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

[ice098]

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.

Of course you will check first the background of that altcoin you choose  to invest with. Second, it is a big factor to consider the developer background and how appreciably economical the products of that altcoin are. I'll bet that every altcoin has the ability to become productive but then all of that success were depends upon how successful the background of that crypto was and depends also upon the developer.

[deathcode]

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.

old coins are safer, especially for the long term. but that does not rule out new coins also have potential. but it would be better to use it for a short period of time. I sometimes get attracted to new projects for just day trading to take advantage of the hype that often occurs in the new coin market. it's fun to get profits in a short time and the important thing is not to play too long. after the profit then immediately quit the game .

[vSliceDev]

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.

[Kong Hey Pakboy]

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.

Of course you will check first the background of that altcoin you choose  to invest with. Second, it is a big factor to consider the developer background and how appreciably economical the products of that altcoin are. I'll bet that every altcoin has the ability to become productive but then all of that success were depends upon how successful the background of that crypto was and depends also upon the developer.

Indeed. You will check the coin's background first before investing your money to it, such as reading the whitepaper, light paper, and website. You will also check it's team members and developers if their pieces of information are legitimate and active to develop their coin to make it promising or successful in the long-term, just like top altcoins in the market. You can also see in this forum that some crypto experts are suggesting good altcoins to invest your money with.

[Rachyme]

I have been a victim of fake projects in the early days of my crypto adventure. I have learnt my lessons. Before considering doing anything with any new projects either for investment or promotion, I will have to put the following factors into consideration:

1. I will check their website and their whitepaper for grammatical mistakes and I will also check if the website is highly professional.

2. Check if the project is viable and the economic important

3. Check for their competitors  and what they are offering to beat their competitors

4. The strength of the team: In this aspect, I will research the team members one after the other to know much about them and their professionalism

5. I will also check what they have been doing before now from their roadmap.

6. I will check for reputable partners and I will ascertain if the partnership is genuine.

7. I will check if the project has good social media communities for useful engagement of its community.

8. Check their total supply  

[EMV]

To invest in altcoins, you need to know what function it performs.  If this is a project token, then this project must be in the information space.  I think these are the main parameters.

[Freescan]

for me personally, investing in cryptoqurrency based on real use cases like BTC, ETH, EOS, BNB, TRON etc. they have real products, have their own platform, they are also among the top coins in the market, have large users / investors, and that was one of the reasons I was before investing in cryptoqurrency.

[livingfree]

1. I will check their website and their whitepaper for grammatical mistakes and I will also check if the website is highly professional.

It's important to look at this factor but there are scammers who have good grammar and professionally made look website and whitepapers.

4. The strength of the team: In this aspect, I will research the team members one after the other to know much about them and their professionalism

This is the total obvious, if you see the team looks like copy-pasted pictures from the internet, never trust them.

[KimmyF]

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?

Of course you learn more than you think about cryptocurrency, if you are here with us. Although you already know about red flags extra. Our minds are changing all the time, before and after success a project. That's why legitimate projects should have included a strong team. After listed several exchanges I chose a coin for a long time.

[CaVO32]

1. I will check their website and their whitepaper for grammatical mistakes and I will also check if the website is highly professional.

It's important to look at this factor but there are scammers who have good grammar and professionally made look website and whitepapers.

4. The strength of the team: In this aspect, I will research the team members one after the other to know much about them and their professionalism

This is the total obvious, if you see the team looks like copy-pasted pictures from the internet, never trust them.

A lot of projects with well-written and comprehensive whitepapers have exited as scam. So I think, this is only one factor to check but not a good measure if the project will be a potential scam or not. I am more on the actual app or services offered by the project. If they have real use case with active users, not just bot users, I believe success is forthcoming in their platform. But you need to follow thru, because some of those users are only active at the beginning, check the sustainability of their application. Can it keep those active users?

[xiboothrezi]

Those who are caught in a project scam basically they also do their own research but as we know, even research is still not enough for us to avoid a sweet promise that comes from a scam project. So I think it is difficult to avoid a scam project, because several times I even come across projects that are even done by trusted people, but that still doesn't guarantee the project will be good in the future. Getting a quality project of course with a research still requires a lucky factor as well, and I'm only seeing what I've found and experienced so far, because some successful investors have had good luck even though all of them do their research first.

This is indeed quite complex and complicated. You are right, even people who have done the analysis can be trapped by a scam, this is proof that the crypto world is full of unpredictable things. Luck also plays a big role, even projects that previously doubted could be a big success in the future, some have continued success, some are temporary, such as a coin pump and dump.

Then, how do you judge whether the project is worth investing in or not? 1) I see the products made, 2) the activity of the team in informing the project, at least there is progress reported every week, 3) supporting partners.
The thing that is no less important is that we have to update information, news, roadmaps, etc. The point is that we really understand what we are going to invest in order to get the right timing. Understand that everything has risks.

[djmixen]

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?

If cryptocurrency is mostly unpredictable in terms of their prices in the market due to its volatility, perhaps the same goes for investing in any of the coins in the market as well. Therefore, to find out if it is good or not is too hard to trace so far. Even you check their background it wouldn't be easy to determine if it is worth to invest instead it still remains questionable of course due to it was money involved.

[Johnyz]

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 have to create a unique ways of finding a project as a worthy of your money, In my case I mostly do research about it and also ask other people about the specific project.

If the team developer is well active in cryptocurrency and they really exist, mostly they are good to work with. Also, if the new project offers a new product or services in the market and not just the same of many scam project. I rarely invest on a new project, I usually wait them to be available on exchanges so I can analyze further.

[Francis Freeman]

I look at older projects to invest it which have matured and have a working product. Loon at their initial white paper , look at the team and see if they kept their promises and developed the projects. That would give you a good indicator.

[Debonaire217]

Many says that it is the roadmap of the project that matters. But in reality, it is based on how well the team is complying to their roadmaps. Because most of the projects are showing good roadmap but as the time passes, they didn't work for the roadmap to happen. When they see that they reached their cap, they rugged and leave investors in the air with nothing.

So for me, I can say that an altcoin is worth investing in if I see it having a working team dedicated to make the project better by seeing them actively listing in exchanges, having partnerships with other projects and conducting AMA for the project. This way, you can trust the project as they are showing how well they really care for their roadmap to succeed not just those projects that aims to collect ETH.

[Nesbee2]

In my opinion, before investing in any altcoin I consider the activities of the team, the use cases of such projects and find out if they are following their road maps. When all these are in place I go ahead to invest. For instance I invested in #Bluzelle recently after following their activities, I noticed their mainnet was launched and staking began  when they promised to and the price of #Blz is growing organically not pump and dump. These are some good signs of a good project.

[livingfree]

1. I will check their website and their whitepaper for grammatical mistakes and I will also check if the website is highly professional.

It's important to look at this factor but there are scammers who have good grammar and professionally made look website and whitepapers.

4. The strength of the team: In this aspect, I will research the team members one after the other to know much about them and their professionalism

This is the total obvious, if you see the team looks like copy-pasted pictures from the internet, never trust them.

A lot of projects with well-written and comprehensive whitepapers have exited as scam. So I think, this is only one factor to check but not a good measure if the project will be a potential scam or not. I am more on the actual app or services offered by the project. If they have real use case with active users, not just bot users, I believe success is forthcoming in their platform. But you need to follow thru, because some of those users are only active at the beginning, check the sustainability of their application. Can it keep those active users?

I understand that #1. If you see a written website or whitepaper that isn't professionally made and written, that's already a sign and there's no need to waste energy looking at other factors.

But you are right that for some reasons, many are well written and good in grammars and well-made websites, it should be another factor then.

[ice098]

In my opinion, before investing in any altcoin I consider the activities of the team, the use cases of such projects and find out if they are following their road maps. When all these are in place I go ahead to invest. For instance I invested in #Bluzelle recently after following their activities, I noticed their mainnet was launched and staking began  when they promised to and the price of #Blz is growing organically not pump and dump. These are some good signs of a good project.

Well before you come up investing in one altcoin you must first read or even check its white paper. To be honest in white paper checking its grammatical error may determined the dignity of the said crypto. You also be able to determine by checking the activities of team, did they show any progress or did is there any chance that this coin may be known. For me, let the coin prove itself first before you take risk of invest on it.

[Wawa2013]

My analytical skills are not very good, so I decide which altcoins to invest in based on popularity and volume coins. From these two things,
it can be concluded that the altcoins are quite feasible for investment or not, if you are not sure you can see the social media, if the developer
team is still active. This is an indication that the altcoins are very potential for investment. Another thing you can consider whether or not
altcoins are worth investing in, is that they are listed on popular exchanges or not. If it turns out that the coins are listed on popular exchanges,
it is likely that the coins are profitable.

[cryyppton1]

  i would say  in my opinion the best way is to research about the project , check the activities  of the team and be sure they are developing the project constantly and  following their timeline.

Like me ,  I  saw  #Bluzelle, joined their social media and bought some $BLZ recently after carrying out  due research and seeing the huge potential of the project. Right now  it has  become the best decision i have made this year.

so make sure you follow any project you wish to invest in  for a while in their social media platforms and ask some technical questions the way they respond may  also determine the quality of the project and team behind it.