How Sure Are You That You Invested In A Right New Coin? - page 5.

Pinkris128

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Quote from: coin-investor on September 21, 2019, 08:25:05 PM

It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?

There is no 100% assurance that all of your investments will be successful. There is always the risk of the coin failing or the market prices falling. But the risk could be lower if you pay attention not only to the price of the coin but also to the trading volume of the coin for the past weeks. After monitoring, the rest of the decision will be primarily yours to call. You could ask someone else in the industry but in the end, the last say must be you.

pedpedped101

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There is nothing like being too sure in crypto. You might make predictions based on some facts, but can also change if some conditions that were previously pending, should change.
Also, just invest and wait for the right time to sell, but not to hold forever.

plast555

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The right project has some key features:

1- To be customer-oriented. When you have a question in your mind and if you have instant answers on both Telegram and other social media accounts from the team. It shows that team has a perfect customer support and it's a good sign for project.

2-I have observed that projects that allocate a high amount of budget for marketing have a better quality team. This shows that they have an understanding that rewards their users rather than forcing people to run on a "voluntary" basis.

3-Projects that share the money they earn with their users are always one step ahead. It shows the team has a generous manner

kidbounty

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HELENA

I no longer believe in new projects. therefore I will not invest there. regardless of how much money they get, at this time maybe only 0.1% of new projects actually do development after their ICO / IEO ends. on average new projects do not work based on the roadmap they made at the beginning. the result is no one trusts them anymore and there is a dump. for those who invest long-term, this is very painful. seeing money disappear just because they believe in a new project, it seems like it's enough once or twice this kind of thing is repeated.

DimitrisLodirogas

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Quote from: coin-investor on September 21, 2019, 08:25:05 PM

It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?

Take your time and investigate the project as much as possible. Check their social media and look for consistency and reporting their achievements, look also at all exchanges where they are listed. It's better to take more time for a clear decision.

JCviggen

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Quote from: ?? on ??

Quote from: barnes13 on October 17, 2019, 10:39:52 PM

I don't think it's as difficult as you think, if you really do your own research by reading carefully from the whitepaper they have, then you can find the truth there. As we know that now there are many services that provide whitepaper writing for a project, if you often read projects that rent services like this then you can know that what makes the concept is not the pure result of what they planned. It might look good, but actually it's just a copy of some of the previous projects with a little modification added. The second is that you can verify the team members involved in the project, if any of them have fake data then you must be careful with this.

Correct, if we did our part there is at least 90% assurance on our part that the project is legit if we really make investigation about it. But if we just invest because of their promises then expect the worst thing to happen. Checking the identity of team members will help you a lot, so don't skip this step.

What resources do you use to check the team? Do you compare their photos with other photos in the Internet? I heard that some people are trying to get in touch and make calls to team members.

red4slash

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Quote from: attech21 on October 17, 2019, 11:46:59 PM

As if to my experience having a personal research to a bounty let you see its details surely. Most of us just looking at their whitepapers but we can also see their statistics and the reputation of the company if it was a good to us or not also we can consider that it was a right project if its details was good enough to encourage you to join in and help it to become successful.

to learn statistics from a project might be difficult and I don't think it's general because there aren't many people who understand it. therefore most of them do research by looking at the whitepaper section and the experience of the existing team

Ejanend

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Quote from: Pearls Before Swine on October 17, 2019, 08:15:03 AM

Not sure if op or anyone else is talking about coins or tokens here. If this is about tokens, I don't think any of them are worth investing a single satoshi in because I have yet to see a project that adds value to anything, and most of them are just straight up scams.

If we're speaking of coins with their own blockchains, the situation is very much the same. There are already so many on the market that none of the new ones are really adding anything in terms of innovation. Mostly they're just created to make a profit for the creator, who usually premines the shit out of them.

I stick to the better established coins when I'm buying alts, and the newer releases don't hold my interest. To answer the question in the title, it's kind of simple. You can be sure you bought the 'right' coin if it appreciates in value during the time that you own it. There's no other yardstick I know of to measure success than that one.

Indeed. The more you know the better it is. In order to make the right choice, just know all the available choices, choose the ones having good reviews and do some research on the best ones. That is the key to become a successful coiner. Everyone knows that bitcoin is the first crypto currency and has produced millionaire. It is supported by masses so one should start its journey from this coin.

Free1bitco.in

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Quote from: barnes13 on October 17, 2019, 10:39:52 PM

I don't think it's as difficult as you think, if you really do your own research by reading carefully from the whitepaper they have, then you can find the truth there. As we know that now there are many services that provide whitepaper writing for a project, if you often read projects that rent services like this then you can know that what makes the concept is not the pure result of what they planned. It might look good, but actually it's just a copy of some of the previous projects with a little modification added. The second is that you can verify the team members involved in the project, if any of them have fake data then you must be careful with this.

precisely. we don't know if we don't do in-depth research, other than that everyone has their way of determining whether a project is good or not. in addition, although a white paper can indeed be made by an expert, the concept of the project is different. You can read it carefully on the web, and others. if it has similarities with other projects, I don't think that's a good project.

attech21

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As if to my experience having a personal research to a bounty let you see its details surely. Most of us just looking at their whitepapers but we can also see their statistics and the reputation of the company if it was a good to us or not also we can consider that it was a right project if its details was good enough to encourage you to join in and help it to become successful.

barnes13

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I don't think it's as difficult as you think, if you really do your own research by reading carefully from the whitepaper they have, then you can find the truth there. As we know that now there are many services that provide whitepaper writing for a project, if you often read projects that rent services like this then you can know that what makes the concept is not the pure result of what they planned. It might look good, but actually it's just a copy of some of the previous projects with a little modification added. The second is that you can verify the team members involved in the project, if any of them have fake data then you must be careful with this.

BennyK

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Quote from: jessyj48 on October 17, 2019, 01:13:06 AM

Investing in top 5 or top10 coins is simply guaranteed that you invested on the right coins, they get ranked up to that level because of how good they are and its not easy to get ranked up to top 10, top 10 coins are safer for everyone

You have a point but investing in top ranked coins on the market is not all that matters. Most of the top ranked coins on the market have been dormant or static in price movement especially upward movement for a long period of time now. What matters here is the ability to earn profit from ones investment irrespective of the coin's rank and that determines whether the investor has invested in the right coin.

Youghoor

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Quote from: coin-investor on September 21, 2019, 08:25:05 PM

It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?

First and foremost, there is nothing like investing in the right new coin. In investment, you basically invest in something for a particular reason, and that is the potential of increasing your invested capital. People don't invest in new coins but they consider the relevance of the coin to the crypto space and the possible market value of the coin. If a coin has a true purpose in the crypto space, it is worth investing in it but it can't be described as the right coin. It is just an investment opportunity...

Fredomago

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Quote from: MCDev on October 17, 2019, 01:59:57 PM

Since the end of 2017, I have hardly seen any really good projects, most of them are junk and will die as soon as they go on the exchange. Because of this I often invest in projects that are among the best in the market.

If you are practical and you don't want to waste your time seeking for good project to invest your money. Sorting those existing projects and make a good selections out from it is much preferred. There's no certain sure investment since there's factors that affects the market movements, what you can do is to go deeply into project and follow every progress that they've offered to strengthen your trust to their team and keep holding the coin that you picked. Even though there's no assurance but confidence will build along the way if you understand the potentials of your assets.

MCDev

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Since the end of 2017, I have hardly seen any really good projects, most of them are junk and will die as soon as they go on the exchange. Because of this I often invest in projects that are among the best in the market.

ufaiz50

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Quote from: coin-investor on September 21, 2019, 08:25:05 PM

It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?

Are you also not going to buy libra made by Facebook? although there are some teams that came out of making Libra. Purchasing new coins that are profitable and attract the attention of users, I don't mind to buy even though new coins.

bitcoinst

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SmartFi - EARN, LEND & TRADE

Very strange question.
Think for yourself, confidence in a coin is fully gained only when we see how the project grows and develops or when we see the rapid growth of a coin.
At these moments, we understand that we made the right choice, although just an hour ago when the price fell, we could reproach ourselves for deciding to invest in this garbage.

Winscosinally

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Good coins always have the following
1. Good demands due to real use cases or working products
2. They are listed on many exchanges, big, small, mediocre exchanges combine
3. Their teams and developers always show good sign of progress either on roadmap or future plans and developments, they are always open to more ideas

JayTrain

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Quote from: iamsange on October 17, 2019, 09:06:59 AM

Quote from: DabsPoorVersion on October 17, 2019, 08:03:57 AM

Quote from: DeathProxy on October 17, 2019, 06:06:43 AM

Its hard to know the rigjt new coin to invest in thats why i try as much as possible to make proper research on the project in question before i make any investment . I try as much as possible to check if the project has an already working product which can stand the test of time before i make any investment. To this effect i will advise any new coin to have real workable product so as to win the trust of investors

Having a research to decide which coin to invest is one way to avoid from wasting your investment. Having a background check for the team can also help to determine if they have truly a goal and capability to improve the project.
Making further research to choose good project will actually work and it helps a lot of investor especially when it comes to new projects.

Really hard for now decide something like that, a lot of project already proven that not success in market. I am not say all, but a lot of investor already lose money with it. Maybe if developer really dare to promise will serious develop their project or maybe like what @deathproxy said if already have working product, worth to invest.

Yes, the main selection criterion is, of course, a working product, I think so, many people think, but unfortunately projects with a working product do not always give large incomes, I think a new trend is ripening - the profit will not be so high, but a reliable investment

electronicash

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Quote from: OasisDre on October 17, 2019, 10:31:27 AM

There is no assurance investing in any crypto coins and tokens because anything can still happen to very good projects, even top coins can fail at any point in time so the best way is not to rely on a coin, its safer to have variants of coins and tokens in your portfolio

of course there is a assurance. you just have to look for the opportunity.

the only way you can be sure you are investing the right coin is when you see it hit the bottom while they are still on top rank coin. if you take a look at the coin on top includes the cheapest ones. look at their charts and its volume. but if you are going to be doing day trading then stick to the major pairs in crypto.

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