Topic: what makes you trust a new altcoin? - page 24. (Read 11111 times)
I am very cautious about the new altcoins, how many projects are working before the first pamp and investors are leaving the project together with the developers after making a profit.
Before investing in an ICO, you need to consider a number of factors, team members and their experience, supply, ICO price, and so on. In my opinion, interaction with the community is also important.
I believe because before deciding to invest in a new coin, I did some checking first. And that makes many people when investing, then get the coin scam because they are not thorough. If you think well before taking the decision is certainly a very good result.
Before i do a lot invesment to new altcoin (ico)
i do my own research, see the roadmap , white paper, team behind ico project
the purpose of the token created
rating ico site, etc.
i do my own research, see the roadmap , white paper, team behind ico project
the purpose of the token created
rating ico site, etc.
Whenever I am about to start investing in a certain altcoin, I will read its white paper and team introduction. If the product is legal and can be used for good purposes, then I will choose to invest in it!
I read their whole project and how they come to an idea of making the new coin. If there is a great reason for making such coin that is unique from the other then I proceed further because I know that if the coin doesn't have any reason to be created then it won't stick around for more time. Then comes the research about the company, the developers, their abilities and personalities etc. the ICOs are also a good way to know whether a coin will be successful one. See the results of their ICOs and you will know whether to invest in it or not.
I won't give 100% of my trust in a new altcoin because I think it will need time before I can trust the coins. besides that, before I trust one coin, I need to check on their trade on every exchange so I can decide to trust or to just trying to make a profit. it is difficult to give the trust for the new altcoin before they can give a good progress in their project and in the exchange so maybe later if the coin is very good, then I will trust and will hold the coin for a long time.
They have many opportunities to increase due to support by many factors: the user is interested, the development team always seeks to raise the value of the coin,... So the new coins have a dizzy price increase when boarding the floor
I see the altcoins based on the duration of the project and the number of project development teams. Enthusiasts will see from the product created by the project.
It`s better then trying to mining BTC. And if u r not investing a lot, risk are low
I trust new altcoin only after their tchatelny studying, namely the team of developers, their road map (surely pay attention on how many well it is painted), I look whether the project has an experience and what partners.
It is very difficult to explain exactly which factor influences my choice of an altcoin. I try to study the whole project before making a choice. For me, the project team and the product are important.
The coin has to be useful if there is already something that can replace it - the coin won't last. Next, you need to make sure that the team behind the coin is reliable, search their LinkedIn, landing page and find out whether they have an expertise and have been involved with the technology they are using. Also, google them and make sure they don't have any scamming records. Last but not least, make sure that their product gives a new solution if there is already a steady centralized project that can solve the problem, what's the point of decentralization?
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
I guess there are certain factors that I consider first before trusting a new altcoin. I would further research about it's ICO and the progress it has made in the past days, months or years, depending on how long it has been around. Now, if it's really new, I would always go for it's purpose, by doing so, I could be able to tell if it will be profitable.
I only trust the altcoin that has the minimum product. Because that is the basis for good altcoin differentiation and altcoin for pumping and dumping. And with the new altcoin I don't trust it because there are so many altcoin died shortly after because the development team dropped it after the ICO was successful. Altcoin is just for speculation to make a profit.
In order to trust a new altcoin I analyze tokenometrics, hype around, community and transparency. All these factors are worth to analyze each alt.
I don't like new appeared altcoins with high capitalisation.
I don't like new appeared altcoins with high capitalisation.
What influenced me to put stock in the new altcoins? There might be developments that new altcoins have. They manufactured a task with an inventive and unique in relation to different altcoins. So they pull in eagerness from the cryptographic money client to purchase or contribute there. The reason for a venture is extremely important.It's in reality exceptionally straightforward. There is such an asset as ICODROPS. Above all else you have to take a gander at key financial specialists (stores) and the group.
First I read a white paper and analyze the idea of the project. I analyze the project team and their activities. Also I communicate with the organizers and ask them questions that interest me. Analyzing partners.
I am always looking for a very popular project, which is much discussed in telegram channels, and I look at how popular people are interested in them, and then I consider the pros and cons, and I join this project.
I will only give trust to new altcoins that have proven beneficial. If I meet a new altcoin that has no benefits and only duplicate the technology before then I will not put any trust in the altcoin. I will see the benefits that altcoin bring in real. In my opinion, there is no point in this new altcoin if it does not provide benefits to simplify and accelerate our work. I am sure that if the new coin does not provide benefits then it will not get a place in the crypto currency market.
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