How can I choose which cryptocurrency to invest in?

[1020kingz]

First thing you would consider is the team behind the project and all other documents of the project (social media, whitepaper etc.). Next is the utility of the token or coin you want to invest in. Also you can check what platforms their project backed up (VC, or other solid projects or exchanges). So far these things you must consider before choosing coin or token to invest.

Yes, those things are very important, but I think it is also important that you have to see very well where they will be in the exchanges, if it is a centralized exchange and the better, they don't like decentralized exchanges when it comes to new projects because it is It is very difficult for them to generate trust, they always rely on decently organized exchanges and promises to have them listed on Bianance, Kucoin, among others.

I like Projects that have some backing , for example Projects like casinos, but I hope they don't fail, that's the best, however I'm Always going to lean towards those that see a lot of future in them and that's where they benefit the most. study the way the characteristics that you say are very important.

Now more than ever we should see the things that concern us, like the capitalization of the market, how many clients they have, how much community they have, All that matters.

Ohh i missed that point. Thank you for sharing, I agree with it. Although decentralized exchanges are not bad, But it's a big factor if the project first launches in Centralized exchanges or they are backed up with them. It's not an assurance but you have the confidence that you did the right choice.

[yohananaomi]

When you see it in the whitepaper or road map, you think it's fine and you see that there are many communities and active in social media platforms or groups like discord, telegram and others, then you decide if it's fine for you. this apart from being listed among the top cryptos in the market.

No guarantee the projects are good although the roadmap and whitepaper look convincing. I've experienced many projects that have great whitepaper and clear roadmap, but they also end up with a failure. Most of the projects have the problem on the consistency in developing the projects. The projects are only good in the whitepaper, but in reality the projects are never implemented the same as in the description in the whitepaper. So, be careful and do more complex research! Don't too easy to believe in the whitepaper.

There are many aspects to being able to determine whether a project is good or not determining, of course, the whitepaper is also included in it and sometimes many people are fooled by the white paper that is presented, which is not necessarily, as you say, that it is not implemented properly. It must be remembered that many people copy and paste whitepapers from good projects and that is real and no longer a secret. Actually, a good project can also be seen from who is behind the project, because every experienced person can usually lead it to a good and reliable path.
Once again, luck cannot be separated from this phenomenon. they have analyzed it well. In the end. Luck is not on our side, the project is successful and does not pay properly or runs away.

[bettercrypto]

When you see it in the whitepaper or road map, you think it's fine and you see that there are many communities and active in social media platforms or groups like discord, telegram and others, then you decide if it's fine for you. this apart from being listed among the top cryptos in the market.

No guarantee the projects are good although the roadmap and whitepaper look convincing. I've experienced many projects that have great whitepaper and clear roadmap, but they also end up with a failure. Most of the projects have the problem on the consistency in developing the projects. The projects are only good in the whitepaper, but in reality the projects are never implemented the same as in the description in the whitepaper. So, be careful and do more complex research! Don't too easy to believe in the whitepaper.

Yes, you may have a point in what you are saying because there are other whitepapers that are just copied from others, and then they will revise it a little so that it does not become plagiarism in the community.

But even if that's what others do, it's still traceable that it's just copied. Apart from that, of course, maybe there aren't enough whitepapers or roadmaps; of course, tokenomics needs to be known first, and so on.

[bayu7adi]

Yes, you may have a point in what you are saying because there are other whitepapers that are just copied from others, and then they will revise it a little so that it does not become plagiarism in the community.

But even if that's what others do, it's still traceable that it's just copied. Apart from that, of course, maybe there aren't enough whitepapers or roadmaps; of course, tokenomics needs to be known first, and so on.

Even if you don't copy paste, a whitepaper will only become trash if its execution fails miserably. Usually crypto projects do not have mature calculations and minimal developer experience, which is what makes the final results of crypto projects that have just been released flawed.

We may be able to see developers who graduated from the number one university in the world and have worked in the world's highest companies for many years, but that is not enough... because we still often see cryptocurrency projects never becoming something big in the future.

Their goal is money.

[gunhell16]

Yes, you may have a point in what you are saying because there are other whitepapers that are just copied from others, and then they will revise it a little so that it does not become plagiarism in the community.

But even if that's what others do, it's still traceable that it's just copied. Apart from that, of course, maybe there aren't enough whitepapers or roadmaps; of course, tokenomics needs to be known first, and so on.

Even if you don't copy paste, a whitepaper will only become trash if its execution fails miserably. Usually crypto projects do not have mature calculations and minimal developer experience, which is what makes the final results of crypto projects that have just been released flawed.

We may be able to see developers who graduated from the number one university in the world and have worked in the world's highest companies for many years, but that is not enough... because we still often see cryptocurrency projects never becoming something big in the future.

Their goal is money.

If I'm just going to invest, what I'm going to do is buy cryptos that have potential that are already listed on various exchanges. I will not invest in new campaign projects that will appear in the crypto space. I would prefer that when I buy it, I can immediately start trading.

Because the risk involved is very high when you participate in new projects, it's even more complicated sometimes because sometimes the bridges that will be passed cause confusion to the investors as well, and others also get their investment stuck.

[dekafee79]

If I'm just going to invest, what I'm going to do is buy cryptos that have potential that are already listed on various exchanges. I will not invest in new campaign projects that will appear in the crypto space. I would prefer that when I buy it, I can immediately start trading.

Because the risk involved is very high when you participate in new projects, it's even more complicated sometimes because sometimes the bridges that will be passed cause confusion to the investors as well, and others also get their investment stuck.

Yes, we should invest in coins or tokens that are already listed on the exchange, but the safest thing is to buy top coins, it will be safer than tokens or new projects because the risk of new projects will be greater.

[yohananaomi]

If I'm just going to invest, what I'm going to do is buy cryptos that have potential that are already listed on various exchanges. I will not invest in new campaign projects that will appear in the crypto space. I would prefer that when I buy it, I can immediately start trading.

Because the risk involved is very high when you participate in new projects, it's even more complicated sometimes because sometimes the bridges that will be passed cause confusion to the investors as well, and others also get their investment stuck.

Yes, we should invest in coins or tokens that are already listed on the exchange, but the safest thing is to buy top coins, it will be safer than tokens or new projects because the risk of new projects will be greater.

New project are always attractive because they provide very good prices and more profits, but the guarantee is that they could be scam project or pay inappropriately, and even quite a few don't want to pay and disappear.
Agreed, just invest in real ones that are already listed on the stock exchange or, if you don't want to analyze them, use CMC to determine the options that have their best ranking, as an investment goal.

[debra]

There are many aspects to being able to determine whether a project is good or not determining, of course, the whitepaper is also included in it and sometimes many people are fooled by the white paper that is presented, which is not necessarily, as you say, that it is not implemented properly. It must be remembered that many people copy and paste whitepapers from good projects and that is real and no longer a secret. Actually, a good project can also be seen from who is behind the project, because every experienced person can usually lead it to a good and reliable path.

Yes, there are many things to be analyzed in a crypto project. It is sometimes not easy because the scammers become more innovative and smarter. If we only focus on the whitepaper, we can be easily deceived by them. Many scam projects have good whitepaper, it looks very convincing. But when we analyze the background of the teams, they have no clear information. So, don't forget other factor such as the infomartion of the teams and the project legality.

Once again, luck cannot be separated from this phenomenon. they have analyzed it well. In the end. Luck is not on our side, the project is successful and does not pay properly or runs away.

Luck will be always a part of every effort but knowledge has more role here.
Investing is not the same as gambling, luck is just a small part of this.

[Jamal Aezaz]

Yes, we should invest in coins or tokens that are already listed on the exchange, but the safest thing is to buy top coins, it will be safer than tokens or new projects because the risk of new projects will be greater.

Investment in already listed token will be more profitable and always search that on which exchange it has been listed. About old coin you have stronger evidence that it has given huge success to its holders but about new projects you will in doubt so always choose a project the success of which is doubtless.

Everyone knows that crypto is volatile and risky so we can overcome this risk by preferring old coins more than new coins. And someone wants to take this risk then go through the information of the token and continue your investment with little sum.

[milewilda]

If I'm just going to invest, what I'm going to do is buy cryptos that have potential that are already listed on various exchanges. I will not invest in new campaign projects that will appear in the crypto space. I would prefer that when I buy it, I can immediately start trading.

Because the risk involved is very high when you participate in new projects, it's even more complicated sometimes because sometimes the bridges that will be passed cause confusion to the investors as well, and others also get their investment stuck.

Yes, we should invest in coins or tokens that are already listed on the exchange, but the safest thing is to buy top coins, it will be safer than tokens or new projects because the risk of new projects will be greater.

New project are always attractive because they provide very good prices and more profits, but the guarantee is that they could be scam project or pay inappropriately, and even quite a few don't want to pay and disappear.
Agreed, just invest in real ones that are already listed on the stock exchange or, if you don't want to analyze them, use CMC to determine the options that have their best ranking, as an investment goal.

Everything which is new would really be considered at their base price on which we know that when it comes to profitability then there would really be that possibility that it could bring out that
multiple returns. Majority wont really be minding much when it comes to utility or usage or overall potential of the project but come to think that this would really be one of the most
basic information that you would really be needing to check on which on what narrative it is really included whether it would be included into those possible things that could
pump in bull run. Of course research is everything but doesnt mean it would give out that 100% assurance that you would be able to invest into those projects which could pump.
It all matters with community demand and recognition.

[yohananaomi]

Once again, luck cannot be separated from this phenomenon. they have analyzed it well. In the end. Luck is not on our side, the project is successful and does not pay properly or runs away.

Luck will be always a part of every effort but knowledge has more role here.
Investing is not the same as gambling, luck is just a small part of this.

Without any effort, sometimes luck can also come even though it is small, but it is true that with the effort they make, of course, they hope that there will always luck with every step we take. Agree that knowledge is also very important in anticipating every step they will take.
Obviously, investment is very different from gambling,. Gambling is only a factor of luck, but investment with analysis and planning in the placement of the funds they will do.

[Doovla]

It's always about DYOR, you should dedicate yourself to it, it is easier to copy other people's work and suggestions from some crypto site or application, but to be absolutely safe, you should devote time to research and learning how to achieve all the steps towards your goal.

[yohananaomi]

It's always about DYOR, you should dedicate yourself to it, it is easier to copy other people's work and suggestions from some crypto site or application, but to be absolutely safe, you should devote time to research and learning how to achieve all the steps towards your goal.

In whatever we do, we always have to be willing to analyze correctly whether what we are going to do is the best so that we don't experience losses later.
So you are right, try to take the time to analyze it well, or if you are lazy and don't want to make things difficult, you can use CMC to determine the best ranking that is there to invest in, because every best ranking is in itself the best.

[bettercrypto]

One way to select your next crypto investment is to look at the current market capitalization. This will not only show which cryptos are ranked the highest right now but also the curve of their value. Be aware of events around the world that affect the prices of cryptocurrencies.

You know there are many ways for us to determine if a coin or project has the potential to enter the cryptocurrency business. The main platforms I use are coinecko and cmc, geckoterminal, and dexscreener.

Apart from that, I'm checking the websites they have to find out the legitimacy of the new coin. That includes the social media group channels they have in their community.

[yohananaomi]

One way to select your next crypto investment is to look at the current market capitalization. This will not only show which cryptos are ranked the highest right now but also the curve of their value. Be aware of events around the world that affect the prices of cryptocurrencies.

You know there are many ways for us to determine if a coin or project has the potential to enter the cryptocurrency business. The main platforms I use are coinecko and cmc, geckoterminal, and dexscreener.

Apart from that, I'm checking the websites they have to find out the legitimacy of the new coin. That includes the social media group channels they have in their community.

You already know very well how to determine the investment in a coin so that you can determine whether it will produce results for you with the funds you have channeled to it.But you also have to remember that now many project owners are smarter about being able to trick their investors, even if you have entered their social media group channels. Don't be tempted by the sweet talk they make; they even dare to give you multiple profits, but in the end, what happens is that the price is below reality, so you will experience a loss.So check everything that can be done and analyze it as best as possible, because you already understand how, before making the correct choice.