How to Know the right crypto project to invest in - page 3.

Dollar_Hunter

member

Activity: 1078

Merit: 21

COMBONetworkio

Quote from: Memorabilia on August 25, 2022, 02:23:25 AM

If you are new, then you can invest in Bitcoin since it is a safe cryptocurrency and will bounce back. But while investing in crypto, research on them. Check the technology they are based on and what its scope is. Consider all the possible factors while deciding whether it would be worth it to invest or not.

that's true, but if you only research about the technology of the project, of course it will be in vain,
because the technology in cryptocurrencies, especially in projects, is usually the same. although they are the same,
but they have advantages, in Team and Whitepaper,
of course if you want to see a good project you have to see who their team is, and read tokenomic and whitepaper

Memorabilia

newbie

Activity: 39

Merit: 0

If you are new, then you can invest in Bitcoin since it is a safe cryptocurrency and will bounce back. But while investing in crypto, research on them. Check the technology they are based on and what its scope is. Consider all the possible factors while deciding whether it would be worth it to invest or not.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: GeorgeJohn on August 23, 2022, 05:07:38 PM

Anyone who is new into cryptocurrency investment is not supposed to adventure into newly launched projects. because i believe from my perspective that new coins have any possibility to die off withy being told. Who is investing i new project have two things in mind, either it lost the project or it benefit from it the depending the sponsors of the project.

That makes sense. Sometimes newbies are just driven by the hype and that's the reason why they keep investing in new projects.

Since they are just building experience, they just need to stick with Bitcoin as their priority and some top altcoins as other options.

They don't need to risk early their money putting into new projects. While they are progressing and moving forward, they will automatically learn the process of how to determined a good and worthy new projects they will encounter on the way.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: TheUltraElite on August 23, 2022, 04:25:54 AM

Quote from: Gosgosking on August 22, 2022, 02:01:12 PM

You can compare the rates at which people this different cryptocurrency to know which one is the best. I think bitcoin has the highest number of people who are buying, this tells that bitcoin is good and reliable that's why people go fall. Bitcoin is what you can invest without any double thought or panic.

Buying Bitcoin should not being panic, like this should be a basic understanding for most people investing in this sector. There are people losing money putting their income in altcoins. They should learn the basic that altcoins can never be as valuable as Bitcoin but only for short term gains are they good.

New projects making the rounds in news sites will never give you that much profit as Bitcoin can in the long run. So don't waste time choosing new things to invest in, limit your portfolio and focus on Bitcoin and few of the old altcoins.

There's nothing wrong venturing into these new projects, but that is, if you also did your research, assessment on this.
Also, make sure that you can keep up yourself with the progress of the project that you bought.
Because you will be wasting your resources if you will not follow up about their developments.
Once you feel it is somehow not going anywhere, better sell it while there's still value in the market.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

"Play Poker on Telegram"

Quote from: BobK71 on August 19, 2022, 12:28:35 AM

Quote from: Agwu on August 12, 2022, 05:41:30 AM

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

As new coins are constantly being added to the market, it will take time to find a good project. Moreover, investors in new projects are also risky. In that sense investing in some old coins is more reliable. So I think it's worth investing in some of the top 100 ranked coins by market cap. Especially new investors can follow this strategy.

Anyone who is new into cryptocurrency investment is not supposed to adventure into newly launched projects. because i believe from my perspective that new coins have any possibility to die off withy being told. Who is investing i new project have two things in mind, either it lost the project or it benefit from it the depending the sponsors of the project.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Gosgosking on August 22, 2022, 02:01:12 PM

You can compare the rates at which people this different cryptocurrency to know which one is the best. I think bitcoin has the highest number of people who are buying, this tells that bitcoin is good and reliable that's why people go fall. Bitcoin is what you can invest without any double thought or panic.

Buying Bitcoin should not be done in panic, this should be a basic understanding for most people investing in this sector. There are people losing money putting their income in altcoins. They should learn the basic that altcoins can never be as valuable as Bitcoin but only for short term gains are they good.

New projects making the rounds in news sites will never give you that much profit as Bitcoin can in the long run. So don't waste time choosing new things to invest in, limit your portfolio and focus on Bitcoin and few of the old altcoins.

Gosgosking

member

Activity: 672

Merit: 16

You can compare the rates at which people this different cryptocurrency to know which one is the best. I think bitcoin has the highest number of people who are buying, this tells that bitcoin is good and reliable that's why people go fall. Bitcoin is what you can invest without any double thought or panic.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: Ararbermas on August 22, 2022, 02:28:57 AM

I used to check everything that i need when it comes choosing a projects to invest.. Especially the history on the market "graph", wherein if its worth it to invest or not and also when it comes the right time so that i can avoid investing in a bad situation. But probably everyone is doing the same thing as it's the most important. And for me base on my experienced so far it's still the best strategy to choose a good project to invest.

To recognize a crypto project, looking at few things will help you understand whether it is really the right project or not. First you can see their market cap, circulating supply, their daily trade volume. Sometimes trade volume can be fake. In that case, you can see on how many exchangers your fixed asset is listed or whether there are any dex exchangers after getting those answer you will understand yourself whether it is a legitimate project or not.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

Here are some of the things to know the right project to invest in:

(1)
Their past results: you can use their past result to know how good and favourable the project is to investors before investing on a particular project.
(2)
Strong team: through the team you will be able to know how good they are to traders and how many traders are still investing on that particular project will enable you to know what you will achieve from that project before investing in your money.
(3)
Population: Through the population you can know the right crypto to invest in because many potential crypto project always have a population of investors who has tested the project before trusting the project for the good results they have achieved from the project in the community.

Ararbermas

sr. member

Activity: 2016

Merit: 283

I used to check everything that i need when it comes choosing a projects to invest.. Especially the history on the market "graph", wherein if its worth it to invest or not and also when it comes the right time so that i can avoid investing in a bad situation. But probably everyone is doing the same thing as it's the most important. And for me base on my experienced so far it's still the best strategy to choose a good project to invest.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: ?? on ??

Quote from: Agwu on August 12, 2022, 05:41:30 AM

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

You will hear words like DYOR but most times the question that accompanies this is how do one do research and what materials can be reliable enough to tell how good a project is. The first step is to search the project on Coinmarket cap. Ensure to read the white paper so you know what the project has to offer. Check out for their reputation on coinmarket cap, how much volume the have in the last 24hrs, their ATH, Their full diluted market capitalization and their social media handles

Your research should be as deep as your time and resources allow you, for example it is also important to try to verify the developers are who they say they are, for example you can use the images they posted of themselves and see if this matches the information they have given, as many scam projects like to use stock pictures or pictures from other professionals, and as you may guess if you find that even a single one of those pictures was taken from someone else then you know they are scammers and you must never invest in that project.

Jatiluhung

sr. member

Activity: 910

Merit: 430

to find a good new crypto project will indeed be very difficult. especially considering the current market situation, which is difficult to predict. but for now I prefer crypto projects that are long running and have events coming up soon so the hype will come soon. like ADA and ETH. but the decision to enter at the right time was a difficult one. because we have to see the movement of BTC first. because if BTC is corrected again. then of course altcoins will follow. that's a little tricky. so i think to buy bit by bit is the right thing.
good projects always provide fresh updates. and have great people behind it. a dev background is one of the main keys.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

in the case of investing in altcoins, the person needs to have access to a lot of information about the altcoin that he wants to invest, he always has to look if the altcoin that he wants to invest in has a large community and what people in that community are commenting on and then he has to analyze what this altcoin is offering in the long run that other altcoins don't have and then you have to see what the team did great in the past, because when you have people who haven't done anything great in the past and they're creating a new altcoin then there's a big risk of failure

konflikkastil

member

Activity: 879

Merit: 10

Sovryn - Brings DeFi to Bitcoin

There are lots f things to considered when looking for a coin to invest in. Bitcoin is one of the safest coin to put your money that will give you a reasonable return on your investment. But I used to make an analysis. If you invest $1,000 in Bitcoin, before your $1,000 invested can be turned into something good. Like 100%. That is for you to double your investment to $2,000. The current price of BTC must double the price of the time you bought it. Imagine you bought a coin with a market price of 0.0000000005. Just $100 can get you billions of this coin. And imagine the price of the coin gone up, and the number of zeros at the back reduced by five, to 0.0000. You would be making hundreds of thousand of dollars, if not millions. Ability to know the good projects to invest in is the most important thing, cause if you do. You are sure to be on your way to making cool cash.

Issa56

hero member

Activity: 1484

Merit: 928

Quote from: salad daging on August 19, 2022, 08:12:53 AM

All projects can't be guessed right and wrong, let's take the example of Luna, whose big project just fell, it's better to be careful or do it on bitcoin if you don't have more knowledge, I have a little portfolio but I have a lot of bitcoins from the wallet.

If you are a newbie and you don't want cryptocurrency to break your heart then it's better you invest in bitcoin and have rest of mind, no altcoin can be trusted in Cryptocurrency, you might think a project is really and at the end it might turn out to be a pump and dump coin or a scam coin, even professionals sometimes fall for scam project not to talk about newbies, the best thing which you should do is to invest in bitcoin and avoid altcoins.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: salad daging on August 19, 2022, 08:12:53 AM

Quote from: LogitechMouse on August 18, 2022, 10:43:14 PM

Don't make things too complicated.
If you don't want to spend too much time researching or finding a good project, focusing on the top projects is the answer.

There are no specific factors that will help you in order to know which crypto project is right or wrong. For me, just focusing in the top market cap coins is the safest one and in my whole investing journey, I always invest into the top coins and I didn't lose any money until now (disregard impermanent losses). The only time I loss money is when I invested into a memecoin (just for $100) and when I invested into a new project (that turned out to be a dead coin).

My suggestion is to just focus on the top projects right now.

Yeah for me it's too complicated researching new projects whereas if there are top coins with high volume isn't that a good thing for us compared to new projects which will be a scam.

All projects can't be guessed right and wrong, let's take the example of Luna, whose big project just fell, it's better to be careful or do it on bitcoin if you don't have more knowledge, I have a little portfolio but I have a lot of bitcoins from the wallet.

Dont stick yourself with some hype because it would really be that dangerous for you to lose money because usually most projects or been hyped are the ones who do really fall out and die or becomes scams thats why you should really be that careful on choosing because that would really cost you money.

When you are tending to invest then it would be normal that you should really do in depth research on a certain project whether it does have potential or not although
it might not be that an assured thing for the result or outcome but at least you had done your part or must thing to be done when you are
really making out some investment.

Rigon

sr. member

Activity: 994

Merit: 441

Actually crypto currency markets always unstable and highly risky, none can predict anything in crypto. Ie , Luna is one of the most important and popular crypto in the market but after scamming all target and characteristics vained. Billions billions dollars vained after staking UST and Luna. But some projects, bitcoin, Ethereum and binance highly potential crypto in the market all time .

GatotKaca

sr. member

Activity: 1372

Merit: 250

Seabet.io | Crypto-Casino

Quote from: salad daging on August 19, 2022, 08:12:53 AM

Yeah for me it's too complicated researching new projects whereas if there are top coins with high volume isn't that a good thing for us compared to new projects which will be a scam.

All projects can't be guessed right and wrong, let's take the example of Luna, whose big project just fell, it's better to be careful or do it on bitcoin if you don't have more knowledge, I have a little portfolio but I have a lot of bitcoins from the wallet.

your choice of better asset management. have more bitcoins in the wallet to reduce investment risk. select multiple altcoins will be good enough for long-term planning and trading.
indeed no one knows the future of the assets on the market. we have seen the LUNA case, and it will teach us an important lesson.
if you want to get into a new project, I think just prepare a small capital. there's nothing wrong with betting on a new project, not all of them also end up being a scam. we must be wise in planning the investments we make.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

Quote from: LogitechMouse on August 18, 2022, 10:43:14 PM

Don't make things too complicated.
If you don't want to spend too much time researching or finding a good project, focusing on the top projects is the answer.

There are no specific factors that will help you in order to know which crypto project is right or wrong. For me, just focusing in the top market cap coins is the safest one and in my whole investing journey, I always invest into the top coins and I didn't lose any money until now (disregard impermanent losses). The only time I loss money is when I invested into a memecoin (just for $100) and when I invested into a new project (that turned out to be a dead coin).

My suggestion is to just focus on the top projects right now.

Yeah for me it's too complicated researching new projects whereas if there are top coins with high volume isn't that a good thing for us compared to new projects which will be a scam.

All projects can't be guessed right and wrong, let's take the example of Luna, whose big project just fell, it's better to be careful or do it on bitcoin if you don't have more knowledge, I have a little portfolio but I have a lot of bitcoins from the wallet.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Agwu on August 12, 2022, 05:41:30 AM

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

If I were you, I consider the market rankings and active trade volume as the basis for choosing them, the higher rank and huge volume the better. But if you are talking about new projects, that seems worrying for we never know yet if that project is legit and has the potential or not. You can also dig some feedback from the project provided that it was reliable and trusted feedback because many are manipulated just for the sake of money and price manipulations.

Topic: How to Know the right crypto project to invest in - page 3. (Read 1174 times)