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Author Topic: Why do some people stop their crypto project?  (Read 21856 times)

Offline Delgboke

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Why do some people stop their crypto project?
« on: July 15, 2019, 12:01:34 AM »
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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Why do some people stop their crypto project?
« on: July 15, 2019, 12:01:34 AM »

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Offline zilzylian

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Re: Why do some people stop their crypto project?
« Reply #1 on: July 15, 2019, 02:54:50 AM »
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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Re: Why do some people stop their crypto project?
« Reply #2 on: July 15, 2019, 08:26:23 AM »
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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Re: Why do some people stop their crypto project?
« Reply #3 on: July 15, 2019, 08:37:35 AM »
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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Re: Why do some people stop their crypto project?
« Reply #4 on: July 15, 2019, 11:09:43 AM »
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.

Offline Davenethan07

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Re: Why do some people stop their crypto project?
« Reply #5 on: July 15, 2019, 11:41:28 AM »
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.

Offline masterrex

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Re: Why do some people stop their crypto project?
« Reply #6 on: July 15, 2019, 02:51:51 PM »
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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Re: Why do some people stop their crypto project?
« Reply #6 on: July 15, 2019, 02:51:51 PM »


Offline gurunanakji777

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Re: Why do some people stop their crypto project?
« Reply #7 on: July 15, 2019, 03:22:41 PM »
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.

Offline Marby

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Re: Why do some people stop their crypto project?
« Reply #8 on: July 15, 2019, 04:19:22 PM »
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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Offline Alter

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Re: Why do some people stop their crypto project?
« Reply #9 on: July 15, 2019, 11:31:16 PM »
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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Re: Why do some people stop their crypto project?
« Reply #10 on: July 16, 2019, 12:25:57 AM »
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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Re: Why do some people stop their crypto project?
« Reply #11 on: July 16, 2019, 01:29:11 AM »
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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Re: Why do some people stop their crypto project?
« Reply #12 on: July 16, 2019, 06:03:04 PM »
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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Re: Why do some people stop their crypto project?
« Reply #13 on: July 16, 2019, 09:05:56 PM »
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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Re: Why do some people stop their crypto project?
« Reply #14 on: July 16, 2019, 11:01:08 PM »
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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