What did you look out for before investing in an altcoin? - page 2.

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Quote from: Princeofpoetry on July 05, 2020, 06:14:56 AM

The points that have been mentioned are the most important things. especially who is the team behind the project. If the development team has a good reputation and is an professional in their work. I'm sure the project will have a good of trust by investors.

Some of the things include the team obviously, who all backs the project, how are they planning and the roadmap for the next 3-5 years. Are all the queries raised to the team being answered or not reverted? Because customer satisfaction plays a key role. Also, what is the purpose of the coins and the prospects etc are some of the key things.

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Quote from: bitkanu on July 06, 2020, 09:21:04 PM

The important thing should be the product and whether how often the project updates his social media and that will not give a lot of impacts if there was no a rumour related to the product or development progress to be the reason for speculators to pump the price of token.

perhaps more precisely is the news of the development and use of products from the platform. because when updates continue to be notified with a platform that continues to run it can create added community and market support. it can strengthen the value of their coins in the market.

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Quote from: Desscount on July 05, 2020, 02:47:12 PM

in my opinion investing in altcoin that can give you profit is, investing in projects that are really active, like in social media, always updates the news, and always has a good roadmap, look at Coinmarketcal and you can see potential and good coins to buy

The important thing should be the product and whether how often the project updates his social media and that will not give a lot of impacts if there was no a rumour related to the product or development progress to be the reason for speculators to pump the price of token.

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Quote from: LbtalkL on July 06, 2020, 01:32:19 PM

What I am looking for now is their marketing and genuine partnership, of course not just ordinary partnership, a partnership with a reputable project is a plus point. When a reputable project trusts them there is a possibility that they are good and have potential. There are some unique ideas of a project but they lack strategy and marketing so it is a waste. I prefer a project now with good marketing and partnership, I guess those are still attractive to investors.

We cant deny that partnerships does really give a big impact towards projects credibility but it would still matters on how the project would perform out on their own.
Projects utility would really be the main criteria here because even it do lacks marketing, people will still able to see on whats the project is all about even in a small scope
of people whose aware on its existence. This is the primary thing that ive been looking for on which it do talks about projects relevance.

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What I am looking for now is their marketing and genuine partnership, of course not just ordinary partnership, a partnership with a reputable project is a plus point. When a reputable project trusts them there is a possibility that they are good and have potential. There are some unique ideas of a project but they lack strategy and marketing so it is a waste. I prefer a project now with good marketing and partnership, I guess those are still attractive to investors.

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The team behind the project is the most important. Because the success of a project depends a lot on a professional and well-known team. Depending on the unprofessional team you may not be able to invest in that project and your investment will be at risk.

Another thing I pay more attention to is liquidity. Because if your bought coin doesn't have enough liquidity then you can't sell the coins. So in order to hold a coin for a long time, it should be seen whether there is liquidity in the market of that coin or not.

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Quote from: shoreno on July 06, 2020, 09:37:22 AM

Quote from: peter0425 on July 06, 2020, 09:07:55 AM

At first i am particular in Roadmap because that is what the future relies so better those are clear,.

Next and the main thing to be particular is the Team behind the projects.

this will prove their truthfulness and their reliabilities .

Anyone can create a roadmap but the problem is that many projects still didn't bother to finish whats written on the roadmap because they already died in the middle of thier run . Others can write a promising road map too but they are only not legit . Same thing can happen on the teams , teams are also popular in terms of manipulation . Not just these but almost any requirements can possibly be fake now , it's hard to believe a true legit project today .

if there is a system for the project to be certified authentic, then we don't need to worry about the team on the project list,
but for a late roadmap that is natural things

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Quote from: peter0425 on July 06, 2020, 09:07:55 AM

At first i am particular in Roadmap because that is what the future relies so better those are clear,.

Next and the main thing to be particular is the Team behind the projects.

this will prove their truthfulness and their reliabilities .

Anyone can create a roadmap but the problem is that many projects still didn't bother to finish whats written on the roadmap because they already died in the middle of thier run . Others can write a promising road map too but they are only not legit . Same thing can happen on the teams , teams are also popular in terms of manipulation . Not just these but almost any requirements can possibly be fake now , it's hard to believe a true legit project today .

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Quote from: cryptoboy007 on July 01, 2020, 04:18:58 PM

Okay guys, hope we are all staying safe?

I felt I should get the opinion of some veteran traders here about investing in altcoins. What do you usually look out for before picking tokens for mid-term or long-term investment?

1. team behind the project?
2. type of blockchain?
3. real-world use-cases?
4. partnerships?
5. period of existence?
6. Stability of the token?
7. Just name them, anything you look out for

At first i am particular in Roadmap because that is what the future relies so better those are clear,.

Next and the main thing to be particular is the Team behind the projects.

this will prove their truthfulness and their reliabilities .

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Quote from: CuriousGeorge on July 05, 2020, 06:01:46 PM

Quote from: Leo on July 05, 2020, 04:47:57 AM

Majorly I look at the team and what experience that they have gotten as regarding blockchain technology, forget about white paper if the team does not have the experience or lack future goals about their project its a no go area for me. If you are thinking about choosing a project based on what is the white paper, someone might be wrong

I personally never try to consider WP as a good point anymore to call whether if it's good or bad project. WP is just a speculation about the future of the idea that has already made by the team but it can be changed by the team itself anytime.

You are right, we cannot completely rely on WP for investing, I will always choose the coin only companies who have already launched their manner. I will also consider their trading volume on a daily basis and these are basic things that company has good demand in the market.

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If you intend to invest in Altcoins such as ICO or IEO. I guess you should actually do the analysis. Some points that you say are correct to check out the project ICO Tau IEO.

I will try to add some suggestions? Check the project objectives. Projects that have unrealistic goals often end in failure. You should also avoid projects that have negative comments. Follow a community that supports the project, if it has a lot of negative opinions, I suppose this is a bad project.

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Quote from: [email protected] on July 06, 2020, 12:47:04 AM

Quote from: CuriousGeorge on July 05, 2020, 06:01:46 PM

I personally never try to consider WP as a good point anymore to call whether if it's good or bad project. WP is just a speculation about the future of the idea that has already made by the team but it can be changed by the team itself anytime.

Some scam projects even plagiarize other WP projects. when we have the experience we can see and choose that opportunity. but when we only choose projects with arbitrary and without consideration then we can be fooled.

I don't read WP, I rely on others to do that, the ones who know how to read it, who are experts in that. For me, 3 things are important, ideas, the team, and the community. The idea must be unique, the team should have some credentials, the community needs to be awesome and if it's like that I will invest.

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Quote from: CuriousGeorge on July 05, 2020, 06:01:46 PM

I personally never try to consider WP as a good point anymore to call whether if it's good or bad project. WP is just a speculation about the future of the idea that has already made by the team but it can be changed by the team itself anytime.

Some scam projects even plagiarize other WP projects. when we have the experience we can see and choose that opportunity. but when we only choose projects with arbitrary and without consideration then we can be fooled.

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Quote from: Leo on July 05, 2020, 04:47:57 AM

Majorly I look at the team and what experience that they have gotten as regarding blockchain technology, forget about white paper if the team does not have the experience or lack future goals about their project its a no go area for me. If you are thinking about choosing a project based on what is the white paper, someone might be wrong

I personally never try to consider WP as a good point anymore to call whether if it's good or bad project. WP is just a speculation about the future of the idea that has already made by the team but it can be changed by the team itself anytime.

Shasha80

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The most important thing to consider before deciding to invest in altcoins is where the coins are listed. If listing in popular exchanges,
such as Binance, Okex, Kucoin and Huobi will of course be very safe. Other things might be like the period of existing, type of blockchain
and team developer. All of these things are very influential for my consideration in determining the altcoins that I will buy for short-term
or long-term investments.

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Quote from: cryptoboy007 on July 01, 2020, 04:18:58 PM

Okay guys, hope we are all staying safe?

I felt I should get the opinion of some veteran traders here about investing in altcoins. What do you usually look out for before picking tokens for mid-term or long-term investment?

1. team behind the project?
2. type of blockchain?
3. real-world use-cases?
4. partnerships?
5. period of existence?
6. Stability of the token?
7. Just name them, anything you look out for

Well, I think that no check list is bullet proof, as there is always a margin for error and this margin is always larger than you think...
I always look at the team/use cases/ solid documentation /reasoning behind the project structure and strategy/business strategy - roadmap/ already acomplished goals.... but this is always prone to error.
Not to mention scams, but even concerning use-cases, a use case might seem great and then when you add certain details, or the power of the competition it will turn to s*it

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in my opinion investing in altcoin that can give you profit is, investing in projects that are really active, like in social media, always updates the news, and always has a good roadmap, look at Coinmarketcal and you can see potential and good coins to buy

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Quote from: Princeofpoetry on July 05, 2020, 06:14:56 AM

The points that have been mentioned are the most important things. especially who is the team behind the project. If the development team has a good reputation and is an professional in their work. I'm sure the project will have a good of trust by investors.

that's a crucial part when it was running by a fake team and the ico will be failed instantly. So many people were always trying to digging the information related to the team and their background.
We have seen a lot of people have been doing it since ico became a big trend.

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The points that have been mentioned are the most important things. especially who is the team behind the project. If the development team has a good reputation and is an professional in their work. I'm sure the project will have a good of trust by investors.

Leo

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Majorly I look at the team and what experience that they have gotten as regarding blockchain technology, forget about white paper if the team does not have the experience or lack future goals about their project its a no go area for me. If you are thinking about choosing a project based on what is the white paper, someone might be wrong

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