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Author Topic: Spot a winner...  (Read 109 times)
cryptothief (OP)
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March 13, 2018, 09:31:48 PM
Last edit: March 21, 2018, 02:35:09 AM by cryptothief
 #1

Just a tip for anyone trying to spot the next big thing.

The first thing you should do is check the top 10 (or even the top 20 coins).

* Read through their whitepapers, learn about the projects and their vision, and see if you can work out what made them break into the top 10. Doing this groundwork will not only teach you about why these projects have managed to succeed when others are stalling and/or failing, but will in turn then lead you towards what to look for in upcoming projects.

* Do they offer something truly original (and ideally inimitable), or at the very least, do they have the skills within their team to deliver on the vision. If it is not an original idea, what are they bringing to the table that will put them one up on the competition?

* Is the target market big enough to grow into, or is it more of a niche project? If so, how do they compare to successful projects in the same field? Is the coin supply an issue, if the coin supply is large, why? Same question if it is a low supply.

Bottom line is to find a successful project, look at projects that are already successful and find out what makes them tick.

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teddyelwyn
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March 13, 2018, 09:43:38 PM
 #2

I also think a good idea is checking out the disruptors as well. The big guys succeed, but have growing pains. The one's that take the model and make it better are going to be the big guys one day.

For example, I was a fan of IOTA, but not so much their supply or the centralized nature of the tech. Heard about IoT Chain (ITC) and they are solving the problems of IOTA and even expanding more into security for IoT. Very interesting imo.
StGermain
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March 13, 2018, 09:45:14 PM
 #3

Just a tip for anyone trying to spot the next big thing.

The first thing you should do is check the top 10 (or even the top 20 coins).

Read through their whitepapers, learn about the projects and their vision, and see if you can work out what made them break into the top 10. Doing this groundwork will not only teach you about why these projects have managed to succeed when others are stalling and/or failing, but will in turn then lead you towards what to look for in upcoming projects.

Do they offer something truly original (and ideally inimitable), or at the very least, do they have the skills within their team to deliver on the vision. If it is not an original idea, what are they bringing to the table that will put them one up on the competition?

Is the target market big enough to grow into, or is it more of a niche project? If so, how do they compare to successful projects in the same field? Is the coin supply an issue, if the coin supply is large, why? Same question if it is a low supply.

Bottom line is to find a successful project, look at projects that are already successful and find out what makes them tick.

In terms of future vs present and value vs adoption no coin beats NEO. A proper management, not too centralised not to wild and plenty of functionality and safety makes a winner.

Hughesy26
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March 13, 2018, 09:51:00 PM
 #4

I also think a good idea is checking out the disruptors as well. The big guys succeed, but have growing pains. The one's that take the model and make it better are going to be the big guys one day.

For example, I was a fan of IOTA, but not so much their supply or the centralized nature of the tech. Heard about IoT Chain (ITC) and they are solving the problems of IOTA and even expanding more into security for IoT. Very interesting imo.

Good point. Have you heard of Internet Node Token? If so, any reason why you chose ITC over INT?

For what it's worth, I think a balance of big market cap and small market cap is the way to go. Remember it's not a zero sum game either; both IOTA and ITC/INT could do well - it doesn't have to be as simple as one will moon and the other will die.

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