How to know if the project has a big future.

[HardCore12V]

I was a holder of the vulcan forge/pyr token I buy it for 2$ and I already sold it for only 2x profit and as what I have seen today it is mooning and listed to binance and it has now a very big potential to go even further from it's price today. I see gaming project is rising and has a very big demand for this present days my question is should I buy pyr today or is it more risky to buy it now?.

Just like the CEO of binance said in his tweets some moments ago "if you can't hold, you won't be rich"
But if we already make 100% profits, we are too weak to not sell it because we see other coins crash. I'm also the holder of PYR back then and sold at $5.
I'm not expecting this coin will do binance really soon, and i'm sure every coins that already listed on binance have a great roadmap and future plan.
So i think it's worth it to buy right now but don't expecting 10x - 20x growth like it's before binance.

Holding is for those who are financially stable or have other means of surviving, I'm from a very harsh country where surviving is the top priority so taking profits instantly is what have kept me alive, I've tried to hold many times before but 99% of the projects end up in the casket

[1715661368]

1715661368

[rodskee]

I was a holder of the vulcan forge/pyr token I buy it for 2$ and I already sold it for only 2x profit and as what I have seen today it is mooning and listed to binance and it has now a very big potential to go even further from it's price today. I see gaming project is rising and has a very big demand for this present days my question is should I buy pyr today or is it more risky to buy it now?.

Just like the CEO of binance said in his tweets some moments ago "if you can't hold, you won't be rich"
But if we already make 100% profits, we are too weak to not sell it because we see other coins crash. I'm also the holder of PYR back then and sold at $5.
I'm not expecting this coin will do binance really soon, and i'm sure every coins that already listed on binance have a great roadmap and future plan.
So i think it's worth it to buy right now but don't expecting 10x - 20x growth like it's before binance.

Holding is for those who are financially stable or have other means of surviving, I'm from a very harsh country where surviving is the top priority so taking profits instantly is what have kept me alive, I've tried to hold many times before but 99% of the projects end up in the casket

Then never Hold Shitty project instead if you really wanted to Keep coins in your Holding then buy or invest only in Legit one in which the ranking coins.
In a lifestyle you have there is no place for risk instead all you have to find is assurance even if this is a very small profit but at least worth to buy and sell.
and i salute you for your attitude in accepting the fact of taking profit in small little way.

[livingfree]

That's exactly right. That identifying the team involved in a project is also not enough to know if the project is a scam or not. The Bitcointalk forum is also very helpful with the ANN space. Is there anything else that is far more important in your opinion so that we can avoid fraudulent projects?

But that's a good start if you're wanting to know more about the project.

Knowing the team is your initiation of determining if they're good enough. Well as for the other factors, checking out every single social media and channel platform that they have to see the others feedback.

Identifying the team members is pretty good start , you can cut out most scam projects just by depending on this small step. Rest is the activity on the social platforms of the project, like telegram and discord(if any). If there is not that much activity on the telegram group even with lots of participants then it can cause suspicion that the project may be inflating the socials by adding fake users on the group.

Yes.

Activity into those channels that they own is very much important. If there's not that much active people talking about the project then that doesn't make sense anymore.

You can judge them already that you must avoid them.

[whyrqa]

I try to pay attention not only to the activity on social networks, since they can be counterfeit, but most of all to the liquidity of the coin in the cryptocurrency market. it is the indicators of exchanges and the volume of trade that are the best indicators of asset liquidity. right now I am awaiting the listing of Junca Cash on Huobi and after that I will build on my investment considerations.

[manok jepang]

I think it is very difficult to detect a project that has a bright future, but if you do in-depth research, the chances of finding a potential project are very high, if a project has an experienced and well-known development team, has a large sales volume, has a high market capitalization, has a large community, and the project has been listed on several major excanges, then the project most likely has a bright future.

[Mahanton]

That's exactly right. That identifying the team involved in a project is also not enough to know if the project is a scam or not. The Bitcointalk forum is also very helpful with the ANN space. Is there anything else that is far more important in your opinion so that we can avoid fraudulent projects?

But that's a good start if you're wanting to know more about the project.

Knowing the team is your initiation of determining if they're good enough. Well as for the other factors, checking out every single social media and channel platform that they have to see the others feedback.

Identifying the team members is pretty good start , you can cut out most scam projects just by depending on this small step. Rest is the activity on the social platforms of the project, like telegram and discord(if any). If there is not that much activity on the telegram group even with lots of participants then it can cause suspicion that the project may be inflating the socials by adding fake users on the group.

Yes.

Activity into those channels that they own is very much important. If there's not that much active people talking about the project then that doesn't make sense anymore.

You can judge them already that you must avoid them.

But having those activities and attention or recognition doesnt signify that they are legit and you should look if those people are legit ones and not sockpuppet ones because there are instances on where projects
do really make out their groups to be active to make it looks legit and convincing and this is how this market works and if you are not really aware that much or make yourself dumb then you would really be falling into
the pit of scams and also there's no way that you could determine for a project to have a good future because it would always vary on community demand and support
which is something that you wouldnt able to know ahead.

[Questat]

If OP trust the future of the project, that $2 before is now $21.92 in value, so it's already x10 and that means huge profit.

Knowing the potential of the project is very important so we can buy early, a x2 profit from its original price is too low if the project really has the potential, some coins rises even more than 100 times because of the continues development, so this project could reach that kind of success if they continue to develop and impressed the investors with their progress.

[South Park]

Teams can also be faked by scammers and this has happened in the past, so identifying the project team alone is not enough to make everyone avoid what is called a scam

This is important, many people are only interested in getting profits, and while I get it at the same time we need to do everything in our power to protect our capital, and one of the best ways to do it is by doing our own due diligence, and one of the most basic steps is to see if the developers are who they say they are, and if not then that is a big red flag which should save you from investing in that project, the problem is that something like this takes time and people do not want to use it in this way, as finding a legitimate project could take you weeks or even months.

[cafucafucafu]

If the profits are good enough to flex on a forum, it's probably a good time to take profits.

Just remember that the chances of a microcap coin making it big is very, very tiny. So any variations in price in the short run should be regarded as noise unless there are significant fundamental changes.

So has there been any changes to the fundamentals, or is it all hype? Sounds like the latter, so I would sell.

[milewilda]

Teams can also be faked by scammers and this has happened in the past, so identifying the project team alone is not enough to make everyone avoid what is called a scam

This is important, many people are only interested in getting profits, and while I get it at the same time we need to do everything in our power to protect our capital, and one of the best ways to do it is by doing our own due diligence, and one of the most basic steps is to see if the developers are who they say they are, and if not then that is a big red flag which should save you from investing in that project, the problem is that something like this takes time and people do not want to use it in this way, as finding a legitimate project could take you weeks or even months.

Always look for red flag and this is where you should really be making research and if possible do in depth ones because you would able to save up your ass on possible scams
if you do really know on what you are doing and not just been carelessly looking for projects which you dont even know on what it is all about. Future could only determine when it
comes into its potential and of course will be varying on real use case and this is something a personal judgement or views neither you do
dive in or not.

[livingfree]

Yes.

Activity into those channels that they own is very much important. If there's not that much active people talking about the project then that doesn't make sense anymore.

You can judge them already that you must avoid them.

But having those activities and attention or recognition doesnt signify that they are legit and you should look if those people are legit ones and not sockpuppet ones because there are instances on where projects
do really make out their groups to be active to make it looks legit and convincing and this is how this market works and if you are not really aware that much or make yourself dumb then you would really be falling into
the pit of scams and also there's no way that you could determine for a project to have a good future because it would always vary on community demand and support
which is something that you wouldnt able to know ahead.

You have the point.

And that's why we have our understanding and if you think that those conversations aren't legitimate, you can conduct your own investigation.

But if you don't want to yet you doubt then better leave that project and never trust them your money.

[kapalmabur]

If the profitable opportunity still exists and you still believe, then please buy. Because each of us involved in the world of buying and selling in crypto has a different strategy even though we have the same goal, which is to make a profit. It just so happened that the PYR project improved as you mentioned. Imagine if the price of PYR when you sold it at the current price was much more expensive when you sold it, would you lose?

Cryptocurrency calculations cannot be seen when the price increases after selling it. When deciding to sell PYR, the trader has already made a profit, so it's not a loss. The profit earned is a proper result for every effort. How about after holding it the price of PYR continues to fall. This is the true nature of cryptocurrency, the price is unpredictable.

I've also seen the same thing on another project that's almost the same as the PYR project. It all depends on each other's beliefs in making decisions in buying and selling. The average person measures the success of a project on price, but that's also not wrong in my opinion.

What is easy and real we can feel if the project is successful is the price, investors certainly want to get RoI or big profits immediately, no one wants to wait for decades because cryptocurrencies assets are not like real assets such as property, gold, shares or others.

It is true that cryptocurrency assets are not like property, gold or any other kind of real asset. Then the price fluctuates a lot. So waiting for years is definitely not to the taste of investors. Whatever it is, they (investors) hang to decide.

Again, everyone has their own preference for investing their money.
there are various investments as you mentioned above so just choose,
and any investment also has risks, don't expect to be able to avoid risk

[cliber]

That's exactly right. That identifying the team involved in a project is also not enough to know if the project is a scam or not. The Bitcointalk forum is also very helpful with the ANN space. Is there anything else that is far more important in your opinion so that we can avoid fraudulent projects?

But that's a good start if you're wanting to know more about the project.

Knowing the team is your initiation of determining if they're good enough. Well as for the other factors, checking out every single social media and channel platform that they have to see the others feedback.

Thank you. In addition to their team and social media, it seems that the roadmap also needs to be studied. If we've done with various studies but the end result still ends in fraud, at least we've tried. Is that true?

[Thymoty]

This is a difficult thing to explain. if we go back in time then we must be wondering what were the bitcoin holders who still held their assets when bitcoin was still very new.

After all, belief is the key to success, obstacles and temptations will always appear, only those who survive will win, as well as in the crypto world!