Is there a digital currency with higher security?

[Firlis]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

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[Xal0lex]

Very simple. See investment rounds, who is the baker, a major investor in the project, where the project's token sale is held, which exchanges the project is traded on, its tokenomics, the roadmap, the developers' portfolio, and much more.

This is the best way to screen new projects if you really want to invest. If you want to play roulette, then just invest at random, in everything you see first

[Silberman]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

Look this is not rocket science, I am sure that deep down you already know what you have to do in order to identify scams, it is just the majority of the people out there simply do not want to follow those steps, as if you really took the time to do your due diligence then you will need to spend months investigating hundreds of projects, only to not find a single one worth your time, and if that is the case then you should give up on those projects as I doubt that even experimented investors could reach a high accuracy rate when picking one of those coins.

[TheGreatPython]

Very simple. See investment rounds, who is the baker, a major investor in the project, where the project's token sale is held, which exchanges the project is traded on, its tokenomics, the roadmap, the developers' portfolio, and much more.

This is the best way to screen new projects if you really want to invest. If you want to play roulette, then just invest at random, in everything you see first

Investment rounds? Where is it located at? I only remember games and rounds and investor-based games here in the forum. Looking at who is investing in the project is not enough. We might see a big investor but we shouldn't be happy and do the same thing because it might only be a whale or a part of the projects team whose goal is to manipulate the value of the coin.

Good thing, you gave other factors and we should also check them to have a better judgment of the project. Your response here seems the one the OP is looking for but I think its title is a little different. At first I thought he is looking for those privacy-based coins like Monero.

[aylabadia05]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

The new project features a promising roadmap with a different promotion model. Each of them makes an ANN about the project they are going to run. We often find in ANN if member photos displayed in ANN like to cheat.
No matter how good their concept is, it is very likely that the many that appear in the crypto space will end up being scams.

The unique piece of advice you can hear from people is be careful.
Switch to Bitcoin if you don't want to feel the pain of being tricked.

[hugeblack]

In general, make the basic assumption for you that any non-bitcoin crypto is scam, unless strong evidence proves otherwise, and this evidence means that you can invest in this currency as the highest level of risk.

So, the beginning is to diversify your investments from safe, low-risk, medium, and high-risk investments, and very high-risk investments(it is likely that you will lose them.) Do not make the value of very high-risk investments more than 10% of your investment amount, and then you can divide it into 5 projects at a rate of 2% for each project.

Now for positive indicators:

 - Having a technical team that wants to solve a real problem.
 - A roadmap that ultimately aims to solve this problem.
 - They do not promise you a quick profit or an investment for the purpose of profit.
 - Most of the coins/tokens are not controlled by the developer team.
 - There is no control over burning.
 - To not be decentralized, even if they are central, to have clear solutions to comply with legal legislation.

[jossiel]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable.

You're right and that's why majority of them are just like an addition to the market without having any contribution because all of them are made to be nothing.

How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

You don't have to go that far on this one.

Buy Bitcoin, its network is secured and you don't have to wonder why people are always suggesting it to have. It's simple because it's the top and if you're looking for a security, check its history.

[GreatArkansas]

(....)

How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

You don't have to go that far on this one.

Buy Bitcoin, its network is secured and you don't have to wonder why people are always suggesting it to have. It's simple because it's the top and if you're looking for a security, check its history.

Nothing wrong with altcoins, I believe. It's just a simple high risk: high reward.
That's why people are very tempted to invest in random altcoins rather than Bitcoin because of the reward, which this reward is extremely high, there are a lot of altcoins that can be examples of this.

what @hugeblack said above me is a good strategy when investing in altcoins, identify the risks of each altcoin you want to invest and allocate a specific amount for that, don't go all in.

[JIAcheng.LI]

The ES universe Cryptocurrency I'm waiting for can be used in any scenario with real decentralized technology and dual offline transactions. You can pay attention to its release or visit its official website.

[jossiel]

(....)

How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

You don't have to go that far on this one.

Buy Bitcoin, its network is secured and you don't have to wonder why people are always suggesting it to have. It's simple because it's the top and if you're looking for a security, check its history.

Nothing wrong with altcoins, I believe. It's just a simple high risk: high reward.
That's why people are very tempted to invest in random altcoins rather than Bitcoin because of the reward, which this reward is extremely high, there are a lot of altcoins that can be examples of this.

Yes, it's common to see altcoins and everyone do understand that it's a high risk - high reward type of investment. But if OP is for the security whether it's with its network and as an asset per se, Bitcoin is top notch and everyone knows that.

what @hugeblack said above me is a good strategy when investing in altcoins, identify the risks of each altcoin you want to invest and allocate a specific amount for that, don't go all in.

I agree of not going all in on it.

I've got mistake in the past that I've decided to go all in for a few projects and altcoins that I thought will rise in the future. But that didn't happened so a mistake that I'm learning and applying the lesson to myself now.

[makishart]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them? 

There are so many things that could be used as measurements to determine whether that was a scam or not.

If you are looking for crypto with higher security and it must be bitcoin which is truly decentralized currency. Your topic is a bit off topic caused by you were asking about how to identify a scam project.

The main concern if you shall try to take a look at the background from the project. As long as the project backed by some big names and i can assume if they have been fully doxxed.

I hope everyone can make suggestions so that more people can learn from experience

There are so many existing threads that have been discussing about this. You need to dig it a deeper to get what you wanted.

[nelson4lov]

The following factors have guided investments into alternative crypto projects other than bitcoin over the years.

- Team (important)
- Project value proposition
- Community (important)
- Tokenmetrics

I might have missed a few things but these are the key areas to start doing your research from. In every aspect, we want to ask how and why questions - For instance: How is the Tokenmetrics defined? Who gets what and when? Questions like this will help provide some path to understanding the project and coming up with a final decision.

[goaldigger]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

Bitcoin is your best option, if you can’t find any with the altcoins then choose the top coins.
With regards to security, you should have a good wallet as well where you have the control over your crypto. The market is getting more risky, so invest only what you can afford to lose and don’t forget to take profit. The bull is about to happen, that’s the best time to take profit and now is the time to accumulate more.

[AmoreJaz]

The following factors have guided investments into alternative crypto projects other than bitcoin over the years.

- Team (important)
- Project value proposition
- Community (important)
- Tokenmetrics

I might have missed a few things but these are the key areas to start doing your research from. In every aspect, we want to ask how and why questions - For instance: How is the Tokenmetrics defined? Who gets what and when? Questions like this will help provide some path to understanding the project and coming up with a final decision.

you can add in your list, how they are doing implementing their use case. so it is about the performance of the project when it is already out. because the project value proposition may be good, but its actual use case is a flop. we have seen a lot of well-written whitepapers where we initially thought that the project will be valuable. but when it comes to actual implementation, they couldn't get users on board..

[|MINER|]

  New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them?  I hope everyone can make suggestions so that more people can learn from experience

Digital currency or crypto currencies because the ain't the same dude. However it is true that if you mean crypto currencies by digital currency then yes crypto currencies contained higher securities from the fiat currency holding or putting on bank. But you have also reminded that not all cryptocurrencies are contained that higher security. In this case you have to find the best one for the best security, and for this, you have to follow some facts before choosing that currency like that should be well decentralised eco system ,, there is a good one that is Bitcoin.

[Ojima-ojo]

In general, make the basic assumption for you that any non-bitcoin crypto is scam, unless strong evidence proves otherwise, and this evidence means that you can invest in this currency as the highest level of risk.

Any investment aside bitcoin is indeed high risk and at that it should be done with high caution and ability to not trust to much on them unless it is proven otherwise becuasthe risk level of altcoin even the most potential one is high and at that altcoin becomes a bad alternative invest vs Bitcoin.


Altcoins should be taken as a gamble and not form of investment, because there is not future possibilities when it come to altcoin unless for a few of them have moved on Bitcoin pattern even though some of them are highly centralised.

So, the beginning is to diversify your investments from safe, low-risk, medium, and high-risk investments, and very high-risk investments(it is likely that you will lose them.) Do not make the value of very high-risk investments more than 10% of your investment amount, and then you can divide it into 5 projects at a rate of 2% for each project.

Do you mean diversifying the investment between altcoins or by diversification you mean holding Bitcoin at a higher percentage and also holding some potential coins?

Now for positive indicators:

 - Having a technical team that wants to solve a real problem.
 - A roadmap that ultimately aims to solve this problem.
 - They do not promise you a quick profit or an investment for the purpose of profit.
 - Most of the coins/tokens are not controlled by the developer team.
 - There is no control over burning.
 - To not be decentralized, even if they are central, to have clear solutions to comply with legal legislation.

All the offer mentioned criteria and features are attributes of a good project but the only thing missing in the above list is the place of an ecosystem because as a project there is a need for liquidity provision and the ecosystem to drive the project to success.

[Slow death]

there are many projects today, but even when we didn't have many projects, the question we all had and must ask ourselves today is still the same question: why do we need a certain project? for example, we already have bitcoin, which is decentralized, so people are interested in bitcoin for that reason and for the profits they can get. right, so why do we need other altcoins? then another altcoin appears with less transaction fees, something bitcoin did not have, so it was acceptable, and a useful project, but one day it could be obsolete when bitcoin has low transaction fees

so it wouldn't make sense for a person to put a lot of money into a project that all it has to offer is a low transaction fee, then comes ETH with its smart contracts and other functions, it makes sense for people to put money into ETH, now it doesn't start to make sense to put money into projects that offer the same things as ETH, i.e. they are copies of ETH. then comes a meme altcoin, honestly, what's so special about this meme altcoin? anything! the main point is what new thing a certain project will be bringing and that's what we have to ask ourselves

[awik p]

to identify a new coin may be more difficult than investing in an existing coin that was born a long time ago. many people misanalyze it, but of course not all new coins will just turn to ashes, there are also some that are good for the future. However, we must be aware of our capacity to analyze, there is a better choice by investing in a major coin that has minimal risk, and we can only hold it until we make a profit, and of course it will be safe to hold in the long term, but if we want to learn, don't forget to manage finances well, because we are aware of the high risks

[libert19]

Title could have been better, it's completely different than what's proposed in body.

To answer, I'd add 'wise' community backing the project. Check any popular currencies, be it a Bitcoin, Ethereum, Atom, Hive, etc. They have genius members. You give a strong platform — community strengthens it, maintains it, promotes it.

Stay away from projects who promise quick returns, such project will only have moonbois and project will fall. By looking at the engagement between team and community, you can understand much.

[umbara ardian]

Many newbies worry about fraud and risks in the crypto space. The truth is that there are many crypto projects that are not trustworthy or even scam. It is important to choose your investments carefully and stay vigilant.

When investing in altcoins, it is important to understand the project, its technology, and its development team. Thorough and careful research is required before deciding to invest in any particular altcoin.

Reasonable budget allocation is a wise decision. Don't pour all your money into one altcoin or overinvest. To minimize risk, make sure you plan to diversify your investments and keep part of your profits in another asset.