What are the criteria for choosing altcoin - page 7.

peter0425

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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.

learn first then return to investing , but for now? forget about putting money inside crypto.

Quote from: marine4u on April 07, 2022, 02:08:34 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 .

marine4u

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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.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: Odusko on April 01, 2022, 06:35:17 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 have no criteria at all that Buying a coin that is listed in ranking and in legit casino as well, at least top 50 coins will not be missed in my Folio and also my capacity to keep a coin for at least months and year.
there are so many people that only made their investment confusing when they can just buy coin and Hold them for years.

Quote from: Ararbermas on April 05, 2022, 07:42:24 AM

For me the project must have roadmap, white paper wherein for us to see what's the goal of the project itself and of course the purpose and the advantage than other project in the market. also good market cap is required IMO because on that way you can really tell it has a future even it's a new project.

those are the old style of trusting a project, because they will only cost some bucks to pay someone to create a Roadmap and Whitepaper just like that.

Xal0lex

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Quote from: lixer on April 06, 2022, 03:04:35 PM

Bitcoin is the biggest coin for example, and if you invest into bitcoin you know that it is the most known coin and you feel good about it, then you invest into something as big as you can find, eth, ltc, bnb and so forth. But if you invest into coins that are out of top 200, then you would probably realize that it's not something big at all, and should not be considered a good investment.

Projects like Axie Infinity, for example, when they came on the market, few people knew about them at all and they were way outside the top 200, but in 2021 this project has grown so much that many would dream of buying it in the days when no one knew about it. Back in the days when it was worth a few dimes. Do you think the Top 200 is some sort of benchmark of quality and confidence? No, it's just a capitalization rating, not a quality rating. Promising projects at the very beginning of their journey do not always end up in the TOP-200. But that does not mean that it will be a bad investment.

||bit

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Quote from: Odusko on April 01, 2022, 06:35:17 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?

Need to check the full base of the project.The reason is very simple one,because the people will inverse with out check fully about the project.It’s not a good one,because most of the traders fails.If they invested their money without the knowledge.Many altcoin project was a scam one.They just looking of the profit motive and will close project after the profit.

lixer

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Quote from: whiteblue on April 05, 2022, 06:26:40 AM

Quote from: southerngentuk on April 05, 2022, 06:01:22 AM

I personally see a lot of good stuff in this space, and sometimes we don't know how to build the right strategy for ourselves, which leads to struggling to find opportunities for ourselves. Of course, nothing is perfect in this space, and transparent top projects are the top choices for many investors. I personally like ETH, BNB, DOT, LINK,... and especially what I think everyone will want to hold more than BTC.

What is already famous and has become popular will always be targeted by many people to have it as much as possible and also store it safely before using it in the trade.
And the coins that you like are coins that are also liked by many people in general so it would be very good if at this time they could be used in trading to get the profit on target.

That is the key point on most of my purchases. I do not invest into things that most people are ignorant about, or not really know the details of it. If you really want to invest into something, it is not about how much you know about that coin or token, it's about how much others know about it.

Bitcoin is the biggest coin for example, and if you invest into bitcoin you know that it is the most known coin and you feel good about it, then you invest into something as big as you can find, eth, ltc, bnb and so forth. But if you invest into coins that are out of top 200, then you would probably realize that it's not something big at all, and should not be considered a good investment.

Ararbermas

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For me the project must have roadmap, white paper wherein for us to see what's the goal of the project itself and of course the purpose and the advantage than other project in the market. also good market cap is required IMO because on that way you can really tell it has a future even it's a new project.

ItsCrafty

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Quote from: Odusko on April 01, 2022, 06:35:17 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 think first of all we should choose coin which already listed on Top Exchanges specially Binance,Kucoin where volume is good and very low chances of rug pull.
Also choose coins which has strong partnership and top investors like Binance,Kucoin or Coinbase.
Don't buy new coins which just launched because they are risky and you can lose here.

whiteblue

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Quote from: southerngentuk on April 05, 2022, 06:01:22 AM

I personally see a lot of good stuff in this space, and sometimes we don't know how to build the right strategy for ourselves, which leads to struggling to find opportunities for ourselves. Of course, nothing is perfect in this space, and transparent top projects are the top choices for many investors. I personally like ETH, BNB, DOT, LINK,... and especially what I think everyone will want to hold more than BTC.

What is already famous and has become popular will always be targeted by many people to have it as much as possible and also store it safely before using it in the trade.
And the coins that you like are coins that are also liked by many people in general so it would be very good if at this time they could be used in trading to get the profit on target.

Xxmodded

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I don't have any criteria when choosing some altcoin for daily day trading or long term trading and waiting on DIP price only, not any specific about how to check analyze and looking with chart because I am not really smart and expert how to read with chart. Just checking with daily day price from some coins and looking how much lower and higher price before investing with this coins. Usually in daily day I check with lower price and entry depending with bitcoin situation and looking how potential growing up in daily day. I dislike with some coin looks stable price and better looking some coins have faster for growing up and down.

southerngentuk

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I personally see a lot of good stuff in this space, and sometimes we don't know how to build the right strategy for ourselves, which leads to struggling to find opportunities for ourselves. Of course, nothing is perfect in this space, and transparent top projects are the top choices for many investors. I personally like ETH, BNB, DOT, LINK,... and especially what I think everyone will want to hold more than BTC.

2tang

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Quote from: Odusko on April 01, 2022, 06:35:17 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 see criteria like this, first is the community strength of the project, we can see how the project builds a solid community and has strong fundamentals. if this is able to meet the criteria and has a good concept then it is worth investing in.

at this time we also have to follow market trends to invest such as NFT, METAVERSE and WEB 3.

rodskee

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Quote from: ethereumhunter on April 03, 2022, 02:00:40 AM

Quote from: Tony116 on April 02, 2022, 11:11:08 AM

Yes, there are no specific criteria to judge potential altcoins. It depends on each individual's forte and preference. Like me, I like to invest in top altcoins and layer 1 projects because I like safety and not too risky. Sometimes I will invest in new projects with a very small amount, my criteria besides reading Tokenomics, I will invest in monitoring venture capital funds. I love BinanceLabs investment projects.

Investing in the top altcoins is an option that can be taken by those who are new to crypto or who are confused about their choice because, at the very least, they can hope to make a profit later. As long as we don't go along with what other people say without seeking further information, we won't be fooled by scam projects or projects that struggle to get a raise later. I also chose to invest in BinanceLabs for the new coins because, at least, the new projects had to go through a selection process from Binance before their projects were allowed to enter the Binance exchange.

wrong , new to crypto mostly try investing in altcoin that is not on top instead those they are being lured meaning those liars here in crypto space had made them believe that those project will go to the moon or can become GEM.
so meaning they are the mostly losers.
but since OP is asking something here? maybe he is the one with High hopes in crypto investing and one of those who mostly succeed.

Benefactor

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This is a significant point, as a general rule, reception can draw in a ton of premium from financial backers and establishments to utilize it. In the event that they're vital to you, that is essential for your picking yet on the off chance that they don't sound good to you then there's no requirement for you to check those out. In any case, truly, utility is one of the variables that numerous financial backers are looking that.

el kaka22

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Quote from: kotajikikox on April 03, 2022, 11:11:09 PM

snipped

I have been around here for a long time, and I mean like very long time and I can easily say that nothing that happens in the crypto world could make me get confused about it. I get that some people could have trouble trying to find what to invest and when to invest but I have figured that out long time ago and it hasn't been a problem for me ever since. At least 5+ years or so, and I am still using the same logic and have provided me with a good profit.

What I do is that I wait at least 6 months to a year after a coin is created, early investment never really was my forte and even though you could make a lot of money, you do not have to risk it neither. Then I just buy and hold, if it does 2x then I take my initial investment out, and I just keep the rest... as long as I can.

lobo13hf

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Utility will become the main factor for the project in long term.
I will try to add some things that must be considered by you

venture capital and backers
team track record
smartcontract and code
alpha or at least MVP
Tokenomic and economic structure of project
roadmap

Those things must be used when you are doing a research to know which altcoin that potentially give you good profit for sure.
I think that if you must aware about that and then just try that.

barbara44

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Quote from: Odusko on April 01, 2022, 06:35:17 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?

Why what is the difference from this time to the time that we have before? Ah I know, maybe this time there are lots of coins that are created already? is that is? But, that doesn't make me confused to be honest because I still know if which coins are worth it to invest and what is not.

We have coinmarketcap or coingecko that we can use, if we don't know what to choose all by ourselves. We can use their top coin rankings and pick the coins that are under that category. That should solve your problem if your confused. Yes, utility is one of the factors to look for before you invest because this is what makes the coin to get in-demand.

ivankoh

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Quote from: Odusko on April 01, 2022, 06:35:17 PM

hould utility alone be a major factor in determining a good altcoin and being speculative in the price?

In my opinion, utility is the main factor to promote value and input speculation motivation, accepted and used product value will increase reflected value, right? The countless altcoins out there have always been questioned in terms of applicability rather than meaning and generated action. Utilities, tokenomic, roadmap, team, actions or words...etc, long-term investors get the value they want, they have to trade it for risk. And no one wants to deny profit when it comes. The utility will be the connecting and maintaining product

cvasy

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KUWA.ai

Quote from: kapalmabur on April 04, 2022, 12:41:11 AM

Doing research does have a big role in determining a viable project although it's also not a guarantee,
do in-depth research both on the team, the roadmap and others,
what is clear is that choosing a good project is not an easy thing and it takes time to do it all

Every new project is obligated to do research on it if necessary repeatedly because in the composition of the project team there could be a scammer who has also been in the old project in the past, so when you have done your research, at least everyone has started to know things. this kind of thing even though it can't guarantee a lot of profit through the project.

kapalmabur

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Quote from: ?? on ??

For long-term investment, you have to make wise choices since the potential scam projects can hide it till reaching goal. Choosing project and investing takes time that should be used for filtering bad ones. Check team, road map, charts, overall market conditions and you are good to go.

Doing research does have a big role in determining a viable project although it's also not a guarantee,
do in-depth research both on the team, the roadmap and others,
what is clear is that choosing a good project is not an easy thing and it takes time to do it all

Topic: What are the criteria for choosing altcoin - page 7. (Read 970 times)