Topic: How to choose good coin!? - page 7. (Read 10166 times)

1. have a strong community
2. the developer is always active in the community
3. always update the latest news from the coin

I guess that's my advice if you want to pick a good coin

Don't judge on the basis of volume because sometimes most of the whales are used to pump the coins, so check their development about the company and how the community is reacting to the coin. It is not the one-day judgement we have to confirm whether to invest in it or not.

Before choosing coin focus on its volume,Investors,Fluctuation gap of price and past history.Reviews of investors who practically work in it and their experience matters.If found all stable then you can say its a good coin.

I believe the above post has finished saying what I want to say
But I still have to say Many projects may also come to the trading platform is the roadmap end
Choose those who have technical support And the developer is everyone know Of course the risks are everywhere
But you can see coinmarketcap Top10 , Excellent projects are always excellent projects

Based on the number of users of that coin and it's availability and how accessable it is . While I was finding stuffs about cyrpto currency I came across a video which said that dogecoin is the more underrated cyrpto currency and some region uses it Mainly. So dogecoin can have a good future . Well I don't know about it properly but you can definitely try to research about it

I do not know exactly how to choose a good coin. I just do with normal theoary. that is choosing coins which have a good team and potential product or service for the economy. I believe that i can get profit when investing in them

not a good coin at all, which you mainly check is how the coin project runs its system and builds it into a useful development mechanism. some people think that through the supply circulation and max supply coin without knowing the development of the coin is good or not

Here’s 13 questions you should ask yourself before investing in a specific cryptocurrency:
1. Is there a real world problem that the company is trying to solve?
2. Will their proposed solution drastically improve the way things are currently done?
3. If the company was to solve this problem, would the solution be newsworthy, profitable and useful to society?
4. How will they monetize this currency? Is there enough of a need for the coin or token to fuel increasing demand?
5. Does the company’s roadmap outline a sound strategy towards achieving their goal?
6. Are the milestones listed on their roadmap realistic, and will they be newsworthy?
7. Is the company currently on track with their roadmap, and do they have a good track record of meeting their milestones?
8. Based on their past experience, do the team demonstrate the ability to achieve their roadmap?
9. Is this company the one most likely, amongst its competitors, to succeed at creating a blockchain solution for the problem they’ve identified?
10. Does the company have any pre-existing businesses, apps or products that you can review and, if so, are they any good?
11. Is the currency undervalued? Is the market cap low? Is there room to grow?
12. Are you satisfied that there are no foreseeable changes to society or technology that will alter the need for the company’s proposed solution?
13. Do you believe this project will still exist in 5 years time?

There are two coins of good coin future itself.the digital currencies are provided to market place in money the good coin used to peoples are happy to the future.the good invested and profit of coins should be btc and altcoin business for suitable in the system.the process of good work in the coin business of save the future to good decision of life.

And also always check the volume of that coins if it has a high or low volume, high volume could give you a profitable income, second check the 24hours price if it is moving or not cause there are some alt coins that doesn't move their price at all. These are some guidelines in choosing alt coins to trade in.

I am choosing a good coin when I am trading cryptocurrencies by looking the 24hr volume. If the volume is high, it means that the coin is good for trading. But not all of the coins that have high volume is profitable, there are some altcoins that are only bubbled.

The basis for me to determine if it is good or not is its volume. Because if it has a low volume then there's only few people who patronize it and the sell & buy orders is tenuous. Next is its voltality because the less voltality the less profit you'll get. Yet, the background of that coin when it was an ICO before.

It depends on your skills and experience. If you've been through investing, you look at the wave chart you'll find out. And in particular you have to know that the field of the coin sector works in the future. You should consider many aspects to make the right decision.

It is really hard to choose a good coin, there are now many shitcoins all over the cryptocurrency market. If we want to not lose our money, then we should really choose a good coin. One of the techniques that we should always do is to check the background of the coin, we should know if their team and their advisor is good.

You can check
www.crypto-angel.com

Simply these are checkups you have to do when picking a good coin.

1. Read the white paper first.Its very important.

2. If its coin check the market circulation and current supply.

3. Check the leading people of the coin/token.(CEO,Developer,Chief Technical Officer)

4.Chart analyze is very important.

5.Don't get cheated with attractive web designs of the coin website.

I suppose you meant "how to find a good coin?"
The best source is usually their white paper , if you have time enough to read it fully detailed you will find out a lot , and you don't need to trust on anybody else's theory!

You should start by asking yourself how much you believe or not in the cryptocurrencies' future. If you are going to buy you should be ready to hold your assets for a significant amount of time...

Then you should devote some time to study, creating a list of things to check before you invest in a project.

These are my criteria:

- 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 scams, 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 art crypto developments.

- What is the current marketcap?

A coin already above 100mil might not be the best bet if you can find a good one below 100 mil with a good growth perspective.

- What is the current/total coin supply?

Scarcity might prove to be an added value in the long run if you are planning to hold a coin and leave it for your kids!

I believe that in order to be able to choose a good coin, you need to pay attention to the following factors. Who are you releasing, what are the applications for real life, Human Development how does the community have a lot of people, who is the project development team, who are the DEV team, whether they are large or not, are really good and experienced, future plans How is that ... That's all you need to care about.

that's actually a Million Dollar Question...