Why do most of you guys only care about partnerships & roadmaps?

minairia3

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

Quote from: 20kevin20 on August 19, 2021, 03:44:07 PM

I've been lurking on so many websites for so many years and I find it quite disturbing to see how most of the today's crypto users/investors mostly only care about "new partnerships" and "roadmaps". I feel like most of you are blindly investing in coins that either have a very long and misleadingly bulky roadmap or coins of which devs are betting you their lives that they're gonna bring their coin/token to Binance. Is this all crypto is for you? Binance listing and "roadmaps"?

First of all, besides bringing pump and dump volume, Binance/Coinbase/etc listings and similar kind of "partnerships" bring no advantage. They're literally there just to make it look like the newly listed token has some good potential. Truth is, Binance has been (at least allegedly) known for asking quite a lot of money for listings. Even if Binance doesn't, there are plenty of exchanges who do. And then, just take a look at Binance's listed coins. >50% of them are coins I never even heard about, pure shitcoins. Is it that necessary for a coin to be listed on known exchanges as a partnership or should this be coming from the exchanges themselves instead?

Second of all, these "roadmaps" are usually the exact same for all coins/tokens. New website, new wallet design, exchange, paper wallets, possibly HW support, marketing team and so on. But at the end of the day, if you look at the roadmap you need only a braincell or two to realise that all these hyped-up updates are literally worthless when it comes to the coin's development.

DigiByte brought some new tech to the crypto space for security. PoS was great for crypto development and studying. Kadena now came with a new, interesting concept of having multiple chains to avoid congestion. Monero came with the strong privacy support, PirateChain has a quite interesting idea of increasing privacy with every tx. There are a few coins here and there that come up with interesting new tech, but most of them are identical and have no real future, no real use case, no real development.

If we want this space to truly evolve, we need to come up with new stuff and test it out. Alts are most of the time testing grounds for large coins, the same way PoS was a testing ground for Ethereum and the same way some coins adopted SegWit long before Bitcoin did.

Yes, this is a rant. Take it as it is, I'm just tired of hearing "development", " partnerships" and "roadmaps" everywhere when I already know for sure they're all crap and bullshit. It's just pathetic, we should start to look for real for things that actually bring value to the crypto space.

Most people pay attention to the partner and the roadmap, especially the partner, and here are the factors that I list from my point of view:
1. If there is a large partner, the project will have a larger and more prestigious capital source.
2. If there is a partner, it will be easy to promote the project to many investors and the project will be known by many investors and they will buy.
3. Having a big partner to support you will be more assured about the long-term development of the project,

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Suke_Teki on August 21, 2021, 03:13:25 AM

Everyone has different criteria for assessing projects.

The only difference is that my and the OP's average experience is much more in this sector than any other newbie starting with crypto at this time. Grin

Quote

So what do you think about projects that lack support, partnerships and roadmaps?

Firstly the idea of these projects is mistaken. Hence any project made in this sector to be linked to a crypto is a fake one running only on some vaporware and attempting to compete with the mainstream fiat markets of the same. Hence thos pictures are useless crap.

Secondly the "projects" therefore have to show off with such support/partner/roadmaps. Essentially it is all an eyewash and these "partners" are only going to act as "Advisors" because they were paid to do so. The reality is that there is a said term that advisors/partners keep their money locked in for. This is not publicly known and when the term ends, they will dump all their bags and exit because that is what they do. This leads to the market crashes in specific altcoins that happens after a few months of listing.

Majority of bamboozled newbies dont understand this because they lack prior history of stock market and IPOs and the bounty hunters will be blamed for causing a market dump and you already know the rest of the cycle.

conected

hero member

Activity: 1302

Merit: 503

Quote from: ?? on ??

because it is the easiest way to assess a project. with many new partnerships and roadmaps on schedule, increasing investor confidence. maybe development is important, but I don't really care about this. I only focus on making profit. and the quickest way is to observe the project's business strategy. how many partnerships they can get, or are they running the roadmap properly. these two things are enough reasons to invest.

- Sometimes the project roadmap is not a point worth considering because those are just fixed projections of the project, they don't even know when they will be able to finish, they are making a false promise but still full of people who accept and believe as long as their partner is strong, empty promises can still be fulfilled even with delays. Therefore, the partnership is a potential source of competition for the project, just need to be related to binance or houbi and some big platforms like NEAR, Solana, virtually no need for a roadmap, it still makes a lot of noise in the market

Jating

hero member

Activity: 2842

Merit: 772

Perhaps it was the hype, when investors hearing projects about their partnership with this and that entities, that first thing that will come up to their minds is that the project might be interesting because of all this partnership, so they jump on the bandwagon.

Same with the roadmaps, investors look for the development path and what it can offer in the future. The sad thing is that most of this roadmaps are just good in paper and majority of them are not even followed by the devs themselves.

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: Suke_Teki on August 19, 2021, 11:32:46 PM

A good partnership really helps us to identify that this project has potential, Otherwise they certainly won't partner with it.

Quote from: 0xkii on August 20, 2021, 04:06:14 AM

true, it gives alot of confidence and with partnerships we know the project will actually work somehow.

Take a look at theta, early partnerships in 2018, price was very low, and today it's one of the most promising project..

Having partnerships is as easy as 1-2-3 when you created a coin out of which a certain % is owned by the devs. If devs get money from the project, it's so easy to negotiate a price with an exchange/platform to list your coin or "partner" with it. Listings and partnerships don't really mean much.

If partnerships are bought, it means the coin has to pay to have artificial evolution & development. That is gonna be very bad as soon as they stop paying out or they run out of money.

Quote from: anu1908 on August 21, 2021, 05:09:56 AM

listing is not as explosive as the past years. it do have some effects but not that great afaik. unless the token is coming from an unknown exchange to some big guy like binance, coinbase, etc. market is getting smarter, albeit just a little.

I doubt it's getting smarter, I think it's just that the trend is changing. I tend to agree with some of the above answers that nowadays "cryptonomics" start to matter a lot when it comes to picking a coin to invest in. People still seem to be tempted to follow the sheep rather than look after coins for themselves.

anu1908

sr. member

Activity: 770

Merit: 268

listing is not as explosive as the past years. it do have some effects but not that great afaik. unless the token is coming from an unknown exchange to some big guy like binance, coinbase, etc. market is getting smarter, albeit just a little.

Suke_Teki

member

Activity: 588

Merit: 10

Quote from: TheUltraElite on August 20, 2021, 01:12:29 AM

Quote from: Suke_Teki on August 19, 2021, 11:32:46 PM

A good partnership really helps us to identify that this project has potential, Otherwise they certainly won't partner with it. Remember potential partnerships, not bad partnership.

Exactly the wrong statement. Partnerships are made from money. You pay Binance for listing fees and they will gladly accept it as "partnership". But you will not understand this right now unless you have dug deeper.

Everyone has different criteria for assessing projects. So what do you think about projects that lack support, partnerships and roadmaps?
In addition, what do you think about some of the projects supported by several private companies such as SNZ Holding, Alphabit, and Exnetwork Capital? Will they be careless in choosing the projects they will support?

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Actually, I have to correct you there. I'm watching a lot of BSC projects and defi on ethereum and what not.

Nobody gives a shit about partnerships anymore. Those are ICO days. Seriously, they can announce a big partnership (these days it's polygon) and price doesn't budge.

Listings. That's what people still only care about. And "token economics" like how much will be airdropped and burnt.

I know, it's really dumb but I tell you, it isn't even as sophisticated as looking at roadmaps:)

tsaroz

legendary

Activity: 3094

Merit: 1069

DGbet.fun - Crypto Sportsbook

There are a great number of things to look when you are buying a coin and partnerships and roadmaps are two of them.
Partnerships are specially useful when you are trading coins for short period/on technical analysis while roadmaps are more important to fundamental traders.
A good partnership can boost the price for a short period and if you are quick enough, you'd get a good profit in a few days. Study of roadmap shows that how well the project is performing and what events they have passed through and what not. And if there's any significant event they are going through or missing soon.

decodx

hero member

Activity: 1456

Merit: 940

🇺🇦 Glory to Ukraine!

You're right, the copy-pasted roadmaps you provided in the example are useless. But if there is no road map, then how can a potential investor know what direction the project is heading?
While I agree with your comment regarding Binance, but there is no doubt that listing on major exchanges will give your project greater visibility and potentially attract new investors, which is good for the project.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

When Binance list a project then people don't really care about anything, they just want to sell the hype by immediate action. Roadmap plays a major role when the project is getting the initial success or else its a completely useless thing to analyse.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

With so many coins on the market, it is very difficult to detect which projects are being carried out seriously or have the potential for success in the future. Reading the roadmap and partnership is the simplest thing because it is usually shown at the beginning of the promotion. but it is not a certainty that a project will be successful or be handled seriously. strongly agree with you that the technology offered must be properly visible or tested it . not just writing and planning alone.

0xkii

newbie

Activity: 25

Merit: 0

Quote from: ?? on ??

because it is the easiest way to assess a project. with many new partnerships and roadmaps on schedule, increasing investor confidence. maybe development is important, but I don't really care about this. I only focus on making profit. and the quickest way is to observe the project's business strategy. how many partnerships they can get, or are they running the roadmap properly. these two things are enough reasons to invest.

true, it gives alot of confidence and with partnerships we know the project will actually work somehow.

Take a look at theta, early partnerships in 2018, price was very low, and today it's one of the most promising project..

HardCore12V

member

Activity: 223

Merit: 13

Roadmaps isn't on my list honestly, I've seen projects with good roadmaps and after many years there isn't any significant difference in performance and achievements, as for partnerships this clears some facts in crypto space

1. Partnerships with popular crypto projects or companies erase the doubts that a project can turn scam later on, though scam is still possible but way better than projects that standalone, such projects turn scam faster

2. Partnerships makes fund raising more easier, remember investors needs something to rely on when trying to make a decision whether to invest or not

ajochems

hero member

Activity: 1305

Merit: 511

Quote from: kidbounty on August 20, 2021, 01:44:06 AM

because that is the important point. good quality projects are seen from how capable they are of executing the roadmap and forging partnerships with other companies. innovation is important, but if it is not needed, it will just be something that is not profitable. So instead of focusing on projects that have innovations or new technologies, I'm more interested in projects that have mediocre ones but they partner with big companies. such a project is very easy to make a profit. and the average crypto investor today thinks the same as me.

Because it's important to see, the project is potential worth or just a fake one.Without seeing such things, if you inverse your money. It's just like a luck based gambling game. If you do trading with out investigation. Then it's not a trading and it's just a gambling to get profit.

kidbounty

full member

Activity: 1064

Merit: 101

HELENA

because that is the important point. good quality projects are seen from how capable they are of executing the roadmap and forging partnerships with other companies. innovation is important, but if it is not needed, it will just be something that is not profitable. So instead of focusing on projects that have innovations or new technologies, I'm more interested in projects that have mediocre ones but they partner with big companies. such a project is very easy to make a profit. and the average crypto investor today thinks the same as me.

Ulvajaya

member

Activity: 308

Merit: 10

In the crypto world, we need a clear map in directing certain coins so that we can benefit from the map, because it is not just geographic locations that need a map but in the cryptocurrency world we also need the right direction help in order to achieve success in the cryptocurrency market and investment of certain coins.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

The point is that they sell.

Whenever a news of a partnership appears the target population is sold. This includes the majority of newbie investors who can but will not buy bitcoin since the amount they have at hand is smaller than 1BTC worth of fiat and instead goes for these shitcoins. For them a partnership means more money and therefore more profit for them. They dont understand that partnering with an exchange site only leads to listing the coin there and nothing more.

It is even more idiotic when people talk about roadmaps as a consolidation factor to investing. I mean like seriously when does a company really catch up to their promises?

Roadmaps are created only to be delayed, is what I consider as proper use of the term. These should not be the reason for investing.

Fact that majority of the altcoins try to compete with established fiat companies is the worst thing. Because they are bound to fail.

Quote from: Suke_Teki on August 19, 2021, 11:32:46 PM

A good partnership really helps us to identify that this project has potential, Otherwise they certainly won't partner with it. Remember potential partnerships, not bad partnership.

Exactly the wrong statement. Partnerships are made from money. You pay Binance for listing fees and they will gladly accept it as "partnership". But you will not understand this right now unless you have dug deeper.

flip4flop

full member

Activity: 378

Merit: 135

Because most of these coins will go nowhere without a partnership or strategic goal. Sure a few years ago you could get away with putting in very little effort with a lame whitepaper and a team where half the people did not really exist and still get a ton of money pumped into your pre-ICO sale. While that does still occur it has become a lot harder to sound like a solid coin or investment. Thankfully many have gotten smarter which then leads to more new coins needing to put in the extra effort with roadmaps to help keep the promise alive. It also makes it easier to track which investments are actually solid projects. Look at the teams and roadmaps and hold them accountable for missing dates and deadlines. I like the fact that this is now the standard. It helps weed out some of the bad ones quickly.

Suke_Teki

member

Activity: 588

Merit: 10

A good partnership really helps us to identify that this project has potential, Otherwise they certainly won't partner with it. Remember potential partnerships, not bad partnership.
The roadmap also helps us to know whether their performance is in line with their target or not. some of the achievements in the roadmap also help to know what they will do in the future.
These two things are very important to me in investing, because there are many projects that don't have potential partnerships and a good roadmap end up being Shitcoin.

Topic: Why do most of you guys only care about partnerships & roadmaps? (Read 239 times)