Topic: Strategy in selecting the correct altcoin to invest in (Read 319 times)

First, choose smaller market value tokens.
Second, look at the white paper to see if the token has a future.
Third, buy when the cryptocurrency investors are in low spirits..

I personally check to see if the ICO is on ICO Bench and if it's got good or moderate ratings I proceed and due my own reserch on the project.

Thanks for the detailed reply! Yes, I agree reading the white paper is important but it basically is a plan, they also need to follow the plan, right?

Also, if you wait to see the plan being put into practice it may be too late.

P.S. If would have any sMerit I would have sent it to you

I'm looking for real world usage, some benefits of holding(dividend/utulity..) with team that has capacity keep the promises

Before investing in an altcoin or cryptocurrency, I look at some factors such as:

*Whitepaper
*Roadmap
*Team (must have real social media accounts and pages plus videos about them)
*Advisors
*Project concept

However, in the world of cryptocurrency, everything is unpredictable and highly speculative. We may not know if it will pump, dump or just stabilize between $XX to $XX, but just invest what you can afford to lose.

Not all cryptocurrencies or ICOs could guarantee you success. If it pumps high, that's good and you can sell some to reinvest to other altcoins. However, if it dumps, it's an opportunity for you to buy more at lower prices (think it's like a FUD sale).

I hope some of you took notice of this yesterday as its doubled. now at 18sats.
Another bit of news is that the coin has been accepted by a main exchange which means it will also appear be on coinmarketcap.com.

The choice of a coin depends on too many factors. If you are willing to take risks and want the coin to make some Xs choose a coin with a small capitalization. Beware - this is a big risk.

it's important you know what's good to buy and you should buy and sell. enters fundamentals and technical analysis. But in crypto, more on technicals you can expect. You should learn to read the chart using technical indicators such as the moving average, this is one of your starting price. It's also important that you set your target price and your stop loss so you know if you sell.

I don't care it's minable or not , I also like active dev team ,active community.Better there is a famous people behind that project .

        well personally, things i do to make sure that i am investing my funds into a great ICO are looking at their website, their social media accounts, their telegram activities, their ann thread, their advertising strategies, roadmaps, and white paper. i also go and try to make sure the developers are real humans and have legitimate claims about their educational attainments and experiences. i go and research every background of every developer. to know if they are really qualified to be doing the jobs that they have in their team. of course, being minable and having a small supply is a plus but, that really isnt what i focus on when i invest.

Many people say read whitepaper, Trust me white does not tell the whole story. I seen crap coin with great whitepaper and plan, but are they able to execute the plan? That depends on development team, and look at the company background, will they able to spend money on their employee? will they able to hire best developer? Do they have marketing team? What is their social presence? Do they have any activity on GitHub? How often they update their wallet and do they share information with investor?

All these question is very important for a investor to look up. If it's satisfy you then it is the best coin to invest:)

There is no universal means for this

if i usually look at its sosmed.
is it active every day ??
see also in its whitepaper, coin is intended for what and has applied yet...

I am new but this is what ive learned to look at. first i look at what place can that ico serve in the market. Is there anything unqiue they offer? Also the supply and the market cap are something to consider. if something has a relatively small market cap and supply and i like what they are offering, i feel its worth the investment. It has a greater potential to grow.

I wrote an entire piece dedicated to having a plan before you invest in an altcoin. Here are the key points that I truly believe you MUST follow before you invest to truly have a decent idea of what you are doing.

Look at the website.
Your first impression of the coin is how they present itself to their customer on their website.  Take a holistic approach and read over the whole site.  Does it appear someone just threw it together?  Does it read well and make sense? If the answer to any of these questions is no then you should immediately start taking note something is wrong.  They want people to believe in the tech and vision for millions if not billions of dollars but cant take the time to make a proper website.  Tread carefully!  However, if the website seems legit then just take note of what you liked about it and continue on.

Read the whitepaper! I'll say it again READ THE WHITEPAPER! 

This should include what the coin is trying to solve and how they are going to get there. Understand the plan the developers are trying to accomplish.  Does it make sense? Does it seem attainable or is it full of fluff and buzzwords? There are so many white papers that are just copied versions of other coins with a few tweaks.  After you read a few you should be able to identify this and is another sign maybe you should stay away.

If the whitepaper makes sense then you have two great signs! Next, you should look at the roadmap.  It should align with what the whitepaper discussed and give milestone that the project is trying to accomplish  Have they met these goals? Has the roadmap been updated if they have or haven't met those timelines?


Examine the forums

Look at the market trends/volume for the coins.

Never invest more than you can lose.

More details on all of these points can be found at the article below.


https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/

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to put of decision as might to collects with the spare on parts with submission on commitments as displacing unit of resource on exchange to recalls with the displacement.

The purpose of the token is what draws people into the coin. If there is no purpose for the coin then the price of it will be really low.

I always look on the purpose of the token. A token which will popular to the community because of its functionality. Also tokens which have their own application is a very good lead, this means they are more secure and more trustworthy to invest in but then it all goes down to how much the ICO will perform and promote the token.

They say 2018 will be the year for the privacy coins and i like Turtlecoin (TRTL). Just over a month old and only started trading on its first exchange, tradeogre.com a few days ago. Current price on tradeogre is 9sats - was 1sat earlier this week when it got listed.

Its easy to mine  - if you have a decent GPU you should be able to get 20K coins per day. A lot of folks are throwing nicehash power at the pools recently so mining payoff on your own GPU has come down a bit.

https://turtlecoin.lol/

Have a read of the website and head over to the discord group where you will find a lot of friendly people to help you out with any questions.

https://discord.gg/MqArNGV

No ICO, No premine, no shenanigans.

Guys, I've been highlighting this coin all week and i hope some for you got in at the 2 or 3 sat level. There are some upcoming items for the immediate future:

Official ANN here
Whitepaper

Also the founder of the coin did an interview with Kevin Rose - you can listen to the podcast https://blockzero.simplecast.fm/

DYOR and Good luck.

Most of the time, I would first look at their white paper and technical route, which is the first point, because only when I understand this token, then I have the confidence to hold it for a long time.
Secondly, I will observe the popularity of their Telegram group, because only enough people keep the eye on this project to further increase the price of this token.