How to Know the right crypto project to invest in

[Agwu]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

[NeuroticFish]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Bitcoin is the safe bet.
And those who fancy higher risk gambling with their funds, there are a lot of altcoins to choose. Some few may get lucky.


Conclusion: too hard to choose right if you want something else than Bitcoin. So.. just choose Bitcoin.

PS. Not a financial advice, do with your money whatever suits you best.

[AicecreaME]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Bitcoin is the safe bet.
And those who fancy higher risk gambling with their funds, there are a lot of altcoins to choose. Some few may get lucky.


Conclusion: too hard to choose right if you want something else than Bitcoin. So.. just choose Bitcoin.

PS. Not a financial advice, do with your money whatever suits you best.

I agree, bitcoin is the number 1 choice for starters, because you could the assurance you wanted that your money is safe.

Risking it on altcoins is not really worth it because most of them are just trash, you know, better at first few weeks moths, but after getting too much money on investors, they'll just leave the coin that'll make its price go down on the bottom, leaving investors crying.

[Maus0728]

Depends on your preferences I guess? Of course if you exclude shitcoins or those useless token that appears out of thin air, choosing which crypto to invest in depends on what project you believe in, but mostly, people chose bitcoin as it is the safest option out there especially for newbies.

For me as an example, majority of my portfolio is heavily invested in bitcoin because of how briliant the technology it offers, it is also a multifaceted tool that will serve as your gateway down the rabbit hole when it comes to programming, security, privacy and economics(finance). Moreover, less than 10% of my portfolio is in ETH and XMR as I think that ETH could offer a lot of opportunies in Defi/GameFi while Monero is for privacy related stuff.

Besides preferences, one important matter is your financial capabilities and your risk tolerance.

[Taskford]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Actually its hard to find a good project where we can trust since most of the project didn't deliver much on what they promise on their target dates also sometimes we always fall for expectation since their product sucks. So if I where you better invest only on top coins if you aim to hold them up for long term, but if you are a risk taker then go on altcoins which is hype by many community members and exit when your portfolio is already in green line.

[ethereumhunter]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Maybe bitcoin is the right choice to invest in. Although the price of bitcoin is now wilder than a few years before, you can use bitcoin as a short, medium, and long-term investment. But if you want to choose to invest in altcoins other than bitcoin, it will not be easy because many altcoins will tempt you to buy and serve as investments. Maybe you can do some research on the coins that are on the list of the top 25 coins so you don't have too many choices to invest and you won't be too confused about managing them. ETH and BNB are coins that you can invest in because these two coins have great potential to increase in height but do your research first and don't rush to make a decision.

[tranthidung]

Check their coin or token distribution.

If you see distribution is not fair and centralized in top wallets, there is risk of price dumps from top wallets or worse, rug pull. It is the first thing I would prefer to check. Not Whitepaper because they can lie in White paper but on chain stats can not be faked. We can check block explorer to see the distribution that can not be hidden.

My old topic but you can apply it for tokens with smart contracts

• [Guide] Identify scam projects by hidden premined coin indicator via explorer

[Rufsilf]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Don't make it hard and bothered yourself to think about these thousands of shitcoins in the market, why not choose those old coins like BTC and ETH? You are somehow not wasting your time at all. It is not necessary anymore to dig deeper and look for potential coins among the number of new projects, you will get tired of looking at them but never find any ( or you may have but it was not sustaining).
You'd rather choose those projects that already have credibility, and you will make a profit right away. 

[Issa56]

Their are lot's of coins entering the crypto market on a daily basis and most of them are just shit coins, actually its difficult to identify good projects from shit coins now, so the best coin which I will recommend you to buy is bitcoin, that's the only trusted coin that I know and if you are planning to invest in altcoins which I won't recommend then you can invest in project that have been long in crypto space, but I think investing in new projects now is really a bad idea.

[mk4]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat.

If your investment category is just actual digital currencies, then your only pick is bitcoin. 99.9% of the other cryptocurrencies and other tokens are merely just pseudo-equity, like stocks but a lot more accessible to people globally.

[blockman]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Just stick to the ones with reputations. I know it's good to invest in some good new projects but many of them are unlikely to follow what they're telling on their white papers or road maps.
With the older ones, they've got proven track records and you only need to continue what you've started with them because they already have the market and reputation.

[Quidat]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Just like on what been said above that Bitcoin would be the safest bet if we do talk about future or does have potential even though nothing is giving out assurance but at
least we are dealing off with something that had already been tested by time and at the  same time it is really getting main support in the community which does simply
means or shows that it would really be worth for you to consider on accumulating it and holding on long term.Knowing projects that would take off is impossible.
No one really knows because demand is something a unpredictable factor that could be seen or depending on the community itself.

[virasisog]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

I usually do a backtrack so I would know the potential of a coin. Some coins are just being hyped so it's really important to do your own research and don't just go with the flow. I also check if a coin has a good reputation so I'll have an idea if they are worth my trust. I mostly choose top coins which have been through different market situations so I'll know if they have strong resistance against the bearish season.

[hashrateproducts]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat.

Crypto have already taken over Fiat and the way it's gaining popularity in the world rapidly, it's good for one to start saving money in cryptos. It's presently consider the best way to save and also digital assets that brings about profits. One of the best way to know the type of Crypto to invest in, is to check it's community and how they operate in the space. There are so many coins in the space, some only trapped investors to losing their money, while others are best for long term investment, it's optional for Investors to go for the long term tokens, rather they should go for Crypto Gems that pumps massively and also dumps.

[$crypto$]

Bitcoin, ETH, BNB, those are the top coins to invest in.

But it depends on you how to do it whether you just want bitcoin or some other coins with top coin notes but I don't want you to choose shitcoin or new projects that will make you lose so more advice from many people is bitcoin.

Investment in Bitcoin is long term, many investors do it including large institutions, so just choose bitcoin.

[salad daging]

Thousands of cryptocurrencies have flooded the crypto market so most of them are shitcoins, the rest you can find the right one, bitcoin being one of the best coins.

Don't you think that bitcoin is one of the good coins to invest for a beginner like you? it will be better if you do it then I think bitcoin is important for the first time to be invested compared to other coins.

I myself already have plans to have more bitcoins in my wallet.

[el kaka22]

This has been asked a million times and there isn't really a great one correct answer. I mean everyone would love to answer this but not many people can. The best thing to do would be making sure that it is not a scam. If you can invest into something that is not a scam then you are doing the right thing, if you are investing into something that is just simply failing, that's fine and it happens.

Most of the market went down for example, and has been down for a lot of months now, does that mean everyone failed to find good projects? Of course not, but Luna ended up going to zero, which means that someone who had bitcoin and someone who had luna, both different people, they both lost, but one lost way more than the other. Make that difference.

[Russlenat]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Bitcoin is the safe bet.
And those who fancy higher risk gambling with their funds, there are a lot of altcoins to choose. Some few may get lucky.


Conclusion: too hard to choose right if you want something else than Bitcoin. So.. just choose Bitcoin.

PS. Not a financial advice, do with your money whatever suits you best.

Always prioritize bitcoin. It’s the most secured and most profitable investment in the crypto market. Though you have all the freedom to invest into some other projects like altcoins, but always know that altcoins are more risky and mostly not secured as lots of them have eventually turned into scams. So if you want to invest in the right project, you’ll never go wrong with bitcoin.

[Bholutefe]

No matter how I look at the comparison, Bitcoin still remains the most lucrative and profiting coin to invest in compared to all other coins. Bitcoin remains the most reliable of all. When dealing with most of these coins, the reliability factor is one essential factor to be put into consideration and it is not advisable fault I invest hugely on any of those coins even if anyone would be investing on any. Bitcoin is indeed the master of all other coins, I would pick it over all other coins in terms of investment because you tend to gain higher in case you invest on it.

[Viscore]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Everyone chooses bitcoin because it’s proven and tested for over a decade, and until now it’s still the best investment in the crypto market. However, if you want to diversify, there are also established altcoins that have also become profitable in their years of existence. But as a friendly advice, always research first in every investment you make, especially if it’s not bitcoin.