Post
Topic
Board Altcoin Discussion
Re: How do I know the trustworthyness of a new coin?
by
dark08
on 28/02/2019, 09:52:11 UTC
Hi people,
I am relatively new in this field. Having done some "trading" of alt coins in 2018, I would like to seek the opinion of more experienced traders and hopefully gain an insight as to how can I better differentiate coins with higher potential and coins which are basically crap.

Thanks in advance!

Basically the best thing you can do to determine which altcoin have a high potential to shine in the market is check first the white paper: this include their roadmap and how the project works in that case you can gain knowledge if the project have a strong fundamental to run in a long term. Consider also the team behind the project because in this kind of industry there's a lot of scammer in the market, if you do this step you can decide which altcoin have a potential and which altcoin is scam(shitcoin).