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

[SacriFries11]

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.

I didn't know yet about the Bluzelle but based on your opinion their doing a great job not every projects follows their roadmaps. We should be more theoretically and have always basis when investing. Factors that will help us to have foundation in every projects that we want to invest. Project team is very important in managing a good projects. You'll see how dedicated about their commitments. Whitepaper and the product will be a big factor we should consider in investing. Continuing developments and manage to give their investors and users what they really wanted.

[1715672290]

1715672290

[Silberman]

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?

Doing our best to not get scammed should be not only the first step it should always be on the back of your mind whenever you are thinking about investing in new projects, the truth is that with so many scams in the market it is important to always keep ourselves in check and if even the smallest thing seems out of place then we need to restrain ourselves from investing in a new project, it is true that this kind of thinking will prevent you from investing in some coins that could pump but you must remember that once you lose your money everything is over and you get no second chances, so the most important ability that any investor should have is to take care of their money no matter what.

[semobo]

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.

Investing on a coin only after it get listed on the reputed exchange is much safer in terms of capital loss, but lot of people like to invest on the presale itself for getting it cheaper but the fact is it won't work 9 out of 10 times.And you got the point the volume does a lot more matter compared to price of a coin or token to identify whether it is worth to invest or not.

[Danslip]

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.

Investing on a coin only after it get listed on the reputed exchange is much safer in terms of capital loss, but lot of people like to invest on the presale itself for getting it cheaper but the fact is it won't work 9 out of 10 times.And you got the point the volume does a lot more matter compared to price of a coin or token to identify whether it is worth to invest or not.

No need to wait for the exchange listing because Telegram has been "approved" as a marketplace for pre-sale tokens. If the project delay the listing and investors are tired of the exchange promises, they announce the cheap price in social media groups. Who guaranteed the token price will be dumped or pumped after the first listing day? It is gambling not trading or investing.

[Mpamaegbu]

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?

Well, while we give pieces of advice here, it should be sounded clearly that each user will make contributions to this topic based on how it affects them. For me, the first red flag would be never to invest in ICOs. Quite alright, I know a lot of projects may think my advice is a spoiler for them but I write from an experience of hurt which I don't intend to repeat. Secondly, if you must invest in ICOs, then research the project to make sure it has utility and not hype. Hypes fade but utility sustains a project. Take your time to trail a project for as long as you can to get satisfaction before investing.

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.

Definitely, going by that, you would have missed out on certain great projects. Did you check Harvest Finance (FARM)?

8. Check their total supply  

This is a nice point to take seriously. The total supply gives you a rough idea of what price range to expect, either for entry or profit.

[nikki4]

ICO can not attract investors anymore. IEO took the place and its a confirmation of listing. But we should be careful when choosing a project to invest in. Check token supply, their activity in social media, token use case, and development plans in their roadmap and check out for team members. Also, check their whitepaper too. If all are legit then that project can be a good one.

After checking everything, still some bounty can be a scam. That is the reason I follow only partnership. Big or legit projects must have some good partnership. By taking some time roadmap, white paper or team members, all can be made without partnership. By this process you can invest in some ICO, although IEO can't better option all the time.

[semobo]

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.

Investing on a coin only after it get listed on the reputed exchange is much safer in terms of capital loss, but lot of people like to invest on the presale itself for getting it cheaper but the fact is it won't work 9 out of 10 times.And you got the point the volume does a lot more matter compared to price of a coin or token to identify whether it is worth to invest or not.

No need to wait for the exchange listing because Telegram has been "approved" as a marketplace for pre-sale tokens. If the project delay the listing and investors are tired of the exchange promises, they announce the cheap price in social media groups. Who guaranteed the token price will be dumped or pumped after the first listing day? It is gambling not trading or investing.

Don't use social media as a marketplace platform where most of them you are seeing are going to be scammers.And why someone should buy a token from random person which doesn't have any value, it is okay to buy on the presale or public sale but never buy a token which public sale already ended and waiting to be listed on exchanges for a while.

[chikator]

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 first thing i look for is the background of the team working on it. Second is if the project is sustainable and could hold up to the future. Potential is everything, as long as i believe on the project enough, investing is worth a try.

[int03h]

I often consider various factors to invest in a project. If it was a new project, I would review their ideas, the project's team, their partners, the ICO plan, token allocation, and the community's response to the project to review the short-term investments.
If it's an old project, we need to see the source code, just good source code and they have a product then people will need the project's token.

[LogitechMouse]

I don't invest most of the time in altcoins because I'm heavily invested into Bitcoin.
I bought some altcoins already like ETH and Litecoin etc. and I have only two bases whether it is worth investing or not.

One is how long the altcoin has been there already. I mean is that if an altcoin is there for a long time already, it has many developments already and it is trusted by many people so there is very low to no chance that the coin will drop to zero or at least will become a scam coin in the future.

Another basis that I'm using although this isn't important is if the altcoin is eligible for staking or not. I often hold altcoins for years and staking will give me at least some profits while holding it. Its like dividends in the stock market .

[Silberman]

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.

Investing on a coin only after it get listed on the reputed exchange is much safer in terms of capital loss, but lot of people like to invest on the presale itself for getting it cheaper but the fact is it won't work 9 out of 10 times.And you got the point the volume does a lot more matter compared to price of a coin or token to identify whether it is worth to invest or not.

The problem is that many people are looking to make profits with a capital that is simply too small and they are trying to do everything in their power to earn a lot of money, this means that they will take the risk of buying a coin before it hits a reputable exchange and while sometimes this can pay out great dividends the truth is that for the most part anyone that does something like that will lose money, and the worst part of all of this is that instead of learning from this mistake those people will begin to blame the market when this is clearly their own fault.

[djmixen]

Investing into most of the altcoins is much more risky but that's fine if you are a risk taker, but if not better to invest into top most popular coin like Ethereum, Bitcoin, Link, Bnb, Busd, Kcs and Xrp because these are most likely worth to invest if you here on cryptocurrency business industry, just a thought.

[EmmaGod]

There are a handful of checklists on how to choose a credible project, but be mindful of the fact that there's no guaranteed approach. Some projects still find a way to pass on these several checklist and are not credible.

One of the most important factor to consider is the whitepaper of the project. You need to be certain that the whitepaper wasn't plagiarised, because most mischievous projects don't go through the hurdles of getting a whitepaper, they just copy the information from different projects.

Another factor to consider is the social media handles of the team. The team members LinkedIn profile should be reviewed and the posts and articles written in the past should be reviewed. If the profile is recently created, that could be a red flag.

[darewaller]

Another basis that I'm using although this isn't important is if the altcoin is eligible for staking or not. I often hold altcoins for years and staking will give me at least some profits while holding it. Its like dividends in the stock market .

But that said, staking coins also need to have a solid plan because staking of coins often brings the price for the coin down so you have to be very careful, I mean if the value of the coin decreases by 10% and you earn like 8% staking rewards per year then you are actually in loss while you have more coins but the value of the coins is actually low. This has happened with me a lot of times where I believe I have more coins than before but the actual value was actually going down.

One is how long the altcoin has been there already. I mean is that if an altcoin is there for a long time already, it has many developments already and it is trusted by many people so there is very low to no chance that the coin will drop to zero or at least will become a scam coin in the future.

Right but the problem is these coins will never jump too high being so long in the market they have a solid market cap and even if a massive development or work is done around the coin still the price will only increase by a slight margin. But yes the price won't go down either like you mentioned so it is for people who want to invest safe.

[Stavri]

Depends on so many things. if i plan to participate an ieo or ico i check the team, allocations, cap etc. But for daily trades i usually check the charts. If the volume is good, 2H charts are the key for me.

[pokeronlinestatus]

I often consider various factors to invest in a project. If it was a new project, I would review their ideas, the project's team, their partners, the ICO plan, token allocation, and the community's response to the project to review the short-term investments.
If it's an old project, we need to see the source code, just good source code and they have a product then people will need the project's token.

Along with the points you mentioned I always check the previous record for the core team members because while big names usually bring success to any project but having a past record with successful projects gives me a better idea of their planning and how they approach development. They can make as many promises they want but the actual work which is development on the given plan is the key and that requires some past experience or at least knowledge and the right developers and people around the project.

Like Gavin Wood is a known name and brings success where ever he goes so a project like Polkadot might be a good option and I trust such projects.

[desticy]

In my opinion, the most important thing in any project is technology. The more modern and future-oriented it is, the higher the likelihood that this coin will have opportunities for good growth, as it will be in demand in the market.
Try to look for projects that solve specific issues and are aimed at solving specific problems. Unique projects that solve unique problems.

[24Kt]

In my opinion, the most important thing in any project is technology. The more modern and future-oriented it is, the higher the likelihood that this coin will have opportunities for good growth, as it will be in demand in the market.
Try to look for projects that solve specific issues and are aimed at solving specific problems. Unique projects that solve unique problems.

Unfortunately, most projects can create good whitepapers stating their advanced technology. But the common problem among them is the actual implementation. For me, it is better to invest on an alt with existing application, where the technology is already being used in the market. And the bonus part is - if they have active users already. If those are being met, for sure, the project will survive as they have demand in the market already.

[ololajulo]

It is the most difficult part of investing in this space. If one follow the so called expert opinion every time in investment you can still be scammed, experts will still blame for following blindly with doing your own research. Most times I start from the expert opinion to doing my own research, looking for weakness in their choicest projects. My focus is mainly on the team and Idea, If I dont find a reliable used case and also unfollow any previous failed idea

[BITCOIN4X]

It is the most difficult part of investing in this space. If one follow the so called expert opinion every time in investment you can still be scammed, experts will still blame for following blindly with doing your own research. Most times I start from the expert opinion to doing my own research, looking for weakness in their choicest projects. My focus is mainly on the team and Idea, If I dont find a reliable used case and also unfollow any previous failed idea

Of course, nothing could be said for sure in this room due to its volatility. We can choose the top 10 coin or token based on the ranking in CMC, but still have some risk. Making the right choice in crypto is difficult, but in the long run I would prefer bitcoin if I wanted to invest large amount. Bitcoin is the right investment choice for all investors in the long term and can also be used by day trader to seek a small profit. The trading feature at that time was very helpful for day trader even though price were down.

It's not fair to say that all new projects are bad because some of them are still pretty good as option, but in fact many DeFi project that were successful before have fallen by 90%. In the long run, I think DeFi is no different from ICO and IEO because they cannot sustain their market price in the long term. Defi investor only want immediate profit and they won't wait any longer for a higher ROI.