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

[iTradeChips]

What about trying to invest in something that has already been proved trustworthy and has proven themselves in the market, has good performance, good community and also has good price that you can really consider buying. If you have good investment money then you can try to invest in some coins that are worth less than 10 dollars. But if you don't have that kind of investment money then buy the cheaper ones but the ones in the top cryptocurrencies so it would not be a hassle for you when it comes to making trading decisions.

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[jdnthny]

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?

I always do researching and digging of information regarding with my prospect altcoins which is very useful and helpful in my case because it somehow avoided me on several fraudulent and scam ICO.
I think one of the most common signal that I can say a red flag in an ICO is the project seems to gave many falls promises that is really eye-catching to many investors.

[Wulan_maniez]

Initially, the ICO tarnished its identity as developers fled investors’ money. That’s the risk if you invest in a brand new altcoin. But it’s legitimate to invest in a new brand of altcoin, although the risk of losing it is huge. You know it and you’ve committed to it. Maybe the risk of loss is not that cruel it that if you’re investing in an old altcoin like eth, or xrp. Even bitcoin. This is more recommended. Because time has tested them to date.
Of course, investment in the coins I mentioned above is equally risky. Because crypto is too bumpy. But for its high popularity, it can be said to be safe if investing in the above coins.

[Sendi blackspade team]

Initially, the ICO tarnished its identity as developers fled investors’ money. That’s the risk if you invest in a brand new altcoin. But it’s legitimate to invest in a new brand of altcoin, although the risk of losing it is huge. You know it and you’ve committed to it. Maybe the risk of loss is not that cruel it that if you’re investing in an old altcoin like eth, or xrp. Even bitcoin. This is more recommended. Because time has tested them to date.
Of course, investment in the coins I mentioned above is equally risky. Because crypto is too bumpy. But for its high popularity, it can be said to be safe if investing in the above coins.

coins that have been on the market for a long time and are gaining popularity is not easy. they persist in market conditions and platform development for quite a long time. it took a long time to build market confidence in the assets you now see in the top markets. Compared to a new project, of course, there will be very different risks that we have to take.

[ije07]

if you are a new investor then you can take a choice in the list of top coins listed on the CMC site. You can select some of the top altcoins and don't forget to research them again before putting money in them. I suggest prioritizing BTC and some of the top altcoins like ETH, BNB, LTC or LINK. for me this is very worth investing in. This is just a suggestion, you can reconsider before making a decision.

[Novatech8]

Majority of new crypto projects have teams that know too less about crypto and blockchain but for the fact that crypto have huge money pumping into the system almost everyone wants to take their shot, you need to watch out for the team qualifications first and followed by their connections like partnerships, these are very very important before the project use case.

[scolary23]

Before participating in any ICO, it is worth knowing the structure: goals, objectives, solutions, white paper, roadmap, listing of a token / coin on major exchanges, possible applicability, the project team, and in the end the profitability of the project for the investor ... If some elements are missing, do not inspire confidence, loud statements about excess profits, lack of a platform - you should think about participating in such an ICO, and it is better to study another.

[lousie9]

danger sign? maybe like Trends. Like the case of Trends Defi recently which attracted public attention, especially for project investors. The Hype Defi has yielded good returns for short-term investments. But if you don't like a high investment risk appetite then it's better to invest only in top altcoins, like BNB & ETH.

[Anyobsss]

if you are a new investor then you can take a choice in the list of top coins listed on the CMC site. You can select some of the top altcoins and don't forget to research them again before putting money in them. I suggest prioritizing BTC and some of the top altcoins like ETH, BNB, LTC or LINK. for me this is very worth investing in. This is just a suggestion, you can reconsider before making a decision.

I believe what the OP is referring to are ICO startups.

To OP, I always check first the team behind the project, if they are legitimate. If I have to look through their LinkedIn, I will do just to ensure that I'm investing my money in the right people. Second, the whitepaper, and the roadmap, not plagiarized and realistic and can be achieved with the time frame they stated.

[bitcoin31]

Investing to the ICO is not good anymore , It's better for me to play to the gambling instead of investing to the ICO just a real talk because playing gambling will possible to return your money with profit a short period of time. Choosing project depends to your taste if it's good or not depends on how you review it so I suggest to follow also the professional investors so you can know what altcoins is good in investing of your money.

[tracyhayley]

Investing to the ICO is not good anymore , It's better for me to play to the gambling instead of investing to the ICO just a real talk because playing gambling will possible to return your money with profit a short period of time. Choosing project depends to your taste if it's good or not depends on how you review it so I suggest to follow also the professional investors so you can know what altcoins is good in investing of your money.

you know what ? that is what i'm doing right now. i agree with your statement. also, investing in ico will not guarantee us with a successful project in the end. our profit is still not clear from investing in ICO. maybe all we get is a full loss if the project become a scam one in the end.
i don't suggest to joining some ICO with the hype projects/ideas. because scammer will run the same projects and scamming all the investors. i also agree, if you want to invest just follow some experts or people who experienced investors, because i believe they will know the characteristic a good ico and the legit one.

[Coroline]

I prefer to go in and invest in projects that are under development. This has less risk than a project that is new and doesn't have any.
The project that is being developed has many advantages, and the data being analyzed is more complete. This data is progressive because updates from the team will be our benchmark for how much potential the project is.
Here's a checklist that must pass

• Team & developer profiles
• logical business model
• regular periodic updates
• constructive discussion on any platform
• talk about projects, not money or exchanges

[darkphoenix2610]

Always check first on the team members, verify if the team members are legit or just fake or just new in the industry. A project with a good team is more likely safe because they have a reputation that they are taking care of. Then check the usage of the project, whitepaper, and also the roadmap, you always need to consider those things in determining whether a project is worth investing.

[Vishnu.Reang]

It is actually very simple. Just check whether that particular altcoin is having any real life usage or not. For example, Tron (TRX) was supposed to build a decentralized platform to facilitate easy sharing of copy-righted digital content (mostly in the entertainment industry). During the initial days, there was a lot of hype regarding TRX, and the market cap reached $18 billion. However, the plans for the platform never materialized, and as a result the exchange rates went down by more than 90% during 2019-20.

[fmz89]

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?

first check the ratio how much coin they sell, inflation, total coin in circulation, time vesting, and many more about spec coin itself

if they promising listing price definetly red flags.

check roadmap, whitepaper, team behind it.

look structure their announcement, website, other information...
 

[fuer44]

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?

usually a pre-sale and bonus reward that will be given to the founder of ICO or new tokens offered to investors that make them interested. although not sure which exchange will be launched to? even if there is already a list of exchanges such as probit, there are already many enthusiasts. even though we know, tokens that are launched there are bound to end up a little bad. i think a good sign is tokens that are launched to etherdelta or forkdelta. even now many tokens create their own exchanges and many fail. if you are still in doubt about new tokens or projects, if you have large capital just invest in bitcoin or etherum.

[KennyR]

We can't predict the reality of the altcoin market. In anytime the coin could grow high as well as fall low in value. It is always good to invest on altcoins that have got a minimum viable product backing. Altcoins backed by large networks that are already well established in the global market. For example BTT which was the product of torrent have already known and the early investors gained good return within weeks.

[darkphoenix2610]

Always check first on the team members, verify if the team members are legit or just fake or just new in the industry. A project with a good team is more likely safe because they have a reputation that they are taking care of. Then check the usage of the project, whitepaper, and also the roadmap, you always need to consider those things in determining whether a project is worth investing.

The team, their vision, their future plans and how flexible and quick response on any issues are some of the factors that also help you to analyse about the coin. This will give you some brief idea and what is the use of coin in future and if it can solve any purpose then it will have a good future demand and value as well.

That's correct, those things we always need to consider in determining whether a project is worth investing or not. So we must look for some projects doing things better, differently, or that are rather complicated so it’s not easily replicated. It is also advisable to follow always their updates on their social media channels.

[dobol]

We can't predict the reality of the altcoin market. In anytime the coin could grow high as well as fall low in value. It is always good to invest on altcoins that have got a minimum viable product backing. Altcoins backed by large networks that are already well established in the global market. For example BTT which was the product of torrent have already known and the early investors gained good return within weeks.

That's true that making estabilished business partnership are very important, but if some projects introduce new protocol/platform with better solutions and inovations, also if the team is capable of that technology, that's also good. so for me the team aslo very important to determine it

[Tipstar]

I generally play safe. Investing on a currency that have been tested and is performing well, preferably when they are down. I also try to be first to transact depending on the news, it generally works. I also never miss out opportunities like hard fork to create new coins like BCH is going to have around November 15. When investing in entirely new coin, I look for people and business that are backing the project. The ones that are backed by established people and business are likely to succeed.