Bitcoin Forum

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?

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.

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.

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.

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.

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.

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.

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.
 

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.

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.

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.

I agree with you, there are a lot of scammers out there, so we all need to be extra careful in where we invest our money. I just want to compare my way of looking for information with how others do it.

 
Thanks for info. Im new on this forum and still learning how things work here  :)

Nice, that's a great explanation about following your gut. That means that it's not just solely basing on what you feel towards a project but you're backing it up with research and more readings.

It's a good way to assess a project that you're doing all of those stuff unlike many today, they invest in because they're emotional and doesn't back up with any solid reference to defend why they've invested into a project.

Much even worse if they just follow the herd of that token's investors.

Going with your guts with a project that you are looking to invest in is not a very good idea in my opinion. Everyone can have different gut feelings based on circumstances or even what their heart or mind says about something, and that is now how markets should be judged as it can put you at great risk of losing your capital invested in that particular project.

So the best practice is not to follow your gut feeling but does extensive research about the project before you take your final decision of whether you want to invest in it or not, and your research must involve every possible aspect that can be an indication of a project's potential in the future.

At least for OP, he has explained that it's not just pure guts but he's also doing research and reads a lot of opinions so, it's not just really all about his guts alone.

And that comment of his is just posted above yours which basically is a good thing that he has explained because many of us thought about it that pure gut isn't good idea at all.

No matter how hard they try to hide their dark thoughts, they will still leave signs that show that they are not actually legit, all you need to find those out is some experience and a good eye to see every bit of detail and compare it with other legit projects, and if you follow them on social channels and everywhere where projects generally post news and updates, you will understand everything.

A fake project which doesn't really offer what it preaches in the whitepaper or the website where the project is described will have no significant news or updates to give out to their community and they will just try to make up things from themselves, and someone with a bit of experience can easily identify that.

I just read his reply above where he explained what he means by following his guts, so it's right that he actually doesn't mean that he just follows his guts without any research or analysis, and I think that's how everyone does it, they check a project, do their research and check everything up, and by the end, if they still are not certain about it, they may skip it even if there is nothing wrong by looking at it.

How gut feelings can sometimes save us from very big losses, even if it can cost us some great opportunities too but it is always better to be on the safer side. At the end of the day, not getting anything by not losing anything is better than not getting anything by losing something.

Sometimes you cannot notice negative information on their website or whitepaper since there are scammers want to make their introductions look professional and their information released is quite realistic on peoples first impression. So to see first about their legitimacy you seek for their identity first because if they are transparent and show the real people behind the project then there are high chance that you are in a potential project. Also seek for the feedback comes in this forum since there are insights coming from good advices given by other forum members so its good to see their review towards their coin so that it can add up our deciding factor to invest with those new project/coin or not.

where to find New Projects/New Coin is from this forum or websites like Coinmarketcap or Coingecko.

There is also a website for ICO info like ICOdrop and I can get other info from Bounty and Airdrop but mostly I participated on community Venture Capital.

and of course, before investing in any project/coin new or old you need to Do Your Own Research first

1. Roadmap
2. The Purpose
3. The Developer and the community
4. Whitepaper and Tokenomic a

and lot more

Do you also invest in ICOs of new projects? Is it really worth it? I genuinely want to know because as long as I remember, it's been a long time since I heard that a project has provided good returns to their ICO investors since most of them are either not good enough to survive in the market or they survive, they can't manage to gain any value at all.

I'm not talking about all the projects, of course, I know that there are good ones two where the team has a real vision and the project is well-planned and also promoted in a sophisticated way that gains genuine investors, but that isn't the case for most.

I saw a list like this many times. But it seems to me that such lists are not particularly useful because they only offer some generic forms, even for a beginner, something written superficially as this can only discourage him.
What will happen when you visit the website or social media? What should be paid attention to during DYOR, nice colour or logo?
I would like to see some interesting tips on how to filter all of that information in order to make the right decision.

Because certain scammers try to make their introductions appear professional and the material they give is pretty accurate on peoples' initial impressions, there are situations when you cannot spot unfavorable information on their website or whitepaper. So, in order to determine their authenticity, you should look for their identity first because there is a good probability that you will be included in a possible project if they are open about who is really behind the initiative and are clear about it. Additionally, look for feedback in this topic as there are insights from helpful suggestions made by other forum users. It is good to check their reviews of their coin as this will help us decide whether to invest in those new projects or coins or not.

Yes i will add some more information which will be useful for researching any new project. you have already told about project social media accounts that how much followers have and how many are active there. sometimes project twitter account has fake like and Comment. you can see the comments subject. second you have to check wheather project twitter account is followed by any big exchange or any big other project which has any partnership with researching project.

Most project team are fake and photos are taken from stock photos. for checking this one should use google to check this. White paper checking is also helpful. you have to check wheather they have real project having their own idea and service or they just copy paste from other big projects. for this purpose you can use pilgrism tool to investigate white paper uniqueness.

When investing, it's always important to do some research. I see there are a lot of scammers out there, and sometimes it's hard to say whether a project is legit; only time will tell.

I'm glad so many people have this awareness of scammers. And that you have to be careful about what you invest in.

You can easily get idea about any new project from their website link. After entering their website, various information related to the project is nicely provided on the website.  Various information related to the project such as various information about the project's ICO, various information regarding the project's investment, various information regarding the project's team, various information about the project's road map, when the project will be listed on any exchange, you will get various information on the website of those projects.

Yes, you can learn a lot from the project website. But it's good to find different sources of information when you want to invest in something. Also, it is good to know what people are talking about it through, e.g., social media.

Those are great steps to take when considering an investment opportunity! Here are a few additional things you may want to consider:

Look at the team behind the project - Who are the founders and developers? Do they have a good track record in the industry? Do they have experience in successfully launching and maintaining similar projects?

Analyze the market and competition - What is the market demand for the product or service the project is offering? Are there already established competitors? What sets this project apart from its competitors?

Examine the tokenomics - How is the project's token designed? What is the total supply and circulating supply? What is the token's use case? How is it integrated into the project's ecosystem?

Check for community support - Is there an active and engaged community supporting the project? What are their thoughts and opinions on the project's development and progress?

By considering these additional factors, you can gain a deeper understanding of the project's potential and make a more informed decision on whether to invest or not.

In addition to your details, I will do the competitor analysis(Financial Evaluation) for the project. Also, check the tokenomics of the project.

I tend to agree but make sure the group is genuine.
I've done this before, I joined a bounty campaign such as social media and I followed the progress of the project but I saw in their social media don't have genuine members, there was no clear engagement and it should have been discussion engagement on their social media profiles.   Ask yourself, "are there active discussions and responses from the community, or is it just a one-way conversation?", and lastly, check if their followers and engagement are genuine or if they have purchased fake followers or engagement, same as Twitter or more worse Telegram.

So you must be careful also what you're following on social media.

Well, that has become a way for projects to show the newcomers to their project that they are actually active and got investors and users on their social platforms. For Twitter, they buy followers which is a straightforward way of showing that a project has got a community, but when it comes to Telegram, they have a different approach for that.

I know since I've seen and experienced it, some projects hire chatters that will stay active in the Telegram group and chat with each other just to show the investors or customers that the project is active.

New projects give very good profit but very difficult to justify. But to get basic information about any new project or currency visit their official websites and observe their activities.Bitcointalk is the best platform to know about the new project.it's a good thing to make DYOR. New coins only create a lot of hype in the beginning and then most of them go down badly.It is very important to justify who is associated with any project teams.  Monitor how active their social media activities are and the teams experience.

The steps you follow to invest in new projects are really amazing. I think this method is very reliable as you judge the project objectively by searching for information.  If you want to invest in a new project, you must analyze the website, whitepaper, various social media of the project, and the roadmap. Check everything thoroughly before you invest. In between, there are some good projects that make promises, then break those promises, and eventually become project scams. So you know about good projects and later analyze and evaluate everything and then invest.

Bitcointalk is not the best place to find out if a project is good or bad since everyone is allowed to post or announce their project here without any restrictions or anything, it is just that if users of the forum provide their views on the project which one can use to evaluate the authenticity of the project whether it is good or not.

Following a project closely will surely provide one with an idea about how it is and how it will be in the future since their behaviour can show their professionalism which is the most important thing for a project to succeed.

I think there are many factors to consider, information, knowledge and research, if you want to invest in new and good crypto projects for the future, I think what you said about these three points regarding new projects, of course there is some truth.

But more importantly, before you invest in a new project, there are six other elements you should add.
Example:
 .The following 6 ways cover both methods, giving you the option to pick which approach suits you best. (https://ren-heinrich.medium.com/6-ways-how-to-find-new-crypto-projects-d0dd093180c7)

That's six other additions, in case you want to add information about a new project, before making an investment.

First, I will do a fundamental analysis of their project. Then do an onchain analysis and sentimental analysis. So you will get more idea about that after doing those three analyses.

To check if followers of a project are organic on a social media is a good measure to avoid scams. This way you can relatively trace the profile of the investors of that project: they can be dived into the technical aspect of cryptocurrency, they can be wealthy investors, average crypto investors, just bounty hunters or even bots, that is the worst of the cases, meaning that project must be put aside at all costs.

On the other hand, to have a loyal base of followers isn't always a positive sign, because it turns into a cult where reason and logic are neglected in order to raise the idolatry for the project or the person behind it. Projects like this must be also avoided. An example is the Celsius, plus CEL token fiasco.

community power is main thing while researching any coin. Pepe and Floki both tokens have no information about CEO, both are just meme coin, no future use but community demand make it possible for both coins to be listed in big exchanges(Binance, Kucoin, bybit and all other major exchange) and people made Profit from 2x to 100x.

The point is nowadays we should look for opportunity rather than just look for team, roadmap and tokenomics etc. we have no relationship with any coin. we want just to increase our portfolio. DOT, Solona,matic are big projects having big usecase, roadmap and team but ratio if price growth is very low and people want volatile coins so we should also research public demand and then invest wisely.

Before those six methods, one should first confirm if the project is legit, good enough for investing, or just a waste of time and money, and they can't really evaluate that using these methods. One should use their official website and other channels to research the project and read everything they can related to it and what it has got to offer.

A lot of projects that are useless basically and don't have any strong fundamentals make it to airdrop and ICO websites and even get added to websites like CoinMarketCap and Coingecko, etc. A lot of meme coins manage to do that but they are not really good projects at all.

You shouldn't blamed those sites for listing those project you're seeing on their platforms. You have to understand that those are just sites meant for tracking of cryptocurrency and not investment guidelines sites. Anybody investing in a project just because they're listed on those sites are making a very big mistake. Coinmarketcap was built to track cryptocurrencies as you can see from their website introduction. Memecoins, shitcoins or any token built on the blockchain is a cryptocurency and they're right for listing them, these sites make getting information about this project easier for investors to do their research on them. I'll recommend using coingecko over coinmarketcap since coinmarketcap has been bought by Binance exchange and anything they touch gets too centralized.

Also just because projects are listed on ICO tracking sites doesn't make them good projects for investment or are we forgetting to that those sites run a business as such they can accept anything provided those project can pay their fees. Nevertheless they're not wrong for listing those project but where they're making a mistake is the rating they give to the project since investors depend on their rating system to make investments into the projects. Irrespective of that, as a serious investor, you shouldn't be depending on anybody or any sites to make your investments. You should learn to do your personal research then invest so you have no one to blame when it fails.

Everyone uses these three factors you provide to define a new project. But I think these three factors are never enough to select a project. How active is the team there? How are they going forward with their projects? All these factors must be considered. All scammed schemes are designed in such a way that we can never declare them as scams at the initial stage by surveying these three factors. Scammers will create such a beautiful road map and their social media will be very high level which we will not catch very easily. Analyzing new projects is too risky for me. There are still many people who take risks and achieve great success for some time by taking risks. We all know investing is a risky business. If you don't take risks in life, you will never succeed in investing.

You can add a 4th point: explore descriptions and perspectives on launchpads of exchanges that launch IEOs of new coins/tokens.

The website of any project provides various detailed information about that project but it is difficult to find out from that detailed information which information is correct and which information is completely fake. It is natural that the website of any new project will have positive information about the project because no project team wants to spoil the reputation of their project, they always want investors to invest in their project and they will provide all the information that is needed to attract investors. The authenticity of the information should be verified. If the authenticity matches with all the information on the website, we can express interest for investment in those projects.

As far as I know you can find launchpads in well-known exchanges like Binance, I'm just not sure now if it has a date schedule for this, even in other exchanges there is also a launchpad.

        Then it seems to be better to invest in the new token in the launchpads in the exchange because there is an exchange platform immediately when you do a Buy and Sell activity than in icos that we don't know when it will be listed on the exchange platform.

When searching for information about new projects or coins, it's important to rely on reliable and reputable sources. Start by exploring reputable cryptocurrency news websites and publications that provide insights into the latest developments and trends in the industry. Additionally, following influential figures and experts in the crypto space on social media platforms can provide valuable insights and analysis. Community forums and discussion platforms dedicated to cryptocurrencies can also offer a wealth of information, but it's essential to verify the credibility of the sources and exercise caution when making investment decisions. Ultimately, a combination of well-established news sources, expert opinions, and thorough research will help in gathering accurate and up-to-date information about new projects or coins.

Right now it is difficult for small members like us to understand which project is real and which project is fake. Because fake projects are also very well designed to attract the attention of investors. There are various scammers who run projects to defraud and lose some money after investing in their website because they use fake information to arrange the project which makes them very difficult to catch later. Ensure that their identity and information shared is correct. And members of the project team whose photos will be shared via live video must confirm whether they match the photos on the website and what their plans are for the project. After confirming these things, you should decide to invest in a new project.

To many new tokens created everyday and most of them are created by scam devs. So to avoid losing any amount of it maybe much better if we don't hold those tokens since they are good when new so make sure you already pull out your investments before anyone do this first.

Also shared public information is not enough proof of legitimacy since there are scammers who's not afraid to show their real faces and still scam those people invest on their project.

The bitcoin when it was born was distributed for free then with time it gained value, there were no other projects, then as theBitcoin has grown in value, many other projects have begun, many of the projects were born to scam investors, for me all new projects should be distributed for free.

Several years ago I joined one of the first successful airdrops for free, the project was Decred, coins were sent to 3.000 holders and it became a profitable coin. Most projects that came later, unfortunately, preferred the ICO formula: a much faster way to make fast money than giving away your coins/tokens and hodling for months or years until they gain some value, but that showed to be prone to abuses by Devs and team members.

Dear brother you told good, For a new project we have to follow your mansion. If we follow thats we will know about that’s project. But ther has also more things like partnership, marketing etc. If you follow then we will able to know about a project.

Currently trying to manage scam projects more than real projects. A web developer can easily design a project website. Since a web designer does not need much trouble to create a beautiful website, the number of scam projects has increased nowadays. As the project team members share fake photos on the website, most of their information is wrong, as a result of which there are many investors who invest in such projects. When people invest some amount in a scam project then the scam project is closed and those who invested in the project lose their money completely with no chance of getting that money back.

After ICOs were introduced, scam cryptocurrency projects started coming out more often because people saw that projects running ICOs are gaining a lot of investments for doing nothing other than some promotions and stuff, so many scammer groups started creating their scam projects only to lure investors and loot the money that they invest in the ICOs with the hope that they might get good returns when the token is launched in the markets.

And that trend is still going on, there are a lot of scammers creating fake websites and fake projects these days only to get investors and run away with their money, people need to stop investing in tokens that are not launched by trusted sources like Launchpads of trusted exchanges, etc.