How to Know the right crypto project to invest in - page 5.

hyudien

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Quote from: Agwu on August 12, 2022, 06:41:30 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?

Choosing the right crypto to invest in, the answer is that there is no specific benchmark that can be used as a permanent reference. Investing in altcoins is the same as gambling, depending on how the market responds, the response of large investors, and the value of the benefits offered whether it has sustainable benefits or is just a dump and pump game. With thousands of coins, you can see now, that it's getting harder and harder to filter which coins are really sure to make a profit.

Bitcoin has now become expensive, but believe me, Bitcoin will be more expensive if you really miss the current price. I know what you want is big profits with returns of 100x or even more. It's no wonder why newbies ask this kind of thing because they usually see the insane rise of shitcoin or memecoin. Trust me it's not a safe place to drop money.

AbuBhakar

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Quote from: Agwu on August 12, 2022, 06:41:30 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?

Avoid project that is backed by nothing and just pure marketing from crypto influencers and focused on investing with projects that has a prominent private investors and VC that risking there money to fund the project because that project is worth it in able for them to gain the trust of this whale investors.

Personally, I only invest on blockchain project that has a real use case and with solid developer that working relentlessly which you can see on the project github code repository. Avoid shitcoins and focus on the whales project spotlight.

lienfaye

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Quote from: Agwu on August 12, 2022, 06:41:30 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 can find the best coin to invest in by doing your own research. Choose the one that has use case and can solve real problem, that being said Bitcoin is the most reliable crypto to invest in. Bitcoin started it all followed by other established alts. Thus if you want to invest only in reliable coins DYOR to fully undertand why Bitcoin is the top choice.

worle1bm

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There are many fake projects promising big returns to you in the market but in actual they only want profit buckets for themselves and will scam you soon they have the funds so as a newbie if you don't have an idea how to identify the real projects stick to bitcoin or other top altcoins only that are not going to be scam at least.Stay away from these thousands of cryptos in the market that will take your funds.

Vaskiy

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The top list is always the good choice. Apart from that nowadays things weren't good to choose. It needs lots and lots of effort to identify the right one. Many are getting lucky to profit out of new projects and investing after hard analysis sometime fails.

Nowadays most of the people keep themselves ready to invest based on the movement influencers make in the market. During the dogecoin and Shiba push by Elon Musk, most of the users who followed the trend were enjoyed the best out of it.

Captain Corporate

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None of these are actually right, I am not even right. Its just "unknown", you can't "know" which one is the right one. If you are talking about grand old stuff, ethereum, bnb, ltc, things that have been here for a long long time then yeah its not really a shock to see profits. But if we are talking about new ones, there will be a thousand and there will be a few that gains good and you will never "know" it, you will just guess and sometimes you will be right and most of the times you will be wrong. So just focus on what you can do and that will be more than enough for you, do not try to find a shortcut to wealth, you will not be able to find it.

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Quote from: Vaculin on August 14, 2022, 05:52:03 PM

Quote from: NeuroticFish on August 12, 2022, 06:47:30 AM

Quote from: Agwu on August 12, 2022, 06:41:30 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?

Bitcoin is the safe bet.
And those who fancy higher risk gambling with their funds, there are a lot of altcoins to choose. Some few may get lucky.

Conclusion: too hard to choose right if you want something else than Bitcoin. So.. just choose Bitcoin.

PS. Not a financial advice, do with your money whatever suits you best.

If you want to be safe from losses and scamming, just invest in bitcoin. There is no other coins safer than bitcoin. But always know that somehow losses are inevitable, but if you know the best entry and the best exit, then you'll be more profitable than losing your capital. However, investing in altcoins may also be profitable but only for those proven established ones. The rest are just prone for scams so avoid them as much as we can.

bitcoin is already the right choice, nothing is better than bitcoin for now. But as an alternative maybe the top 10 coin rankings can be a recommendation. Research for each coin that will be chosen of course must also be done. use management to manage all investments made. never invest in obscure coins or in shitcoins long term, some shitcoins will not give good returns.

Vaculin

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Quote from: NeuroticFish on August 12, 2022, 06:47:30 AM

Quote from: Agwu on August 12, 2022, 06:41:30 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?

Bitcoin is the safe bet.
And those who fancy higher risk gambling with their funds, there are a lot of altcoins to choose. Some few may get lucky.

Conclusion: too hard to choose right if you want something else than Bitcoin. So.. just choose Bitcoin.

PS. Not a financial advice, do with your money whatever suits you best.

If you want to be safe from losses and scamming, just invest in bitcoin. There is no other coins safer than bitcoin. But always know that somehow losses are inevitable, but if you know the best entry and the best exit, then you'll be more profitable than losing your capital. However, investing in altcoins may also be profitable but only for those proven established ones. The rest are just prone for scams so avoid them as much as we can.

freedomgo

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Quote from: Agwu on August 12, 2022, 06:41:30 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?

Just trust bitcoin, and you will never be put into losses and frustrations in the end. I am confident to say this because bitcoin has already existed more than a decade and until at the present, its still proven profitable and secured throughout the years. There is no other digital currency can do that. So never trust any crypto because they are just clones from bitcoin. They may be profitable at first, but they eventually start to lose their value afterwards.

libert19

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You can't but you can diversify in potential 'good' projects and one that survives would give you nice returns. How to find those good projects? Start with lowest investment amount you can afford, experience will come and you should be able to judge better.

Alisha-k

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Quote from: Agwu on August 12, 2022, 06:41:30 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?

For a start stick to Bitcoin over time when you have built enough knowledge around crypto currency you can comfortably do research on what coin suits your analysis. the truth is one can't categorically tell what coin has potential of doing well in the crypto space even bitcoin is highly volatile and risky but why people recommend bitcoin is because it has a purpose and a potential.

Hamphser

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Quote from: Kopetunto on August 14, 2022, 02:57:19 PM

Quote from: Agwu on August 12, 2022, 06:41:30 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 you want to invest in a crypto project, of course you have to analyze the fundamentals,
meaning we have to know what is being built, who is the team of the project, who is the partner of the project,
and of course the white paper. if you feel good, then invest there, but remember, we are in the crypto world, so the risk is very high.

Learn everything
Research everything
Know the basics and advanced information
Seek for Transparency
See the Utility

You are the only one who could really make out decisions since its your money and dont listen up on someones suggestion when it comes to project.
You are the ones who could say that its a worth project or totally shit.We do have different takings and we do have different insights on things
this is why it would be worth if you do choose up project according to your knowledge and preference.

Kopetunto

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Quote from: Agwu on August 12, 2022, 06:41:30 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 you want to invest in a crypto project, of course you have to analyze the fundamentals,
meaning we have to know what is being built, who is the team of the project, who is the partner of the project,
and of course the white paper. if you feel good, then invest there, but remember, we are in the crypto world, so the risk is very high.

Oceat

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Quote from: Danydee72 on August 14, 2022, 07:36:08 AM

For me I choose two ways investing some money in crypto:

1. Choose a reliable coin like bitcoin, bnb, eth to do longterm investment (right now: DCA)
2. Choose some reliable projects to invest a moderate amount, in aware they could fail

Second point is like a seasonal investment. This suits for me, and if I loose, I will survive.

To choose a reliable projects they need to do some research first about the project that they want to invest in because not every project we see won't give us the expectations we want since some of them are just the result of being hyped. I would rather choose the reliable coins instead of the reliable projects for any altcoins. Besides, BNB and ETH are the best option if someone wants to invest in altcoins.

It's better to choose two ways of investing to diversify your money than focusing only on one coin like Bitcoin since it has a strong volatility that no one can predict the exact price.

palle11

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Quote from: Danydee72 on August 14, 2022, 07:36:08 AM

Second point is like a seasonal investment. This suits for me, and if I loose, I will survive.

Seasonal investment is also good, it can also give reasonable profit. It can pump into your profit if you take the right risk just while the value is raising, you go in and instantly being lucky but at same time if the calculation is wrong it becomes a trap that the investor has fallen into. We need to be careful actually on the investment we put money into sometimes what we see as pump may be a trap in waiting.

Issa56

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Quote from: AZMAINE on August 14, 2022, 06:12:17 AM

The only way to know about the right crypto project to invest in by doing technical analysis and learning project details.

Firstly I don't know if the OP is talking about a new project that's entering the market or the project that have been in the market for long time. If it's a new project that's entering the market then I don't think technical analysis will work and also learning the about the project will also work, some projects are always very real with a good road map and white paper but at the end its always turn out to be a pump and dump coin.
The best coin you should invest in if you are planning to invest in any project for long term is bitcoin.

Danydee72

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For me I choose two ways investing some money in crypto:

1. Choose a reliable coin like bitcoin, bnb, eth to do longterm investment (right now: DCA)
2. Choose some reliable projects to invest a moderate amount, in aware they could fail

Second point is like a seasonal investment. This suits for me, and if I loose, I will survive.

AZMAINE

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The only way to know about the right crypto project to invest in by doing technical analysis and learning project details.

tomos81

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Quote from: Agwu on August 12, 2022, 06:41:30 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?

Even though there are thousands of cryptocurrencies in the blockchain space, you cannot invest in all projects. This will make your loss more likely than profit. From that point of view you can analyze the top 10 projects with Bitcoin. However, I would not recommend any project better than Ethereum and Bitcoin for now.

GreatArkansas

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Quote from: Agwu on August 12, 2022, 06:41:30 AM

(.....)
But the question now is how does one get to know the right crypto project to invest in?

Transparency. There are a lot of projects who got the issue from this, some of the projects or most of the projects are lying especially how their fund allocations, and how the tokens are being allocated on different criteria.
Another thing is the roadmap or goals, they must not only for money but they must focus on projects or services that they are building or offering to people.

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