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Topic: What makes a crypto project reliable and trustworthy ? - page 6. (Read 1344 times)

newbie
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.                                                                                                        


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hero member
Activity: 3066
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Vave.com - Crypto Casino
In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
That would listening to our emotions and not going by the charts. There are coins worth putting money in like the top five but luck should never be brought into the question when buying crypto.

Projects and how they are developing is a good point. If you look closely you will find that it is more of smoke and mirrors here. Very few actually have been developing properly and they are going to go bankrupt in a few years.

It would be much better to avoid such coins and keep your hands on Bitcoin.
I agree with what you've said in the latter that it's always best to keep on and have bitcoin than any of these projects. But we can't stop to look at some projects when we've got a tiny spare to be released and have it gambled with it since it's affordable amount to lose.

In terms of projects, I don't think that luck should be associated with their success.

In every success there is always a variable factor and it is greatly affected by luck.  Yes success can be predetermined with planning and studying several factors but as i said, there is always a variable factor that is way out of our hands.  So luck can be associated with success on this field.
Well, that's just what I think about successful projects. But I think if we'll ask them, they'll provide answers that will relate to their working ethics and how hard and smartly they've worked with it.

I agree, everything should be planned out and worked out.  Success will not come if we are only waiting, we have to work for it to happen.  So for a project to be successful, the developer must thrive hard and do their best to deliver roadmap at its finest and not just a half-baked one in order to increase their chance of success in the market.

Investors on the other hand can do their research and plan according to what the discovered.  If they are lucky enough that the project developers are serious of developing their project then I can say, the end road will be a successful one.
We see at the beginning developers that are serious with what they're working with. But, it's hard to spot on when they're like at the tail of their success and seeing the demand for the token they've released, that's where the harder part comes because many developers dump their tokens all at once and it's visible based on the project's pricing.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.                                                                                                        

In my opinion is the team behind the project,if the team is well known and they have a clear road map of what they want to achieve in the future this to me can look like a trustworthy project.For example I believe a lot in the team behind Raptoreum-RTM coin,a true CPU mineable coin that brings real ASICS decentralization as it changes algorithm a few times,beside that the team behind it as I said has a great vision which they are implementing,right now they are in the assets phase,they have implemented it,the big one though is smart contracts which are coming next,once they add 2-3 programming languages for this,I think this altcoin will be a hit.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
That would listening to our emotions and not going by the charts. There are coins worth putting money in like the top five but luck should never be brought into the question when buying crypto.

Projects and how they are developing is a good point. If you look closely you will find that it is more of smoke and mirrors here. Very few actually have been developing properly and they are going to go bankrupt in a few years.

It would be much better to avoid such coins and keep your hands on Bitcoin.
hero member
Activity: 1960
Merit: 537
Leading Crypto Sports Betting & Casino Platform
Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.                                                                                                        
When talking about altcoin , there are no concrete idea of how we could find a legit or trustworthy project though we are tend to believe that there are a possible big reutrns.
altcoin is a fall of risk and that is not a fact but a reality so better to check your project wisely as even those who are being promoted by big people sometimes end up not progressing to the top.
find your risk and invest only what you can afford to lose.

Those who seek assurance cab focus on coins that have been running activities for a long time. Those who have a bigger community and have dealt with the ups and downs of the market. I would say that some of the top coins can perform better and will be more reliable. It's hard to rely on new projects nowadays so focusing on old and trusted coins will be wiser.
actually XRP had been running long but eventually experienced dump because of the case filed against them , and also NEO that once being on top but now? it drops badly and the later one is Litecoin , after the selling  happened or the change of management ? we seen how bad they are acting now .
but of course it is indeed one of the best way to trust aside from bitcoin those coin long running currencies are good.

Investment is for profit, if you want safe and reliable, then choose bitcoin, no need to choose useless old altcoins. Investing in altcoins is with the expectation of earning a higher return than bitcoin, so old coins that have been dumped and are no longer of much interest to the community are better off getting rid of them. Investing in altcoins is inherently risky, so we need to get the reward worth it, I would invest in potential new projects rather than old ones.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.                                                                                                        
When talking about altcoin , there are no concrete idea of how we could find a legit or trustworthy project though we are tend to believe that there are a possible big reutrns.
altcoin is a fall of risk and that is not a fact but a reality so better to check your project wisely as even those who are being promoted by big people sometimes end up not progressing to the top.
find your risk and invest only what you can afford to lose.

Those who seek assurance cab focus on coins that have been running activities for a long time. Those who have a bigger community and have dealt with the ups and downs of the market. I would say that some of the top coins can perform better and will be more reliable. It's hard to rely on new projects nowadays so focusing on old and trusted coins will be wiser.
actually XRP had been running long but eventually experienced dump because of the case filed against them , and also NEO that once being on top but now? it drops badly and the later one is Litecoin , after the selling  happened or the change of management ? we seen how bad they are acting now .
but of course it is indeed one of the best way to trust aside from bitcoin those coin long running currencies are good.
hero member
Activity: 1918
Merit: 564
For me I will say that new project is trustworthy and good for invest is the review of one past investors it because even if the team behind that project was have a successful project in the past because not all the time that they have a successful project last year or more then now they will be a successful. Because sometime we have our unlucky moment and if that happen then for sure the opposite of success will be in the finish line.
In terms of projects, I don't think that luck should be associated with their success.

In every success there is always a variable factor and it is greatly affected by luck.  Yes success can be predetermined with planning and studying several factors but as i said, there is always a variable factor that is way out of our hands.  So luck can be associated with success on this field.


That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.

I agree, everything should be planned out and worked out.  Success will not come if we are only waiting, we have to work for it to happen.  So for a project to be successful, the developer must thrive hard and do their best to deliver roadmap at its finest and not just a half-baked one in order to increase their chance of success in the market.

Investors on the other hand can do their research and plan according to what the discovered.  If they are lucky enough that the project developers are serious of developing their project then I can say, the end road will be a successful one.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
We surely did believe in luck when we invest on a project that we will earn profit and I don't think that it is wrong to be like that or to think like that. We all have our ways on what we do either on investing in a project or other things. We sometimes did have our unlucky moments as what shamm posted and it doesn't mean that it is because of the project's luck that we didn't earn profit. I can only say that a project is trustworthy if it continues to exist after it is launched rather than turning into dust.
There's nothing wrong with that but I'm telling about the perspective of running a project, and the developers that are running the projects. Their success relies on how hard working they are and effective the project they're working on is.
It's true that unlucky moments comes to us and that's giving us some bad beats vibes that we think the project itself isn't the one that we should have invested. And from that experience, we're learning a lesson on how to invest properly and ends up with some good upgrade for each individuals like us.
hero member
Activity: 2268
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Bitcoin Casino Est. 2013
Nothing wrong with seeking luck but this is should not be our practice, it is good to practice investing in projects that are really profitable and we know it can happen. Because we can't just rely on luck here, even though we are a newbie must not think about it but rather improve our knowledge and skills to determine what is a good project and what is a worthless one. Otherwise, we are just investing like gambling and the chances are slim - 50/50. I think we can't afford to have that chance of winning or losing because what we want is to earn.
I definitely agree with you there but I am not talking about seeking luck as a practice in investing projects but about our luck in investment. I am not an expert in choosing a project to invest when I start learning about crypto currency and I did not have that kind of practice where I base my investment in luck rather than doing research myself to know which project I should invest and earn profit. I did it before which I did earn profit and I was thinking that I am not that lucky or in short not my very lucky moments. That's what I mean and not about using luck in investment.

That's right, No successful investor or trader is rely on on their lack in majority of the time. I'm sure that luck affects them on the things they do but I'm sure that before they executing their moves, They have planned and studied their move for it to be precise and make it near their goals. I personally think that it is dumb to invest on a project that has a 50/50% chance of being successful. I will just gamble if that is the case, I know that I have more confidence in doing gambling than risking it on a 50/50 chance.
You just repeat the statement that it is much like gambling if you are investing relying on luck. Once again, my previous post is not about relying on luck but about how lucky you are in investing, not about your practice in relying on luck when investing. You can say it like your level of luck in the field of investment like Luck level 1-10 for example if you didn't get my point. I say you missed my point there and once again, not about relying on luck when investing.
legendary
Activity: 2492
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In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
We surely did believe in luck when we invest on a project that we will earn profit and I don't think that it is wrong to be like that or to think like that. We all have our ways on what we do either on investing in a project or other things. We sometimes did have our unlucky moments as what shamm posted and it doesn't mean that it is because of the project's luck that we didn't earn profit. I can only say that a project is trustworthy if it continues to exist after it is launched rather than turning into dust.
Nothing wrong with seeking luck but this is should not be our practice, it is good to practice investing in projects that are really profitable and we know it can happen. Because we can't just rely on luck here, even though we are a newbie must not think about it but rather improve our knowledge and skills to determine what is a good project and what is a worthless one. Otherwise, we are just investing like gambling and the chances are slim - 50/50. I think we can't afford to have that chance of winning or losing because what we want is to earn.
That's right, No successful investor or trader is rely on on their lack in majority of the time. I'm sure that luck affects them on the things they do but I'm sure that before they executing their moves, They have planned and studied their move for it to be precise and make it near their goals. I personally think that it is dumb to invest on a project that has a 50/50% chance of being successful. I will just gamble if that is the case, I know that I have more confidence in doing gambling than risking it on a 50/50 chance.
sr. member
Activity: 2436
Merit: 343
In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
We surely did believe in luck when we invest on a project that we will earn profit and I don't think that it is wrong to be like that or to think like that. We all have our ways on what we do either on investing in a project or other things. We sometimes did have our unlucky moments as what shamm posted and it doesn't mean that it is because of the project's luck that we didn't earn profit. I can only say that a project is trustworthy if it continues to exist after it is launched rather than turning into dust.
Nothing wrong with seeking luck but this is should not be our practice, it is good to practice investing in projects that are really profitable and we know it can happen. Because we can't just rely on luck here, even though we are a newbie must not think about it but rather improve our knowledge and skills to determine what is a good project and what is a worthless one. Otherwise, we are just investing like gambling and the chances are slim - 50/50. I think we can't afford to have that chance of winning or losing because what we want is to earn.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
We surely did believe in luck when we invest on a project that we will earn profit and I don't think that it is wrong to be like that or to think like that. We all have our ways on what we do either on investing in a project or other things. We sometimes did have our unlucky moments as what shamm posted and it doesn't mean that it is because of the project's luck that we didn't earn profit. I can only say that a project is trustworthy if it continues to exist after it is launched rather than turning into dust.
hero member
Activity: 2884
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I understand how difficult it is to find altcoin projects that actually have decent potential. because most altcoin projects are always made to be raised and discarded after the maker makes a big profit. But still, out of all the altcoin projects there will always be projects that are really good and have good utilities and good fundamentals. usually these projects are made by people who have a good reputation in the crypto industry or at least have extensive knowledge and many achievements in the field of technology. so their project also has a reliable team. both in design and in marketing. so the first thing I always look for in an altcoin project is to find out who is behind the altcoin project.
This is not a bad idea, just make sure they are who they say they are, as it is not rare for scammers to impersonate famous developers and attract investors this way, but then it is discovered this is not the case and anyone that already sent them their coins has no recourse to get them back as those scammers disappear shortly after they are discovered, so caution should always be a priority when dealing with a new coin, however if after you make your due diligence you find out everything is fine then you can invest some money in that project if you want.
hero member
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Vave.com - Crypto Casino
For me I will say that new project is trustworthy and good for invest is the review of one past investors it because even if the team behind that project was have a successful project in the past because not all the time that they have a successful project last year or more then now they will be a successful. Because sometime we have our unlucky moment and if that happen then for sure the opposite of success will be in the finish line.
In terms of projects, I don't think that luck should be associated with their success. That's what I think and believe that everything should be worked out and they have to do it based on what they're conducting by working on that project.
But we as individuals, I think we tend to believe with luck when we invest on a project that suddenly made us interested on buying it.
hero member
Activity: 952
Merit: 779
I understand how difficult it is to find altcoin projects that actually have decent potential. because most altcoin projects are always made to be raised and discarded after the maker makes a big profit. But still, out of all the altcoin projects there will always be projects that are really good and have good utilities and good fundamentals. usually these projects are made by people who have a good reputation in the crypto industry or at least have extensive knowledge and many achievements in the field of technology. so their project also has a reliable team. both in design and in marketing. so the first thing I always look for in an altcoin project is to find out who is behind the altcoin project.
legendary
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Smart is not enough, there must be skills
For me I will say that new project is trustworthy and good for invest is the review of one past investors it because even if the team behind that project was have a successful project in the past because not all the time that they have a successful project last year or more then now they will be a successful. Because sometime we have our unlucky moment and if that happen then for sure the opposite of success will be in the finish line.
Don't be a benchmark for following past investors because we also have to be able to analyze every project that will be invested at the beginning, this is indeed difficult to determine but by doing my research we will rely more than relying on other people so the new project will not be entirely successful even though they have a good roadmap but it also depends on how the community reacts to their project.
I myself sometimes get stuck in projects that I think are good, but there are other projects that are thought to be bad so they turn out to be good in the future and that is what we have to understand.
hero member
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good reputation from the devs and the fact that they always delivers, it doesn't need to be complicated to make project trustworthy.
it's just the good will from the devs in their effort of building their project because we could judge whether the devs actually willing or just try to money grabbing.
If we observe then we will see that there are different types of projects. From them we have to choose the right one. And if we can choose the right project then we don't have to face loss. So we have to do right thing all the time otherwise we have to go through big problems so I think if we can take right decision at right time then it is for us. will be good

Actually it can be a risk if you really feel you are observant enough to look at it, but indeed the problem is to find a good project we obviously need time to find and I still feel it is quite a waste of time so it would be better if I wasn't in it that matter.
I prefer to be in something that is certain even though the risk is definitely there but for altcoins that are certain at least this can still be minimized regarding losses.
sr. member
Activity: 1148
Merit: 346
For me I will say that new project is trustworthy and good for invest is the review of one past investors it because even if the team behind that project was have a successful project in the past because not all the time that they have a successful project last year or more then now they will be a successful. Because sometime we have our unlucky moment and if that happen then for sure the opposite of success will be in the finish line.
sr. member
Activity: 826
Merit: 460
Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.                                                                                                        
I think in this case some of you have mentioned but we still need more indicators to see whether a project can be trusted or not to put our money into the project, apart from credibility and a large community of people, product utility and product ecosystem and the clarity of the project product itself must be able to understand what it means and how it works. In fact, there are still a lot of indicators to see if a crypto project is feasible or not. We can look at its development from month to month or year to year to convince you of the extent to which the developers project are serious about working on it and see the strengths and weaknesses.
legendary
Activity: 3122
Merit: 1140
Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.                                                                                                        
REAL USE CASE

Stick with this and if you do see that it is something that realistic and achievable then i would definitely be testing it out to make some investment on it.It might not be that precise nor really successful most of the time but this is where i do make money the most.The main challenge would be experiencing out of this situation is that on how you would be finding out these gems?

Finding one would really be that pain in the ass.If you do check around on how many project launches on day to day basis then you would really be that thinking
that it is really that a tiring thing to make up search every each of them.  Cheesy
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