Topic: Where do you look for information about new project/coin? - page 3. (Read 546 times)

In general, your method is effective OP. To be honest, you have mentioned the most essential factors and it is really important to look for detailed information carefully about any new project/coin before taking a risk and investing. Unfortunately, the rate of scam projects is extremely large nowadays  almost 90% of them are actually suspicious. Well, I rarely give attention to them, in my opinion it is just a waste of time and more like looking for a needle in a haystack.

This topic is more suitable on altcoin discussion or beginners & help section. This is not related to marketplace section.

What gut?

These is common sense because all project has website to showcase their idea and feature. The title seems misleading because I thought you are asking a website to discover newly established project.

Also, You should use the internet database to cross reference what the project content since some project is just recycling other project idea and limiting your research on the project material alone will just make you prone of being mislead of information.

Those who plan to cheat do these things very precisely. To gain investors' trust they design their website and road map in such a way that no investor thinks that the project is fake.  Investors invest in their projects after gaining the trust of the investors. And when the amount of investment increases, it is seen that the fraudster takes down the website and disappears with the investment money. As a result investors who invest in those projects do not get their invested money back. So before investing I don't think only these three things can be sure about the content of the project and the project team. Since it is a matter of gaining credibility, one should check all the content before investing in any new project.

I want to say that I like all the points you have made above.
 
Here, I'll make a list with all your suggestions. (I used to this opinion made by: rahulzx, Ryker1)

1. DYOR

 as Obari said:

2. Check out website of project.
Included in reading white pepper - to comprehend the technical specifications, goals, and possible applications of a project.
See roadmap. Do it to obtain fundamental information about a project or coin, where you can find details about their objectives, characteristics, team, and plans.
Look for information about the project's partnerships, real-world applications, and adoption rates.

3. Check out the project's social media.
 Platforms like Reddit, Twitter, Telegram, Discord, and Bitcointalk can help you get public opinion and feedback regarding some projects.
Regularly check reliable news websites like CoinDesk, Cointelegraph, and Bitcoin Magazine to remain up to date with the latest updates and news related to the project.
 

And I would like to refer to this part "I always following my gut".

Two of you have disagreed on that with me, writing that:

or

What I wanted to say, was that, in my opinion, at the end of the process, whether it is good to invest in something or not, it should be your own decision. So for me, following my gut means that I will do research and read different opinions, but at the end, my own opinion is what matters.
And if a project has great statistics and appears to be a gem, but I have a feeling inside that something isn't right (even if I can't say what it is), I won't invest in it.
 

Yeah, like it's a good thing to make DYOR at all times but saying that you also follow your gut is a good strategy.

But our guts can also be wrong. I know that feeling that sometimes we tend to feel something good or bad within a project but that won't be enough IMHO to have a verdict whether you should invest or not.

Most new coins are just being done based on their promotional tools and drives but then, the majority of them are ending badly.

Actually --this is a lack of information, you have just given only 3 factors to consider but in fact --there are too many of them.
Here are a few of my addition, ^[1] not just only checking them quickly, but you must follow first their progress and also --^[2] adoption and use case of the project,  this means that through this adoption and use case it will determine its future success. ^[3]Look for information about the project's partnerships, real-world applications, and adoption rates.
Because you cannot decide which good project to choose from the start.

I just want to highlight something here on the topic you made. Although I'm not saying anything is wrong, I just want to add something. And this is about the "DYOR" you mentioned.

     We often read that here on the forum platform, but the question is, do the majority of the community here know how to do it?
Many people read and understand this but in reality do not know how to do it and what they will base it on to choose the right crypto investment.

Wouldn't say this is the "perfect" way to look for information and judge if a project is going to do well or not. Your approach has lots of flaws. Following your gut is not really a reliable method when it comes to investing. You want to base your decisions on solid research, not just some random gut feelings that changes overtime. Websites, roadmap and whitepapers might look great, but sometimes they're just a front for something sketchy. And always remember, those are just some "words" that anyone can write. Never rely on those to determine the future of the project. Sure, read them, but don't forget to dig deeper. Some projects might overpromise  and underdeliver (things that might sound too good, but when it comes to reality, almost impossible to deliver). And lets not talk about the social media. You never know if those followers are real or just bots. So it's not the best way to judge a project's popularity. Instead, I'd suggest checking out this forum for announcement threads where people discuss these projects. Look for genuine opinions, keep an eye on trusted news sources for updates and red flags. Also, evaluate the team behind the project. If they aren't transparent about everything, abandon as soon as you can.

Your list are already sufficient and in all you have mentioned, I would love to place more emphasis on doing your own research(DYOR) because no matter how hyped a project might seem to be, it is always advisable that you do your own personal research about the project because nobody will be held responsible for what so ever Decisions you make because there is no guaranty in gambling as every player is held responsible for their actions no matter who introduced them to gambling.
You should also check out how much supply that projects has and always be very conscious of the price movement so as not to fall victim of loss from scam projects.

I would like to add some more details under your method , member who have rather than these idea please quote and explain
you can visit their official website to obtain fundamental information about a project or coin, where you can find details about their objectives, charactristics, team, and plans

you can go through its whitepaper to comprehend the technical specifications, goals, and possible applications of a project

Browsing through community forums and social media platforms like Reddit, Twitter, Telegram, Discord, and Bitcointalk can help you to get public opinion and feedback regarding the some projects. You can also actively participate in discussions with community members to gain a better understanding of their viewpoints. If any misunderstand raised mate you can contact project moderators through that platforms. Most users recommended to regularly check reliable news websites like CoinDesk, Cointelegraph, and Bitcoin Magazine to remain up to date with the latest updates and news related to the project.
It's crucial to perform your own due diligence when researching the project. This involves examining the project's team and partnerships, as well as analyzing its technical aspects and competition in the market.

Here is how Im doing it: 

1. DYOR - always following my gut.

2. Check out website of project. Included in reading white pepper, see roadmap. 

3. Check out the project's social media.


Following these three steps, I can determine whether it is worthwhile to invest in something. 

How about you, would you add something to my list?