Topic: What are the first things you check when you investigate a new cryptocurrency? (Read 457 times)
February 14, 2016, 01:55:26 PM
It is usually quite obvious from the ANN whether it is some real project trying to achieve something or a bunch of bullshit put together to attract gullible "investors". The other thing is that scams often do better than good projects on the market, which is sad.
February 14, 2016, 11:47:14 AM
Well a NOT brand new forum account helps. Then of course the coin metrics, devs plan, and english/professional ANN.
February 14, 2016, 02:24:09 AM
Sorry mods, I'm drunk. I meant to post this in Altcoin Discussion. Feel free to delete this.
February 14, 2016, 02:22:57 AM
I usually google the known nodes for the new coin to see if they are common with any other coins.
Back then, we debunked a lot of scamcoins that way.
Back then, we debunked a lot of scamcoins that way.
February 14, 2016, 02:21:57 AM
For me:
1. I immediately check the algorithm. Is it POS (instant turn off), or some other gobblegook? If it sounds unique, I'll give it a chance.
2. IPO or even worse: pre-mine??
Do not pass go, do not collect 200 bits. FOAD.
3. Does it have a healthy community with a professional website, whitepaper, and non-shillbot comments?
1. I immediately check the algorithm. Is it POS (instant turn off), or some other gobblegook? If it sounds unique, I'll give it a chance.
2. IPO or even worse: pre-mine??
Do not pass go, do not collect 200 bits. FOAD. 3. Does it have a healthy community with a professional website, whitepaper, and non-shillbot comments?
Jump to: