How to determine good altcoin?/for beginners

makishart

legendary

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Quote from: Siberian.science on September 17, 2017, 12:43:54 PM

Hello everyone.I am beginner in crypto currency theme and I am sure that there are lots of us, who want to be involved and understand crypto currency.

So, here is a question. What's properties and parameters of altcoins is important? Which of them I need to take into account, when I try to find best coin for investments?

The best project will be using their own code and not just try to copypaste from another previous project, Because their are creating their new oen idea which that means i can be considered as the new innovation or solution. second is the feedback from the community about the project.

Damage_Dealer

full member

Activity: 331

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1. The project and its fundamentals
2. Market cap (the lower the better), low number of coins in circulation
3. The community and the developer's involvement

HashFace

full member

Activity: 406

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Quote from: ummet-i-muhammed on September 17, 2017, 01:21:50 PM

Quote from: HashFace on September 17, 2017, 12:51:20 PM

Crowd source it. Go to coinmarketcap.com and investigate the top 25 or so. Those are coins, for the most part, that have already been vetted by the community and deemed worth investing in. Sticking the with top coins is a good way to diversify and get your feet wet without having to worry about getting stuck in a scam coin. After you are comfortable with that, you can try your luck with newer coins or ICOs, if you want.

Terrible advice. In fack you are saying that you are noob and advising him to stay as a noob and invest what you have invested . Lol

Wow.... that's harsh. I tend to follow the Warren Buffet model of investing, that buying and holding good large cap assets will blow away the returns of guys that jump on the newest and shiniest thing that pops up every day while blowing a good percentage of their returns on fees. Now, I know this model hasn't been tried and proven in the cyrpto world, but what has been tried and proven in the cyrpto world?

Anyway, If you think advising someone that the core of their portfolio should be made up of good, large cap, proven, fairly stable, and worthwhile projects is "noob advice", then we'll have to agree to disagree. In the mean time, you should read up on Warren Buffet's $1,000,000 bet with the hedge fund trader. Warren picked one investment, a boring large cap Vangaurd index fund, and blew the hedge fund trader away to the tune of 400% over 10 years ....

http://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp

asdalani

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Quote from: lakimens on September 17, 2017, 12:44:56 PM

Well, look at whitepaper, website, price, max supply, circualtion, POS/POW, blockchain and the most important, PROJECT.

That’s what people that are interested in the coin and is planning on trading the coin for a long time. The people that are waiting for a really fast trade would be the ones that’s are looking only at the price, the age of the coin and how many buyers are waiting to purchase the coin. If there’s enough volume to move around within a single month time frame then that coin would be an easy money maker if you really wanted to get money fast.

It’s better to purchase a coin while holding it for a little while because researching is fun.

ummet-i-muhammed

member

Activity: 84

Merit: 10

Stay away from top 25. They are already priced. No rush. Take your time. Start learning 10 coins each day. Take notes. Dig it deep. Read reddits. Check the github code. Slack etc. As much as you can. At the meanwhile check icos and new coins daily. After one month you will have a grasp of it. And your favorite coins shortlisted. Strat buying from good entry points.

ummet-i-muhammed

member

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Merit: 10

Quote from: HashFace on September 17, 2017, 12:51:20 PM

Crowd source it. Go to coinmarketcap.com and investigate the top 25 or so. Those are coins, for the most part, that have already been vetted by the community and deemed worth investing in. Sticking the with top coins is a good way to diversify and get your feet wet without having to worry about getting stuck in a scam coin. After you are comfortable with that, you can try your luck with newer coins or ICOs, if you want.

Terrible advice. In fack you are saying that you are noob and advising him to stay as a noob and invest what you have invested . Lol

HashFace

full member

Activity: 406

Merit: 114

Crowd source it. Go to coinmarketcap.com and investigate the top 25 or so. Those are coins, for the most part, that have already been vetted by the community and deemed worth investing in. Sticking the with top coins is a good way to diversify and get your feet wet without having to worry about getting stuck in a scam coin. After you are comfortable with that, you can try your luck with newer coins or ICOs, if you want.

lakimens

full member

Activity: 392

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PVxYGaa1UZM6oDqW3ZKe4Esi18DgwBpDkr

Well, look at whitepaper, website, price, max supply, circualtion, POS/POW, blockchain and the most important, PROJECT.

Siberian.science

newbie

Activity: 3

Merit: 0

Hello everyone.I am beginner in crypto currency theme and I am sure that there are lots of us, who want to be involved and understand crypto currency.

So, here is a question. What's properties and parameters of altcoins is important? Which of them I need to take into account, when I try to find best coin for investments?

Topic: How to determine good altcoin?/for beginners (Read 343 times)