The importance of community CRYPTO

If you have been in the crypto scene for a while you probably already know this but if you don't like so many then you will want to read this.

Why is a community so important in the crypto envoirment?
Coins depend a great amount of their succes on the community behind it. A small but active community motivated about the coin can do a great deal of PR and spreading the word around as to get others involved and let the community grow.
The coin in return prospers as the result of it being picked up.
A large community but inactive tells you a great deal of what is really happening, which is most likely that people saw a coin they think has potential to grow into good profit but simply are on board because they want to sell it.
The result: The coin prospers and the community abandons it leaving it to sink into the depths of the cryptocurrency ocean never to make it to the surface again and draw it's last breath of life drowning in a big dump.

Always be sure to check the community that is behind a certain coin to asses the situation. From there on you can decide what to do. Understanding the impact of a community on the coin and price and can be a deal maker or breaker.

Be sure to always check the community one way or another when dealing with ICOs and potential coins to invest in.
Do they have a reddit page, is it being mined, are they on twitter, slack and telegram? Are they on facebook or other social platforms. Do they have a blog or forum? Is there a healthy interraction between the community and the team of a coin?

Those are keypoints to look for in this industry. The crypto industry relies heavily on crowdfunding thus one of the most important things to the developers and founders should be the community as it forms the backbone of any coin.

Hope you enjoyed this post, like, share comment leave some steem and enjoy your day or night.

Greetings,
Xanthus