AltCoin Newbie - page 12. | Bitcointalksearch.org

2fresh

hero member

Activity: 782

Merit: 500

Quote from: ?? on ??

Google searches a coin market capitalization ranking site and picks the top 20 coins you like. This is the easiest way.

You'll potentially make less profit when investing in those. It's harder for litecoin to go times 10 than for some new coins to go times 10.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: ?? on ??

Google searches a coin market capitalization ranking site and picks the top 20 coins you like. This is the easiest way.

If one doesn't know how to research whether a coin is good for long-term or not then better to pick few top 10 coins. But I really don't like this idea because we should know about the use of the coin and what benefits it has in future compared to other coins instead of just picking some of the top coins. As newbie try to stick with bitcoin and eth and start research about other coins first before making any investment.

cryptotenoy

newbie

Activity: 134

Merit: 0

Quote from: jlanzago on June 06, 2018, 09:36:10 PM

The best suggestion I can make to you is actually investigate what the project is all about, the current stage of development, the team and the valuation. Also: read the whitepapers, they are usually informative.

Do not rely on the so-called "influencers" because only a handful of them are legit. Most are paid shills, and this includes some famous ones that have wide following. Some of them have shown important conflict of interest. Most invest first, then recommend and start shilling the altcoin to everyone, they create "hype" and most people just follow them blindly. They profit from that. Don't make that mistake.

Invest on coins that are already listed on the coin market capitalization because they are all legit.Take time to do some research if they are already available in legit exchangers.You will earn big profit if you do invest in cheap coins but high potential to grow its value in the market.

Octc76

newbie

Activity: 275

Merit: 0

Quote from: donkey04 on June 06, 2018, 09:31:06 PM

Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.

Hi donkey04 ..
I'm still same with you. I am also new in this crypto world.
but based on my experience, if you want to invest in ICO. the team of a project is the most basic that should be good in developing the project. of course an experienced team will be able to make the coins become legit. not only that, they will be able to make their product really useful as it should be.
so, first identify the team of a project to be able to determine which coins can be legit.
But if you want to invest in an existing coin, we need to review the roadmap to see the progress of a project. because, it is very important the development of a project for price stability or the other.
That's just my opinion.
Good luck Friends !!!

JaekRock

jr. member

Activity: 79

Merit: 1

Quote from: ?? on ??

Google searches a coin market capitalization ranking site and picks the top 20 coins you like. This is the easiest way.

I was going to suggest something like this. Just start at the top of a market cap list and start researching your way down. They're not necessarily all long term investments or anything, but they're on the top for a reason and as good a place to start as any. You're bound to figure out what cases you're drawn to and can dive into other coins in similar use cases to compare. Good luck!

shinratensei_

legendary

Activity: 3234

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: donkey04 on June 06, 2018, 09:31:06 PM

Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.

You can try to start joined on the trusted communities, i suggest you to only use icodrop as your icolist site. It's the only reliable site in my opinion and never tries to use another icolist because the majority of them are paid to promote. This based on my experience. And then you should learn a lot about how to analyze the whitepaper, community, hype, and the code.

jlanzago

full member

Activity: 266

Merit: 101

Cryptomooniac - to the moon and beyond...

The best suggestion I can make to you is actually investigate what the project is all about, the current stage of development, the team and the valuation. Also: read the whitepapers, they are usually informative.

Do not rely on the so-called "influencers" because only a handful of them are legit. Most are paid shills, and this includes some famous ones that have wide following. Some of them have shown important conflict of interest. Most invest first, then recommend and start shilling the altcoin to everyone, they create "hype" and most people just follow them blindly. They profit from that. Don't make that mistake.

donkey04

newbie

Activity: 11

Merit: 0

Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.

Topic: AltCoin Newbie - page 12. (Read 1141 times)