How to easily spot a dead or diving cryptoccurrency project
We all knows that when it comes to cryptocurrency almost everybody wants to have their own project undermining what might be the outcome. At first when cryptocurrency started relating it to back in the days when it was newly gaining ground we hardly sees different project sprouting out. Any developer/programmer who you sees launching a cryptocurrency project are all doing it because of the love for the chain.
The above has been the other way round today. We have seen many people launching different cryptocurrency project all in the name to get people scammed or eat big along the line. All this motive and bad aim has been one stumbling block to cryptocurrency and its growth if I may admit. We that are into cryptocurrency which have good interest or growth for cryptocurrency have to put heads together by standing out tall ensuring that cryptocurrency gains the good legacy that it has before. This has been my sole aim in the cryptocurrency ecosystem.
There was a time that a day hardly passes without we hearing the news that one or two cryptocurrency exchange were hacked and funds stolen. The more I keep hearing about this the more my mind get divided and I felt really bad. How do you introduce someone into such project knowing full well that their investment are not secured. Sometimes I just have the mindset that project owners most of the time frame up stories as they organized all this hack. I just wonder when I hear all this stories as it looks suspicious to me.
Well, we just can't have good without bad. Same thing is applicable to any good project. You must see somebody out there who is trying in all ways to give such good body bad name. This is why when I think about it I don't argue that much than to give the necessary support which I have. There is every tendency that cryptocurrency is witnessing all this because of it use case and it excellent motive.
The essence of this post is to give us awareness when it comes to our fund and project in cryptocurrency. There is nothing bad in investing in random cryptocurrency project, in fact nobody knows the future of any cryptocurrency project but after investment they are things you should take proper note of and with it if the cryptocurrency project is having issues or about dying you will be able to notice some certain attitude or characters and with that you can stay put or pull out for your own personal safety.
I was reading through post on the hive/steemit platform and I came across post by 
There is every tendency that if you wants your fund to be safe in the cryptocurrency ecosystem you have to apply possible safety measures and also you have to be smart on when to opt out of a project or invest in. These are some of the trait a dying project will portrait, they include;
I. Dead support: When a project is dying or dead one thing to note about them is dead support. Once you begins to notice that the support activeness has reduced from 90% to almost zero percent you should be wary of such project. This speaks volume and it might be that the project is almost gone. So when you see this trait and you want to invest you should have a rethink but if you have already invested think of how to get your fund out or pay more attention to the project.
ii. Price: You will see that when a coin is having issues or about kissing the dust you would found out that the price movement will be acting strange. Normally when it comes to price movement of a particular coin you will notice that it moves in different pattern but once you keep seeing it moving downward and with almost it following just a straight narrow pattern like the one on the picture below then there might seems to be problem and you might love to reconsider on your investment.
iii. Zero or no announcement; We all knows that when it comes to cryptocurrency project announcement is very vital. Once a project is about hitting the dust you will keep noticing zero or no reasonable announcement from the team. With this primary reason, people will question the project and might wants to pull out their fund since the team are not pushing in constant update pertaining the project.
iv. Listing Activeness: Take for instance just like what
v. Buying and not able to sell: The moment you buy any cryptocurrency token you should make sure that you are able to sell it with ease. The moment you saw that you can only buy and not sell them with ease then you have to have a rethink about your cryptocurrency investment.
v. Community; Every cryptocurrency project today that is progressing it is community that gets it to such height. No cryptocurrency project can succeed without community so once you notice that the community no longer believes in the team then there is every tendency that you have to have a rethink about your cryptocurrency investment.
Whatsoever thing that you are doing when it comes to investment choice in the cryptocurrency ecosystem you should consider some certain things and some of the things that you should be wary of are the things that I mentioned above. If you have anything to add please do so as it will be kindly welcomed.
Tfame3865
signed out
All screenshot was taken
with my phone.
- If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks
For more Information about Woxdefi you can check the various links below.
Purchase Wox through this link
- If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks