TODAY'S DISCUSSION
Today i would like us to discuss on how to identify a project that can last long which will not make us loose our hard earned money.
there are thousands of cryptocurrencies right now and all cryptocurrency has and nice and interesting white paper, but at the long run most of them fail and do not meet the expectations of investors.
let's learn from each other on what criteria to consider before investing in crypto.
Happy engagements
topic from @insight.pob
PROJECT DESCRIPTION
VYB_POBSTRTEET is a daily project which is intended to help the community in engagement and in popularity and seek for any potential problems in the community and its possible solution.
This project is an initiative of @insight.pob and @onealfa.pob or @onealfa.vyb, where there will be a daily topic raised in which everybody can engage in it, if you have any topics suggestion kindly drop it in the comment section with #Topic.
MOTIVE
to attract and bring new members to the vyb and pob community.
support new members and guide them on any issues they are facing
to build the pob community
i want pobstreet to be the mind of the community members, i want a system that will reward every good content that is helpful to the community.
to attract and bring new members to the vyb and pob community.
support new members and guide them on any issues they are facing
to build the pob community
i want pobstreet to be the mind of the community members, i want a system that will reward every good content that is helpful to the community.
Vision, Use Case, Roadmap, Past Performance and lastly the evolution and innovation of the project. No matter how good a project at launch, it always needs active enhancements and adaptability according to users feedback and requirements. The Project Leaders should always be consistent in their efforts and ready to work on every aspect. Then comes How's the buzz around the project in the media, social media. How wider its user base is and how much confidence it had in the masses. But nothing is permanent, always DYOR and Invest at your own risk. Higher the risk, higher the rewards.
Good day everyone
Before investing in any project,I do check how influential the project are by how much Community it has holders and check the numbers of whale then I judge if this will dump or not.
And project with updates on Twitter is a sign of withstanding dip
This is quite awesome and interesting to partake on but first before investing in crypto you should know that your engaging yourself into risk which shouldn't be a problem because of the the inflation and deflation of price but the main thing is to invest wisely. If you don't have the mind to stake high, stake the amount you believe you can lose that wouldn't be a problem.
Identifying good project to invest in crypto is simple and hard sometimes but to me I will look at the what is the purpose of creating that coins ,a coins with a purpose will always last long In the market,just look at bnb btc and other main coins ,bnd for example it will be hard for bnb to wipe out of the market because it's an exchange coins , mostly exchange coins is best to invest in
And also before investing in coins we need to look at the whales holding it ,an talking about new coins ,at least 30people must old that coins ,this is to avoid dumping and look at the market cap ,how are they handling their social network,if they are active and those who created the coins shows their self ,I mean face ,this can also boost your assurance that that particular coins is not a scam
They are several ways to look at when investing,I made a post about it last year
Here
You can check it out may be it will be helpful
Honestly this requires alot of calmness on most occasions, cause at times some projects so act as if they can stand the test of time at the beginning.
But it level of longevity too is very important in determining how good and useful such project will.
Let take the leofinace as an example,to me it as really show that it is a project that has lot of benefit not just to the community alone,but to everyone in the community.
To identity a great project ahead that won't rug pull later, I use to judge those project by the numbers of holders it has as a sign of strong Community
A good project project that can withstand test of time,I do detect that from thier roadmap how unique it is and how much it will solve problems (usecase) and it's trend like if metaverse is reigning and it's Dex I won't go for it
A very good question that many needs.
The way a project gives update and news speaks a lot.
A project that's just silent will dump.this is why I don't like proofofbrain silence.
But a project with update which host AMA, people would be encouraged to hold.
How frequent a crypto project gives news matters alot
Update alone won't do it to my experience but how those update carry people along and how it has effect on its price
Knowing a good project that will overcome test of time is by it's usecase.
How solid the usecase of the project will be and how much and fast they covered thier roadmap(project Roadmap is very important).
This why hive can't crash because there is a good usecase of Curation earning Fiat hbd with your staked hive
Exactly crypto now, are too clean and attractive that it very hard to identify a good and promising project from that of a fake. As for me I do invest in crypto wallets and anytime i want to invest I make sure I do my research end to end. It very necessary. After I had been confused that well it not bad, invest. After investing in any crypto make sure I say updated in and out . You might not be the developer but what ever he/she does you think twice to make sure if there could be problems you won't be affected.