Post
Topic
Board Altcoin Discussion
Re: How do I know the trustworthyness of a new coin?
by
minersday
on 08/04/2019, 18:48:27 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!
First and foremost, a new crypto coin can be considered as a coin with high potential when the coin is actually backed by a working product that has a specific aim in providing solutions to the gaps since in the world and the crypto space. New crypto coins with no specific feasible aims have the tendency of becoming shitcoins. I will encourage that you spend some time researching and reading more about any new crypto coin you come across before taking any action. This will help you know whether the coin has a good potential of becoming a great coin.