Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on July 15, 2019, 12:01:34 AM
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
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Developers have reasons to suspend projects that they have run for reasons of the market situation and the lack of interest from investors in new projects, failure to achieve the soft caps they are targeting can temporarily stop the project until the developers get the funds they are targeting to develop projects with minimal funds.
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
Basically the causes there are many cryptocurrencies projects has been stoped by the developer of team is the mindset of team, they don't know anything about the basic knowledge how to build businesses, they don't know anything about the structures of businesses, so even they have alot of money they don't know what must be done with their money. I have seen a project of cryptocurrencies even they don't get the softcap but the development of project is still running until today. So it is not about the cryptocurrencies or about the money more than it, it is just about how to build businesses especially related with cryptocurrencies space.
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
it depends on the project, some stop because they couldn't reach the goal of its project, maybe they didn't raise enough funds, some stop due to regulation while some stop because of internal issues
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Developers abandon their projects if the cost already outweighs the benefits. It is mostly about funding and you can also add regulation issues, team disagreements, or failed partnerships.
What can be done? As part of the community, you can help the team seek funding or you can encourage fellow investors to take over the project. If none of those is viable, then you can just sell your holdings at a loss then move on.
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It relies upon the venture, some stop since they couldn't achieve the objective of its undertaking, perhaps they didn't raise enough assets, some stop because of guideline while some stop in light of interior issues.
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I think the main cause is the lack of Funding or just the founder was realized that idea is not viable due the though competition in already exist cryptocurrency platforms.
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Simply we can't do anything for such projects. Some launches their project to collect the funds or scam the people and run away but its not the case of every project some are serious about their projects but could not get enough investors to run their project further or due to the bad condition of the market so they stop their projects.
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the purpose of the establishment of a project is to seek profit as much as the amount. because a thing that might become obstacles and obstacles until the main goal is not met. to avoid greater losses then the project was stopped. then evaluated and fixed in order to rise again.
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I see some reasons related to stopping their crypto projects :
1. They planned scam projects from the beginning so they just delay and delay but finally the team members will disappear.
2. They cannot get sufficient funds from the project fundraising. So, it will be hard to continue the project.
3. They still focus on improving something and delay the project for a moment.
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There are so many reasons why people stop their project and some of these reasons are;
1. They get less investors to invest into the project
2. Low patronage due to inadequate advertisment
3. Not having a good team backing the project which makes people not interested in the project.
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I do really believe there's some reason for it but I guess these two will be the common. First, Maybe they didn't reach the target funds while they are having the sales so it will cause a short on funds in the future so they will going to stop it immediately instead of facing it. Second, Some of them are really just collecting money and after the sales they will be gone.
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Many people just don't have enough money, don't have a normal project idea, or don't have a team, now in most cases the developers get money for the project development from different people and then disappear
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Mostly, the project that stops halfway is their lack of funds, they don't raise capital during the ICO, having a problem with their products, lack of support from the community and worst they just raised funds to scam people.
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In some cases, I saw the teams of the projects were not really serious to improve their projects. They didn't do hard efforts to promote their projects and provide proper fundraising. They just provide ICOs and have perfunctory promotions. Then, they announce to stop because the token sales don't meet the softcap.
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
I think some people stop their crypto project because they dont reach softcap or their project is not interesting. When the market is going down, I think investor afraid to invest their money. It also cause many projects are fail or suspended.
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there are many factors that make the crypto project stop halfway in my opinion,
there were a number of projects that I followed from the incompatibility of the team to the non-transparency of the funds which could make the project stop in the middle of the road
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I guess the reasons are likely to be:
-They are are scammers.
-Unskilled programmers unable to do what the project what them to do.
-They can't cover the cost to keep the project running.
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many factors affecting the crypto project were stopped, one of which indicated a scam project. some are not permitted in development in their country. besides the project factor that cannot touch the softcap.
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It was very clear that people who stopped their crypto projects because of low interest from investors or they just made them for scamming others only. I assume only the two reasons why the people stopped their projects.
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Many stop because that was the aim from the onset as it was meant to defraud unsuspecting investors that are taken unaware
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I see some reasons related to stopping their crypto projects :
1. They planned scam projects from the beginning so they just delay and delay but finally the team members will disappear.
2. They cannot get sufficient funds from the project fundraising. So, it will be hard to continue the project.
3. They still focus on improving something and delay the project for a moment.
I agree, there are many reason why do some people stop their crypto project as your write and I will add one reason that is because they can't wait in waiting for the ICO that hasn't yet been disbursed, even though the project has finished, so it is reluctant to work on the project again.
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All the creators of various projects have their own reasons, someone understands that it is impossible to translate ideas into reality, someone just disappears with money, and someone just maybe tired of working hard and decide to leave this area, in general there can be a lot of different reasons.
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On the contrary, such happens because their projects are not well planned. The sudden closure might be that they want to go back to the drawing board again to amend some things.
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It was very clear that people who stopped their crypto projects because of low interest from investors or they just made them for scamming others only.
Good reasons, mate. It makes sense that people stop their crypto projects because of the two reasons above. Since there are many scams and failed projects, not many people interested in joining crypto projects currently. I think we need to make people trust any more in crypto projects, especially on new crypto coins.
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We cannot stop investors to speculate in any altcoins, even we tend to offer them many times concerning reminders in selecting altcoins to carry in a very lone term.
But honestly, altcoins is that the main reason why I got earned most of the time here during this field of business. thanks to altcoins I will in a position toe arn bitcoin and put it aside too for the longer term. however perpetually keep in mind that altcoins are all unpredictable within the market as a result of they're all volatile.
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I think it is mostly because they are terrible projects run by terrible developers. They just gave on on their project and left. I think giving up is pathetic personally. They waste peoples investment money since there are many projects that are willing to dedicate their lives to their project and those are the projects we should be supporting and putting our money into. These projects will grow and if you get in soon you will make a massive profit. The problems is, these clowns that give up like this murky the waters for the rest.
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Many projects come to cryptocurrency only for the purpose of quick money. They have no idea how they will continue to work on their roadmap, and basically close in the first month.
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Yeah, you are right, and there are many projects that may not succeed from this acts due to get money quick attitude of some of these projects developers.
Again, one reason many developers stop their projects is,
Project running Out of Money (Bankruptcy).
The team behind the project reaches a point and becomes bankrupt. In most cases, this problem comes due to the aforementioned reasons. Some startups acquire loans from financial institutions to create a project, during the process of work, the team involved start disintegrating, and even others run away with the money meant for the project, remember the loan has to be paid, and what follows is the closure of the project.
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because those who run the cryptocurrency project lack understanding of their duties, so they can't develop or even die halfway.
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my attitude towards a project that stops in the middle of the road or there is no continuation, so I will decide to quit the project and search for a new project. for crypto developers create newer innovations to attract investors. one reason is the sale is not softcap and nobody is even interested in buying.
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because they are already aware of the huge losses that will be faced if the project continues. Because of the impact of greed of some investors who cheat. That raises fictitious projects for personal gain without thinking about others.
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They must have big reasons why they stopped their crypto project. I wonder if they didn't reach softcap and have not enough funds to continue their project. Or maybe they just scammed you and others from the beginning. So, they disappeared after getting some money from investors.
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I think there can be many reasons for some people to stop crypto projects. The team does not have enough information to run the project or investors are not interested in the project.
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Many investors, CEO, project administrations lost a huge amount of dollars, bitcoin, Ethereum, fiat due to dumping market situations, no project never cross its IEO and ICO price when it launched an exchange. So how can project be completed.
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Unfortunately, many projects have been released just to make money. This market is out of control, so there are so many different scammers out there who issue unnecessary coins to make money. I think in the future there will be criminal liability for simply releasing a product for the purpose of making money. I think we need a unit that will keep an eye on new projects and if it is a bad project or such project is already on the market then it will simply not be allowed on the market
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There are several reasons. Some of the projects were just bubbles that were only created to earn easy money from the bull market. Some of them are not able to survive the bear season. Of course some of them might have team problems, developers quitting the project and other issues. So you cannot be sure what the exact reason is
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Project developers who have ideas and goals that they have not yet reached will always update information at any time, even when the project gets very minimal funds from investors.
If the project developer does nothing, then it is a fraudulent project, they will do several ways to close the project such as a security problem with the application that was made so that they close all applications and websites that they have made
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The best thing that developers do is return the money investors use to invest in their projects. The possibility of this happening is the poor market conditions and inexperienced development.
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Some of the team's project make this kind of scheme to scam most investors. They are very active at first when fundraising takes place then they suddenly stop after fundraising, its their plan. Or some projects have lack of funds thats why they choose to exit the project cause they cant continue without funds for development.
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-snip- They are very active at first when fundraising takes place then they suddenly stop after fundraising, its their plan. -snip-
Yes, it is a common scheme of scams in ICOs. I have followed something like this many times. They were so active in the fundraising, and after getting soft-cap, they suddenly disappeared. Yeah, this make me afraid to join ICOs anymore, better to buy top coins I think.
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There can be many reasons. If we do not talk about scams that specifically collect money and leave, then for real projects this is mainly due to lack of funding and disagreement in the team.
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Maybe because they believe the project they made is unable to compete. or a lack of additional funds. Various kinds of reasons I think. There is nothing we can do. They just disappear. Even their telegram accounts have changed.
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I have experienced when I joined a project that failed and was unable to complete the project what they promised. Disappointed and angry when my investment doesn't give me profit and makes me lose money. I hope when they decide to stop the project, they will have to provide detailed information on why it happened.
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Fear , Legal problems , low interest in project ... the list is very long lol
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Many investors, CEO, project administrations lost a huge amount of dollars, bitcoin, Ethereum, fiat due to dumping market situations, no project never cross its IEO and ICO price when it launched an exchange. So how can project be completed.
It does not matter if it does not exceed the price of IEO or ICO when registered on the exchange. What's important is that the products they offer can be resolved. When their product is complete, and many positive responses. Surely the price of the token goes up again. Maybe with a few strategies.
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
Basically the causes there are many cryptocurrencies projects has been stoped by the developer of team is the mindset of team, they don't know anything about the basic knowledge how to build businesses, they don't know anything about the structures of businesses, so even they have alot of money they don't know what must be done with their money. I have seen a project of cryptocurrencies even they don't get the softcap but the development of project is still running until today. So it is not about the cryptocurrencies or about the money more than it, it is just about how to build businesses especially related with cryptocurrencies space.
I think the unwanted and un-anticipated things are the reason behind of suspended campaign including misconceptions toward the market unpredictable movement.
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I agree with some answers from colleagues here. There is because of cost, the team is not solid or differences of opinion, losing in competition and much more. Setting up a project is not easy. There must be something different from the products we offer. however, if there are no advantages to our products, it certainly makes us hesitate to continue the project we are working on.
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The most reason why they stop their project is that they do not get enough investors so that they do not have enough funds to run again their projects, especially to realize the real product. Additionally, they may also do not get good acceptance from the crypto community.
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
I think its fully depends on team or management opinion. Some times team think that their roadmap is very well and they will reach their goal easily but for market condition they fail to reach their goal. So they left the project and think for next project. On the otherhand some are scammers they only make good roadmap to take information from bounty hunters. So they also left the project. So there is many reasons for left the project yet.
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The most reason why they stop their project is that they do not get enough investors so that they do not have enough funds to run again their projects, especially to realize the real product. Additionally, they may also do not get good acceptance from the crypto community.
I agree.
Investors are one major asset in the project to go extra mile. Without enough numbers of investors the team will have serious problem to continue the project.
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Many people stopping their crypto project due to unstable market conditions. Now a days maximum bounty campaign project appears to be scammed and cannot achieve any achievement. Stopping project are often due to the investors crisis. I think it is a volatile conditions which remove quickly.
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They are unable to control the changing market all the time and it is certain they have a little financial.
I am also sure they have not started to be interested in being in a cryptocurrency environment because if they still like it already means they will continue to develop the cryptocurrency.
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We can only do one way before we start working on the bounty or investing in one of the crypto projects, it would be nice to check everything, from the website, whitepaper, team, roadmap, technology. Are all of them fake or not. If there is, we can immediately report in the forum so that other people do not invest in it.
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In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
Basically the causes there are many cryptocurrencies projects has been stoped by the developer of team is the mindset of team, they don't know anything about the basic knowledge how to build businesses, they don't know anything about the structures of businesses, so even they have alot of money they don't know what must be done with their money. I have seen a project of cryptocurrencies even they don't get the softcap but the development of project is still running until today. So it is not about the cryptocurrencies or about the money more than it, it is just about how to build businesses especially related with cryptocurrencies space.
I agree with you, because I am a witness to how startups were born and developed without a single dollar of investment. The point here is who is at the origin of the project and with what love and desire this and that product is made. Enthusiasm has not been canceled and it is a fact guys!
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Many crypto projects left their projects because they just wanted to make a profit from investors. They did it. As soon as they raised money, they simply left the projects and that’s it. And some projects that really wanted to enter the crypto community were forced to leave everything because of market conditions.
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Do you mean developers to stop their projects? They stop crypto projects in order to prevent losses since less interest from investors currently. From 2018 to the current year, crypto is decreasing and not really to have a better progress. Scams, failed projects, bad quality projects are more than enough to make investors be unsatisfied.
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Because of being market conditions, lack of investment, lack of investors and contributors. Actually project development success depends on investment and investors absence. Day by day investors are separated themselves from investment due to unstable market conditions. They altime face a huge amount of losses. So projects are going to be unsuccessful in middle of the project.
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In cryptocurrency, people are drawn to the idea of making money that changes their lives by investing in the right place, at the right time. As a result, when participating in cryptocurrencies, they risk all the risk of getting into a lottery ticket.
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In cryptocurrency, people are drawn to the idea of making money that changes their lives by investing in the right place, at the right time. As a result, when participating in cryptocurrencies, they risk all the risk of getting into a lottery ticket.
You definitely noticed about the lottery)
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I think the reason why a lot of developers stop crypto projects is that the results they get are not what they expect.