When trying to find a new promising project I check how much is it promoted because this is one of the most important thing. I observed that project that are hugely promoted everywhere on the internet have a good hype and they grow fast.
Your steps are good but I think step 2,4,6 doesnt matter that much because everyone can buy fake twitter followers to gain more trust. Again, on step 6 you said that you look at how many members does the telegram group have wich I think doesnt matter very much on the succes of the project because members could be fake. I also saw bitcointalk topics from different projects with more than 50 pages but they were all full of low quality posts.
Topic: How do you find new promissing projects? Here is how i do it. - page 2. (Read 356 times)
I also have some advices. I check personal whitepapers, team backgrounds and project plans that they design should also be in the know by investors to help provide confidence to the investor, what I worry is when they bring the money away investors only. To rate the current project I often help with the web https://icobench.com yes although not 100% but from there I can judge the ICO project is good or not not only that, there also provides KYC for CEO and it is definitely that helping to prove that his CEO is real.
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.
Thanks for sharing!
Review of tokens added today:
https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-la-la-lend-of-crypto-land
https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-la-la-lend-of-crypto-land
Update. Review of new coins added today using this steps: https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-westeros-in-crypto
When looking for new promising projects I'd say you want to look at the vision. An ICO might be great to make you a couple bucks here or there, but when a company has vision for the future that's when you'll be able to look back in 5 years and see returns you could have never imagined. Here is one of my favorite projects, they haven't even begun they're ICO yet but they are going to do great things.
https://bitcointalksearch.org/topic/m.31823480
The idea is to profit from token which ICO you've missed. There are too many project to track everything. https://bitcointalksearch.org/topic/m.31823480
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 for you sharing and I think I can make more good investment. I only read the white paper and research the history of the team members. 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.
When looking for new promising projects I'd say you want to look at the vision. An ICO might be great to make you a couple bucks here or there, but when a company has vision for the future that's when you'll be able to look back in 5 years and see returns you could have never imagined. Here is one of my favorite projects, they haven't even begun they're ICO yet but they are going to do great things.
https://bitcointalksearch.org/topic/m.31823480
https://bitcointalksearch.org/topic/m.31823480
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.
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