Topic: what makes you trust a new altcoin? (Read 11162 times)
You need to be able to understand the projects and understand the factors that affect the quality of the project. There are a lot of them. If you learn to understand this and determine the most critical factors, then you will be able to choose the best projects on which many investors will earn big money.
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
Well I trust a new altcoin if I know that the project is good and have good product. We will know that if we research right project that have a great team and product that we will know we can use it in the future. 
in investing by using advances in technology and times such as investment with crypto currencies I think we must be good at utilizing all opportunities to gain profits in their investments and confidence and patience are the main capital in investing.
Most times what makes me trust new altcoins are:
- The innovation behind the project
- public appearance of the team members
- product
- etc.
When all these are in place new altcoins are worth the short
These factors influence public response. If the response is good and much discussed, the project is definitely very good. Especially if the sales are good, measured from the achievement of the hard cap target at Ico, the rest we just wait for the market response and the strategy of the team to develop prices. - The innovation behind the project
- public appearance of the team members
- product
- etc.
When all these are in place new altcoins are worth the short
For me, it's the team's background and the companies backing them. I know a lot of projects who claimed to have an impressive team, but none of those people were real. I take each and every member, inspect their LinkedIns and see if everything over there is true.
After I'm done with this, I check the backing companies list. I go to their official pages and see if they made any announcements about a partnership. For example, there was this project, Ludos Protocol - if I can remember well - claiming that they were backed by Softbank. I went through PR releases and directly to Softbank-related sources, as it was too good to be true, and found out that they were serious.
The general idea is to do your research and when something that seems too good to be true occurs, insists on that. There are tools you can use for researching, like Buzzsumo, or even an advanced search on Google can do the trick.
After I'm done with this, I check the backing companies list. I go to their official pages and see if they made any announcements about a partnership. For example, there was this project, Ludos Protocol - if I can remember well - claiming that they were backed by Softbank. I went through PR releases and directly to Softbank-related sources, as it was too good to be true, and found out that they were serious.
The general idea is to do your research and when something that seems too good to be true occurs, insists on that. There are tools you can use for researching, like Buzzsumo, or even an advanced search on Google can do the trick.
I am always checking every single detail that I can find about the people behind the project. The crucial thing is to see how much is the developing team committed to the idea and it is easily shown by checking all the alterations, changes and updates that are done in a certain period of time. The improvement has to be constant so that you can be sure that it is not a scam project where they are only looking to collect the initial profit. Also, the actions that are taken in promoting and implementing the coin in the market, CMC, exchanges, etc. The project that I am currently interested in and that satisfies all the criteria that I have mentioned and that is important to me is BTCN. This altcoin already reached CMC and is active in a couple of credible exchanges. It shows a steady progress and improvement for now.
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
Most times what makes me trust new altcoins are:- The innovation behind the project
- public appearance of the team members
- product
- etc.
When all these are in place new altcoins are worth the short
Depending on the developer, developer make me trust altcoin it is plan is well analyse and explained to me about there functioning product.
Until now i never trusted any altcoin becourse the mostly have CEOs and are not really dezentralized.
But i begin to trust more and more in ethereum this looks interesting for me beside Bitcoin.
regards
But i begin to trust more and more in ethereum this looks interesting for me beside Bitcoin.
regards
Learning to trust a new altcoin is harder than you think. At least, identifying it early can be a tough prospect. The basics for recognizing a good altcoin or trust it is to start learning about it. The more you read about it, the clearer it becomes, and slowly you will trust it. Also, having a good whitepaper and team is not enough, but does act as a pre-requisite for learning about the altcoin. In short, it is all about practice. You will make mistakes and trust altcoins that are not worth, but soon, you will be able to identify the real gems out there!
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
I am attracted and trusting ICO because of the platform, and the team members.
Also try to read the whitepaper of the ICO so that you will see all the information, benefits, bonus, etc of the ICO!
For me having a real product, prototype or mvp grabs my attention. From I go through the whitepaper and I do check the team's day to day activities(Going for blockchain conferences and others relevant stuffs to show some kind of seriousness and commitment)
Before investing in a coin, I first study the team and their environment. Then the marketing itself. The contract is on ethereum blockchain and only then I make a decision.
I trust a new altcoin if I can see what they can bring back in the future, how many real partnerships they have?
Actually, It is the power of hope.
Actually, It is the power of hope.
I now believe in new altcoin because the price of the former altcoin is so low that so when you invest in it it is definitely worth losing you to invest in new altcoin because of the greater likelihood that you will earn a great deal.
A good vision and mission, a team that is solid and experienced, has a good track record, and also a clear concept, especially if you already have your own product, so the project will be more convincing.
the features above are one of them there is a BNB token first and TRON,
BNB is famous for its exchangers, and Tron is famous for its fast movements and good innovation.
the features above are one of them there is a BNB token first and TRON,
BNB is famous for its exchangers, and Tron is famous for its fast movements and good innovation.
Only a working product makes me to invest in a project. I am sick of projects that are selling an idea without any development plans, and as the market shows, such projects are losing at least 10x from their ICO price.
There are a lot of factors that are affecting my investing decisions. The most important aspect of a new project is a detailed whitepaper, because it is the most important document of every project. I am also trying to invest in project that have already released their product.
What makes me believe and desires to invest in it is the team that is on the coin. New coins that have a team that is experienced in their fields and also has extensive knowledge of crypto will tend to be skilled in developing the coin technology. Even though the coins are relatively new, they will be able to keep up with the growth and development of crypto, they can even overtake old coins that are on crypto.
I will not say that I completely trust new projects, but many of them look very promising, as they appeared in difficult times and can compete with large projects that have long been on the market. New projects have a better idea, I believe in them more than old ones, maybe when the market starts to recover, new projects will fly into space.
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