Topic: How do you find new promissing projects? Here is how i do it. (Read 321 times)
Thanks for information, it really help for all users who are newbie in bounty campaigns
Welcome Dropil and Banca on CMC.
https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-the-wall-street-of-blockchain-against-a-bot
https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-the-wall-street-of-blockchain-against-a-bot
If you want to take part in an ICO, you can visit the following websites which list the coming ICOs :
https://icobazaar.com/
https://www.coindesk.com/ico-tracker/
https://www.coinschedule.com/
https://www.icoalert.com/
https://cointelegraph.com/ico-calendar
Stan @ www.blockchains-expert.com
https://icobazaar.com/
https://www.coindesk.com/ico-tracker/
https://www.coinschedule.com/
https://www.icoalert.com/
https://cointelegraph.com/ico-calendar
Stan @ www.blockchains-expert.com
Added a new portion of revies for the following tokens: Debitum Network (DEB), Havven (HAV), Storiqa (STQ) and Loom Network (LOOM).
See on steemit: https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-ian-balina-found-another-gem
See on steemit: https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-ian-balina-found-another-gem
Thanks for the tips, i like this posts, if i had merit i would give you some, i didn't really unerstood the last part where you speak about percentage but i will study it more
Thanks, I'll continue doing this reviews on my blog on steemit.On the percentage, let's look at an example.
IHT Real Estate Protocol (IHT) was added around 2 weeks ago. It was listed on Kucoin exchange at price 0,00019 ETH then in first two days it went down 40% to 0,000114 ETH and then went up 36% to 0,000156 ETH.
Imagine that you wanted to buy it and set an order at listing price (i.e. bought for 0,00019 ETH). Then your holding would be down -18%. That's bad.
Now imagine that you've decided that bounty and bonus tokens would be dumped. You set 2 order. Half of your ETH to buy at -30% (i.e. for 0,000133 ETH) and the other half at -50% (i.e. 0,000095 ETH). The second order was not filled (i.e. you keep your ETH), the first order was completed. At this point your holdings would be up +17%. So you are in profit.
Remember: this is not a financial advice. It can go up so you will never have a chance to buy cheap or the projict may be scam and the price can go down and you will loose anyway.
Thanks for the tips, i like this posts, if i had merit i would give you some, i didn't really unerstood the last part where you speak about percentage but i will study it more
When you join a ICO first you need to study and have a look at the project whitepaper, roadmap, ERC20 token approval, project future planing, it's root or platform etc, check the comunity the design and the team
Then you will accept this project ICO or not.
Then you will accept this project ICO or not.
Thanks for your very very deep research and sharing this post. I was just looking the white paper and road map of the project and finding some other good way to check the project but in this post you given all clear and useful information. I think this is very very useful post for newbies. But I want to add thing is the price of the project, mean most ico trades lower after listing the exchange, so I want to ask you how to avoid this?
Good advice and i'm almost 100% agree with all what you told us on above. But all your advice only works if this token would listed on coinmarketcap (which meats ICO for this token already finished), while mostly their price are already higher than their ICO price (If you can buy cheaper, why not?)
Finding ICO and existing token are two different tasks. You always want to find ICO before presale. At this point it doesn't actually have a comunity or a large thread here. So you have to invest more time to read whitepaper and etc. I was focusing on new tokens and some trading opportunities.As for the price I can't fully agree. On a bull market ICO (or pre ICO with bonuses) price is the best. On current market conditions it is not always true. Coins are often listed at ICO price. Then people who got them for free make a dump. You can get coins at a better price. For example ICO price for BEE token was around 0.25 USD. Now you can get under 0.16 USD as it is not actually officially listed on any good exchage. Even without airdrops the price is dumped due to market conditions and weak hends.
So I would suggest to examine all opportunities and don't consider ICO to be the only profitable way of investment.
Good advice and i'm almost 100% agree with all what you told us on above. But all your advice only works if this token would listed on coinmarketcap (which meats ICO for this token already finished), while mostly their price are already higher than their ICO price (If you can buy cheaper, why not?)
Thanks for the information. For me is the transparancy of the project very important. What kind of pictures have they used on the website? Besides I take a look at the social media channels, mostly to Linkedin and Twitter for the team.
the way i found the project just as you did. the first thing I see is the announcement thread in this forum, the official twitter account and their telegram group. 3 things are very important, because we can see the responses of developers and their potential investors, we can also discuss directly with the project developers, so we can understand more about his project, what they offer and the purpose of the project. but I also always discuss with the local community to get maximum results and choices.
Great catch! These are 3 "whales" on which good projects stand. Any project needs to have comunity to be successful. So we need t oalways check how team works with comunity. And never forget that sometimes the fasters way to get answers on a project is to simply ask admin on telegram or here on the forum. Many people forget this. And a good project will always answer a good question and can give you insights, that you can't find anywhere else. 
the way i found the project just as you did. the first thing I see is the announcement thread in this forum, the official twitter account and their telegram group. 3 things are very important, because we can see the responses of developers and their potential investors, we can also discuss directly with the project developers, so we can understand more about his project, what they offer and the purpose of the project. but I also always discuss with the local community to get maximum results and choices.
Thanks for sharing you way, how you find promising project. It will help a lot of people. Im doing almost the same way, at the moment you need to be very picky with joining ICO. Market is not good for bad ICOs.
You should check the background of the ICO itself,check the founder and the team's profile if there are some anonymous people do not join because its morelikely going to scam people.Check the github developer's activity if there is some development going on,do not let these scam projects fool you be vigillant so that there will be no problems if you joined.
Yes, I agree, but it is more like stage 2. You should do all these checks, but you can't do it for all projects, unless it is your job. The idea of my post and steps is to find a fast way that you can use to check the project in 5 minutes. If the project worth attention, you can dig in further and possibly make an investment. If after 5 minute you don't like smth you can forget about the project and don't waste your time reading a whitepapper or smth. A lot of new projects are created every week. Some of them are scam, some are jusr averge and some are good enough to make you some profit. The most used source for finding crypto is coinmarketcap. When a new crypto is added there it becomes trully public, gets on new exchanges and expirience price moves. I always wanted to find a good way to profit from it. For that you need agood way to analyze newcomers fast (or you will just waste your time).
I've come with my own plan and shared it here: https://steemit.com/cryptocurrency/@cryptohumster/treasure-hunting-or-how-to-fast-check-coinmarketcap-newcomers
There is still a plenty of space to improve it. I look forward to any comments and suggestions.
These steps are not a financial advice of any kind and is added for purpose of discuassion and entertainment.
So here is a short step by step process that I do:
1. Go to coinmarketcap and check newcomers. Select a newcomer and check the following:
- Volume and price chart. Coin can have several hours of history that can’t be actually used for any tech analyses, but we still can see if people are interested (high
volume) and if early holders are dumping it.
- Markets. Check if it is added to your favorite exchanges. In most cases there is no pint to create account on a new exchange to get a coin. Exchanges can also say a lot about project potential. If the first exchange is Binance or at least Kucoin, the projects deserves some attention.
- Social. Get a link to official twitter account. Don’t try to search it manually, you can easily get to a scam page. If no official twitter, it is better to stay away from the coin.
2. Go to twitter. We want to see an active account that has: thousands of followers, activity (should post often), twits are often liked and reposted, account is communicating with followers (ask questions, do promotions i.e. involves people).
3. Go to the official site (twitter always has the link). We need to get a short description of the project to understand:
- What is the problem that project solves
- How it is solved
- Team
- Roadmap and future plans
Don’t try to dig too deep, just go over to get the first impression.
4. Go to telegram group. Here we want to see the number of members (10 – 50k is good) and an active discussions (hundreds of people asking how to dump it on exchange is on obvious red flag).
5. If you don’t like the project at this stage, then stop wasting time on it. If it seems good, then the next stop is ICO sites like icobench. Just check rating here. You want to see it as high as possible. You also want to see initial price, how successful was the ICO (if hard cap was reached), bonus and bounty program.
6. Go to bitcointalk. Check if the project has at least several pages of discussion. Check if comments are positive. Search for airdrops and bounties. You need to understand how many tokens were given for free.
Why studying bonuses and bounty is crucial for your success? Bounty gives free tokens. When people get them, they dump them and the price goes down. Bonus does the same effect. If people were able to buy it with 100% discount at presale you will see immediate dump even if it is listed at ICO price. Early investors will fix their profits and dump at least a part of their holding to return investments. You don’t want to buy it and see the price going down, but you want to buy it dirt cheap from dumpers.
So how to profit:
You need to keep in mind that any ICO has bounties and bonuses. It is not a red flag for you, but you should act wisely taking it into account. If after your investigation you want to buy it, it can be a good idea to set an order to -30% / -50%/ -100% or even buy in several orders on different price. If you would catch the coin low, you can then sell it in parts in the same manner when it gives you 30% / 50% /100% profit or hold it expecting greater gains.
Please share you expirience and help me to improve this.
I've come with my own plan and shared it here: https://steemit.com/cryptocurrency/@cryptohumster/treasure-hunting-or-how-to-fast-check-coinmarketcap-newcomers
There is still a plenty of space to improve it. I look forward to any comments and suggestions.
These steps are not a financial advice of any kind and is added for purpose of discuassion and entertainment.
So here is a short step by step process that I do:
1. Go to coinmarketcap and check newcomers. Select a newcomer and check the following:
- Volume and price chart. Coin can have several hours of history that can’t be actually used for any tech analyses, but we still can see if people are interested (high
volume) and if early holders are dumping it.
- Markets. Check if it is added to your favorite exchanges. In most cases there is no pint to create account on a new exchange to get a coin. Exchanges can also say a lot about project potential. If the first exchange is Binance or at least Kucoin, the projects deserves some attention.
- Social. Get a link to official twitter account. Don’t try to search it manually, you can easily get to a scam page. If no official twitter, it is better to stay away from the coin.
2. Go to twitter. We want to see an active account that has: thousands of followers, activity (should post often), twits are often liked and reposted, account is communicating with followers (ask questions, do promotions i.e. involves people).
3. Go to the official site (twitter always has the link). We need to get a short description of the project to understand:
- What is the problem that project solves
- How it is solved
- Team
- Roadmap and future plans
Don’t try to dig too deep, just go over to get the first impression.
4. Go to telegram group. Here we want to see the number of members (10 – 50k is good) and an active discussions (hundreds of people asking how to dump it on exchange is on obvious red flag).
5. If you don’t like the project at this stage, then stop wasting time on it. If it seems good, then the next stop is ICO sites like icobench. Just check rating here. You want to see it as high as possible. You also want to see initial price, how successful was the ICO (if hard cap was reached), bonus and bounty program.
6. Go to bitcointalk. Check if the project has at least several pages of discussion. Check if comments are positive. Search for airdrops and bounties. You need to understand how many tokens were given for free.
Why studying bonuses and bounty is crucial for your success? Bounty gives free tokens. When people get them, they dump them and the price goes down. Bonus does the same effect. If people were able to buy it with 100% discount at presale you will see immediate dump even if it is listed at ICO price. Early investors will fix their profits and dump at least a part of their holding to return investments. You don’t want to buy it and see the price going down, but you want to buy it dirt cheap from dumpers.
So how to profit:
You need to keep in mind that any ICO has bounties and bonuses. It is not a red flag for you, but you should act wisely taking it into account. If after your investigation you want to buy it, it can be a good idea to set an order to -30% / -50%/ -100% or even buy in several orders on different price. If you would catch the coin low, you can then sell it in parts in the same manner when it gives you 30% / 50% /100% profit or hold it expecting greater gains.
Please share you expirience and help me to improve this.
I don't invest in different projects very often, because most of the projects don't pass my check list. But my process is similar to yours. I start with the website, because most if I don't like something there, I don't go any further.
you are right, i agree with most of your points, but in a bull market like we seen in january, if a project is good we will see immediate 5x-10x after listing no matter how much the bonus was during ico, so if the project is good and market is bullish always invest during ico, otherwise wait to buy cheap from exchange, it is basically a game of volume and market trends.
This is very helpful for extensive analysis. Most of this can be applied when choosing a bounty campaign as well.
Thanks for sharing this with us!
Thanks for sharing this with us!
A lot of new projects are created every week. Some of them are scam, some are jusr averge and some are good enough to make you some profit. The most used source for finding crypto is coinmarketcap. When a new crypto is added there it becomes trully public, gets on new exchanges and expirience price moves. I always wanted to find a good way to profit from it. For that you need agood way to analyze newcomers fast (or you will just waste your time).
I've come with my own plan and shared it here: https://steemit.com/cryptocurrency/@cryptohumster/treasure-hunting-or-how-to-fast-check-coinmarketcap-newcomers
There is still a plenty of space to improve it. I look forward to any comments and suggestions.
These steps are not a financial advice of any kind and is added for purpose of discuassion and entertainment.
So here is a short step by step process that I do:
1. Go to coinmarketcap and check newcomers. Select a newcomer and check the following:
- Volume and price chart. Coin can have several hours of history that can’t be actually used for any tech analyses, but we still can see if people are interested (high
volume) and if early holders are dumping it.
- Markets. Check if it is added to your favorite exchanges. In most cases there is no pint to create account on a new exchange to get a coin. Exchanges can also say a lot about project potential. If the first exchange is Binance or at least Kucoin, the projects deserves some attention.
- Social. Get a link to official twitter account. Don’t try to search it manually, you can easily get to a scam page. If no official twitter, it is better to stay away from the coin.
2. Go to twitter. We want to see an active account that has: thousands of followers, activity (should post often), twits are often liked and reposted, account is communicating with followers (ask questions, do promotions i.e. involves people).
3. Go to the official site (twitter always has the link). We need to get a short description of the project to understand:
- What is the problem that project solves
- How it is solved
- Team
- Roadmap and future plans
Don’t try to dig too deep, just go over to get the first impression.
4. Go to telegram group. Here we want to see the number of members (10 – 50k is good) and an active discussions (hundreds of people asking how to dump it on exchange is on obvious red flag).
5. If you don’t like the project at this stage, then stop wasting time on it. If it seems good, then the next stop is ICO sites like icobench. Just check rating here. You want to see it as high as possible. You also want to see initial price, how successful was the ICO (if hard cap was reached), bonus and bounty program.
6. Go to bitcointalk. Check if the project has at least several pages of discussion. Check if comments are positive. Search for airdrops and bounties. You need to understand how many tokens were given for free.
Why studying bonuses and bounty is crucial for your success? Bounty gives free tokens. When people get them, they dump them and the price goes down. Bonus does the same effect. If people were able to buy it with 100% discount at presale you will see immediate dump even if it is listed at ICO price. Early investors will fix their profits and dump at least a part of their holding to return investments. You don’t want to buy it and see the price going down, but you want to buy it dirt cheap from dumpers.
So how to profit:
You need to keep in mind that any ICO has bounties and bonuses. It is not a red flag for you, but you should act wisely taking it into account. If after your investigation you want to buy it, it can be a good idea to set an order to -30% / -50%/ -100% or even buy in several orders on different price. If you would catch the coin low, you can then sell it in parts in the same manner when it gives you 30% / 50% /100% profit or hold it expecting greater gains.
Please share you expirience and help me to improve this.
Thanks randomhumster! I like the diverse approach. Social media doesn't seem to lie if you dig deep enough. I'm looking at a company called Deedcoin. Any thoughts? I've come with my own plan and shared it here: https://steemit.com/cryptocurrency/@cryptohumster/treasure-hunting-or-how-to-fast-check-coinmarketcap-newcomers
There is still a plenty of space to improve it. I look forward to any comments and suggestions.
These steps are not a financial advice of any kind and is added for purpose of discuassion and entertainment.
So here is a short step by step process that I do:
1. Go to coinmarketcap and check newcomers. Select a newcomer and check the following:
- Volume and price chart. Coin can have several hours of history that can’t be actually used for any tech analyses, but we still can see if people are interested (high
volume) and if early holders are dumping it.
- Markets. Check if it is added to your favorite exchanges. In most cases there is no pint to create account on a new exchange to get a coin. Exchanges can also say a lot about project potential. If the first exchange is Binance or at least Kucoin, the projects deserves some attention.
- Social. Get a link to official twitter account. Don’t try to search it manually, you can easily get to a scam page. If no official twitter, it is better to stay away from the coin.
2. Go to twitter. We want to see an active account that has: thousands of followers, activity (should post often), twits are often liked and reposted, account is communicating with followers (ask questions, do promotions i.e. involves people).
3. Go to the official site (twitter always has the link). We need to get a short description of the project to understand:
- What is the problem that project solves
- How it is solved
- Team
- Roadmap and future plans
Don’t try to dig too deep, just go over to get the first impression.
4. Go to telegram group. Here we want to see the number of members (10 – 50k is good) and an active discussions (hundreds of people asking how to dump it on exchange is on obvious red flag).
5. If you don’t like the project at this stage, then stop wasting time on it. If it seems good, then the next stop is ICO sites like icobench. Just check rating here. You want to see it as high as possible. You also want to see initial price, how successful was the ICO (if hard cap was reached), bonus and bounty program.
6. Go to bitcointalk. Check if the project has at least several pages of discussion. Check if comments are positive. Search for airdrops and bounties. You need to understand how many tokens were given for free.
Why studying bonuses and bounty is crucial for your success? Bounty gives free tokens. When people get them, they dump them and the price goes down. Bonus does the same effect. If people were able to buy it with 100% discount at presale you will see immediate dump even if it is listed at ICO price. Early investors will fix their profits and dump at least a part of their holding to return investments. You don’t want to buy it and see the price going down, but you want to buy it dirt cheap from dumpers.
So how to profit:
You need to keep in mind that any ICO has bounties and bonuses. It is not a red flag for you, but you should act wisely taking it into account. If after your investigation you want to buy it, it can be a good idea to set an order to -30% / -50%/ -100% or even buy in several orders on different price. If you would catch the coin low, you can then sell it in parts in the same manner when it gives you 30% / 50% /100% profit or hold it expecting greater gains.
Please share you expirience and help me to improve this.
Jump to: