It will always come to the idea that there shall be another crypto that will become popular and emerge. While the others that don't perform really well will be overtaken by that new emerging cryptocurrency. When we talk about falling, it's always related to the price and that really is sounding as very negative and downing word. But if the market goes into a correction, don't be too negative, always be prepared with some spare cash so you take advantage of it whenever it comes.
Such is the cryptocurrency cycle and to encourage the team to continue developing the project,
it is true that this is the case and the need to change the mindset that when prices are down it is not always a bad thing,
while being corrected it is the right time to buy some potential coins
We don't have to encourage the teams to continue what they've started. They've chosen the path of developing and it's them that have started it all to make their project possible.
The teams have to stand to what they've made and if they're too fluffy with market motion and didn't anticipate the fall of it, they should only focus on their road maps and not on the price. Because a quality project will become valuable based on its development and its price will reflect on it in the exchanges for being liked by the masses.
Most projects can't continue their developments because of lack of funding. So for projects which are relying from their crowdsourcing funds, they can easily abandon their project once they have no more funds to augment their needs. So if you want to follow a solid project, check if the platform has private investors or financial backers aside from their crowdsourcing activities. Because with financial backers, they will try to achieve their goals because someone is financing them to achieve their targets.
Many projects were abandoned by the project team because their funding was lacking. Therefore, some projects eventually did not develop and
became shitcoins. Or there are even new projects that fail to launch and end up being scams, because the fundraising is not in accordance with
the target team projects. Therefore, I prefer to invest in old projects which have proven to be ongoing, because they have sufficient funds to
continue developing projects. Unlike new projects which were created just to raise funds for project owners and team, once they get the desired profit,
the project is abandoned. If we really want to invest in new projects, we should check the background of the project team, and make sure how
they are promoted. Check very carefully, everything about the new projects, if there is an indication that the projects are scams, immediately avoid
investing in these projects.
