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Topic: Is there anyway to tell how good a coin will do when it gets released? (Read 439 times)

sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
Its a toss up. A 50/50 percent gamble if you ask me. Same as playing dice. Of course you can research about the incoming coin as there will be information released about it, also there will be discussions on threads that you can look into as to what the developers are planning to do. Problem is, it can be a scam or it can be legitimate, we'll never really know for sure.
hero member
Activity: 490
Merit: 501
One of the reasons if not the only reason why many people are hooked with ICOs is the fact that once a certain coin hits the popular marketplace like Poloniex or Bittrex you can almost be sure that profits would flow. I am not saying that this can be true with all ICOs because certainly in any industry online scammers are always represented aside from those that just failed and would die naturally. 

That's why ICO buyers should do their own due diligence by researching and studying the documents presented by the people behind a new coin or token. Always listen to reviews and look out for scam accusations. Steer away from those being introduced via the traditional network marketing technique though you can still find some genuine in there.

I bought some coins from ICONOMI in their ICO last November 2016...I bought them low and the value is now quite good and I do expect that the value would continue to rise. Just recently I took part in the MobileGo crowdsale getting 75 coins for my $30 bitcoin and when it got into exchanges the value got tripled. Just last week, I bought some coins from LeviarCoin, Wagger and Polybius.

To be honest, there is no guaranteed pattern in analyzing an ICO so sometimes it is also hit and miss even if you are doing your research and yes there is an element of gambling in here well just like starting a business for that matter. As for me it is so far so good. 
hero member
Activity: 3080
Merit: 603
There are plenty of altcoins that would have made a huge profit if we invested into them when they first came out, however there are so many others that just fail. I know that this is just high risk <> reward, but is there any useful tips to make a decent guess as to if an altcoin is worth investing to when it is released?

ICO's are really collecting of funds and only few coins that has realistic plans on the usage of that coin. If you want to know if that coin will be useful or will be good after the crowdsale. Just read what are their plans for that coin but well it's hard to determine now because there are plans that are not being implemented and followed after the success crowd sale.
sr. member
Activity: 868
Merit: 256
There are plenty of altcoins that would have made a huge profit if we invested into them when they first came out, however there are so many others that just fail. I know that this is just high risk <> reward, but is there any useful tips to make a decent guess as to if an altcoin is worth investing to when it is released?

there's really no technique unto knowing whether it is worth the investment. Investment itself is a risk plus, the market fluctuates from time to time so you really cant tell the outcome. The only tip I can give is to gather as more info as you can regarding your investment. Read reviews, recommendations, legit articles, forums and ask advises before investing.
full member
Activity: 266
Merit: 103
There are plenty of altcoins that would have made a huge profit if we invested into them when they first came out, however there are so many others that just fail. I know that this is just high risk <> reward, but is there any useful tips to make a decent guess as to if an altcoin is worth investing to when it is released?

You can look at things like the quality of the developers and community around it, but to be honest it is essentially pure gambling to invest in these coins. Something like poker or blackjack is less luck-based than ICO investments. Anyone who tells you otherwise is purely speculating and cannot back their claims with any kind of data.
member
Activity: 127
Merit: 10
Not actually, most of the price fluctuations we observe after their release is very speculative and not happening because of the real facts.
sr. member
Activity: 420
Merit: 250
You have to know about the coin that how much will it be active in providing services. If it will be more used for merchants and services then it will bring more demand and it will go better. But many coins come to launch only for trade these coins often do not have much stronger bases because anytime the investors and traders throw them in the market. While if a coin have services then no one will throw them as they will care for their business.
legendary
Activity: 1106
Merit: 1000
Not sure here's right board, I think it should move to service discussion (altcoin).

Well I think first thing need to see is how the specific of the altcoin, how the coin distribution and how they do marketing. Also I think better to get into their community like group chat for example slack channel or forum.
sr. member
Activity: 504
Merit: 250
There are plenty of altcoins that would have made a huge profit if we invested into them when they first came out, however there are so many others that just fail. I know that this is just high risk <> reward, but is there any useful tips to make a decent guess as to if an altcoin is worth investing to when it is released?
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