What was your biggest mistake launching your coin?

Beyerd17

full member

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Quote from: helmuc on April 22, 2019, 09:36:11 AM

Quote from: Whosdaddy on April 11, 2019, 04:05:29 PM

Quote from: helmuc on April 09, 2019, 02:58:33 AM

What was your biggest mistake launching your coin? What do you wish to have known now? .. and how long ago did you launch your altcoin?

I have tried launching a coin and it never worked out as I planned it because we had a very big issue which was funds, a lot of startups don't have funds to carry their project to a stage where a lot of investors can here about it thereby investing in the platform, we didn't have enough funds to create awareness about the platform, so we just had a project of great potential that no one knew about, I had to stop the project even though the blockchain was already running because I had no funds to continue working on it.

What was your original budget? Which "new" expenses didn't you expect? Thank you.

That is a good thing that newbs left, right and centre don't launch coins every day, that would flood the market with worthless copy/paste shitcoins with very minor adjustments to the code.

helmuc

newbie

Activity: 23

Merit: 0

Quote from: Whosdaddy on April 11, 2019, 04:05:29 PM

Quote from: helmuc on April 09, 2019, 02:58:33 AM

What was your biggest mistake launching your coin? What do you wish to have known now? .. and how long ago did you launch your altcoin?

I have tried launching a coin and it never worked out as I planned it because we had a very big issue which was funds, a lot of startups don't have funds to carry their project to a stage where a lot of investors can here about it thereby investing in the platform, we didn't have enough funds to create awareness about the platform, so we just had a project of great potential that no one knew about, I had to stop the project even though the blockchain was already running because I had no funds to continue working on it.

What was your original budget? Which "new" expenses didn't you expect? Thank you.

SlimShadyMmp

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COMBO 2.0

Running your own coin is a big mistake because you will just be running shitcoin at the end of the day I think focusing to develop a good coin takes team work and some serious dedication on your part

lousie9

sr. member

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Merit: 263

Until now I have never made crypto tokens so I never knew what the main mistake was when we had to issue tokens to enter the market, but many new tokens that failed when they entered the market were a big mistake in losing investor confidence when we were old in making promises to enter the market so that it will spread to various circles so that we will lose volume when entering the market.

Cuk0ng_bitc0in

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I never launched a coin. I am not part of the ICO team. but. certainly takes a long time. I pay attention to many projects that extend the time to sell tokens and delay distribution. Bear market is their main reason.

StephenJH

hero member

Activity: 1470

Merit: 521

No more Rekt and Bust

I never decided to make my own cryptocurrency but it will be exceptional for me if I ever decide to do it. Launching new blockchain and a new token is hard and finding the professional developers is not easy.

MakeMoneyBtc

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I don't think you I'll find many people around here that have launched their own coins since they probably do t have enough time to spend around this forum making posts as they are working on launching another coin or developing they coin they already have.

Beyerd17

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Quote from: letyouearn on April 12, 2019, 03:29:00 PM

The biggest mistake was the idea to launch my own coin, haha Grin

Lack of experience and strict plans. Trying to spend all the ICO budget to make everything in a proper way. Wasting much time trying to prepare everything for the crowdsale.

Everybody wants to strike it rich right. If one lacks the skills and the right team to launch a proper coin, then one should not try to do so at all. You would be better off just investing your resources in a better project that a pro team ICO's.

letyouearn

legendary

Activity: 1722

Merit: 1014

The biggest mistake was the idea to launch my own coin, haha Grin

Lack of experience and strict plans. Trying to spend all the ICO budget to make everything in a proper way. Wasting much time trying to prepare everything for the crowdsale.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: helmuc on April 09, 2019, 02:58:33 AM

What was your biggest mistake launching your coin? What do you wish to have known now? .. and how long ago did you launch your altcoin?

I have tried launching a coin and it never worked out as I planned it because we had a very big issue which was funds, a lot of startups don't have funds to carry their project to a stage where a lot of investors can here about it thereby investing in the platform, we didn't have enough funds to create awareness about the platform, so we just had a project of great potential that no one knew about, I had to stop the project even though the blockchain was already running because I had no funds to continue working on it.

airdropan

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♦♦♦♦♦

launching your own coin need many responsibility. If you success there your name will be memorable for many years a head but when you failed to manage your own coin that will destroy your whole carrier on cryptocurrency world

ariyzt

member

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Merit: 12

i'm not interest to launch or managing any coin/crypto . That really wasting time for me. Also launch your own crypto need many knowledge about crypto it self. and i'm thinking i can't handle that

HatakeKakashi

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Activity: 1274

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Creating cryptocurrency and only the programmer or the expert in the fields of the computer or program can develop their own coin.
But someday I wish I can have my own altcoins so I can earn more money once the coin I created is become successful to launch and becone popular. Many people who are the founder of the potential altcoins are now rich and some of them are billionaire.

helmuc

newbie

Activity: 23

Merit: 0

Quote from: GregH37 on April 10, 2019, 02:45:07 PM

Why on earth should you launch your own products, has cryptocurrency now become a game for everyone to start playing...

In my case - we have a niche facebook community (untited by Latvian language) and we do live fb talk shows on various topics around the internet business and not only. As for the crypto - we started exploring this topic, building miners together, doing interviews, exploring trading and more since late 2017.

I have this idea of running a real life test > is it really possible to launch a coin (not token), and make some profit? It is more an educational public real life case study

.. and, of course, it is always useful to learn from the mistakes of others.

.. I'm trying to be as careful as possible not to advertise anything... scouting for the breadcrumbs of experience.

I hope that this answers your question

does it?

kingpin4321

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Merit: 14

Well personally I have not lunched any coin of my own and for the nearest future to intend to.
But am interested in new coin. And one mistake they make is greed most new coin owners want to become rich and big over night making unrealistic promise just go get people to invest

tbct_mt2

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Quote from: helmuc on April 09, 2019, 02:58:33 AM

What was your biggest mistake launching your coin? What do you wish to have known now? .. and how long ago did you launch your altcoin?

I don't get the real purposes of the topic. In my opinion, it is unnecessary somehow.
But, if you have to write something, I think that some of biggest faults to launch a new coin are:
- Starting from original intention to build up scam coins.
- Trying to fraud others with hidden information on instamine, premine (like Bitcoin Private).
- Trying to insert dangerous things in source code of wallets.

Beyerd17

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Quote from: rjp55 on April 09, 2019, 06:44:15 AM

I don't think there are lots of people on this forum which also created a cryptocurrency. And the ones that created won't be posting this thread probably.

I also think most of the guys here never launch their own coins. I think you would need a good idea and a good team behind your idea, otherwise it's a waste of your own and others time.

restuibu

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I've never launched coin myself and I'm sure if in this forum only a few percent have done or are still planning to launch their own coins, and to launch coins themselves in my opinion it's very difficult for several reasons

GregH37

legendary

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Quote from: helmuc on April 09, 2019, 02:58:33 AM

What was your biggest mistake launching your coin? What do you wish to have known now? .. and how long ago did you launch your altcoin?

Why on earth should you launch your own products, has cryptocurrency now become a game for everyone to start playing, instead of launching your own coin, build on already existing ones and partner with them if possible, coins are becoming too much that it is becoming tiring because every new coins I see for now end up becoming a shitcoins.

The only project we need now based on the need of people is any project that will successfully create a system that will eliminate all Scams and Bad ICOs from the market, then I can encourage you to create a coin and how to go about it.

jossiel

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DGbet.fun - Crypto Sportsbook

Never launched a coin and I know it's already a mistake if I'm going to launch my own. There's no way for me to get it why I do have to make such actions that I know people do it just for their own sake.

Most of the coins that were being launched has their own special agenda and it's just for collection, no use case.

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