Topic: How do you choose which altcoin will you buy? - page 9. (Read 2792 times)
For me, the most important source is the news. Then I analyze the project itself, its relevance, and so on. Next I look at the asset and development of the project in social networks. After these standard measures, I draw some conclusions. Of course, I will not disclose all the cards, but I think that this information will be useful to you.
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.
This is a very tight call to be honest, and if you have observed the thread thoroughly, you will notice that there are several different patterns accustomed to different individuals.
This should tell that, the way i buy my altcoin, is different from the manner someone else approaches it.
The key word is that, you should undergo a self discovery and take on couple of trading practices, then discover what works for you.
It will guide you and last you.
Always dyor.
The main point before you invest with Cryptoi is to choose projects that have a complete working map and real products. and has proven to be the top altcoin on the CMC market. like ETH & BNB they are projects that are worth investing in in the future, they have exchanges and products that work well in the market.
There are several factors to consider when choosing which altcoin to buy especially at a particular market situation (Bear or Bull market). One of the factors to look at is the team behind the project. Most coins on the market fall in price and never get to rise again due to the inexperienced level of the team behind it. Read wide into the credentials and reputation of the team members using their various social media handles.
Again, search for the use case of the altcoin. Use cases tells the function of the coin. This will inform the investor how the demand level of the coin. A coin with high demand is the coin likely to survive for long term.
Again, search for the use case of the altcoin. Use cases tells the function of the coin. This will inform the investor how the demand level of the coin. A coin with high demand is the coin likely to survive for long term.
To minimize the loss of investing in the form of altcoin, I prefer the top altcoin which has further price developments, the product functions well and is also widely used by other investors such as Ethereum, Binancecoin, Eos and several other top altcoins.
Many trader's also prepared to only trade those on the top list in CMC. New project might give you high rewards but also give you high risk that can be lost all your investment if you make the wrong choices of coins.Same with me i will only stay in top 5 if i just want to earn i just make a short trade not for long trade since there is also possibility of lost in long term.
To minimize the loss of investing in the form of altcoin, I prefer the top altcoin which has further price developments, the product functions well and is also widely used by other investors such as Ethereum, Binancecoin, Eos and several other top altcoins.
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.
How is a very big question and it depends on the WHO.
As a buyer, or investor. what strategies do you have ? What plans do you make ? What lessons do you have ?
Do you have a viable and existing research studies before investment ? or you buy and hope ?
This are questions that needs answers first before you can decide which altcoin to buy
I make decisions based on three factors
1. Who are the team members?
2. Does the project have an active and enthusiastic community to push price up?
3. Does the token project have a product or everything is yet being developed?
These help me during my choice I love to buy what I can sell anytime without having to worry about liquidity
1. Who are the team members?
2. Does the project have an active and enthusiastic community to push price up?
3. Does the token project have a product or everything is yet being developed?
These help me during my choice I love to buy what I can sell anytime without having to worry about liquidity
You will need to make extensive research and make choices yourself . Even if someone give a call to buy a token and things didnt go as expected , the person won't be responsible for your losses. So take full responsibility , do research , make your choice and trade tour tokens.
First of all, one of the key is it depends on if you are trading on a short/long term
For example, if you are a Bitcoin Bull and you believe it is just the matter of time that Bitcoin will hit $20,000
But, you are trading on a short term duration of perhaps 1 month but BTC current price is only $4,000
So this trade plan is not valid because it doesn't align with the time frame and possibility
Next, Fundamental Potential/Coins Future Value
Example, As the volume of DEFI is growing up, it increases the amount of transaction on Ethereum Blockchain
Thus increase the adoption and usage of ETHER
As long as DEFI grows, it should affect Ethereum price in a positive way in the long run
For example, if you are a Bitcoin Bull and you believe it is just the matter of time that Bitcoin will hit $20,000
But, you are trading on a short term duration of perhaps 1 month but BTC current price is only $4,000
So this trade plan is not valid because it doesn't align with the time frame and possibility
Next, Fundamental Potential/Coins Future Value
Example, As the volume of DEFI is growing up, it increases the amount of transaction on Ethereum Blockchain
Thus increase the adoption and usage of ETHER
As long as DEFI grows, it should affect Ethereum price in a positive way in the long run
Finding new project is risky, it could turn a scam project in a few months if you don't do research. Still better to invest top coins like in the coinmarketcap because there are good for long term investment.
Exactly, new projects on the market right now often have a low reliability, they don't come up with new ideas, they only offer upgrades in old ideas and compete with old platforms but unfortunately, the market demand for these projects is not high, just invest a little to get profit, no intention of long-term investment. The old platforms are still more attractive and stable, I also accept that we should invest in such projects, the profit may be small but the long term is very possible, top coins and coins of some exchanges, especially bnb, they are priority
How will the crisis affect your choice?
I will try to explain the question. Above, many talk about investing in popular altcoins. But if the altcoin is not popular (not included in the top 50 of CMC list), but remained stable enough during the pandemic. Is this indicator important?
I will try to explain the question. Above, many talk about investing in popular altcoins. But if the altcoin is not popular (not included in the top 50 of CMC list), but remained stable enough during the pandemic. Is this indicator important?
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.
If you search the internet for guides and tips on buying the best altcoins, you will be flooded with plenty of search results. I have read quite a lot and they would offer good ideas to follow. But in my case, when choosing the cryptocurrency to invest, I always see to it the project is managed by trusted people with a proven background in crypto. Also, I would check if they have good community support that would carry through the project long term.
Many projects are evaluated very well and attract a lot of participants, but after a period of operation, those projects have become scams and disappear from the market. So investing in altcoins is a risky investment and we need to be very careful with it
There are really a lot of projects that are not worth it for investment because most of them are not successful and scams, that is why if a newbie would like to buy altcoins, they should be investing in top 20 altcoins because it is the only coins that has a potential to have a much better value in the future. 
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.
If you search the internet for guides and tips on buying the best altcoins, you will be flooded with plenty of search results. I have read quite a lot and they would offer good ideas to follow. But in my case, when choosing the cryptocurrency to invest, I always see to it the project is managed by trusted people with a proven background in crypto. Also, I would check if they have good community support that would carry through the project long term.
It's hard for us to know the future of altcoin, so my best way is to go to coinmarketcap and invest in the top 10 altcoin. Certainly, these are the best and easiest to pump altcoins in the uptrend market, and we do not need to worry too much about long-term investment in such projects. They definitely won't be able to die or scam
Yes, all we had to see about the altcoin is their current track along the market. The upcoming improvements and plans which this can be our basis to what will the futute path of the altcoins. If they want security and legitimate go for the current trend altcoin in the market. This exactly what I'm doing right now and I also gather information of the new altcoin being launch which you could buy at small amount of money but become valuable in the future. It's hard for us to know the future of altcoin, so my best way is to go to coinmarketcap and invest in the top 10 altcoin. Certainly, these are the best and easiest to pump altcoins in the uptrend market, and we do not need to worry too much about long-term investment in such projects. They definitely won't be able to die or scam
sites like cmc are built also for that purpose , to show coin rankings and other infos to help people that dont know if what coin to choose .
you said you are going to invest in top 10 but what coins exactly ? a few of them or all of those 10 ? sorry im just curious . i want to know your opinion so that i can also compare my picking with yours and also other users can compare too .
if im convince with your explanation maybe ill try to adjust my picking and get a hand of what you get .
Many projects are evaluated very well and attract a lot of participants, but after a period of operation, those projects have become scams and disappear from the market. So investing in altcoins is a risky investment and we need to be very careful with it
When it comes to cryptocurrency investments, Before picking the altcoin I generally discover the advancement of the project and the network.
advancement is required for a project to make progress toward the future on the grounds that without improvement there will be no interest rolling in from the network.
In the event that the improvement and the network are adjusted, the project will endure regardless of what occurs with the market. advancement is imperative to clear the path for the project and the network is as significant as improvement in light of the fact that without the network, the project won't be utilized and has no worth
advancement is required for a project to make progress toward the future on the grounds that without improvement there will be no interest rolling in from the network.
In the event that the improvement and the network are adjusted, the project will endure regardless of what occurs with the market. advancement is imperative to clear the path for the project and the network is as significant as improvement in light of the fact that without the network, the project won't be utilized and has no worth
It's hard for us to know the future of altcoin, so my best way is to go to coinmarketcap and invest in the top 10 altcoin. Certainly, these are the best and easiest to pump altcoins in the uptrend market, and we do not need to worry too much about long-term investment in such projects. They definitely won't be able to die or scam
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