What makes you trust a new cryptocurrency?

[hismaimai2000]

I wonder What makes you trust a new cryptocurrency?

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[1715070062]

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[1715070062]

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[ResuLT]

I usually trust every cryptocurrency in the world. But, not for ICO. Cryptocurrency can be trusted since it decentralized and cannot be faked in any way.

[dablatair]

Hello,

Vaste question and there is so many answers !

For my part I trust a new one if there are at minimum :
 - Added value of the project
 - Good team
 - Clear vision for the project
 - Clear description of the project, supply, distribution, ico details, steps to achieve... I.E = white paper

New obscure coin with only marketing, looking only for price and exchanges, copy/paste from other thigs are just here to take profit.

[PsylockReborn]

I wonder What makes you trust a new cryptocurrency?

There are lots of factors to consider when it comes to trusting new cryptocurrency. First, you should make sure that the people working behind the project are trustworthy and brilliant individuals. You need to consider this first for we are investing into the project. The second factor is to make sure that the project being introduced into crypto space is usable and has lots of ways to offer than any other existing crypto. Lastly, the number of investors that are coming into the project who wants to be part of the success of its ICO. There are still so many factors to consider for us to trust a new crypto.

[DooMAD]

I have a suspicion that, for most people, the honest answer would be "greed".  

These days, with new tokens becoming so prevalent that it's largely just an amorphous blur backed by nothing but hype, I don't even tend to acknowledge the existence of anything new.  For me, trust only comes from being well established and proving that the coin is robust and fulfills a purpose.

[palle11]

I wonder What makes you trust a new cryptocurrency?

Among the replies so far, no one has questioned the use of cryptocurrency in OPs post as to what he/she means by a "new cryptocurrency".

I was wondering what is being referred as a new cryptocurrency and I assumed maybe rightly, that he/she is referring to a new altcoin.

I thought we know the name cryptocurrency as a generic name that covers all coins from blockchain or digital currency. So maybe the topic would have come in another form rather than cryptocurrency.

Maybe like... "I wonder What makes you trust a new altcoin ? "

I'm however saying for comprehension and proper guide purpose.

[Gary Levanevskii]

If projects are part of other larger projects and have a strong team then I trust them. I think the creation of an ecosystem and a community is an important part of the development of top cryptocurrency

[shendy]

Many things can make a new crypto believe. Development and a good approach from the team, have the vision and mission, the right goals, something that is real and realized.
Crypto is only managed by a team that has confidence in its performance, every new crypto will definitely make it more useful.

[Marcel666]

I don't trust new cryptocurrencies.
All ICOs have is a whitepapet, a road map and promises. There's really not much to trust.
Investing in ICOs is a gamble. The only plus that can give me a certain degree of confidence, is if it is run by a pre established co-operation or company.

I rather invest in tradaeble currencies.

[evergreendog]

I trust a new cryptocurrency if it meets the following:

1.clear goal, strong dev team

2. strong community support, a lot of advertising

3. fair distribution

[tomahawk9]

The market is so oversaturated with cryptos that it's really hard to find something new that looks legit. It's so easy nowadays to hype a coin and make it look that it's the most innovative crypto in the market, it's also easy to copy-paste a whitepaper, change a few words and make it look like it's yours.

I guess it all comes down to how well it does in the market after a few months, if it can survive without looking like a pump and dump shitcoin which gets hyped every now and then, perhaps it could get my attention, I would also have to look at the team behind it, how many people support it, and trading volume.

[MAJICOIN]

I wonder What makes you trust a new cryptocurrency?

Many reason which are base for investing in bitcoin and other crypto currencies and i would like to say that i am investing in ICO and for me the first thing to check is the expert opinion about that ICO then i come to the team of that ICO because if team is good they will do best work for that and in these days many ICO scams have create a fear among the people about whether to invest or not and i hope that bitcoin is the best option for investment now.

[Sandus_Cryptolover]

I wonder What makes you trust a new cryptocurrency?

I trust any new Cryptocurrency with good product that is applicable to the real world and not just based on what is written on the whitepaper alone as that can be copied.

[TentallyMooN]

I wonder What makes you trust a new cryptocurrency?

I do not really trust the new crypto-currencies, although I am sure that among them there are worthy coins. I prefer to invest in known coins that have already shown a certain result

[BitGunner]

I think that you can trust new crypto currency because it is the best currency ever, to my mind, the digital currency has many great advantages in comparison with the standard money

[KryptoKai]

It needs to have a good and identifiable team behind it. Not to say that all projects are bad if the team decides to hide behind a monitor, but there is more chance of success if the founder travels to conventions and does meetings with new potential partners.

[mklost]

Not every new currencies are good to trust! It depends on their project, the team's activity, work plan, and of course product value. Every big and stable coin were a new coin one day! You just need to research and trust! If a project continuously updates their work process, if they follow their roadmap and whitepaper then you are good to believe that new coin!

[minime0105]

Not every new currencies are good to trust! It depends on their project, the team's activity, work plan, and of course product value. Every big and stable coin were a new coin one day! You just need to research and trust! If a project continuously updates their work process, if they follow their roadmap and whitepaper then you are good to believe that new coin!

I agree with you in that not nay new crypto is to be trusted. Like you say there are many factors one weighs before approving an ICO as a good and worth investing project, especially with the scams on the rise.

[Reid]

Ain't this the same as questions for trusting new ICO's which are already asked here for so many times?

Well, they are the ones who are creating new tokens by now. Mostly.
I do not see any projects anymore which relies on staking or mining. I think that kind of idea have been buried because of the ICO that came out.

As to trust issues, checking the team behind it should be the main purpose. See their legitimacy or if they are real people. A video chat would help.
For its market, if it will bloom or not. Check their whitepaper and the roadmap.

[Abal Abal]

at the moment I am not easy to mark the new crypto, I need to learn it first before I enter the new crypto. like seeing the professionalism of the team and the possibility of their project going.