Topic: How to find coins with potential - page 4. (Read 1446 times)
Aaron I have noticed, it requires time and quality research. Picking good project for long run investment purpose is time consuming but when due diligence is done, it's always worth it. While investing also trade to increase your balance.
Currently I am doing research about altcoins.
The idea is to find out, which currencies have potential to grow and are still very easy to mine.
I already fail at finding a source for freshly released altcoins. There are several websites that list all announced coins, but it would be great to get some details about their potential. Of course I read discussion boards but my experience is that most of the comments are rubbish.
The goal would be to find coins like bitcoin in the early stage where its value was below $1.
I know it is all about luck! But I would appreciate if you could share your sources. Like blogs, discussion forms, serious news sites etc.
How do you decide which coin to mine? How do you research about coins to decide if they have potential
This guy - https://www.youtube.com/watch?v=zZ-KTx2ty18The idea is to find out, which currencies have potential to grow and are still very easy to mine.
I already fail at finding a source for freshly released altcoins. There are several websites that list all announced coins, but it would be great to get some details about their potential. Of course I read discussion boards but my experience is that most of the comments are rubbish.
The goal would be to find coins like bitcoin in the early stage where its value was below $1.
I know it is all about luck! But I would appreciate if you could share your sources. Like blogs, discussion forms, serious news sites etc.
How do you decide which coin to mine? How do you research about coins to decide if they have potential
This guy too - https://www.youtube.com/watch?v=32DHBvItSBw&feature=youtu.be
This are the steps i consider when finding coin with potentials:
1.The Market Capitalization Of The Cryptocurrency (coin):the market capitalization is a useful piece of information to check out the performance of a cryptocurrency. You can calculate the market cap of a cryptocurrency just by multiplying the number of circulating units with the price of a single unit.
2.The Usefulness And Features Of The Coin: Currently, there are more than 1300 cryptocurrencies available for investments. But the majority of these are just cheap Bitcoin clones, scams,Only a handful of this long list of cryptocurrencies, provide real value to its users and the whole cryptocurrency community.
That is why you should always check the official website of a cryptocurrency project to see what it has in store.But in my opinion, the features should be about solving real-world problems to make the best impact.
3.The Popularity Of The Coin:The popularity of a coin also plays a pivotal role in determining its future.Take, Bitcoin for example – it has a huge number of dedicated followers who are greatly responsible for taking Bitcoin this far.
1.The Market Capitalization Of The Cryptocurrency (coin):the market capitalization is a useful piece of information to check out the performance of a cryptocurrency. You can calculate the market cap of a cryptocurrency just by multiplying the number of circulating units with the price of a single unit.
2.The Usefulness And Features Of The Coin: Currently, there are more than 1300 cryptocurrencies available for investments. But the majority of these are just cheap Bitcoin clones, scams,Only a handful of this long list of cryptocurrencies, provide real value to its users and the whole cryptocurrency community.
That is why you should always check the official website of a cryptocurrency project to see what it has in store.But in my opinion, the features should be about solving real-world problems to make the best impact.
3.The Popularity Of The Coin:The popularity of a coin also plays a pivotal role in determining its future.Take, Bitcoin for example – it has a huge number of dedicated followers who are greatly responsible for taking Bitcoin this far.
Thats the eternal question to which everyone wants to get an answer. I guess your only choice is to spend a lot of time and so some research about different tokens and go with your gut.
That is the most important question which when you get the answer you will be super rich. So it will not be so easy like you will find it in this thread as answer. You will experiment yourself a lot of things, you will do a lot of mistakes and then you will understand how to choose a good coin with potential.
Thats the eternal question to which everyone wants to get an answer. I guess your only choice is to spend a lot of time and so some research about different tokens and go with your gut.
It is really difficult to find the potential of newly created crypto coin because it requires i think alot of research and also experience. In knowing if there is significant potential in the said coin. So before you invest that much dont forget to research well so that you wont end up lossing.
Do some research, especially the team members who will decide the coins.
I think I prefer to invest in and already ongoing project and then it has a really project.
Go through the announcements and filter those that make sense or you find attractive to a lot of people. Also, scrutinize the ones that have a lot of social media influence and followers as those are the likely profitable ones.
research research and research.. and study graphs too
These are my criteria:
- Premined or not?
Premined coins are too suspicious. The devs take an initial big slice for themselves always justifying that with some philosophical rhetoric but there are many past examples of total scam coins using this scheme.
- ICO or no ICO?
I don't like ICOs, I prefer to invest in an already ongoing project with given proof of stability and endurance. I'm not saying all ICOs are scam, but same of them are for sure!
- How old is the coin?
In my book, if a coin is still being actively traded after 3/4 years of existence, this has to mean something; there is a faithful community behind it.
- Is it still being actively developed?
Following the previous point, if after 3/4 years the coin still has a dev team committed to it with real plans for the future, then it has a real project!
- Does it have any real use besides pure pump and dump speculation?
Is the coin being used for any kind of purchases? If not, are there any plans for it? Otherwise, it will only be a play toy for trading.
- Does it have an active and large community?
How large is the community? Is it still active or everybody left a long time ago?
- Is it PoW of PoS?
Proof of Work is a dead end, the power consumption is obscene. Not viable for the average domestic crypto enthusiast. Proof of Stake can be done with a Rasberry Pi
- Fully functioning wallet?
Some coins have terrible wallets, unstable, not user friendly. This is a key factor, the software has to be in line with the state of the at crypto developments.
- Premined or not?
Premined coins are too suspicious. The devs take an initial big slice for themselves always justifying that with some philosophical rhetoric but there are many past examples of total scam coins using this scheme.
- ICO or no ICO?
I don't like ICOs, I prefer to invest in an already ongoing project with given proof of stability and endurance. I'm not saying all ICOs are scam, but same of them are for sure!
- How old is the coin?
In my book, if a coin is still being actively traded after 3/4 years of existence, this has to mean something; there is a faithful community behind it.
- Is it still being actively developed?
Following the previous point, if after 3/4 years the coin still has a dev team committed to it with real plans for the future, then it has a real project!
- Does it have any real use besides pure pump and dump speculation?
Is the coin being used for any kind of purchases? If not, are there any plans for it? Otherwise, it will only be a play toy for trading.
- Does it have an active and large community?
How large is the community? Is it still active or everybody left a long time ago?
- Is it PoW of PoS?
Proof of Work is a dead end, the power consumption is obscene. Not viable for the average domestic crypto enthusiast. Proof of Stake can be done with a Rasberry Pi
- Fully functioning wallet?
Some coins have terrible wallets, unstable, not user friendly. This is a key factor, the software has to be in line with the state of the at crypto developments.
To be able to find a coin that has the potential of course we have to think so maturely, it can all be done with the analysis. Precisely with good analysis and we have a lot of search for references in various places. I pointed out that when I want to choose a potential coin then I need at least a week to think. That is a long time in my opinion, but I have consequences that results are everything. So a long time does not become a problem, as long as I can get perfect results. Believe me everything will run much faster when we have the skills and I am sure that experience will make us have a much better skill from day to day.
You should check:
- total market cap
- team
- working product/existing firm
If you find an undervalued coin with a good team and with a working product you'll be fine
- total market cap
- team
- working product/existing firm
If you find an undervalued coin with a good team and with a working product you'll be fine
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There are several things you should keep in mind.
First, pay attention to the products. If it is related with something.
Second, you need to knoew something about the team. If they are reliable.
Third, you need to seek others advice and views.
First, pay attention to the products. If it is related with something.
Second, you need to knoew something about the team. If they are reliable.
Third, you need to seek others advice and views.
besides that, we need to read the details about the coin and we need to talk with the dev and the team if necessary so we can add more info about the coin. and if the coin is launch in the exchange, then we need to do analyze the coin by watching the trends, analyze the order buy and sale price, and if we can analyze using every method that we know, then it will give some benefits to us to determine the price and the time for us to buy or sell.
In my opinion, the most important thing is wether you did your research about the coin. If it costs nothing, it doesn't mean it will definitely rise above it's current price point. You can invest in cryptos that are already high in value but that also might mean that they are decent projects which attracts investors and could rise even more.
It simply take a considerable measure of perusing and looking into. There were bundle of coin being discharge and reality behind it is that the vast majority of it are extremely not a decent one. Most are in reality simply giving an attempt and trusting that it will get individuals. A decent undertaking really has valid individuals behind it, once venture are oversee by a decent one we could expect that it will have a promising future. I would propose you to simply put resources into an undertaking which you have a foundation information. Never put resources into something you don't know anything. Coins fill extraordinary need, if a venture serve a decent goal and may pick up request from the general population it is a really a decent one coin.
There are several things you should keep in mind.
First, pay attention to the products. If it is related with something.
Second, you need to knoew something about the team. If they are reliable.
Third, you need to seek others advice and views.
First, pay attention to the products. If it is related with something.
Second, you need to knoew something about the team. If they are reliable.
Third, you need to seek others advice and views.
Currently I am doing research about altcoins.
The idea is to find out, which currencies have potential to grow and are still very easy to mine.
I already fail at finding a source for freshly released altcoins. There are several websites that list all announced coins, but it would be great to get some details about their potential. Of course I read discussion boards but my experience is that most of the comments are rubbish.
The goal would be to find coins like bitcoin in the early stage where its value was below $1.
I know it is all about luck! But I would appreciate if you could share your sources. Like blogs, discussion forms, serious news sites etc.
How do you decide which coin to mine? How do you research about coins to decide if they have potential
The idea is to find out, which currencies have potential to grow and are still very easy to mine.
I already fail at finding a source for freshly released altcoins. There are several websites that list all announced coins, but it would be great to get some details about their potential. Of course I read discussion boards but my experience is that most of the comments are rubbish.
The goal would be to find coins like bitcoin in the early stage where its value was below $1.
I know it is all about luck! But I would appreciate if you could share your sources. Like blogs, discussion forms, serious news sites etc.
How do you decide which coin to mine? How do you research about coins to decide if they have potential
when I search for a potential coin I always look at its purpose, and I read some article about it, I also ask on some more experienced bitcoiners on what are their opinion regarding a certain coin. I just do some information gathering before investing on a coin.
Currently I am doing research about altcoins.
The idea is to find out, which currencies have potential to grow and are still very easy to mine.
I already fail at finding a source for freshly released altcoins. There are several websites that list all announced coins, but it would be great to get some details about their potential. Of course I read discussion boards but my experience is that most of the comments are rubbish.
The goal would be to find coins like bitcoin in the early stage where its value was below $1.
I know it is all about luck! But I would appreciate if you could share your sources. Like blogs, discussion forms, serious news sites etc.
How do you decide which coin to mine? How do you research about coins to decide if they have potential
The idea is to find out, which currencies have potential to grow and are still very easy to mine.
I already fail at finding a source for freshly released altcoins. There are several websites that list all announced coins, but it would be great to get some details about their potential. Of course I read discussion boards but my experience is that most of the comments are rubbish.
The goal would be to find coins like bitcoin in the early stage where its value was below $1.
I know it is all about luck! But I would appreciate if you could share your sources. Like blogs, discussion forms, serious news sites etc.
How do you decide which coin to mine? How do you research about coins to decide if they have potential
New site dedicated to new mineable coins
https://newborncryptocoin.com
Finchster
It is pretty hard to find coins with potential. What I usually do is head to coinmarketcap and find recently added coins and I'll research them, though there are too many at the moment. I'll read their whitepaper and check out their team and communication channels, if everything seems good, I will invest a bit in it. However, it is also based on luck, some coins have good teams and products but still fail to gain market.
I think that you should search for a coin that you like and that you think that it has a large growth potential
When searching for a coin you should be looking at the following parameters:
1. market cap of the coin( The higher the market cap is, the less growth potential the coin has)
2. Market status of the market it aims to conquer.
3.Developers team( Are the developers have any experience? Are they professional or amateurs, active or not active?
Always risk management, and make sure that you are not investing any funds that you can't afford to lose.
When searching for a coin you should be looking at the following parameters:
1. market cap of the coin( The higher the market cap is, the less growth potential the coin has)
2. Market status of the market it aims to conquer.
3.Developers team( Are the developers have any experience? Are they professional or amateurs, active or not active?
Always risk management, and make sure that you are not investing any funds that you can't afford to lose.
Thanks a lot for the advice. Now I know where to start to find a good coin.
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