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Topic: How do you choose which altcoin will you buy? - page 19. (Read 2792 times)

sr. member
Activity: 1624
Merit: 250
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.
When researching a project  look at its wp and team. Wp shows their goals and the team shows how strong the project is. But, in my opinion, the team should be a top priority. Regardless of the product, if the team is strong, it moves it to the dimensions no one expects.


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.
This is very complicated, because I can't describe how shitcoin is with a single sentence or article. To understand, you must use your own experience.
jr. member
Activity: 176
Merit: 1
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.
Everybody wants to want things to be better for the future, but who knows what will happen in the future. If you want to want a coin for the long term, first identify the coins you want to have, judging by the characteristics of the coins with the situation or circumstances in accordance with the future. Predictions in accordance with existing facts.
full member
Activity: 1176
Merit: 162
I usually look at the projects team if its not fake, the concept of their project if it's unique, if they are active attending conferences and having AMA (Ask me Anything) on different social media, listed on a decent exchange with good trading volume. Not a fake volume generated by bots on not well-known exchange. Listed on CMC or coingecko with good reputation don't risk on suspicious projects.
legendary
Activity: 3178
Merit: 1054
there will be more to consider before deciding.
choose the ones with considerable amount of volume probably about $50M+ daily, you'd mostly see them on top 50 but also look at the price and the technology if the possibility that it can be achieved. the last is going to be hard to why not just try the very obvious coins that are on the very top 10-20.
sr. member
Activity: 938
Merit: 251
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 am looking with new project listed one exchange market because many investor keep waiting for buying and selling with new listing coin. I think most profitable investing with new altcoin than old altcoin but only with short term investment, you can't hold long time with new altcoin listing on market, never keep holding more than one month later.
sr. member
Activity: 951
Merit: 259
There are hundreds of judgments that will affect this decision.

But examining the partners of the project can save your time in the short term. Besides, the exchanges of the project listed, also important. If the volume of the project is in shit exchanges, the volume is probably inorganic.

You can have a lot of information about the project just by looking at these two data.
sr. member
Activity: 2366
Merit: 448
Enjoy 500% bonus + 70 FS
The truth is very simple, if you are in doubt because you are a beginner, you better choose 10 of the best cryptocurrency digital currencies besides Bitcoin which are trusted and profitable and you can check them here:
https://coinmarketcap.com/rankings/exchanges/
https://www.coingecko.com/id/exchanges

and besides that what is more important is to have knowledge and understanding of the workings of cryptocurrency and the technology that underlies their business, in every investment there must be a Risk / Reward, but this risk can be minimized with adequate information and research.
sr. member
Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
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.
If you are looking for a token/coin to invest with, I highly recommend to go visit Coinmarketcap and look for top-ranked coins such as Bitcoin, Ethereum, XRP and more since they are the most liquid in the market that could probably bring a high return. However, if you still wanted to invest in new projects make sure to have some research first where you want to invest with, check for their development, their roadmap and if they will able to reach their hardcap. There's a lot of projects that do not meet their goal so better to do some analysis first.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
Bitcoin is the only cryptocurrency that i buy without giving much thoughts about it because of its huge potential. However with altcoins you got to be very careful or else you will definitely end up with shit coins. Look at the following factors at least when buying into any altcoin but don't limit yourself to these.
1. The experience of the team members and whether they have already worked with other companies before.
2. Do they have  a working product or a demo one at the moment.
3. The use case of the project. Is it something which has a real world connection which blockchain solution would be a great help to?
4. Does the team have a good marketing plan because nobody will know about a product until it's marketed out there.

With a good and potential coin i would say go in for TEM, it's quite young and i think its future is going to be great.
full member
Activity: 882
Merit: 102
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Do you know any projects that you believe has a bright future?


Check if that project already have a built product, managed by a experience team who are scared to ruin their names and partner with known or trusted companies. It doesn't matter how big or small the companies are but didn't have a bad reputation as well complaints can be a good start to support them and lastly check if their product answers why that product can last long in the system, it should solve a specific problem in the system or will be in use for practicality.

But it is hard to decide if the project is needed or not. You can attract investors on this "promising" product, but the really would be that noone wants it. How do you get these informations that the product is really needed in a crypto community?
member
Activity: 490
Merit: 10
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.
Notice: Beware of scammers, they have nothing to offer and their projects are based on copies from other working projects, fake teams with stolen identity and copycat whitepapers

The new projects i am most interest in these days are exchange tokens, if the new exchange have real pro teams they will do fine, exchange tokens can really be valuable in just a year or two, still some new exchanges are bad, do your own research on them first
member
Activity: 574
Merit: 18
Making Smart Money Work
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.
Mainly looking into new projects is not safe for a newbie, i hope you understand what it takes to pick better altcoins? if not you are better off with old altcoins, many new altcoins are in disguise, they aim to fool people that they can actually deliver quality project but as time goes by they stop following their roadmap, be very careful with new projects
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
I think before making any purchase of any kind, that one should practice their Due Diligence beforehand. Some people see gold when they look at all of the different altcoins in the market, then decide to throw all of their hard earned money on projects that either have no abundant future, or a copy-cat clone project that adds to the many alternatives that are already over-flooding the market. It is good to do research before you buy in and find out if the coin even has a future. Check out the team and the community behind the coin. Do they offer a white paper, a general road map for goals and overall transparency?
  You have to ask yourself whether or not you see the project prospering in the future. I'm sure you'll receive plenty of advice within this thread but please remember to practice your Due Diligence first.
full member
Activity: 854
Merit: 101
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 think before you invest in a project it is important that you know everything about it. Its background and its future development as outlined in the project whitepaper. Knowing also about the team and supporters would tell something about the project just like the community it has and how the team handles inquiries of its community.
jr. member
Activity: 71
Merit: 1
generally see project products, project partners, team & developer backgrounds, project road maps & how much confidence you have in investing in new projects. there are currently many new projects that end in fraud, especially with projects that offer large bonuses to investors, you need to reconsider before investing in a project like this.
sr. member
Activity: 868
Merit: 333
The first is to make research and determine the function and if the altcoin does have a potential of growth.
Like this one, I specified..
there are several things that will become my research
- I will make sure this project has a large and active community
Yes, this is one of the most important thing, to see if the project has enough community to keep the project active and make sure that more crypto users will hear about the project.

- see project partnerships
This can help to determine if the project is really serious about the project, partnership with a popular company or other projects can help to make the project stronger.

- see history of trading volume every day
Studying the market is also important, actually, it may be hard, but it is needed to know if an altcoin is good or not.

- see which exchanges are listed, it would be better if the project was on popular exchanges
I do agree, this is also one of my options to see if the project is good, listed in a popular exchange can help to have a large volume of an altcoin.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
I take the product as my primary consideration to determine whether if that was a good project or not. As a project that has been running for a few years, the product is a must consider that will reflect the consistency of the developer itself to make the platform even bigger from time to time.

I put my attention to the usefulness of the token or coin to consider about this is crypto and to be a good platform. The token must have utility usage rather than become security.

Yes, I do know about that if just like litecoin, crypterium, CRO and many more. They are all having an actual product, and so many people are still using it. For some companies like crypterium, CRO, etc have launched their product and they have active users. The company can get revenue from there to do more R&D.

This is not investment advice but, i try to tell you something I know about that.
hero member
Activity: 1120
Merit: 554
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Do you know any projects that you believe has a bright future?


Check if that project already have a built product, managed by a experience team who are scared to ruin their names and partner with known or trusted companies. It doesn't matter how big or small the companies are but didn't have a bad reputation as well complaints can be a good start to support them and lastly check if their product answers why that product can last long in the system, it should solve a specific problem in the system or will be in use for practicality.
hero member
Activity: 1470
Merit: 655
it is not an easy task to perform. it requires a lot of experience and then a lot more luck.

i'd say you can categorize your choices into two categories:
1. real projects that have something interesting.
for these you have to have a good understanding of the technology and be able to look at the code and see what it is doing. and also you have to be familiar with a lot of projects specially bitcoin.
what you need to do is to start by reading the coin's paper and follow that up by looking at the code. see how much of it is actually new and how much of it is copying bitcoin.
more importantly see if the new things are any good (this part is very hard) or is it just hot air for advertisement and pump and dumps.
these "good" coins rarely give you any decent profit though. because these coins will never be pumped. they may have some rise and give some profit.

2. the shitcoins that get pumped and dumped.
obviously we all want profit. looking at the market and the top altcoins on coinmarketcap it is palpable that only shitcoins can get the biggest pumps and as a result give the biggest profit.
to make profit like this you have to be an active trader that have lots of time to watch the market and analyze it looking for pumps then as you catch one in its early stages of the pump you jump onboard and ride the pump to near the top and before it reverses you dump it and get out.
this is a risky strategy but the profit is a lot higher.
sr. member
Activity: 1092
Merit: 250
Choosing the project must be done with research especially in altcoin which tends to be prone to death, seen from the developer how it works real, has a relevant plan going forward, tokens in the live market means large volumes when trading, the point is better to find the top in the Coinmarketcap order will be better.
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