Topic: What are the criteria for choosing altcoin - page 9. (Read 1006 times)
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,
It's not that easy, I think the criteria are within us to decide which one to choose in altcoin investment because there are many factors to choose from and also see how it develops in a project, so I think everyone will have different opinions, but if you want to take Which advice is better and more research by you and then decide which one to invest in.
The top altcoins do have a little longer in the market because of the large community in trading to encourage them.
However, if you choose a new one or one that is still below, I think you need to correct it again whether it is correct or not.
The top altcoins do have a little longer in the market because of the large community in trading to encourage them.
However, if you choose a new one or one that is still below, I think you need to correct it again whether it is correct or not.
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.
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.
The major thing to look out for is the team ( 99% of the project success relies heavily on the team) team with lots of experience in blockchain, great ideas and track record from their previous fields will deliver.
An active community with strong support, once there is massive support from the community it creates organic hype to increase the project popularity.
The project concept should be appealing and useful in blockchain to attract the right people to want to invest without doing much advertising. A project with these three criteria can perform very well.
An active community with strong support, once there is massive support from the community it creates organic hype to increase the project popularity.
The project concept should be appealing and useful in blockchain to attract the right people to want to invest without doing much advertising. A project with these three criteria can perform very well.
There are no right criteria for choosing altcoin because every investor will have their own criteria and be different from the other investors. Some of them prefer to invest in a low coin price, while others will look at supply, the project development, the teams behind the project, the position of the coin, etc. Some others prefer to invest in the altcoin from their position and only pick the top 20 coin list for their investment. Maybe you need to find those criteria for choosing an altcoin based on what we are telling you so you will know how to choose the altcoin.
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.
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There are no right criteria for choosing altcoin because every investor will have their own criteria and be different from the other investors. Some of them prefer to invest in a low coin price, while others will look at supply, the project development, the teams behind the project, the position of the coin, etc. Some others prefer to invest in the altcoin from their position and only pick the top 20 coin list for their investment. Maybe you need to find those criteria for choosing an altcoin based on what we are telling you so you will know how to choose the altcoin.
Great team, still cheap (low marketcap), needs to be able to go x100 or even x1000.
Worked for me on a couple of projects but not always of course.
Overall this strategy made me able to buy real estate and get a huge btc stack which i never could have done buying top50 projects.
Right now i like KoinOS. TT also might be promising but I am not sure. It just went up +70% today after a long drought so do your own research
Worked for me on a couple of projects but not always of course.
Overall this strategy made me able to buy real estate and get a huge btc stack which i never could have done buying top50 projects.
Right now i like KoinOS. TT also might be promising but I am not sure. It just went up +70% today after a long drought so do your own research
Should utility alone be a major factor in determining a good altcoin and being speculative in the price?
It will still depend on how you see these factors. If they're important to you then that's part of your picking but if they don't make sense to you then there's no need for you to look at those. But honestly, utility is one of the factors that many investors are looking that. We like tokens that have real usage and being used for utility because that's part of the factor that we're looking at if there's a use for that token and it's not just for speculation through trading.
To meet the criteria for long-term altcoin investment, we have to pay attention to a lot. Utilities are mandatory, but there are a few other factors that I usually use as a benchmark.
1. Supply and mechanism of the coin. A limited supply has a guaranteed stable value increase, but there are also coins that have an unlimited supply of coins that can increase in value rapidly. Then is there a certain mechanism in the ecosystem or network, such as coin burning and buyback periods by developers.
2. Strong fundamentals. Coins and tokens that have strong fundamentals tend to be safe for long-term investments.
3. Mass Adoption. This is an important point, broadly speaking, mass adoption is able to attract a lot of interest from investors and institutions to use it.
4. Strong network, low fees, fast transactions, safe and extensive Ecosystem. This is of course the basis for the coin to show off its advantages over other competing coins.
1. Supply and mechanism of the coin. A limited supply has a guaranteed stable value increase, but there are also coins that have an unlimited supply of coins that can increase in value rapidly. Then is there a certain mechanism in the ecosystem or network, such as coin burning and buyback periods by developers.
2. Strong fundamentals. Coins and tokens that have strong fundamentals tend to be safe for long-term investments.
3. Mass Adoption. This is an important point, broadly speaking, mass adoption is able to attract a lot of interest from investors and institutions to use it.
4. Strong network, low fees, fast transactions, safe and extensive Ecosystem. This is of course the basis for the coin to show off its advantages over other competing coins.
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
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?
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