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

[alisonwonder]

Well if you still new here maybe you should play safe. Just put your money on ETH or BTC. Its way more safe dont take any risk. Its hard to determine the project legit or not. Even when we already do research there is a possibilty the project turn into fraud. So, just play safe for a while.

Of the two coins that you mentioned, I prefer to keep my assets completely in bitcoin because I really believe the price of bitcoin will be very expensive because of the influence of an already depleting supply and it will be increasingly difficult to get bitcoin so that it can have a strong influence on the price of bitcoin.

[barbara44]

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.

Also the past experience of the team's core members as they need to have some experience before they can execute those big plans. I have seen many tokens like Flux token (flux.fund if I remember it correct) was one project which felt like really good but it died without any development because the team was too inexperienced to handle such a project and the owners despite having a good plan and I felt like they had the right intentions too but they never were able to execute maybe solely because of their inexperience.

I like projects where an experience team is working if even they are lazy they at least have experience behind them which will automatically enable success once they all come together.

[dhemasm]

For me, There are some things before i investing on trade an altcoin. If for short term i just see Price History 7 days before and the sell & buy wall but for long term we need to do deeper research. First maybe people behind it if that has strong experience, ROI from ICO/IEO/STO Price, Platform/Ecosystem or any development progress and patnership, Basically there the other factor too but for me it's the most important especially for investing for long term, Do you guys have any other advice?

[BayAngelo]

First and fore most. Learn about investing. make sure you upgrade yourself with the fundamentals of investments. there are ups and down. when it comes to crypto, do your own research. also learn the basics of trading and investments in cryptocurrency. most New starts ups are hungry to make money and not to build a solid project. the most important aspect of investing in any crypto currency is invest in what you can loose.

[arbifahrozy]

before start investing on cryptocurrency maybe we need to know what investment is. investing on cryptocurrency is quite risky. because too many fraud project that want to deceive you anytime. so, the best way to invest on cryptocurrency is play safe. put your money on top 10 altcoins or maybe you just buy eth/btc.

[Pamadar]

For me, There are some things before i investing on trade an altcoin. If for short term i just see Price History 7 days before and the sell & buy wall but for long term we need to do deeper research. First maybe people behind it if that has strong experience, ROI from ICO/IEO/STO Price, Platform/Ecosystem or any development progress and patnership, Basically there the other factor too but for me it's the most important especially for investing for long term, Do you guys have any other advice?

There are lots of factors to consider what is important is you are doing your research and you trust your own assessments, there's no accurate outcomes as crypto mostly relied with speculations, your own observations and your own decision are very important during the period of your investment.

Keep being opened with any changes and plan your position from time to time, always have a sets of back up plans in case you read the situation wrong and things is not favoring your investment.

[Kang TB]

Yeah, lot of scam ICO projects were causing bad image on investors and people who came into cryptocurrency world.
I think we can't determine the coin if it is worth to invest or not unless we are really know about the coin project.
This should require our time to research toward the project of the coin.

there is a simple way if an altcoins is worth investing my friend,
for me if an altcoins listed in the TOP 100 coins at coinmarketcap, the coins is worth investing
but maybe not for a risk taker the coins, because a risk taker will find a cheap coins with huge potential to grow in the future

[Chuky92]

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?

Most times, it is deeper than we think and most times it also requires simple understanding. As for the first, there are projects which will succeed in listing and then the team will exit scam; you see unlike others that do not list, these ones succeeds in listing and yet exited scam, thus it was planned. On the other hand, is hype and nothing more, it is what has dealt with a good number of people; a clear case is the recent DeFi projects, where most people knows that some of the projects have nothing to offer but yet gets blinded by hype that they didn't pay attention.
So what I can say from all these is, in any project monitor the team even if you are holding for long term or short term and once things starts getting weird, sell offf immediately. Also, make your due diligence about most projects which do not have appropriate use cases, you will be surprised that they have bad motives.

[republicrypto]

If you don't have enough knowledge how to determine a good altcoins,,
Just drop your money to the Top 10 crypto at cmc excluding bitcoin
 Thats the simplest way to invest in altcoins my friend
Regards

[Xembin]

I think it is better you invest your money in a project you really understand than the one you don't know or have any idea. Many people lost their money for new project they heard from other investors that make them not to do their personal research before carry out the business that collapse their business till now.

[trauchot]

Now you shouldn't pay any attention to cryptocurrency companies that conduct ICOs, because most companies are just scammers and they will only steal your money, so you should invest only in IEOs on top cryptocurrency exchanges like binance, and then you will not have to be afraid of losing your investments and will you can start receive income from your investments in IEOs.

[redsun114]

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

I can show you projects with great Roadmap, vision and it almost seemed like this is going to be the next big thing but the token value fell apart because of some suspicious reasons which I believe are:

1- Spending too much tokens in bounty and the bounty hunters will never let the token grow.
2- OTC deals being done so much that the coin is basically dust and no matter how much work is done it won't lift itself.
3- Developer funds allocated being used as soon as the token got listed.

I really stopped investing in ICOs lately but if even I do at times when I am too tempted I don't invest much and try to earn some free tokens by working for them.

[South Park]

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.

While it is true there are many steps that can be taken to determine if a project is good or not in my opinion the first question you should ask yourself is if the people behind the project are scammer or not?  That is the most important question so you need to check if they are who they say the are and if their credentials are what they claim to be, then check the project itself and see if it is legitimate, not surprisingly most projects do not pass this simple test and over the long run it will save you a lot of time and money.

[slashz9]

I think altcoins that are at the top of the market are worth investing in, so I'm not too scared.
unless you want to get profits quickly, by following new ico projects and of course with a big risk too.

[fosco333]

Actually, no one can know if the altcoin is worth to be invested or not, unless they really know about the coin.
To know more about the coin, we must take some time to looking for the project on the coin, no other way.
The specs of coin, the team behind the coin, the project planning, etc which we can find it usually in the whitepaper.

[santiPOGI]

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?

Because of volatility it will be difficult to determine if it is worth to invest or not. Perhaps, if they are updating their community about
the progress and development of the coins they are promoting it and the demand is quite good I could say it is one of the good investment based on my experienced.

[weborsha]

If a coin has been traded for a long time it will be enough to analyze the chart and take a look at telegram group. If you see that a coin has a low price at the moment and admins communicate in the group you could buy a coin. it is my scheme and it seems to work.

[fammy]

I made sure that before I invest in an altcoin I make deep digging and as we as many researches so that I can know what is the strength and weakness as of this altcoin. Also, I tend to check several reviews on my prospect altcoin by some of crypto enthusiasts and those crypto-rating websites.

[bayu7adi]

Analyzing the available data is a must for investors. The first thing that must be on the checklist is the team and developer profiles that can be seen publicly and are valid. This is very important to avoid fraud.

Then the second is the progress of the project. If the team and developers are not very active in developing the project, then chances are they are planning something that could be outside the roadmap.

[devil2man]

to avoid losing your investment you have to choose well which ico to bet on and to do this you have to do your own research to see if the team proposing the ico has already done other previous ico, if yes, if they have been successful and if they have technical skills in the proposed sector and if the basic idea is valid