Topic: How you choose projects for investment - page 4. (Read 2419 times)
There are some important factors to choose the right projects for making an investment. And the biggest factor is the team behind the project I suppose. For example, there are familiar faces who worked in a successful project before in the team of the new project. Then, it is more trustworthy than ever to me. If I don't know any of the people, then I become more careful before investing in it.
Before investing in any project i totally investigated partner which have direct impact on project status and investor take interest in project.
I also check their contract address verification for security. Coinmrketcap and coingecko listing is very necessary. Team and social media should be active for any project to stay long in market.
I also check their contract address verification for security. Coinmrketcap and coingecko listing is very necessary. Team and social media should be active for any project to stay long in market.
A professional team is usually one that can manage the project well and certainly in everything in doing it professionally. I usually see how long members of his team are experienced to complete the project.
When I see a coin and I think it is very good and has great potential in the future, then I consider it and I invest in it. if in the top cmc market, list my altcoin investments such as BNB, ETH, SOLANA, MATIC, MANA,AMP.for new altcoins I still hold Cifi, gamefi.
So far what I've seen is in the community. The important point is that you have mentioned everything. But what I'm all about is the community asking if you ask about the project that it will have the potential to produce or not depending on how big the community is. But if the project is potentially long-term we should also look at the road map.
One way of choosing projects is to go through the whitepaper to understand what the project is out to solve. There needs to be a sound use case that is in need by the general public, the larger the users of the project, the higher the potential. But it's also important to watch the market and know which project is doing well in terms of value. Some projects could have a long term potential, but we may be unwilling to wait that long.
Point 4 is an interesting point for investors. I also often see projects in charge of solving problems. Usually the harder they break the better for long-term investments. So far, usually the security and privacy coins are interesting coins for the long term and are very compatible with the 4th point.
That's obvious, but so far I prefer to hunt for coins born from exchanges because I also often get good profits from them such as UNI, CAKE, BNB, KCS, and others, because whatever choice there is in the crypto space is to achieve profit nothing else. 
Point 4 is an interesting point for investors. I also often see projects in charge of solving problems. Usually the harder they break the better for long-term investments. So far, usually the security and privacy coins are interesting coins for the long term and are very compatible with the 4th point.
Actually I don't need to explain anymore because of all the points you mentioned it is very important for us to check, and the most important thing is that the team working on a project if they are always active in solving problems then the project is very good for us to invest, and for the community we also have to see their popularity, if it is large then the project has a high possibility of success.
Projects that have a high probability of success are projects that are most favored by investors, not just ordinary people, because many people who like them are still not necessarily successful, especially if they do not invest in it.
I always check the team first. I research the team members's social media accounts and previous works. Then i always read the whitepaper and see what the project promises. Also, i look at other projects which have similar goals as the project and try to find out what innovations it promises to provide in that area. And i also check how well the project is trying to progress in line with its roadmap and check partnerships. Finally, i search for the opinions of other investors about the project on social media.
Actually I don't need to explain anymore because of all the points you mentioned it is very important for us to check, and the most important thing is that the team working on a project if they are always active in solving problems then the project is very good for us to invest, and for the community we also have to see their popularity, if it is large then the project has a high possibility of success.
with good development team members and good backgrounds, it becomes a gateway to research a project in more detail. and then the community becomes the next assessment, because this community will form the strength of the project. on the other hand if the project has a real product then it will be more useful for the community, and I think from those four points it is enough to judge a project
Its sad how now everyone are choosing projects depending on hype around the category in which the project fits in. Right now metaverse coins are too hyped and other good ones are in danger off being overlooked.
We all remember what happened to ICO bubble back in 2017 and how suddenly content didn’t matter, if we make the same mistake again, history is bound to repeat itself.
We all remember what happened to ICO bubble back in 2017 and how suddenly content didn’t matter, if we make the same mistake again, history is bound to repeat itself.
If you want to combine business with pleasure, then it seems to me that Loot NFT is a direct hit on the target. I can’t help but mention their auction system.
What's with their auction system?A lot of NFTs are seemingly having their own way of making money which is the known feature that everyone is looking for NFTs. But the NFT arts are the most expensive that we have in the market.
I can't even think of myself spending lots of ethereum buying those images.
Those who bought are the one who are willing to take that big risk, this NFT arts are for people
who can work with emotions, collectibles are either for owning or for something that will bring
good value after some time, it's not easy but if you manage to bought a good one, the chance
to earned a lot is always there.
That's right. But bigger risk means bigger rewards. I would personally invest in NFT arts, but at the same time, will also invest in NFT games that are play to earn just like axie and AnRKey X, and there are a lot more games out there, you just need to find that fits for you!.
All the important points you have mentioned to research a cryptocurrency project. I always use the four points you mentioned. The most important thing is how the community gets the attention of the project. Because the core of the project is a strong and solid community. I often see successful projects have a large community.
Team is important, but many launch anonymous... like Bitcoin did and Shiba... so, I'm not giving anymore so much weight on hidden team. What I'm looking for is the real use cases for the token, and roadmap. I have gone through somewhat hundreds of projects recently, and it gives some kind of feeling what is real and what's not. I like invest in at early stage, which is of course super risky, but it can give also nice rewards to cover loses.
On the contrary, I believe that you need to support young developers. They may have brilliant ideas and not a coin of money in the account. How to develop without cash? Investors helped me a lot at one time, and I am grateful to them.
And after you got on your feet, did you help some of the newbies? I once had such an experience, but nothing good came of it. It seems to me that your experience is more of an exception than the rule.
I've known cryptocurrencies since 2013 and I've had various discussions and advice from experts, but none of them are accurate and guarantee a profit, it's hard to tell which projects are real or scams but for security, I will choose projects that have proven promising like Crypto, AAVE, Solana and so on. and to invest in a new project then I will try with a small value and then see the progress.
Well, the way I invest in things is that asking myself what would be the value of this coin in the future. And then research for stuffs that support my answer. Stuff like things that supports the utility or value of the coin in the future. And also, what impact can it bring in the society, how can it help the people, what changes can it bring. You should not only focus on the team, the community, or the marketing and socials of the project. Yes they are also important but how long? Remember always that people buy the product and not their social medias.
I added two points, this is just an option. It may not be very important for a project. However, I will add value if in the project:
I think the two points you describe are closely related to the characteristics of a potential project,- There are outstanding partners (e.g. giant companies or capital investors).
- The project path is appropriate and keeps them updated on their social media.
when a project is supported or collaborated with a large company the potential for success is quite large,
clearly I agree with these two points and that is an important point that we need to know
Jump to: