Some projects are fated to doom? - page 4.

Jackl87

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Sadly this probably happens to a lot of "good" projects that are really trying to achieve something or that are trying to create a crypto project with a real use case that offers their customers and users a nice experience and so on. In some cases a good project idea and a passionate team that really wants to deliver is still not enough though which is sad. Especially when at the same time absolute shit-tokens like Shiba Inu or BabyDoge are in the focus of a lot of people and have trading volumes of several million each and every day.
Maybe the project Energi is also one of those that sadly never really managed to lift off completely. It's price was at over 3 $ a year ago but since then it's falling slowly but surely.

yazher

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That's just how it is because they cannot become successful silmutaneously and some project need to take the loss because the other projects are working well and convenience. Unless they will not give up and continue to make it right until they become like samsung company in the crypto industry where it overtake everyone in the phone industry.

aprilnot

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

there is, and it's not a little. there are many projects that have experienced teams who continue to actively develop their projects, but they are not popular and are forgotten. this may be a fact that hype plays a very big role in determining the success of this project. the most famous of which is EOS. this project used to be one of the coins at the top of the list, but now they are way down. even though their team is still working, they never return to where they used to be, as if this project was forgotten only their loyal holders are still holding on today.

ANSEL_2.0

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There are too many crypto projects that introduced utilities that aren't even needed thats why many projects will fail on the long term, the moment people don't find usefulness to those use cases such projects will start losing investors fast and this will affects the project's trading volume and liquidity, later exchanges they are listed on will start delisting such projects one by one, let's learn to stick with very useful crypto projects.

ultrloa

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Not surprising to see those project fails if their created token doesn't have any strong utility to support its long term growth so even if they keep updating their platform with series of good contents but if they didn't provide any solution to convince their holders to hold or even burn their token to minimize the supply or stop the selling pressure then all will be useless and falling down is the ending of their project.

mk4

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Quote from: GEMIN_M4 on April 19, 2022, 03:28:25 AM

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

Though it's nitpicking, how is mere data a lie and not accurate? You're may not be wrong either, but you just nitpicked a different timespan to fit the narrative.

But the main point still stands. Handpicking cryptocurrencies is mostly hard, but if you can personally go in and out with good timing, then no one is stopping you.

ABCbits

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Hard work doesn't always equal to good work, especially when it's build on top of fragile foundation (e.g. clone another coin source code, fork existing coin network or token without any practical usage).

Quote from: GEMIN_M4 on April 19, 2022, 03:28:25 AM

Quote from: bitmover on April 18, 2022, 08:00:24 PM

--snip--

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

It simply mean NEO price ratio between 2017-12-17[1] and 2022-01-24[2]. 0.24x simply means NEO price ratio between those 2 date. While it's biased, i wouldn't say it's a lie.

[1] https://coinmarketcap.com/historical/20171217/
[2] https://coinmarketcap.com/historical/20220124/

GEMIN_M4

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Quote from: bitmover on April 18, 2022, 08:00:24 PM

Quote from: mk4 on April 18, 2022, 12:40:44 PM

A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

I agree, but I think it is somehow easy. Just stick with bitcoin.

I saw a post a few months ago which called my attention and I am now quoting it. From Dec 2017 to Jan 2022, only 4 coins are positive from the top 20.
BTC and ETH are the big winners.

So yes, most projects are fated to doom.

Quote from: BitcoinBunny on January 24, 2022, 06:54:02 AM

Dec 2017 Top 20 -> Compared to right now.
(https://coinmarketcap.com/historical/20171217/)

1. BTC 1.76X
2. ETH 2.96X
3. BCash 0.14X
4. XRP 0.79X
5. LTC 0.32X
6. Cardano 1.92X
7. IOTA 0.18X
8. DASH 0.08X
9. NEM 0.13X
10. MONERO 0.40X
11. BTC Gold 0.09X
12. Stellar 0.43X
13. EOS 0.25X
14. NEO 0.24X
15. ETH Classic 0.65X
16. TRON 1.6X
17. QTUM 0.18X
18. Bitconnect Scam: Gone.
19. Populous 0.005X!!
20. OMG 0.25X

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

pooya87

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails?

It depends on what you define as "hardworking". The scammers who scam a large number of people are also hardworking but that is not proper work and their project is obviously scam and is doomed to fail.
The point is that the project itself matters more than the work the team puts in. If the project offers a very useful utility then even with little work it would have a lot of potential. The reason why all the altcoins have failed to some extent in gaining any kind of adoption (getting pumped and having a big fake market cap is not adoption) is exactly this uselessness.

cryptoaddictchie

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Yes there are plenty. With all my experience with bounty campaigns. I could say that most of my campaigns that Ive participated are much higher on failure than success. But I cant say Im not a good hunter cause Ive earned some on those of legit ones and Im using now as capital for tradinf and investments.

Projects that are hard cored marketed sometime end up failure if there is no demand and community support.

Darker45

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I cannot give a name of a single crypto project, but during the time when doing bounty is attractive I used to hunt for good projects with good teams and good objectives. I needed to do this because I didn't want to spend more or less 3 months promoting a certain project only to get paid with worthless tokens in the end. It might simply be me who failed with my erroneous standard in finding the best project or it could be that the projects themselves failed despite their best efforts, but the point is that there are a lot of them.

bitmover

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Quote from: mk4 on April 18, 2022, 12:40:44 PM

A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

I agree, but I think it is somehow easy. Just stick with bitcoin.

I saw a post a few months ago which called my attention and I am now quoting it. From Dec 2017 to Jan 2022, only 4 coins are positive from the top 20.
BTC and ETH are the big winners.

So yes, most projects are fated to doom.

Quote from: BitcoinBunny on January 24, 2022, 06:54:02 AM

Dec 2017 Top 20 -> Compared to right now.
(https://coinmarketcap.com/historical/20171217/)

1. BTC 1.76X
2. ETH 2.96X
3. BCash 0.14X
4. XRP 0.79X
5. LTC 0.32X
6. Cardano 1.92X
7. IOTA 0.18X
8. DASH 0.08X
9. NEM 0.13X
10. MONERO 0.40X
11. BTC Gold 0.09X
12. Stellar 0.43X
13. EOS 0.25X
14. NEO 0.24X
15. ETH Classic 0.65X
16. TRON 1.6X
17. QTUM 0.18X
18. Bitconnect Scam: Gone.
19. Populous 0.005X!!
20. OMG 0.25X

firmino10

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elysian.finance

over the years since i first started investing in cryptocurrencies, i have seen a lot of good projects fail and it is not always due to the team.
Most of the time some ideas are just too early for the market and sometimes some projects are not just appealing to investors

hatshepsut93

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Look at the top projects of the past, like Filecoin, Namecoin - they were once in top 10 coins by marketcap and people genuinely believed that they will be useful. But those coins failed to reach any significant adoption and slowly faded into obscurity. Having a hard-working team is not enough if your idea is flawed at its core. And the fundamental problem of crypto is that it solves "problems" that most people don't care about, and it comes with a huge baggage of drawbacks that makes their cost-reward ratio unattractive.

Bitcoin_Arena

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I have seen so many such projects. In fact, I invested in some of them and took time to follow up with the progress, but in the end they just collapsed, especially during the previous bear market.

What I realized was that however hardworking the team is, if they project didn't have a great community or strong backing. It was bound to fail. Most of the projects are just useless ERC20 or BEP20 token with no real use cases or working products.

ololajulo

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SOL.BIOKRIPT.COM

Team and community are very important for lasting project in cryptocurrency. A strong team will always give roadmaps that can attract new investors and traders, also news sold are good for coin. Coin in top exchanges are likely to survive and thrive in more cycle. The larger and active the team, the more attractive to influencers and likely to sustain high volume trade.

jossiel

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

You can see those that are established and the new to be unknown of their future.

If you want to be sure in investing with those projects then just stay with those established projects so that at least you'll have the confidence that your money is worth to be there.

As for majority of the projects out there, it's been said and the same as your title. They'll be good at the beginning but with its development, there's a proliferation of rug pull these days.

isaac_clarke22

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Quote from: DevFile90 on April 18, 2022, 11:00:34 AM

~

I have been investing back then when I was still starting in crypto after my first purchase of Bitcoin. I wished I just stick to Bitcoin.
Many projects are just purely copy pasta of another existing project and that ain't going anywhere.
Don't even get me started about some meme coins, lol.

FirmWars

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Its same thing I keep telling new investors, many altcoins are going to bring you huge profits but do not think that they will grow big like BTC and ETH, altcoins have more profits but when they are at a all-time high always take your profits and put the profits on ETH or BTC, many altcoins will fade away in time.

mk4

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A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

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