Topic: What I do before buying an altcoin! - page 15. (Read 4202 times)
Main concept in altcoin trading is don't obtain at ace book and never convey name on bath being dread as fresh as don't get-up-and-go with sometimes complete chit-chat space in exchangers.
Before I buy altcoins. I'm getting better at studying the market. Understand which crypt is now perspective and relevant. Coca has development and stable growth. And then I decide which one to invest in. The key point, I never rush.
I think you should ead a lot of analitical materials, read the roadmap and look at the graph, listen to your intuation. And making a research and deep investigation must be done first before investing in an altcoin.
You have to put resources into the digital money, while the token is still in the ICO organize. That is the point at which you have the chance to purchase coins at the most reduced cost. Amid this stage, the coins have just a single way. They can just climb. It is important to choose the right token, since it can likewise tumble to zero. When it enters the market, the Cryptocurrency will make a sharp hop, which implies that it is a flag available to be purchased. Because of this you will have the capacity to get from 100 to 300 percent of the benefit. On the off chance that the surge isn't solid, direct, at that point you will get from 50 to 100% of the wage. This is a viable strategy. In any case, here it is right to put not in one money, but rather in a few tokens for hazard expansion.
You should analyze carefully before making any investment decision on any coin. First you should ask the community of the project and look at the contract, route and everything.
I concur with your announcements, it is very great to examine a coin before you put cash in it by one means or another. Capitalization does not imply that the coin is great, it happens that the coin is misleadingly expanded for its own particular purposes, so you should be watchful.
Before buying an altcoin, I try to read about its project and it founders/managers. How well the coin has done since it existence, other people's review on it, and then lastly, I follow my intuitions. If after doing all the analysis and my heart still can't carry investing in the coin, I just chill and not force it.
I think as of today it is very important to check the history of the project development, team and all possible resources. If there no product to check or if there no progress in development just start looking for another coin.
Before you invest your money in some ICO or ALTcoin, you have to read a lot about that coins and knowing the risk of asets you'll invested. And don't trust suggesting of many people, but you have to believe in your self before you investing.
To begin with we have to choose that the speculation will be long haul or here and now then we need to pick the coins in view of the measure of capital we have.The least expensive coin will give more benefits however the possibility of losing the venture with shabby coin is high so it accompanies high risks.I dependably run with the coins which has been in the market for extensive stretch with the steady value this is great coin to contribute on long haul.
Lovely pointer right there man. What I normally do is I join the telegram group and see the community sentiment and how they perceive the project.
Yeah i agree you should research first it will be good if you syltart research here in this forum. Then analys the market and choosy best altcoin that you think have a potential. Then buy and hold it.
So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!
Research it takes a few days/weeks so if u're in this fase take your time.
1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/
5.Watch this tool from investing.com - find here the explination: https://bitcointalksearch.org/topic/m.29503403
**LATER EDIT:
6. Team - research moust of the members on linkedin and google , also the backers or advisors.
Yeah, I do all the steps you've listed.Research it takes a few days/weeks so if u're in this fase take your time.
1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/
5.Watch this tool from investing.com - find here the explination: https://bitcointalksearch.org/topic/m.29503403
**LATER EDIT:
6. Team - research moust of the members on linkedin and google , also the backers or advisors.
Just to add - communication in Telegram can be one of the milestones when choosing the right project to invest into.
Intense exchange of ideas and prompt resolving of the arising problems is the key success factor when building the trust of the community.
For me, a coin should be innovative to be considerable. To understand this, you can start reading the whitepaper of a project and also reading the comments about the project and the developer team.
Before buying an altcoin, ln my opinion, we have to check project and the team very wel and then i read whitepaper and also find some information on bitcointalk to know if the altcoin legit or not
exactly once, the steps you mentioned earlier I often do before deciding to buy a coin but it's just on paper, for growth I think no one is able to predict exactly so I often use my intuition after seeing the information whether the project will be successful or not.
In the cryptocurrency world there are a lot of coins that exist with different function. The competition is tight and it's up to the buyer how meticulous he/she is. And I do agree that you need to read more about the coins that might interest you. Join a forum cause it will help you a lot too.
First thing you need to do is to have a research on that altcoin.Choose a better altcoin that will help you to get a huge profit. Make an own research, study and read it so you will know if it is reliable and trusted coin. You need to decide well what you feel it right.
all of that option is necessary and useful. the good thing about our present age is that we can get information for almost anything via internet search. search out such coin, read the whitepaper, check out their previous project history, ask people who have been in the business for long, know their roadmap, see the usefulness or relevance of such coin in the future to either hold or sell.
Social media followers isn't important indicator in my opinion, because it might be fake as the project can get thousands of followers by doing an airdrop, people will join for the money and there is a possibility they aren't interested in the project.
Jump to: