I always have doubts when the team conducts pre-sales or some closed sales. And the very form ICO too often causes concerns. I like when the project is simple and open. When the team does not ask anything from users and develops the project on pure altruism. as for example in the project Sound Money Coin.
I think that currently a simple project is not very interested by the existing investors because they prefer to be participants of projects that have good development and have projects that are very useful for many people. 
Topic: How do I know the trustworthyness of a new coin? - page 3. (Read 937 times)
If indeed you are a trader there is no need to worry about the quality of a project because you just there to make quick bucks and move on, what you need to do is to follow the news, hype and know how to read and study the charts, if you can get these things right then you should make money trading unless you are an investors
I do not think this is right not trying to know the true state of a coin before buying it whether you are a trader or investor. Everyone should research the coins they want to buy, trader or investor. With this you get to know the content of whatever investment you are making. An investor is also a trader because he has to sell before he can make profits too.
Study the market and you can find a good list of trustworthy coins which have huge earnings potential in short and long term both otherwise you can choose from top 20 coins of this market as they have highest trust, trading volume and the market cap.
Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.
Thanks in advance!
There is no book for you to understand how can we trust a new crypto projects because it is completely anonymous and no restrictions for anyone to create any number of projects as they want so we have to keep following them for long time before investing on the new crypto projects,anyone can turns out into a scammer at any time so I am not going to trust the new projects any more. I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.
Thanks in advance!
This field of trustworthiness comes with a tedious work and a precious time, you need to spend time reading the coins whitepaper, check their social media handles and interact with the community and most importantly, do a vivid check on the team behind the project or coin. These research will surely help and prevent you from being scammed.
I think the best approach to this or nay other thing at all in life regarding to investments is to make proper findings and research. When it comes to investments, it's not all about seeking opinions from people which most do but going into indebt research, reading about the project or establishment, then following personal instincts.
I always have doubts when the team conducts pre-sales or some closed sales. And the very form ICO too often causes concerns. I like when the project is simple and open. When the team does not ask anything from users and develops the project on pure altruism. as for example in the project Sound Money Coin.
It is always very hard to know but I think the actions and in actions of the project core team will let one know if truly their platform can be trusted. Ask yourself, are they always accessible, are they working on the project, are they giving updates regularly.
If the coin increases the number of users and is actively working on its development, then the project is probably good. Therefore, we first check and study the team. Then we check that the team cares and supports its product, and check the overall activity of the project on official channels and on social networks.
new coins, actually very difficult to believe, especially if the new coin is not a fork.
or at least the team and dev who manage the project are trusted people and have proven successful in the previous project
Lol it's easy to determine which is the untrustworthy coin if that was a fork coin. Any fork coin is a scam right now and i should not discuss it a lot because we all know that fork coin is a scam. or at least the team and dev who manage the project are trusted people and have proven successful in the previous project
It's difficult to determine the trustworthy ico coin because you must do a lot of research to get various information.
new coins, actually very difficult to believe, especially if the new coin is not a fork.
or at least the team and dev who manage the project are trusted people and have proven successful in the previous project
or at least the team and dev who manage the project are trusted people and have proven successful in the previous project
If I were you I would never trade a new coin. Because you can not know its trustworthyness. It is not so hard to find trustable coin, just check top20 in cmc website.
You can ,all you have to do is spend spare time on the projects and do thorough investigation on the project ,make sure their teams are real and make sure that what the project is trying to solve makes lotta sense and not just repetitive projects
If you are in for trading, I will suggest you get a reliable signal group where you can get which altcoins to buy and trade per day. But if you for long term trading, then try as much as possible to investigate the projects that you will be investing on if it will worth the wait or not, restrict yourself from investing on tokens having huge supply.
I wish you all the very best in your journey of crypto trading!
I wish you all the very best in your journey of crypto trading!
Do a research about the coin that you are interested in. Get as much information as you can. Find out who it's creators, what they have created before, analize that and then decide about it's future. Does it have a possibility to grow up? If so then buy it.
The best way yo know the trustworthy existing coin is through the maturely level of the involve in terms of providing the correction the community need, following the roadmap and level of community support.
For new project, the genuinely team involving information provided, the concept of the project, the project supporter (either private company or community) and the rate of the team attending to blockchain summit to advertise the project which is as a sign that the project is their number one priority.
For new project, the genuinely team involving information provided, the concept of the project, the project supporter (either private company or community) and the rate of the team attending to blockchain summit to advertise the project which is as a sign that the project is their number one priority.
You need to check the ICO by yourself. First of all, I am usually looking at the website and trying to check the team members. Secondly, I am reading the whitepaper and trying to find if it was copy pasted or not. At the end, I am checking the community stats and looking at their MVP.
Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.
Thanks in advance!
Knowing the trust of a new coin will about 99% depends on the promoters or developers of the coin project. If they are experienced entrepreneurs, then there is great hope. I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.
Thanks in advance!
Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.
Thanks in advance!
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.
Thanks in advance!
I will advice you to critically study coin market cap first before you invest your hard earn money so as to avoid loss of fund
I usually look for coins that have high volume. because according to the volume we can conclude that the coin attracts many people and most likely the coin is good for us to trade. You must do research first before deciding to trade. because with you researching your own potential good coins. You will find it easier in the future in finding the right coin for you to trade.
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