Why Good Altcoins Fail | Bitcointalksearch.org

Mvaporis1961

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

Maybe they given up believing together with other alt coins who have reached so far that they can’t keep up the competition nor they have any ideas to develop to gain more investors. Then they have decided to stop wasting their time and realized that they are just keeping a front image.

Unikol

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Quote from: BTCwriter on April 14, 2017, 09:01:22 PM

Good altcoin never fail, the scam dev failed them.

What are those good altcoins?

baam25

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I have to agree with a lot of what was said above....momentum is a big thing. When a rally happens, it catches the attention of thousands maybe millions of people...you have to capitalize on that "15 minutes" otherwise you will go back to being a nobody!

So marketing is key. Good governance. Good community....

If you have those things, that's some good recipe for success. It doesn't always lead to huge rise in price coin, but over time, it does get recognized

ekoice

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Quote from: mace15 on November 17, 2016, 10:47:00 AM

Quote from: xvacator on November 17, 2016, 08:13:15 AM

Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

i think its because the price of bitcoin that going to go high and altcoin can not get rise and its normal. after the price of bitcoin stable, then its altcoin turn to raise the price following the price of bitcoin so lets we wait for a moment.

I agree with you, some good altcoins fail to pump right aways for
the possible reasons that they are still developing their system.
Or the possible reasons that it keeps not to high because of the
volatility price of bitcoin. When the bitcoin price seems high the altcoins
been goes down. So, no worries just hold the coins as long you bought
it at wiser price.

Definitely,whenever bitcoin rally occurs,altcoins price starts to fall.Now we all know that bitcoin price is increasing in rocket speed.Whatever potential the altcoin may have,but it suffers when bitcoin price rises.Its the reality as far as altcoin market is considered.

erick94

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I think a good coin can also fail the same as a stock in a company at any time can fail. It is not denied that any coins that might be a good initial period could fail if the public lacks confidence in the coin.

Yuhee

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Quote from: galaxiekyl on May 21, 2017, 07:16:49 PM

"why good project do fail..and coin not value ?"

It is enough to pose the problem in reverse..what doing project of value..the price coins or the service offers.

the true question is what do yu expect from a coin ?

-rentability

-trust

-exchange

-collector

in knowing this..yu will redirect to the coin wich yu look like..i was pro bitcoin..i sell my bitcoin because this project doesn't more look like me

For me a real coin is legit if it has some crowd funding or it has a team that spent high amounts just to start a project and patience until you can recover what you spent on the project. Because there is no shortcut to everything, you must invest first and look on different terms and gather a good and trusted members for it to be successful.

ngerok

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I think that's normal on the market, For example, shares of a company Stock companies sometimes also experience up and down prices.

galaxiekyl

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"why good project do fail..and coin not value ?"

It is enough to pose the problem in reverse..what doing project of value..the price coins or the service offers.

the true question is what do yu expect from a coin ?

-rentability

-trust

-exchange

-collector

in knowing this..yu will redirect to the coin wich yu look like..i was pro bitcoin..i sell my bitcoin because this project doesn't more look like me

emezh10

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guess that was just a normal thing in the market the price will go up and time from time to time but sometime the increasing price rate was really fast and also the bitcoin price is really increasing rapidly from time to time so i guess that a big thing about the rate of the altcoins in the market.

carlerha

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Quote from: topesis on December 02, 2016, 03:38:24 PM

It is more of human psychology, the believe that Bitcoin has negative correlation with most Altcoin is the cause and again the stop loss but on exchange is also responsible because once that limit is reached the sell order will be activated which will make it looks like a dump especially in low volume Altcoin

I think bitcoin has good correlation with altcoin. we are depending on altcoin for bitcoin. some time when we realize that an altcoin can give us good profit we transfer our bitcoin to altcoin for making some profit, while we need we again transfer our investment from altcoin into bitcoin again.

Unikol

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Quote from: BTCwriter on April 14, 2017, 09:01:22 PM

Good altcoin never fail, the scam dev failed them.

That is right. I think the ETH and ZEC will not fail.

BTCwriter

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Good altcoin never fail, the scam dev failed them.

andrei56

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

Altcoins are similar to any other product so why an altcoin fails, lack of support, lack of development, not enough investment, sloppy management of resources human monetary, lack of marketing or a bad marketing campaign and that is just the beginning.

MWesterweele

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

I think its because of the unstable value of bitcoin,they aren't go with the changing value, even though they coin want to be discovered and be popular in the world of cryptocurrency still they are can't go with the flow, so many coins have been fails to arise and many coin devs left there coins because of lack of interest and even because the insufficient fund to keep their coins alive.

stomachgrowls

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Quote from: Cryptotraider16 on December 02, 2016, 03:12:46 PM

Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

Becouse no big community!

This is one reason on which it has less community compared to bitcoin thats why they commonly failed especially if the interest is absent on a particular coin just like what coin you promote as i saw on your signature showing LEOcoin its just a total trash and with less support from people and lots of negative feedbacks it will surely fail no questions asked.

buwaytress

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Quote from: paramind22 on November 17, 2016, 01:04:27 PM

Thanks for the interesting responses. To clarify, I know there are a lot of bad altcoins. I was asking why good (as far as we can tell) altcoins fail, and I think there are a few examples of that. However, since there are not "boards" like in a corporation set up or even a consensual rule that altcoins should have a board addressable by the public, it's hard to know who these people are what their motives are. It would be good to know the "good" coins that have devs that are able to communicate on a weekly or even daily basis like most normal folks can.

You have to ask yourself or we have to ask ourselves what is our motivation for supporting an altcoin? If "failure" is judged by the coin's value against btc or fiat,then surely we've placed profit as prime motivation.

Take the case of doge and its unhappy campers who think it's a failure or will be one.

On the other hand its hardcore community still use it for its original fun, non-serious and even charitable aims. Failure? Not by a long shot.

topesis

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It is more of human psychology, the believe that Bitcoin has negative correlation with most Altcoin is the cause and again the stop loss but on exchange is also responsible because once that limit is reached the sell order will be activated which will make it looks like a dump especially in low volume Altcoin

Cryptotraider16

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http://www.leocoinapp.com/

Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

Becouse no big community!

galaxiekyl

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also alts doesn't must be confused, because it exist many project wich not have vocation to serve exchange money..like asset or reserve of value..i think alts which have a futur are those which bring a interest common at the crypto sphere..others are just P&D

Zefasen

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Quote from: Joint Force on November 28, 2016, 07:14:22 PM

It's because devs make no money from PoW mined coins! It's as simple as that.

Bitcoin succeeded because of the idea. Etheruem succeeded because it ran an ICO. I'm not sure why everyone hates on ICOs. Instead of buying a miner and mining PoW coins, go buy ICOs and/or buy PoS coins and stake them. Either way you are paying a lot of money to get into a coin. Instead of wasting money on PoW give the money to the dev and see what they can do. ICOs are the best.

Does it mean the ZCash Classic will fail? It seems it does not have a good plan to support the further development.

Topic: Why Good Altcoins Fail (Read 4481 times)