Topic: How do you choose altcoins you buy? - page 3. (Read 694 times)

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'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:

Real world use case: When i came in i was told buy coins with actual real world use case. I tried to find those but so far i haven't found any real world adoption for anything other than permissionless transfer of wealth that's been done with bitcoin from the start. Maybe some smart contracts can be useful but they have not been adopted in any significant scale. There's potential in many of them, but most of them are now going to be adopted ever. And even their devs know this, yet they can't really say it as they want to sell their snake oil. I a still looking for even one that might be adopted.

I think that waiting 2 years to buy altcoins does not work, because altcoins do not depend on the time elapsed, they will not get better, altcoins need to be checked to draw conclusions in price, find general information about the project, what are their plans, if the project is promising, then altcoin in price will grow

I usually look for coins with a low to moderately low supply. I don’t often buy coins with multiple billion supply. Although saying that, I have bought $PEPE, SHIB & DOGE.

Very often I am too late to the party. It’s good to get coins before they get listed on major exchanges. It’s often a bit of a lottery, a shitcoin roulette but if you invest small amounts in multiple coins you can do well.

A project that has a good team and a good vision and they do almost everything perfectly and on time would barely become unsuccessful unless they have low-level marketing and don't know or work on how it should spread the word about its project and the products, otherwise, if everything is on its place, the project should get the funding it deserves if marketing is done correctly.

That is why it is also important to always see how a project is represented on social media or other marketing places like this forum, if you see them being good at it, believe that it will be a success if all other things are okay with the project.

I am a long term Investor. And I have used all the tactics you have given me. But as someone who likes to hold for the long term an effective tactic in my opinion is to buy and run. Do a little research about the coin you want. Look at their trading volume and ranking on CMC. If it's good, give them a few hundred dollars or so. I have been doing this for years and I see it is quite effective for me.

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:

Real world use case: When i came in i was told buy coins with actual real world use case. I tried to find those but so far i haven't found any real world adoption for anything other than permissionless transfer of wealth that's been done with bitcoin from the start. Maybe some smart contracts can be useful but they have not been adopted in any significant scale. There's potential in many of them, but most of them are now going to be adopted ever. And even their devs know this, yet they can't really say it as they want to sell their snake oil. I a still looking for even one that might be adopted.

Good tokenomics: This i am still using as a reason to buy. Issuance rate needs to be sustainable, and distribution needs to be wide and fair. Marketcap needs to be low enough if we are not talking about the coins that already have the necessary net effect to attract developers and keep on growing more.

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.

Right size marketcap: Most money i have made in this game is by finding suitable microcaps, like under $100k. If conditions are right, they can something like to 500k and above really fast, and i can take like 70% of my investment out potentially very fast. Rest of them stay for moonshot. But as a disclaimer i would like to say that while microcaps have have technically most room to grow, they also have highest changes of being rug pulls or slow rug pulls.

Trusting a tip from a friend: For some weird reason my newb friends have found some gems. They don't even necessary understand what marketcap means or how to do research. They might have bought because they liked the name. I see no reason buying them but they are making a killng with them. These days i throw some money on what ever they say. That might not be smart but i might as well.

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.

So far every coin or token with anon devs that i have bought have vanished.

Good team, original content. Real-life use case of the developed project. The team's roadmap and goals are all very important. My approach to an altcoin project is not one-sided. I usually prefer to invest by looking at all the details you mentioned. It seems more correct to evaluate it as a whole rather than a few factors. Of course, even if you are completely sure, there are many risks, so you have to make the final decision yourself

Good team, original content. Real-life use case of the developed project. The team's roadmap and goals are all very important. My approach to an altcoin project is not one-sided. I usually prefer to invest by looking at all the details you mentioned. It seems more correct to evaluate it as a whole rather than a few factors. Of course, even if you are completely sure, there are many risks, so you have to make the final decision yourself

I don't agree with all the points done by the OP. Specially listening to friends for profitable coins and jumping into new coins that are launched.
-cut-
In short, altcoins are less likely to give you stable income in long term than bitcoin.

If you want to buy any Altcoin, I check the following points:
4) on which blockchain the token is starting;

I couldn't find this would be one way of choosing altcoins. My bad experience in the past due to a recommendation from a friend makes me think that trusting is somewhat difficult this time. I lost my hard-earn money because I assumed that trusting a close friend could assure also that I was safe but not knowing he is also a part of the scammers.
That is exactly what I would say if we have to invest in any form of investment, especially in crypto must be done with research first. We can decline an offer from our friend or to any person if it is necessary.

Sometimes the team doesn't defines the success of a project, I have seen projects back then early 2017 that came up with cool concept and with good team who were working tirelessly to make sure everything are being put to front, also with adequate protections in terms of security aspect.
But actually the project didn't survive why?

Because they couldn't raised the required funds during their ICO's and tell me if then someone choose to venture into their project don't you think that is a waste of resources?
And then there were lots of scammer who internationally want to scammer people with their hand ear money, what I actually sense from project that would be successful is that if the team are self funded and already made at this they won't purely depends on their sales to raise funds to further develop the project rather looking on their funds after which they got listed.

Many of the successful projects have taken some time before establishing themselves certain if you find a project and you are convinced that the value of coins grow over time you can buy them.... I personally after many mistakes and loss of money prefer to wait, sometimes patience pays off....