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Topic: Why 99% Alt Coin Will Fail? A Case Study - page 5. (Read 1793 times)

hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
January 18, 2018, 04:34:25 PM
#82
Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  



Good read. However, you should have included your sources. I think anyone given some facts and guides could state that all altcoins has the tendency or the potential to die out after some years. But, I would say that people had the same speculation and idea about bitcoin when it started; they were quite pessimistic about it, and many have actually believed prematurely that it won't succeed, but look at it now. I think that every coin in the market, altcoin for that matter has that potential to fail, but it also has the potential to succeed, if all factors would converge to help it do so.
In short theres no one could able to tell if a certain coin would fail or not but basing on the things listed above I do agree on those points between on failure and the success of such coin but we cant really avoid those things that there are several coins which we do saw that it will eventually fail but sooner it did boomed up because it is just undervalued or just being late to be considered.This is always the risk and as an investor intuition and research skills would be crucial.
brand new
Activity: 0
Merit: 0
January 17, 2018, 04:54:37 AM
#81
I think there are a lot of flawed coins but I don't see 99% of ICOs failing. The market will correct itself naturally.
sr. member
Activity: 882
Merit: 251
January 18, 2018, 10:50:50 AM
#81
Today there is chaos in the crypto-currency market. There are several major currencies, but their development strategy remains largely incomprehensible. Over time, the market is stabilizing and we will see that only a few currencies remain.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
January 17, 2018, 05:23:28 AM
#80
Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  



Good read. However, you should have included your sources. I think anyone given some facts and guides could state that all altcoins has the tendency or the potential to die out after some years. But, I would say that people had the same speculation and idea about bitcoin when it started; they were quite pessimistic about it, and many have actually believed prematurely that it won't succeed, but look at it now. I think that every coin in the market, altcoin for that matter has that potential to fail, but it also has the potential to succeed, if all factors would converge to help it do so.
member
Activity: 182
Merit: 10
January 17, 2018, 05:06:28 AM
#79
Good read,i agree most of the alts wont surive in the future there are some factors to be considered BTC's price and the development of the coins,i believed alts that has working product/services are the only alts that will survive in the future.
member
Activity: 160
Merit: 10
January 17, 2018, 04:38:58 AM
#78
I strongly agree with your opinion, I think at this time many altcoin projects exist without proper preparation. Have a team that is not experienced in the field. Projects like this usually last for 1 or 2 years.
brand new
Activity: 0
Merit: 0
January 17, 2018, 02:30:41 AM
#77
I agree that a lot of alt coins are not great, but I think 99% of alt coins is a little bit of a high number. You are saying that out of a 1,000 only 10 are going to survive. I don't believe it is that high.
full member
Activity: 826
Merit: 104
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
January 17, 2018, 04:32:31 AM
#77
this is an old tradition, from the graphs of the past years (I see in the past 3 years), indeed every year the price of altcoin always goes down and when at the end of the year (exactly mid-year) altcoin prices start rising again like a rocket to the end of years.
member
Activity: 129
Merit: 10
RedTube & Rasputin Party Mansion
January 17, 2018, 04:27:20 AM
#76
I don't know if really 99% will fail, but for sure most of them are shitcoins and will die very fast.
I't not a so big problem because - with a little attention - you can identify them and stay away.
full member
Activity: 1176
Merit: 100
Vave.com
January 16, 2018, 01:18:05 PM
#75
with the good works on terms with inauguration developer gains with the strength on confidence as offering service with the blockchain system on custom as the occupation of token/coin to works with the finance.
member
Activity: 140
Merit: 10
January 16, 2018, 01:17:10 PM
#74

Because the correction on bitcoin has matured, and basically because of it the general condition of the market кpиптoвaлют depends. This is due to the closure of the Korean stock exchange, which should soon resume. Just be patient, and wait Smiley
jr. member
Activity: 210
Merit: 1
OMNITY Knowledge, connected
January 16, 2018, 01:15:08 PM
#73
Lot of people think that ICO is just a fast way to easy money. Out of some with evident scam intention, in most of them there is a high level of amateurism (it seems that it's too difficult to manage a chat or a spreadsheet)
member
Activity: 284
Merit: 16
January 16, 2018, 01:11:41 PM
#72
Well, Recently I have noticed Alt coin market saturated, If you visit the Alt coin announcement or bounty, you will notice every hour, there is a new coin announcement.

So my question is, how many % of those new alt coin survive in long run? let's say 1 year? 2 years? or even 5 years?

99% of them will fail within first year. Here's why:

1. People making millions of crypto currency, we can make it, lets make a coin.
2. People have no idea, what they are getting in, and how to run a company or organization.
3. People wants easy money.
4. No reputable organization or company behind the idea.
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.
6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.
7. How many new alt coin company can run of 20 to 25 dev team? not many.
8. Without zero marketing idea, or how to market the coin.
9. When coin price doesn't go up in couple of months, they give up.
10. If we can list on exchanges, we will get rich!

And list goes on... Post your opinion, why 99% alt coin will fail?

The rest of 1% Alt coin will survive beyond 2020 because >
1. They have a purpose and ambition.
2. They don't go after money, rather working hard to maintain back end.
3. Strong Development team, who knows what they are doing.
4. Keeping touch with social media, updating every move and letting investors know, they are in good hand.
5. Trust factor, you have to show that public will trust you.
6. Regularly have conference, at least twice a year and update investor, what's going on.
7. A clear road map, and actually follow it.
8. Thinking long term.
9. Hire actual marketing people rather than depends on this forum only.
10. There are million of people who doesn't use Facebook, Twitter, Instagram, you have to learn how to reach them.
11. Stop depending on Social media, We all know 70% people use social media is under 25 and they are student. They are not investor.
12. Try to connect your coin with any company, or organization, no matter how small it is.
13. Go slow, don't worry about your price, worry about your project and stability.
14. Hire online entrepreneur or even a YouTube star, if your audience is young and target market under 25.

I can go on and on but these are my opinion to be a successful in this field.  


I think 99% Alt Coin fail because this time coin very much, in the market we can see than 1000 coin, Alt coin is developing, beside have many people participant bitcoin and trade coin. Who don't understand bitcoin, they follow majority but they don't find out information of coin. I want to coin don't fail. Goodluck all my friends
full member
Activity: 532
Merit: 107
January 16, 2018, 01:04:48 PM
#71
Thanks guys, i already seen some alt coin dies within 4 months. Started great but then internal problem within the dev team cause few coins die. However, next few months will be interesting to see, what happens in crypto world.
full member
Activity: 238
Merit: 100
January 09, 2018, 02:57:41 PM
#70
You have done a detailed analysis of the situation. That's right. I can add that some coins were made for fun. For example penis token (PNS).  Cheesy
Yes, it's funny. But in this case, the creator of the currency also wanted to be remembered, and he did it.  Smiley
hero member
Activity: 1148
Merit: 518
January 07, 2018, 03:28:35 PM
#69
You have done a detailed analysis of the situation. That's right. I can add that some coins were made for fun. For example penis token (PNS).  Cheesy
full member
Activity: 518
Merit: 100
January 05, 2018, 07:37:49 AM
#68
I have confidence in only large ICO projects, with a large-scale project, the idea and support of large entrepreneurs. I noticed that in the bounty campaigns of such projects very stringent conditions for the participants. But maybe it's good.

Earlier it was possible to make good money on investing in the ICO as the market was new and no one else understood how to make money on it. Now only 1% of really good projects that in the future will make a profit.
sr. member
Activity: 420
Merit: 252
December 25, 2017, 11:58:11 AM
#67
Yeah in way or another you are right. Also people who follow these 99% of altcoins and want to make easy money can fall into their category and fail with their earnings. Nice analyse btw.
full member
Activity: 280
Merit: 102
December 25, 2017, 11:46:37 AM
#66
if a lot of coins that fail I hope to be a person who is not included in it, I want to be some other who benefit from alt-coin
newbie
Activity: 11
Merit: 0
December 24, 2017, 08:55:44 PM
#65
Trust me, my business advisors told me that 99% coins at the moment all copied bitcoin source code and deploy it under their trading name with some trick tweaks, they know that most of investors lack of technical knowledge, investors are just interested in project ideas, white papers, team profile, awesome home page and easily get trapped by beautiful reports and faked numbers, demo videos. Coin issuers are indeed just those who do sale and marketing instead of making technical innovation. Their target is your money and increase bitcoin value they had. When you use bitcoin to buy their coins, bitcoin increases and when you need cash you have to convert their coins into bitcoin, because no bank and organization would accept their currency,  to sell out but the bitcoin price at that time is increased much higher and so we have new bigger bitcoin bubble  Kiss
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