Topic: How do you choose which altcoin will you buy? - page 2. (Read 2783 times)
I always study a project by doing thorough investigations aside that I will check exchanges it's trading then after it I will know if it's on rise or dipped. If it has dipped I will just buy at dip. I do not buy anything i see knowing the fact that team can exit scam and also I am always watching their social media handles. These are ways I tackle it.
to be on safer side, old coin like btc, eth, bnb are the sure bet. but if you would like to choose new coins, first check for newly added coins on coinmarketcap, then do some findings on the team behind the project and what the project aims to achieve in the blockchain industry, check the total and circulating supply of the coin, exchanges where the coin is trading is very important because that is what guarantees highly liquidity.
If you want to buy any altcoin then you should check these, Hope it will help you to find good altcoins.
1.Good Coinss are Supported by Known Teams and Timely Development Cycles.
2.Good Altcoins Have Excellent Operational Attributes.
3. The purpose of the altcoin should be clear, with supporting secondary objectives.
4. They should have Have Good Trading Characteristics.
1.Good Coinss are Supported by Known Teams and Timely Development Cycles.
2.Good Altcoins Have Excellent Operational Attributes.
3. The purpose of the altcoin should be clear, with supporting secondary objectives.
4. They should have Have Good Trading Characteristics.
I check firstly with how much transaction volume on exchange market before buying some altcoin, I check spread how far different price between buy and sell order, I got many time with any coin have little volume transaction and far away between sell and buy order and make me left with this altcoin, I am looking for an altcoin reach above 1 million volume transaction and listing on any exchange market exactly have listed on Binance and checking with track how many percent change today, but when bitcoin suddenly dump we can't prediction based on chart and not give us chance how to get much profit with trading altcoin.
I bought xrp, xlm and eth. I have sold some parts and held the rest. I will actually buy the dip again. These coins have given good profit to their holders.
My investment decision depends on the chart, I'm a technical analysis trader and I focusing on charts and my decision depends on the current price action. I will just make an investment on a altcoins that have good price movement. Like now I focusing on XRP but it currently drop and the current market sentiment is retracing so just be careful if you will trade today.
I generally discover the advancement of the venture and the network. improvement is required for a venture to take a stab at the future on the grounds that without advancement there will be no interest rolling in from the network. on the off chance that the turn of events and the network are adjusted, the undertaking will endure regardless of what occurs with the market. I likewise read their white papers on whether they have a decent undertaking that will help draw in more financial specialists.
The liquidity and the spread is the most important for me when it comes to trading altcoins, I will not trade altcoins that have huge spread because for me that altcoin is shitcoin where in the buyers are only few. I will just buy altcoins that have low market spread because those altcoins does have potential in the future. Be choosy on altcoins because not all of the altcoins can give you returns.
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.
The way I choose Altcoins to save is by selecting the coins that are at the top of the market cap. Then I looked at the history of the price chart. If the Alts coin I choose has good graphics (it goes up more often), then choose it as an investment. Usually, I Choose ETH, LTC and XRP 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.
What you have to underline is your goal of investing for a profit, this is what you should always remember. Before you dive deeper into the world of cryptocurrency, you have to understand how cryptocurrency works, because getting money in cryptocurrency is not as easy as you might think. Do in-depth research, so you can distinguish good coins and dead coins (scam).
To avoid such situations,i think the easy way is to choose some cryptos that market value on the top 10 of the crypto market. By the way, i doubt whether exists bright future altcoin，because according to the current situation ，my own shallow opinion is that it's just a gamble.
It is cheap, has a reasonable supply and has a low marketcap so prices can increase many times as the bull market runs. But to find the same altcoin is very difficult, most of the current good projects have huge marketcap and the price is difficult to rise.
Personally i always look at the coin supply before making an investment with them, there were investment i made long ago when the coins supply where in Billions and nothing was good with the coins. Secondly, the volume of coin trade in exchnage also give me some sense of direction. With these tactics i have been safe with my investment ever since i joined the digital world investment. 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.
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.
it's not simple to telling let's see first thing is technical analysis next find good projects then see what is project potential and who are team warking this project and find what is project next one is see now Market trends learn what's going on then see tokens volume and see buying and selling now you can deside witch price can buying and witch price can selling it's a best way to find then next doing
More research is the best way to invest in a project or altcoin you want to buy because there are old projects and altcoins that become dead coins and there is no news this is the reason why the price does not rise or there is not a very large community to invest in an altcoins and project you do not just need to check it thoroughly even their volume in an exchanger whether it is large or small because it also shows how strong and stable their organization is in expanding and producing more achievement in their project.
I always check coins in coinmarketcap new listing page. And then I check them one by one. And if I saw any potential project then I add to my waitlist. Check them time by time and if I think the project is worthy investment then I go for that. Now I am into a project called vite and their one more token called vx. I am into it at this moment. And I think they have great potential in upcoming days.
Nice concept to get new projects with potential, I think getting to know about new projects is not enough, but follow up on the projects and then deciding whether to invest or not reduces risk of jumping into outright scam projects. I seldom invest in very new projects, but if I must do, I invest with little funds unless it's a project with already existing product which just introduced tokens like UNI 🦄.
As for me, now I'm totally focused on defi projects, coz there I got good returns. Recommend u to do the same. Of course, I'm looking into tokenomics, owners credibility and tech stack
Agree. For now credibility is so important thing. I just read about xsigma exchange - looks simple and tokenomics is profitable. We'll see how it will be done in future It is cheap, has a reasonable supply and has a low marketcap so prices can increase many times as the bull market runs. But to find the same altcoin is very difficult, most of the current good projects have huge marketcap and the price is difficult to rise.
Your criteria are too simple, there are many coins for you to choose from in the coinmarket list ex: Chronologic (DAY), Veles (VLS), etc. Marketcap is based on the above 2 factors, so you don't care about it. If you just look at them, you will potentially lose money. As for me, now I'm totally focused on defi projects, coz there I got good returns. Recommend u to do the same. Of course, I'm looking into tokenomics, owners credibility and tech stack
Agree. For now credibility is so important thing. I just read about xsigma exchange - looks simple and tokenomics is profitable. We'll see how it will be done in future
As for me, now I'm totally focused on defi projects, coz there I got good returns. Recommend u to do the same. Of course, I'm looking into tokenomics, owners credibility and tech stack
I always check coins in coinmarketcap new listing page. And then I check them one by one. And if I saw any potential project then I add to my waitlist. Check them time by time and if I think the project is worthy investment then I go for that. Now I am into a project called vite and their one more token called vx. I am into it at this moment. And I think they have great potential in upcoming days.
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