nrvasquez
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October 22, 2020, 01:36:21 PM |
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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.
Very nice, diver your investments is always good options, buy dip and sell it when it high is always general ways to earn and play safe. Yes, that's correct. with people that are already in this space and professional the projects will be stable and have decent hope for investment
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Clark05
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October 22, 2020, 01:56:40 PM |
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I don't recommended to invest to the ICO you will put your money to the coin that already in the crypto market it's less risk compared when you invest to ICO. Finding good altcoins is depends to you on how you research and think to the coin but mostly here at this forum you will see the coin that recommended of the user and you will get an idea of what coin you will investing.
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awakpane
Member
Offline
Activity: 1274
Merit: 12
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October 22, 2020, 02:23:17 PM |
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In my opinion to see altcoins worth investing in one has to study their uses and benefits because that is what differentiates them from other coins and allows us to see their underlying value and read white papers about them. In addition, sometimes many people get stuck with bad altcoins because they are tempted by the offers offered without going into more detail about the altcoins they want to invest in. therefore before wanting to invest in altcoins, especially new altcoins, first study them in detail
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asepsetiawan1990
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October 23, 2020, 11:01:06 AM |
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My experience about ICOs is good and bad, 3 times I was trapped in a scam ICO, at first I was invited by my colleague, basically I believe because usually my friends are very picky. But in reality the ICO is a scam. But I don't cover many ICOs which give me an advantage too.
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ongkok87
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October 23, 2020, 11:52:34 AM |
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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 I check their website the team, their background and accomplishments second thing is their whitepaper their solution to existing problem how are they going to implement it and also if it's possible or executable and lastly what could be their product after 5 years. Some ICO's really execute their scam you wouldn't know that they're scam since they have good whitepaper and everything is really good.
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mirgo1791
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October 23, 2020, 01:33:40 PM |
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as showing with the graph chart that the figure draws with linear lines of upward, pupils might put of decision as releasing use with possession of balance on investment account. developer might keep on outstanding to deliver use with goods and service to helps with the perseverance on drawing with the market chart.
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💌💌💌💌💌 DO NEAR - GAMES ARE LOVE 💌💌💌💌💌
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TWW
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October 23, 2020, 01:50:46 PM |
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My experience about ICOs is good and bad, 3 times I was trapped in a scam ICO, at first I was invited by my colleague, basically I believe because usually my friends are very picky. But in reality the ICO is a scam. But I don't cover many ICOs which give me an advantage too.
Several ICOs 2 years ago may still look good, but after the market downturn in 2018, I no longer see any ICOs that are truly serious and successful in providing profits to investors. I myself don't really like ICOs, but when I saw IEOs with initial success I got interested in some IEO projects on binance.
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yeamin.rsl
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October 23, 2020, 07:42:41 PM |
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Nowadays ICOs,IEOs,DEFI etc are scamming peoples money very easily .Though people can make good profit from good projects very fast but nowadays it is very hard to find out which is legit or scam . So if anyone want to invest money into crypto then i would suggest to buy Bitcoin,Ethereum or any good reputated coin .
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flagpara
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October 23, 2020, 11:58:07 PM |
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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... New projects never wanted to announce the selling amount of tokens. Total circulating supply is also unavailable to see, same with maximum supply. Without the top exchange partnership or real life partnership, I can't trust any new altcoins to invest. Or I can invest during the dump price. Own coins I also prefer to invest in, before success this is the top priority.
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baiwei
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October 24, 2020, 01:27:51 AM |
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To determine if an altcoin is worth investing you have to put some time to review if they have a good track records and on how they ran and show their skills. And lastly, put effort to know who's behind the said project and if they we're really trustworthy to invest with.
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H1N1
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October 24, 2020, 02:45:13 PM |
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There are several factors to make a coin worth to invest on, but for me the most important thing is the team. How the team manage the project of the coin is the key to become a success coin. A good team will have some good strategies to make their coin valuable in the market.
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PsycheUSD
Copper Member
Newbie
Offline
Activity: 68
Merit: 0
Psyche - Stablecoin ~ http://www.psyche.cash
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October 24, 2020, 02:48:09 PM |
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Look for their LinkedIn profiles and see the recommendations and how old the profile is. If anything comes with guaranteed, just run... 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?
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South Park
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October 24, 2020, 06:31:25 PM |
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First I will check the projects website if it is properly done or just a piece of crap. Second is their product or application if it is really working or not. Third is the roadmap of the project that will give us hint whether one of those written in there actually is happening or in progress. Fourth is the idea of the project whether it is applicable or useful in the long run. Fifth is the project team of course because through them we can check their capability to do the job done. If you can see that they are active or they are participating community discussions maybe the project is legit but that is not really an assurance whether the project is worth investing in. Just make your own due deligence in choosing the right project to jump in.
The steps that you are mentioning are not wrong however if it was up to me I will put checking the project team above all, after all there are projects that may not be as groundbreaking as some others and yet if they have good developers willing to work for years on the project you will eventually get to see good results, on the other hand even if the idea behind a project is innovative and everything seems in order if the developers are lazy and irresponsible most likely that project will never develop successfully.
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scolary23
Sr. Member
Offline
Activity: 854
Merit: 257
Proof-of-Stake Blockchain Network
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October 24, 2020, 06:55:03 PM |
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First I will check the projects website if it is properly done or just a piece of crap. Second is their product or application if it is really working or not. Third is the roadmap of the project that will give us hint whether one of those written in there actually is happening or in progress. Fourth is the idea of the project whether it is applicable or useful in the long run. Fifth is the project team of course because through them we can check their capability to do the job done. If you can see that they are active or they are participating community discussions maybe the project is legit but that is not really an assurance whether the project is worth investing in. Just make your own due deligence in choosing the right project to jump in.
The steps that you are mentioning are not wrong however if it was up to me I will put checking the project team above all, after all there are projects that may not be as groundbreaking as some others and yet if they have good developers willing to work for years on the project you will eventually get to see good results, on the other hand even if the idea behind a project is innovative and everything seems in order if the developers are lazy and irresponsible most likely that project will never develop successfully. Of course, will the project be of high quality and successful when a group of like-minded people donate their personal time to improve, modify and in-depth analysis of the mistakes of the phased creation of the project. Moreover, as you said, the expectation of the investor's result can be encouraged by a team that has worked for many years, or by losing investments from those projects where the developers promised more, but did the work from the promises at least. Either the project is closed at the final stage. The best depends on the focused, hard work of a team that can challenge the challenges that come with a project. You must have to an iron willpower and endurance. But a heavy and debilitating brainstorm brings good results.
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Cling18
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October 24, 2020, 07:35:52 PM |
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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 usually make sure that the team behind a certain project or coin is reputable and active. I always make sure that they're trustworthy because they will be the one to handle the developments of an altcoin. It's an advantage if we'll check their background and their history in handling projects. Checking their whitepaper I think wouldn't be enough because some fake and scam projects these days could fake it.
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Ezravdb
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October 25, 2020, 11:56:04 AM |
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The criteria for the project (Coin) that have a bright future for investing, following their characteristics in my opinion
1. The platform developed by the project has a strong enough advantage 2. Have a solid team in project development 3. Have strong communities in various countries.
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Vishnu.Reang
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October 25, 2020, 12:19:15 PM |
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In the past (especially in 2017), I invested in dozens of altcoins and lost money in almost all of them. One exception is Deep Onion. I was able to sell Onion at a large profit, before it's value went down. My advice to you guys is not to hold on to these altcoins for an indefinite period of time. You need to identify the pumping phase and dump your coins at the correct time. If you miss one, you may need to wait a long time for the next pump.. or it may never happen again.
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New_order
Member
Offline
Activity: 238
Merit: 15
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October 25, 2020, 03:57:14 PM |
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It depends what the aim of the investor is, sometimes we invest for profits and sometimes we invest for long term investment simply because the project feels reliable enough, for me I'm in because of the profits only, I don't tend to hold for long time, I believe that majority of crypto projects are based on timing, they are profitable when released but as time goes on they lose value, I always take profits every time
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South Park
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October 29, 2020, 05:18:47 PM |
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In the past (especially in 2017), I invested in dozens of altcoins and lost money in almost all of them. One exception is Deep Onion. I was able to sell Onion at a large profit, before it's value went down. My advice to you guys is not to hold on to these altcoins for an indefinite period of time. You need to identify the pumping phase and dump your coins at the correct time. If you miss one, you may need to wait a long time for the next pump.. or it may never happen again.
I think that is more or less the average experience of most people here with the exception that probably many investors never sold a coin for a price higher than what they paid for, it is important to remember that the strategy of holding for the long term should only be applied in well established coins like bitcoin or ethereum, and when it comes to new coins you need to always be ready to get rid of them because if you do not you could become a bag holder and no one wants that.
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bitcon
Legendary
Offline
Activity: 2212
Merit: 1008
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October 29, 2020, 06:15:56 PM |
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Look for their LinkedIn profiles and see the recommendations and how old the profile is. If anything comes with guaranteed, just run... 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?
It will be good to work in a pair with somebody, who knows the market to understand if the altcoin is worth investing in it or not. I always check all possible information about the cryptocurrency and all the graphs also. This helps me top make the better choice.
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