Topic: Looking to invest in Altcoin !! Check this !!! - page 3. (Read 611 times)
Its awesome that you have an ebook on etrading. More and more people are becoming a part of the crypto world, and would be so grateful for the right guiding literature, as is obvious by the responses here. Really helpful gist, thank you.
Initial Research:
The initial step is to investigate our convenient Coin Market Cap. Coin Market Cap ranks crypto currencies . All the market information gave by Coin Market Cap is essential. But there are 4 points you need to know about. Go to their website or thread. Collect these information.
-market cap
-price
-circulating supply
-volume
Some Social Research :
When you get a handle on the use of the coin and the group behind it, see what individuals are discussing in connection to the coin. To do this, tap on the "Social" tab in Coin Market Cap. You will see tweets and reddit posts talking about the coin. Scavenge through these and do your statistical surveying on how different brokers feel about the coin you need to put resources into.
Wow Amazing information. I never followed any of the above ways before investing an alt coin. But think from now on, i will obey these. As per my concern the social research criteria is one of the most influential fact after the four initials. Thanks man.
Key TO Find Good ALT COINS
*TECHNOLOGY - There are a lot of coins who are using similar technology and copying others, it's better to invest in those who try to do stuff differently.
*INNOVATION - Invest in those coins who are adding something new in Cryptocurrency that will make the transaction easier or add value to coins.
*TEAM & Developer - Team also play a vital role in deciding the future of coin, a good team can do a lot of stuff, don't forget that bitcoin is developed by single person
*COMMUNITY - Last a good community can help in promotion, a good project help in building the audience by giving support to the new member who is facing any problem.
Total supply is important don't invest in a coin with unlimited supply because such coins have no future or very less chance they will gain popularity.
Check website, Check all social links,
If you see any project have potential then don't forget to spread the word, because it will help other to take decision
*TECHNOLOGY - There are a lot of coins who are using similar technology and copying others, it's better to invest in those who try to do stuff differently.
*INNOVATION - Invest in those coins who are adding something new in Cryptocurrency that will make the transaction easier or add value to coins.
*TEAM & Developer - Team also play a vital role in deciding the future of coin, a good team can do a lot of stuff, don't forget that bitcoin is developed by single person
*COMMUNITY - Last a good community can help in promotion, a good project help in building the audience by giving support to the new member who is facing any problem.
Total supply is important don't invest in a coin with unlimited supply because such coins have no future or very less chance they will gain popularity.
Check website, Check all social links,
If you see any project have potential then don't forget to spread the word, because it will help other to take decision
Why these good posts get less views. I saw thousands of old post just bounce back for no reason. We need to draft these kind of post to store . Please admin and moderator i urge your attention for this. Anyway good post i will save this and will follow every steps from next time before investing.
I think your right, users who post to give ideas on how to invest in Alternate coins should be given much credit. Rather than following the mainstream post of other users. It is much better to promote this kind of post other than less useful ones.
When you research investment details, your idea begins create. At the end, you should give a decide which altcoin i must invest. Important thing is investment, taking decisions with yourself. Its my words. Thank you for post.
Check and nothing new ,what would i dont know.
The approach is correct, but as long as you check all this, it can change so that you change your mind. It can be better to trust people and watch the most active projects on the market with the maximum number of investors and support from developers.
Yes maybe it changes it depends upon on how to manage the developer on their project or after ICO ends their gone.We need to look up the OP post it was very helpful to us as a investor here in crypto.
But there are 4 points you need to know about. Go to their website or thread. Collect these information.
-market cap
-price
-circulating supply
-volume
These guides are all correct we must look at these first before we invest on ICO's project.-market cap
-price
-circulating supply
-volume
Great idea it is very helpful for those newcomers who want to invest in the project they've choose.
I apply these research when i want to invest in ICO project.
A very nice and informative information which is very much helpful not just for newbies but also for those members are still not very familiar yet with cryptocurrency investments. One of the factors I consider most is to check and observe the price chart history where you could know the progress and movement trends of a particular coin. With this, it can help you decide what coins you will consider on your investment.
The approach is correct, but as long as you check all this, it can change so that you change your mind. It can be better to trust people and watch the most active projects on the market with the maximum number of investors and support from developers.
Yes maybe it changes it depends upon on how to manage the developer on their project or after ICO ends their gone.We need to look up the OP post it was very helpful to us as a investor here in crypto.
But there are 4 points you need to know about. Go to their website or thread. Collect these information.
-market cap
-price
-circulating supply
-volume
These guides are all correct we must look at these first before we invest on ICO's project.-market cap
-price
-circulating supply
-volume
Great idea it is very helpful for those newcomers who want to invest in the project they've choose.
I apply these research when i want to invest in ICO project.
The approach is correct, but as long as you check all this, it can change so that you change your mind. It can be better to trust people and watch the most active projects on the market with the maximum number of investors and support from developers.
OP, you must add that the altcoin should be listed in good crypto exchange. If not then it's useless. Many people only do trading in good crypto exchange.
-market cap
-price
-circulating supply
-volume
i really appreciate the post and information you have shared here.
But could you suggest more sites to find out the real value of these four points of any altcoin. Thank you.
you can start from the site coinmarketcap.
i will choose an altcoins with active development and community is very strong
and don't forget about the feattures inside mate,,
and don't forget about the feattures inside mate,,
This is good post man, Thanks. I was also thinking of making this one for myself because having no formula to start with would be so hard and would just result to loss of investments. Ill take this one, Thanks man.
-market cap
-price
-circulating supply
-volume
Hey AWESOME post. I just followed your each steps today before investing and have a strong feeling that i will win. But could you suggest more sites to find out the real value of these four points of any altcoin. Thank you.
Nice post. The diversification is the key for profitability. I have also been reinvesting lately into some promising new projects. I think I am gonna take your advice besides making my own due diligence.
You can also take a look on this post:
https://www.reddit.com/r/CryptoCurrency/comments/7r4vlc/why_we_wont_have_a_long_term_bear_market_and_how/
Great artical about cryptocurrency share by you! we can know many more from this artical! but I always choose famous cryptocurrency coin which are most dependable and stable something and promising. and yes research is the best way of knowing unknown subjects I also going to research first before investment my assets. You can also take a look on this post:
https://www.reddit.com/r/CryptoCurrency/comments/7r4vlc/why_we_wont_have_a_long_term_bear_market_and_how/
Why these good posts get less views. I saw thousands of old post just bounce back for no reason. We need to draft these kind of post to store . Please admin and moderator i urge your attention for this. Anyway good post i will save this and will follow every steps from next time before investing.
Nice post. The diversification is the key for profitability. I have also been reinvesting lately into some promising new projects. I think I am gonna take your advice besides making my own due diligence.
You can also take a look on this post:
https://www.reddit.com/r/CryptoCurrency/comments/7r4vlc/why_we_wont_have_a_long_term_bear_market_and_how/
You can also take a look on this post:
https://www.reddit.com/r/CryptoCurrency/comments/7r4vlc/why_we_wont_have_a_long_term_bear_market_and_how/
Hey Guys , How are you all ? I was confused in choosing different Altcoin for start trading . I researched online few days and got some clues and That's why i decided to write a speedy introduction to pick which altcoins to put resources into, roused by the inquiries we get from our individuals. Lets Start>>>>>>>>
Initial Research:
The initial step is to investigate our convenient Coin Market Cap. Coin Market Cap ranks crypto currencies . All the market information gave by Coin Market Cap is essential. But there are 4 points you need to know about. Go to their website or thread. Collect these information.
-market cap
-price
-circulating supply
-volume
- Market cap is simply the price multiplied by the circulating supply. Market top is essentially the cost duplicated by the flowing supply. In traditional securities exchanges, higher market cap securities are less risky, however unintentionally give less ROIs.
- Lower advertise tops are more unsafe, yet take into consideration more noteworthy ROIs. It's additionally great to recollect the essential financial aspects on supply: the higher the supply, the lower the esteem (and the other way around).
- The circling supply is characterized by Coin Market Cap as "the best guess of the quantity of coins that are coursing in the market and in the overall population's hands." This bars coins that can't be utilized or exchanged. At last, volume is the dollar measure of a crypto exchanged a timeframe (24 hours for this situation). Think about every one of these variables when searching for a coin that you need to put resources into that will develop in an incentive after some time.
A Real Scenario and Suggestion:
- For instance, suppose you needed to put resources into XXX.
- The primary thing you ought to do is go to XXX's site and read what they are putting forth. THIS IS THE MOST IMPORTANT STEP. You have to make sense of what's so incredible about the coin you're going to contribute.
- Don't aimlessly put resources into something because of another person's suggestion.
Do your own particular research and pose vital inquiries like:
- What problem is the alt coin providing a solution for?
- What value is it adding and who does it affect the most?
- Who is the team behind this coin and what are their credentials and motivations?
Some Social Research :
When you get a handle on the use of the coin and the group behind it, see what individuals are discussing in connection to the coin. To do this, tap on the "Social" tab in Coin Market Cap. You will see tweets and reddit posts talking about the coin. Scavenge through these and do your statistical surveying on how different brokers feel about the coin you need to put resources into.
Then, of course, the last step is to read the charts. We have a separate thread for how to read charts and chart patterns, and the subject is covered in much more detail in our e-book, Getting Started with Crypto Trading. Following these steps should allow you to make informed investment/trading decisions, rather than just blind hope or luck.
Guys please post your ways of finding good Altcoin to invest. Thank you. Hope you liked.
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