Topic: What do you look for when buying new coins? - page 2. (Read 1023 times)

For going long in new coins, I look for coins that solve a real life problem and/or do something considerably better/faster/cheaper than the existing benchmark coins.
If it doesn't meet these criteria a coin doesn't have much right to exist apart from being no more than pump and dump coin, which the majority of the coins are.

Look at the supply first no matter what if the supply it low and the price is also low invest in and hold for atleast 6 months. Now I'm not talking about coins listed on yobit but the top 50 coin if you find any such coin invest in it , one such coin is xvg or even trx.

Secondly look for the number of exchanges it is listed on if it is listed on 1-2 major exchanges invest in it because most likely it would expand and get listed on other major exchanges , but keep in mind they need to have active team and developers.

looking on their price is also a good indicator on whether you buy them or not but you may also consider to take a quick look at their specs on whether they have the potential to succed or not because i notice most people had always failed to do it and that that is also the reason on  why they keep loosing  their investment or trades instead of earning a profit but overall if you think that you already know the coin like for example the coin is popular and always been recomended , then go for it.

I always look at price charts. Know when is the best time to buy. If price is cheap then go for it. Buy.

Buzz among the experts !!!

I do some research myself, but only buy when confirmed by my sifus

Development team, local and global support. Plus, like anything there are the trends. I would tell you to get behind a coin that promises to help the Las Vegas shooting victims right now, because whether it is trusted or not, that is the trend that will shoot the price up. Pokemon last year, Olympics, politics, whatever. These trends come and go and they produce huge profits for coins.

For some people they look at how popular the coin is; if everyone is talking about it, they jump in. For others they look at what it provides, if it suit there interest, they invest. While other look at the developers; if they have a good history with digital coin, they hop in. Others, look at the investors, if there are renowned or known popular investors investing in the coin; they invest. It depends on which you fall into.

Good dev team that doesnt have behind them 10 previous coins,good idea that actualy makes a differnce and help current problems instead just erc-20 tokens.I try to stay away from shady projects without roadmap and with shity website,who are adviseres for that coin etc...

I think the most important characteristics  I look for is the safety and demand the currency has, if it as a good backup, and the price has been going up steadily i do my research and after reading the appropriate amount of info on the coin i make the investment, always keeping in mind that this is a new comer and you should get overly excited. be patient and cool-headed.

The team, their website, the whitepaper, their feedback on this forum, price forecasts and reddit

I think I will take a look their website, read about their project and if I can, I want to talk with the dev and asked everything that I want to them so I can have more additional info to decide to buy the coins or not. I think we can search all about the project and the dev with the team so it will help us to make the decision. besides that, we can see how good the coin in the exchange and if we can buy at a lower price then we have the opportunity to make a big profit in the future.

firstly the project must be realistic and have the potential, the more coins are sold the greater the chance that the coin will pick up the price, the main thing is how this project will consist in the real world and how it will develop at all, whether it has a prospect

I always look for a few things. Active community and dev team are crucial for the success of any new coin. A well planned out road map for the coin. Also something that has real world usefulness. Then once I believe those criteria are met, I keep an eye on it and wait for a dip.

In buying coin, I make sure that it is listed in a reliable exchange.  Second, is to know the people behind the new coin and the purpose of the project. Thirdly, the roadmap should be clearly define and well stated.

Actually, I have to research carefully before investing in new coins despite they can help me become richer. The first is the vision of the project. The second is the experience of team. The third is the method to do and the last the price of tokens,

seen in the past as to whether the coins have many enthusiasts or not, if yes of course inevitably will rise. But if devotees are slightly better hadn't purchased it because the benefits will not be much.

Of course, liquidity, code development and demand for it. And last but not least, the price, but it can greatly influence the decision. So each coin is like a complex mechanism, which one can not know at once on one of the indicators.

First I look at the technology and what purpose it will serve to a customer. Each coin has different features so in my opinion it is best to set up your portfolio in a manner that accommodates all purposes. There are other considerations including supply and the market cap, which will allow you to predict the growth of each coin depending on its supply and demand. I will tell you my portfolio and the reasons I chose these coins:

1. BTC (large transactions) - first to market, and will continue to hold the throne because it is the most widely accepted. You need this coin most of the time to buy other altcoins.

2. LTC (smaller transactions) - This coin is intended to work hand in hand with Bitcoin and the creator Charlie Lee has announced that many exciting features will be coming soon, and the possibility of many online merchants accepting this as a form of payment.

3. XSPEC (privacy) - I think with an ever increasing supply of internet connected devices and mass accumulation of data privacy will always be a concern. People want to protect their privacy and I think this coin has the best tech to do it. At its current supply/market cap, I think it has ENORMOUS room to grow especially considering the features that will supplement an already promising coin.

4. IOTA (device to device transactions) - Picture your car having a balance, that automatically sends payments for parking, or allows you to smoothly pay for gas at a gas station without having to pull out any credit cards or cash. Now imagine every internet connected device you have containing a balance that can communicate with other connected devices. I'm really excited for this one, but this is really long term.

5. XRP (banking) - This coin will for sure dominate any banking systems. I'm not too excited on the concept since it is centralized and the ridiculous supply doesn't allow for any huge growth, but I like having a diverse portfolio so I picked this for banks.

Technology
The team
Community

Better to look on their plans. Their goals in the future. Also if they have a good team of developers and if they have a flawless white paper. Better to also look if they will be supported by the people.