Topic: How to find and hold in Atlcoin effectively? (Read 587 times)
The most of the members here will say that first you need to research how important the project is to the investors and whether it is actually a scam project. In fact before the bull market came, there were many projects that were dead in the past, some now suddenly raised hype just to attract investors. Days that show the project was complete plan to come to market with the intention of earning from its investors. There are some new companies who slowly drop their prices after entering the market and at some point they become scams. Actually crypto can't confirm you so you have to be sure from your own experience.
I think the most of the members here will say that first you need to research how important the project is to the investors and whether it is actually a scam project. In fact before the bull market came, there were many projects that were dead in the past, some now suddenly raised hype just to attract investors. Days that show the project was complete plan to come to market with the intention of earning from its investors. There are some new companies who slowly drop their prices after entering the market and at some point they become scams. Actually crypto can't confirm you so you have to be sure from your own experience.
Staking is also a good way to make money, especially if the platform actually brings in that kind of money
Certainly, staking can be profitable opportunity, particularly when the platform is generating significant revenue from transactions fees. I have found that Dymension (DYM) is one of those staking platforms paying attractive staking rewards, along with potential for additional of airdrop rewards from periodically.
More on social media like Twitter, there are many new projects or coins that have great potential and do your own research to be more sure. It's just how we process search words and follow Twitter accounts that often carry the belief of providing good information. Twitter, Telegram are very adequate in the current season when altcoins are good
Just trust your instinct and have a lot of patience. If you really want to do it effectively, research some potential coins that you really want. By the time you bought a certain coin do not bother about the market, just ignore the downs it really happens and just set the amount you want when you think you earn a good profit.
If you invest in any coin after a extensive experimentation and have choosed a top coin then don't worry about the price Fluctuations because top coins does not goes down forever and they never loss their complete value. In case of altcoins which are newly emerged you should be worried about dip as they are strenuous to trust.
You can earn during Fluctuations only when you have forbearance but if you become afraid of lossing when the market get dumps then i don't think that you will continue your investment till the winning of your target. Solana is more preferable coin these days and if someone don't have invest in it then he is not serious about taking profit because only this coin show more worthiness among altcoins.
I mean, don't underestimate research, even if in the end when misfortune comes and ends up in a scam project, at least we have done research first and not become blind investors. If you just do research you still get stuck in a bad project, what else if you don't do research? did you get the point?
Your point is valid that it is always prudent to conduct through research and exercise due diligence before deciding to put your hard earned money in any venture. Returning to the subject of the opening post (OP) there are some coins based on current market dynamics , such as AVAX, DOT and Solana posses the potential to not only reach their previous all time high (ATH) but also surpass it, due to their recognition in the market as low cost chains with progressive features. These coins are worth holding for long term to yield substantial gains.Research is the most important thing in choosing an investment, meaning you must first understand in depth what you want to invest in. When it goes to scam or loss, you will only blame yourself and it will be a lesson for the future.
Regarding Avalance (AVAX), Polkadot (DOT) and Solana (SOL) I have no doubts about those assets, because they're one of the lowest cost networks ATM and have a good ecosystem, so I think they will be assets- assets to be taken into account in the next few years, especially Solana (SOL).
Thank you for the information shared for holding alt-coins and making a research before investing in any of the alt-coins. But among all, what is important is the entry point price after have considered other things about the coin and the team, and the entry point price determine the profit return investment, and that is my own strategy of investment in most of alt-coins.
Just trust your instinct and have a lot of patience. If you really want to do it effectively, research some potential coins that you really want. By the time you bought a certain coin do not bother about the market, just ignore the downs it really happens and just set the amount you want when you think you earn a good profit.
In choosing potential altcoins in these instances, there are quite a lot of ways, to be honest. I will look at the ones on Coingecko and coinmarketcap, which are the top altcoins, meme coins, and layer 2 cryptos. Then I will also look at social apps like YouTube.
On YouTube, if there is someone who mentions other influencers, I do research on the coin that they will say if it really has potential, maybe because later on, the viewers just hype it up, which is often always like that. Now there are others who say the same somehow for real. So it's still important to do your own research; don't immediately believe them.
On YouTube, if there is someone who mentions other influencers, I do research on the coin that they will say if it really has potential, maybe because later on, the viewers just hype it up, which is often always like that. Now there are others who say the same somehow for real. So it's still important to do your own research; don't immediately believe them.
Ignoring temporary losses to hold until achieving results is a difficult job, not everyone can do it when holding Altcoins, because often during this period there will be a lot of Fuds to depress the price. Therefore, choosing a reasonable holding time will eliminate these negative psychological effects, making it easier for you to hold.
It's very painful when you look back at the profit that you would had made if you continued holding the altcoin that you bought before you sold after you ran out of patience of holding the altcoin. Holding an altcoins can be very challenging as you'll have to keep holding without knowing if the altcoin will recover when the bull market comes as some altcoins doesn't recover but dies with the bear market. Some altcoin don't get the kind of hype they use to have before therefore profits become difficult.
I decided not to buy altcoins too early until we have entered the altcoin season that is when I will begin to buy altcoins knowing that time, many altcoins will be giving their investors profit and if I'm lucky to invest into some of the good altcoins I can make profits and sell to take the profit before the market starts to dump again. To find an altcoin we can look at the trending narrative and invest into their projects.
I've been looking for promising platforms in this way. Basically I found fairspin where I could win their token TFS then staking it under high apy on this platform and thus earn more money.
Staking is also a good way to make money, especially if the platform actually brings in that kind of money
I've been looking for promising platforms in this way. Basically I found fairspin where I could win their token TFS then staking it under high apy on this platform and thus earn more money.
in my opinion, it is a tough task to find a new altcoin to invest in. I consider it high risk to invest in new altcoin (s). However, there are things I will look out for in a potential new altcoin: Team members reputation and experience in similar projects, success and status; Purpose/aim of establishing the token/coin; Token utility; Future relevance in the crypto space; Technology behind the token; Listed exchanges or anticipated listing dates; Partnerships, etc. I will look out for the above mentioned attributes if I have to invest/hold a new altcoin. I will advice that for long term, only hold Bitcoin, Ethereum or older altcoins. Avoid holding new altcoins (meme coins included) for long term and only hold what you can afford to loose.
I mean, don't underestimate research, even if in the end when misfortune comes and ends up in a scam project, at least we have done research first and not become blind investors. If you just do research you still get stuck in a bad project, what else if you don't do research? did you get the point?
Your point is valid that it is always prudent to conduct through research and exercise due diligence before deciding to put your hard earned money in any venture. Returning to the subject of the opening post (OP) there are some coins based on current market dynamics , such as AVAX, DOT and Solana posses the potential to not only reach their previous all time high (ATH) but also surpass it, due to their recognition in the market as low cost chains with progressive features. These coins are worth holding for long term to yield substantial gains.
I bet you that you would do all this research and end up with a pump and dump project that you would lose all your funds or even a scam project that is well disguised and has a good team or have a way around that staff stuffs.
In the crypto space and when dealing with alts its better to have in mind that your in a den of fakes and good ones, so yeah research can help you select out a lot of bad ones and keep those well disguised one for you to pick from along the good projects, but my point is simple finding a good project to invest in is not easy even with research and it won't totally safe you and better you use your disposable funds or invest what you can afford to lose or and have very little invested in alts.
In the crypto space and when dealing with alts its better to have in mind that your in a den of fakes and good ones, so yeah research can help you select out a lot of bad ones and keep those well disguised one for you to pick from along the good projects, but my point is simple finding a good project to invest in is not easy even with research and it won't totally safe you and better you use your disposable funds or invest what you can afford to lose or and have very little invested in alts.
Do you know where after all the research and searching I did I ended up with a P&D project, do you need me to show you the portfolio I have?
no, no, that's not a wise attitude at all.I mean, don't underestimate research, even if in the end when misfortune comes and ends up in a scam project, at least we have done research first and not become blind investors. If you just do research you still get stuck in a bad project, what else if you don't do research? did you get the point?
if you hold for the long term, buy altcoins that are already big market but the price is still below the ATH price. other BNB examples can be matic. the point is that big market coins are safe and not scam coins, the price is still cheap so that the profit can be maximized.
I can't agree with your opinion here because there are many altcoins in the market that once came into the market and generated much more ATH than it was worth but have been dumped over time and are now at a point where it is no longer possible to reach that peak. For example, here I am giving charts of some coins which were once in a very good position but now they are at a stage from which it will never be possible to go back to the previous stage. Those coins are FIL, ICP etc.File price chart: Maximum price: $430
Instant price : $8.77
Internet computer price chart: Maximum price: $2831.020
Instant price : $13.77
Its true most of the project will never be able to reach its previous ath but there are some exceptional altcoin that do wonder. Just look at sol price action. Many people thought that it won't be possible for sol to touch even 50$ in this season but now it seems sol will cross its ath and create a new one very soon. Same thing can happens with ICP.
if you hold for the long term, buy altcoins that are already big market but the price is still below the ATH price. other BNB examples can be matic. the point is that big market coins are safe and not scam coins, the price is still cheap so that the profit can be maximized.
I can't agree with your opinion here because there are many altcoins in the market that once came into the market and generated much more ATH than it was worth but have been dumped over time and are now at a point where it is no longer possible to reach that peak. For example, here I am giving charts of some coins which were once in a very good position but now they are at a stage from which it will never be possible to go back to the previous stage. Those coins are FIL, ICP etc.File price chart: Maximum price: $430
Instant price : $8.77
Internet computer price chart: Maximum price: $2831.020
Instant price : $13.77
Well, I am quite convinced with what you have said, but AFAIK, altcoins are usually very unpredictable, and therefore, it is not too good to invest and hold for a long time. Some altcoins could get developed at a time when the Bitcoin halving is just a year away, and the reason why some project owners take such a strategy is so that their project can just get influenced by the Bitcoin bull market and get pumped, after which it will again be dumped, and from there, the project will just lose its value. Someone can actually take all those steps that you have explained, but they can still end up investing in an altcoin that will not generate any profit for them. Anyone who is investing in altcoin should invest with caution, with the money they can afford to lose, because there are some projects that can look very promising and also have a good vision and road map, but on the long run, they will just crash.
That's the nature of most altcoins and those shitcoins that don't have anything better to do are exploiting that very thing because you never know which one's going to last a long time so they guilt trip every investor into thinking that if they don't invest in all those shitcoins (which you wouldn't know about until it's too late) and that you're missing out, that's why you need to look into some parameters that would qualify an altcoin as a worthy investment, OP did gave away a good way to identify that you're not going to be investing in some shitcoin that would only yield you nothing but time wasted, @MAAManda also gave some good points to point out to check out potential altcoins to invest into, the best one so far that I've checked out though is to look into the project itself and the developers behind it, that way you can gauge people that are developing this altcoins if they're trustworthy enough or if they're some kind of liar or deceiver that will only want your money and never really cared about the project in the first place. 
It is better that you do all of these research's and follow the instructions because the rate at which you will fall for scam or bad altcoins would be less. Dont be ignorant of the advice and opinions from individuals here. No one is saying that when you follow this steps then you are 100 percent guaranteed that the altcoins you would end up selecting to invest will be a legit altcoin. Mistakes are bound to happen to an investor but not willingly going in to scam project. It is good that you tried to avoid them, at least you wont fall victim of the scams every time.
The issue is that the developers of altcoins have become really skilled at making their projects to look as if you will make a fortune with them, as everything seems to be in place for the project to succeed, but at the end it is just another bad project that was disguised expertly by scammers.So while your due diligence can protect you from the most obvious scams, it cannot protect you from the scammers that really know what they are doing, making it impossible for you to distinguish between a legitimate project and yet another scam.
To the recognize a good project then you should looking of there, community, partnership, exchange announced confirmed information should be collected. They should also know about the power of private sales. According to me there are many best ido projects at this time where you will really benefit from investing. But rather than buying tokens from ico with risk, the best way is to buy tokens from a good project from an ido organization. They want to get into crypto with integrity so they will actually be the best profiteers.
Now is not a bad time to take a closer look at something old and already proven but does not have much publicity and at the same time has potential. Take the same TON, a serious team has good recognition and only now new projects created on Tone are starting to appear. And the important point is not yet added to Binance (for now) and this will give a huge boost in the future. I would not enter into new projects in such a market. Jump to: