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

[rexxarofmoknathal]

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?

There isn't a serious check list but there are certain factors I personally consider before investing into an ICO. These are as follows:
 - team, are they well known members of the community
 - how transparent are they about the project, target goals and team
 - the amount raised
 - amount of tokens, and ratio used for public sale
 - transparency around social media accounts and whitepaper
 - rating given by other members
These are some of the things I consider, I might have missed some but that's what comes to mind right now.

And, I think the biggest red flag people tend to fall for is the multiplier, and this goes hand in hand with people thinking that if they invest in an ICO, specially DeF they are guaranteed profit. Of course, this is not the case. Only good projects will make it.

[oscarftw]

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?

Without any doubt, we can find a single campaign anytime to invest our money. Dfinance and Markaccy are some of them. Why I suggested this campaign, I have my vision but you shouldn't believe in other research. From the best results to research check altcoins discussion. I'm sure you won't miss any projects to research from these sites.

[Silberman]

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?

The most important thing is if you catch them in a lie regardless of how small it is, for example if you find out their white paper has been plagiarized and then they give an excuse about it, should you invest in this project? The answer is no, if they have no qualms about stealing the work from other people then most likely they have no qualms at all about stealing your money, so look for any discrepancy between what they say and what they do, this small advice will be enough to disqualify up to 95% of the projects in the market saving you a lot of time and money over the years.

[2bfree]

I hate to say it but a huge % of projects are just scams in the Crypto universe so step 1 is try not to get scammed. If you learn step one then do all other stuff that is needed but first is it a scam?

[GoldenAge Coin]

I think the best formula is to keep looking at news and all major happening, if we manage it successfully, it will automatically help us gain. However, if we are unable to do that then we will only end up losing badly. I always do it smoothly through E-Crypto News, where all is made simpler. It is an ideal Crypto assist for all Crypto Investors in developing profitable cryptocurrency portfolios through the provision of major information. So this helps me stay updated with all happening.

[Pompa]

We should active first in reading their platform, search any information about the coin. Conversation in a telegram must help also, take some info those who made this coin, ask some advice to the family of investors.

[AmoreJaz]

I hate to say it but a huge % of projects are just scams in the Crypto universe so step 1 is try not to get scammed. If you learn step one then do all other stuff that is needed but first is it a scam?

and not to get scammed means don't invest on them? 

but on my end, at first glance you will already see the potential of the project, whether it is for long term or not. maybe it is the experience that taught us how to spot a crap or serious project. also, one easy way to check is that if they have active use case and of course active users of their platform. without application in the market, they will end up in trading and will be dead after few months.

[NavI_027]

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.

You actually said the answer already. You mentioned that a lot of investors are scammed by the ICOs which is absolutely true. In that being said, my criterria is very simple. If it's new (an ICO, Defi etc), I will pass; if it's old and famous alt or btc, it's a big check. I'm not saying that all alts sprouting nowadays have no value, what I'm only saying is it seems that majority of them are scam thus getting a small chance of earning if you pursue it. If you want to play safe then follow my advice but if you are adventurous and willing to make risks for greater pumps then go ahead. The future of an investor depends on his own actions, good luck .

[maxreish]

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

 When choosing a good coin to invest, we shall always look for the coin's objective and products. As well as the team and the whitepaper. Also, the transparent progress and development of a project should also consider so we may track if the coin has a good use in crypto market.
 
 
 

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

 Often times, they fall for the false hype. Also, lack of knowledge and just goin into the flow that leads them to failure investments.

[Ridwan Fauzi]

You have to design first your intention before you spend money. There are two strategies long term investment and short term investment. After you have choose one of them then you can find a coin to store your money. I myself always find a coin who has good community, good feature and has a real use case and I'll choose this coin for long term investment.

But, for short term investment I'll find a coin that is being talked by most people. Like now, DiFe project is being talked by most people, I'll choose one DeFi coin and storing money in it and I always set the target profit that I want. So as when the target profit was achieved I'll find another one and I'll repeat it until the hype is over.

[Leonard2016]

These days the best altcoin you can hold are stable coins like USDT , When market is calm and less volatile you can think about holding some altcoin with a good team , good MPV , etc , but in a bloody market, even the best ones would fall , as they all follow bitcoin chart , I would rather play safe .

[Zazzu]

I check it out with my friend that he is good with researching, also you need to have some whale friends to know if they are dumping their seed tokens or not , after it you need to check the team , white paper, and road map, if all of them are good, you should be good to go .

[ampu]

I often choose projects that have good, novel, and workable ideas. But what is more important is who runs the project, who are their partners and investors. These standards are used by me when investing in a new project.
For older projects, the source code is the most important. If the source code is not developed or updated, the project is not worth the investment.

[justdimin]

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?

You do not really need to "trust" a coin if you do not invest into small tiny brand new things. Do you think I have any worry about investing into bitcoin? Bitcoin is the king of all coins and I do not feel any problem at all when I invest into it. Same goes eth, dash, bnb, ltc and stuff like that because these are already established and good coins so you shouldn't worry about putting your money into them.

If you think about it, dividing money into all these (obviously giving bitcoin the biggest pie) you could actually make sure that you have a very strong portfolio, and if you have a strong portfolio you do not have to do anything new, all you need to do is just wait and eventually these will go up enough to make you quite rich, not bill gates obviously but rich.

[cryptoknightt]

If indeed you are not good at determining which projects are worth investing or not, then you should buy coins that are ranked or have high daily volume, because on average such projects will last a long time, such as ETH, BNB, XRP, XLM.

[kindbtc]

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?

First check the forum and other social media and blogs and estimate the reputation of the project, if someone has raised any serious concerns, suspicion or red flags about the project then just skip it even if it looks good to you because in my experience if even a good project faces fud at the start it is very hard for the project to clear itself so it struggles and mostly if we see scam accusations at the start there is definitely something wrong with the project and it will prove to be a wrong project so stay away.

[gaston castano]

I am assuming a good project is one that can last a long time, and is not created or increased in a short period of time between 1 to 3 months.
like ETH and other alt that are at the top ranking is a good project, and you don't have to worry about investing in the project.

[Gozie51]

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.

Nice and in addition to that if it is a bounty coin, I consider the BM too. We know bubbalex is doing great in the bounty side.
I also check the total supply. Then use of the coin and tech.

[Anyobsss]

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.

Nice and in addition to that if it is a bounty coin, I consider the BM too. We know bubbalex is doing great in the bounty side.
I also check the total supply. Then use of the coin and tech.

I think this is not the right way to determine if an altcoin is worth investing in. I think you should focus on what the project is offering. Yes, that team experience and competency is a good basis however, if what they trying to develop is no different with others. I'm afraid that they will not get any investors and their project will eventually fail. Most coins who became successful have offered different and new features.

[Coyster]

I check it out with my friend that he is good with researching, also you need to have some whale friends to know if they are dumping their seed tokens or not

Mind you that leaving your research for your friend(s) to do is pretty bad when determining an altcoins worth, as an investor, it remains your duty to do your research all by your self (meaning DYOR). Do not for all that BS that there are particular people who are experts/good in research, if you want to invest your money in a coin, do a research on the team, their whitepaper, etc yourself.

That being said, I don't understand the part you said "one needs a whale friend", do you advice investors to search for whales, I don't even think whales make themselves known, it's another terrible advice, novices can fall for scammers who could pretend to be whales if they try to follow this advice.