Mpamaegbu
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February 07, 2023, 02:58:55 PM |
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All of them, sooner or later, almost always turn into dust.
Will you say that about Ethereum too? Even if we don't trust any other coin, I don't think ETH deserves the lashing others get. I've said somewhere sometime that if Bitcoin had the ability of the smart contract ETH has that has actually developed this industry by allowing many projects to be birthed on its chain, its price would've soared way more than what we've now. For me, ETH isn't just any other coin. It's a major player too like Bitcoin.
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Marcellin9 (OP)
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February 08, 2023, 03:59:14 AM |
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All of them, sooner or later, almost always turn into dust.
Will you say that about Ethereum too? Even if we don't trust any other coin, I don't think ETH deserves the lashing others get. I've said somewhere sometime that if Bitcoin had the ability of the smart contract ETH has that has actually developed this industry by allowing many projects to be birthed on its chain, its price would've soared way more than what we've now. For me, ETH isn't just any other coin. It's a major player too like Bitcoin. Shared your view. ETH is definitely more than an altcoin. It's becoming an enormously powerful and stable blockchain on which many new innovative technologies can experiment. If ETH collapsed, that would mean half of crypto users lose their faith and their whole value system vanishes. Endless attacks would come from the traditional industries and that'd probably destroy all achievements that the crypto users have built. The Bitcoin is not alone and should not be a King without a Queen or capable Generals.
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tygeade
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February 08, 2023, 08:49:05 PM |
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All of them, sooner or later, almost always turn into dust.
Will you say that about Ethereum too? Even if we don't trust any other coin, I don't think ETH deserves the lashing others get. I've said somewhere sometime that if Bitcoin had the ability of the smart contract ETH has that has actually developed this industry by allowing many projects to be birthed on its chain, its price would've soared way more than what we've now. For me, ETH isn't just any other coin. It's a major player too like Bitcoin. For now ETH is kinda strong but I am still sceptical about its future so maybe yes, ETH can also end up like that but I have no doubts about BTC. As long the earth is still there then only us can turn into a dust but not a physical thing or currency like BTC which is the most trusted and useful crypto. If in case BTC has the ability like ETH have which is to create a smart contract then I do not think ETH and other altcoins will exist. BTC would have even become a powerful crypto. I am not sure if a volatile crypto can be called as reliable because of their unstable price but there are trustworthy cryptos whose value can always recover after every dump.
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tvplus006
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February 08, 2023, 10:57:11 PM |
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To be fair, we do not know everyone in the crypto world, which means that the team could be people who are amazing at what they do or could be people who have no idea about it and we would still not have any clue why and how it would do good...
But if I saw such famous people as Vitalik Buterin or Gavin Wood among the team members and I had the opportunity to invest in such a project at an early stage, then I wouldn't even read a Whitepaper)) But usually we have to see anonymous team members who justify this by saying that Satoshi Nakamoto also hid his real name.
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Marcellin9 (OP)
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February 09, 2023, 02:28:50 AM |
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To be fair, we do not know everyone in the crypto world, which means that the team could be people who are amazing at what they do or could be people who have no idea about it and we would still not have any clue why and how it would do good...
But if I saw such famous people as Vitalik Buterin or Gavin Wood among the team members and I had the opportunity to invest in such a project at an early stage, then I wouldn't even read a Whitepaper)) But usually we have to see anonymous team members who justify this by saying that Satoshi Nakamoto also hid his real name. Sorry, I can't help laughing. Yes, it is funny when someone anonymous says Satoshi Nakamoto also hid his real name because comparing themselves with Satoshi sounds like a strong tone of scammers. What is the point of hiding their real names if they are really working on an authentic project ? I think most people wouldn't blame them even if the project failed eventually after endless efforts. The thing of trying to hide something in the beginning is very much suspicious.
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Reatim
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February 09, 2023, 04:19:43 AM |
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
When talking about altcoin , there are no concrete idea of how we could find a legit or trustworthy project though we are tend to believe that there are a possible big reutrns. altcoin is fall of risk and that is not a fact but reality so better to check your project wisely as even those who are being promoted by big people sometimes end up not progressing on the top. find your risk and invest only what you can afford to lose.
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Silberman
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February 09, 2023, 06:45:16 PM |
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Sorry, I can't help laughing. Yes, it is funny when someone anonymous says Satoshi Nakamoto also hid his real name because comparing themselves with Satoshi sounds like a strong tone of scammers. What is the point of hiding their real names if they are really working on an authentic project ? I think most people wouldn't blame them even if the project failed eventually after endless efforts. The thing of trying to hide something in the beginning is very much suspicious.
There is one case in which I would allow for the developers to be anonymous and that is if they are developing privacy coins, over the years governments have tried to break those coins and to impose them way harsher regulations as the privacy they offer is way better than what you can get with bitcoin, and it would not surprise me if the developers of those coins were at some point prosecuted, but other than that any developer which hides their identity is to me a clear sign to stay away from their coin.
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Cling18
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February 09, 2023, 07:49:26 PM |
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
When talking about altcoin , there are no concrete idea of how we could find a legit or trustworthy project though we are tend to believe that there are a possible big reutrns. altcoin is a fall of risk and that is not a fact but a reality so better to check your project wisely as even those who are being promoted by big people sometimes end up not progressing to the top. find your risk and invest only what you can afford to lose. Those who seek assurance cab focus on coins that have been running activities for a long time. Those who have a bigger community and have dealt with the ups and downs of the market. I would say that some of the top coins can perform better and will be more reliable. It's hard to rely on new projects nowadays so focusing on old and trusted coins will be wiser.
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Marcellin9 (OP)
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February 10, 2023, 01:44:03 AM |
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Sorry, I can't help laughing. Yes, it is funny when someone anonymous says Satoshi Nakamoto also hid his real name because comparing themselves with Satoshi sounds like a strong tone of scammers. What is the point of hiding their real names if they are really working on an authentic project ? I think most people wouldn't blame them even if the project failed eventually after endless efforts. The thing of trying to hide something in the beginning is very much suspicious.
There is one case in which I would allow for the developers to be anonymous and that is if they are developing privacy coins, over the years governments have tried to break those coins and to impose them way harsher regulations as the privacy they offer is way better than what you can get with bitcoin, and it would not surprise me if the developers of those coins were at some point prosecuted, but other than that any developer which hides their identity is to me a clear sign to stay away from their coin. I am not sure...your point really makes sense but there might be some possibilities that some dev teams hide their identify for appropriate reasons. In general, those who are aggressive in marketing but fail in delivery are extremely suspicous. I would just wait and observe their roadmap and relevant outcome before I give my trust. It's never wrong to be too careful.
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TheUltraElite
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So anyway, I applied as a merit source :)
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February 14, 2023, 03:47:48 PM |
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I am not sure...your point really makes sense but there might be some possibilities that some dev teams hide their identify for appropriate reasons. In general, those who are aggressive in marketing but fail in delivery are extremely suspicous. I would just wait and observe their roadmap and relevant outcome before I give my trust. It's never wrong to be too careful.
Aggressive marketing via bot like accounts on social media is another red flag. Failing to deliver is one thing and failing to develop anything is another. You must try to verify the team's identity on linkedin and social media. Text the advisors as listed and try to engage them into what they feel about the project, you might get a better idea but in many cases they will not respond, in which case you have to assume the worst. Often advisors have a lock in period after which they will suddenly dump on the open market driving the price to such lows that it cannot recover back - this has often happened with many projects and the sad part is that we honest investors are the ones who must suffer this. Going through all these points, I am sure most old times will accept that buying bitcoin is way less anxiety inducing and profitable than newly launched altcoin projects.
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bittick
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February 14, 2023, 11:48:42 PM |
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good reputation from the devs and the fact that they always delivers, it doesn't need to be complicated to make project trustworthy. it's just the good will from the devs in their effort of building their project because we could judge whether the devs actually willing or just try to money grabbing.
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cozytrade
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February 15, 2023, 01:18:38 AM |
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good reputation from the devs and the fact that they always delivers, it doesn't need to be complicated to make project trustworthy. it's just the good will from the devs in their effort of building their project because we could judge whether the devs actually willing or just try to money grabbing.
If we observe then we will see that there are different types of projects. From them we have to choose the right one. And if we can choose the right project then we don't have to face loss. So we have to do right thing all the time otherwise we have to go through big problems so I think if we can take right decision at right time then it is for us. will be good
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MiF
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February 15, 2023, 02:22:44 AM |
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
I think you are referring to a new projects or new altcoins, you will know if that altcoins is trust worthy when the team behind it has already a past successful project, trust is really important if the altcoins listed on a big exchange like binance and kucoin etc., Then that altcoins is trust worthy, there are a lot of rug pull projects specially during a bear season most of the project will not succeed if it is held during bear season because only few investors invest during that time and it is very hard to collect funds from ICO so it end up to failure so i prefer investing or buying old coin that has a good trust record for good.
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sana54210
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February 15, 2023, 07:41:22 PM |
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
I think you are referring to a new projects or new altcoins, you will know if that altcoins is trust worthy when the team behind it has already a past successful project, trust is really important if the altcoins listed on a big exchange like binance and kucoin etc., Then that altcoins is trust worthy, there are a lot of rug pull projects specially during a bear season most of the project will not succeed if it is held during bear season because only few investors invest during that time and it is very hard to collect funds from ICO so it end up to failure so i prefer investing or buying old coin that has a good trust record for good. If team behind it had a successful project, then why are they doing another one? I can tell you one reason, it wasn't the whole team. Like for example CTO of a great project leaves and builds a new thing, that doesn't mean the new thing will be good, maybe it was the CEO that made the previous one good, maybe it was CMO, maybe CFO? Maybe CTO wasn't that important at all and others saved him? We wouldn't know until we see the results. This is why there is no way we can say a brand new project is reliable and trustworthy, all of them are unreliable and shouldn't be trusted until they proven otherwise. This is our money we are talking about, we can't go with "trustworthy until proven otherwise", because that would cause us losses.
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dunfida
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February 15, 2023, 11:46:22 PM |
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
REAL USE CASEStick with this and if you do see that it is something that realistic and achievable then i would definitely be testing it out to make some investment on it.It might not be that precise nor really successful most of the time but this is where i do make money the most.The main challenge would be experiencing out of this situation is that on how you would be finding out these gems? Finding one would really be that pain in the ass.If you do check around on how many project launches on day to day basis then you would really be that thinking that it is really that a tiring thing to make up search every each of them. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Dickiy
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February 16, 2023, 02:33:47 PM |
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Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
I think in this case some of you have mentioned but we still need more indicators to see whether a project can be trusted or not to put our money into the project, apart from credibility and a large community of people, product utility and product ecosystem and the clarity of the project product itself must be able to understand what it means and how it works. In fact, there are still a lot of indicators to see if a crypto project is feasible or not. We can look at its development from month to month or year to year to convince you of the extent to which the developers project are serious about working on it and see the strengths and weaknesses.
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Shamm
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February 16, 2023, 03:01:39 PM |
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For me I will say that new project is trustworthy and good for invest is the review of one past investors it because even if the team behind that project was have a successful project in the past because not all the time that they have a successful project last year or more then now they will be a successful. Because sometime we have our unlucky moment and if that happen then for sure the opposite of success will be in the finish line.
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Jody.Drummer
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February 16, 2023, 03:32:28 PM |
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good reputation from the devs and the fact that they always delivers, it doesn't need to be complicated to make project trustworthy. it's just the good will from the devs in their effort of building their project because we could judge whether the devs actually willing or just try to money grabbing.
If we observe then we will see that there are different types of projects. From them we have to choose the right one. And if we can choose the right project then we don't have to face loss. So we have to do right thing all the time otherwise we have to go through big problems so I think if we can take right decision at right time then it is for us. will be good Actually it can be a risk if you really feel you are observant enough to look at it, but indeed the problem is to find a good project we obviously need time to find and I still feel it is quite a waste of time so it would be better if I wasn't in it that matter. I prefer to be in something that is certain even though the risk is definitely there but for altcoins that are certain at least this can still be minimized regarding losses.
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$crypto$
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February 16, 2023, 04:35:10 PM |
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For me I will say that new project is trustworthy and good for invest is the review of one past investors it because even if the team behind that project was have a successful project in the past because not all the time that they have a successful project last year or more then now they will be a successful. Because sometime we have our unlucky moment and if that happen then for sure the opposite of success will be in the finish line.
Don't be a benchmark for following past investors because we also have to be able to analyze every project that will be invested at the beginning, this is indeed difficult to determine but by doing my research we will rely more than relying on other people so the new project will not be entirely successful even though they have a good roadmap but it also depends on how the community reacts to their project. I myself sometimes get stuck in projects that I think are good, but there are other projects that are thought to be bad so they turn out to be good in the future and that is what we have to understand.
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Ahli38
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February 16, 2023, 05:00:20 PM |
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I understand how difficult it is to find altcoin projects that actually have decent potential. because most altcoin projects are always made to be raised and discarded after the maker makes a big profit. But still, out of all the altcoin projects there will always be projects that are really good and have good utilities and good fundamentals. usually these projects are made by people who have a good reputation in the crypto industry or at least have extensive knowledge and many achievements in the field of technology. so their project also has a reliable team. both in design and in marketing. so the first thing I always look for in an altcoin project is to find out who is behind the altcoin project.
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