Topic: Alt coins that have exploded: what similarities do they share? (Read 602 times)
If you did a regression analysis on the market cap of a coin vs. a bunch of other variables, I bet the variable with the most explanatory power would be how close the coin's platform is to being functional. So something like Bitcoin or Ethereum would score high on that front because you can use them right now but something like a website with a whitepaper would score low.
All the good alt coins have a good community behind them, see Bitcoin, eth, steem etc. Community is what has value.
Finding the next big alt coin would be a much easier if we know what to look for.
they shares, new algo, good dev support, good roadmap, active community, oh look the one that have this now is signatum, i think will explode soon after added on bittrex, but it's true that if whales want to pump a coin they will pump it regardless
Their common point is either a big hype or either having been long in the game. Anything a bit serious and here for a long time exploded this year.
I think the best way to decide in investing in an alt coin is asking yourself if you could ever see people using it in the future and if it actually brings something new to its sector, rather than just building ontop of existing technologies.
You realise you are essentially asking how to judge which businesses are a good investment?
I always look for a dedicated strong team when looking at new coins. Another big one for me is who is on their advisory board. Any big names backing them?
On a crowdsale I also look at what the hard cap is.
On a crowdsale I also look at what the hard cap is.
It is just random whatever gets some hype and volume. But it is rarely about quality what makes coins pump. You cant predict it, however you can buy and wait until your coin gets attention.
If they were easy to find, it wouldn't be fun.
For example, I had bought 1 ANT at $6.3 and 1 ANT at $9.1, they said rebranding on whatever date they had set, it happened half cooked, I moved to swing trading, which I very much like. A week or two passes, it's at $15. Same happened with OMG, I had bought about 15 OMG at $0.8 or $0.9, can't remember correctly, moved this one to swing trading too, now its $6.
I doubled my FOOT from swing trading, so that might be something.
For example, I had bought 1 ANT at $6.3 and 1 ANT at $9.1, they said rebranding on whatever date they had set, it happened half cooked, I moved to swing trading, which I very much like. A week or two passes, it's at $15. Same happened with OMG, I had bought about 15 OMG at $0.8 or $0.9, can't remember correctly, moved this one to swing trading too, now its $6.
I doubled my FOOT from swing trading, so that might be something.
Finding the next big alt coin would be a much easier if we know what to look for.
And what is it that we should be looking for? Like a needle in a haystack? If what you mean are those coins that have yet to be introduced to the market then you are really like looking for a needle in a haystack. But if you are talking about those in the exchanges already then perhaps picking one from the top is a better choice already. Or so it seems.
I can tell you not what to look for:
Empty promises
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Empty promises
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or vague / non-existing roadmaps
I can tell you not what to look for:
Empty promises
Posted From bitcointalk.org Android App
Empty promises
Posted From bitcointalk.org Android App
Finding the next big alt coin would be a much easier if we know what to look for.
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