Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: What is happening to new projects?
by
mr_random
on 04/12/2019, 18:02:01 UTC
Quote from: Spider A4 on December 03, 2019, 06:29:31 PM
Quote from: mR.k0fka on December 03, 2019, 04:08:28 AM
Quote from: joseyphil82 on September 12, 2019, 08:04:21 PM
What the *eck is going on? we have many good projects coming into crypto space but they mostly end up failing, too many good new projects are dying as if they are been created to just die, what do you think its killing new good projects apart from scam projects?

its because people are making projects just to make money or experiment
its like in real life.. 95% of the startups fail and it always was like that.
Yeah, i agree with your opinion but i want add something likes a lot of projects launched by scammers. They are not experienced development i think it is main reason of fail projects. Very few people will develop ICO projects for research purpose. Huge new projects in the market but almost are not enough utility tokens.
In real life, the newly launched businesses fail with a %90 failure rate in their first year. Consistency is the key but many projects aim to make more money in the crypto industry rather than bothering themselves with the legal paperwork with regulators. Easy money for the scammers but they see the opportunities here with the wrong intention. New projects look professional but these projects can't survive in the long bear markets.