How to tell if a new coin is worth investing in!

MundoCoin

copper member

Activity: 33

Merit: 0

Quote from: aning97 on August 20, 2023, 09:03:52 PM

1) check the smart contract for be sure the transaction is not by same amount or same address
2) check the history of the community (past project)
3) avoid a bep 20 (the most scamming project is here)
4) search in your mind if this coin can have a potential utility on real life
5) try to never go all’in on a project, invest only the money that aren’t important for you and you can afford to lose.

Thank you for your advice.

aning97

newbie

Activity: 10

Merit: 0

1) check the smart contract for be sure the transaction is not by same amount or same address
2) check the history of the community (past project)
3) avoid a bep 20 (the most scamming project is here)
4) search in your mind if this coin can have a potential utility on real life
5) try to never go all’in on a project, invest only the money that aren’t important for you and you can afford to lose.

GreatArkansas

legendary

Activity: 2338

Merit: 1354

Quote from: shinratensei_ on August 20, 2023, 05:45:22 PM

Quote from: Dessy88 on August 20, 2023, 01:42:00 PM

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

but sometimes some altcoins that have existed for quite some time might already reached its peak, to be frank here, so many new altcoins nowadays are instead of slowly raising their value over the course of the year, instead they are hitting their peak at the very beginning of their listing, take example many coins like sui, and most recently is sei. usually they are hitting their all time high once they hit the exchanges and then goes down hill from there.
so I guess at this point the duration in which they have been out in the market become irrelevant when we are seeking about the profits that they could potentially generates.
I'd say we should look and judge in regards of the worthiness of these coins in general from the other perspective.

This is very common maybe also because it's the wrong time, they launched on the bear market. And another thing is the price when they were listed is really fair, like it's too high for their projects like tokenomics or working products.
As you can also notice, recently altcoins that airdropped their tokens are most of the time dumping during their early days.

MundoCoin

copper member

Activity: 33

Merit: 0

Quote from: yazher on August 20, 2023, 03:00:29 PM

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

Most of those new projects honestly just have some new innovative roadmap designs and some interesting ideas so that they can attract their investors with it. You cannot just simply rely on that because that's not enough nowadays and probably they just copied what they were saying in their roadmaps and just simplified or they were just lying about it. This is their deception and the worst of the matter is, that you only find that out too late when they start to delay what they were saying in those roadmaps and you cannot do anything about it but wait and hope for progress when you already invested your money.

Understand that it depends on the ability to implement what's in the white paper. Rather than just shouting slogans.

MundoCoin

copper member

Activity: 33

Merit: 0

Quote from: shinratensei_ on August 20, 2023, 05:45:22 PM

Quote from: Dessy88 on August 20, 2023, 01:42:00 PM

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

but sometimes some altcoins that have existed for quite some time might already reached its peak, to be frank here, so many new altcoins nowadays are instead of slowly raising their value over the course of the year, instead they are hitting their peak at the very beginning of their listing, take example many coins like sui, and most recently is sei. usually they are hitting their all time high once they hit the exchanges and then goes down hill from there.
so I guess at this point the duration in which they have been out in the market become irrelevant when we are seeking about the profits that they could potentially generates.
I'd say we should look and judge in regards of the worthiness of these coins in general from the other perspective.

Indeed, many new coins stood at the top as soon as they were born. I think the reason why the price will continue to fall, the main reason is that the technical aspects or development prospects may not meet the expectations of investors, take Ether as an example, the price soared all the way, although the current price is not the highest point, but we all know in our hearts that the price of the next bull market may still be raised.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: AakZaki on August 20, 2023, 01:49:50 PM

Quote from: Dessy88 on August 20, 2023, 01:42:00 PM

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

It's not just about how long the token lives, but about how their community and the developers who develop the coin. it's pretty important.
Because there are so many new coins that appear only at the beginning, and then run off with a lot of investors' money. Doing detailed research will indeed help to find out what the long-term project for the new coin will actually be. If nothing is good and it's just run by scammers, then leave and find another project.

Yeah right, there are factors that you needed to consider before classifying the project, not just because it's still alive means that
it will be a good one to invest.

Check how good the development and how the team still working behind not to let the project to be stagnant.

There's always a measure that will depends on how you understand the project and how you project the possible profits that you
may get from your investment.

shinratensei_

legendary

Activity: 3164

Merit: 1025

Leading Crypto Sports Betting & Casino Platform

Quote from: Dessy88 on August 20, 2023, 01:42:00 PM

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

but sometimes some altcoins that have existed for quite some time might already reached its peak, to be frank here, so many new altcoins nowadays are instead of slowly raising their value over the course of the year, instead they are hitting their peak at the very beginning of their listing, take example many coins like sui, and most recently is sei. usually they are hitting their all time high once they hit the exchanges and then goes down hill from there.
so I guess at this point the duration in which they have been out in the market become irrelevant when we are seeking about the profits that they could potentially generates.
I'd say we should look and judge in regards of the worthiness of these coins in general from the other perspective.

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

Most of those new projects honestly just have some new innovative roadmap designs and some interesting ideas so that they can attract their investors with it. You cannot just simply rely on that because that's not enough nowadays and probably they just copied what they were saying in their roadmaps and just simplified or they were just lying about it. This is their deception and the worst of the matter is, that you only find that out too late when they start to delay what they were saying in those roadmaps and you cannot do anything about it but wait and hope for progress when you already invested your money.

AbuBhakar

hero member

Activity: 1120

Merit: 554

🇵🇭

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

It depends on the strength of the team and how huge their funds to sustain the project development consistently because there’s a lot of good idea crypto projects that didn’t materialize and die slowly because of insufficient funds or the team abandoned it because they faced a dead end on the development.

These days, Those project with strong team and marketing usually becomes successful no matter how shit the project is just like Richard Heart projects HEX and Pulsechain which are both shit peojects yet it has a lot of investors to sustain the project. The CEO is now being sued but the project itself will continue for development if the SEC didn't hit him.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: Dessy88 on August 20, 2023, 01:42:00 PM

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

It's not just about how long the token lives, but about how their community and the developers who develop the coin. it's pretty important.
Because there are so many new coins that appear only at the beginning, and then run off with a lot of investors' money. Doing detailed research will indeed help to find out what the long-term project for the new coin will actually be. If nothing is good and it's just run by scammers, then leave and find another project.

Dessy88

full member

Activity: 1050

Merit: 100

Vave.com

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

Huppercase

hero member

Activity: 882

Merit: 549

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

There is nothing new in this crypto that a new coin will bring that we have'nt seen before, we have had more and more in the past and they are yet to deliver all the promises they made, in short we are still dealing with insecurity, transaction speeds and decentralization, there is no coin in the market that has this 3 completely except they want to lie to your face, I repeat no coin in crypto market that has the 3 completely. Ethereum is secure, less decentralized and low speed, and has more investors as altcoin than any other coin will ever produce and still looking strong without any market competitors, because investors don't trust this new coins.

Have your heard or come across the word "diversify your portfolio before"? This is what real investors do, they don't put their coins in a single basket, they diversify their portfolio by investing into different coins because you never can tell the one that will yield more profits, doing this again will make you on the safe side because you also don't know the one that will fail at the end of the day, so it's always good to share your capital in different forms to be in the best investment risk.

Romeotom

member

Activity: 821

Merit: 20

SOL.BIOKRIPT.COM

It will be good news if you get profit from new tokens by investing. Also good projects will come in the market anytime and there is no fixed time, so research which one is going to be the best. I appreciate that you should choose ido maker sites where good quality new projects are available. But my opinion is don't choose tokens from small exchange for your investment. Because many bad projects from exchange often get hype.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

It totally depends on what they are introducing and whether they are actually going to follow their promises or not. A good team behind the project is one of the fundamental things to be noticed since the team is the pillar of a project that won't let it fall and will keep it going the way it should. So, before you go ahead and start evaluating other things, you should first check if the project has a good team with a good track record and a history of successful ventures.

After that, you should check their whitepaper and see if their promises are actually realistic and if they can fulfill them without any issues or if they have written a bunch of crap that is only to fool the investors and they can never actually achieve what they are promising they would, that will pretty much give you an idea about the project and its potential.

MundoCoin

copper member

Activity: 33

Merit: 0

Quote from: Ultegra134 on August 20, 2023, 06:11:05 AM

Quote from: MundoCoin on August 19, 2023, 06:38:25 PM

Quote from: Ultegra134 on August 19, 2023, 06:20:28 PM

Unfortunately, the majority of new coins are a complete gamble because a great number of them serve no purpose or are scam coins based on the pump and dump scheme. Generally, you'll need to read their whitepaper, see what the project's goals are, and most importantly, are they feasible, or are we talking about a panacea that can't be implemented in the real world? Are the developers organized, and is there a community that supports this project? All these questions play a vital role in determining if a new coin is worth investing in.

I'm not really into altcoins and investing in new projects because I can't bother researching if it's worth it or not; thus, I tend to stick to Bitcoin. However, Binance recently listed SEI and Cyber, both of which look promising, and I decided to involve myself in farming them. Binance also usually lists projects that aren't scam schemes, so you may want to be on the lookout for any other coins that might enter their launchpad.

BTC is the benchmark in this field!
The reason why Binance has fewer scam projects is because of their strict vetting mechanism but also because of the expensive fees (scam projects, maybe he doesn't need to do a scam if there's enough money -lol).

Apart from the expensive fees, Binance has some requirements that need to be met in order for them to promote a new coin and ultimately list it. That doesn't necessarily mean that every new coin that is listed on Binance is worthy of investing in, but at least some of the research and work you would have done yourself has already been done by a corporation. On top of that, Binance, due to its promotions, creates a short hype when a coin is released. If you have participated in their presale or during their farming period through their launchpad, chances are that its launch will be hyped, something that you can take advantage of.

Thanks for the advice.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: MundoCoin on August 19, 2023, 06:38:25 PM

Quote from: Ultegra134 on August 19, 2023, 06:20:28 PM

Unfortunately, the majority of new coins are a complete gamble because a great number of them serve no purpose or are scam coins based on the pump and dump scheme. Generally, you'll need to read their whitepaper, see what the project's goals are, and most importantly, are they feasible, or are we talking about a panacea that can't be implemented in the real world? Are the developers organized, and is there a community that supports this project? All these questions play a vital role in determining if a new coin is worth investing in.

I'm not really into altcoins and investing in new projects because I can't bother researching if it's worth it or not; thus, I tend to stick to Bitcoin. However, Binance recently listed SEI and Cyber, both of which look promising, and I decided to involve myself in farming them. Binance also usually lists projects that aren't scam schemes, so you may want to be on the lookout for any other coins that might enter their launchpad.

BTC is the benchmark in this field!
The reason why Binance has fewer scam projects is because of their strict vetting mechanism but also because of the expensive fees (scam projects, maybe he doesn't need to do a scam if there's enough money -lol).

Apart from the expensive fees, Binance has some requirements that need to be met in order for them to promote a new coin and ultimately list it. That doesn't necessarily mean that every new coin that is listed on Binance is worthy of investing in, but at least some of the research and work you would have done yourself has already been done by a corporation. On top of that, Binance, due to its promotions, creates a short hype when a coin is released. If you have participated in their presale or during their farming period through their launchpad, chances are that its launch will be hyped, something that you can take advantage of.

MundoCoin

copper member

Activity: 33

Merit: 0

Quote from: coin-investor on August 20, 2023, 04:20:13 AM

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

I'll check the capability of the creator and the developers, behind a great innovation are people who are capable of making this happens, I'll check the whitepaper and the roadmap, and if possible and I'm hoping that there is no crowdfunding involved, a completely new technology can easily get in on exchanges so there is no need of funding to get in on exchanges
so I can invest through exchanges, Many investors get frustrated when the coin they've invested fails to get on top exchanges.
I prefer to invest when the coin/token is already in exchange rather than crowdfunding because of my bad experiences with ICO where the price is very cheap when it is the market rather than on their ICO.

Yes, a developer with a lot of experience is the cornerstone of the implementation of the technology.

coin-investor

hero member

Activity: 2940

Merit: 593

Leading Crypto Sports Betting & Casino Platform

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

I'll check the capability of the creator and the developers, behind a great innovation are people who are capable of making this happens, I'll check the whitepaper and the roadmap, and if possible and I'm hoping that there is no crowdfunding involved, a completely new technology can easily get in on exchanges so there is no need of funding to get in on exchanges
so I can invest through exchanges, Many investors get frustrated when the coin they've invested fails to get on top exchanges.
I prefer to invest when the coin/token is already in exchange rather than crowdfunding because of my bad experiences with ICO where the price is very cheap when it is the market rather than on their ICO.

AliDeep

newbie

Activity: 47

Merit: 0

Quote from: krishnaverma on August 20, 2023, 01:43:07 AM

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

If it is having a differentiating factor, it can be a good bet. Like, there are some privacy coins which are suited for different type oof audience. Same way , if there is some other coin which is targeting some other problem being faced by crypto users, it can be success. Other factors matter as well though. Like the team behind the coin. You should do a thorough research about the team behind the coin. Most of the scam coins have imaginary people in their team as their end goal is to run away with the money invested by investors in the coin.

The most important is to remember is that during the fall of the market it is possible to remember that not all the projects will be able to survive.

MundoCoin

copper member

Activity: 33

Merit: 0

Quote from: krishnaverma on August 20, 2023, 01:43:07 AM

Quote from: MundoCoin on August 18, 2023, 08:08:14 PM

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?

If it is having a differentiating factor, it can be a good bet. Like, there are some privacy coins which are suited for different type oof audience. Same way , if there is some other coin which is targeting some other problem being faced by crypto users, it can be success. Other factors matter as well though. Like the team behind the coin. You should do a thorough research about the team behind the coin. Most of the scam coins have imaginary people in their team as their end goal is to run away with the money invested by investors in the coin.

Indeed. Agreed.

Topic: How to tell if a new coin is worth investing in! (Read 334 times)