tygeade
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February 25, 2023, 05:55:22 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.
Projects that have announced their coins are listed on the market exchange, so we don't need to worry about that anymore. Second, projects that pay directly with a weekly payment system. So once a week, participants can already get money from their work for the project. If you meet a project with a concept like that, register immediately and don't forget to let me know I think most projects have hard time getting listed on CMC let alone getting listed on big exchanges. Look at how many coins are listed on Binance, and how many are listed on CMC, the difference there alone is a proof that most projects are not listed anywhere properly, and secondly if we are talking about the ones that are not even listed on CMC, we are talking about more projects that are not listed than listed at this point. So all in all, you are not going to do some small stuff and make some money from projects, it is not going to happen. I agree with you that if anyone finds one that applies to all these, then I would like to join it myself as well .
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Bellarg
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February 25, 2023, 08:10:14 AM |
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Try to think about use cases, only if project have real possible usecases it can be reliable
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Tony116
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February 25, 2023, 09:48:00 AM |
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Try to think about use cases, only if project have real possible usecases it can be reliable
Unfortunately, for altcoins, there aren't any use cases at all. In theory, it sounds great and promising, but implementing it and putting it into use cases so far is all just theory. In short, altcoins are just speculative markets, no technology, no utility, everything just hype and disappears after that. Investing in altcoins is gambling, where you need luck rather than skill and knowledge. I am waiting to see what new projects will replace topcoin, just like history has shown us.
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Tespata
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February 25, 2023, 05:22:14 PM |
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Bitcoin has occupied such a place in the market that all other coins keep pace with it and that is why Bitcoin is called the king of all coins.Despite Bitcoin's boom, many projects fail to succeed, meaning it remains risky.It's best to check your project carefully because even those that are being promoted by influential people occasionally fail to advance to the top of the market. Altcoin is a risky investment, and that is a reality Decide how much risk you can take, and only invest Which can also be lost
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profgates
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February 25, 2023, 07:46:45 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 it comes to projects in this industry, trustworthy is not a factor that is important to be considered as most of the projects don't have what it takes to gain sufficient trust. The existence of most projects is founded on shabby structures as we saw in FTX. Most people invest to maximize returns and don't dig deep into the operations of the project.
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solehdavid
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February 26, 2023, 07:08:26 PM |
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The team behind altcoin projects is a critical factor for the success of the project. The team members' areas of expertise, experience and past projects are important for the success of the project.
It is important that altcoin projects focus on solving a real problem using innovative technologies such as blockchain technology. Projects need to have functional technology that can deliver real value to users and investors.
Community support and fan base are important for altcoin projects. Building projects around a community is important for the project to grow and thrive.
Altcoin projects need to have a unique competitive advantage. Projects should stand out from other projects with a unique idea, functionality or use of technology.
If altcoin projects are transparent, it can help investors trust the project. It is important that projects provide a clear way to communicate with investors and regularly provide information about the project.
However, as the cryptocurrency market is highly volatile and complex, the success and reliability of altcoin projects cannot be guaranteed.
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Reatim
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March 02, 2023, 03:50:35 AM |
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actually XRP had been running long but eventually experienced dump because of the case filed against them , and also NEO that once being on top but now? it drops badly and the later one is Litecoin , after the selling happened or the change of management ? we seen how bad they are acting now . but of course it is indeed one of the best way to trust aside from bitcoin those coin long running currencies are good.
Investment is for profit, if you want safe and reliable, then choose bitcoin, no need to choose useless old altcoins. Investing in altcoins is with the expectation of earning a higher return than bitcoin, so old coins that have been dumped and are no longer of much interest to the community are better off getting rid of them. Investing in altcoins is inherently risky, so we need to get the reward worth it, I would invest in potential new projects rather than old ones. you mentioned Useless altcoins but what about those Valid altcoins? meaning those who had managed to stay in high rank for long years and proven to be bringing profit to all its believers and investors? best to diversify at least? buy Bitcoin with confident and buy altcoin with though risk. Investing in the top altcoins in the market makes sense, however we must not assume that they are the same as bitcoin, we just have to remember what happened to Luna recently and to bitconnect on the past, so if you decide to invest in one of the top altcoins you need to at least check your portfolio daily, and if you see something is going wrong you need to act quickly and sell those altcoins as you do not want to become a bagholder and lose your capital in this way. Yes and that is correct , altcoin is truly not for long term holding comparing to Bitcoin that is more sure of a longer holding. LUNA and Bitconnect ended as Scam but they are once in a top ranking coins. so it is not about how big the project is and how they are very popular ? there is always a possibilities that it will end scam.
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borovichok
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March 03, 2023, 02:00:22 PM |
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Yes and that is correct , altcoin is truly not for long term holding comparing to Bitcoin that is more sure of a longer holding. LUNA and Bitconnect ended as Scam but they are once in a top ranking coins. so it is not about how big the project is and how they are very popular ? there is always a possibilities that it will end scam.
With many investors becoming familiar with it, Bitcoin is a very important project in the field. Because of the profitable plan it presents, which has been in place for more than a decade and is still strong, it is trustworthy. With Bitcoin, I've gained a lot throughout both the bull and bear markets. Many scams exist; it is our responsibility to identify them and figure out how to stop them. Until it was shown to be a fraud, LUNA was a good project. Complicated studies are conducted to avoid being involved with fraudulent projects, and I can assure you that there are many advantages on the market.
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soramon
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March 04, 2023, 01:24:48 PM |
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Although Bitcoin is considered the leader in the cryptocurrency space, many altcoins have emerged as credible players in the market. However, it can be challenging to identify which altcoin projects are trustworthy. Trustworthy altcoins have several characteristics, including a reputable development team with experience, a real-world application, transparency in project details and finances, an active community, and high liquidity. Conducting thorough research is also essential before investing in altcoins, including reading reviews, reviewing the project's whitepaper, and keeping up with industry news. Ultimately, investors should consider their risk tolerance and investment goals, seek professional advice, and diversify their portfolios
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justdimin
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March 06, 2023, 10:03:15 AM |
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altcoin is truly not for long term holding comparing to Bitcoin that is more sure of a longer holding. LUNA and Bitconnect ended as Scam but they are once in a top ranking coins. so it is not about how big the project is and how they are very popular ? there is always a possibilities that it will end scam.
I think naming all of altcoins in the same light is not really a nice thing to do. I understand that it is not good when you look at bitconnect or luna or something like that, but if you look at ethereum and bnb then it is as good as bitcoin as well. It means that it depends on where you look at, of course low level stuff that look to be dangerous will happen, but there will always be some high level stuff that will do as well as hoped for as well. This is why I highly suggest that if you want to invest into bitcoin then do that, but if you want to save some aside and invest into alts, then try to do it into things that make sense and not low cap stuff.
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Digital_Lord
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March 06, 2023, 02:52:08 PM |
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Not just altcoins but all other crypto tokens are volatile and we do not analyze that what will be the new cost of such token. Now we are in condition where we cannot believe that what coin is trusty because new coins originates cannot be trusted as a yield production. Bitcoin is consider as a king because its price is greater than all other crypto tokens and is one of the coin which always offers its users elevated returns as a consequence of their investment.
Bitcoin is the first priority and will always remain first choice of all individuals so remaining coins may be beneficial but cannot be trusted easily.
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pgbit
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March 11, 2023, 03:01:11 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.
To be considered trustworthy, an altcoin project should have a clear and unique purpose that addresses real-world problems. A solid roadmap outlining development plans and milestones can build trust among investors and users. The team behind the project should have a strong track record and expertise, with transparency about their backgrounds and experiences. A strong community of supporters and active users can demonstrate belief in the project's potential. The altcoin should have a strong security and governance model with measures in place to prevent hacking and a fair governance system. A clear financial model should include a breakdown of fundraising, fund usage, and profit distribution, as well as plans for generating revenue. Before investing in any altcoin project, conducting thorough research and due diligence is important.
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Luffygroove
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March 11, 2023, 03:30:11 AM |
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While Bitcoin is widely considered the most credible cryptocurrency, altcoins vary greatly in terms of trustworthiness. To evaluate an altcoin's trustworthiness, it's essential to examine its technology, development team, community support, and adoption rate. Additionally, factors such as transparency, security, and regulatory compliance should be considered. Ultimately, thorough research and analysis are necessary to determine whether an altcoin is trustworthy or not. However, based on my experience, there's really no 100% guarantee that we can make profits from these projects cause some X factors might ruin it.
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D ltr
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March 11, 2023, 03:43:21 AM |
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there are no assets that can be trusted because one moment can disappear at any time without us realizing it or even planning it everything returns to the use value of the coin and it is not needed for our needs (I said altcoins), if to invest I think why look for altcoins if btc is close to perfect in terms of investment just my opini
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Sweetbtc
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March 11, 2023, 04:10:06 AM |
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What makes an altcoin really trustworthy ? And why ? Please let me know your opinions. There are many projects which have given many times profits to people and are still in the market. And these projects have a use case in the future. This project has a good roadmap,best Tokenomics, a strong team on their back makes them trustworthy. Another thing, these project makes partnerships in such places world famous exchanges, famous. People, partnerships with big companies make these projects credible. And if big exchanges like Binance and big good companies like Microsoft, celebrities like Elon Musk, Michael Sellers invest in these projects, then people also has full faith and trust in these projects. Rather, the confidence of all of us will increase.There are a lot of projects that are working in Metaverse gaming and web3 technology.Which is also the need of the future and they can be trusted.
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abralzain17
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March 11, 2023, 04:32:54 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.
In my opinion, what can foster trust in the Altcoin project is its presence in the market, or in other words that the altcoin has movement in the market and has a large number of enthusiasts. Besides that, what an altcoin project can rely on is if the altcoin has a clear roadmap and also has future use cases. thus, in my opinion, this is an Altcoin project that can generate trust for many investors
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TheUltraElite
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So anyway, I applied as a merit source :)
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March 16, 2023, 06:46:04 AM |
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In my opinion, what can foster trust in the Altcoin project is its presence in the market, or in other words that the altcoin has movement in the market and has a large number of enthusiasts. Besides that, what an altcoin project can rely on is if the altcoin has a clear roadmap and also has future use cases. thus, in my opinion, this is an Altcoin project that can generate trust for many investors
Trust is built from history. If a project develops and delivers it's promises, the community will trust it's future and thus invest in it. This is lacking or short lived in most altcoins getting launched. It is mostly the older coins which have somewhat delivered. We investors need to observe for a couple of year if not more whether the project that we are seeking actually delivers and keeps promises. Even then many projects have gone scam after years of development.
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kak uli
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March 22, 2023, 05:39:15 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.
First, have clear objectives that can be described in the project's work prospects. then having the consistency of the team and developers at work, and lastly is the solution given to every problem that everyone is facing right now.
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disconnectme
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March 23, 2023, 05:38:15 PM |
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Every project is susceptible to failure, but what helps Bitcoin and set it apart from other projects are:
1. The number of years it has been in existence, 2. The quality of the team behind it, 3. The culture behind it (Bitcoin Maximalist) and 4. The problem is trying to solve
and projects with all these features and qualities have high probabilities of succeeding and gain people's trust
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I_RodimusPrime
Jr. Member
Offline
Activity: 103
Merit: 3
Pepemo.vip
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April 07, 2023, 06:02:06 AM |
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In this forum there are a lot of altcoins projects are introduced daily. But if you really follow these projects for a short period of time most will be dead or rug pull. 100 out of a project I can say there will be only 10 projects were survived a long journey. So first of all you need to check the project background. The newest project uses famous crypto influencers, persons fake social media accounts like Facebook, Twitter, and LinkedIn and show they are invested or partners in their project. So when you see that kind of piece of information, just visit the original social media accounts of those people and check whether they actually partnered or invested in this project. This will be more helpful to save your money and invest more in BTC, ETH or BNB. After that do an Onchain analysis, then an off-chain analysis and last but not least technical analyze. If you are not good at these things my advice is to just invest only in BTC. Because as I always say Bitcoin is the king of the crypto. There is no doubt about that because BTC proves it a lot of time.
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