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Board Marketplace
Re: Where do you look for information about new project/coin?
by
adzino
on 08/04/2023, 02:05:38 UTC
Here is how Im doing it: 

1. DYOR - always following my gut.

2. Check out website of project. Included in reading white pepper, see roadmap. 

3. Check out the project's social media.


Following these three steps, I can determine whether it is worthwhile to invest in something. 

How about you, would you add something to my list?
Wouldn't say this is the "perfect" way to look for information and judge if a project is going to do well or not. Your approach has lots of flaws. Following your gut is not really a reliable method when it comes to investing. You want to base your decisions on solid research, not just some random gut feelings that changes overtime. Websites, roadmap and whitepapers might look great, but sometimes they're just a front for something sketchy. And always remember, those are just some "words" that anyone can write. Never rely on those to determine the future of the project. Sure, read them, but don't forget to dig deeper. Some projects might overpromise  and underdeliver (things that might sound too good, but when it comes to reality, almost impossible to deliver). And lets not talk about the social media. You never know if those followers are real or just bots. So it's not the best way to judge a project's popularity. Instead, I'd suggest checking out this forum for announcement threads where people discuss these projects. Look for genuine opinions, keep an eye on trusted news sources for updates and red flags. Also, evaluate the team behind the project. If they aren't transparent about everything, abandon as soon as you can.