What really makes a cryptocurrency successful - page 3.

soul-impact

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Quote from: adekogbe on May 04, 2021, 07:11:55 PM

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

The first thing I saw was that they were profitable for me. Trading is also fast without being too complicated
It succeeds in being able to make people believe in the value that cryptocurrencies bring them. Investing and holding them, creating an economic source for me. Maybe overnight you'll get rich

alex_andr25

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If you do not go into the details that the cryptocurrency performs certain functions, then you can superficially say so. Cryptocurrency is successful because people see and want to see value in it, an opportunity to earn money and remain anonymous. For this, you do not have to pay taxes and you can become a rich, financially independent person

Benefactor

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I feel that could be the explanation. A genuine task will get monstrous interest right away from the crypto networks. Best ventures through their advancements have had the option to assemble a gigantic after and dynamic local area that is hopeful about the undertaking's odds for progress. Today, we as a whole realized that Binance resembles the standard trade of ventures for it to be effective.

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

Quote from: lxiaoh on May 08, 2021, 03:21:14 AM

Quote from: adekogbe on May 04, 2021, 07:11:55 PM

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

If successful just means price pump，and i think i know the answer is.
It is Elon Musk's tweet, and this is not a joke, it is true. Reality is always more ironic than fiction.

Coming from the 2nd richest person in the world? It will really make a difference if he voiced out his support to a coin. I mean one tweet is all it takes for that coin to reach the high price. Now if several companies decided to support Bitcoin, ethereum and all the alts then that would spell the difference between an unknown coin, but technologically sound, and a coin in the top 100 of the list of cryptocurrencies. The more supporters a coin has the more momentum it will take for it to go higher.

chanler

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mulierum.com

in my opinion, a good project is a project that has been well planned, one of which is having a good team and it will generate good tokens/coins. For example, when I choose a bounty, I will look at the team first, if the team is people who are already well-known and professional, then I will follow it. Likewise, investors should also check and understand first

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

Quote from: tabas on May 04, 2021, 07:51:17 PM

The exchange where it is being listed helps to the success of a project. Today, we all knew that Binance is like the standard exchange of projects for it to be successful.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.

But if we are talking about 4,000 plus cryptocurrencies, we are talking not just Binance but also other exchanges that accomodates the other cryptocurrencies and not just Binance alone. We all know that Binance is the big exchange right now, yes, but there is also Coinbase, Kucoin, Huobi, and all the other exchanges that are also good and are also reputable that the trader and investor should all have accounts in. There must be a good list that we can use where it lists all good exchanges but I think you can all start with Coinmarketcap or Coingecko for basic details.

lxiaoh

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Quote from: adekogbe on May 04, 2021, 07:11:55 PM

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

If successful just means price pump，and i think i know the answer is.
It is Elon Musk's tweet, and this is not a joke, it is true. Reality is always more ironic than fiction.

llecrf

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Quote from: ecnalubma on May 05, 2021, 07:32:42 PM

How do we define if its successful? I mean they should consistently build and manage the project in rightful manner to maintain trust of their investors. For me the word is “trust”, if nobody trusted a project it will never become successful. Not all investors buy in because of hype, some look for potential and their purpose.

In general, projects are declared successful because they have systems and technology that can be run well.
Some people have different points of view on this matter, whether they are looking for a platform that can be used well or just looking for profits by looking at the price achievements of the coin. But both are needed to attract many investors and developers to be able to make new, better projects, fast and safe to use by everyone.

BintangBuleun

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Quote from: adekogbe on May 04, 2021, 07:11:55 PM

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

Trust in the project and the project team is seen based on the cooperation of the project. Most of the successful projects were supported by a previous platform. Suppose project AAA is working with Binance. So investors see not the AAA project, but the Binance. This is what causes investors to dare to invest in a project.

HanaTenun

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there will be no instant project even if it is from coins that have been accepted in the community, all projects must have obstacles no matter how good the team and the idea are. the team and the community must work hard for the project to be successful.

Koro-Sensei

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The success of a coin relies on its community. Added by its team's vision and perseverance, it is safe to say that a project will likely to succeed. In terms of community, it is really up to them whether the coin should go up or down due to some factors given by the team.

Ucy

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Bisq is a Bitcoin Fiat Dex. Use responsibly

Depends on what you mean by "Successful Cryptocurrency". Lots of people take only the financial aspect into consideration, whether a project is decentralized or not.

In my opinion, successful cryptocurrency project has to be very useful, efficient, safe and fast without compromising on important crypto Principles/Ideals like decentralization, Transparency, Immutablity, CensorshipResistant, Permissionless/Trustlessness, Anonymity/Privacy, The use of public consensus, Deflation, etc.
These are some right standards any crypto project has to pass in order to be considered a success.
A centralized "Cryptocurrency" is not a success, and could be regarded as substandard project if it fails to stick to the ideals of True Cryptocurrency.

oioi

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A p e S w a p ///$BANANA Farms

The thrill and marketing continues to attract investors, highly trusted managers and community members will continue to spread it to produce the best.

Cling18

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Having an active team and developer and being listed on a top exchange with having a high trading volume makes a certain coin successful. Sometimes, it could happen in the long run so it needs patience. Most coins that fail are usually listed in unknown exchanges that don't have a good number of traders.

xiboothrezi

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Quote from: kevindjunaidi on May 05, 2021, 06:37:35 PM

what really makes cryptocurrency successful is :
1. the project has a good idea and is useful for the long term, so that it makes investors interested to investing in the project
2. the project has a great team and good partners, so that it makes investors interested to investing in the project
3. the project always has progress at any time and does not just make promises, so that investors will believe to investing in the project

but the most important thing is influencer doing promotion, for example is Elon Musk who always tweet about Dogecoin and now the price of Dogecoin has increased very high and become top 5 on coinmarketcap Grin

.

and with the support from the fourth point, a project doesn't even need 1-3 points completely, lol.

you've summed it all up in this answer, I just add one more point: the state of the market.
remember the hard times after 2017? many projects that are difficult to develop even though they have good support and concepts, so that most of them can only show their glory this year. although it does not apply to all, the state of the bull market is very influential, because the money circulation is so large and investors have many opportunities to take profit.

BaeSuzy

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The first is that in order for a project to be accepted in the community, they must have a real product / service. Then, the profiles of all team members must be real. The next most important thing is that the project has a big partnership, for example, like Google or another big company.

accounting 181293

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www.cd3d.app

the biggest reason is hype, and hype can be caused by anything. such as experienced project advisors or have a large following. a project team that came from a former big project. or large corporate partners. all that could create hype in the crypto community and make the project popular and successful.

husdemba

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Pepemo.vip

Here, the success of the project team is very important. Sometimes even if the project is very good, if the team is weak, success does not come.
Being listed on new exchanges also increases the supply for cryptocurrencies. For example, DOGE is completely driven by supply Undecided

isaac_clarke22

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Quote from: adekogbe on May 04, 2021, 07:11:55 PM

~

Probably hype from their referrals. That's why there are ponzi schemes popping up and having a lot of connection to different people to invest into their platform/coin, but then when the dump comes, it goes all reds.
Think of it as just like a real-life business, like your local fast food that was just recently opened but then closed a week later.

Hobo66

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Quote from: adekogbe on May 04, 2021, 07:11:55 PM

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

There are many things which make project success. The first one is Community, community is a big thing which make project success, second is investors and third one is hard working team. If their is hard working team than that will surely success.

Topic: What really makes a cryptocurrency successful - page 3. (Read 981 times)