Weawant
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April 07, 2023, 09:27:21 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.
No altcoins is trustworthy, they're just there to make us profits and we don't have to trust them to achieve those profits. Altcoins are very volatile than Bitcoin which makes trading them very good since price difference are always there. Altcoins that might be reliable or trustworthy to you now because they're the hottest coins doesn't mean it'll stay that way forever, the narrative of an altcoins can change in matters of seconds and becomes a scam or not profiting investment. When investing in an altcoin, always have it in mind that you could lose all your money due to the project been rejected by the community or unprofessionalism by the founders of the project that makes investors not trust the project anymore.
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LastKiss
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SOL.BIOKRIPT.COM
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April 07, 2023, 11:04:00 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.
No altcoins is trustworthy, they're just there to make us profits and we don't have to trust them to achieve those profits. Altcoins are very volatile than Bitcoin which makes trading them very good since price difference are always there. Altcoins that might be reliable or trustworthy to you now because they're the hottest coins doesn't mean it'll stay that way forever, the narrative of an altcoins can change in matters of seconds and becomes a scam or not profiting investment. When investing in an altcoin, always have it in mind that you could lose all your money due to the project been rejected by the community or unprofessionalism by the founders of the project that makes investors not trust the project anymore. Well, not only altcoins but Bitcoin, stocks do not give us a guaranteed to get profit in the future, That's why it's recommended to do some research before investing in any altcoins project especially when a bull market is near there is a lot of new projects only want our money without any real development. A project that has good progress according to their roadmap and a good team in the project is worth to invest.
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Ziskinberg
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April 07, 2023, 01:43:47 PM |
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Well, not only altcoins but Bitcoin, stocks do not give us a guaranteed to get profit in the future, That's why it's recommended to do some research before investing in any altcoins project especially when a bull market is near there is a lot of new projects only want our money without any real development. A project that has good progress according to their roadmap and a good team in the project is worth to invest.
We can't find such things in new projects, so it means that we don't have to invest in them either. It was not just we do the research, checking their roadmap if is followed or not, or if there is progress on a particular project. In fact, we can't expect Luna to turn into a scam as people never think about it. That is why it was hard to tell if that project is reliable and trustworthy or not, but the most important is that we never invest in a scam project.
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kevindjunaidi
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May 13, 2023, 02:34:55 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.
it's true that investing in altcoin have a bigger risk than Bitcoin, but for now only altcoin can give you a bigger profit than Bitcoin (many altcoin still have the potential that their prices can increase by more than 1000%), therefore there are still many investors who choose to invest in altcoin even though the risk of investing in altcoin is greater than investing in Bitcoin.
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carrie_white
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May 13, 2023, 05:09:02 PM |
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no one can guarantee 100% security and trust in your assets, especially in the crypto world, the crypto world has a much higher risk, but among all the existing coins, I think bitcoin has a smaller risk, because of the very large bitcoin community of course
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marcous
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May 13, 2023, 07:36:43 PM |
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it's true that investing in altcoin have a bigger risk than Bitcoin, but for now only altcoin can give you a bigger profit than Bitcoin (many altcoin still have the potential that their prices can increase by more than 1000%), therefore there are still many investors who choose to invest in altcoin even though the risk of investing in altcoin is greater than investing in Bitcoin.
Don't assume that all altcoins can go up 1000%, but all altcoin increases are just hype if the bitcoin price has recovered from a correction, if you expect high profits from altcoins, even the top altcoins are not a guarantee of safety, assets are still worth it, it's best to review luna and ftx coins which have caused losses of up to hundreds and millions of dollars from altcoin investments.
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JayTrain
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May 13, 2023, 08:03:12 PM |
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It's important to thoroughly research any altcoin before investing in it. Look into the team behind the project, its use case, community support, and any potential partnerships or developments. It's also a good idea to diversify your portfolio and not put all your eggs in one basket, even if it's a trusted project like Bitcoin.
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nesty
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May 25, 2023, 07:26:29 AM |
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A reliable and trustworthy crypto project is one that is built on a strong foundation of transparency, security, innovation and community engagement. Transparency is key in ensuring that the project team is open about their goals, plans and progress. Security measures should be place to protect user's funds and data. Innovations is also important in ensuring that the project is able to adapt to changing market conditions and needs. Finally, community engagement is key in building a strong user base and fostering trust in the project. A reliable and trustworthy crypto project include a strong team with relevant experience, a clear roadmap and whitepaper, partnerships with reputable organizations, and a proven track record of delivering on promises.
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bluedeep
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May 25, 2023, 09:07:57 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.
No altcoins is trustworthy, they're just there to make us profits and we don't have to trust them to achieve those profits. Altcoins are very volatile than Bitcoin which makes trading them very good since price difference are always there. Altcoins that might be reliable or trustworthy to you now because they're the hottest coins doesn't mean it'll stay that way forever, the narrative of an altcoins can change in matters of seconds and becomes a scam or not profiting investment. When investing in an altcoin, always have it in mind that you could lose all your money due to the project been rejected by the community or unprofessionalism by the founders of the project that makes investors not trust the project anymore. Well, not only altcoins but Bitcoin, stocks do not give us a guaranteed to get profit in the future, That's why it's recommended to do some research before investing in any altcoins project especially when a bull market is near there is a lot of new projects only want our money without any real development. A project that has good progress according to their roadmap and a good team in the project is worth to invest. In addition to investing in altcoins, if someone keeps investing in Bitcoin, then he can make a lot of money. And if he sells the invested coins thinking that he will lose after investing, then he will never be able to make a profit from investing. But his money There will be a possibility of loss. Therefore, before investing, think carefully and then invest.
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newdevices
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May 25, 2023, 09:54:02 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.
No altcoins is trustworthy, they're just there to make us profits and we don't have to trust them to achieve those profits. Altcoins are very volatile than Bitcoin which makes trading them very good since price difference are always there. Altcoins that might be reliable or trustworthy to you now because they're the hottest coins doesn't mean it'll stay that way forever, the narrative of an altcoins can change in matters of seconds and becomes a scam or not profiting investment. When investing in an altcoin, always have it in mind that you could lose all your money due to the project been rejected by the community or unprofessionalism by the founders of the project that makes investors not trust the project anymore. Well, not only altcoins but Bitcoin, stocks do not give us a guaranteed to get profit in the future, That's why it's recommended to do some research before investing in any altcoins project especially when a bull market is near there is a lot of new projects only want our money without any real development. A project that has good progress according to their roadmap and a good team in the project is worth to invest. In addition to investing in altcoins, if someone keeps investing in Bitcoin, then he can make a lot of money. And if he sells the invested coins thinking that he will lose after investing, then he will never be able to make a profit from investing. But his money There will be a possibility of loss. Therefore, before investing, think carefully and then invest. That is the importance of planning first because investing in crypto is certainly full of risks, make the wrong decision will cost you, for long term surely the best option is to invest in top coins and that is no doubt about it.
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smile1218
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May 29, 2023, 05:10:45 AM |
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A crypto project makes a reliable and trustworthy, It should have a strong and well experienced team of developers who are transparent about their identities and have a proven track record in the industry. It could ensure that the project is being managed by competent teams who are committed to the success of the project. The project should have a clear and well defined roadmap that shows that outlines of its goals and milestones. That can help to demonstrate the project clear vision and is working towards achieving their objectives. And also the project should have a strong community supporters who are actively involved in the development and promotion of the project. It helps to build trust and credibility of the project.
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podluznyj
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May 29, 2023, 04:25:58 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.
as for any, a project that can be trusted is those projects that really make a project, a team that does everything possible and not possible so that the project they created is relevant and has some kind of growth, such alcoins of such projects are trustworthy, for example, ethereum, who has been holding the tops of the crypto industry for how long
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shinratensei_
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May 29, 2023, 11:34:03 PM |
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the thing that makes crypto projects trusted is a solid team then a large and positive community coupled with good investors and backers make the project trusted. Remember that even with careful evaluation, investing in cryptocurrencies carries risks. It's important to conduct thorough research, diversify your portfolio, and consider your own risk tolerance and investment goals before making any investment decisions.
that's true, solid teams really shows how committed they are, there has been many cases that the team themselves doesn't even get confident with their project, always avoiding answering question that revolves around, that is a redflag because even the team don't have idea about the prospect of their project. but usually nowadays in investing i'd just outright follow some of best venture capital out there and just follow the project they invested and even IEO they followed and just like that i already encountered good project. i don't need the effort of spending days and night analysing some project which i honestly still have no idea after that, i'd just follow some company decision and im already set for investing in trustworthy and reliable project.
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Ngemmeng
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May 29, 2023, 11:51:35 PM |
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true, if most altcoins don't qualify as you say. but ETH and BNB qualify because in terms of credibility, fan base, high return low risk these two altcoins are beyond doubt. both have leading DEXs and transactions on the network are steadily increasing, investing in these two altcoins is the best investment right now.
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nesty
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May 30, 2023, 02:33:29 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.
A crypto project can be reliable and trustworthy if it is built on a strong foundation of trust, security and transparency. The project should have a clear and well defined roadmap that shows its goals and objectives. The team behind the project should be well experienced and knowledgeable developers who are committed to the goals of the project. A reliable crypto project should have also a secure and decentralized network that is resistant to attacks. It should have also a solid and strong support from the community and supporters who are actively participating in the growth of the project.
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Godday
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May 30, 2023, 02:48:53 AM |
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I think all crypto investments are objective. No one can really be trusted. It all depends on how and what kind of investment model you like. I've done research and investing several times and the lesson I've learned is to do it all at your own risk. Better to lose $100 on your choice than to lose $10 on someone else's choice. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Amejoaquim
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May 30, 2023, 03:50:33 AM |
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The prominence and history of the founders/leaders. If the project was developed by a world renowned, award winning computer scientist, then it’s a good sign. No promise of high APY, no cultists to shill their coin, their name isn't a dog/meme.
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Marcellin9 (OP)
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Activity: 224
Merit: 20
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June 01, 2023, 02:11:10 AM |
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I think all crypto investments are objective. No one can really be trusted. It all depends on how and what kind of investment model you like. I've done research and investing several times and the lesson I've learned is to do it all at your own risk. Better to lose $100 on your choice than to lose $10 on someone else's choice. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Good point. Every decision we make, every plan we implement has to be based on our own risk level.t There is no universal standard for any investment and all we have to do is do all on our own and at our risk. Losing money, at least in the beginning, is actually not a bad thing but a valuable lesson that everyone must learn in life. In this sense, the topic in the thread is objective and "reliable" or "trustworthy" is better explained in detail as we speak in different scenarios.
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Tessyb
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June 01, 2023, 05:09:27 AM |
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Trust is built over time and for a project to be seen to be trustworthy and reliable, they have to be present in the industry for a long period of time and consistently keep the community aware of their developments. The community needs to be aware that the project is still in existence and they need to be concerned about the interest of the investors and token holders.
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TheUltraElite
Legendary
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Activity: 2982
Merit: 1311
So anyway, I applied as a merit source :)
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June 07, 2023, 08:11:09 AM |
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Trust is built over time and for a project to be seen to be trustworthy and reliable, they have to be present in the industry for a long period of time and consistently keep the community aware of their developments. The community needs to be aware that the project is still in existence and they need to be concerned about the interest of the investors and token holders.
An ideal situation and indeed most altcoin projects will fail to tick those boxes. Bitcoin itself does not have a very public team but the concept has been supported by the community and therefore it has become so popular among netizens. Altcoins try to copy that fame and that leads to infamy and hype eventually collapse of the project because the core development is lacking. Growing community is often lacking as well because the short term gains via pump and dump attract more investors than long term holding.
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