Topic: Why do some coins take off while others don't? - page 2. (Read 432 times)
In my opinion, marketing and exposure are the most important if you have a good product too. It is very important that everybody knows about the project, and more importantly that they want to invest in it.
Is it just timing, marketing or gimmicks as with doge?
i think it's completely random, basically whales decide to pump some coin, and other investors just follow the pump and make it more bigger, you see that some unknown coin are pumped without reason, but other are pumped because they added good features like chaincoin, with mastenrodes
Is it just timing, marketing or gimmicks as with doge?
Only the best ICO's survive.ICO need a good concept, something that will work. A solid team is needed also. The team will do good marketing also for it to be known.
It's marketing and promotion.
There are nearly 700 coins out there now (plus a few dead ones). It's no longer enough to have interesting tech or an interesting concept. Most people won't even hear about it unless you promote it and bring it to their attention.
In addition, you need to build a strong community that actually buys and uses your coins and will stand by you in difficult times. Look at the Ethereum community that kept the faith during various setbacks, or the doge community.
Without a community your coin is just a pump and dump coin, and that's if you manage to market it in the first place.
There are nearly 700 coins out there now (plus a few dead ones). It's no longer enough to have interesting tech or an interesting concept. Most people won't even hear about it unless you promote it and bring it to their attention.
In addition, you need to build a strong community that actually buys and uses your coins and will stand by you in difficult times. Look at the Ethereum community that kept the faith during various setbacks, or the doge community.
Without a community your coin is just a pump and dump coin, and that's if you manage to market it in the first place.
I agree, the coin should have risen of its demand in the community and it's good that people will eventually recognizes it in the trading sites so that more will buy this coin for their personal investment purpose. Those coins that's been taking off and became dead ones were those that has not been active on trading volumes of mainly became a shitcoins. So the declaration from trading site can will be a dead coin because no more investors will use the coins so far.
Im sure the reasons are many, but usually the strongest prevail in the end. It depends if the market is doing well as in, investors are buying or selling.
An other important factor would be Marketing. It's important because if the community doesnt know about your ICO then it won't be invested in.
Everyone has a new idea but not all new ideas work because the project isn't solid, the concept is not good, so good ICO's are needed!
And finally the team behind the ICO is what keeps the wheel turning.
All these are factors needed for altcoins or ICO's to be succesful.
An other important factor would be Marketing. It's important because if the community doesnt know about your ICO then it won't be invested in.
Everyone has a new idea but not all new ideas work because the project isn't solid, the concept is not good, so good ICO's are needed!
And finally the team behind the ICO is what keeps the wheel turning.
All these are factors needed for altcoins or ICO's to be succesful.
In most cases any alts with active developers and a close knit community around it, if it has strong fundamentals it has to pump one day for sure. Then there are pump and dump shit coins, which you should stay away from.
I think it's the same as any business but the things that I think make the biggest difference is:-
Timing - If the market is booming and people are investing, then more coins are going to be successful.
Marketing - Without marketing, people will not hear about your ICO, and therefore won't invest.
Concept / product - It needs to be a good concept, something that people want to invest in. If the product is poor, who would invest in it?
Originality - If it is groundbreaking, more people will invest.
You also have to dig deeper into the whitepaper, the team and how they are doing overall as well. If the project isn't doing so well, then people are less likely to invest. If they are getting huge amounts of investments, then people are more likely to also invest as they see it as less as a risk (safety in numbers)
Timing - If the market is booming and people are investing, then more coins are going to be successful.
Marketing - Without marketing, people will not hear about your ICO, and therefore won't invest.
Concept / product - It needs to be a good concept, something that people want to invest in. If the product is poor, who would invest in it?
Originality - If it is groundbreaking, more people will invest.
You also have to dig deeper into the whitepaper, the team and how they are doing overall as well. If the project isn't doing so well, then people are less likely to invest. If they are getting huge amounts of investments, then people are more likely to also invest as they see it as less as a risk (safety in numbers)
It's marketing and promotion.
There are nearly 700 coins out there now (plus a few dead ones). It's no longer enough to have interesting tech or an interesting concept. Most people won't even hear about it unless you promote it and bring it to their attention.
In addition, you need to build a strong community that actually buys and uses your coins and will stand by you in difficult times. Look at the Ethereum community that kept the faith during various setbacks, or the doge community.
Without a community your coin is just a pump and dump coin, and that's if you manage to market it in the first place.
There are nearly 700 coins out there now (plus a few dead ones). It's no longer enough to have interesting tech or an interesting concept. Most people won't even hear about it unless you promote it and bring it to their attention.
In addition, you need to build a strong community that actually buys and uses your coins and will stand by you in difficult times. Look at the Ethereum community that kept the faith during various setbacks, or the doge community.
Without a community your coin is just a pump and dump coin, and that's if you manage to market it in the first place.
so many possible reasons
but eventually the strongest technically will win just a matter of time for the sheep to realise they are getting fleeced with other lesser more expensive projects.
Marketeers are ruling right now but eventually the shit they are selling will start to stink up the place
but eventually the strongest technically will win just a matter of time for the sheep to realise they are getting fleeced with other lesser more expensive projects.
Marketeers are ruling right now but eventually the shit they are selling will start to stink up the place
Is it just timing, marketing or gimmicks as with doge?
They have something to do with the pump of a coin but it ain't the main factor all the time. As for others that have pumped recently like BCH, manipulation can be part of their recent rise and it's demand as well. Also, one must include the fact that some that did take off has been undervalued for a long time, and that pump will drive it to the real value that coin must have in the market. Still, those three that you have mentioned OP plays a big role in bullish market.
Is it just timing, marketing or gimmicks as with doge?
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