How to know if the coin is Promising? Give one example.

9thHokage

newbie

Activity: 19

Merit: 0

Quote from: carrie_white on August 20, 2017, 01:52:43 AM

Quote from: celjc on August 20, 2017, 12:23:23 AM

How to know if the coin is Promising? Give one example.
We need to know if the coin we are considering is a good coin or not to avoid disappointments in the future.
Research and study about new coins is important so we will know if we have to invest to it or not.

hello celjc,

Which must and should be noticed is to find out the team profile of the coin project, whether the team and their developers experienced and successful in previous projects. Then most likely the current project that is being done can also be successful

What is Bitcoin team profile and what is BTC coin project?
I heard no one knows who BTC creator is ?

Please give me short clear explanation cz English is not my mother lang. Grin

steamon

sr. member

Activity: 404

Merit: 252

You research every tiny bit even the white paper and test their demo. Seek their slack and see if they have active development. With those skills, you can find the next promising blockchain product. If you keep asking in social media you will only hear the same names and new names when it's too late.

While I must admit I am around since 2011. So I have more blockchain knowledge what is becoming something or based on historic patterns.

Look into some new stuff that means ICO's and ZenCash for example for undervalued compared to other bigger mining coins and dash.

n4poleon

full member

Activity: 252

Merit: 100

This should heavily based on your understanding of what a cryptocurrency is or crypto tech in general. There will be a lot of promises and glamorous road maps. I guess asking question directly to the project devs or at least joining them at their slack and ask questions, be with the community if you have to just to see how it feels. I've experience good and bad and somewhere in between crypto communities. Good part of it is, you'll learn.

Bastime

sr. member

Activity: 519

Merit: 250

BitcoinCash for me is the top coin promising as in a small period of time (Few days after it's launched) the price of the digital currency Bitcoin Cash sustained its upward trajectory and surpassed the $700 mark as of Aug. 18 3 weeks since it's birth.
Developers took the chances of seeing BTC disadvantages and adding those features to Bitcoin Cash like for example of 8mb per Block. So people nowadays were currently appreciating the soft success and will be likely to be the Top Digital Currency. Bitcoin Cash one of the latest Digital Currency but it is already placed as the second high value as next to the mother Bitcoin.

carrie_white

full member

Activity: 784

Merit: 101

Quote from: celjc on August 20, 2017, 12:23:23 AM

How to know if the coin is Promising? Give one example.
We need to know if the coin we are considering is a good coin or not to avoid disappointments in the future.
Research and study about new coins is important so we will know if we have to invest to it or not.

hello celjc,

Which must and should be noticed is to find out the team profile of the coin project, whether the team and their developers experienced and successful in previous projects. Then most likely the current project that is being done can also be successful

nonlinearboy

hero member

Activity: 703

Merit: 500

Quote from: yillusion on August 20, 2017, 12:27:39 AM

Quote from: celjc on August 20, 2017, 12:23:23 AM

How to know if the coin is Promising? Give one example.
We need to know if the coin we are considering is a good coin or not to avoid disappointments in the future.
Research and study about new coins is important so we will know if we have to invest to it or not.

look the team first, do the team have enough ability and experience to develop the project, the advisor team is also important, find the people that has great influence in the industry

That is right, the team and their experience on this area is the most important points for me ,and the market cap is also important, some nice project make me disappointed since they are too greedy in my opinion, such as EOS and BNT.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: celjc on August 20, 2017, 12:23:23 AM

How to know if the coin is Promising? Give one example.
We need to know if the coin we are considering is a good coin or not to avoid disappointments in the future.
Research and study about new coins is important so we will know if we have to invest to it or not.

Most people will see the dev team, how good they handle project and support member needed. Second thing, look carefully their roadmap. In here we can see their goal and their project concept. The last one always looks their updated information. If there's something missing from there, it will no good for investment. Everyone has their own opinion and hope they will find the best project to invest. Have a nice day.

cointabo

sr. member

Activity: 477

Merit: 250

Quote from: 9thHokage on August 20, 2017, 01:15:39 AM

How about Bitcoin Cash and Ethereum Classic?

Are they good for long term?

Both are forks, both are gamble. Depends on the individual person's risk appetite.

9thHokage

newbie

Activity: 19

Merit: 0

How about Bitcoin Cash and Ethereum Classic?

Are they good for long term?

Herbert2020

legendary

Activity: 1946

Merit: 1137

well there are two things in my opinion:
1. the technology
2. the supporters

the technology is what we should look for but there has been so many cases that i find a very good coin with a good development but it never achieves anything.
then at the same time i see a terrible altcoin with terrible code, lots of bugs, hacks, losses, weak development, no real usage,... but a lot of supporters, a lot of shills, lots of money dedicated for advertising it and that coin grows big and becomes the most expensive coin and gets the second rank!!!

so you have to choose what you want. if you want the profit (which is the case with almost everyone here) then go with #2, look for the coins that have the most support and they are advertising it a lot and invest there to dump after its pump for the biggest profit.

electronicash

legendary

Activity: 3248

Merit: 1055

it doesn't matter if the ICO project is promising if you listen to fud and sell even before the price fly, its not worth analyzing for you. if you listen and the fudster even when the team has been backed by reputable advisors and with a project that can potentially help cryptousers, you will still end up selling and lose.

tyuner4

full member

Activity: 322

Merit: 179

I look at the business model and the team. For example, the business model should be able to solve some problems.

And with a strong team, the development will be on track and able to deliver the promises.

yillusion

full member

Activity: 280

Merit: 122

Quote from: celjc on August 20, 2017, 12:23:23 AM

How to know if the coin is Promising? Give one example.
We need to know if the coin we are considering is a good coin or not to avoid disappointments in the future.
Research and study about new coins is important so we will know if we have to invest to it or not.

look the team first, do the team have enough ability and experience to develop the project, the advisor team is also important, find the people that has great influence in the industry

celjc

member

Activity: 147

Merit: 12

The TRUTH shall set you free ;-)

How to know if the coin is Promising? Give one example.
We need to know if the coin we are considering is a good coin or not to avoid disappointments in the future.
Research and study about new coins is important so we will know if we have to invest to it or not.

Topic: How to know if the coin is Promising? Give one example. (Read 554 times)