I like to discussing investing in Crypto. My working background is start-up technology, but healthcare and corporate as a focus. My former Due Diligence (vetting) criteria doesn't work well in this environment.
Here is my updated list of the criteria I have started to build for myself regarding evaluating crypto projects. (I wouldn't have made it this far if not for asking a lot of annoying questions in SteemSpeak and on the Blockchain.)
List for Evaluating Crypto for investment:
- How was the token distributed and what is the inflation model?
- Do they have a management strategy (governance model) that is functional and working? (how do they make decisions)
- Do they have solid security and technology?
- What is their story? What do they say about themselves on their sites, marketing, etc. Is it written by developers for developers and only understood by developers?
- Besides trading do they have a user-case or vision on why that coin needed to be created. (Market Need) Nice if you can make a new coffee pot, but does the market need one?
- Do they have an active Development Team that is funded in some way?
- Do they have easy to read technical sheets or white papers? (Current?)
- Who are the active "Execs" and how did their last project go?
Bitcoin is likely to be the last coin able to take 9 years to make a story.
What's missing and what do you think doesn't matter? How do you determine what projects you want to invest in?
investing in steem is the best :)
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Hi @whatsup,
Invested on XRP, XLM, NEO, ETH. Investment based on White Paper and reviews of experts. Wish to invest on STEEM and power up the Minnows...!!!
50% Upvoted by @MinnowsPower
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To me ETH seems promising at this point of time and LTC have the same pattern if followed as btc in terms of growth
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why that coin needed to be created. Yes this is the deciding factor and I always try to watch for it, All other points you have made here are also quite logical but this one I liked the most.
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I am new this subject and still in leaning ...
thank you @whatsup for letting us know your Crypto Evaluating criteria before investing
I am just reading the white paper, but that too still confusing
Cheers!
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@whatsup,
Mainly I am reading the white paper and eco system of the project! But probably I am not investing on ICO and ITO! I had very bad experiences with them :D Project concept can be strong but I never trust owners! Most of them are scammy minded people so stay with well known projects like BTC, LTC, XMR, STEEM, BTS!
If you need my help to build your ITO top of the SMT as you said in previous article, yeah I have a small knowledge about it :D
Cheers~
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Hi @whatsup, Your List for Evaluating Crypto for investment is valuable. Lots of crypto experts talk about some complex things that beginners like me don't understand. You've asked very simple questions and taught users the basics of a crypto coin in just one post. I really appreciate it. Good job!
As so much is going on in the crypto world during last couple of weeks and it continues due to upcoming Bitcoin hardfork. MY question to you is:
Steem On!
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I am about even between Steem and Bitcoin, I also hold Stratus and ETH.
Nobody should take my trading advice though as I am a relative newbie.
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I am invested into Bitshares and EOS cause one; I see a future in both of them, with possible +1000x increase in price (due to its utility and technology). And two, the fact that I 100% support what they stand for.
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Excellent article, all your criteria are justified and have a certain meaning. Investing in general requires a deep analysis and calculations. In my opinion, now it's safe to invest in Altcoins from the top ten by capitalization, even if prices have fallen now, and of course do not forget about STEEM. Thank you @whatsup
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Just for fun i bought 100,000 coins each in the .001 price range like Dogecoin, Bytecoin, Digital Note, Quazarcoin and the best so far has been the Fantom coin which is around 11 cents now. My main investing is in Ripple and Lisk plus some startups like Sparklecoin(Diamonds), Sandcoin(Land), Bitair(Travel), Nova and Narbonne(Banking). But always keep half that amount sitting in Bit, Lite and Ether.
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This wonderful post has received a bellyrub 1.91 % upvote from @bellyrub thanks to this cool cat: @whatsup. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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Cryptocurrencies are the future and thank
goodness that we are part of it..good post
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Thanks for giving the chance to enjoy this beautiful news
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@whatsup - Ma'm, I have no good technical analysis knowledge.... I'm using coinmarketcap to understand where I want to invest on.... I like to invest on small coins.... but it gives me mix feelings (profit & loss) ma'm.... You asked a very interesting question.... Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
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Interessing crypto post thank you for sharing this helpful post
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Nice post
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Just launching new coins with the need or necessity will only lead to its fall.
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Yes bro you are right
Thanks you very much
good post my friend
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In early days, bitcoin was unstable but I think now its the most stable currency on internet...
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