what makes you trust a new altcoin?

[dbangel1994]

A lot of factors affect the credibility of the coin. I always look at the project, the capitalization, the team, the quality of the project, the price of course. Although not all coins are easy to get all the information. At least you can read the news and find out on which exchanges the coin is traded.

[opobo4real]

There are new altcoins day by day to the extent that you can't predict the number of altcoins been created daily.
I don't really trust altcoins 100% because I have fall victim before but now I read the whitepaper of the project and research about the team in the project, their profile, achievements etc.

[letterbox]

I always want to know the founder of the coin. If he's idealistic and if the whole concept is a noble idea than it's probably a coin that has a deeper meaning. Most altcoins are actually a bit too generic in my opinion. I suggest you take a look at my fave coin proud money. We even have a chat on Telegram app: Just search "PROUD Money" and join if you want to discuss more

[Taniya1901]

Well, first of all it is its usefulness. For what this altcoin is created and what benefits it brings. then you look at the trading volume and the future of this coin

[Pablobiz]

When it comes to a coin like LTC that isn't tied to a company, the coin exists on its own to be a currency and not a utility on a company's network, then the only way to judge it is based upon its acceptance. That is, where it's traded, who accepts it for payment, how big the user base is, etc. All are network effects.

[Pablobiz]

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

Coins tied to specific companies can be viewed a little differently from other coins. They are more like tracking stocks and will rise and fall with the success or hype of the companies that issued them. Currently things like existing products and customers don't make any difference. It's all about hype. That's what drives current price movement and volume. Once the ICO bubble bursts, then people will look at more traditional metrics like existing products and customers.

[dimonarka]

First of all, this is the availability of a reliable wallet, since there are now many scammers. The speed of transactions is also important.

[Hishad32]

we should have a look at plenty of factors, such as reading white paper, checking the group members profiles, analyzing about their road map and vision ..and so forth. If everything is fine, consider about the coin growth. but even after reading there is a danger to were given into the lure.

[lalunalaguna]

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

To be straightforward first thing I am searching for is colleagues on new projects. On the off chance that they have related involvement in this field imo they will have the capacity to deal with projects. Second thing is estimating unsafe investments on my portfolio. In the event that I like to chance I will disregard my first rule.

[akishang]

For me, I will only trust an ICO if the team behind it has an experience running an ICO. I will research from the CEO all the way down to marketing team. Also, their target should be realistic. A multi-million goal should be backed up by a good marketing strategy and in demand products. For bounties, I always research on the bounty manager first then check the bounty allocation. Knowing how much the ICO can pay is really important.

[RaiNain]

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

of course, when new coins emerge in the market there will be many devotees. there will be a lot of people who are interested then find out about the coin, it is better to wait for the coin to be in the market for 2 months so that it knows the price is stable or not.

[Gudhal Untu]

I read the whitepaper, look at the ratings (I read the reviews), well, I draw attention to the team and the product

Those two things (whitepaper and ICO rating) are the things I also use, by knowing the rating of ICO then I believe that the performance of new altcoin will improve so invest and hold for a long time is a profitable thing.

[shone08]

I read the whitepaper, look at the ratings (I read the reviews), well, I draw attention to the team and the product

Those two things (whitepaper and ICO rating) are the things I also use, by knowing the rating of ICO then I believe that the performance of new altcoin will improve so invest and hold for a long time is a profitable thing.

Well we cannot deny that reading ico white paper can give you idea if the project has an intension to run the project for long term, this also include the goal of the project this is also my one of the basis before investing to a new altcoin I also consider the profile of the team because in some ico project the team are not legit.

[Karlblaise1]

Having existing businesses on ICO is a plus plus
but outside that, you'll need to check the Linkedin profile and the experience of the Team,
The white paper and the roadmap
The Github account
And the buzzing nature of the social media channels, alongside the number of communication channels they have.

A buzzing and long term active channels of communication will leave the company engaged with the community members
Github will make you understand the nature of the project and the feasibility of achieveing set targets
Roadmap should be a reflection of what u studied in the Github etc.
An existing business depicts stability all round;

these and many more will help you be on the bubbling terrain.

[jvper]

It is important to know why the altcoin is really needed. Some projects are creating cryptotokens only for the sake of raising money. They say the only use for the coin is within their platform and they want to raise $20 million because of that when they could use bitcoin instead. Really? It cannot be right for token holders! Be careful.

[Umerndfe]

Obviously when another coin is new in the market there will be a lot of enthusiasm for it so take a gander at the diagrams when they began it went soar yet like 2 months or so it went stable in low.

[meikelcoin]

I never invest in a coin that has recently arisen. I try to observe the project for a while and how the coin is accepted by the market. If the coin becomes popular, then I also invest in it

[Sandeep24]

I think there are several factors but some most important factors are company's profile, white paper and roadmap. When vision and mission of company will be clear then there is no doubt people will follow that company automatically. These factors make me trust on new altcoin.

[iceblasto]

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

I believe in whitepaper,road map.Their projects plan.CEO and others stuff.If they are not active I think that projects is shit.

it takes several research steps before trusting the new altcoin. if there is a legitimate reason to make such a coin then I proceed further because I know that if a coin has no reason to be made it will not last for more time. the projector should really be able to solve the problem and purpose on the roadmap really. is actually seen available in the time frame provided

[hidrocop]

I last joined the gen and abyss and I lost money from both of them. I've decided not to join the ico's anymore.