Post
Topic
Board Altcoin Discussion
Re: TIPS how to manage from losing when investing new projects.
by
sana54210
on 20/03/2022, 15:49:23 UTC
Few tips from me too  Roll Eyes

1. Check project's Whitepaper - do your research!
2. Check the Team/Roadmap/Tokenomics - check how things are described and if there is enough information, detailed roadmaps give the feeling of a brighter overview of the project's future.
3. A good time investment on the website/docs by the developer's side is always a good point to consider. Meaning that they're investing time and efforts in it.
4. Check their competitors and what advantages they have over them
5. Try to consider what future the project will have and their room for improvement
I have to say the first one doesn't make sense if the others are not correct, or it doesn't even matter if the others are great. If the team is not a fake one, if it is actually known and liked people in the crypto community, then it should be fine.

I have seen so many projects made by unknown people and even when their whitepaper was awesome, they went away and became a scam because at the end of the day we are talking about scammers here and anonymous accounts. However, I have seen so many projects that didn't have great whitepapers at first, but built a great team that we all know and heard about and eventually they all became better.