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Author Topic: How do I know a coin to be safe based on CoinMarketCap and other resource?  (Read 106 times)
SandrasMint (OP)
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January 03, 2019, 05:07:06 PM
 #1

What can be considered to be general parameter for a coin to be established and safer relatively to be invested upon? That the coin is stable? Consider CoinMarketCap, where does it mean that if the coin is listed here it is established? OR if it is in the top 1000 or if it is in the top 500 or 100? Apart from CoinMarketCap are there ways to evaluate or estimate the stability and establishment of a coin? Or do we find such coins in certain exchanges such that the exchange is very particularly choosy or that it has a certain clear performance index as a measure for a coin to feature therein?

The question is for understanding what is the right thing to do while running a Masternode as well as but not limiting to Trading. Many a time we do find that coins lose their feet and stance in the crypto world and just fade away. Most of the times they get dissolved either due to lack of developers or other internal backing or because it was a scam in the first place. The investors will feel the pinch when their money gets lost and wasted in these scenarios. It is true that there are many parameters that help us in evaluating a coin's position in the market however a simple straightforward parameter or a website that lists such 'safer' coins is what I am looking at. Nothing is 100% correct but even if the place or parameter is mostly correct, then that makes my 'goto' place for reference. At least for the time being.    
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January 03, 2019, 07:37:00 PM
 #2

What can be considered to be general parameter for a coin to be established and safer relatively to be invested upon?
A safe parameter would be to consider the coins with larger market cap, such as BITCOIN, RIPPLE and ETHEREUM. Those coins are less volatile than others and they are *probably* not going to zero anytime soon. They have a high active dev team and are somehow trusted.

Their marketcap is very high, billions of dollares, so they are somehow safer to invest.


Quote
That the coin is stable?
No coin is stable. Only Tether and other stable coins, which are pegged to USD value. 1 Tether = 1 USD always.


Quote
Consider CoinMarketCap, where does it mean that if the coin is listed here it is established? OR if it is in the top 1000 or if it is in the top 500 or 100?
Listing in CoinmarketCap(CMC) only means that the coin is listed in a exchange that CMC recognizes.

In general, top3 cryptocurrencies are the safest. In the Top100 coins you will find many possible scams (like bitconnect).

Quote
Apart from CoinMarketCap are there ways to evaluate or estimate the stability and establishment of a coin? Or do we find such coins in certain exchanges such that the exchange is very particularly choosy or that it has a certain clear performance index as a measure for a coin to feature therein?
The best way to evaluate the coin you are interested is a fundamental analysis, which cannot be done in CMC. You need to read the whitepaper, look information about the team, see if they are legit, and if their business is needed. If the coin has any reason to have any value.... Even if they are all ok, their business may not be lucrative. It´s a high risk/reward.

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bigcash2011
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January 03, 2019, 08:48:41 PM
 #3

Coinmarketcap will not tell you if a coin is safe or not that requires your own research, analysis or due diligence about the project, coin or token where you were looking to invest, i will suggest to only invest if the project passes your due diligence process, if you see some suspicious things then do not invest in that project.

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January 03, 2019, 08:51:58 PM
 #4

Coinmarketcap will not tell you if a coin is safe or not that requires your own research, analysis or due diligence about the project, coin or token where you were looking to invest, i will suggest to only invest if the project passes your due diligence process, if you see some suspicious things then do not invest in that project.

yes, thats right,, people should do their personal research to know about that
coinmarketcap site only give you an informations about a coins or tokens in this crypto industries
so, there is no guarantee if a cryptocurrencies will be safe after listed on coinmarketcap

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dearbesz1219
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January 03, 2019, 08:56:41 PM
 #5

What can be considered to be general parameter for a coin to be established and safer relatively to be invested upon?
A safe parameter would be to consider the coins with larger market cap, such as BITCOIN, RIPPLE and ETHEREUM. Those coins are less volatile than others and they are *probably* not going to zero anytime soon. They have a high active dev team and are somehow trusted.

Their marketcap is very high, billions of dollares, so they are somehow safer to invest.


Quote
That the coin is stable?
No coin is stable. Only Tether and other stable coins, which are pegged to USD value. 1 Tether = 1 USD always.


Quote
Consider CoinMarketCap, where does it mean that if the coin is listed here it is established? OR if it is in the top 1000 or if it is in the top 500 or 100?
Listing in CoinmarketCap(CMC) only means that the coin is listed in a exchange that CMC recognizes.

In general, top3 cryptocurrencies are the safest. In the Top100 coins you will find many possible scams (like bitconnect).

Quote
Apart from CoinMarketCap are there ways to evaluate or estimate the stability and establishment of a coin? Or do we find such coins in certain exchanges such that the exchange is very particularly choosy or that it has a certain clear performance index as a measure for a coin to feature therein?
The best way to evaluate the coin you are interested is a fundamental analysis, which cannot be done in CMC. You need to read the whitepaper, look information about the team, see if they are legit, and if their business is needed. If the coin has any reason to have any value.... Even if they are all ok, their business may not be lucrative. It´s a high risk/reward.
I agree with you, but I do not think that also this coins are 100% stable and could be trusted. Look how many problems have USDT in the past.
So do not believe 100% in these coins, still we can´t say which coin survive.
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January 03, 2019, 09:01:00 PM
 #6

I think a coin been placed on coinmarketcap is not a guarantee
Neither does it assure you that trading will always be smooth

Mixin is listed on coinmarketcap, did series of bounty programs and now refusing to pay
Reputation has nothing to do with trust
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