What Makes a Successful Crypto - page 2.

cryptonewbie

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Quote from: jazmuzika217 on November 09, 2019, 11:35:46 AM

I agree to your point of view but I think the most important thing to those elements is marketing because it contains all. Marketing is not all about promotion but also determining the needs and wants of clients or users so I think if we have a very good marketing we will be have a very good and successful crypto or project.

Marketing is vital for any project but I believe what is key is the product you're selling. Investors have gotten smarter after the crypto meltdown since 2018. If your project don't look like something that is creating value, no amount of marketing will make them buy into the project

jazmuzika217

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I agree to your point of view but I think the most important thing to those elements is marketing because it contains all. Marketing is not all about promotion but also determining the needs and wants of clients or users so I think if we have a very good marketing we will be have a very good and successful crypto or project.

Cherylstar86

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Quote from: Murat on November 09, 2019, 06:41:18 AM

On the current context, It's really a difficult task to make successful crypto because it has lost the credibility towards the community, so along with your idea, you have to focus to bring back the credibility of this system, I think the most important thing is that marketing towards the society as well as validation from local government, When people see the valid platform then they will join with your platform, except the technical aspect, I think you need to focus on the legal aspect so that people can motivate to create a community-building process, I think community building is the best process to make one thing successful.

Being successful here in crypto currency is not easy because you will experience some disappointment, huge losses and tremendous frustration. If the said above will able to overcome for sure you will definitely have a great success just also extend your patience and understanding since the market is volatile and we can't easily expect a good outcome.

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Quote from: WeedGoW on November 09, 2019, 08:51:22 AM

You can take a look at all of the top cryptocurrency right now to have pointer about what makes a successful cryptocurrency. But the most critical is how long that coin has been going and its reputation.

Because the top coins are able to provide benefits to the community, apart from that I think crypto get success because of the increasing digital development in the world, and they are running together in the present tense.

WeedGoW

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You can take a look at all of the top cryptocurrency right now to have pointer about what makes a successful cryptocurrency. But the most critical is how long that coin has been going and its reputation.

BlackFor3st

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Quote from: tk808 on August 28, 2019, 04:12:52 PM

There are 3 components that every good crypto project continues to improve on

1) Technical capabilities & Delivering on Technical goals
2) Marketing, Community and Adoption
3) Integration, Partnerships, Usability and Company Structure

From these 3 distinct categories, there's a whole infrastructure and sub-categories that can be stemmed. Ultimately, there are teams who solely focus on 1/3 areas and neglect the others; this is ultimately what we call shitcoins. Most top 50-100 coins have at least captured 2/3 of these areas, with only a select handful of gems attaining or about to attain all 3 levels of success.

Ultimately, every project I see can be defined by these basic and generic overview of essential capabilities I view. Again, I want to stress there are several areas to emphasize within these categories there are numerous of sub-categories, such as legality, financials, revenue, market share, competition and a whole host of other factors that make up any successful business

These are all helpful inputs which will surely help the project to hit it's softcap or hardcap if they can initiate all these inputs correctly.

What is the most challenging part is the marketing and finding the big partners. Once these two will become successful, the other will follow easily especially the development and the community adoption.

gwaposakon

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Quote from: tk808 on August 28, 2019, 04:12:52 PM

There are 3 components that every good crypto project continues to improve on

1) Technical capabilities & Delivering on Technical goals
2) Marketing, Community and Adoption
3) Integration, Partnerships, Usability and Company Structure

From these 3 distinct categories, there's a whole infrastructure and sub-categories that can be stemmed. Ultimately, there are teams who solely focus on 1/3 areas and neglect the others; this is ultimately what we call shitcoins. Most top 50-100 coins have at least captured 2/3 of these areas, with only a select handful of gems attaining or about to attain all 3 levels of success.

Ultimately, every project I see can be defined by these basic and generic overview of essential capabilities I view. Again, I want to stress there are several areas to emphasize within these categories there are numerous of sub-categories, such as legality, financials, revenue, market share, competition and a whole host of other factors that make up any successful business

I agree with you on this. Crypto projects should have these essential components to succeed in a very crowded market. Partnership and alliances with stable organizations, personalities, and stable companies in crypto space would also greatly contribute to the success of a crypto project starting in the market.

Mike Mayor

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Quote from: alyssa85 on November 08, 2019, 09:12:30 PM

Quote from: Bim abk on November 08, 2019, 02:36:21 AM

Quote from: Ajibola123 on November 08, 2019, 02:28:34 AM

Also ability to stand the test of time coz most crypto has failed to that, constant innovation is also important, everybody want something new

many projects die because they stop to innovate, the viability of the project can continue when the innovation continues but some developers forget it which makes the project can reduce demand.

It's not really lack of innovation that kills coins. It's lack of investors. You need new investors to come into a project, and for that to happen you need to be listed on lots of exchanges. If you are on just one small exchange and your existing coin holders are constantly selling, you are doomed.

No, it's not. It is more of a lack of actual real-world uses for the coins. They are mostly backed by nothing. Nothing at all, not even a little bit. So why hold onto these coins or tokens for the future?
It is just a waste of your time and money. Unless the token or coin has an actual use or is backed by some sort of product or service it is useless.

Investors won't invest in something where... Well... There basically is no investment since.... What are you actually investing in? A coin that only has value if it is on the exchange and the only reason people buy it is to try profit off of it by passing it off to someone else.

Wildwest

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After just reading your understanding, a successful project must have a strong contribution with a team that is consistent in working and solid, in fact, every good project can be defeated by the arrival of a better one. A successful crypto is also very needed by a real community forever

Murat

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On the current context, It's really a difficult task to make successful crypto because it has lost the credibility towards the community, so along with your idea, you have to focus to bring back the credibility of this system, I think the most important thing is that marketing towards the society as well as validation from local government, When people see the valid platform then they will join with your platform, except the technical aspect, I think you need to focus on the legal aspect so that people can motivate to create a community-building process, I think community building is the best process to make one thing successful.

bitcoinposts

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The points mentioned here all are considered to be the successful for crypto product to be successfull . mainly the road map implemention is very important for product success

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Quote from: rocku12345 on November 07, 2019, 07:28:45 PM

Marketing is a good point but if in a real life you see a cool advertisement about some thing you always buy it ? No, so good project has to be delivered not only in a good "package" but with a real useful road map. Today I really can count a few of such projects which can be practically applicated in the next year.
Maybe BCH or Stablecoins are actually ready to be used among people. So don`t be so optimistic about just marketing today.

yeah, I agree with your point. but in these previous years, I've ever founded a cool project with a good concept and not just roadmap, this is a working product (Crypto gaming platform using Aion). but tbh, this project can't survive because lack of financial support.

alyssa85

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Quote from: Jating on November 08, 2019, 09:34:54 PM

Perhaps we have overlook this factors, and that's why coins like Ethereum, Litecoin, Dogecoin are still in the top despite no marketing at all because they have been here first, and even though others have said that Ethereum has a lot of competition now, they can't even come close to it because it has gain a reputation already.

Part of it is early mover advantage (though plenty of early coins have died like ixcoin and devcoin).

People overlook the amount of promotion that went into them. Charles Lee was relentless in promoting Litecoin as "silver to bitcoin's gold". Ethereum spammed hundreds of people on reddit in the run up to it's launch and even persuaded a journalist at the New York times to give them a favourable write-up.

Doge of course was a complete fluke - a genuinely viral coin that took off because people were enjoying the memes so much.

Jating

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It got me thinking though, what if Ethereum just burst on the scene around 2017?

Would still be the second coin behind bitcoin? I mean did we consider those coin that has been in the crypto for so long that's why they stayed successful because they are the first mover here?

Perhaps we have overlook this factors, and that's why coins like Ethereum, Litecoin, Dogecoin are still in the top despite no marketing at all because they have been here first, and even though others have said that Ethereum has a lot of competition now, they can't even come close to it because it has gain a reputation already.

Pearls Before Swine

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Having a strong, dedicated community is the first attribute that comes to my mind, which is why bitcoin has remained #1 in the face of all its competition. There are altcoins that are cheaper and faster to send, but why do you think that none of them have even come close to challenging bitcoin's supremacy? It's because bitcoiners are avid supporters of it, and there are more of them than for any other coin. In addition, bitcoin's adoption as a currency, ie, the fact that the greatest number of merchants accept it, is a big factor.

As a secondary characteristic, I would say a coin's utility means a lot. That's why Eth is #2. It has features that bitcoin doesn't, which makes it novel. Most altcoins don't offer *any* advantages over bitcoin, Eth, or any other coin on the market and when there are hundreds or thousands of them available, a new coin isn't going to catch on unless there's some innovation present.

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Quote from: Bim abk on November 08, 2019, 02:36:21 AM

Quote from: Ajibola123 on November 08, 2019, 02:28:34 AM

Also ability to stand the test of time coz most crypto has failed to that, constant innovation is also important, everybody want something new

many projects die because they stop to innovate, the viability of the project can continue when the innovation continues but some developers forget it which makes the project can reduce demand.

It's not really lack of innovation that kills coins. It's lack of investors. You need new investors to come into a project, and for that to happen you need to be listed on lots of exchanges. If you are on just one small exchange and your existing coin holders are constantly selling, you are doomed.

BitHodler

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Quote from: Coyster on November 08, 2019, 03:14:56 AM

We need committed projects, managers(team), that would want to improve on the blockchain technology with their coin, not just about making money at the beginning, they must understand that if their product actually brings something wonderful to the blockchain technology, then they as well as their promoters and investors would earn alot from it.

It's hard to stay motivated for the people behind projects when they have dumped most or even all their coins. It's not an excuse to neglect the project, but without incentive there isn't going to be much productivity at all.

That's the reason I rather see the founders and developers own a decent enough chunk of the coins in circulation to keep building, otherwise what's the point? I wouldn't be motivated myself if I had no serious stake to grow in value.

At the end of the day, no one forces people to invest in these projects.... it's their greed that makes them do so and nothing else. It's fine if you accept it being a gamble, but don't cry afterwards when things go downhill.

Lets be honest, we care about seeing working products with utility, but we like it much better when we can fill our pockets, even if the project doesn't deliver anything in the end.

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Quote from: gensol on November 08, 2019, 10:29:21 AM

What kills most project is their lack of technical ability and marketing skills. Most projects have ghost community members who don't care or have no idea about a given project.

The marketing skill should be excluded in this case caused by so many cryptos has been launched big marketing campaign to promote their coins. The technical ability of coin itself should be the main problem why so many cryptos became a failure. Almost all of them are security token without any use case or real product where the company can get the profit.
The community needs more time to analyze a project and you can't blame them all.

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Quote from: tk808 on August 28, 2019, 04:12:52 PM

2) Marketing, Community and Adoption

The above is important to sellability of a coin. Therefore,
this I think relates to use case. If a coin has a use case, it instantly has a community.

Agree with you a good crypto coin must have a good market name and good value all over the world. A coin that people can trust to spend their money and it should have the ability to overcome price falls so people like the volatility for rising and falling so they can buy at a low price and sell at a high price. Good crypto must be well known and popular.

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What kills most project is their lack of technical ability and marketing skills. Most projects have ghost community members who don't care or have no idea about a given project.

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