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?
actually it's simple, if you want to invest in cryptocurrency safely, then you better choose coin that are in the top 100 coinmarketcap, because :
1. the project already has a product and progress, so it looks like this project is not going to be a scam;
2. coin has a high trading volume, making it easier for us to buy or sell it;
3. the price is faster to recover when there is a bear run in cryptocurrency market.
therefore I definitely invest in coin that are in the top 100 coinmarketcap, because the risk is less than I invest in new projects (unless I think the project has a good idea and I'm sure it will give me a profit).