Why do some people stop their crypto project? - page 11.

imstillthebest

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Quote from: jacafbiz on October 29, 2020, 12:57:37 PM

Most of these people are scammers, there are many projects in 2017 that was hyped as the next big thing but are dead in the water now, some of these projects just heard about how easy it is to raise money from ICO and they exploit the greediness in the space,

not most but all of them because who the heck will stop the project when they already have a budget for this plus they dont give alibi's on why did that happen , they just completely fled away . its hard to choose on those countless projects add in the number of scam , if you will be the investor you will get intimidated .

only few are given a chance but its not just about pure luck , the effort and the idea that being put as a project creator can also play a big role .

jacafbiz

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Most of these people are scammers, there are many projects in 2017 that was hyped as the next big thing but are dead in the water now, some of these projects just heard about how easy it is to raise money from ICO and they exploit the greediness in the space, just like what is happening in DEFI space now, all you need is to add some fancy words to your projects and people come calling

Furryball

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Quote from: Sulman326 on August 09, 2020, 02:28:47 PM

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

Some projects have interesting use cases but as time goes on the team becomes tired for one reason or the other, mostly because lack of interest on their project, this is why its important for developers to come up with rare and useful ideas, not just some use cases that investors have seen hundreds of time before.

Shakil29

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A lot of times we see some big amount projects. In the beginning, they started well, but after a few days, they stopped the project. There could be many reasons behind this. For example, if the project is not successful or if the project is run by a bad person. Even if there is a project scam, it goes away after a few days.

Lantind

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Quote from: ansarose1 on October 25, 2020, 07:33:43 PM

I think some crypto projects being stopped or abandoned it is because of lack of funds, during their projects maybe they don't meet their target softcap or cannot pursue to their roadmap because of lack of funds from investors. Some crypto projects might stop due to the projects lack of investors in it, or maybe only few who engage to invest with the project.

The reason for the project being stopped or abandoned by the team due to the lack of funds from the investor is a very common reason, because with that the team will not be able to complete the project road map that they have compiled beforehand, so what the project team must fix is how to convince the investors to want to enter into the project they were holding at that time, if they could not do that, it would be very useless to use time to build the project, because the results would obviously be in vain.

ansarose1

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I think some crypto projects being stopped or abandoned it is because of lack of funds, during their projects maybe they don't meet their target softcap or cannot pursue to their roadmap because of lack of funds from investors. Some crypto projects might stop due to the projects lack of investors in it, or maybe only few who engage to invest with the project.

sapnu

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Quote from: enhu on October 25, 2020, 03:07:41 PM

Teams sometimes are doing it strategically. Sometimes it needs timing to update the community about the development. If the price somehow looks bad already the team will release a report to show they are not leaving the project.

And sometimes the ya re just waiting for the bulls to come. There are proejcts that I almost forgot already but last week I saw some of their twitter profiles are tweeting. And just in time the price also of BTC break the $12k.

Because even if the team is well organized and intelligent in what they are doing, still they cannot manipulative their own success because the success is based on their platform itself if there are low counts of investors that are supporting their project, the probability of failing is high. But if there's a lot of investors really support them because their project is promising, I can say that they can continue their project until it succeeds.

Chuky92

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The first can be if the project didn't meet the requirements needed of them from a particular country and so on, that is, they are not compliant to the rules set up by the government.
From another broader sense, many projects which started for a long time are still developing their ideas, it might not be fast nor all the time but at least the team are doing something. Then on the other hand, in some projects, maybe after a while the team now comes up with an excuse, and suspend the project or quit and so on; many scam projects took this lane. If you look at this two cases, you will see that on one hand, some teams are serious and on the other, some teams are fraudulent. So, to answer the question, some people stop their crypto projects because they have satisfied themselves, meaning the project was a scam right from the beginning. They had whitepaper, roadmap and even got the necessary funds, so why abandoning the project, if not they are scams.

enhu

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Teams sometimes are doing it strategically. Sometimes it needs timing to update the community about the development. If the price somehow looks bad already the team will release a report to show they are not leaving the project.

And sometimes the ya re just waiting for the bulls to come. There are proejcts that I almost forgot already but last week I saw some of their twitter profiles are tweeting. And just in time the price also of BTC break the $12k.

albon

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The budget of the project may be one of the reasons for its failure because the team wants to develop the project and they must pay money for that and thus money stands a hindrance in front of them, also there are projects whose idea may fail with the link to the blockchain, and the project may be an idea that is not innovative and this may lead to a lack of investors, and thus the team loses hope to continue to complete the project.

Pithaxz

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in my option, the reason why projects suddenly stops because team members and developers didn't manage and innovates their projects very well that investors lost their interest participating and investing their money. Unlike other projects, they continuously developing their project to make it more successful to attract more investors and to have a good value in the crypto market.

rehanahsan123

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In my view, most of the crypto projects halt due to both due to incompetence and insufficient funding. And further lack of innovation and lack of long term vision.

chikator

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This happens quite often than not, especially now during this pandemic a lot of these projects are resurrecting and its just hard to trust that anymore. A lot of abandoned projects are showing up again, i say just stay away from them overall, there are a lot of projects out there, dont put your trust on something that already lost it.

landoffaucets

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The problem is that they collect money before they prove their ability to build a project what they demonstrate in a whitepaper. The solution is called RICO - reversible ICO, when team doesn´t satisfy investors, investors could receive a refund through a smart-contract.

bakasabo

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Quote from: Mauser on September 21, 2020, 09:25:57 AM

I think the main reason why people stop there crypto project is that it doesn't create enough demand. Running a successful project is a lot of work, especially if you don't have an experienced team behind it. I believe many new projects under estimate the continuous work required for a good coin. To be a good project you need investor as steady stream of trades, without that project will be forgot too fast. So a continuous form of advertisement are required to acquire new investors every month.

To be able to do it, projects need a huge budget for promotion. Since cryptocurrency and blockchain are relatively young on the market, not many have that opportunity to spend alot. From my point of view, main reason still is money. Even a demanded and successful project can easily stop to exist.

Imho, crypto and blockchain are still in youth and there is not much believe in it from investors. We need minimum 10 more years for people to understand that blockchain is something they really need and not to be afraid of it and investing in it.

leatutz

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Quote from: lienfaye on September 20, 2020, 10:55:51 PM

Quote from: oprahwindfury on September 20, 2020, 10:38:27 PM

Beside the good plans and good investing to run a project it needs also people support.lack of investors observation and interest can be the main reason of stopping the crypto project.But It can also be an untold internal issue.

Yes if there's no investors who will support the project then the dev/team cant continue it, supporters are needed to make the project succeed.

So if the project suddenly stop/pause few reasons are behind it. But what common is it turn out to be scam and the only goal is to get the money of investors and escape. In this case moving on is the best solution and next time be careful what project to invest.

One project which one listed on tokpie exchange before YOUengine. I saw that project run by their own funds and they have been working since 2015. "Easyfeedback" is still a legitimate project for me. This project is an example of how to start a project without investor money. There are so many reasons why the CEO leaves the project without any official announcement.

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Quote from: Restmand on September 21, 2020, 09:18:09 AM

Quote from: Sulman326 on August 09, 2020, 02:28:47 PM

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

Some people tend to stop their crypto project for some reasons; first they are wasting their time to give efforts and time for the project without any earnings in return, some projects are not well manage by the developer thus making the project to stop, lastly the owner of the projects are scammers.

unfortunately there are many cases that occur because of a scammer in one of the teams, if the developer stops continuing the project because it is a waste of time I don't think it's possible because the developer is looking for money here and if they already get a lot of money then they will come out and take all the money away that has been collected.

Mauser

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I think the main reason why people stop there crypto project is that it doesn't create enough demand. Running a successful project is a lot of work, especially if you don't have an experienced team behind it. I believe many new projects under estimate the continuous work required for a good coin. To be a good project you need investor as steady stream of trades, without that project will be forgot too fast. So a continuous form of advertisement are required to acquire new investors every month.

Restmand

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Quote from: Sulman326 on August 09, 2020, 02:28:47 PM

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

Some people tend to stop their crypto project for some reasons; first they are wasting their time to give efforts and time for the project without any earnings in return, some projects are not well manage by the developer thus making the project to stop, lastly the owner of the projects are scammers.

Slon55koz

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Quote from: oprahwindfury on September 20, 2020, 10:38:27 PM

Beside the good plans and good investing to run a project it needs also people support.lack of investors observation and interest can be the main reason of stopping the crypto project.But It can also be an untold internal issue.

I agree with you, without the support of people, any even the best and most promising project will be doomed to failure.
If people trust the project and the developers who made it, then it can become successful and bring good returns to investors.

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