How to find and hold in Atlcoin effectively? - page 3.

AnonBitCoiner

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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.

batang_bitcoin

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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.

Kelvinid

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when lambo...

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.

Xampeuu

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Quote from: irhact on February 21, 2024, 07:09:04 PM

Quote from: jrrsparkles on February 21, 2024, 12:33:24 PM

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.

It will be easier to analyze it, perhaps taking altcoins at the top of Coinmarketcap, there will be many altcoins that are less risky to invest in, considering that it will be much riskier if we invest long term in new altcoins. but indeed, if we analyze correctly, new altcoins can provide multiple profits, more than altcoins that are already trusted, but we also have to be wary of the hype that occurs, especially for meme coins

jrrsparkles

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Quote from: irhact on February 21, 2024, 07:09:04 PM

Quote from: jrrsparkles on February 21, 2024, 12:33:24 PM

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.

oktana

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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.

irhact

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Quote from: jrrsparkles on February 21, 2024, 12:33:24 PM

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.

beerlover

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

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.

Yeah true, you can do all you have to do and you could still invest into something that may not be all that great, we should be careful with what we are investing into and if we are not careful then we are going to end up losing a lot of money. We just need to do all that we can, and if we are right then we are going to be doing good, if we are wrong then there is really nothing that we can do about it.

So, it is clear that we are going to end up with a good return that will be very profitable for us, and that has to be something that we all agree on. Keep your strategy going and even if you lose, do not lose your temper and keep a strict plan, that way you could do better eventually when you have the time and next time you could make a profit and make up for that loss.

Sophokles

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There are aggregator platforms where you can find all the new shiny crypto on the market. Even so, they have filters that you can use to pick the right one for you. To justify a project as legit or not, a person needs long experience and some insight about the industry. A good project should have a strong team, VC funds, community, and social presence; otherwise, it won't be possible for them to survive the market if they have the intention to do so. Tokenomics is also important for the long-term stability of the price.

jrrsparkles

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I would never think of holding an altcoin even if its a reputable one like Ethereum because stats says it doesn't worth it.

HODL is the term we prefer to use for long-term investment like atleast 4 years, and its too risky to pick something like altcoin which has uncertain future or the price has been stagnant over the years even while bitcoin is going bullish for over a year when we compare litecoin, monero and ethereum.

Moreno233

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Quote from: Dunamisx on February 20, 2024, 07:36:26 AM

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

In short, choosing a new Altcoin for the next growth season is very important, requiring patience and research from you. But besides that, determining a reasonable holding period is equally important.

Making a decision on investing on altcoins is very easy to achieve, but seeing a reliable coin to invest into is very difficult, if you also made an investment, you must monitor it, some are good to hold for a long time while some were at risk if you're holding them for long, but the best idea here to suggest is in giving a decision to always begin your investment with bitcoin before diving into any other altcurrencies, so that if any shady stuff should occur, you will always have where to fall back on for recovery.

The decision to invest in an altcoin may not be easy as you think because a lot of factors must be put into consideration if you have to invest with peace of mind. Investing in altcoins is not so much of a mistake provided proper research have been done about it and it has also gain traction in the market. The problem with altcoins that have gone to this extent is that it would have already given much of its profits before getting to this stage. But in terms of risk, it is still better and safer than new coins that the future is not yet certain. Scammers can actually create new tokens with the intention of collecting people's money.

Volimack

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As far as I'm concerned it's best to do market research to find altcoins. Then you can know about which coins are good in the market. It is best to try to stay away from new coins as they are almost scams. And if you plan to hold for long term then you can choose BNB and Eth they are safe currency and not scam. These coins will give good returns as the value of bitcoin increases.

Kelward

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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.

xeqoRameshAxueamExaqana

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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.

bitzizzix

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It is actually not an easy task to choose a successful and profitable altcoin and doing thorough research seriously is the key. And everything they say here is true, but you also need to have serious skills that you can rely on to make the final decision.
And I think the most important thing is to analyze the team, are they all experienced and have a good reputation and do they have successful experience or a clear roadmap for the project at hand. Because if you can analyze all team members well, you can assess whether the team has good potential or whether there are suspicions that make you want to do other research as a whole to confirm it.

Obim34

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I would say the first thing to do when choosing an Altcoin is considering and checking out the team behind the project, community, transparency with the community and the potentials of that project all about them surviving in the market.
There are some projects that are not firmly built, knowing fully well one should understand it would be best to invest for a shorter time, once there is a pump it is best to withdraw profit just to be on the safer side because the project and team lack what it takes to ride on the market.

kentrolla

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Quote from: MFahad on February 20, 2024, 12:56:32 PM

Community and exchanges listing also play vital role in choosing any altcoins. A very good project,good usecase without a good community will not bring a good result. This is the reason Meme coins without any usecase getting lot of attention of big exchanges to list while good usecase project doesn't able to list in Tier 2 exchanges. Altcoins mostly work with trend. If gaming trend is on then its not wise decision to invest in Web 3 project. Similarly when layer2 projects are trendable then it's not time to invest in Layer 1 projects. I mostly choose coins having big community and team do many testnet phases to make their ecosystem friendly for all users. Token distribution also should be checked especially team members tokens. a good project always have a two year at least vesting duration.

Yes that's the sad reality as exchange plays more vital role than the project capabilities itself and you are right as we have seen lot of shit coins I would say meme coins which are listed on top tier exchanges like Binance tends to pump much higher than it's listing or ICO price but wherein there are good projects which are listed in smaller exchanges are just undervalued but unfortunately that's how the market works on a short term but on longer term good projects thrives and eventually shit coins gets delisted fron top tier exchanges and it's the investors who loses it all.

Belarge

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Quote from: snowpega on February 20, 2024, 10:04:32 AM

As most of the members mentioned the best way to judge the altcoin project is the best way to examine the project is it a scamming project or a strong project for all that you have to stay up-to-date about projects well these days there are alot of new projects in the market just come for earing from its investors at the starting point they make hype in the market to bring interest the investors so that investors come and invest in the hype making projects but after some time/days when we see at the price it start to go down and dwoner day by day which shows that the project was totally planed to come in the market for earning purpose from its investors.

There are some projects you can check out there in the market which was recently listed and at start, they make good hype and starts to go down day by day which represents the project is shit and scamming project. So, it is very important to DYOR before investing in any of the altcoin. Many Thanks! DYOR.

Observe a crypto project before investing in it. They're dangerous when we have no clue but high hopes. There are numerous projects in the space, we just have to thoroughly mapped out our time to enable ourselves become open to golden opportunities in the system. I wouldn't advised anyone to relent in the market because there's quite significant phases, we should be busy milking the system and not the other way round. Altcoins are ought to be slighted engaged in trading volume, we just have to stick to becoming a better version of ourselves in the market. DYOR before you execute your plans in the space.

MFahad

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Community and exchanges listing also play vital role in choosing any altcoins. A very good project,good usecase without a good community will not bring a good result. This is the reason Meme coins without any usecase getting lot of attention of big exchanges to list while good usecase project doesn't able to list in Tier 2 exchanges. Altcoins mostly work with trend. If gaming trend is on then its not wise decision to invest in Web 3 project. Similarly when layer2 projects are trendable then it's not time to invest in Layer 1 projects. I mostly choose coins having big community and team do many testnet phases to make their ecosystem friendly for all users. Token distribution also should be checked especially team members tokens. a good project always have a two year at least vesting duration.

Nechiequ

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Quote from: LogitechMouse on February 20, 2024, 10:41:43 AM

-snip-

Just always take note that the lower the market cap, the higher the risk, and vice-versa. Just think that not altcoins on the top are good long-term coins to hold as well. I guess what I also say is that, always be ready in whatever may happen because you might see your token plummeting by -80% or even more because the token you bought is a scam coin. Cheesy

A piercing answer😁.
Fundamentals do greatly affect its movement but it is very rare, but technicals are always a reference in knowing the development of an asset and i feel that technicals occur more often than fundamentals. And this technique is more pronounced if used for trading in a short period of time.

Topic: How to find and hold in Atlcoin effectively? - page 3. (Read 587 times)