How do you go about finding good projects?

[Alone055]

There are still many good pre sales projects in the market, so we need to have experience to separate the good from the bad.

I don't agree with that, and I'll tell you why.

Those were old times when most of the projects, including the good ones, used to run presales and allow even retail investors to get a share of the tokens before the public sale, but these days, good projects are funded by VCs and exchange platforms that get a share of the tokens and in return, provide funding for the projects to get through their development stage and become a full-fledged project.

Now, the projects that mostly run presales these days are potential scams because they couldn't get any VC to back them up or find an exchange that would launch them through their launchpad, and the last resort left for them is running presales and trying to persuade the general public to invest in them.

[bitterguy28]

Those were old times when most of the projects, including the good ones, used to run presales and allow even retail investors to get a share of the tokens before the public sale, but these days, good projects are funded by VCs and exchange platforms that get a share of the tokens and in return, provide funding for the projects to get through their development stage and become a full-fledged project.

we have to understand that there is some logic to having investors invest in a project so it can be built more efficiently but the problem is that many of these projects dedicate too much of their distribution to the developers and investors instead of the general public who wants to actually buy more of these coins or tokens and this is simply not sustainable

Now, the projects that mostly run presales these days are potential scams because they couldn't get any VC to back them up or find an exchange that would launch them through their launchpad, and the last resort left for them is running presales and trying to persuade the general public to invest in them.

it is not the lack of funding they simply just wanted quick profit from the get go

[Mr. Magkaisa]

There are still many good pre sales projects in the market, so we need to have experience to separate the good from the bad.

I don't agree with that, and I'll tell you why.

Those were old times when most of the projects, including the good ones, used to run presales and allow even retail investors to get a share of the tokens before the public sale, but these days, good projects are funded by VCs and exchange platforms that get a share of the tokens and in return, provide funding for the projects to get through their development stage and become a full-fledged project.

Now, the projects that mostly run presales these days are potential scams because they couldn't get any VC to back them up or find an exchange that would launch them through their launchpad, and the last resort left for them is running presales and trying to persuade the general public to invest in them.

        -      In reality, participating in pre-sales is also very risky, so it's hard to trust them blindly, though no doubt the marketing strategy that scammers use to their victims is also very good, which is why it's not immediately obvious that it's a scam.

It's just that those who say otherwise are always right, and if you have a broad idea of ​​what scammers do, you're far from falling victim to their traps.

[Crypto Library]

Not all coins and tokens within the ecosystem of the crypto world should be bought for long-term investment and storage, meme coins are often Pearls of Great Price but usually have low life expectancy. You already know that most of these coins do not have any stability in value, thus selling them as soon as they are out on the market could be considered the best decision. It becomes clear that people focus on the initial jump of the price, but they do not know that within a few hours or days the price falls. This is what you are telling me, and it makes sense given the fact that you now know how meme coins generally work and you don’t have to be influenced by the hype that often surrounds the newly launched tokens.

Just as what you said is true, we do the opposite.
We also invest in memecoins in the hope of higher profits and sometimes we forget that if we want to invest in memecoins, it is better not to do it for the long-term.  Also, I will not say that no one has benefited from investing in memecoin for the long term, of course, many have been seen to have earned from just a few hundred dollars to millions of dollars. But they are a lot like a lottery.
And even if we want to participate in this lottery, we have to invest a very small amount of funds if we want to invest for a long time, that too in memecoin.

[Promocodeudo]

Maybe just pick from the projects that stood the test of times instead of hunting for these so called 'good projects'? There are so many trash new projects anyways that spending time to even read one or two pages of their whitepaper is already a huge waste of time. It's better to save your energy and let the market weed out the bad eggs for you.

I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.

[tequilla_sunset]

I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.

BTC should always be the biggest concern in your portfolio.

All the rest are just possibilities to grab, which are not certain.

[milewilda]

I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.

BTC should always be the biggest concern in your portfolio.

All the rest are just possibilities to grab, which are not certain.

Even Bitcoin wouldnt be certain and we do know that there's no such thing about being certain or assurance here on crypto world even if we do speak about into that top ranking coin on which everyone is really that trusting or mainly supporting on. Despite on having no assurance but cant be denied on what Bitcoin did really give us out on which this is really something revolutionary and made out that kind of benefit for human kind in terms of p2p transactions without 3rd party involved plus having that kind of pseudonymous feature on which it did really bring out that huge interest and attention to. Trying out to make out some comparison in Bitcoin and altcoins then it would really be that up to you on which one you would really be choosing but if you do really have that enough capital or money that you can put into then it will really be that not a problem at all.

[Dr.Bitcoin_Strange]

I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.

BTC should always be the biggest concern in your portfolio.

All the rest are just possibilities to grab, which are not certain.

Even Bitcoin wouldnt be certain and we do know that there's no such thing about being certain or assurance here on crypto world even if we do speak about into that top ranking coin on which everyone is really that trusting or mainly supporting on. Despite on having no assurance but cant be denied on what Bitcoin did really give us out on which this is really something revolutionary and made out that kind of benefit for human kind in terms of p2p transactions without 3rd party involved plus having that kind of pseudonymous feature on which it did really bring out that huge interest and attention to. Trying out to make out some comparison in Bitcoin and altcoins then it would really be that up to you on which one you would really be choosing but if you do really have that enough capital or money that you can put into then it will really be that not a problem at all.

This time around, there are only so many shot coins and scam projects flooding the crypto space and if an investor is not smart enough, they will just fall victim for one of those scam projects and the challenge is that, if you don't look closely, you can not differentiate those projects from the ones that have good intention. That's the reason why I just prefer to invest in Bitcoin and partially on the old successful projects, example is bnb.

[bayu7adi]

This time around, there are only so many shot coins and scam projects flooding the crypto space and if an investor is not smart enough, they will just fall victim for one of those scam projects and the challenge is that, if you don't look closely, you can not differentiate those projects from the ones that have good intention. That's the reason why I just prefer to invest in Bitcoin and partially on the old successful projects, example is bnb.

However, the potential for big profits is more open for new projects, where the coin price will be very cheap and the possibility of exploding up to +1000% is still wide open ... although it tends to be unsafe, but +1000% in BTC is currently quite impossible ....

To choose a new project that has the potential to provide big profits, I think the weight is 40% luck, 50% insider connections and 10% analysis ... yes, insider connections such as pump & dump groups, or from secret communities that have power over the crypto world, are very influential ... then, luck is still an important factor in getting profit in every decision ...because no matter how good the analysis is, if he is not lucky, he will still lose.

[Hisbullah]

I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.

BTC should always be the biggest concern in your portfolio.

All the rest are just possibilities to grab, which are not certain.

Even Bitcoin wouldnt be certain and we do know that there's no such thing about being certain or assurance here on crypto world even if we do speak about into that top ranking coin on which everyone is really that trusting or mainly supporting on. Despite on having no assurance but cant be denied on what Bitcoin did really give us out on which this is really something revolutionary and made out that kind of benefit for human kind in terms of p2p transactions without 3rd party involved plus having that kind of pseudonymous feature on which it did really bring out that huge interest and attention to. Trying out to make out some comparison in Bitcoin and altcoins then it would really be that up to you on which one you would really be choosing but if you do really have that enough capital or money that you can put into then it will really be that not a problem at all.

This time around, there are only so many shot coins and scam projects flooding the crypto space and if an investor is not smart enough, they will just fall victim for one of those scam projects and the challenge is that, if you don't look closely, you can not differentiate those projects from the ones that have good intention. That's the reason why I just prefer to invest in Bitcoin and partially on the old successful projects, example is bnb.

Bitcoin and successful old projects are our choice to invest, if we want to be safe with our money. because many new projects are fraudulent projects, it is better to do research and make analysis before investing in new projects. Look at the fundamentals and the man behind the project. I have not invested in new projects for a long time, because I think new projects are very risky and take a lot of time to do research.

[Blaze]

Bitcoin and successful old projects are our choice to invest, if we want to be safe with our money. because many new projects are fraudulent projects, it is better to do research and make analysis before investing in new projects. Look at the fundamentals and the man behind the project. I have not invested in new projects for a long time, because I think new projects are very risky and take a lot of time to do research.

You are right on noting that it is wiser to select an investment asset that has been able to remain in existence irrespective of the Industry trends in the market. Some candidates are always more familiar with such assets because they have experienced different trends in the market. Indeed we are able to notice numerous new projects coming with all sorts of beautiful prospects, but few of them are able to hang on or even often end up a loss to the investors. It is normal that you believe a new project to be rather dangerous, particularly if it requires you a long time to find out that it is a credible one. It is not possible which everyone has interest or readiness to go in every look that come and it makes sense to stay with the assets that are already familiar. Still, each person has his or her approach towards exposing risks and finding comfort in investment enclave.

[Fivestar4everMVP]

With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.

It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.

Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.

I've learnt the hard way to avoid any project that is endorsed or created by any celebrity, way back some years ago (I can't remember what year exactly) I invested heavily into a project that was endorsed by Bow wow and Mario, both are well known musicians, I invested in this project because of the love and trust I had in this both artists, but unfortunately, this project later ended up being a scam, I lost a very huge amount of money, I was very disappointed to be honest, this was when I started staying away from projects that are endorsed by celebrities.

And speaking of finding good project, the points you gave are all valid, but another one to also note is, if one want to reduce the risk of picking the wrong project, they should simply invest only in Altcoins that are already listed on large exchanges and have good community.

[omori]

Bitcoin and successful old projects are our choice to invest, if we want to be safe with our money. because many new projects are fraudulent projects, it is better to do research and make analysis before investing in new projects. Look at the fundamentals and the man behind the project. I have not invested in new projects for a long time, because I think new projects are very risky and take a lot of time to do research.

BTC is certain, others - not so much, but the possibility is always there to try and grab the potential by its tail (with big risks attached).

[enwi]

I've learnt the hard way to avoid any project that is endorsed or created by any celebrity, way back some years ago (I can't remember what year exactly) I invested heavily into a project that was endorsed by Bow wow and Mario, both are well known musicians, I invested in this project because of the love and trust I had in this both artists, but unfortunately, this project later ended up being a scam, I lost a very huge amount of money, I was very disappointed to be honest, this was when I started staying away from projects that are endorsed by celebrities.

And speaking of finding good project, the points you gave are all valid, but another one to also note is, if one want to reduce the risk of picking the wrong project, they should simply invest only in Altcoins that are already listed on large exchanges and have good community.

I can understand why you have stopped investing in celebrity-centred projects after going through the event. People get involved into it due to the buzz, and the sweet words, this is especially the case when it is backed up with massive support of celebrities, who already have many fans. Regrettably, many of those projects are just using fame without having a vision that will make them sustain for the unspecified future. Of course, the decision to be more selective when it comes to deciding on assets that should be bought indeed stem from the sorts of experiences that you have undergone. There are certainly many potential warning signs that can be associated with a project’s credibility and yes, the existence of a company on a major exchange and a strong community would be one means reducing risk. Such circumstances make a person wiser and have a better outlook in choosing for their own investment opportunities.