Topic: How to know which coins are good? - page 130. (Read 13297 times)
a good coin is a coin that has a high dollar value, and the market is always changing change and its marketing is always outstanding and in popularization by bitcoin treder.
What I'm doing to know if the tokens that I'm going to buy is good or not is based on their volume and the circulating supply, and also of course I'm analyzing the graph on how the prize fluctuations happens. Mostly the good coins that you need to buy is Ethereum, Monero, Litecoin, and Ripple, this are the top 4 coins that I suggest you to buy, they are worth holding in the long run.
Read their whitepaper!
Yeah. That simple. You look at how unique their project is and how the community would benefit from it. Then next is the team behind it which is really important if they're legit or not. And you can add a little bit of extra research about it.This is very true! The whitepaper determines how serious the crypto project is. It explains the technology and tells the purpose of the coin. It tells about the asset. Check also the community, because it is a crucial indicator of the coin's potential.
Although you're right, most scam icos can now imitate a good whitepaper... I am constantly thinking about some ways to automatically moderate these icos but so far, nothing comes up. People should read about these topics and see the scams themselves... We can't help it but see the scammers walk away with the money they gathered most of the time
I have an advice for judging an ICO project, which is based on these 4 standards:
- Startup characteristics
- Operational transparency
- Crypto-sale resiliency
- Business model relationships
- Startup characteristics
- Operational transparency
- Crypto-sale resiliency
- Business model relationships
I think it is much better to evaluate a coin/blockchain the way you evaluate a startup -- you assume the starting point is a starting point, not an end point. Crypto buyers, it seems to me, evaluate a white paper like a final product, and that is where they go wrong.
If you want to evaluate opportunities that way, here are four things to consider.
-Team
-Vision
-Scope
-New vs. Existing Market
If you want to evaluate opportunities that way, here are four things to consider.
-Team
-Vision
-Scope
-New vs. Existing Market
if you're asking about cheap altcoins then, first read about them, their whitepapers, team etc. Then analyze price charts, if you find that this crypto has nice tech with damn cheap price. Just buy & hold for some time. When it goes high sell it. Remember, it's not easy. Mostly, it depends on luck. A single good news can skyrocket your damn cheap altcoin to high prices.
Potential of a currency depends on 4 things:
#Novelty of Idea
#Supply of Coins
#Current Market Cap
#Market Adoption
So research the coins you would like to invest, and make a informed decision.
#Novelty of Idea
#Supply of Coins
#Current Market Cap
#Market Adoption
So research the coins you would like to invest, and make a informed decision.
The criteria i'm using to evaluate coins are:
1. Technical & monetary rules innovation
2. Its development activity
3. The strengths of its community
4. Some figures like: trading volume, market cap, liquidity
5. Public interest towards the coin
1. Technical & monetary rules innovation
2. Its development activity
3. The strengths of its community
4. Some figures like: trading volume, market cap, liquidity
5. Public interest towards the coin
Yes i am totally agree without about the figures. There is no point holding thousands of dollars worth of an altcoin if no one is trading it and there is very low chance of exiting your current position in the market. Also, coins with low market capitalization can be easily manipulated by people planning to organize pumps and dumps tricks. One may lose a lot of money if susceptible to the lies that these people push out.
I think these questions are essential, you have to ask yourself before making an investment decision:
What is the coin trying to accomplish?
Does this seem practical? Do I think it has a place in the real world?
Their road-map to accomplish it?
The Team involved in developing it?
Where can you purchase it?(basically being listed on a reliable and a high volume exchange and widespread use is one of the most integral things for a coin to achieve)
What is the coin trying to accomplish?
Does this seem practical? Do I think it has a place in the real world?
Their road-map to accomplish it?
The Team involved in developing it?
Where can you purchase it?(basically being listed on a reliable and a high volume exchange and widespread use is one of the most integral things for a coin to achieve)
The criteria i'm using to evaluate coins are:
1. Technical & monetary rules innovation
2. Its development activity
3. The strengths of its community
4. Some figures like: trading volume, market cap, liquidity
5. Public interest towards the coin
1. Technical & monetary rules innovation
2. Its development activity
3. The strengths of its community
4. Some figures like: trading volume, market cap, liquidity
5. Public interest towards the coin
This is good to know which are good coins before investing,First of all know about the market capture and thoroughly research of white papers it will clarify how long it will survive. Competitive team behind is major strength of any coin if strong team behind it mean coin is stable and worthy.
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
Thank You
Best of all read the project, road maps and tendencies. Doing it, you easily define a way to coins if he is successful or not. It is better to watch bad news and FUDS as it, certainly, will affect the prices of coins, it will depend on you as you will use them.
Technological innovation. If it really is, and not just written that there is, then the project will definitely cost a lot of money
First of all we must bounty or airdrops. In main times, bounty and airdrops is the best project to get coins. In addition, after we joined the bounty or airdrops we can get a good coins. But, before we will join that, we have to read the bounty or airdrops. We must read the date about the bounty or airdrops to get a good coina. After that, should read the how to joined it and how to work this project. Then we can get a good coins if we work the project with the sure. So this is my opinion about the how to know a good coins.
first of all i look for everything about that coin in white paper,next to social media and any groups that they discuss about that coin.
For this purpose you have to conduct extensive research,have to analyze it in all respect,observe its charts on daily basis,observe price and quarter,semi,annual base,development team,also check whether developers are updating it or not,core idea of coin,marketing strategies,technology behind it,there are all parameters which must be considered while proceeding for investment in any coin.
I think you can determined whether the company that you cwant to invest is good or bad through their proposals in whiteapaper since it is the background of other companies for all overview.
You must carefully study the project before buying a coin. Never buy coins with a weak idea. Most likely they will not be successful. And a team of developers should be very strong.
i usually look at number of followers on groups that they discuss ab a coin, if it is big, i will find out that coin. who make it, make it for what ..etc... anything i dont understand.
Read their whitepaper!
Yeah. That simple. You look at how unique their project is and how the community would benefit from it. Then next is the team behind it which is really important if they're legit or not. And you can add a little bit of extra research about it.This is very true! The whitepaper determines how serious the crypto project is. It explains the technology and tells the purpose of the coin. It tells about the asset. Check also the community, because it is a crucial indicator of the coin's potential.
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