If you hold BTC and ETH until now, it's very good especially BTC. That will make you receive a smile someday. The consideration that must be taken is consistency like ETH
Dude, read the whole thread and reply on topic. Just don't post for the sake of completing the weekly figure. My bad that I didn't lock the thread. Thread locked. 
Topic: Factors to consider to pick the best altcoin (Read 1043 times)
If you hold BTC and ETH until now, it's very good especially BTC. That will make you receive a smile someday. The consideration that must be taken is consistency like ETH
If you want to invest in cryptocurrency, then, if not to lose your money, you have to invest in the very top altcoins that rarely fail, so you need to wait for a suitable entry into the cryptocurrency market, best time of course when the market falls.
Ofcourse to pick the best altcoins for our investment, we have to make a good plan like reviewing our target alts. Becaise if dont make any plans studying this alts we are just making our time worthless. So to have the best alts like the dencoin tokens we have to make a review about the projects, and on how was it going to benefit us. So with this, we cam avoid being scammed especially this days that scammers are also fast in growing to trick people and steal their money.
Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.
If they are new coins, the simple factor would have been for you research deeply on the project first and ensure they are proposing a working product, then you move down to the team to see if the team are qualified business men and women through their past experience, then also ensure that you invest in projects that has team who are transparent and not anonymous, but to really get any of these in new project now is had and if you have to invest, wait till after presale and monitor their progress first. For now, the best way to secure a safe and proper investment would be for you to just go for alts that are already doing fine in the market, I mean you pick within the top 20 altcoins who are quite cheap and also has not reached their peak yet.
Its hard to pick a good coin in market but its much easier if we choose from top 20 in coinmarketcap. There is more than 2000 altcoin and its impossible making research altcoin one by one. Better choose top altcoin with big transaction volume
Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.
I think the best way to identify a good altcoin is their performance in the market. Check their price fluctuations and see if they have potential. Next thing is to check their platform or project itself whether its functional and user friendly. You can also check their ranking in coinmarketcap. The most important thing is to invest an amount you can afford to lose
Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.
If they are new coins, the simple factor would have been for you research deeply on the project first and ensure they are proposing a working product, then you move down to the team to see if the team are qualified business men and women through their past experience, then also ensure that you invest in projects that has team who are transparent and not anonymous, but to really get any of these in new project now is had and if you have to invest, wait till after presale and monitor their progress first. For now, the best way to secure a safe and proper investment would be for you to just go for alts that are already doing fine in the market, I mean you pick within the top 20 altcoins who are quite cheap and also has not reached their peak yet.
You already have the best coins, bitcoin and ethereum which will give you much profits over time as the market is growing and bitcoin and ethereum are also increasing in price. If you want to make investment in other coins, you may consider new coins which are hitting or about to hit the market. There are a lot of good new coins. Some of them is Sessia.
Most of the suggestion are use case, strong community and committed devs, but as you can see a lot of token or mostly all of them are not yet in use to purchase any merchandise, my suggestion its better to invest on ETH or Bitcoin and if you have a spare change you can always pick the top coins on CMC there are no best altcoins, suggestion may influence your next buy but at the end it will be base on your research and preference of a certain altcoin.
Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.
I've learned a lot of things to watch out for, for being in the alt space for several years now watching successful projects rise, and scam projects run. What's important is DYOR, learn about the project, the team, is their roadmap doable, etc. Also, IEO is another avenue that you can look into. Seen one that sold out their private sales and their IEO at the same time, that's a big yes for me already since they already have the funding to push the project out.
Seeing the market situation that is not very supportive I think you only have to invest or stick with the two coins. bitcoin and ethereum are coins that have been able to survive in the market in terms of price and the demand aspect. this is much better while waiting for the market to improve
That will be a good choice if we cannot search the other coins and that will enough for us to hold the coins. But if we can use the market to search the other coin and we still have more funds, then I think we could buy more coins because there will be too many profitable coins to buy. And if we have at least 5 or 7 profitable coins in the exchanges, we can make a big profit when the price increases later.
Trends move differently sometimes, there's period where blockchain projects were like hot stock, so does offchain solutions or exchanges. But if we are looking at a longer term, IMO coins focusing on a huge community and already have significant amount of users are good to go since there's volume and increasing adoption speed, the purpose of the project itself must speak to the problem and does indeed more useful
These are two of the best choices and any other major projects will be good to check out before the alt-season kicks back in again and there might soon be some benefits to picking up any bargains just make sure these commodities have appeal to institutions and professional investors
Seeing the market situation that is not very supportive I think you only have to invest or stick with the two coins. bitcoin and ethereum are coins that have been able to survive in the market in terms of price and the demand aspect. this is much better while waiting for the market to improve
I think the most important factor in choosing an altcoin at the moment is the availability of an active product. The product should be popular and progressive. In example can lead XRP BNB TRON. All these cryptocurrencies have strong projects that unite the community and provide the project with an influx of new people.
Almost all coins are at bottom search previous history of top 10 coins, which coin is in more dip buy it and never put all eggs in one basket.
Even if all the factors are considered perfect, it is still not a guarantee to make profit from a coin but its better than blindly choosing randomly and hoping for the best.
So factors are the concept of the project (is it unique? is it realistic? can it be achieved? are there any other competitors out there?)
The team factor. You should keep tabs on them and do comprehensive background checks
Partnerships. Very important to know the kind of business partnerships a project is forming. It will affect the success of the project in the long run.
History of the coin. Some previous trends in the past can influence the behaviour of a coin in future.
So factors are the concept of the project (is it unique? is it realistic? can it be achieved? are there any other competitors out there?)
The team factor. You should keep tabs on them and do comprehensive background checks
Partnerships. Very important to know the kind of business partnerships a project is forming. It will affect the success of the project in the long run.
History of the coin. Some previous trends in the past can influence the behaviour of a coin in future.
Apparently when picking the best altcoins ofcourse to determined it you have to review the projects whiyepaoer and how tje team was running it. Then if you dind it out that ut van give you a good investment in return tjen thats the time you got picked the best altcoins. I can name some of it, so gar the best are the BTC, ETH and ofcourse the one i am holding was the demcoin tokens. So just dor a little tip, before investing your money in any altcoin project make sure you know the concept or goal of the project if its for long term or mid range term because not all altcoin are legit project.
Most of you have suggested me to check the usefulness of the coin. To be honest, I can't see any this type of coin in the market other than Bitcoin and ETH. Probably I am not yet known with all of the useful coin.
What is the usefullness of bitcoin, to be exactly? I can give you some example of good altcoin. Hope you can find your own method to indentify them:- BAT: real solid working product (Brave browser)
- BNB: same as above. it's backed by the world's largest crypto exchange
- XMR, ZEC, Dash: a lot of people like anonymity. this makes these coins valuable
...
There are a numerous factors but usage of a coin is one of them. You should also check the dev team and community of that coin.
Most of you have suggested me to check the usefulness of the coin. To be honest, I can't see any this type of coin in the market other than Bitcoin and ETH. Probably I am not yet known with all of the useful coin.
Jump to: