Topic: How to know which coins are good? - page 129. (Read 13320 times)

There’s a lot of talk about buying crypto these days; and we are in the infancy stage of a new emerging industry which means there’s money to be made.  Sadly most of the stuff you hear is all based on speculation; no one is willing to share with you the tricks and strategies to get going the right way.
Many people say you have to look at the circulating supply and market cap, look at the team behind it, what they said the coin is about, come up with a personal decision does this make any sense, you need to review who is behind the audit on the smart contract, do they have other projects as well, maybe coins/ICOs, is there a specific purpose a so called utility for the token or what not.

I bet if you are new to the world of cryptocoins and bitcoin, the above info just made your head feel like its going to explode. It’s OK TO BE CONFUSED!  I bet you are thinking, yea I can look at all that info, but how do i understand it, interpret it… ultimately HOW DO I PICK WHICH COIN TO BUY?

I don’t recommend crypto for most people, because its way more stressful than affiliate marketing – after all its speculation… but if you do want to buy, there’s a much simpler way I used with great success thus far. I’m no big investor; hell im a newbie who until talking to a nice guy that knows crypto inside out thought this isn’t for me… but after getting the 101 i decided to get involved, for fun with money I don’t mind losing.
If you want a buy a coin, research it by looking at how many nodes are using it. WTF are nodes Attila? Node refers to a “full” client. A “full” client is a client that owns the block chain and that is sharing blocks and transaction across the network.  You want to find a coin where lots of people use it and the market cap is undervalued because then you have a higher chance of it going up if you hold it.

For example, coin is valued at $29 million, but 10,000 nodes (wallets) are being used. That means, 10,000 people use this coin, and total value is at 29 million.

VS – a coin that has a super high market cap (market cap is btw, the current price of the coin multiplied by the total number of coins outstanding — so if there’s 10,000 coins outstanding, and the current price is $1, then the market cap is $10,000) — lets say you have a coin that is market cap at $29 million, but it only has 123 nodes, that means only 123 active wallets use this coin, and they control all of that 29 million. This could mean investor pump n dump maybe? RISK analysis = higher.

Some good resources for due dilligence:

You can check the coin’s node count right here -> https://chainz.cryptoid.info/

You can also check out https://www.cryptocompare.com/ to see what kind of social buzz, and other influence the coin has all over the place like news, websites, blogs, how many people are talking about it, this is like a SPY TOOL if you will on the interwebs pulling in lots of intel.
TIP: You don’t have to dive in deep and spend money right away investing; you can play a game. 

Pick 10 coins today based on the info on how to find a coin I just shared above and write down in an excel the details of the coin, total nodes, price right now, then hold it.

This is a game, where you pretend you purchased these in real life, review your results 24 hours later, what happened and write down your observations.

-Did the coin go up or down?
-If it went up why?
-If it went down, why?

You can really learn a lot by applying this basic method I gave away above to build your own strategy and do super well.

Good luck

certainly there are many factors that affect the coin whether it will be good in the future. but for the short term it should have a good team, you can read the whitepaper.

No one can predict, but you can use some information to judge its potential, such as the team, project ideas and the like

By checking the charts or graphs,  you can learn some ideas how that coin has been performing throught the years,  months,  weeks or days.  Or you can check some comments in twitter with the professional analyst.

There is long reputation and reputation in the market. Good analysis. Make sure you make the right investment.
Read the forum sites, follow the people who have been in this market for a long time.

A full research on their team, whitepaper,hard cap and soft cap if its attainable and if the project idea looks solid and promising plus if it have a physical product its a plus too. You just need time to examine and research the good coins to hold its on your own what you need or token that you will buy.

a good coin has a team of developments that are reliable enough to overcome the problem of an erratic market wave. this can be seen from the coin's stability when the market goes down. such as Bitcoin.

Reading a whitepaper can help you in choosing a good coin, if you do not quite understand then look at their community and the active role of the coin developer, I think that a good coin is a coin that has teamwork and support that can be trusted eg providing updated information and exactly as they plan on the roadmap.

a good coin is a coin that has a high interest and price. and usually, they remain stable when the market situation decreases. and this is rarely encountered on any coins. but there are some coins like that.

Everytime you invest, you must read and evaluate their whitepaper because that is the way to know if the coin you are investing is worth it. But if you think that their project doesn't have potential at all then it is up to you if you will invest or not. Just always read the whitepaper and do some background check.

You can visit: https://icorating.com/
Personally, i usually look at the person/team who is behind a coin and make some question as are they still running? How is the outcome? Do they have good reputation? If all the answers are “yes”, then you can believe that particular team is proficient and worth to invest in.

First of all you research on :-

Read whitepaper
 
supply for the coins

Operational transparency

Crypto-sale resiliency

Reading whitepaper is a must.

Also look up the team members - google them and see if they are connected to scams in the past.

Try out their platform if they have one.


Look if their coin / token has practical value and what are advantages in comparison to competition?

Read their whitepaper first,
Total supply of the coins.
Price of the coin.
Any products they are running already or strategic partnerships with well-known coins.

To know which coins is good, it is better to check the system and platform that they have. Read their whitepapers and roadmaps as well.
Gather information in the internet if they are good to use in trading and seek what are the difference of it in the other coins.

it's not easy to choose the best coin.If you know the price information then you get more ideas before invest and check the prices. do also research on the coins and determine whether the coins are worth investing by reading the white paper, Check the business model. And verify the team members and advisors, speak with other people what they think about the project.. Join in there group conversation and Look for their roadmaps and also know the people behind this coin,

You need to lot of hard work and that you need to study a lot regrading all the coins which are there and that based on the demand as well as the market value of all the coins, you can decide the coins which you think are the best coins for the sake of investing your money.

You can also take the guidance from the experts as well as the ones who are there into it since long period of time as they know better regarding the ranking of the coins.

Always when you invest money in any project, always try to study it well. See what people say about it, whose opinion is authoritative for you. Look at the product and its prospects. Also look at the development team, because the success of the project depends on them. After analyzing all of this information you will be able to choose a good coin for investment.

This sums up for every coins.
You need to know who are behind the project and what the project aims to achieve.
How realistic and feasible is the product/service they are making and is there sufficient market for it.

too difficult in choosing a good coin or token. but my friend always chooses coins or tokens that have fluctuations or rapid up and down movements, with high price and low price having large interval spacing. (Its rekomended for trading I think).