Topic: Determining whether your token is Valuable Or Not (Read 262 times)

If somebody asks about an altcoin that I haven't heard of and it's not on the cmc, coingecko is my 2nd get to go cap site to check the necessary details about that specific coin.

But if somebody says that it's valuable base on his opinion, well, it's his opinion and I will not interfere with that but as long as I know if that coin is risky to play with and I don't have anything to get in return, I'll stay away from those advises.

I seriously doubt Telegram admins would like to see hundreds of questions of users asking when the coin will be listed and where. If it is listed that info would be posted on official sites, including Telegram, if the information has any value for the community.

You can have 1000s of tokens in your ERC-20 wallets if you want, they don't take up space or cost you any money. Why would you send them back? Leave them, maybe one day you can sell them. It is a gamble after all.

Well, OP isn't talking about how to invest in alts, they talk about how people can not notice that their tokens can be sold for some profit. I think it's a valid topic.


There are other ways of acquiring tokens - airdrops, bounties, passive airdrops (when you wallet gets credited without you even doing anything), giveaways, etc. If a person gets such tokens often, it's easy to lose track of them, and then what the OP describes happens - you lose on potential gains by not knowing that you can sell those tokens.

for most of those who have some amount of token is about how much effort it takes to dump that garbage and get their money out and since the effort is a lot higher than the reward for most cases they end up not bothering with ever trying to dump the stittoken.

ps. calling it "value" is very wrong because value is defined by utilities not by price and with that definition all token have zero value because they have no usages apart from raising funds for the owner.

Might have mixed up exchange listing fee with cmc listing fee. I'll ask tho and get back to you on that

Yes there are. They might look valuable at first glance but when you look closer into the order books, you can notice that the volume is too thin. You could easily crash the price when you sell. There is a reason why they have not been listed on price monitoring sites like CMC. Only a handful buys them.

I don't know if CMC made some changes on how they list coins/tokens but I never heard of them asking for fees. The last requirement I remember was having a consistent volume of around $50K on exchanges that they recognized.

Fun fact: I know some guys who wanted to add their coin on some exchanges. Went to some bigger ones and requested to be listed there. They said "NO! we cannot list you if you are not on CMC." , they said ok, let's get listed on CMC and pay their outrageous fees "NO! we cannot list you on CMC because you are not listed on any exchange" . IMO CMC is an overrated service that still has a huge pull in the crypto space unfortunately.



Those sites are ok (did not try cryptorank, so can't say about that one) but they give you just a few information like total supply, price movements (know that they have API problems from time to time and figures might not be 100% as advertised), and exchanges the coin/token is listed on. Happened a bunch of times was looking on CMC and saw a coin with 300% price increase in the last 7 days and was worth $0.75 or something like that and on the only exchange they were listed price was $0.012 and no order in sight.

IMO that is the most important thing. If you are looking for "value" !
First read a bit about the coin. Have a look at the WP, see what is it used for, algo, etc
Then go on the exchange they are listed on and see if they have any orders

If you remembered you have some shit coins in a forgotten wallet and you look them up to see if you are rich or not... yeah, you can get a slight idea, but really hope you are not using CMC for investment info !

Are you referring to bounty hunters? obviously you are not referring to a trader. I guess your message is for bounty hunters that joins almost all bounties here on Bitcointalk, If you have so many sh*tcoin, I mean altcoins/tokens sometimes you can't monitor them one by one. You are correct checking the Telegram group and other social media is helpful, also if these tokens running on ethereum you can try to check them on https://deltabalances.github.io/ to see if it has value on DEX. Just curious have you join any bounty before? looks like you know about this stuff.

I'm honestly surprised to see some replies are just way out of topic. OP is not talking about 'value' per se but actually refers to checking whether your tokens are worth a penny and have a market or not.

Please take some time to read the post instead of replying as soon as you read the title.

Actually OP mentioned a great suggestion but that's not all. Altcoins can have value without even listed on those market viewer or price monitoring websites.

Someone can simply use the smart contract of that project if its a token under ethereum network. There are some dex which can view the tokens worth even just by a smart contract. So if still there doesnt have any value still then it doesnt have. Not necessary to be listed there just to have a value.

To determine if a token or coin has value in the future is to look inside the company itself
here are some to look if the coin is positive or negative:

Community - Having a lot of support from the community is very important this whats drive the coin up.
People inside the organization - imagine having a very important person investing or part of the org is really one to look up for: example bill gates invested and also a part of the board its really something.
Products or function - This is also one factor you need to see if there is a purpose for the coin or its a scheme,.
Plans - most of the coins who came out of nowhere is promising a high return, saying this and that, but to see if a project is good is by looking at their whitepaper.
On track - if the coin you invest in is on target and having profit and more investor its a good decission for you.

Here are just some tips, its up to you to do more research on a token or coin you are in good luck!

Great simple advice.
To be honest most people can't judge it, with guides or not. It require deep knowledge often of general computers and internet or even more.
Best to keep off from altcoins, if you KNOW some altcoin is revolutionary as bitcoin, you are just wrong

Download Blockfolio or any portfolio tracker so you won't waste time always searching for your hold coins on those sites.

As some of those coins didn't end up on Coinmarketcap's list, meaning they didn't pass some of the criteria.

But even with coins listed or not at these sites, always refer to their active community for regular updates and feedback from some coin owners.

Generally speaking, you don't forget when and where you have money, or you have a problem.

If people have tokens but aren't aware where it's listed then they have another problem. It shows people jump on the first token they found on Youtube and Twitter and buy it without having an idea about the project itself (probably never opened the white paper once). I believe they have some money to lose and if it's the case better to donate it to charity...

Then once they bought their useless coin, they never follow the news and its development, etc. They visit the site once to buy and never open it again. This type of person needs to learn a lesson in a hard way, unfortunately.

When you buy a token you do it because you believe in a project and its potential. If you don't follow its progress it's maybe because finally, you aren't so interested in... and finally probably don't believe totally in

If you can't evaluate if a token is valuable or not bt yourself,  just stay away from all altcoins.

Don't get "trading" or investment advice from random strangers in the internet.

This only can help you to buy or sell your token. Many of altcoins (maybe 90%) is only dead coins and don't have value. Some of new altcoins have fake pump and dump from the supply and demand, then the price will drop slowly from time to time.

In my opinion,  I suggest you shouldn't join any bounties if they don't want to pay with bitcoin, eth, or any altcoins in top 10. Joining the bounties only wasting time and not worth it. Better to join in signature campaign that pay bitcoin, but you must rank up first, at least Member.

I have come across So many dormant and active wallets with tones of altcoins. Also Many have abandoned this crypto hunting because they failed to follow projects Updates. Any issue is as long as the token does not have a dollar sign attached to it in the wallet. Most people FELT that the token is Not valuable.

Do you know that there are many tokens listed on the exchange with valuable amount  but NOT listed on CMC. There are other sites to verify whether a token is available on the exchange or Not.

Helpful sites : https://www.coingecko.com/en/
                     https://coinmarketcap.com/
                     https://cryptorank.io/
IF you are unable to caught with updates regarding an altcoin you have been following considering trading. check on these sites. if they are listed, i suggest you get into with the admins in the telegram groups for exchange listing.

Many valuable tokens are wasting in so many wallets without the owners having any idea that the token is trading in an exchange.
IF any of these options failed you, probably the telegram group si not avalible. TRY ASKING GOOGLE.
Don;t let a token waste in wallet send it back to owner Or exchange it with someone interested in the project.