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Author Topic: How do I know the trustworthyness of a new coin?  (Read 858 times)
fullhdpixel
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April 17, 2019, 04:00:29 PM
 #161

Check the volume of that coin and you can determine if they are crap or not.
This is a very an effective method that will surely work for an already established project, but for new coins, volumes might not be enough to distinguish good ones from bad ones, especially when the coins are new, that is when they get enough volume from traders that are very smart, they buy these coins very much and wait for it to pump and dump them.

It is during this pump waiting time, that accumulation becomes so high making the volume of the coin go high, and that might be the time an investor who took your advice comes to make investment decision. Volume is good but not to be the only determinant factors, we should only take volume as part of our many parts of decision.

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Kay94
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May 10, 2019, 09:14:55 PM
 #162

You need a very thorough study about a particular project since reading or investigating into a coin may not be enough. Its quite difficult to know the trustworthiness of a coin.

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rijaljun
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May 10, 2019, 09:21:24 PM
 #163

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.
Short-term traders don't use fundamental analysis. They usually just play with the charts to predict which coins will be pumped, even sometimes they will read and follow some coins's news. Also, they don't really care bout fundamental things as shitcoins can be pumped as well sometimes.

So, since the market efficiency is still in a weak form (I believe so), just pick the coins in a big exchanges that have been too long in a dip, wait them to be pumped then make some profit from them.

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