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Author Topic: what makes you trust a new altcoin?  (Read 11081 times)
tumokatok
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July 25, 2018, 07:49:44 AM
 #841

I checked the project and see if it was possible and reasonable. then I checked their leniency and asked some questions. I also check their web pages, see who's on the team, maybe it's some of the strategies I use to believe in the new altcoin
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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July 25, 2018, 07:59:00 AM
 #842

In theory, the early purchase of the new altcoin can be quickly profitable, but the risk is also relatively large, and some of the altcoins on the exchange began to decline. In fact, the risk is great.

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Bianxee
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July 25, 2018, 08:05:15 AM
 #843

I checked the project and see if it was possible and reasonable. then I checked their leniency and asked some questions. I also check their web pages, see who's on the team, maybe it's some of the strategies I use to believe in the new altcoin
Asking some questions directly to the team member is much better after reviewing the information in their whitepaper and other sheets. Its all in checking the important things that we should give importance for our own criticism of identifying a scam or not. Mostly, asking another infor or seeking from other legitimate people reviews.

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Meycell
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July 25, 2018, 08:07:12 AM
 #844

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

What kind of coin? one that wants to be a currency? one that wants to be a means of payment inside a platform? one that means to be a profit sharing fund? Alt coins nowadays are so different as BTC and ETH . and people still talk about one being a competitor of the other when we are talking about different things. so in alts, the features one might feel important  depend on the purpose of the coin.
which led me to believe in ALTcoin's presence is from Altcoin which shows an ever-increasing increase in its development. this makes me believe with the presence of his new Altcoin is very capable of producing many benefits in the future even able to become a major advantage.
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July 25, 2018, 08:13:19 AM
 #845

Fistly, the aim of the project, innovation, team, whitepaper, road map, reality etc. More than +1000 crytos it is very difficult to choose the correct one.
zoird
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July 25, 2018, 08:17:53 AM
 #846

I pay more attention to the hype around the ICO, not the information from the project site. After all, thanks to the hype we have a great chance to make a profit.

Kira_lapa
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July 25, 2018, 08:18:00 AM
 #847

There are enough signs by which one can judge the perspective of a coin. Such knowledge can be obtained by training with specialists in this field. The training of these people is not cheap, but such training is simply necessary for profitable work in the crypto-currency market.
sergio red
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July 25, 2018, 08:30:33 AM
 #848

It's really a difficult task for finding a good project and putting trust on a new altcoin system. I think whitepaper and expertise of the team would be a vital factor for looking a good new one. along with this criteria, we should focus on the roadmap of every altcoin project. but in the end, you need to depend on your luck to get benefit from a new altcoin project.
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July 25, 2018, 09:25:00 AM
 #849

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

usually I studied the new altcoin, I read all the information about the coin and of course analyze it. will he experience an increase and decline and can survive in this volatile market. usually I monitor altcoin for 2 months in the market, if it can survive the price usually I will choose it.
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July 25, 2018, 09:32:06 AM
 #850

Looking for the open source code for this project, I pay more attention to whether this project is good enough,So most of the time I'll look at the open source code for this project and analyze the project's prospects.

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sarfwr
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July 25, 2018, 09:34:25 AM
 #851

Its use cases, business models, and the strength of the team
I will have to look at their website, white paper and team Grin

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RandyGamage
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July 25, 2018, 09:54:08 AM
 #852

Quality of the project. what problem the project can solve ? who is going to to achieve project's goals. I mean the team. size of the community and behavior of them. I think all counts.
minldem
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July 25, 2018, 09:56:28 AM
 #853

I look at their whitepaper and roadmap first, then I check their plan to get the investment. Investors profile also important for me to trust that coin.
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July 25, 2018, 10:27:12 AM
 #854

altcoin is now very much, some have good potential there that end like garbage, we can see at the time of sale (ico) if reach hardcaps, possibility have good potency.
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July 25, 2018, 03:15:32 PM
 #855

There are a lot of things. I check the team if they are not anonymous (their background and experience, linkedin pages, etc). Community is a heart of every coin, I check it too...
huiji2011
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July 25, 2018, 03:37:59 PM
 #856

I am a cautious person so that i rarely believe in new altcoin.But if the new altcoin have strong community、famous team etc.Generally,i would try to trust it.

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Pancho95
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July 25, 2018, 03:40:55 PM
 #857

Well if you can use altcoin in real life it is a guarantee that it will be stable and probably go up. I have made some investments in coins that are low price now but i think they will rise in the future.
elrugrim
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July 25, 2018, 03:46:32 PM
 #858

I look at project generaly, site, team, technology, etc. But really good sign for me, if project was rated by ICORating.
This way I invested in Multiversum, you can see their rating review here: https://icorating.com/analytics/indepth/multiversum-rating-review/
Mihaylovic
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July 25, 2018, 06:00:38 PM
 #859

well. there are so many factors of course. but mainly team, advisors and partnerships attract me. because many investors decide to invest according to the people behind the project. if they have some known popular people behind the projects, it is a very positive sign.
margaret22
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July 25, 2018, 09:20:05 PM
 #860

We can not fully trust, but there are things, we can consider before investing, like the experience of the team, the quality of the whitepaper.

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