How to know which coins are good? - page 121.

FinbarAdley

newbie

Activity: 126

Merit: 0

Quote from: Family2930 on February 11, 2018, 08:22:13 PM

Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?

Thank You

first I go to their site read the white paper and then to check the site ranking, road map, community & ideas and then invest.

Dodoymabs

full member

Activity: 602

Merit: 100

Commonly, the very first thing will comes to our mind is the team members which we actually search their profile information. Also, its concept or idea must be realistic and not obviously a fantasy. Choosing the best coin nowadays is really hard and to minimize our hard time to choose, a deep research should be the best thing to do.

dtimmy

newbie

Activity: 205

Merit: 0

The first thing I would say is to read their white paper and make sure the project is innovative and has good future. Then the team management are also a professional.

Master Carnegie

full member

Activity: 253

Merit: 100

First read your whitepaper, make sure the project is innovative, bring solutions to what kind of problems, if you have a good team, without a strong team, there is very little chance that a currency will succeed in the long run.
Currencies that do not show any innovation, have weak developers, dishonest or bad marketing, and ridiculous incentives are complicated to invest. It takes time to build the foundation for a good product, so knowing if there are other successful projects from the same developers is essential.
It is a market that is considered risky, highly competitive, but still profitable. Adding multiple resources makes the currency more targeted, with more use fronts, with the right tools, it can achieve success and achieve thousands in profit.

valeru.aver

full member

Activity: 350

Merit: 100

The market of cryptocurrency is unstable and even traders are mistaken. I recommend studying the team, social networks and the idea. Also, look at the graph, for example on a coinmarketcap, to predict growth / fall.

onesalt

hero member

Activity: 756

Merit: 500

Read their whitepaper
Join their community
Check if they follow their roadmap or not
Check if the people in project team are even real or fake
Read the posts about the project to learn some experienced users' ideas

Sarahhd

newbie

Activity: 65

Merit: 0

Honestly, I argue that top 30 market cap coins are better. Admittedly, Coin Market Cap allows you to look at basically every coin in the world. Many of these random small market cap coins get incredible gains of 100%+ per day. I want you to understand that these coins are not good investments, and they are basically just gambling. I personally only pick out of the top 30 market cap coins. These are going to be the most stable and the most predictable.

Gracefs

newbie

Activity: 60

Merit: 0

From my point of view, you can pay attention to digital currencies with increasing price and volume of trades, which are likely to be those that have momentum going forward. Of course, there is no guarantee that this momentum will maintain, but it is nonetheless a useful way of seeing which digital currencies have the most investor interest for the time being.

Alyssaff

newbie

Activity: 47

Merit: 0

I suggest you should look for coins with the highest trade volume. Those are the ones people likely more informed than you know about and are buying.

Elizabesth

newbie

Activity: 65

Merit: 0

I hold the view that you can focus on a coin in the top 50 ranking, but also under the top 100 in market cap.

Mr.Binss

newbie

Activity: 48

Merit: 0

Whenever you find a coin that you’re looking to invest in, go straight to their website and look at the developer or team page. Make sure that the developers and team members of the coin have their real name, picture, and credentials. If there is no information, or if the team is anonymous, stay clear. There is absolutely no reason for a competent startup team to not include information about themselves on the website or any other company website.

jone sonie

newbie

Activity: 67

Merit: 0

For my perspective, when investing in any cryptocurrency, it is important to identify the core features of a project that differentiate it from every other coin on the market. The best example to prove this point is by looking at Ethereum. Ethereum’s focus was not only to become another digital store of value. Instead, the founder realized that the same technology used to perform transactions digitally (the blockchain) can also be used to transfer data and information.

Haleytyr

newbie

Activity: 90

Merit: 0

If I were you, I would check cryptocurrency websites to assess which coins are most promising. In terms of their potential to be adopted as a currency, that is. In fact, this method can be used to estimate the “intrinsic” value of each coin, once it reaches a certain level of adoption, by using the quantity theory of money.

Shanley

newbie

Activity: 86

Merit: 0

Honestly, the white paper is by far the most important determinant of a project’s seriousness. It should be comprehensive, thorough, and explain the technology and purpose of the coin well. Other assets can include videos, blog posts and other contributions from the team.

Seward

newbie

Activity: 82

Merit: 0

I think you should look at the team’s composition for expertise and experience in the industry. Every real project will publish a short profile of each member, their history and individual role. A big team full of veterans is favorable.

zafmine

newbie

Activity: 121

Merit: 0

The basis for me to determine if it is good or not is its volume. Because if it has a low volume then there's only few people who patronize it and the sell & buy orders is tenuous. Next is its voltality because the less voltality the less profit you'll get.

ronaldo_oc

newbie

Activity: 127

Merit: 0

Cryptocurrency ranking is one of the best places to start tracking the development of all coins. The position depends on their 24h volume, liquidity, market capitalisation, developer activity and price. And CoinMarketCap is one of the most reliable and easiest platforms to use.

crazymelons12

jr. member

Activity: 238

Merit: 4

I think it would be good if to select the coins that have already made a good market for itself if you are just trying to buy and sell coins. The reason for this is that buying unknown coins is a sure gamble. I have heared many have been so unhappy about the results and they ended up losing. Had they chosen a good known coin they should have made a good profit out of it.

babsjoe

full member

Activity: 490

Merit: 100

If a coin has a very skillful and capable developer or developers and there is niche where such coin is needed, and the capacity of such coin to solve tge problems is not in doubt with reasonable supply of the coin, then such a coin is a good coin.

sinhlyshpt

newbie

Activity: 128

Merit: 0

1. Check chart see how it has performed overall
2. Read whitepaper
3. Join support channels and make sure they are responsive and active
4. Research TEAM
5. Make sure it's opensource and monitoring activity, see that they are actively working on improvements, bug fixes, feature request
6. Check and confirm roadmap and make sure it has realistic goals set in place

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