Topic: What encourages you to invest in any altcoin? - page 43. (Read 7229 times)
You will be surprised, but each person is motivated to invest only desire to earn. I know very little about philanthropists in business. Probably, to that who considers it as a hobby, to that it is easy.
A good dev team and a good idea behind the coin. If a coin has something unique and usable that's already big in my book these days.
Those are in short supply, there are many icos out there and not many fulfill those conditions and even those conditions are not enough to create success since at the end of the day you need people to adopt the project and if they do not then the project is going to fail regardless of how good is the dev team.
Very tough question to answer. The thing is there is no specific pattern or trend involved in coins exploding in value(Pump or Dump) since the crypto market is extremely volatile. It is true that a great development team, awesome community, great roadmap, well written whitepaper, great marketing campaign etc are all good reasons to identify whether an ICO is legit or a scam, but we can never be 100% sure. There were many ICOs which ticked all the right boxes, but turned tail and ran in the opposite direction when they filled their pockets. Luck and research are the most important factors according to me.
A good dev team and a good idea behind the coin. If a coin has something unique and usable that's already big in my book these days.
Those are in short supply, there are many icos out there and not many fulfill those conditions and even those conditions are not enough to create success since at the end of the day you need people to adopt the project and if they do not then the project is going to fail regardless of how good is the dev team.
Because investing in altcoin is more profitable than investing in bitcoins or traditional finances, for example, I invested a few altcoin and made a lot of money, thanks to my chance of investing in altcoin.
Because altcoin is also a friendly investment and it can easy to access. It has a good motivation to the people. Because it gives a big upportunity to invest easier. And less effort and less anxiety. Its can provide also a good quality of way of giving and saving money also.
You have top spot a new idea and good and honest devs - that most of the critaeria. Then it is also good to pick it up when most of the people still don't believe in it at all.
The team behind it,the product and the investors these are my checklist if the alt doesnt have these categories i wont invest on it.
I always look at the team and the project. If I am absolutely sure in people — see that they have been keeping their accounts for years, that they have other achievements and they have what to lose, it inspires me much.
Altcoins are the future. Every developer team that is working on their altcoin system is promising something different, usually something that will change the world. There are the couple of altcoins that really present what developers showed them to be. The truth behind investment in any altcoin is the promising project that will fulfill my expectations and also the expectation for whole community who have given the trust into the hands of developers of that particular altcoin. Altcoins are changeable and they have the power to influence the market very fast because every alt is based on its own unique system. The Investor is the one that can give the opportunity for specific altcoin to rise and when it rises fulfillment is met.
The alt coin market has grown significantly larger over the last 6 months and i'm looking at coins that have the fast track at bringing their product to market and enabling widespread adoption.
Before investing in any altcoin i think that you could see the project's business plan and check the team. Now it' s more difficult getting gain because there are a lot of project and the first question that i do is: "is blockchain needful to that project?"
Before investing in altcoins, you should look at the team working on the project. and also read the whitepaper or see the project roadmap.
I do all this things and thorough research before it guarantees me that this project in future will be successful. Also another thing is that will that coin have a demand in the next 1 year and what will drive that demand due to which coin will have a high value . Once this questions answers you then you are good to invest in that project.
Before I invest anywhere, I will carefully check. I will evaluate the risks, read thematic forums and consult with friends. You will lose everything unless you are a professional in your business. You are either the first or you are dead.
What is the project about. How are they gonna implement it. Check threads and see if the developer answers questions and is sure about what he is doing. A good and hardworking team.
Before investing in altcoins, you should look at the team working on the project. and also read the whitepaper or see the project roadmap.
I do all this things and thorough research before it guarantees me that this project in future will be successful. Also another thing is that will that coin have a demand in the next 1 year and what will drive that demand due to which coin will have a high value . Once this questions answers you then you are good to invest in that project.
Before investing in altcoins, you should look at the team working on the project. and also read the whitepaper or see the project roadmap.
for a start, if it has the word "Bit" in front of it, its usually trying to make itself a name at the expense of another coin. this is a huge detractor.
the size of the dev team as well as a secondary function using blockchain and smart contracts adapted to real world uses is a big key factor.
realistic whitepapers and timelines are good also.
if the team are very open and publicly accessible , think LinkedIn, Facebook etc and not hiding behind some obscure maze of WhoIS protection, this shows they have put their reputation up and usually arent a big short.
the size of the dev team as well as a secondary function using blockchain and smart contracts adapted to real world uses is a big key factor.
realistic whitepapers and timelines are good also.
if the team are very open and publicly accessible , think LinkedIn, Facebook etc and not hiding behind some obscure maze of WhoIS protection, this shows they have put their reputation up and usually arent a big short.
One thing I look for is truly "organic" news regarding the ICO/product. Too often I see what is clearly pair PR. Of course anyone can pay off sophisticated writers and bloggers, but its expensive for the more legit ones.
So I look at the news/blogs/articles regarding the product and see how organic or "natural" it appears.
So I look at the news/blogs/articles regarding the product and see how organic or "natural" it appears.
What encourages you to invest in any altcoin? l think world application is something important for an altcoin
but we dont know how a particular altcoin dev team are going to market the product
and also we dont know what the interest and useage is going to be.
but we dont know how a particular altcoin dev team are going to market the product
and also we dont know what the interest and useage is going to be.
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