Topic: How to know which coins are good? - page 79. (Read 13297 times)
Before understanding the coin, we have to understand the project and its potentiality. It would be credulous and self important of us to believe that we can anticipate precisely which projects will be the best entertainers. In addition it is a perfect opportunity for you to acquire a vast amount of wealth and more importantly. There are also some factors such as Exchange plans,Distribution of the currency and many more.
I have the same problem to understanding technical and the fundamental of the project is hard for me, and to know which coin has great future i just follow some expert that has more knowledge about blockchain technology.
Normally I read the whitepaper carefully and check who's on the list of advisers and developer groups but it's also difficult because many projects copy and steal ideas from other projects.
Look for a project that solves a real world problem and they are first movers into that space.
That's where Bitcoin's strength came from - addressing real world issues - centralization, cross-border, anonymity (partly), peer-to-peer.
Ethereum came second as it improved on Bitcoin - adding smart contracts.
There are still lots of things that can be blockchained like the sharing economy (uber and airbnb), etc, etc.
That's where Bitcoin's strength came from - addressing real world issues - centralization, cross-border, anonymity (partly), peer-to-peer.
Ethereum came second as it improved on Bitcoin - adding smart contracts.
There are still lots of things that can be blockchained like the sharing economy (uber and airbnb), etc, etc.
Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?
Thank You
Thank You
I am a newbie, with threads like this can help me to choose a good coin for the future, thanks for all who have participated in this forum.
The answers from all of you are very helpful to me.
Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?
Thank You
Thank You
You can always check the market for the stable price of the coin or original price before investing a huge amount, not every coin in the market does have the potential to grow so it is good to know its history before hoarding a huge amount.
It is always necessary to analyze the capitalization of the coin, its level of distribution and the technology of penetration into society.
Only an independent and detailed research of the project can help here. And of course you need luck. In the cryptocurrency area you can not rely, only on facts. Here you need intuition and a combination of circumstances.
To get a good coin, you can check the white paper, check the dev team and check the partnership.
Actually there are some things you should check, but with 3 things it can make you get a good coin.
Actually there are some things you should check, but with 3 things it can make you get a good coin.
Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?
Thank You
Thank You
You better read the white paper first, from there you can know the coin is good or not and certainly has a bright future or not.
You have to be careful and never get bored to find out about the coins you think are good.
You Do Your Own Research, you analize the coin GitHub, then watch at official website (if it's professional, has many features, wallet downloads, documentation), then you join communication channels, for example Telegram, Discord, you'll see community support and you can ask questions and try to understand if they are talking about just words or real development and things. Then you open CoinMarketCap and look at its ranking. If you think it has much more value than that reflected in ranking then you buy a stack (of course single coin value depends of its supply but with ranking you can't miss it). You HODL and maybe sooner or later people will realize what you have doing your research and will start to pump it. You then sell when you think it has reached deserved ranking and profit.
The ultimate way to see if the coin is good is when you check the price on coinmarketcap and that price is way above from its ICO price. that should be the best indicator to see how legit the coin is. There are several coin that I'm surprised to see its listed on exchanges that I haven't even heard of but then the price is already more than a hundred. These coin I think is really good, I haven't even heard of it.
If you are concerned about the legitimacy of new coin you may be interested in, check the github for it's development history to see if any work has been done with the coin's code. In addition to this, check to see if such coin has capable developers!
Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?
Thank You
Thank You
I think before investing we have to do some research first with the coins in cryptocurrency now, otherwise we will get confused and just get a bad coin because now a lot of new coins that appear.
Always check the market capitalization of coins, availability of the latest updates, the project team and what product.
You need to look at how much the project follows the road map and white paper.
You need to look at how much the project follows the road map and white paper.
You will never know if a coin can make you profit unless you try to invest and hold in it. There are lots new coins being released with a promising roadmap but most of them doest meet there roadmap especially after ICO. So i think unless you invest that is the only time youll know
Always check their project, Determine whether it is profitable for everyone. Sometimes they are just platforms and are not useful to users. So it will eventually sell people immediately when they get it.
all kinds of tokens for good.
If you have a token that you can use to sell it in the market do you hold it before you wait until you sell it.
You should not be rush to spend money if you want to grow your money.
Traders have a saying - you do not know how the coin will behave until you invest money in it. Maybe follow this advice.
Good coin has own blockchain and low supply, than it have team with blockchain developers.
Support should answer to the questions
Support should answer to the questions
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