alot of good (not in it for the fiat) crypto devs keep to themselves and do little promotion, however the scamcoin types are conman types and as such promote alot.
as they say when it comes to advertising all advertising is good advertising, so alot of talk about scamcoins (even negative) promotes them.
often great coin communities keep to themselves and seem to be mainly preaching to the converted.
Topic: Why Good Altcoins Fail - page 4. (Read 4481 times)
IMHO the biggest problem is that I can't deal with too many coins at the same time, they could have interesting features I can try to use them, but most of times I get "tired" and I forget the coins (and the money stored in that from faucets). Most of my altcoin earnings are under "papperwallets" which are stored on my PC.
Its hard to predict what coins will catch on and which will not.
Burst for example, is a great project with a fully-developed GUI wallet that incorporates mining right into the wallet.
They also have some really cool ideas like an "asset exchange" where you can buy stock (basically) in a project and share in the profits that are returned.
But, the price remains low, lower than other coins that I would say are total garbage.
Will Burst become more popular? Only time will tell.
Burst for example, is a great project with a fully-developed GUI wallet that incorporates mining right into the wallet.
They also have some really cool ideas like an "asset exchange" where you can buy stock (basically) in a project and share in the profits that are returned.
But, the price remains low, lower than other coins that I would say are total garbage.
Will Burst become more popular? Only time will tell.
The question you should be asking is "Is Burst a good altcoin?". The answer to that usually is no. 99.9% of them are not good and they are mostly scams to make bitcoins from. In another post I said that altcoiners are really closet bitcoiners because they convert everything to bitcoin eventually. Many of them do not even withdraw their altcoins from the exchange.
Its hard to predict what coins will catch on and which will not.
Burst for example, is a great project with a fully-developed GUI wallet that incorporates mining right into the wallet.
They also have some really cool ideas like an "asset exchange" where you can buy stock (basically) in a project and share in the profits that are returned.
But, the price remains low, lower than other coins that I would say are total garbage.
Will Burst become more popular? Only time will tell.
Burst for example, is a great project with a fully-developed GUI wallet that incorporates mining right into the wallet.
They also have some really cool ideas like an "asset exchange" where you can buy stock (basically) in a project and share in the profits that are returned.
But, the price remains low, lower than other coins that I would say are total garbage.
Will Burst become more popular? Only time will tell.
OK, shill, please stop.
Its hard to predict what coins will catch on and which will not.
Burst for example, is a great project with a fully-developed GUI wallet that incorporates mining right into the wallet.
They also have some really cool ideas like an "asset exchange" where you can buy stock (basically) in a project and share in the profits that are returned.
But, the price remains low, lower than other coins that I would say are total garbage.
Will Burst become more popular? Only time will tell.
Burst for example, is a great project with a fully-developed GUI wallet that incorporates mining right into the wallet.
They also have some really cool ideas like an "asset exchange" where you can buy stock (basically) in a project and share in the profits that are returned.
But, the price remains low, lower than other coins that I would say are total garbage.
Will Burst become more popular? Only time will tell.
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 also habe that fustrstion. You follow a Dev for a very long time and then they just give up and leave or the Dev stays for some time and leaves and the coin is not doing well bit getting better and he will only leave and not return and we hold onto a worthless coon when the Dev dumps of he is a scammer after he runs.
But then it is difficult for folks who know nothing about programming and the likes to identify a good coin from a bad one just by reading the white paper, because the paper contains lots of technical terms that are hard to understand. 
Yes your right!, it is very hard for the people here in bitcoin world who don't have any idea in the programming technology, Or sometimes the developer who made the coins is running away and take all the collected coins with the big amount of bitcoins. In the end their investors will become a victim of scam.
It's funny, there are hundreds of coins, and a lot of them with high market caps, and some like Curecoin and Namecoin that seem to have reason to exist, but you rarely find people defending the reason for them in these kinds of threads. All the defense is in the announcement threads by the amount of energy keeping them going. The only reason an altcoin needs for existence is sincere people wanting it to succeed for some reason, like Dash, Doge, Ethereum, Monero, there doesn't need to be some cosmic written-in-stone absolute worth of its existence except if people want it there. Yes there are a lot of scams and naive teams but all the FUD in the world doesn't seem like it will slow all of them down. I understand the reason to focus on BTC alone, the rest seem unstable and a good way to lose money. But the creativity and sense of ownership for the small teams of people that are sincere shouldn't be looked down on, especially if it creates income and employment. If foolish people lose their money, they would probably lose it some other way anyway. No sense in blaming the idea of altcoins in general.
I can totally agree with your last sentence. i remember when back in Q1 2015 people started to blame altcoins in general, and since then even more crying babies appeard around here.IMO if you are dumb or retarded you just easily can profit or benefit from a lot of altcoins.
1. First of all if you are a miner and you bought strong mining equipment, new coins are a MUST for you, since just imagine if 1-2 new coins would appear in a month. The cost of your mining equipment would never break-even.
2. If you are a trader you just need to catch the good entry and exit point and not blame the dev if you was dumb enough BUY HIGH, SELL LOW.
3. If you are a crypto-enthuasist is the heaven for you
It's funny, there are hundreds of coins, and a lot of them with high market caps, and some like Curecoin and Namecoin that seem to have reason to exist, but you rarely find people defending the reason for them in these kinds of threads. All the defense is in the announcement threads by the amount of energy keeping them going. The only reason an altcoin needs for existence is sincere people wanting it to succeed for some reason, like Dash, Doge, Ethereum, Monero, there doesn't need to be some cosmic written-in-stone absolute worth of its existence except if people want it there. Yes there are a lot of scams and naive teams but all the FUD in the world doesn't seem like it will slow all of them down. I understand the reason to focus on BTC alone, the rest seem unstable and a good way to lose money. But the creativity and sense of ownership for the small teams of people that are sincere shouldn't be looked down on, especially if it creates income and employment. If foolish people lose their money, they would probably lose it some other way anyway. No sense in blaming the idea of altcoins in general.
many unncessery pump and perhaps project is hard to achieve
most of the alt coin couldn't develop because it was lack of interest and to be honest there are too many alt coin that being created without a solid foundation, why should a user used your coin if your coin doesn't has any extra advantage or extra feature than other coin? if your coin got extra things that other coins don't have then you need to push your advertisement to let people know it
There are way, waaaay too many altcoins on the market. No one is ever going to want/need/use most of them. New ones keep getting pumped out with no purpose, much less advantage over existing coins. Seriously, who's going to spend trump coin? Or any of the zillions of shitcoins that you see on Yobit and other exchanges?It's bitcoin or bust. Maybe Dash & DOGE. The others can go gargle a sausage.
To the main question, quite simply because they are not actually any good.
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.
Because what you consider as "good altcoins" are either scams or that there really is no need for them and they are all riding their own hype by taking advantage of the economic law of supply and demand, and the typical altcoiner's gullability and ignorance. The demand part is fake because, as mentioned it is derived from hype. The supply part is created out of think air just like in the case of ICO tokens and proof of stake coins.
That's true, take a look at Litecoin, people who bought it a few years ago are having terrible losses, if they did not sell it half way. Perhaps the alts market is very hype-driven.
at some point probably many devs realize that their time spent supporting/developing the coin doesn't pays of
They should agree to be bought out then, at the price the market will bear.
Well, like Namecoin and others lesser, like Earthcoin, someone might want them.
at some point probably many devs realize that their time spent supporting/developing the coin doesn't pays of
They should agree to be bought out then, at the price the market will bear.
at some point probably many devs realize that their time spent supporting/developing the coin doesn't pays of
They should agree to be bought out then, at the price the market will bear.
at some point probably many devs realize that their time spent supporting/developing the coin doesn't pays of
most of the alt coin couldn't develop because it was lack of interest and to be honest there are too many alt coin that being created without a solid foundation, why should a user used your coin if your coin doesn't has any extra advantage or extra feature than other coin? if your coin got extra things that other coins don't have then you need to push your advertisement to let people know it
I think Earthcoin looks good.
You're kidding, right? EAC was a pump & dump scheme from the start and its currently not being dumped, because majority of the coin is controlled by the Chinese. Let (for example) Poloniex list it and see what happens. Its market cap will drop from $1,24Mn to 0 faster than a bullet shot against a wall. Charts are not lying:
I am not kidding and don't want to be accused of giving credence to a pump and dump. Just raising the question. It's one coin you can mine on all the existing low end ASICs and make something that looks like a profit if the coin goes up a little in value. Did the Chinese also create all these merchant websites? Surely, someone was sincerely interested in this coin at one point http://getearthcoin.com/business-and-trade
When I see that, I really worry about the people at the top who are in control of the website, etc. It's harder to do things in the world than people generally know. I would more likely give someone the credit of simply caving from pressure than actually being a scammer, when the
background of the coin looks this good.
a profitable coin isn't a good coin, only because you can make profit mining with it, not mean that is a good project, and marketcap being high also is not a synonymous of having a good coin, a good coin is simply a coin that can be used other than pump and dump, like bitcoin which can be used to buy stuff
Jump to: