What are the criteria for choosing altcoin - page 2.

ven7net

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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?

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.

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Quote from: Rampagoe004 on May 01, 2022, 08:06:14 AM

If the market situation is as it is today then we have to choose potential altcoins for us to invest in the long term, because it is all in order to reduce the risk so that later we do not lose our assets for a long time, then from the top 10 cmc rankings I think we can choose because the coin does have a high potential will remain for a long time until the market stabilizes again.

This is a wise choice, because it is undeniable that when we choose a new coin, the risk is doubled when the market situation is like this. Many choices of coins that can be used as a handle at times like this, we just need a little time to hold it until the market really returns to normal. Maybe the problem is that we are a bit confused on which coin our choice will be anchored, which of course has the potential to stabilize more quickly.

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Quote from: GigaBit on May 01, 2022, 11:13:13 PM

Lots of coins are being added to the crypto market every day. But all of them can not survive. Many projects have been died again after surviving in the market for a while. So we need to focus on those altcoins that have direct use case.

Actually, there is no need to care about all the new projects that are just added to the market every day, because those with use cases have clearly been seen long ago where they are all in a good position as cryptocurrencies that already have useful goals and concepts with use real cases.

GigaBit

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Lots of coins are being added to the crypto market every day. But all of them can not survive. Many projects have been died again after surviving in the market for a while. So we need to focus on those altcoins that have direct use case.

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Quote from: Rampagoe004 on May 01, 2022, 08:06:14 AM

If the market situation is as it is today then we have to choose potential altcoins for us to invest in the long term, because it is all in order to reduce the risk so that later we do not lose our assets for a long time, then from the top 10 cmc rankings I think we can choose because the coin does have a high potential will remain for a long time until the market stabilizes again.

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.

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Quote from: Odusko on May 01, 2022, 03:32:15 AM

You guys are right, One of the most important aspects of any project is its ecosystem because that is the engine room of the project, once a team builds a favorable utility base for the project the token or coin will thrive on that platform to build a large and active community that is the root of every project.

I think so too, but in reality not all projects can be able to do such a thing now if there is no better external support.
So it is still necessary to work on relations and partners so that the project party can be more helpful when their platform and token utility has begun to gradually improve.

Rampagoe004

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If the market situation is as it is today then we have to choose potential altcoins for us to invest in the long term, because it is all in order to reduce the risk so that later we do not lose our assets for a long time, then from the top 10 cmc rankings I think we can choose because the coin does have a high potential will remain for a long time until the market stabilizes again.

Odusko

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Quote from: dunfida on April 28, 2022, 05:59:25 PM

Quote from: NewRanger on April 28, 2022, 01:49:06 PM

i am see to utility and ecosystem that will build by this project. with both of them demand will easily created and ofcourse price will follow its demand. more utility build in ecosystem ,more demand to this token .for example as transaction gas , its be obligation to validate transaction. absolutely it will use this token , another reason was ecosystem. with large ecosystem build although with different category or path, undirectly it will create demand too.

Utility is all we need to look at because you could presumpt about its potential that it might be that significant on upcoming future even though its not really that an assurance but at least you do make your research

before doing further step and its a must thing if you do make out investment here on crypto space.Take your time on making some in depth search and look for utility or usage on a particular project.

Dont make yourself get tagged or hooked with hype and shills on which this would really result into further mess.

You guys are right, One of the most important aspects of any project is its ecosystem because that is the engine room of the project, once a team builds a favorable utility base for the project the token or coin will thrive on that platform to build a large and active community that is the root of every project.

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Quote from: NewRanger on April 28, 2022, 01:49:06 PM

i am see to utility and ecosystem that will build by this project. with both of them demand will easily created and ofcourse price will follow its demand. more utility build in ecosystem ,more demand to this token .for example as transaction gas , its be obligation to validate transaction. absolutely it will use this token , another reason was ecosystem. with large ecosystem build although with different category or path, undirectly it will create demand too.

Utility is all we need to look at because you could presumpt about its potential that it might be that significant on upcoming future even though its not really that an assurance but at least you do make your research

before doing further step and its a must thing if you do make out investment here on crypto space.Take your time on making some in depth search and look for utility or usage on a particular project.

Dont make yourself get tagged or hooked with hype and shills on which this would really result into further mess.

NewRanger

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i am see to utility and ecosystem that will build by this project. with both of them demand will easily created and ofcourse price will follow its demand. more utility build in ecosystem ,more demand to this token .for example as transaction gas , its be obligation to validate transaction. absolutely it will use this token , another reason was ecosystem. with large ecosystem build although with different category or path, undirectly it will create demand too.

Lexurdania

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Quote from: ?? on ??

Each investor has set of different rules before investing in altcoins, general rules can be applied on most cases. Checking the project itself, white paper and team members are must be done category, investors have to check feedbacks of other users sometimes. Depending on the amount people do weird DYI research but the benefits of making more research can't go wrong usually. Having a nice trading setup doesn't mean the trader is going to print $ all day, the proper trading strategy plus experience on this field plus money management are ingredients for successful trading history, in my opinion.

with different methode from each investors, we will find best result that take from several insight. analisys become more objective and maybe each other will find advantages and its disadvantages. with collaboration between two or more people will find new projects that have great utility and product they want build. and finally group chat will take important rules in this discussion.

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Quote from: TheGreatPython on April 27, 2022, 01:38:52 AM

Quote from: retreat on April 21, 2022, 10:41:53 AM

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

They do not have to be, newbies all think that project's all have leads but that is not the case. There is a foundation that "offers" ideas for ethereum to move to, and they are not making those changes themselves. So if they do 2.0 and we all decline? They can't make that into a reality.

This isn't some newbie token that the creators have full ownership over and can change whatever they want to, it is something that mainly foundation builds on top of and then asks people to either accept it or not. If you are not aware of what they are doing right now, that is not important because when they offer it, we have a chance to decline it and move on without whatever they suggest.

Most newbies only saw the period where they invest into a project with the hopes that the team behind it would do something to make it go up. In fact, this reach to a level so much so that they actually pressure the teams to do something that will make it go up, basically telling them to make them profit.

So they invest, talk with the creators to see how they will do something, and hope that the thing that will be done could increase the price and then sell. This has been the era for the past 2 years, all newbies do that. People can't understand that even the 2.0 idea behind ETH is not a guaranteed thing, because there are no owners or creators.

Chato1977

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Quote from: domoy77 on April 18, 2022, 10:22:49 AM

Quote from: Chato1977 on April 18, 2022, 06:18:43 AM

the Only criteria i Use is to follow my instincts and also follow my mentor .

I know that sometimes i lose but lucky that most of His advices brings winning for me, several times this year that i earned at least 20-30% each investments.

Actually, the instincts of the hearts and minds of others must always be balanced so as not to feel confused when carrying out any investment because without someone to direct, I think someone will also get lost if they only rely on instincts from ourselves.

you should not care actually because this is Mine , just look for yours lol.

I am gaining in my strategy as I have best instinct Grin

, if you cannot carry that then this is your problem not mine .

I can balance mine , while you can't?

TheGreatPython

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Quote from: retreat on April 21, 2022, 10:41:53 AM

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

They do not have to be, newbies all think that project's all have leads but that is not the case. There is a foundation that "offers" ideas for ethereum to move to, and they are not making those changes themselves. So if they do 2.0 and we all decline? They can't make that into a reality.

This isn't some newbie token that the creators have full ownership over and can change whatever they want to, it is something that mainly foundation builds on top of and then asks people to either accept it or not. If you are not aware of what they are doing right now, that is not important because when they offer it, we have a chance to decline it and move on without whatever they suggest.

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Quote from: Ararbermas on April 23, 2022, 06:59:01 AM

Quote from: retreat on April 21, 2022, 10:41:53 AM

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

Community doesn't change the price of it, money does. Which means that if you have 100 super rich people interested in a project, versus 1 million super poor people, there will be differences because rich could take it high or at least keep it there with their money while poor can't do anything. Why do you think Axie got lower? There were plenty of people following it, but the reality is that all of those people just wanted to play and earn money and then sell their earned money that's it.

There weren't plenty of rich that would buy that, and grow their numbers. Sure if you were a wealthy person you could have bought plenty of axies and let your workers earn you money, but those same workers caused the price to go down when they sold as well.

TheGreatPython

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Quote from: bayudndy on April 22, 2022, 03:26:44 AM

Quote from: retreat on April 21, 2022, 10:41:53 AM

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

You both denied it as well as acknowledged it

Speaking of ETH does not need too much analysis because it is not nearly what we normally judge like other altcoins, I think other than bitcoin in this space, ETH still has a good position determined and is invincible in many ways.

Not like there aren't other coins provides what ETH provides, obviously there are other projects that has achieved what ETH has done so far. However, the difference is that even though ETH had the highest recorded gas fee at some point, they still didn't get less projects on their platform. That's the difference, if you have super high gas fee and projects still prefer your network over something that has nearly zero, then you are doing something right. Maybe other projects will go up, maybe they will go higher and quicker, but they will never displace ETH from the second place.

Only one who can make it go under second rank is ETH itself again, only if something bad happens there then I can see it going down.

Lagduf

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frankly, utility kinda suffice if the utility is already really great that it could give strong use case for the altcoins but honestly some of things that also matters heavily are things like marketing and also fundamental, added with some kind of partnership with the
more famous projects like being endorsed by big exchangers like binance, it could certainly guarantees success for this project in the long run.
partnership could gives additional privileges for the project, strong fundamental is the thing that keeps project from succumbing its trading volume and market capitalization and the marketing is the thing that grows the community behind the project, if all these
things are going good in harmony for the project, surely it gonna give additional reassurance that the project gonna be such a huge success in the future.

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Quote from: Ararbermas on April 23, 2022, 06:59:01 AM

Quote from: retreat on April 21, 2022, 10:41:53 AM

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

not all altcoin have bad future for long term ,some of them really need time to developt product meanwhile their investors and community haven't patience to wait it come. alot new project have good future but it dumped by their own investors meanwhile dev team serious build it. maybe ethereum investors didnt patience and sold it early we will not see current price.

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Quote from: domoy77 on April 20, 2022, 03:39:23 AM

Quote from: monineklutak on April 19, 2022, 01:19:05 PM

What you mentioned above is indeed very important to consider before choosing a coin,
so do some in-depth research and it will indeed take quite a bit of time but I think it's worth what we're going to get,
It's not an easy thing to choose coins, especially when there are lots of coins in the market

For those who already know a lot of coins, it will definitely be very easy to choose now because between coins that have potential and those that are not, he certainly knows because not all coins are good to choose at this time.
So while doing research, everyone also needs to get to know the coins that are in the best row in the market.

Being a veteran and being aware of many many coins comes with some advantages and disadvantages at the same time. We are talking about "knowing" a lot of coins but we also need to remember that there are brand new things going on in many coins and if you just research it once and then stop caring about it then you are going to end up being upset about it because there will be new things. So that means we need to actually keep up with those coins and need to learn what's going on with them.

This requires people to actually follow up on what they researched on all those coins. But the biggest advantage is that you could avoid some coins and remove them from your list and all you have to do is follow up on the ones you think could be good. This elimination process is our best weapon as veterans.

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Quote from: Ararbermas on April 23, 2022, 06:59:01 AM

Quote from: retreat on April 21, 2022, 10:41:53 AM

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

In my opinion, the most suitable is Bianace, apart from having a large community, it is also a coin that is widely used for transactions and has a good future.

Topic: What are the criteria for choosing altcoin - page 2. (Read 1025 times)