I always see coins in terms of technology and innovation. I see new altcoins from the technology. If the technology brought by altcoin is a renewable, unique and innovative technology, then I will put trust in the new altcoin. But what is happening now is precisely the number of altcoins that only appear without innovation. The altcoin emerged with duplication of the previous altcoin technology. That is what makes me disappointed with the presence of the altcoin just now. I just hope that the new altcoin that emerge really pay attention to aspects of technology in order to last a long time in the market. That is a bit of my idea.
Topic: what makes you trust a new altcoin? - page 25. (Read 11111 times)
Even before planning on investing, I do a lot of research about the coin at question. First thing being searching up the developers and CEO on LinkedIn or other social medias and confirming that they're the actual people behind the project. Then comes the part where I go through the whitepaper and set a potential gauge for the coin depending upon which the size of my investment lies. Depending upon the uniqueness of the project, if at all there are similar projects, I always go through all of them to be completely sure which one is the best.
These are just some basic factors I believe everyone should go through and research before 'trusting' any altcoin in the market.
These are just some basic factors I believe everyone should go through and research before 'trusting' any altcoin in the market.
Thanks for this insight! Really do appreciate it. I'm still quite new to Altcoin so this input is really helpful for me.
The first thing I pay attention to when I analyze some kind of coin is the company, the project, the team that released it. I'll find out if they have any experience in this area, whether there are any achievements or developments and then draw conclusions. Most of the success of any project and coin depends on the team
There are so many reason to trust a new coin before investing. Some o f the things we look at for
1. The team behiind the project
2. Their mission statement
3. the problem they tend to address
4. Their roadmap
5. Their circulating volume
these are the very few we put into consideration before picking on ICO
1. The team behiind the project
2. Their mission statement
3. the problem they tend to address
4. Their roadmap
5. Their circulating volume
these are the very few we put into consideration before picking on ICO
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
I usually try to do a fairly detailed research before investing in such projects because the market is in a very bad situation and these projects are often used for bad purposes. For that reason, it is my first requirement to investigate detailed information about the project before investing in such projects. Website design has become an easy and inexpensive process today, so it is easy to do something, so I do not just evaluate the project by looking at the website design. When I do research, my most important point is the project team, which is already a good enough factor to determine the success of the project. On the other hand, I look at project technology and other details about the project targets through different sources, and I make investment decisions based on these results. One fact is that projects that have a successful team always win. Projects created with new and inexperienced people or people who have become miserable in this sector are heavily successful. For that reason, instead of just looking at the website, I look at all the details and then I make an investment decision.
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
A very clever question. I always wanted to know this my self. This discussion is very helpful.
First of all, it's the project idea, if the project brings anything innovative to the world or it is just one among many others in the industry. Next, I'm looking at the teams experiences to know if they are able to create a successful product.
For me, the value of the cryptocurrency is important at the moment when I buy it. I don't care about anything else.
I do not check new coins now. There are many old one, which have a promising future.
You need to look at whether the project offers a realistic idea that is really realistic. I have seen projects that offer supernatural ideas that people certainly do not believe in and therefore are not interested in participating.
Usually I did some research before making any investment decision. Yeah, researching and reading necessary details as well having an investigation and analyzing how the project can be in the future, it's just a matter of risking it with assurance since we know by ourselves that we understand how that alt can be useful on the said project that once it is finished and fully developed the demands will increase. Pay more attention to those altcoin for the best results. Good luck mate.
I look at the concept of the project and collect information about the developers, if the project is strong, then undoubtedly it will develop and the cost of the token will grow
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
I will be confident in the coin only if its developers are already well known in the crypto-currency world. Other layouts do not exist
I found AML Bitcoin (ABTC) easy to trust. They have a really nice team set up for customer service, tech support and they also a Telegram group where I can get a reply in a few mins. Also Facebook and Twitter are official accounts. I have been following for a quite time now. I read the whitepaper and they are worthy to trust.
I believe that that place is giving us the most truthful information, so many altcoin are poor quality and scams, so do not believe everything they are doing and promoting. Good luck
I trust an altcoin if I see that they have put a lot of effort in the design and that it is good thought through. In addition, I think it is essential that they have released some of the important parts of the coin (and thereby have shown that they are able to develop a coin). Support of some prominent figures in the crypto world is a big pre.
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
well, first of all, I look at the product that the team is planning to creatis it possible to create it?
is it promising?
then if I like idea, then I look at the people who will implement it
There is a trust between the new altcoins and the buyer and the investors, this is the most important thing trust each other for the success of that ICO. When you do the investment you buy coins on that newly launch altcoins ICO, but first you must know their background and the team members and the manager and developer of that ICO so that you can decide if that ICO can be trusted or not. Always double check your participating ICO.
For me, I will just confide in an ICO if the group behind it has an affair running an ICO. I will inquire about from the CEO the distance down to showcasing group. Likewise, their objective ought to be practical. A multi-million objective ought to be sponsored up by a decent promoting technique and sought after items. For bounties, I generally look into on the abundance chief first at that point check the abundance allotment. Knowing how much the ICO can pay is extremely critical.
If the ICO is doing well and the community is spending money on it then the coin should get launched.
What influenced me to have confidence in the new altcoins? There might be developments that new altcoins have. They constructed a venture with an inventive and not quite the same as different altcoins. So they draw in excitement from the digital currency client to purchase or contribute there. The reason for an undertaking is essential. Look the marketcapitalization of the market and furthermore look to the volume of the altcoin for you to have a trust another altcoin. On the off chance that the volume of the new altcoin is extremely high, it implies that it is extremely loaded with potential.
For me, I will just confide in an ICO if the group behind it has an affair running an ICO. I will inquire about from the CEO the distance down to showcasing group. Likewise, their objective ought to be practical. A multi-million objective ought to be sponsored up by a decent promoting technique and sought after items. For bounties, I generally look into on the abundance chief first at that point check the abundance allotment. Knowing how much the ICO can pay is extremely critical.
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