How do you determine potentiality of any Altcoins? - page 4.

tins

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Quote from: RasenShuriken on April 20, 2019, 05:10:22 AM

I usually determine coin for its uses. The more people using it for their use, the more potentiality of the coins. Imagine, most of the coins nowadays is just a trade coin, no one would use it except trading and investing on it.

I then explore its expansion in the future, for example, EOS is a new blockchain, when they start, they do not have products or platforms to use. When it comes to understanding a lot of other information such as the team as well as investors, why do they put money into such a project to assess whether it is potential or not?

Dpat

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To know the potentiality of any altcoins you should first look at the daily trading value of the coin in terms of BTC or in dollar value. If the trading value of the coin is minimum 5 BTC per day then invest in this coin at low price basically in the bear market. And you must see in the future the true value of that altcoins.

guoyu78

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Quote from: leea-1334 on June 03, 2019, 03:50:51 AM

Quote from: escalante28 on June 02, 2019, 08:23:03 PM

For me is that how it can be use in a real world because if the main reason of that altcoin is to increase its value in the exchanges but have no real use well it's nothing. It is full of hype and no reasons at all to continue supporting it. The future of it matters, not just how you make money by doing pump and dump because in the other hand there are investors lose their money because of our selfishness.

Does not matter if it can be used in the real world or not if the owners of the tokens/alts themselves have no intention of ever using it. Remember, Bitcoin did not have real world use for years, until people started sending each other btc and buying things and paying for things and accepting it as payment for things.

I think you are very right about this, most good exchanges list only coins that has good product so they don’t tarnish their name, I have always known this and this is why I have limited my participation in some coins to the ones that I get on exchanges like Binance, but it still doesn’t stop there, I make sure I still do further research to be sure of their future existence, because it is not every project that you see are good now will be able to sustain its function for a long time, some of them will still die within 2 to 3 years because of lack of maintenance.

The only thing that makes me determine the potentiality of a coin is when I am sure that the team has very strong business experience for years and has been able to sustain them for years till date.

wxxyrqa

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It seems to me that first of all you need to study the history of the ups and downs of a single project. If the price of a coin has reached a very impressive maximum, then it will definitely show such results again. But if today such a coin shows low results in price, then there is no need to make hasty conclusions, since the entire cryptocurrency market is in poor condition.

labenea

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The Standard Protocol - Solving Inflation

for sure, I determined it at the beginning before investing in it, coins that have great potential are usually coins that have many users and that is indeed proven. so before investing with them, make sure that they have price developments and also many who use them.

elitemobb

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First of all, the project’s success is told by its team and their product. The demand for a project token also depends on these two factors. When I choose a token in which to invest, I carry out a detailed analysis of the project, weighing all the factors that can influence its development and only after that make a decision.

Mypanara19

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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.

I like your post and you are very right that before we join any crypto project we must determine the potentiality of that coin ans/or token and it is true as well that one factor that could determine a good and stable coins is its uses that it will play in the market and for the people in crypto world, it is also very important to see and feel the efforts of the team to make it more big in the arena.

smyslov

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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.

Agreed, there are coins that were created for just a pump and dump and these kinds of coins just died a natural death because there 's no usage behind it, there are also platform based coin, but most of these coins are also failing because they cannot keep with the competition, projects like Ironx, Becent Xera and many other coins are exchanged based coins but they became all total failures.

andika2018

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Quote from: attech21 on June 04, 2019, 11:28:47 AM

In determining the potentiality of an altcoins we must know ofcourse on how it is being runned or managed by team. So in this case, we are about to get inform about the said alts. Because nowadays as the cryptomarket grows scam alt are also fast growing. So to determine a potential alts join only in an alts which you can get benefited by it like the Dencoin tokens.

When project first run, the team behind the project looks solid but with sometimes the team separate in middle of project. Its hard to determine potential altcoin but i always prefer choosing altcoin from big exchangers because big exchangers wont put risk on their reputation by listing scam or pump and dump altcoin

sakuragi21

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There's a lot of things to be consider in looking the potentiality of an altcoins. Ofcourse if it seems to benefit you in about joining then no doubt you can be part of the project. But, trust only the best alts like Dencoin which has a good platforms offers to the cryptomarket. Because other alts may look so fine but behind it, behind their team it was just a fraud tricking people to steal theis investment.

attech21

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In determining the potentiality of an altcoins we must know ofcourse on how it is being runned or managed by team. So in this case, we are about to get inform about the said alts. Because nowadays as the cryptomarket grows scam alt are also fast growing. So to determine a potential alts join only in an alts which you can get benefited by it like the Dencoin tokens.

prtty2gal2

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Quote from: Anc92 on June 01, 2019, 06:03:52 AM

Most people judge by pump and dump variations and I honestly do not blame them... if you were in for the quick buck, it'll be the same. When however, you are more concerned about future prospects and profits that can be achieved by playing the long game, it's always better to go with your assessment - search for projects with viable use cases that have the potential to be adopted by the masses just like this.

That will be insane for someone to use pump and dump variation to judge the potentially of a coin when everyone and even newbies knows what usually becomes of this type of projects at the end. Most projects that are usually subject to his are manipulated by whales and most times classified as shitcoin.

The major thing that should guarantee potentiality of a coin is if the teams are real, hardworking and if they have a real life working project, then it will be certain that they have the potential to deliver and always remaining In the market without die off. These are the things that tell me how potential a coin will be.

barbara44

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Quote from: ?? on ??

In determining the potentiality of an altcoins we must know ofcourse on how it is being runned or managed by team. So in this case, we are about to get inform about tje said alts. Because nowadays as the cryptomarket grows scam alt are also fast growing. So to determine a potential alts join only in an alts which you can get benefited by it like the Pimoncoin.

What really makes cryptocurrency different from every other currency is not only for its digital payment alone but because of its anonymity nature, so any project that is really working with the blockchain technology should have an anonymous coin which was part of why Bitcoin was even created in the first instance.

But for me, when I talk of anonymity, the one I am not comfortable with is that of the team members, I don’t see reason why the team members should be anonymous when raising funds, and any project that is not transparent enough with their team identity, I do not participate in them no matter the picture they put on their whitepaper.

GregH37

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Quote from: Jpti on May 28, 2019, 09:47:56 PM

I do not think price of a coin entirely determines its value and significance. There are many coins with good technology and goals, but their value is low. It seems the crypto market is influenced by advertisement. If you extensively advertise anything, bad or good, it will surely catch the attention of the people and become popular.

Most of the projects you see flaunting top on coinmarketcap is not because they can really boast of the quality of their project, they were only able to attract clients through they hype they created, and which is why most holders are holding this coin because of the belief that it will make them a big fortune in future with the continuous hyping of it.

Real projects are not being judged by the value for me, but of the usefulness of the product, if its little clients they can get to keep their projects running, and then fine, provided they have a working product, with time, they will keep increasing in volume. The best projects are not projects that gain fast volume immediately and die off later, but projects that have quality product and even if they get to the top slowly.

Mr.Noda

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I search the social networks for the members of the team of the selected project and write to them in their messages. Do they really take part in a startup?

leea-1334

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Temporary forum vacation

Quote from: escalante28 on June 02, 2019, 08:23:03 PM

For me is that how it can be use in a real world because if the main reason of that altcoin is to increase its value in the exchanges but have no real use well it's nothing. It is full of hype and no reasons at all to continue supporting it. The future of it matters, not just how you make money by doing pump and dump because in the other hand there are investors lose their money because of our selfishness.

Does not matter if it can be used in the real world or not if the owners of the tokens/alts themselves have no intention of ever using it. Remember, Bitcoin did not have real world use for years, until people started sending each other btc and buying things and paying for things and accepting it as payment for things.

joshua123

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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.

Same, I usually find a good use case for a project to invest with before buying their coin. Yes it is, hard to find but it is much harder to find out you invest with a coin that has no potential and only produced by hype.

cahbagus555

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Quote from: covfefe_ on June 02, 2019, 04:02:22 PM

There are different things to look for buying an altcoin.
Firstly I look towards the future of project. Who are they backed by. How likely is the project to succeed. How active are the teams and developers in social media and how active is the community. A working blockchain and listed on exchange, whatever small is also compulsory.

If listed in big exchangers with good reputation, i am believe the project have potential to grow. Most big exchangers with good reputation only list good project with good developers team. Big exchangers must be wont risk their reputation just because listing fee

escalante28

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For me is that how it can be use in a real world because if the main reason of that altcoin is to increase its value in the exchanges but have no real use well it's nothing. It is full of hype and no reasons at all to continue supporting it. The future of it matters, not just how you make money by doing pump and dump because in the other hand there are investors lose their money because of our selfishness.

lyks15

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I agree uses are more good and important because price will be fall soon but when uses were expand and stretch this is the time that the price will grow or stability will apply. And I know time comes that it will be uses in more merchant and company will going to accept altcoin as a payment.

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