Topic: Too many altcoins - page 22. (Read 1760 times)
On the one hand it's even good) With so many companies. More companies = more choices!
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
Just proper screening and look for the larger community. The more people involve the longer it would run in the market.
Each project is part of a large infrastructure that we build every day, but as we all understand with you, sooner or later they will have very little of what is normal, after a while most of them will simply disappear.
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
Its simple.
My screening starts with the ranking of crypto currencies in the CMC. This website sorts out the rank according to the market capitalism and volume (24 hours) that is received by the coin. This way, the more the market cap the more is the rank and thus as an example, BTC is #1 because it has the greatest volume of all and market cap too.
Thus, I will choose Top 100 first so that I wont get confused with the rest 1500 coins in the market. These 100's at least ensures that they will not be dead anytime sooner than others.
After this, depending upon the current development, roadmap status, the coins which are on track, ahead of the time will get another preference. They come up.
Likewise I decide to go for altcoins. It makes it far easier.
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
If I would analyze first to know if the coin meets the criteria as alcoin, as for how to analyze alcoin below:Some of the ways to analyze it:
Check out the team from the Altcoin developer, whether it has validated business experience and track records. (See also the WhitePaper).
If it turns out the developer scam, surely they are finally looking for ways to avoid being caught, so it must be hidden or even use the fake team team.
For a barometer of market development a coin can be seen in Crypto market, for example at https://coinmarketcap.com/
For the token barometer can be seen at https://tokenmarket.net/
read github and you ll figure out that there's not so many ongoing projects actually, worth the attention
There are so many altcoins that it's impossible to do proper research on all of them. So i rely on a couple of sources to get ideas and information from.
I will do my own research from there on. I don't have the time for trading so i keep a bag of the projects i like. Besides that i think that the ICO system is responsibly for the wild growth of coins, everybody wants a piece of the pie, it's easy to collect money fore funding a project or conducting a scam.
Regulation will put a halt to this although the damage is already done imo.
Good luck
On point mate! That is one fact. You cannot even do research on the first 100 on CMC without getting worked out but the good thing about the digital age is that people always share information on their investment which other investors can easily tap from and make further research. It is always good when one is confused by starting one's research on google on coin to invest in for that particular year, and there would be a lot of topics, which will guide one but it is important to always do further diggings as some may be paid articles, so, the necessity to check the team, product available and so on, should not be discarded. I will do my own research from there on. I don't have the time for trading so i keep a bag of the projects i like. Besides that i think that the ICO system is responsibly for the wild growth of coins, everybody wants a piece of the pie, it's easy to collect money fore funding a project or conducting a scam.
Regulation will put a halt to this although the damage is already done imo.
Good luck
I think for speculation holding my suggestion we hold popular coin that was have name at many market..like eth ltc..their price will follow rate from bitcoin..and i belive if prico for bitcoin will up..eth ltc will go up too..but how strong you can hold you balance since peice of bitcoin down
You just have to be smart with your decisions, that is all! You just have to choose few of the ones you believe in and hold on to them. The thing is you cannot choose everything and there would be some times you will end up missing even some good projects which you wish you would have invested in earlier, but as long as you are always putting your eyes and ears around to see what people are talking about, then you can use that to make some further research to know what you want to invest in or what you are not yet investing in.
For an investor in this space, you just have to never stop reading and doing some research once in a while but knowing that, trying to catch everything at the same time, can end up getting your hand burnt.
sscam altcoins and icos are, of course, a proble,m, peopeo who are responsible for it smust be punished, though i do not know how to find them For an investor in this space, you just have to never stop reading and doing some research once in a while but knowing that, trying to catch everything at the same time, can end up getting your hand burnt.
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
I do not think there is a term like too many altcoins. Is not it greatbto have a choice? too many scam altcoins should alert us more
You just have to be smart with your decisions, that is all! You just have to choose few of the ones you believe in and hold on to them. The thing is you cannot choose everything and there would be some times you will end up missing even some good projects which you wish you would have invested in earlier, but as long as you are always putting your eyes and ears around to see what people are talking about, then you can use that to make some further research to know what you want to invest in or what you are not yet investing in.
For an investor in this space, you just have to never stop reading and doing some research once in a while but knowing that, trying to catch everything at the same time, can end up getting your hand burnt.
For an investor in this space, you just have to never stop reading and doing some research once in a while but knowing that, trying to catch everything at the same time, can end up getting your hand burnt.
Yes are absolutely right, too many altcoins in the space, some with good intentions and well thought out solutions to problems, some are pure scams. But with research, you can easily decipher which ones are serious and which ones are just out to scam people of their hard earned money.
Having plenty of choices in the market, The value of bitcoins are getting sour because of competition, There must something to do, to regulate the the flow of coins in the market, It is very hard to select which one has potential because of fast spreading of coins. The worst if you choose the fraud type of coins.
I choose the most popular projects.So the least chance of losing your money. They have already been tested and are popular with the community
The most important is a unique technology that no one else has. Then there must be a team of honest and decent people who have proved this by their actions. And the coin has to be on the market for a long time.
With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
Personally, I prefer only coins that have liquidity, and which are on good exchanges. The remaining 70% of the market is a lottery. Maybe those coins will sometime grow, but more likely they will just disappear
Because of too many altcoins showing up everyday it gets harder and harder to find a good investment, except this a significant amount of money is invested in scam projects mostly ICO's which cause dump on bitcoin and put overall market in minus. I guess you should just look for older projects where devs continuously have updated their code and helped community along, since they are more trustworthy and less riskier than investing in any ICO or new project.
I agree, there are many altcoins in the crypto market this days and for me, I think it is considered a healthy environment for cryptocurrencies due to the emerging ICO's participating. This is also a good opportunity for the bounty hunters to earn profit and as to how you would select your best choice of coins, you must have to study your coin choices starting with the price chart history data for your analysis. In my case, I think for now, I would have to prefer first on the existing alts ranging from the top 20 coin ranks.
I buy coins from then 10, because these coins have a good reputation and have long existed in the market, they do not give a very big profit, but this profit is stable and in the future these coins will increase in price
There are so many altcoins that it's impossible to do proper research on all of them. So i rely on a couple of sources to get ideas and information from.
I will do my own research from there on. I don't have the time for trading so i keep a bag of the projects i like. Besides that i think that the ICO system is
responsibly for the wild growth of coins, everybody wants a piece of the pie, it's easy to collect money fore funding a project or conducting a scam.
Regulation will put a halt to this although the damage is already done imo.
Good luck
I will do my own research from there on. I don't have the time for trading so i keep a bag of the projects i like. Besides that i think that the ICO system is
responsibly for the wild growth of coins, everybody wants a piece of the pie, it's easy to collect money fore funding a project or conducting a scam.
Regulation will put a halt to this although the damage is already done imo.
Good luck
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