What are the criteria for choosing altcoin

milewilda

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Quote from: KennyR on June 06, 2022, 05:19:12 PM

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Quote from: NewRanger on June 01, 2022, 06:52:39 PM

Quote from: Jose Mourinho on May 29, 2022, 10:40:40 AM

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

trading volume and listed in several major exchanges didn't guarantee it will be good project. only utility in ecosystem will create demand that will attract trading volume in market. when projects having great utiility , investors will trust to invest their money, so it wouldnot be pump and dump project.

Trading volume can't be an indicator to choose altcoins for investment. There are better methods to choose the higher ROI potential altcoins since trading volume can be misleading especially for new traders. Getting listed on major exchanges and demand by investors have to be first 2 filter before going for next ones, IMHO.

Trading volume too needs to be taken into consideration, because it is possible to see coins with much higher ROI, but when you go for the volume it'll be in few thousands. Getting listed on major exchanges adds more value to the project. Best part is the trusted assets that have got a minimum viable product. This is most important when choosing a coin, so that market won't experience a decline that easily.

One of the solid indications that you are dealing with the right project is the strength or support of the community via checking those volumes.Its really easy to have a high value for a particular coin
but its hard to maintain up its support for long term runs because the community isnt really blind on supporting on something which is totally shit thats why its important on considering on
checking this information whenever you do intent on investing or dealing with an altcoin.Some are overrated and some are undervalued and that decision of yours would typically be depending
with your own research and knowledge on dealing up with things.

KennyR

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Quote from: NewRanger on June 01, 2022, 06:52:39 PM

Quote from: Jose Mourinho on May 29, 2022, 10:40:40 AM

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

trading volume and listed in several major exchanges didn't guarantee it will be good project. only utility in ecosystem will create demand that will attract trading volume in market. when projects having great utiility , investors will trust to invest their money, so it wouldnot be pump and dump project.

Trading volume can't be an indicator to choose altcoins for investment. There are better methods to choose the higher ROI potential altcoins since trading volume can be misleading especially for new traders. Getting listed on major exchanges and demand by investors have to be first 2 filter before going for next ones, IMHO.

Trading volume too needs to be taken into consideration, because it is possible to see coins with much higher ROI, but when you go for the volume it'll be in few thousands. Getting listed on major exchanges adds more value to the project. Best part is the trusted assets that have got a minimum viable product. This is most important when choosing a coin, so that market won't experience a decline that easily.

sana54210

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Quote from: Bonenx14 on June 02, 2022, 04:45:23 AM

You should know that not all atlcoins listed on major exchanges are worth investing in, anyone has seen the damage to the luna coin because it was once on the top altcoin list and had high liquidity on various exchanges, but the luna price breakdown was the worst in crypto history this year, so we should consider investing in altcoins and should review them every latest news update.

I agree that we should be picking coins that are solid, but people not knowing Luna may crash is their own problem. Last year in 2021 there were a billion algorithm stablecoins that crashed because if you keep on selling it, and making money from it, the market can't recover it and all that money stored aside will not be enough, eventually there will be someone richer than the money stored who will keep on selling more and more.

Last year I was part of a project that had 30+ million dollars like that, and someone with more than 30+ million dollars came in and destroyed it and made money along the way and it never recovered. When you do that to UST, then Luna goes with it obviously.

RussianEnglishTranslation

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Quote from: Odusko on April 01, 2022, 05:35:17 PM

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

When the market is frothy then everything and anything can pump. That said, you don't want to get stuck with meme coins when the music stops. A better solution is investing in ISO20022 projects or the internet computer. You know, projects that are becoming the new industry standards and that will be adopted by enterprise, banking and governments.

Bonenx14

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Quote from: Jose Mourinho on May 29, 2022, 10:40:40 AM

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

You should know that not all atlcoins listed on major exchanges are worth investing in, anyone has seen the damage to the luna coin because it was once on the top altcoin list and had high liquidity on various exchanges, but the luna price breakdown was the worst in crypto history this year, so we should consider investing in altcoins and should review them every latest news update.

Inspiron14

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Quote from: Piesel on June 01, 2022, 01:07:31 PM

Choosing altcoin is not that hard of a task, since the coming of the alternative cryptocurrencies with the introduction of the ethereum blockchain, it has given birth to several projects and one of the easiest ways to pick some of the viable coins is in its long term goals as other comments suggested, look for a coin that has utility base because those are the coins that will exist in the market for long. But in doing that you need to put the risk factor into consideration, because one can not 100% predict the future of any coin, not even Bitcoin.

Maybe what you say is true too but it all depends on each person for me,
because if we see it in newbie traders or investors maybe they will find it difficult to choose altcoins,
This is where having knowledge is very important and of course it is obtained with a lot of experience and learning

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Quote from: typerex987 on May 31, 2022, 04:58:00 PM

I invest only in a long term projects
Point Network is a pretty good one, check this article
https://cointelegraph.com/press-releases/point-labs-releases-full-roadmap-to-web3-functionality

He is asking for criteria and not a direct project and if you are only here to spread this one I think you are in the wrong thread though it is a different thread for sharing.

Quote from: NewRanger on June 01, 2022, 06:52:39 PM

Quote from: Jose Mourinho on May 29, 2022, 10:40:40 AM

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

don't quote a post without anything on it because this will be a spamming and may affect your signature campaigning .

NewRanger

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Quote from: Jose Mourinho on May 29, 2022, 10:40:40 AM

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

trading volume and listed in several major exchanges didn't guarantee it will be good project. only utility in ecosystem will create demand that will attract trading volume in market. when projects having great utiility , investors will trust to invest their money, so it wouldnot be pump and dump project.

RockCryptoWorld

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Quote from: typerex987 on May 31, 2022, 04:58:00 PM

I invest only in a long term projects
Point Network is a pretty good one, check this article
https://cointelegraph.com/press-releases/point-labs-releases-full-roadmap-to-web3-functionality

Great article

Piesel

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Choosing altcoin is not that hard of a task, since the coming of the alternative cryptocurrencies with the introduction of the ethereum blockchain, it has given birth to several projects and one of the easiest ways to pick some of the viable coins is in its long term goals as other comments suggested, look for a coin that has utility base because those are the coins that will exist in the market for long. But in doing that you need to put the risk factor into consideration, because one can not 100% predict the future of any coin, not even Bitcoin.

typerex987

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I invest only in a long term projects
Point Network is a pretty good one, check this article
https://cointelegraph.com/press-releases/point-labs-releases-full-roadmap-to-web3-functionality

Jose Mourinho

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I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

typerex987

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Quote from: Odusko on April 01, 2022, 05:35:17 PM

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

I choose the project first!
I do the research and figure out If the project deserves my time and investing money!
LostWorlds for example, this NFT Platform is a must have now
LOST gives me some great vibes, let's see what they will come up with in the future

peter0425

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Quote from: marine4u on April 07, 2022, 10:07:05 AM

Quote from: peter0425 on April 07, 2022, 04:57:22 AM

Simply , never invest in something that you don't fully understand. thats it .

imagine you are called investor but you know nothing about the criteria? lol that is insane way of investing.

Quote from: marine4u on April 07, 2022, 01:08:34 AM

It is difficult to talk about criteria, long-term or short-term investment will have different selection criteria. For me, when looking at and participating in the basic investment in a project, trust will be the most important thing to stick with for a long time. The vision, meaning and utility of the project are part, a well-built community is encouraged. Of course, I think the current trend is DAO, and you will demonstrate that as part of the development process, the success of the project will consist of the development ideas being launched and built. Community, leaders will be the criteria for the DAO that I am really interested in.

wrong Trust does not there to save you, instead it is knowledge and capacity to choose, and also some part are instinct .

Yeah, I fully understand that. Thank you for the reminder. But what I mean is that some defi projects have DAOs that I'm interested in and are almost in a wrecked and dreary boat where you can't get out and that's how I accept as a trade-off.

Quote

but for now? forget about putting money inside crypto.

For me in the dry, negative now is an opportunity for DCA or accumulation. This is not a time for weeping or whining, but a time for assertiveness i think

Oh I See , i thought that it is about just trusting , but DAO is really a good project till now? because it seems to be DAO is losing faith now and seeing some bad things for their investors .

I will stand to that Instinct will help us save our funds nowadays.

so Let us check what we wanted to invest and never leave your funds in not so safer coins.

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Quote from: tygeade on May 04, 2022, 03:12:29 AM

Top 10 was never really that much of a big trust thing before today neither. We had xrp which is a centralized coin project made by a company, we had BCH back in the day when it was in the top ten and it was a miners bitcoin basically, we had BSV which is Craig Wright's bitcoin, and we had many other that were in top 10 and then got out. Hell if you go back enough we had namecoin which was the second ever coin using blockchain tech and then it is nowhere to be found nowadays, probably done and gone.

I wouldn't really rely my investments based on the top 10, that rarely ever works for anyone and usually ends up being a terrible indicator for the future of those coins.

Top 10 is at least a bit decent considering majority of the coins would be decent until they get out of top 10. In this case what you should do is if you see something get out of top 10 then you sell it and just keep whatever is the new one. Keep doing that and you will always have top 10 coins at all times, and the ones that drop will be the ones you lose money and the ones that go up will be the ones you make profit.

Based on how much top 10 increases most of the time, there will be 3-4 ones that you will profit and the rest will be either break even or just something that would be losing only a small amount of money for you.

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Quote from: Smitty Werben Man Jensen on May 04, 2022, 04:38:02 PM

there are many criteria for choosing an altcoin, but here I will share my experience to be able to choose the best altcoin,
first you can search for projects on Coinmarketcap, secondly analyze altcoins that are ranked below 300,
because there are lots of potential good projects, and when it comes to it's finished, then buy a token in a partial way,
I'm sure you can be successful that way.

Thanks for sharing this but above all we should know that the cryptocurrency investment we should note that risk is the most available resource and carrying out good research about the project to build good knowledge and also find the possible way to reduce the risk of losing your fund due to investing in a bad project without future value or projects that are not utility proven.

Smitty Werben Man Jensen

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there are many criteria for choosing an altcoin, but here I will share my experience to be able to choose the best altcoin,
first you can search for projects on Coinmarketcap, secondly analyze altcoins that are ranked below 300,
because there are lots of potential good projects, and when it comes to it's finished, then buy a token in a partial way,
I'm sure you can be successful that way.

xmonkeyx

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Quote from: Odusko on April 01, 2022, 05:35:17 PM

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

of course utility is an important factor when choosing a good Altcoin and also I personally prefer Altcoins that have prospects with promising future development, I think that way it will be very good for the future.

Xampeuu

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Quote from: ven7net on May 02, 2022, 12:49:44 PM

Quote from: Odusko on April 01, 2022, 05:35:17 PM

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Well, as far as I know, altcoins cannot have utility and be speculative at the same time, so here you need to choose what is more important for whom. If we talk about long-term investments in altcoins, then I believe that utility should be one of the main factors when choosing, because if an altcoin brings utility, then it will be used more, which means its price will go up. Of course, this will not be a quick process, but for that you will have a better chance of making a profit. As for altcoins for speculation, here it is like in roulette, you are lucky or not.

actually we can choose old altcoins that are already good, and of course in the future the funds invested will feel safe. different from new altcoins whose potential has not been identified. sometimes we analyze that altcoins are good, but turn out to be wrong, because many are scams, especially in bearish conditions. I think the best thing to do a new altcoin analysis lies in its fundamental analysis, so that we can get to the root of the project

tygeade

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Quote from: jaberwock on May 01, 2022, 03:38:15 PM

Why what is the situation today. Is the market dumping? But dump or not, choosing a potential altcoin is always be a must. Dumping is only good for buying but you can still try buying at pumps and maybe you can score an immediate profit but that is likely as long as what you are investing with is an altcoin that has a potential.

Be careful and always scan the coins first on the top 10 ranks because sometimes there is a meme coin that can enter. It so sad that top 10 is not a safe place anymore. People should now change their criteria when choosing a coin. Maybe they can an make adjustments and this time they will only pick coins that are from top 3 or top 5.

Top 10 was never really that much of a big trust thing before today neither. We had xrp which is a centralized coin project made by a company, we had BCH back in the day when it was in the top ten and it was a miners bitcoin basically, we had BSV which is Craig Wright's bitcoin, and we had many other that were in top 10 and then got out. Hell if you go back enough we had namecoin which was the second ever coin using blockchain tech and then it is nowhere to be found nowadays, probably done and gone.

I wouldn't really rely my investments based on the top 10, that rarely ever works for anyone and usually ends up being a terrible indicator for the future of those coins.

Topic: What are the criteria for choosing altcoin (Read 1006 times)