Quote from: gwaposakon on February 02, 2020, 06:59:13 AM

Quote from: -Multivitamina- on February 01, 2020, 07:02:00 PM

There is no shortage of coins and tokens in the crypto-industry. How many of them are any good is the question.

Evaluating the economics, technology, and marketing of just one project is hard. There are thousands of projects out there. Its impossible to come up with a universally applicable method to tell good projects from bad ones.

Yet, somehow people get by and manage to navigate among all the options in the cryptocurrency market. How?

When there are too many things to choose from and the time is limited, people, animals, and computers sometimes use heuristicsproblem-solving approaches that arent necessarily optimal or rational, but they work well enough in most cases and save some time if youre lucky.

https://forklog.media/how-to-spot-a-shitcoin/

I would also on how the project and developers answer their investors and supporters in their social media sites and support chat. Legit projects and their crypto normally make it their responsibility to answer inquiries and questions of their users. As long as supporters get updates about the development of the project, I mean real person and not bots, I think the project is ok.

This for sure is not the only criteria which we should consider before investing into any markets. There also are some other points which should be considered in order to see if the coin has the potential or may end up being a shitcoin.

The volume behind the coin might be the first and foremost characteristics any investors would consider first. Then comes the market cap, rank of the coin, team behind the coin, product behind the coin, their source code, important updates from the project and much more. Also the coin should have demand in the future which would derive the price on an increasing order and hence we should never forget to check if the coin would be dependable in the future.