what makes you trust a new altcoin? - page 64.

wanderloy

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Quote from: CrypTrends on October 09, 2017, 05:16:59 AM

i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?

I put my trust more on new Altcoins that were being listed on coinmarketcap.com because they proved their worth of more investments.
When an Altcoin had a daily average trading value of more than $50,000 then it's good call to be listed on the coinmarketcap.com - the more trusted crypto market listings.
I rather trust new Altcoins in coinmarketcap.com than in ICOs because they're not yet matured in the incubator on their early stage.

Denlv

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dApps Development Automation Platform

I trust in new atcoin only then if i do hard self investigation about new projects becose u all know how many is now scams around in crypto world.First i scan names,surnames and check out with social meadium like facebook,then i check base office adress with google maps adress and take look in goodle what is in that place,then advisors,whitepaper,roadmap,idea and what projects is about or have future on market!Good luck all!

A L I E N

legendary

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Quote from: CrypTrends on October 09, 2017, 05:16:59 AM

i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?

It is really hard to believe in anything in the cryptocurrency world. But I think that the names of fine developers are the guaranty of successful project. So I suppose it has sense to pay attention on the authors

DemLom

newbie

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When I look for a new coin I am looking at a team, if it suits me, I work in an advertising company if it is not over, or I invest if I really believe in a company

SeikoGroup

newbie

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Bookmarked this thread, important for altcoin dev

HectorFabian

newbie

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Quote from: CrypTrends on October 09, 2017, 05:16:59 AM

i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?

1-their dev team

2-whitepaper

2- their history

axiline

full member

Activity: 462

Merit: 114

Before you trust a new altcoin, it takes several steps. At first, I believe that this is important for creating a new coin and what they can bring to the market. Then I'm looking for the CEO and project developers to find out if they have experience supporting their plans. And then I carefully read the document to determine the potential for the coin.

Naman1111

full member

Activity: 294

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So altcoin are riskiest asset class. There is no 100% guarantee bcz cryptocurrency can come into recession anytime.
Few must look things to invest in altcoins are:

Strong team: The core developers, the advisors > how renowned they are in the community
How strong the community is. Activities on telegram, twitter, slack and Website
Github repository
How practical the roadmap and Whitepaper is?

Also, do the research from multiple ICO benchmarkers. They can be pretty handy but do your own research as well.

hynext

full member

Activity: 350

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Reading their whitepaper and roadmap if the new altcoin is very promising project. The you can research who's behind to that project. If you are satisfied lastly you do is to invest now.

Heyyyrenz

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There are things I/we need to consider first in order for us to trust a new altcoin but first want to let you know that even though you've met this requirements there's no guarantee that the new altcoin is trustworthy because some of the altcoins that is trustworthy becomes scam at the end so the things is that you really need to face a high risk whenever you're going to invest in altcoin, so keep that in mind. So here are the things I/we consider for us to trust a new altcoin.

1. Background of the team (If the team didn't give info about themselves then it's a little bit shady, but it doesn't mean that it is a scam... but there's a high chance that it is a scam)
2. Professionalism of their works such as, their official website, ann thread, social media accounts, etc.
3. Read their whitepaper and look if it's gonna happen or is it a good concept or just a promising words.
4. Check the roadmap if and other technical details
5. Do your own research.
6. Find an active and thriving community.
7. Look for special proof and validation.
8. Trust your guts.

So here are the things I consider before I trust the altcoin but it doesn't mean that it's 100% legit and trustworthy. Check this links to avoid ICO scams and how to avoid it.
https://www.entrepreneur.com/article/306563
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

SergiOLa

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It should be a realistic project - that it can really be used in some other ways other than trading in exchanges. as much as possible, I like a new concept but if it's just same nature with an existing project, I should then consider how the team works. They should follow on time what is stated in their roadmap. DIMCoIN is one of my example of a successful ICo that I can trust till the end.

mirgo1791

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as notice with the message on moderation with the access to the whitepaper as lists of previleged investors, the use to distinguished chance on entrance as might to collects with the details of supports of information as might to put of sums with the unit of attachment to returns with following entrance as appealing excess on terms as attaining field of works with the manage of plan.

mobilazy

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First is a team. They should have a good experience and real linkedin profile. I don't trust developers hidden by privacy nicknames. Coins need to be secure by itself, even if developers are exposed. No back doors, secure for everyone. And the product, of course, at least MVP. It needs to be unique or real improvement over something.

Dagfin

newbie

Activity: 97

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The team, for sure! Also if the technical side of the project is explained well.

Tilbrook007

jr. member

Activity: 294

Merit: 3

A new altcoin is very hard to trust. If it is FREE ICO like www.fluidledger.com you can trust it.
There are many bad people out there trying to rip off people!
This is my opinion!

Bosmuda

member

Activity: 420

Merit: 10

actually quite hard to believe in the new altcoin. better to invest it and choose another altcoin to invest that already clearer results. the new coin is from the feared could not overtake another coin and instead will be more down than the price initially.

Xxmodded

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Quote from: CrypTrends on October 09, 2017, 05:16:59 AM

i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?

there are some lessons you should know for the experience. the issue of trust is on your judgment, and essentially you have investigated, analyzed and read all that the altcoin has. so it's all about making judgments and decisions.

barbara44

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Quote from: shawonngp on November 15, 2017, 10:38:15 AM

At first Technically check of any coin with youtube , google or social media . Know the original developer, they have much support since the announcement and think about the coin . But the acceptability of Bitcoin is more than any coin to me . I think Bitcoin is the most profitable currency at the moment .

As much as social media is good, I always take LinkedIn seriously because I believe at this day and age, I believe that every professional should know that building a professional LinkedIn page with some good endorsements from people within the same field would help. If I do not really see that, I would rather wait for the coin to get listed and buy at a very low value than trying to gamble it.

I recently bumped into a project and saw some team with a newly built profile on LinkedIn and I really thought in my mind who they were trying to deceive, so one must really take all these things into consideration as much as the project idea.

batang_bitcoin

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Quote from: zanezane on January 01, 2018, 07:26:30 AM

Quote from: batang_bitcoin on January 01, 2018, 04:37:33 AM

Quote from: shwetaji on January 01, 2018, 04:32:14 AM

In beginning ,we make trust a new altcoin by its concepts reading and its fundamental.

That's only in the start but there are projects that are working good at the beginning but during their mid phase of run they are starting to act weird. There are promises that's indicated on their road map that aren't followed and that makes them not worthy to be trusted. I'm not generalizing but there are altcoins that are acting this way so for me, I'm into it's concept and as well as it's transparency together with their team.

So true because there are some that are just good when it started but in the end they'll just leave you hang in the air. Having a solid team is a must for me because they're the one who really act first and being a front liner in this business is something to look for.

Those projects doesn't have strong foundation and probably they came from another project that they recently abandoned. This is what's on my mind that after some success ICO and the crowd sale reached their soft cap, they are now planning to do the same thing with other name of coins and new road map. There are existing services now on the services board of this forum about altcoin creation so you must be vigilant if you want to invest.

cryptopussies

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If the altcoin has good product,team developers,roadmap,investors, these are my qualifications..

Topic: what makes you trust a new altcoin? - page 64. (Read 11111 times)