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What made you exit the projects you invested in? What was the last straw?

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by COINS NEWS 97 Views

I assume that most of us once, probably right at the beginning of getting to know cryptocurrencies, invested in some projects that were hyped, shilled, etc.

The possibility of believing that some project is "real deal" is especially strong if we are in a bull market when we are surrounded by green colors. After a while, we probably saw that it was not quite the way we thought.

For me, the straw that broke the camel's back is the bad response of the team behind that project when times are "tough". For example, if the project is doing really good, especially in a bull market, but then after some incident, or some hacking, maybe a simple mistake, teams response is bad.

Also, if the team behind the project changes all the time, then no matter how good it looks, something is not right and something "stinks".

Even some projects that the majority of redditors once thought were good are probably "dead" or simply haven't progressed for years. If something hasn't progressed for years, then we have nothing more to look for. I don't know, but my rule is that if some projects goes sideways, without doing much for 3 years then get out of it...(I think someone smarter then me said it but I can't find it).

I guess we can discuss a little bit about "bad" projects and "failures" of some of coins we invested in before.

submitted by /u/middlemangv
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