Kena Banned
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October 19, 2021, 11:26:11 PM |
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Researching whitepaper and website quality is first step to do before researching another indicator, but i dont agree to take review from ICO sites as one of the consideration, since many shilling and overhype as review there.
unfortunately now it will not be difficult to make a high-quality website and a high-quality whitepaper. So now the reputation in the market is probably more important. If a new team enters the market that no one knows them, but they have a "beautiful" project, I would be thoughtful. Its not true, making high quaility wp and website needs more effort to scammed people, u would found indicator of bad projects if u research both well.
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milewilda
Legendary
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Activity: 3262
Merit: 1155
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October 19, 2021, 11:34:04 PM |
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Researching whitepaper and website quality is first step to do before researching another indicator, but i dont agree to take review from ICO sites as one of the consideration, since many shilling and overhype as review there.
unfortunately now it will not be difficult to make a high-quality website and a high-quality whitepaper. So now the reputation in the market is probably more important. If a new team enters the market that no one knows them, but they have a "beautiful" project, I would be thoughtful. Its not true, making high quaility wp and website needs more effort to scammed people, u would found indicator of bad projects if u research both well. Scammers is always one step ahead no matter or how hard you do make out some research on a particular project.Even myself considered to be experienced but still i do get fooled for a project which is totally a scam which i could say that they would really be doing their best to make it look believable and does really have potential this is why you should really do your best to make out some in-depth research not only doing it twice but as many as you can before you do make out some decision for you to invest on.
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nikita2020
Jr. Member
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Activity: 184
Merit: 1
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October 20, 2021, 01:36:07 PM |
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Cryptocurrency develops and became more simple and comfortable to use. More and more people use cryptocurrency. I think that in future blockchains will be connected. It is good that appear projects that help to unify the existing blockchain system and to connect different blockchain. I think that such products and tools are necessary for people.
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bct-user
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October 20, 2021, 10:48:29 PM |
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I will prefer to choose the new projects in the Binance Launchpad. Because mostly they will have a very high price after the launchpad and are listed on Binance and Tokocrypto. Although the chance is very very small at least the coins commonly will have multiple times of rising up. But of course, dyor again because it also still consists of risks.
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Kena Banned
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October 20, 2021, 11:25:57 PM |
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Researching whitepaper and website quality is first step to do before researching another indicator, but i dont agree to take review from ICO sites as one of the consideration, since many shilling and overhype as review there.
unfortunately now it will not be difficult to make a high-quality website and a high-quality whitepaper. So now the reputation in the market is probably more important. If a new team enters the market that no one knows them, but they have a "beautiful" project, I would be thoughtful. Its not true, making high quaility wp and website needs more effort to scammed people, u would found indicator of bad projects if u research both well. Scammers is always one step ahead no matter or how hard you do make out some research on a particular project. Not really, show me any scam project that really have a great whitepaper and website, i doubt it. There must be some fishy thing would be appeared if it a scam one.
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livingfree
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October 20, 2021, 11:59:16 PM |
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The easy thing I can do to see the project is read the whitepaper, then focus on their roadmap, if the roadmap is in accordance with current facts then I'm sure this is a real and promising project, and several times I've proven it and get big profits with simple analysis the.
You can't determine road map efficiency if you're looking at it for the first time and as well as the project has just been out at the beginning. But look at the whitepaper, you'll get to have an idea if they're going to have a good project. Because it's going to be your first basis to tell if a project is good or not upon looking at it for the first time.
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errorcode99
Member
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Activity: 199
Merit: 53
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October 21, 2021, 12:11:57 AM |
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Hello! I want to know how you choose projects for investment? At the moment I'm focusing on the Near Protocol. I bought it back in early April and don't miss the chance to mention it. What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook) 2. Strong community (more than 100k on Twitter and a very strong forum) 3. Own blockchain (develop their own structure with their own EVM and cross-chain) 4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
However, owning a project with Blockchain itself is not a deal breaker for me. Why? Because you have some coins with their own blockchain like Vectorium, which is just an ordinary shitcoin with no value while you have tokens like Uniswap on the Ethereum blockchain, which has more value placed in its token.
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Bikan
Newbie
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Activity: 72
Merit: 0
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October 21, 2021, 10:40:00 AM |
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Anyway, without mincing words, I congratulate you for a well job done. However, you still need to do more research on the proprietorship/partnership, project Team, Concept they bears, social activity, team active or inactive, as well as consideration for the future bofore diving further. To me personally success is sure
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purka5
Newbie
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Activity: 191
Merit: 0
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October 21, 2021, 12:33:50 PM |
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It is good that appear projects that help to unify the existing blockchain system and to connect different blockchain. I think that such products and tools are necessary for people. I agree that unification is necessary for all blockchains. It will be much simple and comfortable to use different blockchains if they will be connected, unified and interconnected between each other.
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Warkop
Sr. Member
Offline
Activity: 1288
Merit: 270
Vave.com - Crypto Casino
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October 21, 2021, 12:46:04 PM |
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If I want to invest in a project, maybe I will look at the prospects for the project, how they run the project and what they have to offer investors. Maybe not only that we should see and check their social media as well as the whole project team, so that we can know how they will run the project in the future.
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Fivestar4everMVP
Legendary
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Activity: 2408
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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October 21, 2021, 01:09:56 PM |
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1. Team (most of the famous developers worked in google and facebook) 2. Strong community (more than 100k on Twitter and a very strong forum) 3. Own blockchain (develop their own structure with their own EVM and cross-chain) 4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
In all this four you mentioned, personally, I think 1 and 2 are the most important. 1. It's very important to look at those who make up the team before investing money into any project, and this is why I personally don't patronize projects with anonymous team. 2. Strong community is also very important as you've right said, community is the back bone of any crypto project and without it, project will hardly move forward. I consider "own blockchain" not so important in choosing projects to invest in because I've seen many projects doing very well running on other blockchain. Another important things which I think should be looked at before investing in a project is the - - Idea - is it unique?
- Technology - it's one thing to have an idea, it's another thing to be able to build the technology to implement it.
- Use-case - is the idea capable of creating strong demand/use case for the coin/token in the near future?
This 3 list I've made, I believe if added to your 1 and 2 will help one choose a really good project to invest in... By the way, take a look at Chainge finance and Fusion protocol, this are really strong projects still very much undervalued right now.
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djmixen
Member
Offline
Activity: 518
Merit: 11
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October 21, 2021, 01:15:29 PM |
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Hello! I want to know how you choose projects for investment? At the moment I'm focusing on the Near Protocol. I bought it back in early April and don't miss the chance to mention it. What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook) 2. Strong community (more than 100k on Twitter and a very strong forum) 3. Own blockchain (develop their own structure with their own EVM and cross-chain) 4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
As I noticed you already answered your own question, where for me all what you had stated here in this thread section are certainly correct. Those are good basis to find a legit project here in cryptocurrency, perhaps the only thing I can add for the tips is invest what you can afford to lose here in crypto space anyway.
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mafoja1
Member
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Activity: 182
Merit: 13
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October 21, 2021, 02:23:24 PM |
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There are tests on all the teams and their awareness and their social media and its channels and other projects as you mentioned earlier points to defend a project. You just have to be more discriminating with the help you render toward other people.
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Slon55koz
Member
Offline
Activity: 128
Merit: 13
www.fintropy.io
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October 21, 2021, 02:41:04 PM |
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Hello! I want to know how you choose projects for investment? At the moment I'm focusing on the Near Protocol. I bought it back in early April and don't miss the chance to mention it. What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook) 2. Strong community (more than 100k on Twitter and a very strong forum) 3. Own blockchain (develop their own structure with their own EVM and cross-chain) 4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
you also have to look at the progress of the project, because in my opinion one of the factors that makes the price can increase is that the project always has progress, therefore if the project you are investing has a progress and runs according to the roadmap, then I think the price will definitely increase very high and success. There is no point in joining projects that have no prospects for the future. It is important to study the project development team, perhaps these people have already done successful projects and can be trusted. For successful participation in the project, I also study the opinion of competent and respected people of the cryptocurrency world. It helps a lot to make the right decision and not to miss the benefits in the future.
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kensaii
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October 21, 2021, 06:38:06 PM |
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The easy thing I can do to see the project is read the whitepaper, then focus on their roadmap, if the roadmap is in accordance with current facts then I'm sure this is a real and promising project, and several times I've proven it and get big profits with simple analysis the.
You can't determine road map efficiency if you're looking at it for the first time and as well as the project has just been out at the beginning. But look at the whitepaper, you'll get to have an idea if they're going to have a good project. Because it's going to be your first basis to tell if a project is good or not upon looking at it for the first time. I say look for both and put them on the same weight. Also, seek out dev to see if they truly believe in their whitepaper because you know, some whitepapers only write what investors want to see so you have to make sure of it.
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Kena Banned
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October 21, 2021, 11:22:35 PM |
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There is no point in joining projects that have no prospects for the future. It is important to study the project development team, perhaps these people have already done successful projects and can be trusted. For successful participation in the project, I also study the opinion of competent and respected people of the cryptocurrency world. It helps a lot to make the right decision and not to miss the benefits in the future.
Agreed, we're looking for the prospects to decide investment first. It's rarely any core developers done a successfull projects and doing another project from the beginning anymore, i never seen that project, could u mention any? My experience only on Callisto Network, which Dexaran are from Ethereum Classic.
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Naficopa
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October 22, 2021, 01:14:43 AM |
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There is no point in joining projects that have no prospects for the future. It is important to study the project development team, perhaps these people have already done successful projects and can be trusted.
There is no doubt that a good project analysis before the investment is the most important thing. Of course, we will never be 100% sure that the project will be successful, but it certainly helps a lot to reduce the risk of the investment. For successful participation in the project, I also study the opinion of competent and respected people of the cryptocurrency world. It helps a lot to make the right decision and not to miss the benefits in the future.
Could you please share with us some examples of people whose opinion you are considering?
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alan228
Jr. Member
Offline
Activity: 250
Merit: 1
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October 22, 2021, 01:22:45 PM |
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I agree that unification is necessary for all blockchains. It will be much simple and comfortable to use different blockchains if they will be connected, unified and interconnected between each other. It must be simple to use different blockchains that more people would use them. It will be very good if all blockchains will be unified and it will be possible to buy and sell tokens from one blockhain to another blockchain.
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Sled
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October 22, 2021, 01:33:56 PM |
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Well all most likely to consider a project is worth investing or not based on the use-case, team/developers, and trading volume. We all looking for these things but it is really hard to find honestly in new projects. That is why I don't easily make a huge investment for the new projects, I just review their performance before deciding.
But for now, the market looks different, even the project don't have use-case they even make some rally (like meme coins) due to the influence of social media and especially when a known personality is shilling on it.
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Ems.
Jr. Member
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Activity: 119
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October 22, 2021, 02:19:31 PM |
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In this points,people now they are watching and concentrate where to invest can earn more and can share to others.Can invest and to do a project where is the people focusing ,SOCIAL MEDIA,and also places where can easily deal those projects ,area which is demand ,suppliers and producers can take and manage to distribute every people wanted.
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