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

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.

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.

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

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.

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.

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.

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.

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.

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?

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

@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.

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.

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.

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

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.

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.

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.

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.

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.

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.

 

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.

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 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.

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.

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.

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.

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.

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.

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.

Community, tokenomics, fully diluted value, use-case, uniqueness, transparency, developers.

These are just some of the factors that might affect my decisions on whether an altcoin is a coin to hold for the long term. It will be a different case if I buy an altcoin and hold it for the short term because, in the short term, I believe that hype is better than fundamentals or whatever factors it is. The way investors think is very different, and it depends on how long they will hold that altcoin. As for me, I'm buying an altcoin that has been in the market for quite some time, survived during the bear market, and has a huge community behind it. After all, I will just sell all of my altcoins at the peak of the bull run (if lucky).

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.

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.

  

It takes patience in exploring every detail of the information we need to make a decision before choosing to invest in altcoins. Especially in fundamental analysis. I personally prefer to look at who or what company is behind the project or funding the project. Because usually if a project is funded or has large corporate investors like Binance Labs or something like that then the potential of the altcoin will really be visible without even having to see who the team is behind it. But it's better to know the team behind it. Because a dev's profile can be important information for a project. For example, WLD has recently had an increase because this coin has a fairly well-known Dev in OpenAI's ChatGPT.

Are you serious? how can you find good projects if not from the results of complex research, this isn't about perfectionism or not, but there's money that we'll put in here and to maintain value or increase value of course requires complex research. Then about the important criteria you mean, what are they? I think it's better for you to explain it rather than making ambiguous statements.


What MM do you mean here is Market Maker? or another term?

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.

There are countless of altcoins in circulation out there and many more are being released every day. It may feel tedious to sort out different altcoins and like you said it might feel overwhelming that you might want to give up at some point.
I suggest putting up a plan first.

Do you want to trade or hold? What are features that you greatly value? Do you value privacy more than other utility functions? Maybe you are techy and would want to focus on the blockchain it operates on. I think being able to build of what exactly you are looking for can help you sort out the exact kind of altcoins you may want to focus on. Altcoins have different types as well from memecoins to DeFi so being able to single out a specific type is essential.

A lot of altcoins often end up being scams so there should be an extra step to check everything to make sure that you do not regret later on. Do not be blinded by flashy words and big promises especially by newly launched projects.

It is also helpful to build a long-term plan. Identify at what point should you buy or sell to minimize risks.

You made a good point, generally, it is not advisable to hold altcoin because the projects are very confusing to understand, the possibility of any altcoin to appreciate in price is slim unless in this bullrun that bitcoin has already make a lead, personally I don't see altcoin as a long-term investment because you might invest today and wake to see that such coin does not sexist again so where is the hope, like I always say people should see altcoin investment as way of diversifying a little of their fund to make little profit if possible but don't put your mind much so that you will not be disappointed, as you have already said @Dr Bitcoin_Strange, many project will flood the internet this time because of this bullrun but I believe crypto enthusiast knows what to do in other not to get into such trap.

IMO you cant really get anywhere by doing research on altcoins, cause I've seen many altcoins with good background and all the hype still go flat and end up beign a shit project, what I do myself when I want to invest in altcoins is that I just go for exchange altcoins like bnb, Ethereum, tron and all that although they might not give you the kind of return of investment you are expecting but at least this are well filtered coins with reputation to keep.

I also go for others but i just follow the hype and do a little research myself, but I'll try implementing your strategy to see where I gets me. Investing in Altcoins is risky and everone should have that in mind.

Yep, these are also aspects we can consider to find a good ALtcoin. Searching to find an Altcoin that we can safely invest in for the long term is a process that requires in-depth digging, there are many criteria we can set to choose, and sometimes we just need to meet a few important criteria, we can think about investing to them. It is not necessary to ensure all criteria. This is very perfectionistic and sometimes we will miss a lot of good growth projects.
Using Marketcap to compare 2 projects is the simplest and most intuitive way. Besides, we can consider many other factors such as the community, TVL, investment funds and who is the MM team behind them. The most obvious examples are Arb and Op. Maybe in terms of technology ,community and Arb's TVL is superior to OP, but the investment fund behind Op is not much and not spread out like Arb, so it will be easier for MM to set up to push the price than Arb. You should combine many screening criteria to make the most reasonable choice.

It is almost impossible to find new altcoins for long term investments, altcoins are generally short term projects, and that's most especially the new projects that lack any utility. I am afraid that one can go through all the steps you mentioned in your OP and still end up buying a scam/worthless project and that's because it is pretty difficult to find a new project that is sustainable for the long term.

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.

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.

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.

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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.

This is my process for finding an Altcoin (new project) for long-term investment, it will include the following steps:

- Step 1: Filter out reputable platforms or tokens of reputable projects. In this first step, let's just list all the platforms that you are interested in or projects that others talk a lot about in the community. Don't worry if it's too much, we will filter them again in the following steps.
- Step 2: Analyze the token usecase, tokenomics and how each project operates to see where the development team and investment fund will make money if they later sell the tokens. This step will be accompanied by determining the time when the project will unlock a large amount of tokens for investment funds, because normally before unlocking, they will have to push up the price to create liquidity for their funds to sell tokens.
- 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.
- Step 4: After completing the above 3 steps, you may have chosen a few Altcoins. At this step, you must determine how long you will hold it? Until when? When is the right time to hold for the long term instead of just trading for the short term? For example, before a really strong Altcoin season takes place (according to my prediction, 2025), the Altcoin price in the previous period will be greatly depressed, and the Alt/BTC pair will find the bottom a lot. So if you hold Altcoin too early, you may not be able to optimize profits and psychology instead of holding BTC.

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. If you hold too early, you may have to endure losses for a period of time, and this is the time for many people lose patience leads to losing stock before that Altcoin really enters its growth cycle. 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.