Topic: Why 99% Alt Coin Will Fail? A Case Study - page 6. (Read 1838 times)

You nailed it mate,i wouldnt invest in any altcoin that qualifies in your post.

  Thank you guys, I have never seen such a detailed explanation of a question

this case study is worth nothing and is just bitcoin sect/ establishent internal propaganda, the current established top coins can also all end up in the 99% that will supposedly dissapear, you guys broke a box of pandora with questioning the nation states financial cartels,

1. People making millions of crypto currency, we can make it, lets make a coin.

if others do it why not doing it too? after all making money is much less difficult than actually creating a good service product, and it has many other benefits,

2. People have no idea, what they are getting in, and how to run a company or organization.

billionaires children also do that, but they where able to try young working with big dimensions others werent,

3. People wants easy money.

who doesnt?

4. No reputable organization or company behind the idea.

not always, the case, nevertheless why should the rich with their advantages, (salary slaves, ressources etc.) continue to stay in their position to live off others?
 
5. Most of people under 25, wanaa be entrepreneur, without any background or knowledge.

you see the university education bubble? the reality has shown those that tried and build in young ages were much more successful than those that first payed unacceptable amounts in time and money, for a university eduction

6. Most of the alt coin start with ICO, expecting to collect millions of dollar from it, without any capital.

most icos, want to become capitalists, the samel like the current us dollar printing elites are...

7. How many new alt coin company can run of 20 to 25 dev team? not many.

i think in the future people will beg others to join their team, because after the currency and the property bubble collapses, no one knows whats valuable and what not.
good ideas need good teams, big teams arent necessarily strong, and huge corporations nowadays, live off the rest of the population because they were grown arround a financial cartel/inquisition

8. Without zero marketing idea, or how to market the coin.

ther is no perfect marketing strategy, societiy is divided in multiple groups all are different, they response to different marketing strategies differently

9. When coin price doesn't go up in couple of months, they give up.

ok thats the one i think is true, persistence is important

10. If we can list on exchanges, we will get rich!

jes thats true just check coinmarketcap, you just have to be in the top discussion of the current area and you are getting rich, thats all, many new altcoins purposely have a huge amount of token because coinmarket cap lists according to market capitalisation,

in the future even coinmarket cap wont be honest.

regards

Thank you for your detailed information. Many ICOs established just want to raise easy money. No development, No concept, and Totally Scam. I hope the TRUTH ICO will be longlast.

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.

You are a logician. You are balanced and constructive in approaching business and the market. Some whales are very smart; they have very much experience. When you listen to them, your mouth opens with admiration. However, there are not many such people. Many large purses just want to multiply their money. They do not care what happens next. Today is profit, and tomorrow they will come up with something else. But 99% is an exaggeration, in my opinion.

I am sure that not 99% at least 20% amx 50% will fail during the first year of working.  And in generall could you show us a date which u have used for your calculations and for creating your point of view? I think that you just lost some $ and now you must do something against alts...
Otherwise you should not say 99%, because I know a lot of well working small projects, but not discovered yet by wider audience.(maybe it's good?(currently)).
But i have to agree that there is a lot of scam and new ICOs which will fail soon, but it may be 30-50% but definitely not 99%.
Maybe it will be 99% when the current bubble will burst? Who knows...

Ah, the joy of the free market 
Only the best will survive.

I noticed that some good company don't make bounty campaign anymore, because they are afraid that the bounty members sell all earned tokensall on the stock exchanges and the rate of their coins is falling. So I think that over time successful projects will not give opportunities to participate in their bounty

I got your point, your argumentation with very clever points is something what every single new member of this community should read before they make something stupid and they'll blame everyone but not them.

Your analisys is quite correct, what is unclear is which will be the exact percentage of the surviving coins. It coul me much more... or much less than 99%.

I agree with your opinion! It is impossible to say with certainty and predict the growth of a coin, especially in the long term, since the market is still not stable.

Some Altcoins project is not good.
If they do not work hard enough then their project will not be ready.  they will fail.
If the team is good and had a vision then too price will rise and will create demand else mostly coin will fail In most cases.
thanks.

There is a vivid example - the Doge. As far as I know, the coin was created for a joke. And exists for several years, periodically demonstrates a very strong growth, but then it also falls strongly, but still lives!

There is nothing obvious in cryptocurrency. A coin which has not shown a good rising in the past can catch a good rising. Yes, there are a lot of useless coins, but sometimes unexpected coins can catch unexpected prices.

I agree with some of your statements, the main issue is the fact that startups are using it as a way to raise cash rather than to create a great altcoin. I think once people stop investing into alt coins that have no value it will change.

The first thing you should do before investing into any altcoin is to ask yourself "why are they doing this?" is it just to have an ICO? or does it have a benefit.

Great point of view,you just killed all the dumb ICO makers,this is very helpful for the newbies.

It's a matter to spot that 1 %. Interesting point, this happens also in real life, most enterprises will break, here in the digital world that 1-99% relation is actually truer as you can expose whatever you want on the internet regardless of your real management skills.

More or less the same points could apply to any industry in early stage of development.

How many car, computer hardware, .com sites... existed and how many of them lasted for more than 10 years?

If you are participating in a campaign you need to research about the project first before applying,some campaign will be run by reputed managers so it is better to join in their campaign because they take the responsibility of paying the participants at the right time.But it is better to join in the signature campaign which is paying in bitcoins because they are always legit and pay with escrow.

Many coins are created everyday but only for the earning purpose they will leave the investors once they made enough profit so research about the history of the project team before investing or promoting their project.