crypto is still in a state of emergency, the market is still bleeding. that is why new projects are now very difficult to run as expected. and again, investors also still don't believe in new projects because there are many scam and failed projects that make investors experience a lot of losses.
so investors now prefer to save their money on old coins that are not too risky to be lost or die.
Topic: What is happening to new projects? - page 19. (Read 5849 times)
These are the reasons so many new projects end up dead or failed
1. Lack of devotion
many project teams care less about the project success and care more about their own pockets
2. Lack of professionalism
Some devs always end up looking for teams through websites like linkedin that anyone can just create and put up something they don't know very well as their life jobs on the website and you start contacting them to be part of your team, in the end they are really not who they claimed to be
Even some devs are not professional too, they end up screwing things up faster and even projects with fake teams
1. Lack of devotion
many project teams care less about the project success and care more about their own pockets
2. Lack of professionalism
Some devs always end up looking for teams through websites like linkedin that anyone can just create and put up something they don't know very well as their life jobs on the website and you start contacting them to be part of your team, in the end they are really not who they claimed to be
Even some devs are not professional too, they end up screwing things up faster and even projects with fake teams
It's not just scam projects, other decent and revolutionary projects that have what it takes to soplve many of the problems in crypto suffer through lack of funds. Ico's are mostly scams and raise a lot of money. Honest projects don't scam money and then can't copete because of the greed of many exchanges out there. The listing fees are crazy. Then you have the youtubers and influencers who charge absolute fortunes just for a 30 second mention. So marketing is a problem too. Ultimately many good projects don't even get to be known and fall away. It's a real shame but crypto is riddled with greed. a decent coin that tries to distribute it's coins fairly will also suffer because they might dpo bounties and airdrops. These get stripped by the hunters who have no interest at all in the coins features. Only wanting to dump each time they get their coins.
We are trying our hardest to make our project fly. We have a great and open team and really think we have answers to many of crypto's problems right now. But it will come down to how well we market ourselves and how we spend our meagre funds to further the project. And it's the same for other well thoughout and fair projects out there
We are trying our hardest to make our project fly. We have a great and open team and really think we have answers to many of crypto's problems right now. But it will come down to how well we market ourselves and how we spend our meagre funds to further the project. And it's the same for other well thoughout and fair projects out there
What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
Now is a very difficult time for the cryptocurrency industry and therefore many people are afraid to make investments in projects that conduct ICOs, but projects that conduct IEOs on top exchanges such as binance, here people invest their money in such companies, and at the moment all these companies who conducted IEO on top exchanges are developing well, so just a good product is not enough, you also need good marketing to attract investors.
Personally, I think new projects that are affected by old projects are mostly due to failure to raise capital successfully and partly because of frauds caused by ICOs, it's difficult when new projects are good. but adversely affected thinking that investors are less interested in new projects.
We cant really tell whats gonna happen in the long run of the business, maybe they just luck the marketing or they stop marketing, they should understand that marketing is the best asset in order to survive whatever business they have, they just miss the ride i think, and they should come up and idea in order not to stop the business, still community support is an important thing in crypto world, without it, business may fail in due time.
...many scammers copy back old white paper projects and change them back to make them look real. sometimes it is difficult to distinguish correctly.
We can't deny the fact that there are frauds in the environment, besides this is how these people work for them to live in a high standard community. Not just those copy pasted whitepapers can do that crime, also the new ones who has some freshly baked proposals until they get the money that they want they'll eventually throw everything out without thinking that they could even gain more if they seem to be legit and continiously run those projects.
What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
I ask you these. The projects you say are good. Are they currently under development or they are fully functional? Investors are wiser now. If you start a token sale without a project that is already started operations at least, chances are that it will fail because those investors that buy it will be after instant profit since they are aware that devs are cunning and can dump the price. Only projects that have at least started functioning that investors will take seriously
Maybe i agree with first sentences. Nowadays new projects looks like created to raise money and then died. Maybe if something like this keep happened, crypto itself wouldn't very good because investor will lose their trust about it. And what we aim is mass adoption so crypto itself can be used by a lot of people.
that's right, right now there are many projects that seem to have been created just to raise some money and then die and go back to making a new project, then die again.but if we look at it from another side, this actually happens because the market is in a bad state.
so, this has a very bad influence on the development of new projects although the project looks good, investors are not interested in investing because they are more focused on old coins such as ethereum and bitcoin. that's why many new projects now can't develop.
as you already said that many scammers copy back old white paper projects and change them back to make them look real. sometimes it is difficult to distinguish correctly.
yes The bearish market can affect the adoption of crypto, but if a new project cannot be developed properly, the answer is only on the developer and the project team, because they have full control over the project. if they cannot drive properly, of course the project cannot function properly. , it's just about how the team manages their project and can restore investor confidence back, so that the project has hope for the next good growth.
What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
One factor is that when they face or encounter hardship and they lose drive. Hope our VOUC token project will not fail and end like those you said.
Maybe i agree with first sentences. Nowadays new projects looks like created to raise money and then died. Maybe if something like this keep happened, crypto itself wouldn't very good because investor will lose their trust about it. And what we aim is mass adoption so crypto itself can be used by a lot of people.
that's right, right now there are many projects that seem to have been created just to raise some money and then die and go back to making a new project, then die again.but if we look at it from another side, this actually happens because the market is in a bad state.
so, this has a very bad influence on the development of new projects although the project looks good, investors are not interested in investing because they are more focused on old coins such as ethereum and bitcoin. that's why many new projects now can't develop.
What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?
Maybe i agree with first sentences. Nowadays new projects looks like created to raise money and then died. Maybe if something like this keep happened, crypto itself wouldn't very good because investor will lose their trust about it. And what we aim is mass adoption so crypto itself can be used by a lot of people. What i still don't get is since altcoin market is in a very bad shape and the only way out for developers is good market movement and better fund raising why did they keep releasing new projects in this bad market time? its better not to release projects now and wait for good altcoin season for better result just like in 2017
Few good projects came into crypto world after bear market took over in 2018 after btc ATH and they are still doing very fine till date,the problem is major new projects developers are not professionals they are claiming to be, many of them just have little ideas they thought will be enough to bring a project to its success but along the journey they realized its more than they can handle
why the heck would they fail if they are created to be a good project ?
It depends on what you call to be good, in general or the project itself. Some projects who have failed so far has some quite good features that may bring another step to economy, its just that some of them are having problems and issues on the team, maintenance and whatsoever it is. I have seen so many projects that can be considered to be good bjt they failed to run it, and besides not all projects collects money from the public to support their needs. Some project owners wastes their own money instead.
Just as the previous comments it depends on what you consider to be good.
What i still don't get is since altcoin market is in a very bad shape and the only way out for developers is good market movement and better fund raising why did they keep releasing new projects in this bad market time? its better not to release projects now and wait for good altcoin season for better result just like in 2017
Its not all failed project are to be blamed, many new projects are indeed very good but they are been affected by present altcoin situation, to be frank altcoin market is not in a very good shape at all so this will be a big problem for many startup projects unless the devs have enough funds to go with highest exchanges like binance for IEO fund raising
why the heck would they fail if they are created to be a good project ? if you see a project failing then they arent really a good project but they are only look like a good project so that they can attract people to invest on them. they can just do an exit scam after collecting some funds but real good projects wont be like that because they are dedicated . they have real profesional team members and they built a road map . they wont stop until they finish it no matter how hard the obstacle that they were facin .
From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
I think, rugulations will solve the topic to great extent.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
I think, rugulations will solve the topic to great extent.
This is so true. I have been invested in one project that has already working product and serves more than 200 mill people and it's demand is slowly growing form outside costumers, not investors. IT has a brilliant solution for game developers like me and it's price is not impacting it's survival. Yet it is far under radar and most of the people don't even take time to look at it. And all that because it's market cap is low. New scam project even today come out and take top 100 spots while decent project stay low. Good thing is, that with time those good project that has a solid team and idea, those project whose coin/token price does not impact it's success due to the fact that they provide solutions not promised revenue just because, will eventually grow. Question is when.... (:
From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
I think, rugulations will solve the topic to great extent.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
I think, rugulations will solve the topic to great extent.
For projects to succeed, there should be a well mapped out template of success that has been proven by other successful businesses/projects. Building a project/business always comes with many challenges and except the team are able to handle such with professionalism, then there is bound to be problems.
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