What did you look out for before investing in an altcoin? - page 3.

Reatim

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Eloncoin.org - Mars, here we come!

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?

This is one of the most part that i am digging whenever i consider investing in specific altcoins.

Because for me Team Members must be the one who will be proving the legitimacy of the project,because if they cannot be true in their team then the whole project is shit.

why would spend money trusting people that cannot be even true to themselves ?

This is a clear meaning of misleading and lying things that every investors must realized and go dipper each time.

sandra_x

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I think knowing the team handling the project and what they intend to achieve -the solution they are offering are the most important factor for success of a project. A good project should set out to provide a unique solution and should be handled by a competent team with integrity.

MCobian

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If I want to invest in altcoins, usually I look out of the team projects, the period of existing, where the listing, and trading volumes.
If I meet these criteria, then I do not hesitate to invest in these coins. Actually the more things we look out, then the coins are
very potential for investment. But I only look out for a few criteria for investment, because more choices I can choose.

mace15

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Before investing in a coin I do always check first if this has a real product working. Actually above list is very important in considering to buy a coin but of course we still have to do diligence before investing. Even the project is good at first some ended up failed. So we should also check on how they perform and improve the project.

rezakurnia66

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I think you want to try to invest in ICO/IEO. There are a few things we have to analyze, so we can get good Altcoin. The way you've mentioned above, I think it's the right way.

However, I would like to add that you should check the feasibility of the project. When you then choose an ICO project, people should consider the concepts, objectives, and strategies. So we also know about the future of the project. A good ICO of course not only has a profitable idea but has a goal plan to achieve it.

Febo

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

What did you look out for before investing in an altcoin?

If i want to buy an opensource PoW cryptocurrency that had fair launch without any instamine/pemine/whatever scamming. I ask myself if this coin have usecase and will be used 10 years from now. Nothing else. If that is the case then there will be developers and community. They will come to the project if are not there already.

If it is a sort of unregulated security. So an ICO token to backup a project, then I ask many more things beside usecase. Because here there will not be random developers jumping in. You are depending on original developers. They got paid in ICO to deliver and maintain. If they are not capable off or even just a scammers project dies.

Fakhrulenclix

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If say about investment, i think we talk about long term, and before investing i always choose top coin, such as bitcoin, ethereum, binance coin etc. But if talk about short term like join in IEO, the first thing is money of course lol.. The first thing is where the coin's using offering, if choose big exchange surely is good project because no shit project using big exchange

TWW

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Quote from: lobo13hf on July 04, 2020, 09:07:56 AM

I guess the stability of liquidity reflects the demand for the token. it must be considered as the main factor to determine whether it's worth to invest on such coin. You will never hold a coin that has no liquidity for long term.
Liquidity means demand in the market.

when an asset has no market demand, of course, that means there is a problem with their project. it will be bad if we invest in a project like that. even when they are listed on the exchange but don't have a pretty good request. then we can leave it far away.

lobo13hf

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Quote from: criket on July 03, 2020, 08:19:45 AM

Quote from: fauzan123 on July 03, 2020, 08:08:48 AM

I personally before buying a coin looking at the volume and market, other than that seen from the prospects of the project going forward when everything looks good, I'll buy that coin, ordinary will profit even though long term

if your orientation is for the long term why do you see the volume and current market conditions? if for trade then it will be very influential. but for long-term investment, I think the price of some assets on the market today is very tempting.

I guess the stability of liquidity reflects the demand for the token. it must be considered as the main factor to determine whether it's worth to invest on such coin. You will never hold a coin that has no liquidity for long term.
Liquidity means demand in the market.

Ridwan Fauzi

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First of all, I'll always buy a coin that in the top position, I will not buy a coin which has a position above 100, I don't know I just thinking that it is bad idea. So as I will trust with 100% that the coin is legit and never scammed me or the coin become shitcoin.

Secondly, I'll find an information or some event that will be held by the coin's developer. It is more fundamental direction but that is the informtant thing IMO. As an example, a few months ago I got an information that Cardano will be upgrade its system and I bought the coin when its price still $0.04 and now I've a profit even huge profit in it.

cryptoboy007

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Quote from: StephenJH on July 03, 2020, 10:59:09 AM

Quote from: Lordhermes on July 02, 2020, 01:10:00 AM

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

I looked out almost all the following listed, some projects seems to have and contains all of these but fail at the end. The best way to avoid being scam is to do a thorough research on the project before investing in the so called ICO/IEO,

Every step is really important, in my mind mostly newbies must follow these steps. That is why newbies can fall easily into scams because they don't focus on these steps. That doesn't mean if a project, which has these contains means a good project or something else. On the other hand they can be also unsuccessful at the end as you above mentioned.

That's right, a project could really start up smoothly and cool and later go to the dust due to some unforeseen factors.

ethereumhunter

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Quote from: StephenJH on July 03, 2020, 10:59:09 AM

Every step is really important, in my mind mostly newbies must follow these steps. That is why newbies can fall easily into scams because they don't focus on these steps. That doesn't mean if a project, which has these contains means a good project or something else. On the other hand they can be also unsuccessful at the end as you above mentioned.

Most new people will choose the coin from what they heard and read from the social media or their friends which telling them that one coin will increase so high. They can not search from the right source, and that makes them confuse about choosing the coin, and they think that it is better to follow their friend without searching more. I agree that if one project, all of that point, will be guaranteed to make a profit in the future because the project can discontinue in the middle of their phase if something wrong happens to them.

Sanugarid

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Quote from: _IRMAN on July 03, 2020, 04:38:04 AM

Invest in altcoin, that means investing in coins that have been traded on the market. Right ?
What I'm looking for first is :

Liquidity
Everywhere the coin has been traded

As he pointed out some factors I guess he's talking about ICOs not tradeable altcoins. If you experienced investing in an ICO project back then and got scammed then you probably won't do it again coz many of the projects now are scam. If you want to trade alternative coins just take a look at the top ranking in the chart, don't deep too hard so you can find a solo coin which will you believe that will give you 1000x profit. Worth to mention are ethereum, ripple and litecoin. These 3 altcoins is on my portfolio right now, I ain't missing any of these coz I know if bitcoin pumps this coins will do the same.

hahay

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Each time will provide solutions or different choices for us to have a project to invest, because it all depends on the situation that is happening. But, about products and partnerships is also a good factor to be used as a reference for us to determine whether to continue investing or stop early, because when they have a product that has at least a great potential for adoption then I think that is the first point that can be was made.

StephenJH

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Quote from: Lordhermes on July 02, 2020, 01:10:00 AM

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

I looked out almost all the following listed, some projects seems to have and contains all of these but fail at the end. The best way to avoid being scam is to do a thorough research on the project before investing in the so called ICO/IEO,

Every step is really important, in my mind mostly newbies must follow these steps. That is why newbies can fall easily into scams because they don't focus on these steps. That doesn't mean if a project, which has these contains means a good project or something else. On the other hand they can be also unsuccessful at the end as you above mentioned.

nelson4lov

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Things I usually look out for

Team and background of project : This is an important part of making due diligence before investing in a project. I need to be sure that the team isn't just out to rip users of their funds and have no plans to deliver on their promise. I also look at the project in general if it has potential to give returns — its not all about the money but hey, I'm supporting the project with my money, I need to be sure it can deliver – as an investor (If it's a token sale) or a trader (If it's already listed on a public exchange).

Community size and support: Aside from doing background checks on the team and overall project, I like to gauge their community support. In crypto, most of the successful companies/startups/startups have very strong community support. Don't underestimate this because it's powerful. When a large majority of project supports a project, it often has head way even in difficult situations, for instance, Bitcoin, Ethereum or even Ripple has been under heavy scrutiny at some point but the ever vibrant community was solidly behind it. That's a big plus for me whenever I take a look at any project. It's one of the things I look at for

cepot9

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A really good project, somehow expressing it is difficult. Such a project is truly beneficial and provides a real solution to an existing problem.

Slash61

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Quote from: glowing10 on July 03, 2020, 08:21:46 AM

Quote from: fauzan123 on July 03, 2020, 08:08:48 AM

I personally before buying a coin looking at the volume and market, other than that seen from the prospects of the project going forward when everything looks good, I'll buy that coin, ordinary will profit even though long term

If my investment horizon is very limited than I would also just look at the exchange it is trading and the volume and the existence of the coins. But when I am investing in some coins for the longer time then would definitely look into all the points mentioned by OP because it is you hard earned money being invested in some project and you would expect some good returns on it.

You are right. Long-term investment, of course, requires a good analysis with many considerations as the mentioned OP. but sometimes when we see the market going down, we are in a hurry to have an asset. consideration taken is the lower price, not the reason why there is a decline.

glowing10

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Quote from: fauzan123 on July 03, 2020, 08:08:48 AM

I personally before buying a coin looking at the volume and market, other than that seen from the prospects of the project going forward when everything looks good, I'll buy that coin, ordinary will profit even though long term

If my investment horizon is very limited than I would also just look at the exchange it is trading and the volume and the existence of the coins. But when I am investing in some coins for the longer time then would definitely look into all the points mentioned by OP because it is you hard earned money being invested in some project and you would expect some good returns on it.

criket

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Quote from: fauzan123 on July 03, 2020, 08:08:48 AM

I personally before buying a coin looking at the volume and market, other than that seen from the prospects of the project going forward when everything looks good, I'll buy that coin, ordinary will profit even though long term

if your orientation is for the long term why do you see the volume and current market conditions? if for trade then it will be very influential. but for long-term investment, I think the price of some assets on the market today is very tempting.

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