How can I see the progress and plans of the coins for the future?

[lixer]

Thanks for summarizing the answer to OP question, there's no way of accurately knowing the potentials of any altcoins in the future, what you need to do is DYOR. Even that is not enough, to be on the safer side, it's best to buy with the amount that you can afford to loose because your choice altcoin might dip and never recover, meaning that your investment fund will be burnt.

Not only that DYOR can help us to be on the safer side and prevent losing big time but it can also allow us to find a really good project which can make us to earn a really good income. DYOR can be a general term already, so this also includes other stuffs like on how to invest properly, so we can automatically invest only amounts within our reach, together with that coin of our choice.

As you've noted it's important to sale when there's a pump, no need to wait whether it'll pump further because the opposite might happen.

Or maybe we can sell once we see an increase? It can be a small increase too. What important is, we are still up. That is more surer than being greedy to wait for more but ended up not happening.

Apart from Bitcoin and a few top altcoins like Ethereum, most new crypto projects are scams so newbies should beware.

It is funny that we can judge a project as bad even before they start but I think that was the truth since there is no point of creating too much crypto in this space.

[Alone055]

Apart from Bitcoin and a few top altcoins like Ethereum, most new crypto projects are scams so newbies should beware.

I disagree with that because a lot of good projects exist, and a lot are launched over time. There are scam projects; we can't call them all scams because it would be inaccurate and misguiding. Bitcoin is the number one cryptocurrency, and there is no doubt about that. However, altcoins are alternatives to that, and that is the reason why they are called alternative coins; they can be used alternatively when you can't use Bitcoin. Take the example of when Bitcoin's fees were touching the sky in the last year and a few times before that. It was altcoins that were useful in those times.

There is one more thing I want to say regarding the importance of altcoins. Even though I know that Bitcoin has the potential to reach this point itself, I strongly believe that altcoins have been a driving force for Bitcoin's adoption. If it wasn't for altcoins and all these projects in this space, it would take way more time for Bitcoin to become this popular, and this is a fact. Altcoins bring adoption because projects are promoted, advertised, and people who get into this space through an altcoin ultimately comes to know about Bitcoin and its significance.

[Marykeller]

Hello,
You want to choose one among several coins. How do you see what future plans a coin has? For example, how do you compare Tezos to ADA?

Thank you.

Keep in mind that the future of most of the coins in the crypto space can't be ascertained by anyone. We are just having a risk of investment in altcoins. If they favor us, fine if they don't, still fine. That's why you should invest with your spare money and have a diversified investment rather than investing in one or two coins.

Ada and TLDR are two potential coins but we are not sure what the future will be for them by next year. There is speculation that both coins will skyrocket in the upcoming altcoin bull run. But how sure are we, whether they will reach their previous ATH? That's the answer we can't give. However, invest because you are convinced by yourself to take a risk of investment in Ada and TLDR, not that you felt otherwise.

[justdimin]

You will have to make a research about the coin. Check the tokenomics. Probably this might encourage you to invest on a coin. But it is worth knowing that the coins can disappoint you. So using a small amount of money that you can afford to lose is very important. Also if you make huge profit, it is better you sell fast at the right time before the coin will begin to dump and not make it to all-time high anymore. It is worth knowing that you can not know the future of most coins and not good to be too optimistic about the coins.

Thanks for summarizing the answer to OP question, there's no way of accurately knowing the potentials of any altcoins in the future, what you need to do is DYOR. Even that is not enough, to be on the safer side, it's best to buy with the amount that you can afford to loose because your choice altcoin might dip and never recover, meaning that your investment fund will be burnt. As you've noted it's important to sale when there's a pump, no need to wait whether it'll pump further because the opposite might happen. Apart from Bitcoin and a few top altcoins like Ethereum, most new crypto projects are scams so newbies should beware.

This is true, DYOR is the only way to move but there is nothing easy about that too, we need to remember that things could be different and we could make it work one way or another. Of course it is not that simple, but that doesn't mean that we are going to end up with DYOR easily, so have something easier to handle with time, so it is not really that easy to fix if you could grind more on it and become a better trader as well as better token finder.

This has to be something that has to be hard because there are so many scams out there and some of them really look good. This is why I ended up not getting that much out of what we have, it is the most important part, so that has to be very hard on the long run as well.

[Rampagoe004]

Hello,
You want to choose one among several coins. How do you see what future plans a coin has? For example, how do you compare Tezos to ADA?

Thank you.

Looking at the progress and future potential of altcoins, of course you have to really understand the coin you are going to buy. The progress of an altcoin usually has a lot of support from various blockchains providing external networks and there are always promising movements in the exchange market.

To determine the future of any coin, including we can't get Tezos and ADA, the market will have a bull run in the next few months. I chose several altcoins to prepare for the bull run and did not invest in the long term even though these coins are at the top level at the moment. Beforehand research carefully what coin you want.

[aioc]

Check the whitepaper and the roadmap; you'll find everything here. Check with the community if they are getting updates on the progress. When you make a coin to be a part of your portfolio, you need to follow its development. Don't just buy and trust the developers. As an investor, you have to be ready to dump if the project is being neglected. Do not be too attached to the coins so you can easily dumped if they are not true to their promise.

[taufik123]

-snip-
As an investor, you have to be ready to dump if the project is being neglected. Do not be too attached to the coins so you can easily dumped if they are not true to their promise.

Such actions sometimes also need to be done, because we certainly don't want to invest in projects that don't develop and project developers seem to let the situation disappear, even no marketing is done.

Dumping is certainly the last resort if there is no increase at all, but we have to see how much loss will occur.
But before you do it, you need to strategize to move on a more promising project with a faster raise.
It needs to be done in order to cover the dumping losses carried out.

And about the connection with the coin, there is no need to be too fanatical on just one coin, especially if the coin is unclear and abandoned.

I myself will stick to a project with developers who continue to be active and always greet the community and of course a strong and always compact community,
this will keep the project noticed and marketing will also continue to be carried out.

[Alone055]

Check the whitepaper and the roadmap; you'll find everything here. Check with the community if they are getting updates on the progress. When you make a coin to be a part of your portfolio, you need to follow its development. Don't just buy and trust the developers. As an investor, you have to be ready to dump if the project is being neglected. Do not be too attached to the coins so you can easily dumped if they are not true to their promise.

A better way is to find who is behind the project. A good project will always have a good team behind it, and if a project doesn't show any information about the team, you can't trust it with your money because it can surely deceive you even if the team behind it is serious about it.

If a project shares details about the team, you should check whether the mentioned people are active in the space and have past experience in crypto-related projects or not. You can find these details from their LinkedIn profiles if they are attached to the project because it's important to know if the team is new or experienced and whether it is capable of running a successful project or not.

If a project doesn't share such info at all, you should know it can't be trusted because it's a very big red flag when a project doesn't share any personal information about the team.

[dunfida]

You will have to make a research about the coin. Check the tokenomics. Probably this might encourage you to invest on a coin. But it is worth knowing that the coins can disappoint you. So using a small amount of money that you can afford to lose is very important. Also if you make huge profit, it is better you sell fast at the right time before the coin will begin to dump and not make it to all-time high anymore. It is worth knowing that you can not know the future of most coins and not good to be too optimistic about the coins.

Thanks for summarizing the answer to OP question, there's no way of accurately knowing the potentials of any altcoins in the future, what you need to do is DYOR. Even that is not enough, to be on the safer side, it's best to buy with the amount that you can afford to loose because your choice altcoin might dip and never recover, meaning that your investment fund will be burnt. As you've noted it's important to sale when there's a pump, no need to wait whether it'll pump further because the opposite might happen. Apart from Bitcoin and a few top altcoins like Ethereum, most new crypto projects are scams so newbies should beware.

This is true, DYOR is the only way to move but there is nothing easy about that too, we need to remember that things could be different and we could make it work one way or another. Of course it is not that simple, but that doesn't mean that we are going to end up with DYOR easily, so have something easier to handle with time, so it is not really that easy to fix if you could grind more on it and become a better trader as well as better token finder.

This has to be something that has to be hard because there are so many scams out there and some of them really look good. This is why I ended up not getting that much out of what we have, it is the most important part, so that has to be very hard on the long run as well.

This is indeed the only way for you to be able to know on whats the project is all about and not really just that making yourself do make out some investment without any basis or these consideration in speaking about the potential of it. We are the one will be making out such final decision whether we will be investing into it or will be skipping out. We do have our own preference on what are the things that we will be needing because at the moment or time that you do make out some investment on a project then as an investor then you do look up for relevant information and other stuffs on which it is really that related into it and study it out whether its something does have that potential when it comes into its utility and usage on which this is what it is important.

Somehow utility wont really be only just that having that means that a solid indication that it will be that making a project succeed. You do also need up to check about the community whose really that supporting behind on which this is also that significant when it  comes into this aspect because this is also contributing into the projects success.Potential into its utility or in overall will really be that totally useless if there's no solid back up from the community no matter how good the usage or utility if there's no community support then that project will bound to fail or simply it will be that still dumping because of such state or manner.

[woez]

For ADA or other coins, they generally follow the movement of BTC if the market is corrected, altcoins usually also follow the correction and even if there is an increase, it is only temporary because it is being pumped by the whales. So whatever coin the OP wants to monitor and buy, as much as possible, see the development and direction of the movement of the main coin price, namely BTC, along with the market sentiment that is currently being discussed.

[el kaka22]

Reading the roadmap and whitepaper will not give you the full scope of things because you do not know what the team is thinking behind the doors. I mean we could be looking at something that is getting a great attention from the people but then it could not do any of those. So you can't, that's the good answer, you can't see the future, and neither can they, they might even mean well but do badly too, I have bene part of a team like that, meant well but failed, anything could happen.

There are a lot of big whales who get in with a lot of money and then get out all together and crash the price a lot and when a small cap stuff crashes that hard, everyone just gets out and it never recovers, whales basically kill them anytime they want.