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How To Find Highly Undervalued Cryptocurrencies

  2. This last year has been a wild in the cryptocurrency space. Thousands of new coins have entered the market, and many projects aspire to be in the ranks of Bitcoin, Ethereum, and other top cryptocurrencies.
  3. So how do we, as investors, find highly-undervalued cryptocurrency investments?
  4. We need criteria that can be used to objectively and systematically evaluate EVERY project, and remove marketing-induced emotion from the equation. We must ask questions which filter out all of the vaporware, scams, and “empty promises” that plague the entire blockchain market right now.   
  5. The project must be completely different and innovative in order to disrupt or change the path of the previous established system’s use. Does the project bring an innovative new idea to society?
  6. There is an ENDLESS SEA of brand new ideas floating around in the world. Whilst only the smallest fraction of those ideas will actually come to fruition. What specific problem in society does the cryptocurrency solve? How many people share that problem?
  7. An altcoin with only a website and a whitepaper is not useful to society. One with TRUE VALUE will have a clear, easy to understand, and transparent solution to a problem that can be directly adopted by the market.
  8. Generally the longer a coin project is around, the more time they have to become established. With longer blockchains, time spent finding bugs, increasing user-base, and overcoming security breaches, projects will slowly become stronger. How long has the coin been in existence?
  9. With fewer than 500 blockchain developers in existence, where will the thousands of new ICO’s find skilled people to build their product? There is an expanding number of self-proclaimed “experts” and developers in this newly emerging space. Many of these people don’t have much of a visible track record, if any at all. Who are the developers and team members?
  10. Once a coin project has some time under its belt, it should also have also made some progress with development. How much progress on development has been made to date?
  11. Some projects (such as BitBay) will allow inspection of their obfuscated source code. This allows for thorough inspection of the code’s integrity, but prevents others from cloning it entirely. Once BitBay’s product is complete, it’s code will be completely open to the public.
  12. This can be a great indicator to the level of team organisation surrounding an altcoin project. Looking at a roadmap with vague timelines and “general goals” can translate into a lack of commitment on the team’s behalf. Does the team have a solid track record for completing road map items on time?
  13. We are looking for tenacity and commitment. What is the team’s primary motivation for growth? Hint: The team’s motivation should be directly related to the above “common problem” that the project is working towards solving.
  14. The bare minimum would include a web-based wallet, downloadable desktop wallet, and/or cold wallet option. How much of a focus is placed on security?
  15. As a decentralised community-based project, the team here at BitBay wants EVERYONE to ask the above questions about our product and we’d love to answer any other questions you might have. WHY WE BELIEVE BITBAY IS HIGHLY UNDERVALUED RIGHT NOW:
  16. With the combination of our revolutionary double deposit escrow, volatility-reducing dynamic peg, and functional decentralised markets, we are eliminating the need for people to trust each other on a global level….right now.
  17. Our multifaceted software is free to use, and has been tested with every type of transaction, including real estate. This year, it will also have the capability to integrate into the framework of any company or organisation, making it the perfect solution for businesses worldwide.
  18. Since 2014, our primary focus has been development and security. Now that we have a fully functional product, it’s time to shift that focus to user experience and adoption. At BitBay, we do things much differently, in order to best position our platform for long-term growth. We’re deeply passionate about this project’s development and success. Our team consists of talented people all over the world, who work relentlessly around the clock to complete road map items ON TIME, EVERY TIME.
  19. Also, check out our roadmap for more exciting things coming soon! Click HERE to get started today. Have questions? Ask HERE