Not Every Coin Is Worth Your Money and This Is How I Try to Know
Crypto was really confusing when I first got into it. I heard about Bitcoin, then saw coins like Ethereum, Litecoin, and even Dogecoin, the one with the dog. After that, I realized there were so many other coins doing all kinds of things and it got overwhelming.
I didn’t want to just throw money around so I started learning how to look into projects properly before touching them.
The first thing I learned was how to check market cap. That just means how much the whole coin is worth. I figured out I could multiply the price of one coin by the total number of coins out there. That helped me understand if something was really valuable or just looked cheap.
Next, I always visit the project’s website. If it looks messy or doesn’t explain clearly what the coin is trying to do, I take that as a bad sign. I like to know what the coin is made for. Is it just noise or is it solving something real?
I also try to find out who created it. If the team is hiding their names and faces, I slow down. That kind of thing makes me uncomfortable in this space.
Then I look at the community. I check if people are active on Twitter, Telegram, Reddit, and I try to see what they talk about. If it’s just price hype with no talk about what the project actually does, I lose interest.
I also pay attention to the roadmap. That shows me what the team plans to do over time. Are they testing things? Do they have real updates ahead? If there’s no clear plan, I keep my distance.
And finally, I check if they’re building anything useful or working with other known projects. When I see good partnerships or signs of real world use, I get more confident.
That’s how I’ve been checking coins before putting my money in. It doesn’t mean I always win but it helps me avoid jumping into bad plays.
Hope this helps someone who's just starting like I once did. If anyone else has more tips feel free to drop them. I’m still learning too.
submitted by /u/Feisty-Rhubarb-6718
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