How do you choose altcoins you buy? - page 4.

GreatArkansas

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Quote from: o48o on May 17, 2023, 09:43:47 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.

poodle63

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Quote from: davide72 on May 20, 2023, 04:25:51 PM

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....

Agreed, that's pretty much the same like when ethereum was skyrocketing after bitcoin gets bullish due to the decrease of block reward. As long as the development is still active and the project won't die. Ethereum has proven that how many people were missing it during the ico time. The wait paid off for all of old holders caused by they have become millionaires. The most important thing to pick the legit coin.

davide72

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Quote from: Yatsan on May 19, 2023, 06:08:06 PM

Market volume, token supply, and popularity. These are the factors I am checking when looking for a coin I could make profit of. These factors won't guarantee profit but atleast it would lessen the risk of losing big time unlike with investing to some random coins wherein prices would change in every minute. Likewise with projects; whether to buy on pre-sale or not, depends on the platform they are making. If it has potential then it would be worthy of investing.

Quote from: davide72 on May 19, 2023, 03:37:56 PM

Newly launched projects on the market are very risky so I always wait about 1 year or two before buying. However I always look at the usefulness of the coins, the team, and very often in which exchange they are listed.

A good strategy I guess but if you're too conscious of big win, then this won't probably work. Profit would start the moment a coin is introduce to the public but determining whether its price would continuously increse over years, would be hard.

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....

Ziskinberg

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Quote from: o48o on May 17, 2023, 09:43:47 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:

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.

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.

Captain Corporate

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I personally believe that we can't really end up with strict situation like "if x is this then I end up with investing". It can be for all kinds of investment and that's how I end up with getting anything, I just do whatever we do and that's how I approach to this. I get that there are people who will do whatever we can, and that should be something more strict for those people and they end up with like fixating on that, but I personally believe that the best thing for me is to just take the situation at hand based on the data I have and just adjust myself based on that. I get that its not going to be easy to handle for many, but I will do whatever I can personally just dynamic and not fixed, that's how I approach. Doesn't mean all should do that, but I will do that myself.

carrie_white

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in determining which altcoin I will invest in, I always look for altcoins with a unique and up-to-date utility basis, it is indeed quite risky because new ideas are usually difficult to accept, but if successful then the altcoin will be very expensive

podluznyj

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Quote from: davide72 on May 19, 2023, 03:37:56 PM

Newly launched projects on the market are very risky so I always wait about 1 year or two before buying. However I always look at the usefulness of the coins, the team, and very often in which exchange they are listed.

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

MIner1448

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Your approach to choosing coins and tokens has its own characteristics, and you share the reasons why you make your investment decisions. It is important to remember that every investor has their own strategy and asset selection criteria.
However, it is worth noting that investing in little-known projects with a small market capitalization and a dubious team carries a high level of risk. As you rightly mentioned, carpet pull and scams are common issues in projects like this. Therefore, it is important to be careful and carry out your research, even if you rely on the advice of friends.

Hypnosis00

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- market performance
- exchanges where it was listed
- has use-case

All of these things are enough to say if that project is worth investing or not. Might most of us have the same criteria but it's up to you OP if you dare to follow it because, at the end of the day, you are the one who decides. And of course, you can't blame other people for whatever happens in your investment. I suggest that you take the courage, no risk = no gain...

dlightag

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Before I invest my money in a new alt-coins that just listed in coinmarketcap or coin gecko, I make a research of the team behind the project, and check the smart contract, and also the road map, finally whitepepper and the website of the project also matter, if the project look unique or not, in other words, for less risk investment is to buy Coin that has already established in cryptocurrency market.

justdimin

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Quote from: Adbitco on May 19, 2023, 02:57:23 PM

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.

I think that's the problem, the main problem is to have a team to begin with. Investors like that for some reason but we shouldn't rely on a few people to make money, teams mean exactly that, we rely on that team to make money but we shouldn't and that's a terrible idea.

I personally believe that the best thing to do in this case is to make sure that it goes the right way and we do not face with anything that will hurt the bitcoin market, and thinking that some teams could develop something that will go up is one of those things, we shouldn't be doing that at all and we should be looking at different angles of this instead. I hope that it goes well, and they make money but I won't be giving them my money to build it, let them do it and if it's good I will buy some.

Wiwo

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The first and only tool i used to search for the best altcoin to speculate for short tern goals is to do proper market research and analysis of the market and this is what determines my level of interest to speculate and working on considering whether or not the coin is a good coin to invest in knowing full well the risk associated with altcoin investments.

Yatsan

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Market volume, token supply, and popularity. These are the factors I am checking when looking for a coin I could make profit of. These factors won't guarantee profit but atleast it would lessen the risk of losing big time unlike with investing to some random coins wherein prices would change in every minute. Likewise with projects; whether to buy on pre-sale or not, depends on the platform they are making. If it has potential then it would be worthy of investing.

Quote from: davide72 on May 19, 2023, 03:37:56 PM

Newly launched projects on the market are very risky so I always wait about 1 year or two before buying. However I always look at the usefulness of the coins, the team, and very often in which exchange they are listed.

A good strategy I guess but if you're too conscious of big win, then this won't probably work. Profit would start the moment a coin is introduce to the public but determining whether its price would continuously increse over years, would be hard.

timoshani

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If you want to buy any Altcoin, I check the following points:
1) supply;
2) tokenomics;
3) perspective of the idea;
4) on which blockchain the token is starting;
5) listing on which platforms is planned or is already taking place.
I think this is for the initial assessment to buy or not buy enough. Further, a deeper analysis can be carried out. And so, in general, if a man has a good investment portfolio, then he can buy new Altcoins for $50-100 through one or two projects...). Somewhere, but he will be lucky!

Yamifoud

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Quote from: davide72 on May 19, 2023, 03:37:56 PM

Newly launched projects on the market are very risky so I always wait about 1 year or two before buying. However I always look at the usefulness of the coins, the team, and very often in which exchange they are listed.

Sometimes you never think and even waste your time for them monitoring their progress because many of them are already dead just a few weeks after launching. You'd be better to monitor the old projects that have been use-cased already and make a plan to invest in these coins are literally will give you a fortune.
AND must also consider some of these things,
- popularity ( not just hype but also people see this project as it was been playing a big role like ETH and Polygon)
- exchanges where it was listed ( top exchanges)
- price ( growing)

davide72

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Newly launched projects on the market are very risky so I always wait about 1 year or two before buying. However I always look at the usefulness of the coins, the team, and very often in which exchange they are listed.

Adbitco

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Quote from: o48o on May 17, 2023, 09:43:47 AM

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.

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.

MAAManda

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Quote from: passwordnow on May 17, 2023, 05:32:05 PM

I still own some alts but I've decided not to look after another and a new one. Whatever I've got and if I want to invest in, I'll just add more to my stash with its quantity as it saves me time. Before it was all about the credibility of the project that makes me want to look after them and I've stuck to that and choose to get into projects that have already built their reputation and that's what I trusted them most. I don't get any help to any friends of mine, they're even worse than me at picking.

From your response, I judge that you're an investor with a conservative style, the most important thing is about credibility and rather than looking for other alts, it's better to add to the accumulation of the alts you already have.

I also have this style in alts selection, but is credibility everything? We've seen several projects that had very good credibility but in the end they ($LUNA & $FTT) also disappointed. For me for now, credibility isn't everything, choose a project that's riding the wave, then you will benefit, that's all.

bitgolden

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Quote from: someone703 on May 17, 2023, 02:44:36 PM

For me, an altcoin project is one that includes criteria such as a good team, backers, a reasonable token price, and a strong community. Those are the criteria by which I always look for altcoin projects. In addition, it is also necessary to learn more about the product technology they are aiming for. As well as whether their products are in line with current trends or, in the next few years, will be breakthroughs in some way. So although there are many altcoin projects with many interesting ideas, if the above criteria are not met, I will remove them from my investment list.

I think when a project reaches all of those, it is rarely a project that is new and the price is already established most of the time. So that means it is going to be a smart move to do that for top 10 or at worst top 15 projects and most of them are already at their peak so you need to find one that also has scalability so that it can continue to go up. Like for example I do see that Avax is a magnificent project, it is really great, everything about it is great but also I see that as not going to grow any bigger neither, that's an important point.

I believe that we should not be focusing on anything at all, I end up thinking that the best thing to talk about is the way we can move forward and that is going to end up being the point for me, just find something that has a future.

Natalim

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Well, the best thing to do is not rush into investing but rather and must spend more time doing research. I agree that those points seem to give us an idea of which project is good for investment but we should not also be confident that it all be safe, especially for new projects.
Their market performance is the metric that I use to assess a particular project. Seeing them improve and fewer corrections during the market crisis, it is likely to tell us that this project will survive and has the huge potential to grow year from now.

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