I look for utility, benefits it proportionates to adopters, holders and investors. It usually comes as benefits inside an already existing platform or service. So you acquire the altcoin to guarantee extra advantages inside a service platform. If the offer is interesting and rewarding, I decide to invest on the altcoin. It's not easy, though, because most offers don't worth. Some look really good at the beginning, but on the practice it's completely different than you firstly expected.
Altcoins are always a risky deal, so if you want to avoid all the troubles, frustration and regrets of adopting them, I would advise you to just invest in Bitcoin currency that you won't have any headaches later. It's exactly what it promises to be, without any hidden nasty surprises in the end.
Topic: What do you look out for first when choosing alts. Utility or hype? - page 2. (Read 417 times)
July 04, 2024, 03:20:19 PM
July 04, 2024, 12:40:24 PM
For long term investment, utility is a must have. Also, i tried to make sure the project fit into the upcoming narratives that the industry is going to embrace next. For short term profit, hype is enough. That means if the crypto community is talking about a project, that means money is flowing into it. This is a chance for a short term profit because of the huge retail cash inflow into that project. Most of the ALTs are scams, so its not very hard to identify the utility focused project.
July 04, 2024, 11:38:56 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
1. Meme coin bag
2. Long term bag (Utility based)
We do know that when it comes to meme coins then it would be ideal that you shouldnt be holding up for too long considering that these coins are really just that easily get rugged.
On the moment that you've seen that there's a strong community hype and support then you could really take up some risks on buying it but of course we do know that it wont really be
giving out that guarantee that you could really make money if ever it would be making up some pump. If it turns out that it did make out some moonshot then lucky for you
but if not then you would really be ending up on holding tons of shit coins in your bag.
When it comes to long term bags which is mainly composed with BTC along with some top altcoins that we do have in the market. There would really be that
a specific division in between long term solid projects and with memes. Important thing is that you do know their differences.
July 04, 2024, 11:25:00 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
I honestly don't choose altcoins for longer term. The only exception is ETH. In the past, I had some XMR for long time. Altcoins are not much useful for investment unless you understand the hype around it. So I am sure no one chooses altcoins for utilities to be honest.
Obviously exceptions are there! Some altcoins do have utilities as mentioned above. But majority of them do not have any utilities. It's mostly a pump and dump game!
July 04, 2024, 11:11:59 AM
~snip~
Depending on the term of investment, the hype helps with a quick flip.
On the other side, even some projects with similar utility, demand, and number of users can give a good boost!
Yeah, you're right with that as well but my point of view is for the long term but it seems that I'm missing the part of the short term traders and investors. And with those matters, whether having the same utility or purpose, as long as there has been an established connection to its community and other factors, it can survive. July 04, 2024, 10:17:42 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
Because with all of their purposes, all of it ends with tokenomics. Yes, they're all ending with that and focusing to the actual market and forgetting the actual proposal that they've made before on what sector they're representing and working on. As long as their token gets popular and hyped and listed to known exchanges, the purpose is forgotten and they're focusing on the volume of the trades instead of the original reason why they've made their projects. So, that's why I've said that most of them are just almost the same and like a try and test type of projects until they succeed.
Depending on the term of investment, the hype helps with a quick flip. On the other side, even some projects with similar utility, demand, and number of users can give a good boost!
July 04, 2024, 10:08:16 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
Because with all of their purposes, all of it ends with tokenomics. Yes, they're all ending with that and focusing to the actual market and forgetting the actual proposal that they've made before on what sector they're representing and working on. As long as their token gets popular and hyped and listed to known exchanges, the purpose is forgotten and they're focusing on the volume of the trades instead of the original reason why they've made their projects. So, that's why I've said that most of them are just almost the same and like a try and test type of projects until they succeed.
July 04, 2024, 09:20:33 AM
Since you mentioned long-term, then hype should not be part of the options because hype is for pump-and-dump coins like memes, OP should go for utility, team and tokenomics if the coin is that good the hype will eventually come and that hype is not just one time and will continue from time to time.
Altcoins like XRP, Ethereum and Solana are getting hype from time to time because they are altcoins for long-term holding; memes should never be part of long-term holding.
Altcoins like XRP, Ethereum and Solana are getting hype from time to time because they are altcoins for long-term holding; memes should never be part of long-term holding.
July 03, 2024, 11:08:17 AM
but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till now
If we're going to talk about short-mid term hyped memecoin trades, then sure. Because why would you even care about the utility, team, and tokenomics if we're just talking about memecoins lol. But OP was asking about "picking altcoins to hold for the long term"; so I'm not sure why you would hold nonsense memecoins for long periods of time.
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
July 03, 2024, 10:51:53 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
For me its both utility and hype. Hype generally mean quick profits, they don't have to be a good coin. And with utility, you are always right on long run. Hype sometimes might be deceptive but utility never disappoints you. And when you research about the utility and the fundamentals of the coin, you'll be able to successfully chose a winning coin. For example if anyone buys Ton coin at current price of around $7.9, its almost sure that this coin would make you x2 within a couple of years. But with hype, the coin may make you x10 in a few months or you would lose your money.
July 03, 2024, 10:42:14 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
I consider hype is the most important factor when choosing alts. Based on my true story, I have invested in the token with and without utility. The one without utility has the biggest hype, but the one with has the most utility. Surprisingly, my utility token does nothing for me, while my non utility token gives me huge return.
Then, i consider hype is the most important factor to help you generate some mone. I don't really care what utilities, how good tokenomics, or how professional the team behind it. In fact, meme token doesn't have it all, yet they surge even higher compared to the majority of utility tokens in the market.
And for me, hype is everything in crypto.
July 03, 2024, 10:21:59 AM
I will never hold altcoins for long term because altcoins aren't good thing to hold for long, it's just used to make money in short term.
So, when choosing alts, it's better to choose hype over utility, hype can pump the price, while utility is really useless. Most people don't care about utility, if people are paying attention with utility, coins like Monero, Litecoin, DAI, etc etc should have been joined top 10 ranks.
As we can see shitcoin like BNB, XRP, USDT are the coins that in top 10 ranks.
So, when choosing alts, it's better to choose hype over utility, hype can pump the price, while utility is really useless. Most people don't care about utility, if people are paying attention with utility, coins like Monero, Litecoin, DAI, etc etc should have been joined top 10 ranks.
As we can see shitcoin like BNB, XRP, USDT are the coins that in top 10 ranks.
July 03, 2024, 07:24:38 AM
It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.
But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.
but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till nowBut for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.
This is exactly my point.. noticed Well3- yesterday like I opined, but no too much hype on it. Now that it's on Bitget spot let's see if they'll be momentum.
July 03, 2024, 07:19:15 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
So, what factors do you consider most important? Let’s discuss!
Utilities This is what defines the nature of the coin and what it can do to the community
Team The capabilities of the team that will see the completion of the roadmap
Tokenomics The sustainability of the token
Hype I put it last because the hype will come when everything is in place; if the hype is what matters to the team, then the coin has no real value and real goal to achieve.
July 03, 2024, 04:35:59 AM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
We all know that altcoin is not for a long term hold, at least only the top 10 might be good, but the rest is just for pure hype and pump and dump and so it's hard to look at what factors we need to so it really depends on each on us here.
And for sure, there could be guys that are really for a short term profit and to flip as fast as we can. And so if this is the case then it's more on the hype itself and after the hype has died down, we go on the next and the next, so for sure you know what at mean. How many of us read the whitepaper or do investigation? None, so I guess majority would agree that it's more on the hype itself.
July 03, 2024, 03:22:19 AM
It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.
But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.
but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till now But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.
July 03, 2024, 01:41:35 AM
It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.
But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.
But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.
July 03, 2024, 12:52:11 AM
So, what factors do you consider most important? Let’s discuss!
Obviously you would want to consider both since we want to make profit but at the same time we need to ensure that it will be maintained and not much of a risky choicebut at the end of the day profit is still what we are aiming for so it makes sense if you just look for hype for now
July 03, 2024, 12:08:19 AM
hype and tokenomics mostly, as much as I like to talk about utility but the market just doesn't really incentivizes project with good utility instead all the money goes to the hypes, can you see all those L2 with hundred millions market cap? most of them only give some random governance token with next to nothing utility except for voting governance but they still scored good market cap anyway.
I've seen plenty of coins offering utilities only to fail, the truth is, the market just doesn't seem to care about utility at all, the hypes matters most in this case, otherwise the meme coins aren't gonna get valued at billions.
but despite hype, always look at tokenomic and the vestiing unlocks, these are the thing that hold me from investing in a hyped project f thngs doesn't look good with the tokenomic, imagne VC bagging millons of dollars ready to dump at you next week just because that's the time they got their allocation unlocked.
I've seen plenty of coins offering utilities only to fail, the truth is, the market just doesn't seem to care about utility at all, the hypes matters most in this case, otherwise the meme coins aren't gonna get valued at billions.
but despite hype, always look at tokenomic and the vestiing unlocks, these are the thing that hold me from investing in a hyped project f thngs doesn't look good with the tokenomic, imagne VC bagging millons of dollars ready to dump at you next week just because that's the time they got their allocation unlocked.
July 02, 2024, 04:56:13 PM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
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