What are the criteria for choosing altcoin - page 8.

kotajikikox

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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?

Investors ? what kind of investors are you referring here? newbies ? or those Old time investors ?

for New investors may find this hard to find , but those old timers? i don't see this will become harder because people in crypto knows how to find nor how to denied the chances of buying fake or scam coins.

and besides they wanted to buy safe coins that mostly in ranking top 1-50.

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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.

and also never AIM for total profiting , i mean never be a greed investors and just take small profit but surely, never seek for GEM project if you cannot afford to totally lose as well.

lienfaye

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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?

The utility is an important criteria when choosing a coin to invest in. Thats how you can see if its not just an speculative asset but has a purpose why it was existing.

Its a must to also check the white paper, the roadmap, the team and the community. These are just the basic thing to do as an investor if you're looking for a project that unlikely to turn as scam.

Nowadays its important to have your own understanding of what you're getting into. Researching can help to fully understand why the specific coin is the one that you're looking for.

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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 for me, a strong network is very important and followed by the utility of the project. There are too many signs on how to determine a potential project but it does not mean they are not risky at all. Altcoins are very risky, considering that it seems they are like gambling, you can invest them in a short period of time and beyond that, perhaps they will turn into a shitcoin which is very common as of now. So, choose a better one that has a potential, if you want long term avoid token because they are very risky.

Fakhrulenclix

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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, every investor has their own criteria to determine which Altcoin to invest in for the future.
utility is certainly an important factor that must be considered when looking to invest long term, but I personally tend to see new Altcoins that are under serious development for the future because I think if it is successful it will be very profitable when we as investors get in early.

AnonBitCoiner

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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?

First of all when you choose any altcoin for long term then you should look for coin which have strong and wide use case. If coin have have just one type of usecase then this coin can go down if trend end like Axe which is single game. If this game failed then Project will go down also. Similarly Juno coin which only usecase is Stacking and airdrops , if it's end it will go down extremely hard.
For choosing best altcoin look for project which provide a systems for another Projects like Mana,Sand which has full system of Metaverse. Similarly Atom token which has Big ecosystem.

Erdogan

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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?

Usability is now definitely one of the most important criteria for choosing an altcoin.
The basic ones are also the professionalism of the dev team, tokenomics and general fundamental analysis.
Period of presence on the market (determines stability) and its capitalization are very important.
On the basis of market capitalization and utility, we can compare such a project with others (if there are any similar already on the market) and assess how much such a project can develop.

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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?

There are no specific criteria when trying to buy altcoins because each investor has a different way or view in choosing the coin he wants to invest in, but it is very important for us to always do independent research about the type of altcoin we will buy so as not to experience losses. later because by doing research we will know what the project has to offer in the long term.

ethereumhunter

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Quote from: Tony116 on April 02, 2022, 10:11:08 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.

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Quote from: Xal0lex on April 02, 2022, 08:26:47 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?

1. Team
2. Allocation of tokens to investors, team, advisors, etc.
3. token issuance
4. White Paper.
5. Exosystem development.
6. Roadmap
7. Which of the funds invested in this project

I agree with you and we need to do some research on the 7 points you mentioned,
it may look a lot and will take a lot of time but at least it's worthwhile to find good coins though that's also not a guarantee,
most importantly pay attention to these 7 points before buying coins

Xal0lex

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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?

1. Team
2. Allocation of tokens to investors, team, advisors, etc.
3. token issuance
4. White Paper.
5. Exosystem development.
6. Roadmap
7. Which of the funds invested in this project

Shasha80

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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?

With so many altcoins currently on the market. Of course, it makes us as investors sometimes confused about choosing good coins for investment.
But if you want to invest long term in crypto, it's not enough to just look at utility as a criterion. In my opinion, good coins for long-term investments
must have strong fundamentals, high demand, popular and has an active development team. Usually if there are coins that meet the criteria
I mentioned, no doubt these coins are very profitable for long-term investments. So far, usually the altcoins that are in the top rankings of
Coinmarketcap meet these criteria. Like ETH, BNB, ADA, LUNA and SOL are some profitable coins if we invest for the long term.

WalkerIVIV

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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.

So many things need to be considered when choosing altcoins. Like

1. Team
2. Demand
3. How big the community
4. Progress
5. Exchange site
6. Hype and many more

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

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

Yeah and that's it. Utility has become a main factor that needs to be considered as internal factor that wil be making the project even stronger. The utility of token will be creating demand for the token as people think if that token is very useful.

Oceat

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Quote from: kesmex on April 01, 2022, 10:56:34 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?

Every investor must have their own criteria for choosing the coins they will invest,
the safest is that the top coins are good for long term investment,
but we still need to do our own research after all we can't ignore that

Nah, in the past chosing the top coins are the best picks for long term investment but as time flies by most of the top coins aren't worth it to hodl for long term since some of them are either too long to pump or too early to pump, that's why most of them called the pump and dump coins.

One should find a category like the market movement of a coin plus the total market volume and make sure that it isn't a fake volume since some of the exchange do this to attract investors/traders or it's best to just go to Binance if you can't find a reliable exchange.

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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?

Several things to consider and a good project must have all of these,

* Use case and legit purpose of the project
* transparency
* liquidity/trade volume
* strong support system
* already back-up by an exchanger

We are supposed to invest in the project that we know are legit, not just only under construction and pre-sale period as the majority of them turn into scams.

BTC, ETH, BNB, and the rest of the top 20 coins in the market seem to be good choices. Not even it needs for you to check their background.

24Kt

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Quote from: samcrypto on April 02, 2022, 06:21:15 PM

I have a few list on choosing altcoins, this is very common but I think its important to see on every new project before you decide to invest.

1. Token Name - You can tell a project if its legit or not by just knowing their token name.
2. Network - Some token are using a great network for their services, if you prefer a specific network or a multiverse this can be one of your standard.
3. Services - Most of the token now don't have the utility, and they are just a token without a use so I'd rather avoid those tokens and just buy those who have a utility.
4. Supply - I don't want to buy a token with unlimited supply and no burning mechanism, this is too risky for me.

So that's it, very common yet you can see their real values once you know how to analyze properly. Choosing good tokens right now is very easy, you can spot the difference between a scam project and a good project with this standards.

I would also suggest that as much as possible, look at what stage of development is the project. If it is still alpha going for months, more than likely, they will never launch their working product. It is better if they have working product/services before they introduce their platform to the public. But if they will rely their developments from public funds, they have high chance of shelving the project. Because if you have no solid financial backer, going forward would be too difficult for them.

samcrypto

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I have a few list on choosing altcoins, this is very common but I think its important to see on every new project before you decide to invest.

1. Token Name - You can tell a project if its legit or not by just knowing their token name.
2. Network - Some token are using a great network for their services, if you prefer a specific network or a multiverse this can be one of your standard.
3. Services - Most of the token now don't have the utility, and they are just a token without a use so I'd rather avoid those tokens and just buy those who have a utility.
4. Supply - I don't want to buy a token with unlimited supply and no burning mechanism, this is too risky for me.

So that's it, very common yet you can see their real values once you know how to analyze properly. Choosing good tokens right now is very easy, you can spot the difference between a scam project and a good project with this standards.

Johnyz

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Quote from: cryptoperkele on April 02, 2022, 12:14:51 PM

1. It solves a problem that other altcoins doesn't
2. Team leader is a talented coder, meaning that other coders are blown away by his/her talent
3. Every team member has a clear purpose for being in the team.
4. Transparency of the team progress and by that i mean answering to tough questons and they are admitting mistakes they have made.
5. It's a red flag if team is talking about the market value or speculating about the future price.
6. tokenomics need to make sense and have a solid game theory backing it up.
7. Project isn't jumping in the latest buzzword bandwagon.

Those are few things coming in my mind.

This is a good list, if you are serious on looking for a good altcoins project you must have your own criteria and don’t just based on any hype. In cryptoworld those who analyze well always a winner, they have a better chance of getting into a good project. I stop investing for new tokens for now but when I do see good project again, I might start to buy and see of its worth it or not, still depend on their services.

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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?

To choose altcoins to invest in the long term is certainly not easy, especially now that there are so many altcoins that have been created, for me to invest in the long term of course I don't want to take risks. to invest, my choice is of course Bitcoin Ethereum Binance and a coin that I think has the potential to develop in the future, even if I want to invest in a new altcoin, I will not invest a large amount, because for me it is a very high risk, so my choice is definitely which I don't think is a big risk.

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Quote from: andyou1234 on April 02, 2022, 12:39:46 PM

if the altcoin we choose has a competent development team and is supported by a large and active community, besides that the altcoin has large fundamentals and trading volume and has been registered on several large exchanges, then you can be sure that the altcoin has good criteria and very worthy to be chosen, even though it is not entirely true but these altcoins have a great opportunity to be able to provide our profits,

I agree with what you say, although it's not necessarily 100% correct but it's better than altcoins with obscure projects. Regarding a strong community, here I don't think it needs to be too big as long as they are solid, a project that is in front of them has a chance to be successful. The community cannot be underestimated, because their presence is indeed one of the factors for a project to run well.

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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?

The project criteria I pay attention to when I want to invest is of course checking their social media channels, checking white papers, and seeing the project roadmap, goals and advantages of other projects. However, it is true that every investor has their own criteria in determining their target for a project. Usually based on popularity, and a high level of interest in social media are also important factors to review how ideally we will drop money into the project.

Topic: What are the criteria for choosing altcoin - page 8. (Read 1006 times)