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Topic: How do you find out cons of altcoins? - page 2. (Read 343 times)

sr. member
Activity: 1554
Merit: 413
March 06, 2024, 05:55:07 PM
#16
[....]Does anyone know of reliable sources that can provide unbiased overview of limitations and potential problems that a coin and their devteam is facing?
This is probably too time consuming and everyone is busy trying to make money. There may be some people who maintains their own spreadsheet of tokens that are under watch but I doubt they will share it willingly for free. Twitter and Reddit are still your best source of free information. Just be patient in weeding out the shilling bots.
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
March 06, 2024, 04:43:26 PM
#15
Altcoins have higher volatility than more established coins such as Bitcoin and ethereum, and also have the potential to cause high losses if proper and thorough research is not conducted.
And what you should do before getting involved in an altcoin or project, especially a new altcoin or project, is to do very careful and thorough research on the team, technology, and market demand before investing. Because new altcoins are highly susceptible to fraud or other failures, you are required to do your best research to consider them.
hero member
Activity: 1190
Merit: 516
March 06, 2024, 03:44:48 PM
#14
Never be provoked by what the media says, we must be able to do our own analysis. The media is full of gray where it is very easy to pay people to do good reviews of projects to improve the reputation of the project. You have to practice so that you can find your own method of analysis. You are risking your money here and without your own analysis, you just head into the gray side and directionless.

There is nothing standard in the world of crypto, and there are no reliable sources that are accurate. We just do analysis and predict what will happen. Sometimes we are wrong, so we have to go back.

Project success is usually influenced by the team behind it. Apart from that, community support, project ideas, a clear road map, active social media so we can see that the technology they offer will be needed by people for a long time. You can join to invest with little side, see comparisons and find differences and you will sharpen your analysis slowly.



I don't think most people invest in an altcoin by seeing an ad on Twitter or other social media. Most people follow any influencers who tell them to invest in a project or they follow any journal where any author publishes an article about any project. Thats how many new people got interested in the crypto project. Some people say the best way to lose all of your money in crypto is to blindly follow a YouTuber, and that is why it is important to do research on a project or get an expert opinion about it before investing.
full member
Activity: 1274
Merit: 175
Catalog Websites
March 06, 2024, 12:54:56 PM
#13
Quote from: JayTrain
When it comes to new cryptocurrencies, finding objective information can be a challenging task. I always rely on analytical resources like CoinGecko or CoinMarketCap. However, they don't always provide comprehensive information. So, I visit the project's website to learn about their technology, roadmap, community, and team. If these criteria meet my standards, I form my own assessment and, most importantly, check social media to read community opinions.
Most of the relevant information that can help you to make a good choice are from coinmarketcap because, there are different coins you can invest to earn well in the future but there are some coins you will get from the marketcap to invest and you will not like what you will achieve in the future.

 If you are more active in this forum, you will see some potential altcoins investors are putting their money during the bear run and they are making money from the altcoin right now because since the bull run occurred in the market Ethereum, Solana and BNB hodlers are busy selling their altcoins to make a cool money.
member
Activity: 294
Merit: 14
Chainjoes.com
March 05, 2024, 05:01:05 PM
#12
Never be provoked by what the media says, we must be able to do our own analysis. The media is full of gray where it is very easy to pay people to do good reviews of projects to improve the reputation of the project. You have to practice so that you can find your own method of analysis. You are risking your money here and without your own analysis, you just head into the gray side and directionless.

There is nothing standard in the world of crypto, and there are no reliable sources that are accurate. We just do analysis and predict what will happen. Sometimes we are wrong, so we have to go back.

Project success is usually influenced by the team behind it. Apart from that, community support, project ideas, a clear road map, active social media so we can see that the technology they offer will be needed by people for a long time. You can join to invest with little side, see comparisons and find differences and you will sharpen your analysis slowly.

legendary
Activity: 3234
Merit: 1613
#1 VIP Crypto Casino
March 05, 2024, 03:07:55 PM
#11
It’s always a good idea to do extensive research in any coin before you decide whether or not you should invest in it or not, especially if you plan to invest a significant amount.  Pros & Cons will be different for everybody, it’s personal. There are some general things you can look for though What is the Market Cap, what is the Max Supply, what’s the Circulating Supply, what’s the Total Supply. Who are the project founders, there are so many things to look for but ultimately the risk is yours to invest or not invest.
hero member
Activity: 1190
Merit: 516
March 05, 2024, 03:06:05 PM
#10
There are many things to look into, especially if you are investing in a project that is relatively new. For a new project you need to look at the team, funding, concept and roadmap. Also you need to make sure it has good tokenomics because sometimes the price of the token can be confusing. FDV and circulating supply are two key factors for a project that will tell you if it has healthy tokenomics or not. Without great tokenomics, even a good project token will fail to meet the price expectation.
sr. member
Activity: 1414
Merit: 270
Undeads.com - P2E Runner Game
March 05, 2024, 03:03:49 PM
#9
You don't need to get into the technicals of a project to understand whether it has potential or not, you should check whether it has a good team, and you can check that by doing some research on the team members to see which projects they have been working with in the past and whether those projects were successful or not. If you don't find anything convincing, the project must not be very impressive.
Other than that, you can follow up on their developments and how they keep their community engaged, their social media handles should give this up. If you don't see much reactions and organic followers for the project, it probably means it isn't interesting.
I don't agree with you. Without understanding the final product (its technical component), but only on information about the project team, it is short-sighted to make investments. There are quite a lot of talkers and “effective” managers who only talk, but cannot implement the product for years so many. Of course, it is necessary to study the project team, look through the Githubs of programmers, and find out the list of investors. Therefore, many factors must be taken into account, even if it seems complicated.
legendary
Activity: 1946
Merit: 1157
Enterapp Pre-Sale Live
March 05, 2024, 02:50:17 PM
#8
~snip~Check for red flags, and be wary of coins that have many bots or overly enthusiastic supporters promoting them. This could be a sign of manipulation.


Ever bought coins in a group full of active bots, but user interaction was not so much. Only the group owner and a few always-on admins promised a 100x, 100x etc. hike and then slowly the coin was rug pulled and abandoned. It's good before buying any coin, especially new coins, then see how the coin reviews. Usually, there will be many influencers who analyze and see how the coin works. Don't fall into the trap of scammers.
hero member
Activity: 2506
Merit: 644
Eloncoin.org - Mars, here we come!
March 05, 2024, 01:37:13 PM
#7
You don't need to get into the technicals of a project to understand whether it has potential or not, you should check whether it has a good team, and you can check that by doing some research on the team members to see which projects they have been working with in the past and whether those projects were successful or not. If you don't find anything convincing, the project must not be very impressive.
Other than that, you can follow up on their developments and how they keep their community engaged, their social media handles should give this up. If you don't see much reactions and organic followers for the project, it probably means it isn't interesting.
full member
Activity: 658
Merit: 100
March 05, 2024, 09:44:48 AM
#6
Investing in new coins is very risky for beginners. Many people suggest looking for a safe position to invest, on Bitcoin or Ethereum. But for me, making an investment in the top of 10 best coin list on Coinmarketcap is not too bad. Many new coins lose value a few monts after launch because developers only think about their wallets from the ICO. So you have to get to know the coin developers and see what potential they promise.

Does anyone know of reliable sources that can provide unbiased overview of limitations and potential problems that a coin and their devteam is facing?

There is no official and reliable source to analyze a new coin project. We have to make standards and analyze them by ourselves or ask on this forum. I usually check Icoholder and see if they are listed there. If they have a good reputation, I will give them one point. Then I will look at their website, about their plans and ideology, about opportunities, road map, technology and more. I will also check their social media to review their work progress and their update. Lonely social media means it has no potential.

You also can use Coinmarketcap to analyze a coin. There you can find information about how much daily volume trade, where their listing on exchange, the curve dan lainnya. May be this is from me, hope this will help you.

full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
March 05, 2024, 05:52:16 AM
#5
When it comes to new cryptocurrencies, finding objective information can be a challenging task. I always rely on analytical resources like CoinGecko or CoinMarketCap. However, they don't always provide comprehensive information. So, I visit the project's website to learn about their technology, roadmap, community, and team. If these criteria meet my standards, I form my own assessment and, most importantly, check social media to read community opinions.
hero member
Activity: 2464
Merit: 594
Bitcoin Casino Est. 2013
March 05, 2024, 05:38:05 AM
#4
Research the team behind the coin, investigate the backgrounds, and track records of the team members. This can give you insights into their ability to deliver on their promises.

Understand the Technology, try to understand the underlying technology of the altcoin. This can be technical, but it’s essential to know what makes the coin unique and whether it’s feasible.

Check for red flags, and be wary of coins that have many bots or overly enthusiastic supporters promoting them. This could be a sign of manipulation.



hero member
Activity: 3080
Merit: 603
March 05, 2024, 05:23:39 AM
#3
Devs are one big red flag if many of them have a bad history.

Does anyone know of reliable sources that can provide unbiased overview of limitations and potential problems that a coin and their devteam is facing?
You have to gather every information that you can. Being unbias isn't in the term of many reviewers and you can only find them rarely that provides insights that are for the sake of the people. But most of them are only giving them biased reviews and thoughts about project whether they like it or not.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
March 05, 2024, 01:17:10 AM
#2
Because research in itself, especially in the tech+finance world, is quite technical lol. That's why most people don't/can't pick the right coins, because they're simply incapable.

Does anyone know of reliable sources that can provide unbiased overview of limitations and potential problems that a coin and their devteam is facing?
There's no one-size-fits-all source to see the cons of a project. It's mostly just use-case and economic viability that determines a project's general viability is in the top-level. And there's the basic stuff like determining if the project/team is fake, and the like.
newbie
Activity: 1
Merit: 0
March 05, 2024, 12:11:35 AM
#1
Without shilling any coin names, I've been eyeing some relatively newer altcoins to stake a bit in and everytime I try to find information, most of what I find is the official sources or diehard supporters which make every coin sound like the next best thing to takeover the entire market. That's obviously not true. I've tried looking through coin-specidic subreddits too but obviously the mods aren't always going to leave criticism up under the banner of FUD.

I know there was multiple focused discussions on this sub on how to do your own research, but I either can't find them, or I find the ones that are too technical about trying to calculate market cap potential and coin estimates, which does not really matter to me. Does anyone know of reliable sources that can provide unbiased overview of limitations and potential problems that a coin and their devteam is facing?
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