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

[militiariko]

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 are several factors to be considered before investing in an altcoin, and the present trading price is not one of it. You need to dig deep into the tokens, check its product, is it achievable? can it garner intereactions? vibes? Study the trade history, charts etc AND and be sure to buy the rumours and sell the news.

Make a long list of tokens to invest in, and trim it until you find the gem you want to invest on. Always do your own research

[pilosopotasyo]

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?

It's not 100% guaranty that the developer will not run away even if all the sign that the project and all the people behind them are all legit, because there is no regulatory board or police that will run after those who will run away with people's money, so only invest what you can afford to lose.

[lienfaye]

Nowadays its hard to determine if the project is legit because scammers are smarter now for their project to look real, thus doing an extensive research is important.

Check the team behind it if they are transparent to their background, its an indication for us if we can trust them by verifying their identity and previous projects.

Projects with potential will make their own way to be known and be succesful.

[coin-investor]

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.

I also don't recommend advice coming from friends or even if that friend is a whale, they have their own plan when investing and that plan might be in conflict with your own plan, it's better to do your own research and do not rely on some people's research that you are going to adopt,it might work sometimes but it will not work all the time always be in control of your investment.

[iTradeChips]

The most common things that we check on a certain altcoin project, in my opinion would be the project team, the roadmap, and the supporters or social media groups related to the project. But we need to be wary because even if a project has many fans in social media, it does not mean that the project is good. Keep your money safe by investing wisely.

[bitgolden]

Usually if a coin is really good that means I should be able to find the reason for why it is good quite easily and not have to be convinced. You know those coins, the small specially new ones, you see them when they are at their weakest and people "explain" to you why they are invested into that coin and they try to convince you to believe the same way as well and act like they don't care if you don't.

If a coin is good, I should see why it is good myself and believe it without anyone having to convince me on it or answer my question about bad parts of it, because it shouldn't have any. Doubt is not something you should have, if you doubt a coin that means it is not good, you should love the coin you are investing, you should be shilling for it. Which is why I invest into high level coins only.

[ameliana]

You should know that investing in cryptocurrencies is high risk, but if it's about advice then I would only recommend the top coins in the crypto market. In investing there is no guarantee that your money is safe, but at least if you take part in the selection of the top coins then you don't have to worry especially about BTC / ETH.

[Radio-Active]

The most common red flag for the scam project is the plagiarized whitepaper contents, even in only tiny amount of it.
Then, the photos of team member, scam projects often using picture from other's as their team member photos.
Investing in cryptocurrency project requires some time to research on the project. Even if the project is not scam, we won't know if the project will become success or not in the future.

[maydna]

The most common red flag for the scam project is the plagiarized whitepaper contents, even in only tiny amount of it.
Then, the photos of team member, scam projects often using picture from other's as their team member photos.
Investing in cryptocurrency project requires some time to research on the project. Even if the project is not scam, we won't know if the project will become success or not in the future.

If it's about a new project, I would not think much to invest in that project. I better invest in the other project to analyze the movements because many other altcoins have a good move on the market. But if that is the new project which is a newcomer in the market, that will need more time to find the altcoin to invest.

I only stick to the altcoin, which has good moves before to analyze the moves, and I can decide to invest or wait for more. It is not easy to determine which coins because we will sometimes feel confused to select one or two currencies. Sometimes, our feeling can take part in choosing the coin.

[Kotone]

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?

Determining coin potential is based on the ability of that project to show their strength from concrete information such as whitepaper, team info and their experience, good tokenomics and a better marketing. Some of the projects should also show the use cases of their project.

[southerngentuk]

Right now, I think the best is to keep your money in cash, bitcoin is falling and taking altcoin down with itself, it is not just bitcoin, the global economy is failing somehow because of the corona, and it has affection on bitcoin.

[optimisticcm]

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?

An altcoin project coming from authentic team or someone already associated with some other successful project or a project by an experienced person always gets the attention even before the launch. And most of the media outlets in this niche start righting about it. So if you are active and stay updated with what is happening you cannot miss out and you will find the right project before the masses get to know about it.

[imstillthebest]

It's very easy to make money when the market is growing. When bitcoin moves up, it is followed by all altcoins, regardless of whether they are valuable or not. In this case, it is very easy to get a profit. But when the price of bitcoin falls, it is very difficult to choose a promising altcoin, because they are no different from others.  

fall of the price does not affect the real value of the coin but fall of the price is a plus point to us to purchase those real valueable coins .

Right now, I think the best is to keep your money in cash, bitcoin is falling and taking altcoin down with itself, it is not just bitcoin, the global economy is failing somehow because of the corona, and it has affection on bitcoin.

why not keep money in stable coins instead of cashing them out since you are already in here on crypto but those that who keep in cash are mostly people that are not involved in crypto  . the effect of corona to btc is already over  , now btc falls and i dont think corona is still responsible for it   .

[Kasabus]

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?

An altcoin project coming from authentic team or someone already associated with some other successful project or a project by an experienced person always gets the attention even before the launch. And most of the media outlets in this niche start righting about it. So if you are active and stay updated with what is happening you cannot miss out and you will find the right project before the masses get to know about it.

An investor who is more focused on the updates of the potential project he is going to invest is more likely not to be scammed. But if you just put your money because the project seems to be authentic and has high potentials to succeed without even researching the team behind the project, then scamming usually happened. Even red flags nowadays are not reliable because scam projects usually look perfect in the eyes of their target invetors.

[kingzpro]

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 extra or unique features that are not available in other projects always give an extra edge. Secondly you have to keep in mind the market and how effectively the coin has the capability to create its demand and market. If the project and team fulfills these criteria then definitely it is worth investing project.

[Xembin]

There are many ways you can determine if altcoin worth such investment.
1) personal research: Whith the research you carry out by yourself in altcoin platform can help you easily to know the right exchange to enback with that will bring you a great profit in return.
2) Environment : Before  you enback with any bounty campaign,the way they carry out their campaign in the forum can make you have in interest in their bounty campaign.
3)information : with the information you gather in th altcoin discussion can help you to know the altcoin that is good to invest in the time of investment. It can also help you to determine the right project to use.

[MCobian]

My advice is to avoid investing in ICO projects, because until now 99% of ICO projects are scams. If you want to invest in new projects,
you can choose IEO or DeFi projects. If you want to invest in IEO projects you can choose popular and trusted exchanges such as Binance,
KuCoin and Okex. For DeFi investment there are no specific criteria, just my advice is not to invest in large amounts, because DeFi price
movements are very difficult to predict. So it can pump and dump suddenly.

[lienfaye]

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 extra or unique features that are not available in other projects always give an extra edge. Secondly you have to keep in mind the market and how effectively the coin has the capability to create its demand and market. If the project and team fulfills these criteria then definitely it is worth investing project.

Indeed, most project nowadays has the same features. So if one can offer a uniqueness then it has a high chance to stand out and succeed.
Thats why I prefer the old coins, because they survive regardless if the market is in bullish or bearish status.

[Buntond]

starting from the team & developer background in managing previous projects, then based on what products they offer to the market, whether real use cases or not. yes, that's my first reason before investing in cryptoqurrency. especially about coins with real use cases.

[gwapoinside2]

The best way to determine if the coin is worth investing is to always to have deep knowledge about the project. Do a personal research and don't be influenced by hype created by others. Check the team running it if they have good track records on their previous projects. Also know the development of their product or services if they have a very good development plan in the future. The way they manage their community is also very important for an investor to consider.