How do you determine potentiality of any Altcoins? - page 2.

aioc

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Quote from: The Cryptovator on April 20, 2019, 03:05:49 AM

We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?

I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.

So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.

What's your thoughts about it? Let's share knowledge and correct me if I am wrong.

That's true the potential of any coin is it's uses if it is a pump and dump coin it will eventually die, the value of the coin or token should be backed by the products and services associated with it, without it it will not generate support, we have so many duplicate coins in the market and this causes some coins to lose it's value.

Eildosa

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A promising coin is a coin that has a strong, purposeful team. Who's working on her product. That's the only coin you can trust.

velive08

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I determine the potential of an altcoin based on volume, exchange and also the price if all three of these are fulfilled I think we can make a choice and we can be sure if it's a potential coin.

Flezy

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No I don't think price has anything to do with the potentiality of any project. A coin can be high in price today and dump tomorrow and might never recover and vice versa.
In my own view, the potentiality of any project lies within the team. What the team is working on and it is evident (working product) within the community will keep making the said project a potential one worthy of investing.
Another thing I consider is how active the team is in updating the community members.

giletto

sr. member

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Tokenomics, Team Quality, Use case or minimum value product, and road map is well enough to be used as factors to decide potentiality. Any project that ticks all these boxes will definitely be a toast in the market

rich93

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Chromia - Relational Blockchain

First of all, I look at the team and the idea of the project, if the team has been working on the project for a long time, it is a big plus and the project can be considered promising

farlack

legendary

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I just look at chart and find some patterns and accumulation stage, that's how it works for me. According to this thing I usually combine both technical and event analysis

Andrey13101991

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Quote from: ?? on ??

Of course, you need to study the creators of the project and their roadmap. In general, the situation with new projects is not very good.

The situation with new projects that lists on Binance Launchpad is very good, so you don’t need to talk about all projects.

Rasa nanas

full member

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it is very difficult to find altcoins that have good potential in the future. I judge altcoin from two things, namely team and community. these two things will determine the future of the altcoin.

cryp24x

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You can only determine the potential of a certain coin when you know the background why it is created. We can also research about its different uses and the project behind it. The team who handles its management and promotions. The value of a certain coin will be very obvious on how much acceptance and attention it gets from the investors and to the users.

coin-investor

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Leading Crypto Sports Betting & Casino Platform

I believe it's uniqueness, so many coins are just a copy of other coins or just an upgrade of an existing coin couple with a legit people working on the project, I'm pretty sure this coin has potential in the market, investors will invest here, bounty hunters will promote it.

franciscoDC

member

Activity: 357

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By they year of runnings and also the promises of them,i could easily know the potential of one altcoins by their doing simplify by their teams ,their plans and also by their goal this things is what i am want to see when im going to see and determine the potential of one coin.

dat.ho12492

jr. member

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Quote from: Golstrim on June 27, 2019, 10:18:16 AM

I would say that there are number of reasons for me to determine potential of each altcoin. You know,it is extremely important to find out fundamental reasons for potential growth of each alt. I also determine events which can affect any altcoin and you know, sometimes I got profit of this approach

Agreed, many factors to determine the potential of an altcoin but you think the accuracy from our analysis is high or not. Personally, I just feel that these elements are just a relative view, a small angle when we look at altcoin, it is not entirely possible to determine the potential of an altcoin, and I often do not have these analyzes, I like to rely on real-life situations to solve problems. I don't care about the level of potential, I only care about the attention of the community to it, where the community is concentrated, which will be a good place for us to make money

Golstrim

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Margin Trader

I would say that there are number of reasons for me to determine potential of each altcoin. You know,it is extremely important to find out fundamental reasons for potential growth of each alt. I also determine events which can affect any altcoin and you know, sometimes I got profit of this approach

robelneo

legendary

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The names of people behind the project and their works behind those names, another factor is the potential in the market, they should first do a feasibility study on what kind of project that the community needs and how will it impact the community in general, something Ethereum and Eos have done to the community.

mammoniter

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Activity: 574

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Quote from: The Cryptovator on April 20, 2019, 03:05:49 AM

We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?

I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.

So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.

What's your thoughts about it? Let's share knowledge and correct me if I am wrong.

Its true that there are many altcoins out there and most of them are actually worthless. I think the real potential of a certain coin depends on its purpose or uses. Also its potential depends on the community that supports it. A coin should have a clear function, a working product, and a user friendly platform. You can also monitor their performance in the market.

cak imin

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Activity: 250

Merit: 10

Quote from: ?? on ??

well, I sometimes see the potential coins of people's interest in the project. sometimes a good project will be an important point. besides, I think the coin always has a new product, I think it depends on the team. many things we need to do before seeing the coin has potential or not.

even when all projects have all that is not a guarantee to make its value grow in the future.
market response is the most important, where many projects reach hardcap and have the support of large investors and large communities, but are unable to make their markets grow, it will not be useful.

kotyrqq

newbie

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Without deep research, you can't estimate the potential of a certain coin soberly.
And I always monitor different news websites like CoinDesk or CoinTelegraph, and CoinMarketCap to see the situation on the market with my own eyes.

Also, I like to read various price predictions from experts or just random forumers. Can't say that I truly believe in what people are saying on the market, but it's interesting for me to learn about their considerations on certain topics or coins, and then I compare that with what I observe in real life.
And yes, before investing in some coin you should identify if it's profitable or not. But also keep in mind your security — there are lots of scams. So, double check any information you see on the Web.

sandra_x

member

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A number of factors come into play,such as the uniqueness of project,community support,use case,strength of the team, expertise,funds,partnership ,coin emmisions rate and listings are all important factors

jcarlo

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Quote from: ChaoChibai on June 20, 2019, 07:55:56 PM

For me the way to determine the potentiality of altcoins is a little bit tricky. Nowadays so many altcoins in the market and many of it doesn't growing and developing. So i prefer to invest in the top ten coins in cmc though.

Investing altcoin in top 10 coinmarketcap is good choice. Beside that option, i think altcoin with good trading volume is good to invest because have big liquidity and traded in reputable exchangers

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