Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EAGLECOIN][EA][POW][SHA256][LAUNCH SOON]
by
jc12345
on 02/07/2015, 13:42:19 UTC
Thanks for your answer,And do you think it's a good coin ?

One day is too little to determine if something is a good coin. A coin becomes "good" after a while based on several factors but the most important being dev attributes. Dev attributes consist of action / non-action, sincerity, commitment, skills and/or funding and whether the dev is legit or a scammer. There are also things like whether the coin gets adopted, popularity, usability and features. It is important therefore to watch the dev and then to make a risk assessment. Having said this, others will do the same and the principle of high risk high rewards come into play. Once a coin has establish itself as a good coin the price will reflect it and to get in then means that your profits will be lower. To maximise your potential profits you have to get in early in a coin that has promise but you can also lose all your money then. You have to make your own assessment of this coin as it is too early to tell. Statistically though almost all new alt-coins fail in the first few weeks and most of those failures are due to scamming devs that disappear after they have made their money, so the market will have to wait and see what happens and if this coin will be different or not.