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Topic: here so many coins.how to choose good coin?any good method? (Read 1042 times)

legendary
Activity: 1722
Merit: 1217
im a big advocate of and investor in nxt. download the client and play around with it. just by playing around with the client for a bit you will get a sense for what awesome work our community is doing. http://nxt.org/client-download/ tell me your address and ill send you some nxt and some of my silver bullion warehouse receipt assets.

i have create a nxt wallet. account id: NXT-3GSC-2MAM-6KBC-2XAQU.
but this coin send message need fee. sending e-mail need no fee.what's nxt coin's advantage?


The importance of arbitrary message is for things like asset exchange and alias registration. Those are actually done via arbitrary message in the background. Since it was already there there was no reason not to go ahead and allow people to use it for sending messages. Its no replacement for email thats for sure but it is usueful for example if you want to contact someone who owns an alias and he hasnt posted any contact information on the internet. Also its useful if you run a business and you want people to be able to contact you but only if its actually important. Other various things.

As for whats the advantage thats a very long and complicated answer but ill try to make it short and simple. Essentially what we have is very good security at low cost on a platform that is as open as possible to new layers of innovation built on top of the core. This doesnt sound like much but its actually a much bigger deal than it sounds. With bitcoin security is actually very very expensive (mostly this cost is born by savers in the form of inflation but not visible due to increasing demand) and in my estimation actually less secure than nxt even with that higher cost. Also its not a very open platform, infact the bitcoin devs have been somewhat non cooperative with the mastercoin devs.
newbie
Activity: 50
Merit: 0
im a big advocate of and investor in nxt. download the client and play around with it. just by playing around with the client for a bit you will get a sense for what awesome work our community is doing. http://nxt.org/client-download/ tell me your address and ill send you some nxt and some of my silver bullion warehouse receipt assets.

i have create a nxt wallet. account id: NXT-3GSC-2MAM-6KBC-2XAQU.
but this coin send message need fee. sending e-mail need no fee.what's nxt coin's advantage?
member
Activity: 109
Merit: 10
Look for a coin that has a good community around it.


Read through the thread.
If its a week old and has 15 to 20 pages, good chance your going to lose your money.
If it is 200 plus pages long read every 4 pages if you dont have time to read them all. If there is good or bad it should be quoted a bunch of times. HOWEVER, once you decide you may want to buy. Read it all first.
Also, if it is new and is gaining a bunch of pages a day, this is a indicator to look into it further, doesnt mean its automatically good tho.
If its self moderated. BIG RED FLAG!!!


If its an IPO, be very skeptical. If they dont offer escrow, leave right away!#!!#!!!!!!# RUN.


Watch for the difference between a feature that is actually present now, or "coming soon".
Examples:
1. A lot of people dont even know that darkcoin isnt even anonymous yet. Well. Technically their Darksend works, but with only 10 coins.
2. Liberty coin "has" zerocoin tech its using, but the devs dont know if it works come to find out. But the first page was saying it had it. Note this was a few days ago. I dont know whats up now and dont care.

 
Watch out for devs that are there lol, are helpful, and display leadership ability. This is huge and can make all the difference in the world. Sharecoin for example, dev is a total pro.


There is much more but this will shorten your list down quite a bit lol.
hero member
Activity: 546
Merit: 500
PGP 9CB0902E
ITT = Everyone pumping their own coins.
+1

OP,  don't get confused with the smoke and mirrors.

Don;t spend more than you can afford.
There is only one method, mine/buy yourself some btc and hodl/

If you are going for alts,
look for coins that are older that 3-6 months, with a serious team or better yet various teams behind it,
and not random coindev accounts that will go "undercover" once the coin hits the first exchange.

Coins that are already in the market accepted by merchants in your area so that you can use them to buy
physical goods from actual businesses and not only websites that can be set up overnight.

while many coins are directed at niche markets and maybe could survive in the long term, it is a very long bet,
so i'll just repeat once again, dont spend more that you can afford.

GL
member
Activity: 78
Merit: 10
I have a method
             
Look at number of max coins / by the coins in curculation, higher is better   
Look at # of wallets / the % of top 100 richest addresses Lower is better   

Winners of this formula are:


1, Darkcoin http://bitinfocharts.com/darkcoin/
2. Peercoin http://bitinfocharts.com/ppcoin/
3. Dogecoin  http://bitinfocharts.com/dogecoin/
4. litecoin  http://bitinfocharts.com/litecoin/
5. Bitcoin http://bitinfocharts.com/bitcoin/
sr. member
Activity: 266
Merit: 250
everything is good  Grin
as long as ur guts tells u to
legendary
Activity: 1582
Merit: 1001
Check out sharecoin
free fair giveaway with an exchange that shares profit with holders
Development seems rock solid...

And keep an eye on zero cash if it ever comes out..
Other than that I'd say use your common sense and research the coin.
Never buy a coin that has done more than 400% in a week.. it's in a bubble.
Even if it looks like it should be worth more just wait and buy it after its bubble.
No coins increase 4x without a major retraction before moving up again.
full member
Activity: 140
Merit: 100
invest in NXT, btc and nxt are the only good coins atm.
sr. member
Activity: 581
Merit: 253
im a big advocate of and investor in nxt. download the client and play around with it. just by playing around with the client for a bit you will get a sense for what awesome work our community is doing. http://nxt.org/client-download/ tell me your address and ill send you some nxt and some of my silver bullion warehouse receipt assets.

+1

Innovation and community in NXT is amazing.
And the best thing is there will be more maga cool stuff to come like InstantDex in NXT.

 
legendary
Activity: 1232
Merit: 1000
ITT = Everyone pumping their own coins.

honestly though, just look for coins with:

strong developers
strong communities
reasonable concepts

avoid coins with:

instamines
flashmines
premines
stupid names
shills, cheerleaders and sockpuppets
self-moderated ann threads (this is a big one, the losers over at blackcoin and cinni keep deleting my comments if they feel it will hurt their scamcoins.)

read my hobonickels journal if you want a real-life example of what a good coin looks like and how one can profit from it. Don't believe anyone who can't back up their claims with real life proof.
sr. member
Activity: 336
Merit: 250
full member
Activity: 140
Merit: 100
Just Do It!
here so many coins.how to choose good coin?any good method? Smiley
help tell me!

focus, breathe, meditate.

BITCOIN.

+1
sr. member
Activity: 434
Merit: 250
here so many coins.how to choose good coin?any good method? Smiley
help tell me!

focus, breathe, meditate.

BITCOIN.
sr. member
Activity: 281
Merit: 250
The Gold Standard of Digital Currency.
here so many coins.how to choose good coin?any good method? Smiley
help tell me!

It depends on your goals and objectives.

I think Goldcoin (GLD) is the best investment on the market at the moment. It's trading near its six month low at the moment with a ground breaking client due out in June.

http://altcoinpress.com/2014/04/java-client-to-put-multiple-coins-into-a-single-wallet/

I have a feeling this wallet will be incredibly insecure

Hmph.. don't make me laugh.
newbie
Activity: 49
Merit: 0
First be sure to check out the ANN thread here on bitcointalk to see if anyone is reporting bad things about it. They might not be true but youll be more aware. Check out when the coin came out, and how volatile it has been. What exchanges have it? What is the daily trade volume like?

Most coins are just pointless copies that do nothing for digital currencies except make the creator happy the coin got out there. Try to choose a coin that actually brings something unique to the world of digital currency. For litecoin it was Scrypt, for Doge it was the meme, for Vertcoin it was scrypt-N. Look for things unique like that. In the end, its all up to just what you would like your money to go into to support
full member
Activity: 140
Merit: 100
Just Do It!
You might as well stick em all in a hat and pick one out

makes no difference

It does make a difference.
There are anonymous people developing coins for anonymous users (the hot alt's), and then transparent people creating coins for everyone, then you have others creating coins for themselves

Just do not choose the coins that were created for the developer to make a dump soon as it hits exchange.
legendary
Activity: 1156
Merit: 1000
Please consider AppleByte, we launched May 1, 2014. The coin is no simple clone, it has new security features and has a great community!



Now traded on Poloniex, ticker symbol: ABY


AppleByte info:
Announce Thread: Announce Thread
Website: AppleByte.me
Crowd Funding Campaign: Indiegogo Campaign
Facebook: AppleByteMe FB Page
Twitter: AppleByteMe Twitter
Reddit: AppleByteMe Reddit
hero member
Activity: 722
Merit: 500
You might as well stick em all in a hat and pick one out

makes no difference
full member
Activity: 140
Merit: 100
Just Do It!
here so many coins.how to choose good coin?any good method? Smiley
help tell me!

Truly depends on what you want the coins for, the coins that have been offered to you by Anon136 are the best cause they are free  Smiley You should heed his advice and accept his offer (if you have not already) so that you become familiar with those coins.
Researching a coin will be the best way to figure out if its something you will be interested in, taking advice from someone on which is best is a bad idea and could cause you to kick yourself later as altcoins see dramatic volatility, one day a coin is up, next day its replaced by another.
Never invest what you cannot afford to lose.
Obviously a strong community helps protect against large losses, newer coin's will hold the highest risk's and have less places to spend them, but can be fun and exciting if your a early adopter and can follow all the developments over time, ask the LTC early adopter's or Primecoin and maybe they can give you an idea of what that has been like.
I used to pick the coins that were fun, now involved in my own project and i keep an eye on the coins that are working toward's actively marketing cyptocurrency to new user's.
legendary
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
here so many coins.how to choose good coin?any good method? Smiley
help tell me!

It depends on your goals and objectives.

I think Goldcoin (GLD) is the best investment on the market at the moment. It's trading near its six month low at the moment with a ground breaking client due out in June.

http://altcoinpress.com/2014/04/java-client-to-put-multiple-coins-into-a-single-wallet/

I have a feeling this wallet will be incredibly insecure
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