Why a Crypto Needs Vision

in #bitcoin6 years ago (edited)

Today there are more than 3000 cryptocurrencies in existence and very few have a vision of where they are headed in the future. Claims are made from developers on ANN's and not much follow through is then carried out besides trying to get their coin listed on an exchange. What do all these cryptocurrencies have in common ... No vision of where they are headed.
Some coins have been abandoned by the development team and left to either die or try and be rescued by another dev team however it has been my experience that most if not all rescue coins end up dying due to the long term bag holders dumping their bags first chance they can when markets "reopen" or a swap happens and the swap coin is listed then dumped. This leaves investors who bought into the original coin with 2 choices .. dump the bag or hold and end up with a coin that will be delisted due to inactivity, and once delisted future listing fee's will be even harder to come up with by any dev team that attempts a rescue.
Some coins are being run by dev teams that dont know where to take their coin once it is developed. Buzz words are tossed around like a cheap house salad and then eatin' up by "investors" not knowing these buzz words will eventually be the downfall of their coin. White papers are released to ensure investors of the road-map ahead however very seldom do road-maps get met and white papers actualization happen even less.

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Only BTC and Steem are real.