How do I know the trustworthyness of a new coin?

[Febo]

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 dont need to trust anyone. You trust the code. If coin is not opensource you ditch it. If is open source then anyone can check what is in it. So everyone can see what it does. And if you believe that is what you and other people needs then you buy some.

[scambust]

You really can't 100% trust anything. That's why it is very risky to participate in a new coin. But there lies the rub, it is the most profitable period to accumulate it if it becomes successful.

The best way is to research on the background of the main developers. Anonymous devs don't cut it anymore too.

[94K]

Its quite difficult to trust new coins recently however you can identify new coins using certain features like the team and its roadmap. You also have to do a background check on the coin you intend to invest.

[natka]

Its quite difficult to trust new coins recently however you can identify new coins using certain features like the team and its roadmap. You also have to do a background check on the coin you intend to invest.

It seems to me that it is very difficult to study each member of the company's team, since we cannot find reliable information about all the participants in a particular project. Who can not every company has a reputable people in its composition. But first of all you need to pay attention to the idea of ​​the project itself, which should be very promising and in demand in the future in society.

[Script]

First of all, it is necessary to check all team members for credibility and their positive experience, as well as the possibility and efficiency of interaction with them. Product availability must also be trustworthy.

[Evrolina]

One of the best way to know a good coin is to look out if the project has working product,make research on their target area and see if the project can actually deliver to the target area,also see if the project has got reasonable number of community behind it.

[DAVETUN]

The team involve in the project, checkout on there past record and the experience they have, the white paper must state detail about the problem they are out to solve and how realistic it is to the real world,all this can build trust on new coin.

[CaVO32]

One of the best way to know a good coin is to look out if the project has working product,make research on their target area and see if the project can actually deliver to the target area,also see if the project has got reasonable number of community behind it.

this is one of the factors that i usually look for in every project. but even if they have working app or product already, check for the number of users and their feedback. usually you can easily see their feedback if it's an app. also, check the legitimacy of the project, if they have license to operate and where. most of them are using estonia or other countries with loose regulations in terms of crypto, you need to be careful with them. it means, they can easily get away from their responsibilities in case something goes wrong. read their terms and conditions also.

[maxreish]

Altcoins that are usually vague and funded left by investors cannot be trusted at all. Trust only an altcoin who are already established, who offers solution to the problem. Also, do not eventually easily trust with those top 20 altcoins, mostly they are just being on top by fake volumes.

[conected]

The team involve in the project, checkout on there past record and the experience they have, the white paper must state detail about the problem they are out to solve and how realistic it is to the real world,all this can build trust on new coin.

- I don't think the information you ask people to check is useful for determining the credibility of a new coin in the present time because this information can always be counterfeited in great detail, although we may be experienced in analysis but the project can still trick us. And so, instead of looking for opportunities and successes in the new coin, maybe we should still focus on the old products, the development of these products is more stable, and reliability can be said that it has been identified many times in the past until now, the profit may not be too high in the old coin but very safe

[ceetoo224]

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't. Basically figuring out the trustworthiness of a coin should going to be start on, figuring out the best that the project can bring to the market. How well that market is implemented, and how strong is the team supporting the project. In that case, the strength of the marketing will determine the strength of the coin in the future.

[r_delossa]

The only thing you can do about it is to invest more time in doing a deep investigation of each coin. You need to have enough knowledge about a coin, team members, announcements, product and so on before investing your money into it.

[NynaHoney]

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!

maybe it is really difficult for now because, seeing the condition of the coin in the market is still messy, making a lot of people confused between choosing which one will go up and which is just bullshit so in the current situation we should be able to see it more carefully if the coins are eth, btc , neo.

[logicgate]

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!

maybe it is really difficult for now because, seeing the condition of the coin in the market is still messy, making a lot of people confused between choosing which one will go up and which is just bullshit so in the current situation we should be able to see it more carefully if the coins are eth, btc , neo.

   Right in market there are so many coins and it is hard to know which one is good and which one is not good, but I think new investors are confused but older know that no other than bitcoin is the best, which has so many years experiencing rise and fall but it stayed the same, so in this era of technologies I think bitcoin is the best coin to invest which has high demand and it will rise so high.

[Kay94]

Its quite difficult to figure out the trustworthiness of a coin since there are many coins in the crypto market now but there are some things you can use to determine the worthiness of a coin such as the team behind the project and its roadmap.

[Isiaka208]

You need plenty of research to know the information you seek as most people here may give you the wrong information to what you seek.

[Zythiphill]

The only thing you can do about it is to invest more time in doing a deep investigation of each coin. You need to have enough knowledge about a coin, team members, announcements, product and so on before investing your money into it.

Yes, the study now can not help much to determine a good project or not , only of course if the coin is not in the top of the crypto currency then Yes , and so all the other coins above the top 100 it is difficult to guess what will come out of them

[concitta]

Its quite difficult to figure out the trustworthiness of a coin since there are many coins in the crypto market now but there are some things you can use to determine the worthiness of a coin such as the team behind the project and its roadmap.

so many new coins that appear and believe in new coins is only a little trust, because most new coins don't have the power to develop.
it's not all bad so if you want to find a good one, you have to find it by researching every coin and knowing about the work team.
New coins have the opportunity in the future to grow but require a long enough process to make it happen.

[HappyCaptain]

i am not a trader but i see some strategies of long term traders who make a deep analysis of a projects coin before they make a bulk buying and usually they do it before the coin became popular to many users.

[batang_bitcoin]

Check the volume of that coin and you can determine if they are crap or not.