This is a major problem. Do not invest based on other people's opinions. I know it is much easier on the soul to put the responsibility on another person, but from my experience this is the worst thing to do. You will not only damage the relationship with your friend, but also not gain any useful experience from your crypto investment endeavours so you can correct any mistakes you make..
Thank you for this, but those advice from him even though it won't get successful, still were friends, I know that there is still a risk about his suggestion but still, I will invest in it and then I just realized to do it with my own that's why I am asking for general advice from the expert, I 
Topic: Newly crypto projects. (Read 112 times)
Thank you all for the good advice. I will now always look for the roadmap and the developers identity.
With the change in strategy from new projects as well as exchanges, it's not easy to join public sale of new projects. They are scattered in many different launch platforms and finding a good project is a difficult task. DEFIs are quite popular at this time and one idea to find good defi is to look at their audit report. Independent auditor do a fine job of pointingg out different issues including but not limited to higher centralization or poor token economics.
I am always looking for a new crypto project, there are times that I got rugged but and there are also times that I gain money from investing in it, I just want to seek advice from those people who do the same thing to me because I am only investing in what my friend has told me with good potential. Can you guys help me with this?
1. How to identify if the project has potential or not?
1. How to identify if the project has potential or not?
I think we should accept the fact that most of the time if we are investing in a particular crypto project we are just speculating and hoping that project will be successful that's why it is better to find out that "potential project" personally to held us liable for our own choices because people might give you their fave project that based on their personal speculations and if something bad will happen we cannot just blame somebody for our own choices.
I am only investing in what my friend has told me with good potential.
This is a major problem. Do not invest based on other people's opinions. I know it is much easier on the soul to put the responsibility on another person, but from my experience this is the worst thing to do. You will not only damage the relationship with your friend, but also not gain any useful experience from your crypto investment endeavours so you can correct any mistakes you make.
The fact that you're asking how to identify good potential is a good step towards independence.
I am always looking for a new crypto project, there are times that I got rugged but and there are also times that I gain money from investing in it, I just want to seek advice from those people who do the same thing to me because I am only investing in what my friend has told me with good potential. Can you guys help me with this?
1. How to identify if the project has potential or not?
As I do everyone by giving suggestions to focus on partnership. ICO investment has always been risky since we crossed the time of 2018. Any lucky one can participate in the Binance or top exchange IEO. IEO investments are secure but investors don't have price control. I like ICO instead of IEO, but I will go for IEO for my funds risks. Although still new projects are more risky than older projects. 1. How to identify if the project has potential or not?
I am always looking for a new crypto project, there are times that I got rugged but and there are also times that I gain money from investing in it, I just want to seek advice from those people who do the same thing to me because I am only investing in what my friend has told me with good potential. Can you guys help me with this?
1. How to identify if the project has potential or not?
I don't do the same thing as you.1. How to identify if the project has potential or not?
But it only takes a little research to know if a project is good with several factors that you can when you want to know if they've got the potential or doesn't have.
Aside from the suggestion above, check if the people working for those projects are legit and not just grabbed photos and invented names.
This has been discussed so many times here and it will always end up on DYOR advice.
It's really hard to determine or predict if a new project has the potential to gain profit, sometimes there's looking good at the first flow but in the end, the team will abandon it.
IMO, a good sign was started on the community on the roadmap, which blockchain is it built on, the team behind on the project and next is how the project has a unique idea that can be useful in the future. Followed by the community how active they are and the last on which exchange it will list, well, it's probably a good sign if it will be listed on the big exchange.
My suggestion is, avoid those hype projects they might a trap to those greed people, learn to have your research instead.
It's really hard to determine or predict if a new project has the potential to gain profit, sometimes there's looking good at the first flow but in the end, the team will abandon it.
IMO, a good sign was started on the community on the roadmap, which blockchain is it built on, the team behind on the project and next is how the project has a unique idea that can be useful in the future. Followed by the community how active they are and the last on which exchange it will list, well, it's probably a good sign if it will be listed on the big exchange.
My suggestion is, avoid those hype projects they might a trap to those greed people, learn to have your research instead.
Usually, some people go to different investment sites that offer great projects that could probably be worth a lot. If it comes to identifying it, usually you check the roadmap and check the team if it's outstanding and not a copy-paste of a profile. The actual project should be innovative that it's not yet been invented or improved on something that is considered a problem towards something.
Most of the time, the value is retained if many people believe in it and continue to show promise with the project. Maybe you can check out the different coin listing sites.
Most of the time, the value is retained if many people believe in it and continue to show promise with the project. Maybe you can check out the different coin listing sites.
I am always looking for a new crypto project, there are times that I got rugged but and there are also times that I gain money from investing in it, I just want to seek advice from those people who do the same thing to me because I am only investing in what my friend has told me with good potential. Can you guys help me with this?
1. How to identify if the project has potential or not?
1. How to identify if the project has potential or not?
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