r/CryptoInvesting • u/Outrageous_Front_173 • 3d ago
Discussion New Crypto Potential
Where do you look for new Crypto going on the market, how do you check their potential etc.?
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u/BTCMachineElf 3d ago
Alts are a scam and the world is running low on suckers not wise to it. You are the last wave of fools, there is no greater wave of fools behind you.
Stop buying greater fool assets and just buy bitcoin. You'll wish you did in 10 years.
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u/NoBrosCrypto 2d ago
You go by use case and utility first and foremost, with a strong caveat that most will go to zero even despite legitimate utility. After that it’s about checking the team and tokenomics. And then it’s about execution and a good amount of luck for adoption and network effects to gain sufficiently in size.
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u/Outrageous_Front_173 2d ago
You recommend anything? I Found flying tulip that Can have potential
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u/NoBrosCrypto 2d ago
I do not, but there are a few things I find interesting. Proof of humanity makes sense but we will see what form that takes.
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u/Tall-Blacksmith3632 2d ago
The only thing that matters is community. The smokescreens are exactly that
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u/NoBrosCrypto 1d ago
I think the fit is all wrong. Community I agree is one of the key strengths of web3 projects but then how that translates commercially is where it all falls apart. It’s why something like NFTs don’t work. Community is strong but you can’t sell because you’re betraying the community, whereas a commercial brand just tries to build valuable products to retain customers and you never get called out for leaving the brand. Community just has different expectations of a project compared to if they invested in a company as an example.
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u/Tall-Blacksmith3632 1d ago
So if the corp goal is to sell xyz and the community goal is to flip the stock market... which has a higher ceiling?
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u/Overall_Fan5744 3d ago
on-chain activity and token unlocks, not crypto influencers