How do you choose altcoins you buy? - page 2.

Rasa nanas

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Quote from: royalfestus on May 22, 2023, 05:37:58 PM

I believe it's essential for us to conduct research on numerous coins that raised funds during the previous cycle and are still active, as they aim to enter the market in the near future. Some of these projects have successfully raised a significant amount of funds and demonstrate solid potential. I think the risk can be reasonably managed if we make small investments and there are opportunities for listing. I can recommend a few like Gaimin, Ego paysenger, Ethernity cloud etc

ok, I will discuss a little bit of the 1 projects that you recommend, namely EGO.
I have participated in the EGO airdrop and I deserve 500 EGO but until now I haven't received the token from the airdrop. so now this project has progressed how far?

o48o

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Quote from: Amejoaquim on May 24, 2023, 10:21:05 PM

I do between 2-5 hours of research on an asset before i buy or short it.
I used to spend more but i have what I'm looking for narrowed down a bit more than i did earlier in my crypto adventure.
Lots of focused reading and explorer-diving. I'm most concerned with how distributed supply is, the team behind the project and it's use cases.

Ok, how often you recheck your reseach as market conditions can change? And i am assuming that you are trading on very low frequency?

And since there are no short options for most of the altcoins out there that raises some questions.
Are you going trough all the altcoins that's possible to short and choose to short or act on every single one?

There must be a way to pick those too.

zasad@

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It is enough to choose large-cap altcoins, the price of which has fallen below 85% of the ATH, and the project should be able to pay a fine from the regulator if the coin is recognized as a security. Small projects will not survive such regulation.
I posted my opinion in a separate thread.
https://bitcointalksearch.org/topic/m.62299857

bussybuddy

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Quote from: Amejoaquim on May 24, 2023, 10:21:05 PM

I do between 2-5 hours of research on an asset before i buy or short it.
I used to spend more but i have what I'm looking for narrowed down a bit more than i did earlier in my crypto adventure.
Lots of focused reading and explorer-diving. I'm most concerned with how distributed supply is, the team behind the project and it's use cases.

The way I feel, some of the criteria we know to be viewed as opportunities to start buying are the same way we console ourselves with the knowledge that we are putting our trust in the right place. It's a fact that I've come to realize that long-term trust in an altcoin in this environment is often reserved for the few, and we are most likely to be swayed by the emotions of the crowd, the movement from direction in the market accompanied by hype, people's fomo can almost beat every criterion of stance that we have ever experienced. That's why I see that in the investment environment it's completely harsh. Only when you achieve your goals and have a good source of capital, I believe many people will grow a lot in the journey to continue looking for other opportunities for themselves.

fauzan Ichsan

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Quote from: Amejoaquim on May 24, 2023, 10:21:05 PM

I do between 2-5 hours of research on an asset before i buy or short it.
I used to spend more but i have what I'm looking for narrowed down a bit more than i did earlier in my crypto adventure.
Lots of focused reading and explorer-diving. I'm most concerned with how distributed supply is, the team behind the project and it's use cases.

I buy altcoins usually do an analysis first to determine the buying area. of course support is a reference for purchases. the support that occurs will be different in each time frame, so the larger the time frame, the less often we will find support, therefore an eye foresight is necessary. afterwards I'll split up a few PO at each support, and leave them untouched. sometimes only one or two PO are touched, but at least we will be calmer if up to 3 PO are touched

Amejoaquim

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I do between 2-5 hours of research on an asset before i buy or short it.
I used to spend more but i have what I'm looking for narrowed down a bit more than i did earlier in my crypto adventure.
Lots of focused reading and explorer-diving. I'm most concerned with how distributed supply is, the team behind the project and it's use cases.

bitkanu

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just choose some altcoin that have been corrected massively yet still having quite high trading volume.
these kinds of altcoin is usually having better chance of bouncing back and make some recovery, that's when the chance arrive that you could flip your money and make some real profits.
and choosing such altcoin usually is easy.

Ngemmeng

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Most of my investments are in big altcoins like ETH and BNB, I do this because I know that investing in these altcoins is the safest investment.
I'm not just looking for an investment with great returns because after the events of FTX and LUNA it made me realize that safest also comes first. but I also invest in several new projects that I think have potential such as APT, SUI, and ARB. I say potential because this project has large investors and large funds raised.

lalabotax

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Since I am not an investor for new projects, I will choose crypto from Coin market Cap or CoinGecko. Those that are at least in the top altcoins, have good fundamentals and real use cases, listings on several top exchanges, active groups, and of course have a good reputation and there is a possibility for the coin to be accepted in the future. But this will definitely be risky because no one can guarantee that the altcoin will be safe and will go to the next ATH. Therefore, only invest a little in altcoins. If it's related to new projects, I personally won't dare to do it easily. especially if it's hype.

WalkerIVIV

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there are many various methods of determining good coin out there but I always considers the coin that i invested to have some good demands.
it's important to see whether the community revolving the project is large.

o48o

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Quote from: Xal0lex on May 23, 2023, 01:05:13 PM

But at the same time TRON has a wide spread in the crypto community, and its blockchain is very popular among those who are engaged in USDT transfer, because the TRC-20 transfer fee is much lower than the ERC-20. All major exchanges support this blockchain. Despite this, TRON in no way can storm its ATH, behaves like XRP.

Correct me if i am wrong but i think it's cheaper or at least as cheap to send usdt via polygon or bep20 network. You don't need to use erc20 for that. Or at least i haven't used erc20 or trc20 for usdt for a long time as there has been no need for it. But as we are speaking of pennies anyway, it wouldn't even matter if i had to use $1 or $0.20 for tx.

But i agree that Tron must have a big community. All the big coins have.

Quote from: Bolivar_Tony on May 23, 2023, 02:59:20 AM

I agree with other points you just mentioned, but the team members part, In my own opinion I might not totally depend on team members, I have seen projects that have A team members and they mess things up and as well i have seen team with no known team members and they are making great waves.
For me I will rather look at people backing the project, example if a well known crypto investment firm puts money into a project, I will appreciate it more than the A team members

I don't understand what you are saying. How were those team members any good if they messed things up? I guess it depends what you are looking at in the project. If it's only growth you are after
you might sleep better knowing that the project is on the strong fundamentals and doesn't rug you overnight. Strong team doesn't equal price growth but i have way more respect for actual geniuses then some marketing team selling snake oil.

robattfield

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Investment approaches can vary from person to person, and you will choose a strategy that suits your risk tolerance, investment goals, and personal preferences. There is volatility and rapid change in value when navigating the cryptocurrency market, so people like and care about it. However, the risk is there, and choosing the thousands of coins out there that match your financial requirements can be quite a challenge. So how you approach it will allow you to make more informed decisions in the ever-changing crypto market.

bayudndy

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When I want to invest in a certain project, I first see how it works, how the team works, how the tokenomics work, the roadmap works, etc. Although I may not be able to remember it, at least I can remember some important information about the project that I want to invest in. Moreover, compare this project with similar projects to consider its network potential. So what are their strengths, and whether it's the next trend or not, will be the key to my investing in certain projects? Be careful when working and investing in this market.

TheGreatPython

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Quote from: GreatArkansas on May 21, 2023, 07:25:17 AM

Quote from: o48o on May 17, 2023, 10:43:47 AM

(.....)
Aping in to just tokens that has just been released: By doing this i don't have even the time to do decent research. I try to look everything as fast as i can and hope for the best. With this tactic i have found my best micro caps. I have also been bought into some instant rug pulls.

This is very risky especially if you didn't do any research. Like your only basis is "just been released". This is gambling.
But I know a lot of people are making huge money by just doing this.

The list on top is better, especially the real-world use case and good tokenomics. You must always do research first and know everything before you put your money because in the long run, you will be profitable by just doing that.

It's obviously too risky to invest in projects that are just released, especially if you have not researched and analyzed them well. We all know that some of the newly launched projects do manage to get them together and come out as good projects after some time, but most of them fail miserably since they don't have a proper plan for their projects.

A lot of teams only come up with a short-term plan of releasing a project, running an ICO or a token sale to gain funds, and then vanish from the scene without letting anyone know, the investors of such projects regret it later for why they wasted their money on it.

Xal0lex

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Quote from: o48o on May 22, 2023, 04:34:30 PM

Quote from: Xal0lex on May 22, 2023, 09:45:52 AM

Quote from: o48o on May 17, 2023, 10:43:47 AM

-snip-

This is not necessary at all. In most cases, it makes absolutely no difference for the token to give a great return to its investor. The PEPE example proves this statement perfectly. The most important thing is to consider the narratives and what kind of hype is around right now regarding the coin's category. The same TRON has a strong fundamental and useful utilitarian properties. Except that it hasn't updated its ATH in the last 5.5 years.

I am strongly starting to agree on this. Although i didn't see tron having strong fundamentals. Imho it was like a centralized lego version of Ethereum. Something to play with but it would have crashed to scaling too. Sure, it was fast, but so would be eth with less users.

Still hope that some crypto tech will get breaktrough adoption and not just hype. I am uncertain what it would be. Most likely tech still needs development for it and some cutting edge new solutions.

But at the same time TRON has a wide spread in the crypto community, and its blockchain is very popular among those who are engaged in USDT transfer, because the TRC-20 transfer fee is much lower than the ERC-20. All major exchanges support this blockchain. Despite this, TRON in no way can storm its ATH, behaves like XRP.

Lamkuthang

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Quote from: yazher on May 23, 2023, 06:36:50 AM

As for me, I am taking my time before I even put some money on certain altcoins because most of what they are saying, in the beginning, is sometimes copied from the other successful altcoins right there. In this case, you need to be familiar with the originality and their updates in order to know if the others are just copying their method or just lying about their developments. After I found something unique on their whitepapers and witnessed that they were honest with it, also they are constantly updating their product I'm gonna consider buying a decent amount of that altcoin.

That's right @yazher as you say. We also have the same task as the developers in providing an overview of the project's performance in terms of choosing and investing. because we risk money and time for the success of their projects even though there are implied benefits in their future projects after we invest.

Doan9269

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Quote from: v3liana on May 22, 2023, 11:13:18 PM

If it's a project I'm willing to hold for years I will read the white paper, look at their dev team, roadmap, historical price action before buying.
I also look at coins with promising tech and a strong community. I mostly invest in alts that I find interesting.

The question here is more about the parameters you take or how you conduct your own research before choosing a coin to invest upon, just as we all know that there are many ways we can conduct our own personal research while ensuring that we beat down the risk level to the least and bearest minimum of possibilities before we go for one, we must ensure that we make adequate consultation on any coin before investing on them in other for us not to risk loosing our asset of investment in those coins we've chosen, we shouldn't hold as well for too long.

yazher

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As for me, I am taking my time before I even put some money on certain altcoins because most of what they are saying, in the beginning, is sometimes copied from the other successful altcoins right there. In this case, you need to be familiar with the originality and their updates in order to know if the others are just copying their method or just lying about their developments. After I found something unique on their whitepapers and witnessed that they were honest with it, also they are constantly updating their product I'm gonna consider buying a decent amount of that altcoin.

Bolivar_Tony

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Quote from: o48o on May 17, 2023, 10:43:47 AM

I've been around for a while so my tactic has varied a lot. I have choosen my coins and tokens by the fact they have:

Team: I find this most important, without good team that knows their stuff you are destined to fail. In ideal case i choose professionals that are transparent and know what they are doing. They have coders in lead, their own legal team, and regular amas. Needless to say that i want everyone doxxed. So far every coin or token with anon devs that i have bought have vanished.

I agree with other points you just mentioned, but the team members part, In my own opinion I might not totally depend on team members, I have seen projects that have A team members and they mess things up and as well i have seen team with no known team members and they are making great waves.
For me I will rather look at people backing the project, example if a well known crypto investment firm puts money into a project, I will appreciate it more than the A team members

v3liana

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If it's a project I'm willing to hold for years I will read the white paper, look at their dev team, roadmap, historical price action before buying.
I also look at coins with promising tech and a strong community. I mostly invest in alts that I find interesting.

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