How do you determine if an altcoin is worth investing in?

[daobingsu]

A lot of people have been burned by founders running away with with ICO money. It tarnishes the reputation of cryptocurrencies and I believe we should help educate new investors as soon as possible.

Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?

And what are the red flags that you often see people fall for?

[1714989355]

1714989355

[1714989355]

1714989355

[1714989355]

1714989355

[1714989355]

1714989355

[20kevin20]

I first of all avoid any ICOs and launch schemes that have been hyped up and turned into scams before. Then, it's quite simple. All I do is just look on a weekly basis whether there are any kind of updates towards their whitepaper-mentioned goals or everything is nothing but words on a digital paper. Check if there's any premine as well and whether the team's description matches reality or not.

By "updates", I mean seeing something unique compared to other projects. Not talking about wallets, websites and block explorers. Theae are nothing but necessary stuff to promote and properly use a cryptocurrency. Komodo's come with Atomic DEX - that is something that shows they truly are working on their goals.

This is what I mainly do to find out whether a project is worthy or not.

[bakasabo]

I'm more a bounty hunter than investor, but my thought whether to join bounty or not partly comes together with investing.
First thing I look at is the idea of the project. I skip promoting projects, that are connected with health, green energy, something with about farming or growing and exchanges.

Health market is a market that worth billions and billions. I'm very skeptical, that a project which hardcap is around 1 million can really change something. That is why I see no success in it.

Green energy - this might be a good field for investment, but still I dont remember anything that was successful and its core was connected with blockchain.

Farming and growing - I dont think this category need blockchain so much. This is already a fully functional organism and can survive without cryptocurrency. Investing in it? Making a deposit in the bank will bring profit more quickly.

There are so many exchanges already. To stand out an exchange need to do something extra ordinary. New exchanges does not have resources for that, while "old" exchanges altcoins prices are already more or less stable.

[asriloni]

You must focus with the team who has been running such ico. in the majority of the exit scam cases that happened in the crypto mostly getting dominated by the icos who have been created by the anonymous team.
Everyone should take a project that being created by the anonymous team as a very high risk project with the possibility to be the scam project anytime.

Just take a look at how yuno, kimchi and so many scam defi have become exit scam projects.
We must learn a lot from there.

The second place should be on the contract audit.

[Reid]

I bet you had never tried to look deeper into this altcoin discussion section.
There is a lot about how to pick the right project to invest with.
But I got tired looking after page 5.   But I promise you, there will be another one which will pop out again. Thanks to necroposters.

Red flags. I have also read one thread recently (damn, why can't I  find them) which talks about a team who doesn't want to show their faces and names.
Their reasons, to stay anonymous mimicking Satoshi. (IIRC, that's the concept of his thread.(
Anyway, that's a red flag already which is just one out of many.

[plvbob0070]

Others have already mentioned the things that I consider when making investments in altcoins that it's also important to look for the team behind every project as well as their continuous development. Every investment is already risky, and it's riskier if you don't know the people behind it that's why I always doubt projects with an anonymous team.

As for red flags, those who just plagiarized their documentation and fake the team behind the project. And people who fall for these scams just need to do enough prior research.

[masterrex]

I think it's pretty hard to determine if an altcoin project is worth investing because we are just speculating and every project portray that it can execute the project development including its roadmap and all which is written on every project's whitepaper thats why no one can tell if the project is worth investing or not if you are certain about the team, product and its use-case its all up to you to judge if you are willing to gamble. red flags are visible in most projects and the most common thing is the too good to be true promises, shady team profiles and plagiarized whitepapers.

[drlukacs]

Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?

And what are the red flags that you often see people fall for?

Here there are a lot of people who have experience in checking projects but I just want to give my experience for your reference.
There are 3 steps to check a project:
1. The Roadmap
- It is probably one of the most important parts of the project.  it should be properly and properly listed.  especially need to be clear about the purpose, not vague.
2. Partner and financial investment funds
-Partner to see if it is a good project or not.  Usually, good projects are partnered with well-known altcoins and funded by many financial investment funds.
3. Community
- The community really affects the future of the project a lot.  If the project has a large community on social networking sites and is always fomo by sharks in telegram channels, that is a very good sign.  DIA is the most recent example.

[isaac_clarke22]

A lot of people have been burned by founders running away with with ICO money. It tarnishes the reputation of cryptocurrencies and I believe we should help educate new investors as soon as possible.

Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?

And what are the red flags that you often see people fall for?

Red flags? Moderated ANN Thread. Newbie OP.
If you see a lot of deleted post, better leave that thread already.
I usually check Scam Accusation board for any ongoing investigation about a certain project, regardless if it is an ICO, IEO, STO, if any.
When there ain't single Scam Accusation, I just tread around the site of the project itself. Check the domain registration date. Check the Github repositories if such progress is being made, if there's any.

[Jackl87]

To be honest for me there are too many projects coming out every day to keep track of all of them.
I am also no IT-guy so i can't look into the code of a project or such things.
I am part of an investment pool group in telegram and whenever a project is discussed there or wanted for a pool i look into it and maybe participate in the pool.
I look up the team members and just decide for myself if their project has a real use case or not.

[dimonstration]

Red flags are sometimes given to projects that don't keep their promises or are prone to scams. however, I just think that the old, popular altcoins are the right ones when you want to hold altcoins for the long term. however, there is no guarantee that the new coin will last for the very long term. determining that a coin is worth holding is when it continues to evolve with the latest developments in the crypto world and remains in the midst of the competition that exists today.

This forum can help in determining scams if we're not sure whether they are good to invest with as some were willing to do analysis or give opinions about them,our experiences can also help in analysing the market potential, the project and the teams dedication in doing that project. Sometimes reading there whitepaper isn't enough or joining their telegram. Whenever I'm not sure if the project I'm eyeing is legit or will success I tend to just wait when it becomes listed than buying in ICO due to past experiences in ICO losing its value once listed.

[hugeblack]

And what are the red flags that you often see people fall for?

The red flags mean nothing because many scam projects presented everything perfectly and were not known to be scam until after the scams occurred. Therefore, unless crypto project are open source decentered or there is more than one entity that can control it, it cannot be guaranteed that you will not be scammed.

Finally, if you suspect, even 1%, that you will lose your money due to scam or poor programming specific wallet/app/crypto, do not use it.

[reliable]

With hundreds of coins now being rolled into space it is difficult to find out the one which could genuinely grow multiples times in future for long term. Though Defi projects for now is doing well so if just want to make short term gains then one can buy it but for those looking for longer 3-5 years times horizon difficult this type of coins will continue to grow.

[witbla]

Talking about the crypto path, from my point of view, focus is going to change. What do I mean? Investors are now tired of similar and simple solutions. So as I understand, the switch will happen towards more technological and valuable solutions

[hwtee]

Talking about the crypto path, from my point of view, focus is going to change. What do I mean? Investors are now tired of similar and simple solutions. So as I understand, the switch will happen towards more technological and valuable solutions

Hey there. I am having similar opinion. Another aspect that makes sense - how team delivers experience. So I always conduct own analysis, evaluating many factors etc. So just wonder whether you are just following any project with innovations.

[witbla]

Hey there. I am having similar opinion. Another aspect that makes sense - how team delivers experience. So I always conduct own analysis, evaluating many factors etc. So just wonder whether you are just following any project with innovations.

Not really. There are many criteria I pay attention to as well. And as for solutions I follow - there are only 2 or 3. If you are interested, my latest discovery is hCaptcha. What I am excited by - entirely new approach on industry. Heard of the solution already? A popular and widely discussed one

[hwtee]

Not really. There are many criteria I pay attention to as well. And as for solutions I follow - there are only 2 or 3. If you are interested, my latest discovery is hCaptcha. What I am excited by - entirely new approach on industry. Heard of the solution already? A popular and widely discussed one

hCaptcha? It seems that I've met the project somewhere, but cannot remember for sure. What exactly attracts you in their approach on the industry? Or where can I check out more on what the guys are bringing?

[witbla]

hCaptcha? It seems that I've met the project somewhere, but cannot remember for sure. What exactly attracts you in their approach on the industry? Or where can I check out more on what the guys are bringing?

hCaptcha is designed to solve the most labor intensive problem in machine learning: labeling massive amounts of data in a timely, affordable, and reliable way. More data generally produces better results in training machine learning models. The recent success of deep models has led to increasingly large datasets, almost always with some human review. However, creating large human-reviewed datasets via Mechanical Turk, Figure Eight, etc. is both slow and expensive. hCaptcha allows websites to make money serving this demand while blocking bots and other forms of abuse. Have a look at their website

[bigcash2011]

Good project speaks for itself so for me first impression is very important.
Other than that you have to check the usual things like use cases, team experience and competency plus whats newer and better this project is coming up with and finally your gut feeling. But do remember you can still lose so keep in mind it is a risky world.

[timmmers]

The coin is as strong as its community. Check all social media accounts they have and try to recognize if the community is the only group of speculators or active users. The speculators will leave the project as soon as the price starts falling down, while the active community doesn´t care much about the price.