Topic: Factors to consider to pick the best altcoin - page 3. (Read 1081 times)
Picking the best altcoin is key and very important to note. There are a lot of factors to considerably when choosing the best altcoin but the most important one's are, hard work and research. The one who is good at hard work is not lazy at researching. Being able to do a massive researxh about the altcoin, the team behinds it, the projects value and the projects support system is very important and also how the team respond to their social media handles.
For an altcoin to be good or best as stated by you, the team have to be good or the best to. This is because, it is what they know that they will offer or put to use, thus the altcoin. So that is to say, the team matter a whole lot in any project thereby the most important factor. Another factor is Community or instead the social media platforms and how active they are.
I think the first criteria to look at is the idea behind the project or coin, how unique is? What is it trying to solve? Also, you will have to check the team to be sure they have the needed experience in order to fulfill their mandate.
The last point is about the community that is twitter, Facebook etc , how active it is and so on will tell you how active the team is too.
The last point is about the community that is twitter, Facebook etc , how active it is and so on will tell you how active the team is too.
I think you should consider TRX, there has been many dapps built on TRON blockchain and also many advancements which gear towards adoption slowly. Also look at EOS, the developers are really doing great, for instance VOICE social platform released recently proves this. Other good picks are ICX, NEO, WABI, VET. Note that these are just my picks, not financial advice.
I once used to have factors to consider when I was selecting an altcoin but until the bearish market turned up and should the vulnerability of altcoins and initial coin offering projects now my factor are you must at least have an average reputation
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.
Most people dominant like to BTC and ETH, other allcoints also have potential prices on the market. check the ranking of market capitalization, transaction volume, available supply and other supporting factors.
I like picking projects that has better chances of surviving long term ,good road maps and hardworking teams with pro background ,they will be willing to lists on higher exchanges only and the coin must have a working product ,that's the only way it will keep having value over time
In past i do that too. Usually i pick project that related to VISA or gambling site. Because both of it can be developed and can survived. About gambling site, as long they still open their services, i think their coins will always can be used.
In my own understanding, the first factor is the team behind that project. You need to check their relevant experience as well as their Advisors to be sure they have the power to drive the platform. Secondly, you need to check the project itself to see if it's achievable by that team, then check the community and how effective they are. I think these will help you make the right choice.
I like picking projects that has better chances of surviving long term ,good road maps and hardworking teams with pro background ,they will be willing to lists on higher exchanges only and the coin must have a working product ,that's the only way it will keep having value over time
I have until today there were doubts about the project Ripple, and after the news about what the result of a hacker attack, the users of the service GateHub lost 23 million XRP. I do not recommend to buy this coin.
I have always considered Ripple as a shady currency, because there are no stats on the distribution of coins. GateHub has confirmed that XRP tokens worth close to $10 million were stolen by the hackers. More than 100 different wallets were targeted and this means that the hackers exploited a bug within the XRP system. And the latest information is that at least 55% of the stolen tokes have been laundered so far.
I have until today there were doubts about the project Ripple, and after the news about what the result of a hacker attack, the users of the service GateHub lost 23 million XRP. I do not recommend to buy this coin.
Indeed, there are quite a lot of very good altcoins on a number of exchanges and you can see good altcoins by the way the altcoins are listed in a number of large exchanges not just in one exchange and we can also see from the movements of the altcoin
It will depends on the altcoin itself for you. Everyone has their own tactics and they trade accordingly. Yourself should find the factor you are looking for. Example, be knowledgeable of picking project, pick or join only in a project which can offer goodness to its investor and create goodness at the marketplace like the dencoin tokens. But the factors was needed to be consider was the projects team, the projects whitepaper and there tou have it. Tjata the time you can pick yoirself the best project for your investments.
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.
when choosing legit altcoins i always look for altcoins with solid use case and strong partnerships
and with huge/active community plus dedicated team
common things to look up when you are aiming to invest your money, best efforts will pay best results.
I usually make fundamental and event analysis. Let's say there is a main net launch or consensus event. In this case there are chances for growth and I pick this coin
Diregard the price of the altcoins choose an altcoin that has a use even its price drops. This is my main factor in choosing a cryptocurrency but of course a price matters because its a representation of the project.
I also consider of the future use and possible collaboration of the altcoin to other altcoins in this way it will surely increase the price of that cryptocurrency in the future and lastly choose a project that are transparent to its users and to its investors.
I also consider of the future use and possible collaboration of the altcoin to other altcoins in this way it will surely increase the price of that cryptocurrency in the future and lastly choose a project that are transparent to its users and to its investors.
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.
when choosing legit altcoins i always look for altcoins with solid use case and strong partnerships
and with huge/active community plus dedicated team
We have too many projects coming out this days with lots of promises and failures ,all I can say is listen to your heart ,apart from choosing good reasonable projects with working products it doesn't guaranteed that it will be a success
I think choosing big and long-term projects is a safe and profitable investment method but not better than new projects.
yeah, but if we want to learn from the past, i think we can find a new and good altcoins project to invest mate
just find a project with trusted and great team member, i think you will get an enough profit buddy
It is the first quarter of New Year 2019, and we can already see the rising trends of different cryptocurrencies in the blockchain industry. 2019 is going to be the year which is set to change the picture from bearish to bullish. Historically, people use to watch the stock market trends in terms of wealth creation, but now the focus has shifted to top long term cryptocurrencies.
Cryptocurrencies will survive with only one and one factor, the adaption of the project, and team behind it. If on day0 the coin does not have any solid use case, but if they have a solid team, they will bring innovation and adaption will automatically come. Take example of Binance. Also if you see the history crypto companies have had a very fragile history, exchanges have come and died and lot other companies got crushed with the the test of market. Therefore please focus on the team.
Cryptocurrencies will survive with only one and one factor, the adaption of the project, and team behind it. If on day0 the coin does not have any solid use case, but if they have a solid team, they will bring innovation and adaption will automatically come. Take example of Binance. Also if you see the history crypto companies have had a very fragile history, exchanges have come and died and lot other companies got crushed with the the test of market. Therefore please focus on the team.
Look at altcoins with a huge volume with liquidity so you can trade in and out any time you want to opt out. Altcoin that is listed on more than 10 exchanges, Ether, EOS, TRON and Litecoin are those that is best for investment both in bearish market or bullish market.
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