Topic: How to choose good coin!? - page 16. (Read 10166 times)

Supply is not everything but I try to select my coins from the low supply ones, or high supply-low price ones. They are tend to go up better compared to expensive coins above $1 region.

The good coin is that which is easily acceptable everywhere and has normal elasticity of demand and supply if a coin has limited supply that is good. For a good coin it is also keep in mind that if a coin is legalized in a country that will be easily used for transactions. If we look at the bitcoin it is highly famous now and used easily for many transactions now it is also used for online purchases of games etc.

Look at their development, circulating supply then there roadmap.. if you feel that they will earn their respect from investors then go with it. i suggest communicate with developers and ceo on telegram and ask them the project!

For me, you have always been a problem, I chose or intuitively or went on the occasion of other users who advertised and talked about a particular project. Only in this way I chose a more or less worthwhile project, but I want to say that today you can pay attention not only to the sphere of gambling activity, but also to other projects that in any case will have a perspective. The fact is that the company ico is expanding and increasing in volumes.

The most important thing is the community. If there is no community then ico can not succeed

I think you really have to study the project before joining,  first you have to check the team,  the market cap,  the white paper,  their communication channel and the product or services they are offering also the ratings and reviews from the ico experts. 

Good coins usually have clear information and excellent road maps, from teams, websites, and all the information we need about the coins can be obtained easily.

Investing in cryptocurrency can be fruitful if we select the right cryptocurrency to invest. That's why we have to be careful while investing our money in cryptocurrency. We can earn a good amount of money by trading cryptocurrency. On the other hand, there will be huge chance of big loss if we are new.I think that, Currency Market : https://coinmarketcap.com is best way for choose good coin.

Try find coins that has own blockchain. See their roadmap and whitepaper. If you find token also, then try some utility tokens, not a payment token. Because payment token is useless, too much fee. Better pay it with eth rather than payment tokens.

First you have to invest some money that is not predestined for daily expenses. Trading, regardless of the information, has a certain risk. If you have this money, then you can invest in a specific currency based on currency history indicators. This is a thing that can be solved with experience. At first it will be harder. You do not have to worry about the money you invest.

I think your opinion is too negative. There are many good coins out of the top 5 in the market cap that can bring a lot of profit if you invest in them. Example i bought GVT coin when it was ICO with $1 of price and now the price of GVT is $29. I think that no coins in top 5 can bring me much profit like GVT. Having many good coins but important you have to analyze all before you want to investing in.

Good coin or altcoin is very unpredictable. I can say here in crypto currebcy world just have to guess in many coins to trade or invest with. But there are certain things you need to consider. Just check its backgrouind about that coin and how many wants to invest with it.

simply words are just like that , when you choose it for long term investment then you should look for how big the community and who's the most influence supporter/developer there to make sure it will live longer than what you expected .

but if you look for short term one , just take the opportunity on the pump moments , where the market volume higher than usual.

Market Cap
Team of the coin
Volume
White Paper
Road Map

What is a good coin? Good for what? Day trading? Long term holding?

Apart from that, these are my criteria for the initial evaluation:

- Premined or not?

Premined coins are too suspicious. The devs take an initial big slice for themselves always justifying that with some philosophical rhetoric but there are many past examples of total scam coins using this scheme. 

- ICO or no ICO?

I don't like ICOs, I prefer to invest in an already ongoing project with given proof of stability and endurance. I'm not saying all ICOs are scam, but same of them are for sure!

- How old is the coin?

In my book, if a coin is still being actively traded after 3/4 years of existence, this has to mean something; there is a faithful community behind it.

- Is it still being actively developed?

Following the previous point, if after 3/4 years the coin still has a dev team committed to it with real plans for the future, then it has a real project!

- Does it have any real use besides pure pump and dump speculation?

Is the coin being used for any kind of purchases? If not, are there any plans for it? Otherwise, it will only be a play toy for trading.

- Does it have an active and large community?

How large is the community? Is it still active or everybody left a long time ago?

- Is it PoW of PoS?

Proof of Work is a dead end, the power consumption is obscene. Not viable for the average domestic crypto enthusiast. Proof of Stake can be done with a Rasberry Pi 

- Fully functioning wallet?

Some coins have terrible wallets, unstable, not user friendly. This is a key factor, the software has to be in line with the state of the at crypto developments.

the first , choose coin with hight volume transaction
second , for what coin used ( payment , Investment , etc )
third , how many exchanger coin can be trade avaliable.
maybe just is for now Iam know.

Hey! Hard to predict any price, future of projects and choose one really good coin! You must try find your own strategy. For example for my the main things is - team - perspective of project -  road map - escrow - some interesting characteristics - idea - how much and when I can get my profit back!

You ought to make sure to purchase the coin where many individuals purchase the coin there on the grounds that different coins don't have their own particular organization so in some cases they are conning and the cost isn't rising so you ought to be genuine and afterward you discover that coin is out and I purchase bunches of cash here to ensure you're utilizing the cash you utilize.

Of course it is hard, people have the mistaken idea they think they are going to just invest money in an ico and become millionaires overnight but that is not the way most things happen, so if you really want to make money with icos you have no other option but to begin reading those whitepapers and review sites on the internet, once you do your chances of choosing the right ico will go up.

Find a coin with a good volume even it's dumping it means that that coin gets alot of attention and when it dump it actually can go skyrocket but of course not all the time it will not be sure.