Hope you can share interest in Organicco project, which will use Green-technology to support our green Earth and future!
You can check it here: https://bitcointalksearch.org/topic/annicoairdrop-organicco-green-tech-proven-technology-3379079
Their Token is security. You can share company profit in future!
Topic: AltCoin Newbie - page 5. (Read 1141 times)
Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
Well, it is very important to know a bit about the crypto market, check the videos to get an idea about how the coins work. I came across 3 great coins, TAU, ICX and ADA and they are absolutely great in their earnings and profits. Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
You have to be very keen in looking at the ratings and comments about coins. You should check the website of all coins and then decide which one to go for. PRG, for instance has a great updates website and you can read their white paper. PRG is a great one for me, it is coming up with great projects.Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
if you are new to crypto, of course you do not know which altcoins are good, if you want to look for good altcoins, look for those on rank at coinmarketcap site
If lone doesn't be cognizant how to analysis if a currency is fine enacting long-term or not so brobdingnagian to pick few top 10 coins.
Adding to all of advices that were ahead - read this forum. You will not find more information anywhere than here. Just choose the right topics(not Altcoin discussion for example) and explore. I did so, and I am thankful to people who share their experience here
If you decide to invest in a particular project, then first carefully study it. Do not believe the rating sites, study everything yourself very carefully.
Try to create a portfolio in the cryptocompare and see if you managed to choose the right projects.
The best advise i can give you as a newbie is this, take your to read more and understand about blockchain and crypto market in general, believe me it will really help you in your entire crypto life, then when you are into the space, never stop learning. Wish you best of luck
I think no matter if you are investing in any cryptocurrency project, you should start by consulting the whitepaper because you can get a lot of information from the whitepaper, such as whether its products are innovative, whether it is demanded by the market, etc. Second is whether its team has the real ability to complete this project!
Bro, the newbie might not understand anything if he reads even the best whitepaper. I guess that the beginner should start with the self-education. He must learn everything about the crypto world.
like it was said before, use icodrops and icobench, then do your own researches, talk to admins in telegram chats, try to find good broadcasters on youtube and always diversify
I believe that you need to study the project. You have to check the rating, read the technical document. And you will make a decision.
Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
For any coin you see or find interest in, before you invest in it, join the community first, try to know the in and out of the project, the team, their goals and objectives and after then, try and do some balancing (evaluate) to see if the idea behind the project is something that will benefit the general public (Crypto ecosystem). Also look out for projects that actually has a demand in the market. The business or app behind the token must be closely integrated with the currency such that one cannot work without the other. Last but not the least, if you think you can trust the system, go for it.
Another thing to know about investing in cryptocurrency is the risk involved. Do not invest money that you cannot afford to lose. Cryptocurrency or ICO, unlike stock, holds very less value until the token actually hits the market and gains some popularity.
If you are going to invest in ICO projects, then first of all in order to succeed in this business, you need to learn how to find information about its developers, and for this you need to learn how to use the linked In platform. Secondly, be sure to read the white paper completely and try to understand everything there, even the technical part.
Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
Look into their website, Twitter, whitepaper and join their Discord room. Do not buy if the price is too high already. You can spot this by seeing its rank on coinmarketcap or calculate it yourself if the coin is not there yet.
Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
if you are new to altcoins, you can ask the crypto group on telegram, there are many people who give you information what are the nice altcoins, good altcoins example I think you can see its rank on coinmarketcap site
Well, As you have said that you are a newbie to the atlcoins here, I am sorry to say that it is very difficult to differentiate between the legit coins and the scam ones... even the experienced investors fall prey to it... so its better that you should do the thorough research first on Google and then make the right decision... Try to list out some points to look before investing in an ICO...
certainly should analyze the complete to look for coins that are legit. start it from the team, and the concept of technology, whitepaper. very few people nowadays want to analyze things like this and only directly follow what words and opinions of others. Indeed this is not wrong but if you could analyze itself I think would be the better result.
Icodrop and kickico might be two of trusted communities for us to determined some good projects. A project ratings on those webs might speaks for the project itself. Or you can go to a big exchangers and go search for a new released coins, and i think you can start from there too
Personally, I just look at their website first. If that is ghetto or uses jargon like "eco-friendly" without any credible explanation of how it will achieve that then I label it a shitcoin. If the website looks okay then I look for the team members behind it. If that is not disclosed I drop its score down a notch.
So my process is basically:
Website sniff test (is it up and running with a sensical mission statement?)
Who is the team (are they capable?)
A glance at the white paper
Is there a faster way to eliminate shitcoins? Does the Market cap tell me anything? What about the crypto groups that are focusing on some other goal like storing medical records--how will their coins perform?
I also understand that I could also just invest in shitcoins, the price action on some of these losers has been 10x-50x before crashing down...but there is just a much higher risk with that type of play even though it worked for some people. I believe speed of screening is something worth thinking about to narrow down your basket of cryptos
So my process is basically:
Website sniff test (is it up and running with a sensical mission statement?)
Who is the team (are they capable?)
A glance at the white paper
Is there a faster way to eliminate shitcoins? Does the Market cap tell me anything? What about the crypto groups that are focusing on some other goal like storing medical records--how will their coins perform?
I also understand that I could also just invest in shitcoins, the price action on some of these losers has been 10x-50x before crashing down...but there is just a much higher risk with that type of play even though it worked for some people. I believe speed of screening is something worth thinking about to narrow down your basket of cryptos
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