What makes you trust a new cryptocurrency?

[paveel90]

I wonder What makes you trust a new cryptocurrency?

I never look at the cost. For me the most important thing is the potential of the coin, and it can be seen immediately. As well as reviews and the number of buyers. It is these factors that influence the growth of the coin and how it will develop

[xOdiumNostrumx]

A very generalized question, so as many folks did it before me, lets give it a generalized answer. Avoid being naive and do your own due diligence, dont trust crypto "influencers" especially those with a bad rap sheet. Take a deep dive into the history and experiences of the team members, try to sniff out any red flags that could indicate any potential wrongdoing, check the credibility of their claims regarding the partnerships, funding and so on.

[zcashplan]

I think the main way to check out the new currency is to look at the products or businesses it depends on, such as some coins from the exchange!

[DesertOasis3]

There have been some dodgy cryptos Bitconnect comes to mind as one big Ponzi scheme so anything that seems too good to be true from the get-go I would steer clear of. Beyond that, I would check into a new coin before investing, which exchanges it has already been listed upon and the usage case and then make a decision if I think it hs any chance to appreciate.

[Freddy63]

Well, experienced team of developers with existing projects , passed KYC makes me trust to a team. Their work should be transparent as well as ICO collection progress, smart contract should be audited and total supply shouldn't be too big

[vorfolomej96]

the new cryptocurrency has now no credibility. At the red market even top cryptocurrencies begin to lose our trust and new especially

[NotFoundGlobal]

I wonder What makes you trust a new cryptocurrency?

Not all I believe in new crypto (project), as you know "high risk high return" I trust new crypto which they have any product (REAL) for solving or solution for problem in this world.
For example you can look Bobs Repair, they have a great team and give solution for problem. Unfortunately, Bobs Repair only work in USA, or maybe Canada and Australia. But I hope they will come to my country

[godspree]

I wonder What makes you trust a new cryptocurrency?

The best strategy is to the coins with the best:
Team (Domain experience, Previous success, strong ties in the respective industry)
Good tech (Instant transactions, zero fees, near infinite scalability, near infinite decentralization)
Progress (Testnet launched, Mainnet launched, Partnerships)
Product that is used in the real world ( e.g. Maidsafe, Skycoin, Elix)

[holly.ball8]

Mostly, the team behind it. Whatever they willing to transparency, keep their work and admit their mistake.

[sanacaks]

When I am checking any ICO, I look 3 main things.
1. The project needs to be well designed and can be implemented our daily life, it must find a good solution for a daily life problem.
2. Team needs to be reliable, experienced and they need to have minimum simple economic knowledge.
3. Marketing is very important even you have the best project in the world if nobody knows it, then it doesn't matter what you have.

[MWesterweele]

When I am checking any ICO, I look 3 main things.
1. The project needs to be well designed and can be implemented our daily life, it must find a good solution for a daily life problem.
2. Team needs to be reliable, experienced and they need to have minimum simple economic knowledge.
3. Marketing is very important even you have the best project in the world if nobody knows it, then it doesn't matter what you have.

Before I trust new coin first I need to know if they have good project, then I'll check their background and I also make a research before I trust it. But I think its better to trust those old coin than thise new coin because nowadays some of them are not trustworthy. Like Bitcoin and Ethereum this two old crypto are really worth it, so believing to it really gives you an good profits.

[shadowduck]

If the project describes where the tokens go, which exchange, it's great if they have good ratings on all sites.

[Dorvei]

I am very skeptical of new projects that do not has anything except pictures.

In fact, the ICO market was bent by two factors, inept traders who do not know what to do with coins. Secondly, this is a huge number of scammers who killed the credibility of the ICO market as such..

[Fedots83]

I wonder What makes you trust a new cryptocurrency?

I'm always interested in seeing something new on the market. And new cryptocurrencies are exactly what can really contribute to global changes in the market. So for me, what is credible is the public opinion and the number of people who have purchased this coin

[elis74]

I wonder What makes you trust a new cryptocurrency?

This is often very difficult. Many cryptocurrencies are really not credible. But it seems to me that when some coins are kept on the stock exchange for more than a couple of months, then you can safely buy them and wait for growth

[NetFreak199]

Now the project can get a confidence level only if there is a strong team. Everything else doesn't matter now.

[ahmed04]

The sheer trust in their technology makes me trust them. If the project fails to prove the efficiency of their ideas - I do not invest.

[dicaprio]

New projects may be interested in their idea, which can greatly help people really seriously increase the processes of investing and getting money, but I consider projects only from investors.

[martin1221]

I wonder What makes you trust a new cryptocurrency?

There are many factors that one must first consider before trusting a new cryptocurrency. The platform if it is really feasible, the detailed information about the crypto as outlined in their whitepaper and also the team running the project. If all of these are satisfied, then I confidently invest and trust that crypto.

[Alex Foman]

I can not trust the cryptocurrency without examining it carefully. Therefore, to begin to spend a detailed analysis. And only then I think whether to trust and invest.