What really makes a cryptocurrency successful - page 4.

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Quote from: aditasetia123 on May 05, 2021, 06:50:03 PM

when they see technology , they will see gain. technology was be as legit part in startup investment now. just look at project with great technology in crypto market now, they able to gain 100x less in a year. i ithink beside hype and fomo this is the reason why cryptocurrency very sucessfull now.

It should be the reason for the success of those project. The technological addition inside the industry

is what the project offers, with real usages and with real supporters the asset is far better than those who are moving just because of hypes.

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actually can be seen from the start if the project has a large team and community, it means that it can be ascertained that the project is good. but it does not rule out that a team that has a small community can also develop into a large project later, all projects do need time to develop.

Not at all, the chance are equal and it's depends how solid hte fundamentals of the project, the potential are good from those asset who

really have a good developing team behind.

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Quote from: adekogbe on May 04, 2021, 06:11:55 PM

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

Promotions.

You may not agree with me. But the bitter truth is how intensively you are ready to promote your project , it will get up to that level of success by having more investor and holders on board. It means you must need people to be aware of your project and then it may become successful if there are some solution is being provided by your project.

After promotion, I guess the solution what we are addressing for what problem is playing vital role on making a cryptocurrency successful. Please note that not all good projects are getting success but only through heavy promotions, good projects find success.

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What makes most projects achieve a high success rate is majorly their development progress according to what was outlined in the whitepaper in conjunction with reliable and quality hands behind the project. The community also play major roles, the more followers they get, the higher rate of achieving a good result, which is for example what XRP is enjoying, despite the court case, they are still doing well in the market

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when they see technology , they will see gain. technology was be as legit part in startup investment now. just look at project with great technology in crypto market now, they able to gain 100x less in a year. i ithink beside hype and fomo this is the reason why cryptocurrency very sucessfull now.

ElmedoRator

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With this market, trust determines everything, most of the people involved in this market do not understand it, I think. We all believe that it will increase so far, the price is reflected in the clear cycle, many people don't even care about the value of the technology it brings, just seeing the profit is them will buy it without even knowing what it is.

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Quote from: adekogbe on May 04, 2021, 06:11:55 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

It should be in a reasonable way and the project consists of

*market importance
*it should be reliable and legit
*Support for the developers
*it was listed in the reputable exchanger

we can't just leave the hypes to give the reason for the success because it was not sustaining. What makes important is to have the project that could really provide the need of the people and they find it very useful and that gives a reason that investors will look into that, not ignoring.

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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.

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Quote from: adekogbe on May 04, 2021, 06:11:55 PM

~
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

It is true that majority of the users in the cryptocurrency space does not understand the technical terms and majority of them will be bounty hunters who are not interested in learning about the technical things but they are aware of the economic side of things. There are many ways a team could promote a project and if you have the right promotion then you could attract investors and that is how some of the projects becomes successful in terms of the number of money the project is able to collect during the initial phase.

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Quote from: adekogbe on May 04, 2021, 06:11:55 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

Are you sure that most investors doesn't know technicalities? For sure there are people who doesn't mind off much but there are some who are really mindful on that part.

Asking out on what are the factors for us to tell that a certain project does have potential? Of course it would be talking about relevance and actual usage.

Most of the time we are talking about fees and transactions times on where most people do really mind off.

mamiko

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The success of a cryptocurrency depends on many variables. Sometimes this is about the realism of the crypto money project, the quality of its team, and sometimes it is related to the successful advertising work it does. sometimes it has no good side, but it can be successful only with the quality of the place in which it is listed. sometimes it can attract a lot of people thanks to the pump that it has done just once. but it cannot provide permanence in this way. In order to be permanent, I think it is necessary that the infrastructure, the team that created it and the project it presented or its successes should be realistic.

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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

.

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Quote from: tanjiran on May 05, 2021, 04:54:52 PM

Quote from: adekogbe on May 04, 2021, 06:11:55 PM

snip

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

one of the most likely reasons is the current state of the market. many investors dare to take risks because there is an opportunity for a pump to occur. even for projects where the product is not clear, the whitepaper has not been completed, and only relies on airdrops to develop the community, it can cost more than 3 $. this has happened a lot recently in the solana ecosystem. The risk is quite large because recently scammers have started to exploit this situation to cheat.

I've seen many projects like this, Most of them are DeFi projects. There are many projects that easily got their hard cap and don't even have a whitepaper to defend the project. It's just this bull run that makes their investors think that they can potentially acquire good profit from it despite the risk of getting a rug on a project. Many investors gained a hefty profit and also lose plenty of money because of this projects.

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To be successful in a short time, one of them can be directly registered on a large exchange like Binance, just look at recently TKO has gained a place in the crypto market, which is basically a fairly new token.
Whatever altcoins are rumored to be on a Binance list, most of them will be hype.

tanjiran

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Quote from: adekogbe on May 04, 2021, 06:11:55 PM

snip

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

one of the most likely reasons is the current state of the market. many investors dare to take risks because there is an opportunity for a pump to occur. even for projects where the product is not clear, the whitepaper has not been completed, and only relies on airdrops to develop the community, it can cost more than 3 $. this has happened a lot recently in the solana ecosystem. The risk is quite large because recently scammers have started to exploit this situation to cheat.

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Quote from: adekogbe on May 04, 2021, 06:11:55 PM

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

Investors aren't that blind to know if the projects devs are really working hard or not to their project.

If every promised updates delivered on time without any hassle or trouble, expect that the community will consider putting trust on this project.

And importantly, the market price. It's no secret that some projects boost their popularity because of the price. If the project devs aren't working seriously or adding some liquidity on their pools, there is no way the price will boost and attract some traders. That was a team effort.

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Quote from: Skinny48 on May 05, 2021, 03:25:02 AM

Most people would say use case, newer tech or ideas, etc but look around you today even shit projects brings thousands of dollars to some people, what people should understand is some projects are for short term investment opportunities, while some are good for long term, as for me I just busy taking advantages where I believe that opportunity is available

This is quite an interesting take on the topic, some projects will perform well in the short term but will fail in the long run, and for that reason even after a project has seen initial success, every existing or new investor should always keep track of what developments are ongoing with the project and if the visions are still viable in the long run

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Quote from: adekogbe on May 04, 2021, 06:11:55 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 team is super-important. In this space, a very important quality, beyond the technical ability of the members, is simply honesty and compromise. It is very difficult to measure and you can´t get into other´s brains to see their intentions. Just notice that potentially a team could do nothing and have a nice lifestyle with the investments and there is no legal claim that can stand a chance of success since they would only need to demonstrate that they have tried to do something...

A good way to understand a project is to research the past works of the members and such... but that is far from the means of the average investor.

adekogbe

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Quote from: Bitcoinjheta on May 04, 2021, 08:39:03 PM

Mostly successful coin or token in the market are owned by billionaires and or a well-known person in the world. This happened because this was surely organized, well consulted by experts and adviser in a crypto were most things needed in a project that has big impact in the economy.

Thing's true to an extent, i believe that with interest from billionaires who have had a lot of success in other offchain models of businesses, they will be able to put together a team capable to achieving the teams goals and objectives.
That way, investors are not really scared about investing since they know the kind of people backing the project for success

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Quote from: motun01 on May 04, 2021, 06:45:43 PM

There seems to be a theme common to successful projects and a lot of it is down to promotion and marketing.
Most successful projects through their promotions have been able to build a massive following and vibrant community that is optimistic about the project's chances for success. When all this is combined with a team of professionals, partnership with top companies and exchanges and interest from large investors, the project often succeeds

Yes it's true you, I also see it that way.
One of the factors of a successful project is by means of proper and accurate promotion. This will help the project grow better by having a good vision and mission of course.
And do not forget also the success of the project can also be seen where the coins will be listed in the exchange.

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Quote from: Twinkledoe on May 04, 2021, 06:54:05 PM

Quote from: tabas on May 04, 2021, 06:51:17 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.

This is only one facet of why a specific project can attain success. The major factor for me is its actual usage among crypto users or even to ordinary public. If the app or product can be used or applied in their everyday life, there is a chance that the project can achieve success. Because without use case, it is hard for a project to hit it off in the market. If they will just rely on traders, they will not survive. So aside from the exchanges, should be the actual developments of the platform itself. And how they can influence the community.

That's the use case and I agree to you that a project is successful when people are using it. Because cryptocurrencies should be used as the normal currency that we use.
If a product successfully being preferred by a community to be used or a company, that's already a success to them.

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