How do I know the trustworthyness of a new coin?

[cryptobae10]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

Frankly, the trustworthiness of bitcoin and alternate crypto currency all depends on you

You own the coin, you trade then
You compare their differences
Compare the real world use case

And most importantly do your own research

[chanler]

If the coins are coming from the new ICO, I think that looking deeply at the concept and ideas of the project technology is a must. We must know what kind of projects that offer the coins, what we ca utilize it, what the future, and also the team that manage the coins.
besides, the coins must have the good volume and value on the exchange. We can see them on the chart without dumping drops.

[Ryananda]

Visit CMC sites and top markets, there you can see lots of potentially traded coins and find out also how they were born or when their ico was run, it would be more profitable if you have a lot of capital to buy all the coins that have potential.

[chits]

It is necessary to constantly monitor all Internet resources in which the project participates, follow the news, updates, their development and implementation of plans, also interact with team members, and pay attention to the work of managers and administrators with other project participants.

[raptorez]

This is a problem that many people work on. I think that today you will not be able to accurately determine the degree of confidence in the project. The fact is that the market today is a terrible situation.

[cuo]

This is very simple, but you need to more read about some project which bring that coin, You have to know about new coin you want to buy, then the project is run or development, and at last you need to know about the team that makes the project.

[durudara]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

actually, if we want to become a trader the main thing you have to look at is trading volume. because of the volume of trade, we can conclude that the coin is in great demand by people and indirectly the price of the coin will be better than the coin with little trading volume.

[Lanatsa]

A very hard question yet this is the most common thing on where investors or traders do seek on.Trustworthiness would vary on a certain project but by means of success any coin wont really
guarantee fixed future or the thing on whats ahead.
Believing on a project which do have potential is do really like a gamble.If you do search up which is an advantage but this wont really be an easy task for you to make a choice.

[Fredomago]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

actually, if we want to become a trader the main thing you have to look at is trading volume. because of the volume of trade, we can conclude that the coin is in great demand by people and indirectly the price of the coin will be better than the coin with little trading volume.

But also we need to make sure that the volume is for real, as pumpers can manipulate the market and create artificial pumped just to
attract traders and trapped them up as many possibilities can happen around the exchange, make sure you also study the project so
you have an idea if there's real community behind.

[jorenpo]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

read their whitepapers or website and look for the roadmap if theyre on schedule or doing anything about the project. Some altcoins takes year to develop though. Its a gamble to buy and sell new coins.

[nik9990]

It is very difficult to choose a good project, follow the news and evaluate all the risks

[mahilchii]

It's always preferred to research on your own about certain coin, check their white paper and the development of the project and their previous projects too which might give you a overview for sure. Also try checking their website as well.

[TrevorS]

It is very difficult to choose a good project, follow the news and evaluate all the risks

This is a rather complicated question considering what reputation the majority of coins use in the current market, however, the project partners will not allow to lie and they are an indicator of the success of the project, for me.

[Ifychuks]

To me, it's very difficult now to know which coin has a great potential and which is crap. All you need do is follow the project closely, if you see anything interesting, then research more before making up your mind to invest.

[MrGGates]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

You can start from finding out at News Coin or on the news ico, or you can see the telegram info, and will you see that the project will be good or not?
and what is your perspective

[s4mp1nt0]

its hard to find if the coins is trustworthy or not. maybe just take a look if the project is promising. how much they raised on the ICO? is the token is already on a good exchange?  already launched the mainnet? make a research before investing in new project.

[omonuyak]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

To know on how a coin is performing you may need to get those information from coinmarketcap sites as every information you need about most of the coins listed there are available.  I got every information about most of the coins from there.

[IndianaJons]

It all depends on what you want to do with this coin. If you plan to trade, then choose coins with a large daily trading volume and good price fluctuations. If you need a coin to invest, look for a promising project that has not yet had a pump.

[Open4lies]

I think it's not easy to know if a new coin is trustworthy or not. You'll have to check so many things behind these new coins like project, team, partner,....there are so many new coins have good team and also really trustworthy but sometime they're not good coins to invest in. You should know that trustworthy doesn't mean good to invest in.

[maianh09]

Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

You need to look at its trading volume in 24 hours, you need to count the number of dumpers. A new currency may have a price lower than the ICO price, but it still has a high volume of trading because there will be investors who want to own it. With a high volume of transactions, trust it because there won't be any bad things because its development team is enthusiastic.