A lot of people have been burned by founders running away with with ICO money. It tarnishes the reputation of cryptocurrencies and I believe we should help educate new investors as soon as possible.
Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?
And what are the red flags that you often see people fall for?
Its up to a person to decide which project worth investing in.
My criterias are:
1. Clear and completable goals
2. Project is here for a year at least. Even if it just proceeded to enter market - information about early developing should be available.
3. Team is not anonymous.
4. If its an established project, the price should be in bullish movement, but I will buy on dip.
Red flags are the opposite of these basically
Anonymous does not mean the coin or project is a scam because the creator of bitcoin is not known until now. But I agree that we should know the team of a project if they sell tokens because we have to know what products will be produced and also the progress of the project.