What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow
People are greedy and they want to earn online and they want to take advantage of the freebies. Such as the airdrops there are a lots of airdrop catchers who will make multiple accounts so they can receive a lot of airdrops. I know some of them and even though you tell them not to they will tell you that you are just jealous that they get more tokens than you. But this kind of people does not really the cause of the failure of a certain cryptocurrency. One of the biggest reason are the following:
1. Competition
There are a lot of cryptocurrency being launched through IEO's and ICO's and so peoples attention is divided. The winning team will be the one who have the huge sales.
2. Lack of starting capital
This is one of the reason why ICO's fail and the reason is that the developers and the CEO just launched a cryptocurrency to earn profit and does not have sufficient funds to run the project. They rely on the sales but the sales are not enough.