Topic: What makes you trust a new cryptocurrency? - page 2. (Read 989 times)
white paper, see if makes sense. People involved.
I would look into the developers as well and if the project that they are developing is something new and not just a copy of something that already exist. It should be something that will actually solve something.
Although it is difficult to understand the technology of mining and functioning of crypto currency, it is difficult to understand the crypto currency, both by experts in this field, and by leading businessmen and government officials of most countries, including their top officials, and also by a significant part of the community. Demand for the crypto currency is constantly growing, the capitalist is growing
It's the newest trend to fund projects since in crypto they are able to reach everyone, the more potential investors ,whales or not as long as it can invest. Since many big project got successful through ICO. As long as we see that it has a vision of getting successful, with clear demonstration,whitepaper and roadmap and much betee if already have working product plus truated teams then that crypto can have a great potential in the future.
Although it is difficult to understand the technology of mining and functioning of crypto currency, it is difficult to understand the crypto currency, both by experts in this field, and by leading businessmen and government officials of most countries, including their top officials, and also by a significant part of the community. Demand for the crypto currency is constantly growing, the capitalist is growing
I would consider it if there were no pre-mine and also well known developers handling the code. I do not trust centralized
authorities {founders} and centralized decision making. I also like limited supply {low coin cap} ... I hate these pump n dump
coins. {so if it is too good to be true, it most probably is} .... If the concept is good, I would seriously consider it. {unique}
authorities {founders} and centralized decision making. I also like limited supply {low coin cap} ... I hate these pump n dump
coins. {so if it is too good to be true, it most probably is} .... If the concept is good, I would seriously consider it. {unique}
The first thing is that devs should be transparent. There should not be any premine. And whitepaper should be clear and logical. If idea is good in is not on market yet... then my attention to coin raise.
I would consider it if there were no pre-mine and also well known developers handling the code. I do not trust centralized
authorities {founders} and centralized decision making. I also like limited supply {low coin cap} ... I hate these pump n dump
coins. {so if it is too good to be true, it most probably is} .... If the concept is good, I would seriously consider it. {unique}
authorities {founders} and centralized decision making. I also like limited supply {low coin cap} ... I hate these pump n dump
coins. {so if it is too good to be true, it most probably is} .... If the concept is good, I would seriously consider it. {unique}
I wonder What makes you trust a new cryptocurrency?
Before I give my trust to a new cryptocurrency I do a research first so I can know more about that new cryptocurrency. I am reading all the feedbacks and the thoughts of all users that replied to that new crypto. And lastly I do research of all the people behind that crypto. 
I wonder What makes you trust a new cryptocurrency?
By just simply seeing that cryptocurrency in a trusted exchanges in that way I am sure that coin is trusted because every trusted exchanges accepts only the coin that have a potential and meets their qualification to be added. So That is my way of trusting new coin. And in terms of ICO I will read the whitepaper first before investing to that coin
Rich men investing a huge amount of money in BTC makes me trust a whole cryto world. I do not think they do it without any purpose at all, it is a reasonable decision and I support it as well.
I wonder What makes you trust a new cryptocurrency?
i always look at the team or the people behind the new cryptocurrency or token being introduced. I make sure that nobody is involved in any scam or questionable projects in the past. However, we have to admit it that it is virtually impossible to be 100% correct because anybody can do some shenanigans online and come up with a new name.
Aside from the team, I look at the concept and how viable it is plus the response made by the market at the early stage of the project or introductory stage. There is actually no perfect strategies to get to the bottom of the project so we also have to include hunch into the pie.
Owners (founders), advisors and team.
Few obvious things such as :
- Their innovation and long term plan
- How popular is that altcoin
- The Whitepaper even though i might don't understand.
- Whether there's ICO or not and how much premine that developer have
But, i'd rather wait few months before trust any altcoin.
- Their innovation and long term plan
- How popular is that altcoin
- The Whitepaper even though i might don't understand.
- Whether there's ICO or not and how much premine that developer have
But, i'd rather wait few months before trust any altcoin.
Actually I do not really believe it, but we can see how the crypto's net, for me to judge is to see who their campaign manager, and see if they are people who are always active or not ,, most important you must be careful ,,
I wonder What makes you trust a new cryptocurrency?
I think I don't really trust that digital currency, it is that I want to earn that digital currency because it may be profitable in the near future.
Also I don't trust any other digital currency other than bitcoin. It is the only one I am used with and I don't think I will be able to trust others.
the code.
even if i don't understand it, when it is open source and if it is popular it can not have anything shady in it.
in fact bitcoin is not only open source but also there are very good documentations out there which you can use to make everything without needing the traditional wallets. you can even create a private key with a dice physically and then write a little script yourself to sign transactions.
that's correct and i agree with your opinion when it's open source nothing can be hidden , everything are available to accessed and it's make people secure. also when the network are stable enough people won't feel to fear doing transaction and get stuck there for days. a good and well known developer also could be part as consideration i think . even if i don't understand it, when it is open source and if it is popular it can not have anything shady in it.
in fact bitcoin is not only open source but also there are very good documentations out there which you can use to make everything without needing the traditional wallets. you can even create a private key with a dice physically and then write a little script yourself to sign transactions.
First before the cryptocurrency showen in trading place that company make big show to let other knows about project if that show make a huge acceptance my be all people trying to get the new cryptocurrency and get trusting from trading point and quickly profits and leave and come back when stables.
we have to take a look at many different things while watching a new crypto currency entering the market. First of all I see who is building the coin that is whether the dev team is good enough for the particular technology used in the coin. Then i see which technology they are using for the coin.Then i see their achievements and goals they are planning achieve. I also look around their website to see if there is something fishy about it or not.
The important thing is that we have to know what they are building, why they are building and how they are building.
The important thing is that we have to know what they are building, why they are building and how they are building.
To be completely honest I'm not very keen to new cryptocurrencies, I don't give my trust easily. For me Bitcoin was proved so many times in positive way and so far this is the only cryptocurrency I trust.
One of the crucial things is always who is standing behind the cryptocurrency and what are the perspectives for the future, how the idea is developed and whether it has any solid ground.
One of the crucial things is always who is standing behind the cryptocurrency and what are the perspectives for the future, how the idea is developed and whether it has any solid ground.
Many things we can see from the new altcoin so we can give our trust.
See the build team
See and read what their fission and mission are.
See their excitement working on the project and many more things that will make us believe in a project
See the build team
See and read what their fission and mission are.
See their excitement working on the project and many more things that will make us believe in a project
I wonder What makes you trust a new cryptocurrency?
When i do decide to trust a certain new crpytocurrency i do usually go to its potential or the roadmap of such project and would really have a use not just only for shows the same on most coins in the market and popping out ICOs as of now related to their coins.Community support would be the next thing too if theres a support for a certain coin which means it is good and theres really special on it. Jump to: