How do you determine potentiality of any Altcoins? - page 9.

tonyvo2017

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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 agree with you . There are many ways to see the potential of alts. Tracking price increases is just a small way. You can find out about the development team or big investors for that altcoins. Certainly when an altcoins have big investors and well-developed team. The price of altcoins will increase very fast and have high value.

IParn

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Quote from: OculusMan on April 21, 2019, 11:16:30 AM

I usually buy altcoins from the top 20 as they are the most stable and reliable because of the great interest from traders, the rest of the coins are very risky

I also stick to the strategy of buying only top coins. Because I think that they are more reliable than others. Also, the top coins change price more frequently.

Vishnu.Reang

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To tell the truth, I get most of the information regarding the alts from this forum. If something goes wrong with the project, then the users are quick to point that out. This information may be difficult to find in crypto news sites, because some of them have a habit of not publishing important news, in case that is detrimental to their interests.

bigmelons25

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I like to go after the coins that just got released before they get really hyped up. The most important thing about making a profit is get in in early then you are able to heavily reap the rewards during the first pump.

binhvo1505

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I have researched and invested many times. But for successful projects, we will see that they have a great community and they always talk well about that project on forums or on social networks.
Besides, they have good partners and have an investment fund for softcap. These are the three main factors for analyzing a project or altcoin.

harbin55

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There are lots of things that we should consider. For me the most importance is the rate of return on investment and its popularity. The more popular the alternative coin is the more demands it has which is a great factor to increase its value in the blockchain market. Even the investment is too expensive as long as the rate of return is high; you can take the risk from this.

OculusMan

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Ne Asdzx

I usually buy altcoins from the top 20 as they are the most stable and reliable because of the great interest from traders, the rest of the coins are very risky

Metall303

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Quote from: dicaprio on April 21, 2019, 10:02:41 AM

Project development. If you see that the project is really moving and there is at least some actions on the gitHub, then I think you can already consider this project further. Exactly in this case there will be at least some possibility further.

Many newbies don’t even know what GitHub is. Many people simply enter into all generosity and expect each project to bring them money. But it's just not possible. even if everyone understands and studies GitHub, it does not give any guarantees that the project will not stop showing activity after ICO

Wayan_Pedjeng

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Many different factors need to be considered while measuring the future potential of a certain token or altcoin. The first and foremost is its technology and purpose. It should not be a copycat of already established coins. The second in priority is the initial distribution. Some of the projects allocate the lions share of coins to the developers, which is not very encouraging. The third factor is the future growth potential. We should go for those coins with a well defined future plan.

voltesbit777

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One way to look for good altcoins or potentially good altcoins is to look for the price charts including the market cap and volume. If bitcoin and the market are on the fluctuating with a good positive slope on the average, potentially good altcoins should do good as well. Moreover, expecting steeper slope on the price charts.

However, year 2018 had thought us a lesson by not contenting to settle on this strategy only, but for us to dig deeper to see the real potential of the altcoins. We need to do research on the functionality of the altcoins. To know its usefulness in the blockchain community. This far more important than seeing the current charts.

senne

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Any project which doesn't care about the price of its token but rather the development and upgradation of the project is the best bet provided the idea they are working is a new concept yet has utility. I don't like the projects where the owner itself is the shiller. Active Twitter presence just to shill his coin sometimes even with fake news.

I have been trading ENJ recently. That project was able to a quite some serious partnerships along with project development. Such type of projects are a big win.

robaya

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Quote from: labuan on April 21, 2019, 10:40:26 AM

If you want to know the potentiality if the product you must know the product, you can read a lot about the product in news and whitepaper. And you must know the team of the project, so the money will follow the project nad you will gets profit.

it becomes an obligation that we must do if we want to find a potential project. especially the background of the development team structure, where they are the people who will be behind the project. they are the key to the success of the project. most project scams also fake the developer team data.

labuan

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If you want to know the potentiality if the product you must know the product, you can read a lot about the product in news and whitepaper. And you must know the team of the project, so the money will follow the project nad you will gets profit.

Awalt541

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If you want to know the bog project you must up to date for information, and you must know the developer. So if you trust in the project you have to invest your money and be patience for gets profit. Patience is the key.

Saugani

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one of the ease as such developer to build a project and growing community to help the course of a project it's important needs

I agree with you, Github is also good used as one immediately the progress of project because it was like good technical it matters.

Quote from: dicaprio on April 21, 2019, 10:02:41 AM

Project development. If you see that the project is really moving and there is at least some actions on the gitHub, then I think you can already consider this project further.

so I guess refer back to what is there likely current market on the exchange altcoins (CMC). Look like rankings of altcoin with 1 - 180 so that it will strengthen your thoughts

Rodriguez1994

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I also identify as you. But no one can predict anything, maybe the alts you see are not good but in the end they raise the price very high. Before I invest in any platform, I look very carefully from the transaction to their platform.

dicaprio

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Project development. If you see that the project is really moving and there is at least some actions on the gitHub, then I think you can already consider this project further. Exactly in this case there will be at least some possibility further.

angel55

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I tend to go with anything that has a big community and strong marketing. You can have the best technology in the world but without proper advertising you won't find enough customers. Also I like to go after the low marketcap coins because they rise much faster in bull runs than coins like btc.

Psynthax

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Quote from: libert19 on April 20, 2019, 10:11:22 PM

Community — without community coin/token has nothing backing up and thus it can't increase in value.

It caused by the community can give various advantages to the platforms and it's not only the one. But it was giving a huge impact to the advertisement, liquidity and many more. The community will only try to trust the trusted project.

Anonylz

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Quote from: Altcoinrusher on April 21, 2019, 02:34:04 AM

There are many factors to consider in determining the potentiality of any altcoin and most of them had been mentioned already but I like to emphasize more on the people factor, i mean the developers or team with their dedication, experience and capability and the community or supporters with their commitment and unwavering support behind the project. If these two factors have some issue(s), then I think it will affect the future prospect of the coin becoming a hit in the future.

couldn't agree more, i think more emphasis should be lay on the developers or team of developers, because without a reputable and experience team with a reasonable track record of their fields running a project, it will be hard to determine if such project is potentially worthy or not, the team makes the project, price should not be a factor to measure potential but the team behind the project and the entire idea of the project should be.

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