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

[lienfaye]

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.

You're right but its not easy to find a legit project with such aim or purpose. Scammers are also doing their best for their project to look real so they can fool investors.

For new projects, its best to look for the whitepaper, roadmap and their team, they should be transparent. The working product is whats important because the success of the project are partly depends here.

[tanjiran]

snip~~

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.

Moreover, the crypto world is very difficult to predict, even for experienced people. Things can change quickly just because of certain rumours or issues. Sometimes a project that is dubious at first can give you a nice surprise one day, and vice versa.
Now that Defi is indeed popular, the success of previous projects has made people competing to get the opportunity offered, without thinking about whether this is really legit or not. It is true, investors seem to be using this opportunity to make quick profits, not good enough in the long run, which is why many defi projects are in freefall.

At least, even though it is difficult to predict, we must have a strategy and a strong basis for analysis so that we are not easily caught in the trap of fraudsters. I also often learn analysis from experienced people or trusted channels, and most importantly we understand the risks.

[leatutz]

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.

I am determined by the "JUR" project. Any projects can be successful by their hard work. We should support the legit team and some big partnerships. Now I am determined by the confirmation of the top exchange lists. We have so many opportunities if we buy from the exchange because of volume, liquidity pool and the real supply.

[Genemind]

Most people avoid ICOs since they hype died last 2017. Only a number of ICOs hardly make it since that time, most turned up to be a scam, and a lot of ICOs failed due to investors losing faith on ICOs.

The best thing to do if ever you will invest in any crypto, whatever what form it is, is to review the white paper, check the team behind it, make sure it is not promising too good to be true returns or achievable goals in a short span of time.

[flyeers309]

To be honest, I am not interested investing in a new project because there will be a lot of things that we need to know deeply but to see how far the project is developing I think this forum is very good for finding discussions in their ANN thread, we can also learning from their roadmap,whitepaper, social media, Telegram group etc. And when there is a scam accusation opened, it has become a red flag itself and we have to be careful enough to follow the project, especially since the proof is really proven.

[manfredmann]

If you are new to investment I suggest you to invest in bitcoin. You know that cryptocurrency is very volatile in terms of market price and is also unpredictable even if you were able to join a good project still it will not be a guarantee for you to earn. Most of the team promise good return or profits but it will not going to happen. This is the usual scenario and all your funds will going to lose andyou just will going to wonder why.

Most likely team bringing up projects are greedy that instead of using funds to implement the project they run away and get the funds.

[(o)(o)ilikeboobs(o)(o)]

A project worth investing in should consider the technology factor and the parts they do. I usually choose projects that have stable source code and are updated regularly. Just looking at the source code we can see the project leadership team working.
New projects have a high level of risk because they are often overly exaggerated for their value.
For me, value comes from products, not beliefs. Currently, most ICOs and IEOs are high-risk investments.

[Byakuga]

You can detect if a project is worth investing money on by doing research the right way, many don't know how to do research the right way, they only check the availability of the team, roadmap and whitepaper, forget road map and whitepaper and look more into the team themselves, not all CEO and CTO are qualified to lead a new crypto project, make sure their experience are top notch.

[Mealea]

I think there are so many things t look out for to know if an altcoin is worth investing in, one of such is the developer, before investing in a project, we must check the history of the developer and see if there is any criminal record, we must also pay attention to the experience of the team behind the project, we also need to look out for the advisor to see if he or she has got enough experience to lead a project to the promised land, also take a look at the whitepaper of the project, look at the roap map and lastly, check if the project will be useful to the community.

[carter34]

Strange question. How do you determine if whatever is worth investing in? You can't really tell for sure, and what you may think is solid as a rock may prove to be a scam. Even if it seems like everything is going great for a while, devs can stop supporting the project and all of a sudden the project is dead.

There is nothing you could have a certain prove on to be sure the bounty or ICO is going to be a successful one. Many people use to depend on the roadmap but scam bounties plagiarize it too to bring fake project to you. Some many aspect to deceive people, and that is the unfortunate thing about the bounty.

[serjent05]

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

Here is my checklist of the things I look for to derermine if a coin is worth investing in:

1.  Practicality of the product.
2.  Capability of the development team
3.  Licenses and Registrations
4.  Partners.
5.  Marketing capability

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

People often fall for the "get rich quick scheme".  Many projects promised a good return making investors to flock in to their project.  Another thing is too much hype and shillings about the project.   This tend the investors to get excited and forget about being rational.

[South Park]

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?

Since you are newbie my recommendation is very simply do not invest in any ico or coin that has less than two years on the market, with that simple rule you will avoid 90% of the scams in this market, now I know what you are thinking, you are thinking about all the money that you are not going to get but instead you should think about all the money that now you are not going to lose, only once you have been in this market for at least one year you can think on investing on those coins otherwise stay away from them.

[acdc]

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.

Many projects say their technology will solve life's problems, but so far they only stop at words.
It will be a long time before blockchian technology can benefit our lives.
So at the moment it's best to invest in an ICO with a good development team

[MCDev]

There are many criteria to be able to evaluate a project, but when deciding to invest in an ICO I think should pay attention to the development team of the project. It is the development team that determines the success of the project, they are also the ones who give the advertising tactics and project roadmap.

[Kopetunto]

This is from my experience, whether or not altcoins are worthy of our investment seen from the roadmap,
if the project runs the roadmap and their team does exist, then I guarantee that the altcoins are worth investing in,this a first,
and second, is reading charts, even though you invest in good project, and you don't read chart analysis, then you will get stuck in it,
yeah, there are 2 important things, hope you understand

[qomariah95]

Actually, things like this have often been shared, what are the things that must be considered before investing. However, all major decisions are in the hands of the investor. Sometimes investing people want to find a short profit. so, they will follow the hype or trend now. Even though the risk is very high.

[cabron]

Try investing to a project that has already proved themselves in the market that somehow had developed products but is still not costly. How cheap is something you'd be considering though. A coin worth $3 still is cheap but for some, it's already a high price coin. Check the coinmarketcap for some coins with less price, there is ADA which is just $0.10 and Vechain seem to be the cheapest. These two tokens have about millions to billions of trading volume.

[konflikkastil]

I think the best way to go about it is to make a research on the so called altcoins. You don't have to go into what you have little or no knowledge about. If it's me, I will do my homework very well and also consider the risk if it's worth taking. There are some altcoins that has a record of mooning anytime, and that looks good that someone can actually invest into.

[Velvet78]

Before trading in the stock market, you should learn to read charts. The chart of an altcoin gives enough information about whether that coin is worth investing in. Investing without looking at the chart is like gambling.

[cryptonx]

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?

for me to determine if a coin is worth investing is simple my friend
first i will look into the project team, if the project team active to developing their project and the project bring new ideas and features not a copy cat idea from the old project, i think the coin is worth investing