How to find and hold in Atlcoin effectively? - page 2.

snowpega

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Activity: 322

Merit: 178

Quote from: Romeotom on March 23, 2024, 02:04:05 PM

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.

I agree with you that these things need to be checked before investing or holding any of the altcoin projects as we have an idea that investing in altcoin is the very picky part well if teams have strong networks with other strong projects then it may have high chances of performing well in the coming future. Although all the projects have some cons as well as nothing can be fully completed at the same time but if we find more pros and fewer cons in the project we can try our luck with it.

Besides this, I have seen my friends making good money from ido's but It took their a lot of time to return them profit but In the end, investing in ido's worth a good amount of profit to them. I am not suggesting to invest in them it should be done on your own research i am just telling what I have seen. Well, maybe there is a chance I will also participate in any IDO in the coming future but after this bull season, and until then I am just holding.

Sayeds56

copper member

Activity: 1260

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Eloncoin.org - Mars, here we come!

When we evaluate an altcoin project for investment, I think the key considerations include, fundamentals of the project, expertise of the team, and strength of the community support. Additionally, prevailing market conditions at the time of investment, whether bullish or bearish , play a crucial role in determining the success of your investment. DYOR

Dailyscript

full member

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Quote from: Troytech on March 23, 2024, 04:02:44 PM

Quote from: MAAManda on February 15, 2024, 08:25:09 AM

In fact, to find potential projects, we have to carry out complex research, which means there are many aspects that need to be looked at. I have my own way of identifying a project, as follows:

1. Looking at the fundamentals
2. Looking at the teams
3. Looking at the investors and backers.
4. Looking at the tokenomics.
5. Looking at the community

The 5 points above are just headlines, we need a long discussion to explain them 1 by 1.

Quote from: SeriouslyGiveaway on February 14, 2024, 10:12:29 PM

Step 3: Find a nice entry, price it right by comparing with projects that are similar to the project you are aiming for (for example, layer 2 array if you are planning to invest in ARB, you can compare it with OP ), from there you can estimate what capitalization level is reasonable to buy.

To compare 2 altcoins from the same category, you can use Marketcapof, there you will easily get multiples by comparing the MC of 2 projects.

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 hokd team or have a wah around that stuff.

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 selact out a lot of bad ones and keep thise well disguised one for you to pick from along the good projects, but my point is simple finding a gokd project to invest in is not easy even with research and it wont totally safe you and better hou use your disposable funds or invest what yoi can afford to lose or and have very little invested in alts.

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.

Reatim

sr. member

Activity: 2772

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Troytech on March 23, 2024, 04:02:44 PM

Quote from: MAAManda on February 15, 2024, 08:25:09 AM

In fact, to find potential projects, we have to carry out complex research, which means there are many aspects that need to be looked at. I have my own way of identifying a project, as follows:

1. Looking at the fundamentals
2. Looking at the teams
3. Looking at the investors and backers.
4. Looking at the tokenomics.
5. Looking at the community

The 5 points above are just headlines, we need a long discussion to explain them 1 by 1.

Quote from: SeriouslyGiveaway on February 14, 2024, 10:12:29 PM

Step 3: Find a nice entry, price it right by comparing with projects that are similar to the project you are aiming for (for example, layer 2 array if you are planning to invest in ARB, you can compare it with OP ), from there you can estimate what capitalization level is reasonable to buy.

To compare 2 altcoins from the same category, you can use Marketcapof, there you will easily get multiples by comparing the MC of 2 projects.

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 hokd team or have a wah around that stuff.

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 selact out a lot of bad ones and keep thise well disguised one for you to pick from along the good projects, but my point is simple finding a gokd project to invest in is not easy even with research and it wont totally safe you and better hou use your disposable funds or invest what yoi can afford to lose or and have very little invested in alts.

Doing extensive research may save you from potential
losses but it does not guarantee you that it will earn you
profits. Even if a project isn’t a scam what are the chances it will progress
past the hype? It just minimizes the risks of the project being a scam

The thing is, though, a lot of projects look legit at first and if you
aren’t careful or observant you might not see some of the red flags.

Still it’s important to do your own research and think critically of
what you see.

Troytech

full member

Activity: 98

Merit: 55

Quote from: MAAManda on February 15, 2024, 08:25:09 AM

In fact, to find potential projects, we have to carry out complex research, which means there are many aspects that need to be looked at. I have my own way of identifying a project, as follows:

1. Looking at the fundamentals
2. Looking at the teams
3. Looking at the investors and backers.
4. Looking at the tokenomics.
5. Looking at the community

The 5 points above are just headlines, we need a long discussion to explain them 1 by 1.

Quote from: SeriouslyGiveaway on February 14, 2024, 10:12:29 PM

Step 3: Find a nice entry, price it right by comparing with projects that are similar to the project you are aiming for (for example, layer 2 array if you are planning to invest in ARB, you can compare it with OP ), from there you can estimate what capitalization level is reasonable to buy.

To compare 2 altcoins from the same category, you can use Marketcapof, there you will easily get multiples by comparing the MC of 2 projects.

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.

Romeotom

member

Activity: 811

Merit: 20

Chainjoes.com

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.

Obim34

full member

Activity: 224

Merit: 195

Quote from: Essential10 on March 09, 2024, 11:32:03 PM

I think Ethereum is the best alt coin for long term investment or holding. Investing in new altcoins now and holding them can turn out to be a waste of money. At present the background of the new coin looks fine, but after a few days a scam occurs. Choosing a new successful and profitable altcoin is a very difficult task. I think investing in Solana, Litecoin, BNB, Polkadot is safer than finding new coins and holding new coins.

Not all new Altcoins are scam and they stand a better chance of giving good profit than that of the top Altcoins. But not compromising, Ethereum remains the top Altcoin, one favorite thing about it is on it's own the price can increase as well still correlated with Bitcoin, both ways investors can earn profits. It's only hard to detect which new Altcoin to invest into, since most starts up very well but the end becomes uncertain, even at our best of speculating the best we might end up on the wrong investment.

Essential10

member

Activity: 210

Merit: 39

I think Ethereum is the best alt coin for long term investment or holding. Investing in new altcoins now and holding them can turn out to be a waste of money. At present the background of the new coin looks fine, but after a few days a scam occurs. Choosing a new successful and profitable altcoin is a very difficult task. I think investing in Solana, Litecoin, BNB, Polkadot is safer than finding new coins and holding new coins.

johnsaributua

sr. member

Activity: 812

Merit: 257

Eloncoin.org - Mars, here we come!

Quote from: Y3shot on March 09, 2024, 06:57:32 PM

Honestly it will be too risky to hodl new project. Some of the new project we have this looks so convincing to invest and by the time you put your money into it you realise that you have invested into a wrong project. For me I don't think it is best to go into new project so fast to invest in it because some of the new projects are scam project. Give née projects time to invest in it don't rush to invest in it just because to make money from it fast.

You are right, risk is always there even on fundamental and popular coins, it's the nature of investing in cryptocurrencies because of the fluctuations that occur from supply and purchase. It is a little more difficult to find new altcoins for the long term, but altcoins that are already listed on the cex will be better than those that are still listed on the dex (allowing devs to withdraw liquidity if they add). cex must also be analyzed because the possibility of deep and long prices can also occur. I often target the profit that I will make within reason.
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I enjoy my free time more by following airdrops with new wallets to find out what altcoin season is every week, and I sometimes invest with my own consciousness, I like to know and read what will happen to the project that I will meet in the future.

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

Quote from: Y3shot on March 09, 2024, 06:57:32 PM

Honestly it will be too risky to hodl new project. Some of the new project we have this looks so convincing to invest and by the time you put your money into it you realise that you have invested into a wrong project. For me I don't think it is best to go into new project so fast to invest in it because some of the new projects are scam project. Give née projects time to invest in it don't rush to invest in it just because to make money from it fast.

Perhaps your are right buddy! based on the rate of some pump and dumb coins in the space, it has risen to the extent that even good altcoins that are trying to surface are seen as scam projects because they have been mixed in the time and era of shitcoins, or pump and dump tokens.

Its absolutely not good to hold shitcoins for long but at the same time one could be luck since investing on this coins are more like gambling, so it's luck based, if you're lucky enough you can profit by holding for long.

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: Y3shot on March 09, 2024, 06:57:32 PM

Honestly it will be too risky to hodl new project. Some of the new project we have this looks so convincing to invest and by the time you put your money into it you realise that you have invested into a wrong project. For me I don't think it is best to go into new project so fast to invest in it because some of the new projects are scam project. Give née projects time to invest in it don't rush to invest in it just because to make money from it fast.

We could make money from altcoins that is why many people are holding altcoins for the moon.
We need to look for good project to hold so that we don't have to be left out in the market.
We have to make sure we put money in altcoins that have been in the market for long not just random new projects that could end up becoming a rug pull.

Y3shot

full member

Activity: 560

Merit: 161

Honestly it will be too risky to hodl new project. Some of the new project we have this looks so convincing to invest and by the time you put your money into it you realise that you have invested into a wrong project. For me I don't think it is best to go into new project so fast to invest in it because some of the new projects are scam project. Give née projects time to invest in it don't rush to invest in it just because to make money from it fast.

IvugeoEvolutionCoin

sr. member

Activity: 840

Merit: 267

Play Bitcoin PVP Prediction Game

Quote from: Kelward on February 21, 2024, 05:39:06 AM

Quote from: Coyster on February 15, 2024, 04:57:27 PM

Quote from: SeriouslyGiveaway on February 14, 2024, 10:12:29 PM

This is my process for finding an Altcoin (new project) for long-term investment

Having said that, because of the lack of utility in altcoins, i buy only Bitcoin, but if i must advise people on altcoins, i'd tell them to purchase altcoins that have been in the market for sometime and already have a "strong" community.

The steps that is listed in the OP are helpful tips to choosing altcoins to buy, however as you've also noted, an investor can use the strategies and end up buying scam projects or new projects that are legit from the beginning later they're value will end up becoming worthless. The fact is that new projects are risky, even after researching them, they might end up not being profitable in the long run. Like you if I plan to buy altcoins, it'll have to be the ones that have proven their reputations in the crypto market, like Bitcoin, because I like to minimize my risks.

Investing in altcoins is very profitable but investing in altcoins is very risky. Investing in new altcoins projects most of the time fall victim to scams and all money is at risk. For this we should check the projects carefully before investing. Buying altcoins So we need to find some good coins so that we don't get scammed by investing. To stay away from scams we need to check the projects before investing.

avp2306

sr. member

Activity: 966

Merit: 340

Always depends on the altcoin since if they are new then I guess much recommended not to hold any of it since there's a lot of chances that they might dump by investors,bounty hunters and the dev who has a lot of allocation on the project.

But for top altcoins then I guess its no brainer that they have more potential among than any other alts since they are tested for so many years. And yet people could provably rely on them especially if they going to support those coins have a good community since provably this will be a huge factor that price of the coin will pump.

wheelz1200

legendary

Activity: 3612

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It's an imperfect science with altcoins because of the volatility. Finding the tops or lows of an altcoin is extremely difficult so if you are going to try to time anything pick a predetermined point at which you want to exit and stick with it. Once something has gone up its tough to let go because of the fomo, but disciplined traders over time do much better than emotional ones.

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

This is absolutely what I have been looking for in this board, for some months now I have been looking for a way to find a reputable altcoin that I can invest in but I couldn't put things together to achieve this goal but with this steps that you have provided I believe I'm going to achieve it.

Now, with the little knowledge I have about cryptocurrencies (Altcoins) I have heard several times that it's never a good idea to hold altcoins for long time because most of them are usually pump and dump coins that are created around every bull run to get the Bitcoin hype and move along with Bitcoin price and after then it falls to 95% down of its ATH now with this fact/assumption I wouldn't want 5o gamble with my funds to the extent of losing them all.

Mate2237

hero member

Activity: 700

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Eloncoin.org - Mars, here we come!

This is not the first time we have discussed this issue. Though those your methods or steps are also good to find out a good project to invest. And additionall, for you to invest in any altcoin, you have to make research in it about the population of the coin, community support not the coin and the market capitalization of the coin. Then also check the domain of the project and exchanges the coins can be exchanged.

If you don't make good research before investing in a new project the you will not give a good story of the project.

MAAManda

hero member

Activity: 1484

Merit: 706

Quote from: AnonBitCoiner on February 23, 2024, 01:27:47 PM

Quote from: MAAManda on February 15, 2024, 08:25:09 AM

In fact, to find potential projects, we have to carry out complex research, which means there are many aspects that need to be looked at. I have my own way of identifying a project, as follows:

1. Looking at the fundamentals
2. Looking at the teams
3. Looking at the investors and backers.
4. Looking at the tokenomics.
5. Looking at the community

The 5 points above are just headlines, we need a long discussion to explain them 1 by 1.

These points are good in order to choose a good coin and everyone should examine these things before investment. Team and goals of the team will helps you to find out good or worse things about project so one will not fall into a scam project.

Watch out that on which exchange the token of the project is listed and will listing in future. We cannot make decision based on identifying one thing but it will be helpful for us if we read complete details mentioned in the whitepaper of a project.

These are just introductory points, in fact you have to dig deeper to find out exactly what they (crypto projects) do. I give an example of the tokenomics point, you have to find out exactly how they distribute token allocations and where this allocation will go, after that you have to find out information related to token unlock (vesting period), this helps you to understand when the supply will increase which will affect the token price.

letteredhub

full member

Activity: 504

Merit: 198

My privacy, my right.

Quote from: Kelward on February 21, 2024, 05:39:06 AM

Quote from: Coyster on February 15, 2024, 04:57:27 PM

Quote from: SeriouslyGiveaway on February 14, 2024, 10:12:29 PM

This is my process for finding an Altcoin (new project) for long-term investment

Having said that, because of the lack of utility in altcoins, i buy only Bitcoin, but if i must advise people on altcoins, i'd tell them to purchase altcoins that have been in the market for sometime and already have a "strong" community.

The steps that is listed in the OP are helpful tips to choosing altcoins to buy, however as you've also noted, an investor can use the strategies and end up buying scam projects or new projects that are legit from the beginning later they're value will end up becoming worthless. The fact is that new projects are risky, even after researching them, they might end up not being profitable in the long run. Like you if I plan to buy altcoins, it'll have to be the ones that have proven their reputations in the crypto market, like Bitcoin, because I like to minimize my risks.

@kelward you have just hit the nail direct about moat altcoins we have in the market, you will after all research and analysis has been done find reasons to believe that the coin was going to be a profitable coin due to the potential it showed but only to find out on the long run after invested that it didn't do as expected. There was no significant rise whatsoever, some even fall in value from the price you had initially bought and just remians there. If any investor must have to diversify his crypto investment from bitcoin to another altcoin outside ethereum which has proven scalability and more over the years I don't see myself picking at any altcoins for a long term right now, maybe not just now.

Dr. Strange

jr. member

Activity: 166

Merit: 1

If you want to find a good new Atlcoin you need to look at several aspects. And you always remember one thing if you want to invest in any Atlcoin then always be careful because these are the most risky.

First of all, focus on the website, site paper of the project you want to select, because if these are plagiarism, then you will think that they have come in the market to cheat. On the other hand, check out the details of the team members. And if all these are correct then you can invest and get something good.

Topic: How to find and hold in Atlcoin effectively? - page 2. (Read 587 times)