question. what is cmc?
true , i have allocated 1000 for usd
I am actually the average person whose money is lost in general and other ppl are getting rich
just want a bit for myself as well
CMC = Coinmarketcap. I check out the new coins always that get listed. Coingecko too.
But currently I often check out 30 projects and I am not even interested in 1.
I started just like you when Bitcoin was already somewhat high and I made all my Bitcoin
by buying Altcoins early and selling high for Bitcoin so I can understand your situation.
I do think tho its very hard now, you should just keep checking out new projects and
check if they have a good team and a good leader. Like if their team page says their
ceo is a "serial enterpreneur" I usually just lose interest completely. Because it just means
he starts a lot of projects then abandons them
Also make sure to verify the team members, like have they posted on their social media
about the project? Just to make sure they are real. How excited are they? How active
is the github or other sources?
Team is most important factor to me. A great team will even turn a stupid idea into
something good while a bad team will just crash even the greatest idea into a wall.
And then of course check here on bitcointalk and other places for how much interest
there is.
And then its just about math. A project already at $50m or $200m because venture capital
got in before you is not that likely to go x50 as is a quality $5m project. But you may still
get a good return..
Another good tactic that worked for me is just check on the exchanges you are on
which projects are still cheap and have something good to offer. I would say the cheap
projects on Binance are relatively safe to buy for example.
Then come back and post your research here in the forums
