Topic: What do you look for in an altcoin ? (Read 83 times)
I think if the idea looks possible to me then the project will probably work. If they have code that's a much better guarantee.
It is difficult to segregate scam altcoin from the genuine one. Checking of the developers background and their roadmap will help us to be confident to what we will join. Whitepaper can also be a checklist when it comes in selecting new altcoin.
I believe that successful ICO's has the potential to become altcoin. However, we all not know if the altcoin is scam. We all not know if the developers will run or not.
I believe that successful ICO's has the potential to become altcoin. However, we all not know if the altcoin is scam. We all not know if the developers will run or not.
Well, I would not say that there are no people involved in the analysis of new coins.
I think there are many such people and I can say that I myself know a couple of these.
It's just that these people do not tell everyone what and how. And they just do the analysis for a certain circle of communication, and they understand that they need someone who will find them)
I think there are many such people and I can say that I myself know a couple of these.
It's just that these people do not tell everyone what and how. And they just do the analysis for a certain circle of communication, and they understand that they need someone who will find them)
Honestly I think it's many factors. it could be the idea, founders, demand, roadmap market cap, strategy, and/or marketing.
My recent favorite would be polymath. for me, they are doing something truly unique and timeless....bridging wall street to blockchain. No one's done it yet and they have an impressive team behind them along with a roster of firms ready to tokenize. Quite a bit of buzz around them. https://polymath.network/
My recent favorite would be polymath. for me, they are doing something truly unique and timeless....bridging wall street to blockchain. No one's done it yet and they have an impressive team behind them along with a roster of firms ready to tokenize. Quite a bit of buzz around them. https://polymath.network/
I am just curious, what are people general looking at when investing in a new altcoin ?
It may be a symptom of the fact that altcoins by nature all decentralized and open source but The market is crowed with hundreds of coins that as far as I can tell are not very differentiated or have weak use cases that have solid price performance.. add to that anytime there is a compelling use case there are copies/forks...
How to sort the wheat from the chaffe ? Why are there no analysts doing detailed research on coins at this juncture, I would have expected some smart CFAs to come in and capitalize on the lack of analysis by offering a paid service of some sort.
IMHO The biggest success's in terms of return on investment over the past 3 years have generally been coins that are controlled pretty tightly by the devs are hard to duplicate and have been well funded... can that provide us any insight ?
It may be a symptom of the fact that altcoins by nature all decentralized and open source but The market is crowed with hundreds of coins that as far as I can tell are not very differentiated or have weak use cases that have solid price performance.. add to that anytime there is a compelling use case there are copies/forks...
How to sort the wheat from the chaffe ? Why are there no analysts doing detailed research on coins at this juncture, I would have expected some smart CFAs to come in and capitalize on the lack of analysis by offering a paid service of some sort.
IMHO The biggest success's in terms of return on investment over the past 3 years have generally been coins that are controlled pretty tightly by the devs are hard to duplicate and have been well funded... can that provide us any insight ?
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