good bounty campaign, such a project will be successful at investors.
"Now people pay more attention primarily to the bright wrapper of candy than to its taste."

cytpoway121

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You are very right
The situation in most cases is that project developers are all out to make the token pump and dump all supplies on investors

And it’s one reason why there are so many shortermism in crypto currency

pelumi20

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Left to me the main reason why only few projects succeed is because it is only few projects that offer value and real life use cases/usage.
A lot of projects gets listed in the cryptocurrency market everyday but most of them just offer things that are not yet available or achievable and expect to get accepted immediately. Forgetting that people are not concerned about your technology but the product you offer that can better their lives.

SirLancelot

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Quote from: Burogh on August 20, 2019, 09:54:48 PM

Quote from: Redemption59 on August 20, 2019, 06:33:40 PM

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all and this is why many projects that appeared to have good ideas failed in the end because they lacked the knowledge to move forward. Most of these projects too are also bringing what already exist in the crypto world instead of bringing something new and these are the reasons why only few projects with dynamics are becoming successful.

I agree that behind a successful project there must be an experienced developer team. New projects that emerge sometimes do not have an advisor or an experienced team in the cryptocurrency world so they cannot handle the complexity that occurs on the blockchain.

Those team might actually be good in the area of the business they are proposing, but many of them lack the blockchain application idea, and you see them hiring blockchain developer that does everything, and once the developer is done, he leave them to their fate, but because of lack of their understanding like the op said, they tend to have a bad management off it.

Before anyone can really think of applying this new technology first, they ought to have thoroughly learn about the blockchain and probably even take a course in it first before thinking of coming up with a system that will be a product of blockchain technology. I believe the newer projects would be learning now and be correcting the mistakes that made the older ones failed woefully.

gundala

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Not only in cryptocurrency, in any field, if it is not supported by an experienced team will not get the maximum benefit. Moreover, cryptocurrency is still something new, many people who want to use it even though they have minimal experience.
So we must be selective in choosing projects that we will support. Make sure the developer team is trusted, the network is wide, the strategy is good and the product is relevant.

UniversityCoin

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Quote from: Winscosinally on August 08, 2019, 01:54:02 AM

Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

Many projects fail only because their developers initially wanted to make a lot of money and not create a quality project. Thirst for money does not allow them to come up with something good and realize it.
Those developers who set themselves the goal of creating a quality product and, thanks to it, make some money - they come to success.

Black bro

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seeing from the progress that is running we certainly know very well, why only a few projects succeed,many new projects have stopped midway so there is no support, after a few moments then a scam happens

CryptoIyke

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I do not think being a pro team alone and having the experience is enough to make a project successful. Any successful project must have invested a huge fund into marketing and listing on exchanges. Most of the failed projects with good team usually do not have the fund and people have lost trust in ICO's, so not easy way to raise funds.

davinchi

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Quote from: Winscosinally on August 08, 2019, 01:54:02 AM

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

That’s why any time I see people bring up questions on how they can tell which project is worth investing , I usually see a lot of people mentioning whitepaper, but I always suggest that they first look out for the team and get to know who the teams are. I am not saying they shouldn’t check out the white paper, but knowing the team that are running the project is very important. Even scammers knows that, that’s why some of them will pretend to be who they are not until you find out.

A good team will be able to run a project perfectly with the experience they have had in the past, they will able to know who and who to connect and where to promote and how to sort out every problems they are having. But if you just go through the white paper, it might be very good , but as long as the team is just a bunch of newbies that doesn’t know what they are doing, they are likely to fail, despite having a good plan, because they wouldn’t know how to carry out that plans and where to start it from.

Even if others are newbies and there is one good person who is an expert in their team, then it’s likely that the project is going to be successful cause that one person will be able to connect the rest of the team to the pros in the business.

michellee

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Quote from: Burogh on August 20, 2019, 09:54:48 PM

Quote from: Redemption59 on August 20, 2019, 06:33:40 PM

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all and this is why many projects that appeared to have good ideas failed in the end because they lacked the knowledge to move forward. Most of these projects too are also bringing what already exist in the crypto world instead of bringing something new and these are the reasons why only few projects with dynamics are becoming successful.

I agree that behind a successful project there must be an experienced developer team. New projects that emerge sometimes do not have an advisor or an experienced team in the cryptocurrency world so they cannot handle the complexity that occurs on the blockchain.

Besides that, the team will not be afraid even if the market still at the bear market, and they insist on continuing the project no matter whatever the market situations. They need to hard work for the project and to make their investor satisfaction with their project so they can grow big in the future. But unfortunately, not many projects can realize that, and they choose to stay quiet than to explain what is going on with their project.

The investor will not be comfortable with that because they need to know everything about the project so they could still support the project. The team should give the right information to the public, so they don't think that the project will scam them.

shooleh

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It takes a team that has an excellent experience. Many projects fail because the managed team is not professional. In addition, many people are irresponsible and just want to earn money. Better stay alert and do some research before you join the project. And follow a team that is capable of working well.

Burogh

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Quote from: Redemption59 on August 20, 2019, 06:33:40 PM

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all and this is why many projects that appeared to have good ideas failed in the end because they lacked the knowledge to move forward. Most of these projects too are also bringing what already exist in the crypto world instead of bringing something new and these are the reasons why only few projects with dynamics are becoming successful.

I agree that behind a successful project there must be an experienced developer team. New projects that emerge sometimes do not have an advisor or an experienced team in the cryptocurrency world so they cannot handle the complexity that occurs on the blockchain.

Redemption59

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Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all and this is why many projects that appeared to have good ideas failed in the end because they lacked the knowledge to move forward. Most of these projects too are also bringing what already exist in the crypto world instead of bringing something new and these are the reasons why only few projects with dynamics are becoming successful.

whatthesith

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There is no space for every altcoin, only for the best one. Like in normal life, only few people become successful, there is not enough wealth for all, think about it in this way. Wink

aliceHortrex

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Quote from: sempak on August 20, 2019, 01:43:34 PM

Usually the main reason that makes the project does not work is due to lack of funding and results in failing to run the project. of the several projects that I have seen, most of the reasons are their funding. other than that the team is not serious in developing

I agree most of the success of the project depends on funding because developers need to pay something and advertising needs to be promoted. But it is also very important which product is the result and what is its feature.

DarkDays

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Quote from: rdluffy on August 18, 2019, 11:20:05 AM

I do not agree with you

For me it's obvious that projects fails at the most important thing to exist: What's the real problem that you project will solve?

You can have professionals, great devs, community etc, but if your project doesn't have utility, it'll die, no matter what

The great majority of successful projects have not even attempted to solve real world problems. I don't even think that's a consideration for most investors.

sempak

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Usually the main reason that makes the project does not work is due to lack of funding and results in failing to run the project. of the several projects that I have seen, most of the reasons are their funding. other than that the team is not serious in developing

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