Back to Basics - A Quick Flowchart Style Checklist - Is It Worth Investing in This Project - Simple "Avoid Time Wasters" Guide

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Apart from Crypto OGs BTC and ETH, most of us allocate (I hope a really) small part of our portfolio in search of the "Next Alpha" - the coin/token that will propel to the moon and compensate all previous losses.

With Scammers, Rug Pullers and Bad Actors getting more innovative with every day, it has become really hard to separate good from not worthy projects.

Here, shaped as a flow chard, I present to your attention a simple guide to helps me get answers to the most basic questions we need to ask before deciding it is worth our time to start further DD.

Here they are, 5 basic questions I try to answer before I proceed and do a deeper research into a new investment opportunity.

• Did You Hear About it from a Social Network?
• Is The Team "Famous" with Previous scams, Rug Pulls, etc.
• Do they solve real world problem
• Is there an Established Competition
• Is it clear how will they make money?

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Flowchart Style Basic Project Research Evaluation Process

Let me know what questions do you ask yourself and we could constantly update the guide and prevent newcomers from repeating our mistakes. And newcomers, there will be plenty of them once the next Bull Market Starts.

edit: Flowchart update - added string for answering NO to "Do they solve real world problem" as u/GuyWithNoEffingClue suggested. Thank you.