Quote from: Rigorous on February 14, 2018, 06:13:59 PM

Quote from: rajatjain on February 13, 2018, 04:12:48 AM

Lol yeah! But crypto has made everyone impatient. The moment we see our coin staying stable or dropping 5 to 10 percent, in respect to some other coin jumping 30 percent daily, people lose their minds and wonder what is wrong with their coin and why it is not projecting that same growth.

The progress of real-life developments of a project is much slower than the price growth expectation. Truly an epidemic development that could result in a harsh reality check one day.

Here is a general example not particularly related to VibeHUB.

It starts with exchanges. Right after the ICO investors expect a listing on a decent exchange. Listing fees have skyrocketed in the past month as well as volume requirements. Cryptopia, currently suffering from scaling issues, is asking 5 million DOT for exchange listing, which at the current rate costs over $150,000.

Remember we are in a bear market. Bans, regulations and taxes are threatening the very existence of cryptocurrencies and ICOs.

The coin is listed on Cryptopia, but the price starts sinking because a central bank said something. Investors beg for a bigger exchange.

The developers strike a probably expensive deal with Kucoin. Kucoin organizes a promotion every time they list a new coin, so they list only a few coins a month. Investors are getting impatient even though the listing date is out of the developers' hands. Anyway, the coin gets listed on Kucoin and for 4 days the price of the coin goes up, before inevitably sinking back to its original price.

Investors start complaining again, this time for an even bigger exchange: Binance. I am sure you know where this is going. The price shoots up by 1000% the day the coin is listed, but soon the usual bear market ritual is repeated.

Now what? Where to go from here? Investors have become addicted to pumps to fix their positions. But we have ran out of bigger exchanges.

In the meantime, does anyone care about the fundamentals of the project? The future revenue flow? The technical progress of the project? No, because that takes way longer than a short term pump from an exchange listing.

And yet the coin has earned the reputation of being a shitcoin.

Maybe, just maybe, listing coins without a finished product is counterproductive.

It's quite hard for some people to understand but actually it is the reality which crypto currently face. And why is it like this? Because crypto is mainly just for greed, but a lot of people don't even care about the projects behind of it. People are screaming for big exchanges already during or before the ICO phase. Want to see big partnerships just to see their investment go up right after the token or coin release to 1000x.

Especially listing during a bear market has nearly no effect out of the reasons Rigorous has already stated above. The pump is mainly just some days, after that, everything goes down again because the market is nothing near to stable or bull.

Another problem is that people are used to this short term projects these days and that is what most of crypto was before. "Big" goals in 3 months or so. But for crypto to get a real life use someday, for the masses and not just for some nerdy crypto geeks, it needs to be used in some bigger scaled projects. But as soon as a project is there which needs more time people are screaming that it would be unrealistic. The problem is, peoples way of thinking is unrealistic. If they just would look how much time is needed to just make some projects outside of crypto sometimes then 1 year or longer is nothing, just to get into the phases were something can be really done.