Whats your thought about New projects? - page 2.

btcholder

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Quote from: Sulman326 on August 03, 2020, 03:20:00 PM

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

Maximum projects are coming now days just for raised their fund. After they collect the fund they stop their project works and bring another project for collecting more fund and end of the day they abandon all of their development of their projects. It's just a regular story of new projects now days.
Rarely we can see some legit projects are coming in crypto world and try to make difference. In my opinion people just fed up on those new projects which give much promises but don't make it happen. That's why crypto industry losing investors everyday because of these kinda projects. People need real product able projects which can help people's daily life.

lousie9

sr. member

Activity: 1680

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yes maybe not all new projects are bad but for me personally most of the new projects feel like dead, I mean can not last long in the market, the product is difficult to develop in the market, and the project is abandoned by the developer. this often happens in this cryptoqurrency industry.

abeecrypto

copper member

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Proof-of-Stake Blockchain Network

I have wondered too. Many have come in past and disappeared. But some are still quite stable. I see many influx of projects Who look like they are just coming around to get investors money. Many of them don't really have viable use cases. That been said, the market has lots of potentials to provide solutions to certain problems that traditional market has tried to solve. For now, many projects are still trying to find their standings. They are still at their infant stage. There might not be need for more altcoins for now.

Ceyflix-Rez

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Activity: 420

Merit: 13

$CYBERCASH METAVERSE

New projects are not safe for newbies, the safest option for newbies is going binance or okex for any IEO projects fund raising, top exchanges are safer investment options, way better than randomly looking for new projects to invest on

Eco_111

member

Activity: 210

Merit: 14

New projects are most times unreliable, some new projects are build for short term and developments will die down after few months or years, make sure the projects you put money on are well developed

Cheesus

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Activity: 692

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terra-credit.com

New projects are not harmful if they have something to show up! If you recheck, you will realize last year we got some extraordinary new projects like Harmony, Elrond, Matic, Sero,Perlin, and so on, and this year we are getting more potential new coins. Now you see the Defi idea is ruling! So, new projects are not that bad, and you just have to pick the better one!

Squezzi55

member

Activity: 266

Merit: 11

New projects are bad for newbies who are new to crypto, top altcoins or Bitcoin are best choice for newbies, the reasons why I said this is because many new crypto projects are scam made projects, they have no other intentions but to scam investors

thesmallgod

full member

Activity: 1498

Merit: 129

No matter how hard it is, we shall keep seeing this project. This is because human will never run out of idea both for good reason and for bad intentions. Those that are of good intentions will fall into two categories. Those that will offer to improve on already existing ideas or those with a novel ideas. The latter one is very uncommon while the former is the most common one. It is left for individual to check what he/she is interested in and do there own research. But from my own experience, it is very uncommon to see a new project that is profitable provided it even get to exchange.

LbtalkL

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Sad to say the majority of the new projects are just aiming to create free money, that is a fact. Only a few of them are real that success in this field. Abandoned, scam and failure projects are increasing way back 2017 I guess only 10% survives until now. I am not against new projects in fact I want it, it helps us to spread adoption, but in any industry, there are always people that think only about money no matter it is good or bad. For now, I prefer existing companies to adopt crypto which is safer than a newly created company from nowhere.

tbterryboy

sr. member

Activity: 2030

Merit: 323

Quote from: Sulman326 on August 03, 2020, 03:20:00 PM

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

Lots of projects these days are not reliable and we have to be very careful when we are choosing new projects because you just never know mehn.

Scammers have caused people not to be trusting new projects any longer. They are the reason a lot of people here now hates ICOs and people are now generalizing every ICO in the market as a scam because of these scammers.

Cryptocurrency is a good thing, but scammers just infiltrated it and are using it for the wrong purpose and making the world see cryptocurrency as a bad thing.

I am happy that after everything some of them still get caught.

JungleOnion

sr. member

Activity: 868

Merit: 279

There's always a lot of projects popping up here and there. I am always skeptical about new projects because they have nothing to prove or back their business model so you have to be wary of how much you decide to invest. Only very few new projects are able to outperform expectations and in the short term is always because of the hype surrounding the project so I always wait to see how a project performs. For example, Harmony one is a good project, solid foundation and respectable team. However, the price was hyped and now still a long way to recover. That doesn't mean the project is bad, just that traders and investors will always hype a project in the early days regardless.

ryzaadit

legendary

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Quote from: bitmover on August 03, 2020, 06:15:15 PM

I am talking about comission to third party such as bitpay for payment solutions.

Then, It all depends on the policy of their service.

I believe all service such as buying other stuff, or as you are mention gift card they take the service fee from transaction or withdrawal to keep it running. In the business model, this quite normal as long the fee still normally or not really an insane fee not really a problem at all.

If want not really paying the fee to the third service, then should be transaction P2P with someone so not really paying a fee transaction buying the item. As long, the project was launch by the company always about business when they take a certain fee by using their service.

yazher

hero member

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You own the pen

I haven't visit Announcements (Altcoins) nowadays as I lose my interest in those crypto projects that only good on their road map but suck when they launched their project. I wonder how they managed to gather such huge amount of money from their investors and not even using it to further develop their product. I mean, they always good at sales talking to their investors but they're just making some excuses when it comes to the development of their project. No development, no further investors = the price will be stuck or sink at the bottom with no sign of returning back.

Retainly_Collie

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Hmmm from my perspective we dont need new altcoin project. I mean there are few projects that have a same idea with another project. I think a new project with great idea is need a spotlight. I hope there is a good project launch soon.

In fact, we need new altcoins, they have better ideas and can be more successful. Btw I agree with you on copying projects, they were created solely for scam investor purposes, so be careful when selecting new projects

crzy

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Quote from: Sulman326 on August 03, 2020, 03:20:00 PM

If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?

Then you didn't work with the good project before, because on my experience the bounties I joined before is working great until now and they was able to reach good exchanges and actually work according to their road map. Working with the new projects is fine as long as you search a lot about it and you're confident that they can succeed on their plans. DeFi projects looks promising, if you see new projects about it then you can search if its worth it.

criket

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Quote from: Warkop on August 04, 2020, 08:08:02 AM

Quote from: GreatArkansas on August 03, 2020, 05:02:39 PM

I will not trust again these new projects anymore, I remember what happened to me before, especially around bull run 2017-2018, when I am really in love with these new projects, lot of ICO I participated before but most of them are gone and lot of Bitcoins/Ethereums I lost way back then.

Maybe everyone experienced the same thing for 2018 - 2019 they were stuck with very bad projects that they participated in there, but I see there are also some projects that are really good to follow, because not all projects are bad if you really researching the team of the project itself. So basically it's better to assess deeper for their team and how they really do it for the development of the project itself.

some projects have survived these difficult times and until now they have finally survived. if you remember the beaxy project that had to work hard by delaying their sales several times and finally they could release their platform. for future development, we will never know, but those who are good will work real with their platform updates.

fuer44

sr. member

Activity: 1652

Merit: 262

because each analysis has not been 100% determined how the future of the project, because all that can change over time and changing wind direction. so, usually I see how people respond to the new project. if more and more people join and invest, it means that the project has a greater chance of success.

kaseygriffin

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Activity: 785

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Quote from: Sterbens on August 04, 2020, 05:48:12 AM

Quote from: Sourhearrt on August 04, 2020, 01:35:29 AM

I don't think new projects are that dangerous, only those who are new to crypto will find it more difficult to make the right choices, for me it's not that hard, IEO projects on top exchanges is best way to go for newbies and projects with demanding utility and good partnerships can't go wrong either

I think that way many people already know and IEO in the best exchanges will certainly attract a lot of investors, but will new projects do that? certainly not and they prefer the low exchange as the lowest cost.

New projects are eager to be listed at major exchanges, because it's a simple and quick way to help their projects get hype and succeed in this market. But it's hard for it to happen because most new projects don't have enough budget to be listed at major exchanges like Binance, Okex, Huobi ...

Warkop

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Vave.com - Crypto Casino

Quote from: GreatArkansas on August 03, 2020, 05:02:39 PM

I will not trust again these new projects anymore, I remember what happened to me before, especially around bull run 2017-2018, when I am really in love with these new projects, lot of ICO I participated before but most of them are gone and lot of Bitcoins/Ethereums I lost way back then.

Maybe everyone experienced the same thing for 2018 - 2019 they were stuck with very bad projects that they participated in there, but I see there are also some projects that are really good to follow, because not all projects are bad if you really researching the team of the project itself. So basically it's better to assess deeper for their team and how they really do it for the development of the project itself.

shakesbear

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Some projects are scams, I agree, some projects are just bad ideas, with startups it often happens, you think that the idea is good, but in the end people do not like it and you will go bankrupt, and the most difficult thing is to find a project that turns out to be a gem.

Topic: Whats your thought about New projects? - page 2. (Read 566 times)