Topic: what makes you trust a new altcoin? - page 28. (Read 11164 times)
At first I follow the coin and try to gather more knowledge about it. Then I try to realize the craze and interest of people for it. Also follow their program. Then I go for it.
I trust in technologies and blockchain the alt can be using, also I need to understand the potential customers and market of the alt so I could predict its capitalization in the future.
I personally look at the idea first, if it is interesting. Then I will check its reports and progress.
I trust new altcoins by observing it's potentiality of growing.
I always check the progress from the first year.
before I trust a new coin/token, I will see how the progresses of the project first, if it has good progress on its roadmap implementation, I would be interested to this coin/token
Cryptocurrency is something you don't just learn in a day. There are too many things to observe and understand before really getting to invest. New altcoin may or may not survive therefore the trust you put into it should be limited but one must always live a room for improvements as well.
usually in the new there is always interest, but the main thing is to explore all sides of the new coin consider the strengths and weaknesses of the coin in which you want to invest.
One of the most important thing is a strong and experienced team with good and unique project. Without it potentional of new altcoin is very low, because there are huge amount of altcoins in the market with teams, which haven`t got any experience and knowledge in cryptocurrency sphere.
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
First of all I'm looking for innovative ideas, experienced team members and ambitious goals in roadmap. And before investing I always analyze charts to find out how sustainable an altcoin is.
The long term vision of the project is what especially makes me trust a new Altcoin in the crypto-market. Recently, i participated shortly in one promising bounty here on Bitcointalk. The vision of the project travelled way back into the future, like say 5 years from now.. and so it was no surprise to see that the coin being purchased entirely with 30 minutes of the start of it initial coin offering. With this in mind, there is no way i shall loss trust in the coin even its is been dumped to the lowest price.. because, i believe no matter how long it takes, the coin well shine bright in the crypto market soon before i know it.. hence i shall keep holding onto my trust in the coin to make some good money
Off course when a new coin is very new in the market there will be plenty of interest in it so look at the charts when they started it went sky rocket. I've been following scidex for awhile now- they are creating a platform for science sharing. It's seem rocket to the moon!!! 
The project can have a good team. Strong partners. Good business idea. But the project may not "shoot." It happens. Therefore, you need to invest not only carefully but super very carefully
For now i understand what only new idea with the own blockchain can have success.
Every forked projects i dont belive more
Every forked projects i dont belive more
Besides tema member and hype, I also ALWAYS read WP of companies I invest in and even in bounties I carefully read wp, because there should be a page regarding bounty allocation and possible locks. So in order to prevent misunderstanding I have to read it!
I carefully read the white paper, analyze the idea, the team and their activities (do they move according to the road map?), Their partners. If the project is working (ie has its own programs or already provides services), then this is also an indicator of their prospects.
Indeed analyzing in detail is also good, but hasn't been able to determine prospects of the project in future will be able to compete in future. something unique doesn't also ensure that prospects for future project will be successful, because most of users / holders have different views with a particular project and it's natural
Actually there's a lot of things you need to considerate before investing in a new altcoin. The most important thing you need to know is the development team, the life of the altcoin relies on them, read all the general information they have.
Sucessful product and team behind projects-these factors make me confident in altcoin. There is plenty of shitcoins around and it is essential to select proper alt to invest. All newbies suffer from agressive marketing and buy shitcoins
Before I put resources into alt coin, I do some examination. To begin with, I will search for their motivation. I need to know their objective or by what method will they contribute or understand a few issues we are currently looking in our general public. Second, I will take a gander at their site to see the rundown of their task. Last, I will take a gander at their group, check their validity if their profile connected to the token site is valid. The majority of this will be the way I will think about putting resources into alts.
I carefully read the white paper, analyze the idea, the team and their activities (do they move according to the road map?), Their partners. If the project is working (ie has its own programs or already provides services), then this is also an indicator of their prospects.
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