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Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???
« on: April 26, 2024, 11:09:35 PM »What I never study is the road map. As for me, this is complete crap, you can write anything very beautifully, but in practice everything will be wrong. The same is true with usefulness, showing off is already an integral part of the crypto industry , and also, if possible, use as many incomprehensible words as possible. I suspect that even the authors do not always understand the meaning of the words they use.And even this does not guarantee success when investing. Of course, the track record is important but not primary. The same marketing can easily bring a coin to the top. I think it’s also worth paying attention to what branch of the crypto industry the project is going to develop in. If I see something like green energy or telemedicine, no matter how well-deserved the team behind the project is, I will definitely miss this project.
Track records can help you to minimize your Investment in scam projects and you will have heard that by collecting data about creators you will know that is he introducing profitable projects or scamming one so you will not miss the opportunity if you work hard before investment for gathering data.
I think we should not make things complicated for ourselves and by keeping in mind about three or four qualities of a project we can choose it, like the team of the project, market cap, roadmap and utility.