Altcoin season, scam altcoin projects will appear. Check their Githubs first

[nelson4lov]

I have wasted too much space and evergy downloading new project wallet and installing them, most times, they just repeating what has already been in existing. I wonder why they don't build on existing projects than going through a long processes that will still have their project dead. When holding new altcoins, I sleep with one eye opened.

That's true. Majority of these projects are only trying to reinvent the wheel which isn't cool.  That is why it is recommended that we only invest in projects that have at least a minimum viable product and not just mere words on a whitepaper. The days of investing  based only on the criteria of how hyped a project is gone. Investing in such is the same as  engaging in gambling.  That said, if ever there would be a new way to fund projects like ICO or IEO, It would take more than just a whitepaper to invest.

[r32godzilla]

The problem is that 99% are ERC-20 tokens, so they even don´t have any github release. You are investing into a utility token, the token that will be utilized on the website in the future. The problem is in 99% the website won´t be used due to no useful use, or they fail to competite with older and estabilished rivals.
Secondly, do not fall into a hype of exchange tokens, most of them have no value due to very low volumes on upcoming exchanges. 

[letyouearn]

I would advise to invest in those altcoins that were able to list on some big exchange. This will filter all those coins that are still too risky. And don't spend too much time analysing the ideas. This is almost useless now. Better watch the graphs.

[Novatech8]

It's better to watch the trading volume of new coins and also information about the teams too, I easily detect fake projects using Google search on the pictures of team on websites

[totoy4741]

It's better to watch the trading volume of new coins and also information about the teams too, I easily detect fake projects using Google search on the pictures of team on websites

Better option, than investing investing in newly created projects without any certainty. At least when you loss any assets you make your own way to make any profits unlike investing in a project with no assurance of getting successful at all.

[zasad@]

Thanks for the article. Russian translation
https://bitcointalk.org/index.php?topic=5231434

[hd49728]

Thanks for the article. Russian translation
https://bitcointalk.org/index.php?topic=5231434

Ok. I checked it. I don't know Russian but your translation was welcome by your locals (good ones I know them). So your translation seems to be good. I gave you one merit for your time to translate it.

Thank you, zasad@

[shoreno]

It's better to watch the trading volume of new coins and also information about the teams too, I easily detect fake projects using Google search on the pictures of team on websites

Better option, than investing investing in newly created projects without any certainty. At least when you loss any assets you make your own way to make any profits unlike investing in a project with no assurance of getting successful at all.

i got your point  . your right . so what if we loose ? but we already did our best though , to find a good project but we cant avoid the mistake or what we call badluck   . it happens sometimes and its normal but it is bad to know that you are loosing because of your own fault in which you didnt do your best to find a trust worthy project but instead your just randomly picky and throwing away your money  . its bad  because you look like your helping the scammer to grow more but you can instead help the legit one to grow and they can also over scams later on   .

[RDNX]

This is very helpful information. This type of checking will define the project.
I usually check the project on their smart contract codes. I just found out, it turns out that checking the GitHub code is very useful. Thanks.

[zaim7413]

This is very helpful information. This type of checking will define the project.
I usually check the project on their smart contract codes. I just found out, it turns out that checking the GitHub code is very useful. Thanks.

Yes, that's right, and not only is checking out the GitHub code project very useful, but checking out the team and their collaborating partners will also be very useful for ourselves, because these three things are among the most important points for hired hunters.

[JeotQ]

I have wasted too much space and evergy downloading new project wallet and installing them, most times, they just repeating what has already been in existing. I wonder why they don't build on existing projects than going through a long processes that will still have their project dead. When holding new altcoins, I sleep with one eye opened.

I suggest you read about them first before downloading their wallet, if you find out that the project consists of repetitive ideas from other projects just ignore, new altcoins are very dangerous, one can get burnt easily while holding them

[Lhaine]

It's better to watch the trading volume of new coins and also information about the teams too, I easily detect fake projects using Google search on the pictures of team on websites

Better option, than investing investing in newly created projects without any certainty. At least when you loss any assets you make your own way to make any profits unlike investing in a project with no assurance of getting successful at all.

i got your point  . your right . so what if we loose ? but we already did our best though , to find a good project but we cant avoid the mistake or what we call badluck   . it happens sometimes and its normal but it is bad to know that you are loosing because of your own fault in which you didnt do your best to find a trust worthy project but instead your just randomly picky and throwing away your money  . its bad  because you look like your helping the scammer to grow more but you can instead help the legit one to grow and they can also over scams later on   .

the harder pary now is not only looking for a legit project to invest.
Even the legit project at first came to be scam in a long run once they think its time to run investors money. Fake and real identity is the smae if they want to scam people they do not care even they use thier real identity in it.

[Bonwin]

If the time of creation is what most investors look at, then it is not advisable to invest in such a project. The longevity of a project is very important, in order to avoid a pump and dump and at the end, after a very short while, most especially when the team have been able to sell their shitcoin to bagholders, it dies off, with no volume on the exchange. There are so many of them today. They do everything possible to attract investors and traders. We just need to be very careful.

[xvids]

We should really be careful on investing and even promoting them.
Great job OP on spreading some tips on how to avoid fake or scam project this would help us choose wisely on which project to support and invest.

[memed97]

I suggest you read about them first before downloading their wallet, if you find out that the project consists of repetitive ideas from other projects just ignore, new altcoins are very dangerous, one can get burnt easily while holding them

Yes, a very correct suggestion, because every year there are always projects that are neglected because there is no progress, this is what requires everyone to read and find out about new projects that are made every year.

[OasisDre]

The aim of new developers coming into crypto space is making money, this alone is what makes new projects dangerous to invest in , and to say the truth we already have thousands of altcoins and I think it's far too enough, the choice is left for investors to make

[rahmatullah9305]

The aim of new developers coming into crypto space is making money, this alone is what makes new projects dangerous to invest in , and to say the truth we already have thousands of altcoins and I think it's far too enough, the choice is left for investors to make

The choice is not only for investors, but for project developers and altcoin developers also have a choice, because if the purpose of building a project is only to make a momentary profit, the project will not last long, and those who hold altcoin from such a project will experience heavy losses.

[hd49728]

I have wasted too much space and evergy downloading new project wallet and installing them, most times, they just repeating what has already been in existing. I wonder why they don't build on existing projects than going through a long processes that will still have their project dead. When holding new altcoins, I sleep with one eye opened.

I suggest you read about them first before downloading their wallet, if you find out that the project consists of repetitive ideas from other projects just ignore, new altcoins are very dangerous, one can get burnt easily while holding them

I know it is not applicable for all but if you can, I advise you to use a single computer for exeperience strange projects (downloading and installing their wallets on that computer is used only for testing and trial). You won't lose money on that computer. Remember don't log in your important accounts with money inside on that computer.

Anyway, if you can not have a computer for that, don't download and install wallets from strange projects is the best you can do.

[lienfaye]

The aim of new developers coming into crypto space is making money, this alone is what makes new projects dangerous to invest in , and to say the truth we already have thousands of altcoins and I think it's far too enough, the choice is left for investors to make

Yes there are many existing coins and most of them has the same purpose or just a pump/dump kind of crypto. We have an option and that is to choose a new coins sprouting or the old that is already been here for years like btc and other popular alts. Its better to be safe by investing our money in a worthy coin and not likely be delisted in exchanges due to low volume.

[Reatim]

100% agreed that most of altcoin that in circulation are shitcoins and only created to scam people,even how good they are in release and how supportive at first but sooner after a year or so?will come out the reality that they are just a copycat and will bring no future for investors.

thank you for sharing this as big Help for many prospective investors and even those who are already here that understand only small things in this market.

also this same reason why i only buying altcoins next to Bitcoin though i also gamble in some low value currency but only with small part of my invesments.