How do you choose which altcoin will you buy? - page 17.

zeze18

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Quote from: albrots on November 12, 2019, 09:05:20 AM

If indeed you want to invest in altcoin you have to choose altcoin that is in the top 10 or 20 in CMC, because if you choose a coin that is not yet clear and is ranked below, it will be very difficult and more risky. Now many fake projects are deceiving many investors, do not be lured by the discount given. Must check first. I, as a bounty hunter, also choose projects that I want to work on so that my work is not in vain because I take part in the bounty scam campaign.

Under 20 is doesn't mean scam and you we probably could get more profits than investing on top 20. Just like what happened before to DxChain it gained very big growth in a short time. And sometimes top 20 coins is also have slow growth and also it's not always profitable because mostly the top 20 coins are following the bitcoin movement

albrots

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If indeed you want to invest in altcoin you have to choose altcoin that is in the top 10 or 20 in CMC, because if you choose a coin that is not yet clear and is ranked below, it will be very difficult and more risky. Now many fake projects are deceiving many investors, do not be lured by the discount given. Must check first. I, as a bounty hunter, also choose projects that I want to work on so that my work is not in vain because I take part in the bounty scam campaign.

Kersh768

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Quote from: SheriffEl on November 11, 2019, 05:01:47 AM

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

Every investor have their own standards and criteria on choosing the right investment for them. It could be based on factors such as popularity, the influence, the team in which that project belong, etc. At this moment, honestly, it is hard to find a good project to engage myself with. I've seen many projects having huge potential, failed in the long run this year. The problem is the bear market. The coins and projects are falling because of it in which I think it would be better to wait for a little longer for now.

StephenJH

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The team behind the project and the whitepaper are my main criterias for eliminating useless, scam projects. The legit projects have a strong team and working product which is essential to strengthen their place in the competition of the alternative projects. Having deep research and experience let me find promising projects for investing.

GSpgh

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Quote from: ice18 on November 12, 2019, 04:49:58 AM

Nice suggestion but he is asking for any altcoin not bitcoin as you have said, OP, obviously if you want to invest on this thousands of altcoins listed on CMC why not consider choosing on top 10, its the best projects so far thats why they are listed at the top and has many supporters and huge trading volume, you can trade it anytime you want if you want to sell.

Check the top 10 coins in 2015 and let me know how many are still in the top 10. And would you have guessed back in 2015 which ones were to stay?

5 years from now BTC will still be #1. Other coins come and go.

acdc

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Before you decide to invest in a coin, do your own research on that coin. Professional development teams, new technologies and large communities are plus points for a project. Besides, check out the development progress of the project, the white paper and its partners.
If you can test the project carefully, you will choose a good coin and avoid losing your money.

fuer44

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I don't know the right trading theory, and you don't have to follow my way because we have our own feelings. The way I choose the altcoin I will buy is to look at the altcpin with the highest price reduction presentation on the market. then I look at its history, what is the highest value before falling, and I will start to calculate, how much the profit presentation if if the price returns to its original value before the last fall. just like that is enough for me. but yes, my method may not have been fully effective, and the results have not yet reached the biggest profit.

jootn2kx

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Quote from: SheriffEl on November 11, 2019, 05:01:47 AM

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

I don't, I think that if someone wants to invest - BTC is the way to go. Altcoins are all moved up or down depending on what BTC does, and any change on their own is only a temporary buff that quickly sees a correction. They can be used by traders, but for investors, I think BTC is the best option.

o.ogurlu

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Nowadays, choosing tokens of new projects can be quite risky. So I recommend that you check almost everything (whitepaper, team members, comments about the project, partnerships, etc.) before investing in a new project. And unfortunately, sometimes even this researches is not enough. That's why I suggest to you invest in one of the top altcoins instead of a new project. Because this way is much safer under the current market conditions.

Annexia

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My major parameters before I invest into a project is looking at the

1. Team: The team really have a great role to play towards any project development. Sometimes the use case does not always work. Its the seriousness of the team that will make the project and its use case great.

2. Another thing I look out for in any project is the roadmap and white paper. Bear it in mind that these are just paper works. And that even a quack project can come up with a mouth watering roadmap and white paper. Checking at the roadmap and white paper, one just need to technically review these before deciding.

3. Other things I can look out for is Funds. Does the project really have fund to backup? Often times I see a lot of projects without any meaningful funds to back it up and I wonder how they intend to cope with the project development and all that.

andika2018

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Quote from: SheriffEl on November 11, 2019, 05:01:47 AM

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

For altcoin, I will be guided by the value of the market cap in the top 100 coinmarketcaps. The ranking in coin market illustrates the interests of investors and also the liquidity of a coin or token. From the available figures, we can analyze whether or not a project is a long-term investment

mrdeposit

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I do not want to repeat the other things again. The project should excite you, you should think that is what I look at. What the project wants to create, the team should satisfy you completely.

Quote from: ?? on ??

I just dont buy any of them

Your tactic is good, so you never lose. Cheesy

ice18

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Quote from: GSpgh on November 11, 2019, 07:40:39 AM

Easiest choice ever. Buy the top 1 in market cap. Advantages:

Huge liquidity and many ways to exchange with fiat.
Many use cases if you want to spend it directly.
Solid network - lots of mining power securing it.
Name recognition, public acceptance etc far beyond any other coins.

Nice suggestion but he is asking for any altcoin not bitcoin as you have said, OP, obviously if you want to invest on this thousands of altcoins listed on CMC why not consider choosing on top 10, its the best projects so far thats why they are listed at the top and has many supporters and huge trading volume, you can trade it anytime you want if you want to sell.

HabiebRiziq

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Quote from: SheriffEl on November 11, 2019, 05:01:47 AM

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

Maybe they buy new coins that have just been listed on the exchange, I do not think that all new coins are useless coins to buy, because some new coins can also make a profit. So for me it depends on how we observe the coins we are going to buy, it is better to observe the movement of charts in the market and ask for advice from some people who buy the coins before deciding to buy them.

alan2here

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WorkAsPro

Quote from: huu78 on November 11, 2019, 08:10:15 PM

No one knows in future which Altcoin will go up to his project because at any given time all projects can die even though the project is already famous for any constraints.
Because there are all risks in this crypto, I recommend buying and withholding Bitcoins that do have clear prospects of altcoins.

It seems that everyone likes to choose Bitcoin as a long-term investment in this market because the benefits that this coin gives us are really great and have a very high value in investing. In fact, holding Bitcoin cannot make you rich from this time but if you choose altcoin to invest, you will be able to double your profits in short time. If you have accepted to participate, you should risk your investment because fear will only make you spend more time.

I hate to say this but altcoins are now very cheap and should pick some good coins like Atom, BNB, NEO, XLM to hold because these are the recommended options during this time.

LouVandetta

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It's hard to predict which one of those projects will have a bright future. As for me, I mainly buy an alts that has a stable daily volume and quite big marketcap if possible. It's better to be on your safe zone than investing on new alts. But if you really believe in those new alts it's all up to you to decide. If possible do your research regarding the new projects you're trying to put your money in. Their team, partnertship and all.

SheriffEl

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Quote from: barnes13 on November 11, 2019, 07:11:24 AM

It seems better if you research the projects that you want to support yourself and start investing your money in them. Because, everyone's views are different and surely we have our own choices and you too, it would be better if you focus on 1 project that you trust and do all-in on them. But I don't really recommend investing in dead coins, usually they have abandoned the development of the project and there is no good future for long-term investment.

Of course, I only look at the projects I'm interested in, or if they are doing something which I like in the first place. I have read lots of posts people saying that they invested in a scam or that invested in a token/coin that than failed after a few weeks. How to recognize such tokens? Tokens that you think have a bright future and good project behind but end up failing.

huu78

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No one knows in future which Altcoin will go up to his project because at any given time all projects can die even though the project is already famous for any constraints.
Because there are all risks in this crypto, I recommend buying and withholding Bitcoins that do have clear prospects of altcoins.

BlackFor3st

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Quote from: SheriffEl on November 11, 2019, 05:01:47 AM

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

You can base your decision in coinmarketcap as you can see which project is still active and keep on growing. Top 5 to top 10 currencies there are safe to invest and the risk is not that high compare to other currencies that are still new.

It's better to play safe right now as the market condition is kinda bad but if the market will start to recover then there are plenty of choices that we can choose on and we can gamble to high risk of investment as the return will be high also compare to low risk investment. Right now, holding a long term is the best option for you while waiting for the market to recover.

joshua123

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Check out CMC. First, look for a low marketcap coin that have a little supply, that has some decent exchange listing and quite have volume. These coins and tokens have potential to be 100x when certain glimpse of bull run arrived. Also, might wanna consider POS coin that has masternode hosting, you can earn some coin based on required token amount just by holding.

Topic: How do you choose which altcoin will you buy? - page 17. (Read 2792 times)