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. 
Topic: How to find and hold in Atlcoin effectively? - page 3. (Read 786 times)
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.
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.=====================================
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
If you don't make good research before investing in a new project the you will not give a good story of the project.
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.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.
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.
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.
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.
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.
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.
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.
While we all have the idea that many of the altcoins are going to pump in the next cycle. We have to remember that not all of them will be pumping that much. And in choosing your next big altcoin to invest, you have to dedicate your time into your research and don't be too reliant to other people just because they have their own analysis. Relying on your own analysis is still the best and whatever is in nature of how you are reading the project details, believe in yourself if you've got experience already in choosing the good ones.
We can do it simple
- invest potential altcoins and don't bother to wait for many years but rather take a chance selling them when we already earn some profit.
- avoid letting your greed, it won't help us earn more but losses
- use reputed trading platforms rather than using new ones, it gives us funds security
Be wise and don't get fooled by influencers who thought impossible things - earning quick, high ROI, etc...promising words speak nothing, it will only disappoint us.
Do the research and take this as the basis of choosing them rather than letting others do that.
- invest potential altcoins and don't bother to wait for many years but rather take a chance selling them when we already earn some profit.
- avoid letting your greed, it won't help us earn more but losses
- use reputed trading platforms rather than using new ones, it gives us funds security
Be wise and don't get fooled by influencers who thought impossible things - earning quick, high ROI, etc...promising words speak nothing, it will only disappoint us.
Do the research and take this as the basis of choosing them rather than letting others do that.
I would never think of holding an altcoin even if its a reputable one like Ethereum because stats says it doesn't worth it.
Your stats aren't correct or can you make it more clearer to use as holding Ethereum has been profitable and some other altcoins too. Some memecoins also giving good profits if you hold it instead of selling it. BNB has been profiting to individual that are holding it instead of selling it to make profits. It's not all altcoins that are useless as some individuals are saying. Altcoins has made a lot of individuals profits and it'll keep making them profits including this bull market that's coming.
Any altcoin that you want to hold has to been worth it and you should have done your research to make sure you're investing in a top quality project and not a random project that is looking to scam their investors. Altcoins that we should be holding should be those that have clear future plans and not does only getting launched with similar names to already existing projects and looking to benefit from their hype.
I would never think of holding an altcoin even if its a reputable one like Ethereum because stats says it doesn't worth it.
Your stats aren't correct or can you make it more clearer to use as holding Ethereum has been profitable and some other altcoins too. Some memecoins also giving good profits if you hold it instead of selling it. BNB has been profiting to individual that are holding it instead of selling it to make profits. It's not all altcoins that are useless as some individuals are saying. Altcoins has made a lot of individuals profits and it'll keep making them profits including this bull market that's coming.
I mentioned many times about the growth of ethereum vs Bitcoin, Litecoin vs Bitcoin and if you want then you can see that by yourself and then see whether bitcoin grown more or the altcoins that exists here for years did.
I am not saying altcoins don't give you profit but here we are specifically talking about HODL altcoin which is risky and I won't take it but it's my opinion though and you are free to disagree with it.
Not a bad strategy. Your last paragraph is really insightful and to add to that I would say that when you have found the altcoins you think are worth your money and you’ve purchased some, keep an open mind. Don’t think that because you were careful when picking them that they won’t go wrong. Any altcoin can go wrong, so it would be of good advantage if you open your mind and be realistic even with all the optimism.
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