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Topic: What do you look for when buying new coins? - page 4. (Read 1023 times)

full member
Activity: 147
Merit: 100
I think long term you look at the product (if there is one for the coin), see what the dev team have done in the past/are doing, gauge the size of the community, and look at the trading history to see how liquid it is.


Short term, day trading techniques are the go.
member
Activity: 69
Merit: 10
I think looking at the value proposition of each coin as well as the friction points that stand in the way of reaching its stated goal (technical, adoption related due to government etc) and where the price is in relation to the previously mentioned points.

And then of course there is common sense...  Smiley

Lol, which seems to be lacking in a lot of investor's minds! Cheers for adding some salient points, need to continue learning methinks.
member
Activity: 69
Merit: 10
I always have a look at the total supply and the circulation supply. If the total supply is too high you should always watch out Wink I prefer coins that are still under 1 mio Mcap and showing up some nice stuff Wink Elix was one of that coins the last days. But I am still hin, its a great project!

That also sounds like a good strategy- plus Elix must have made you a pretty handsome profit, nice call Smiley
newbie
Activity: 22
Merit: 0
I think looking at the value proposition of each coin as well as the friction points that stand in the way of reaching its stated goal (technical, adoption related due to government etc) and where the price is in relation to the previously mentioned points.

And then of course there is common sense...  Smiley
sr. member
Activity: 560
Merit: 250
Especially what i see is supply coin with a logical value. Or may include cheap price. And exchanges, if new altcoin uses a bonafide exchange then i will buy and hold it.
sr. member
Activity: 672
Merit: 250
Wanted to see what long and short term speculators look for before they take the plunge and buy into current and new coins/tokens?

I know there is variable factors including circ, volumes, chart analysis but wanted to get some
inputand successes he community has had in such a volatile environment.

Thanks!

ussually for short term i take to coins after launch from ico because its condition when bounty hunter, investor and trader do a lot transaction
full member
Activity: 225
Merit: 100
Augmented Reality World Discovered
For me, idea, team, what is project looking to resolve,
road map, exchange presence

 
full member
Activity: 342
Merit: 108
Bounty Detective
Well First of all I'll look for the value of the coin in the marketplace, then its volume , how is the exchange rate of the coin. If the value of the coin is high then maybe its has a potential to be in demand for all the investors and buyers . I also looks for the exchanger site of the new coin cause some sites nowadays are most likely scam and we must be aware of it.
sr. member
Activity: 1274
Merit: 264
Wanted to see what long and short term speculators look for before they take the plunge and buy into current and new coins/tokens?

I know there is variable factors including circ, volumes, chart analysis but wanted to get some
inputand successes he community has had in such a volatile environment.

Thanks!


First of all, you need to check their roadmap and what is the future plan for the project. And of course you need to check who is behind this project.

It is easy to buy new coins but you will also need to check the chart history and most important the 24hr Volume, you will see if people just wanting to do trading on this volumes and how much money thwy spend on it. I would recommend to see the features of that peoject before buying their coin/token.
full member
Activity: 238
Merit: 101
ICO reviews through objective analysis
Well, as small investors ourselves we like to do a thorough check on why that specific token will be the next thing. That's how we got to doing reviews - for ourselves and for others like us and you to read and make an informed decision. The most important thing is that we're always objective.

https://cryptorated.com
full member
Activity: 280
Merit: 100
At first i was looking for fundamentals (Team, Vision, Company), now i have a some nice (hopefully) successfull projects (i will rebalance if needed)

Lately i tried putting my ear to the ground (hust reddit, biz hust) and i got some pumps, dont know if this are serious projects

Cheers
hero member
Activity: 1680
Merit: 505
I read the coin's whitepaper and check the community behind it.
I also search if there's already a coin with the same idea and if so why it failed and could be improved.
For extra confirmation if the coin is good priced, I do some calculations to see what the price would be if the supply was equal to that of Bitcoin.

This answer can direct many new users! Well formulated brief could guide and give some knowledge about! Regards.
member
Activity: 140
Merit: 10
market cap is very important but the roadmap and upcoming updates are very important for me.

For example Lisk has been falling a lot recently but I know there is rebranding coming soon, same for siacoin, falling but big announcements on the way.

I would say current price(marketcap)and roadmaps/updates
full member
Activity: 574
Merit: 108
Wanted to see what long and short term speculators look for before they take the plunge and buy into current and new coins/tokens?

I know there is variable factors including circ, volumes, chart analysis but wanted to get some
inputand successes he community has had in such a volatile environment.

Thanks!

First, thou must check its resitance via checking its chart and identify the value if stability. Once you determined it already, you know how will it go for the next couple of hours/days as expcted. Through this technique, you can make profit at a short time of period.
sr. member
Activity: 647
Merit: 260
I always have a look at the total supply and the circulation supply. If the total supply is too high you should always watch out Wink I prefer coins that are still under 1 mio Mcap and showing up some nice stuff Wink Elix was one of that coins the last days. But I am still hin, its a great project!
full member
Activity: 280
Merit: 100
1. I check first that the market cap is of a certain coin not lower than ~25.000.000$ (below there are too many scams and shitcoins) and not higher than 50.000.000$ because a too high market cap means that the coin cannot grow enough (e.g. x100). Look at coinmarketcap.

2. Now I check what the people in the forum, on steem, reddit and other social media write about this coin

3. One of the most important things is to check how active the developers are (e.g. in coingecko.com), reading whitepapers, etc..

3. Then I check on coinmarketcap where to get this coin (is it available at many exchanges or just a single one?)

This is no guarantee to select only the best coins but should help to prevent total hopeless coins.
hero member
Activity: 1610
Merit: 507
i think for new coins there is big gap for the price so we can trading with fast but be careful, sometimes the price is trapped us in high price because i have seen this before. i always take a look for 5 minutes trading for new coins and i think its enough to see how much big the different and with some step, i think we can make profit by following the price  Grin
hero member
Activity: 924
Merit: 512
October 03, 2017, 09:14:18 AM
#9
Wanted to see what long and short term speculators look for before they take the plunge and buy into current and new coins/tokens?

I know there is variable factors including circ, volumes, chart analysis but wanted to get some
inputand successes he community has had in such a volatile environment.

Thanks!


Everyone will check the ICO coins with the promotion variation and complete information passed in the slack channel and then they will look out the whitepaper and its details in the forum.
You have to be aware before investing on any ICO because you may get scammed by anyone who scamming in the way of new ICO.
member
Activity: 69
Merit: 10
October 03, 2017, 09:12:35 AM
#8
I read the coin's whitepaper and check the community behind it.
I also search if there's already a coin with the same idea and if so why it failed and could be improved.
For extra confirmation if the coin is good priced, I do some calculations to see what the price would be if the supply was equal to that of Bitcoin.


Really really good way to assess buys (particularly like the comparison with b/c), cheers for that is really good food for thought!
hero member
Activity: 644
Merit: 500
October 03, 2017, 09:12:26 AM
#7
Wanted to see what long and short term speculators look for before they take the plunge and buy into current and new coins/tokens?

I know there is variable factors including circ, volumes, chart analysis but wanted to get some
inputand successes he community has had in such a volatile environment.

Thanks!

support behind is also important mate, noticing how dev will make a wall in order not to being played by whales sometime if you really looking for quality
project you will also look deeper from the chart allowing yourself to understand that dev really cares about his creation, I always check updates and future
plans from the team and see if they really making good movements so the promise can be fulfill not as quick as PND but realistic movements from the support.
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