Topic: What I do before buying an altcoin! - page 17. (Read 4179 times)
As what every told me that the very first thing to do before buying altcoin is to be able to familiarize the best altcoins from the rest of them which has a bigger possibility than can survive in the crypto market, choose the altcoin which has a practical use in our society in which could difinitely attract many different investors and users alike that could help increase its market value.
If I buy a coin in longevity, then first of all I conduct a fundamental analysis, I study the product for the sake of relevance, then I look at the road map. You should also pay attention to the capitalization of the project.
I'm not too smart to read market charts but which need to be considered before buying an altcoin is to choose altcoin which at that time the volume trading is high that allows the price movement tend to be fast and good.
Think and choose wisely before buying an altcoins so you can't regret for the decision you made. 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.
Thank you so much for your detailed information, it will helps us and most of new peoples around. There are so much fake and scam out there, we need a lot good information for us.
I often see the development of coins that I will buy, I often check through social media like telegram, twitter and facebook. if the team that owns the coin is good how it works then I will invest on that coin.
Very good recommendations. The main thing is not to be lazy and try to fully explore the project. But unfortunately, our investments in the crypto market are not insured. Even if you exclude fraud, the developers sometime may tritely lack the strength to launch the project ...
it seems that we are doing with how to find out what the potential of altcoin we want to buy if you are sure will provide high value for future investment then I say it is suitable for you to buy and hold it in time you have been targeting.
You should first make sure that you have done adequate research on the coins which you wish to invest in. Look at them, read their whitepaper, ignore what others say about reading the whitepaper, it is your money and it is your job to secure it. Then find a good exchange platform and then buy your altcoins from there.
You should have to do a deep research for the coin in which you want to invest and have to wait for it for a few weeks to monitor its volume of trade on exchanges and its potential after that try to invest there.
Very good recommendations. The main thing is not to be lazy and try to fully explore the project. But unfortunately, our investments in the crypto market are not insured. Even if you exclude fraud, the developers sometime may tritely lack the strength to launch the project ...
First thing you need to do is to have a research on that altcoin.You must also check if it has a good potential and also you must need to check if there are many people who invested that coin.You need to know first the tokens before you invest it in order for you to be able to earn without losing any money.
Has Altcoin advanced along the roadmap? did they have strong partnerships? Does the team actively work? Are the projects realistic? Is the price at the purchase level? I look at them.
You should analyze, study the project and decide what you want from it.
Beside, the dev team is also very important.
Beside, the dev team is also very important.
besides that, you need to check the altcoin history so you know how good their journey in the cryptocurrency market and if you think that in the long-term, the price can increase higher, then you can buy it right now while the price still in the bottom. there are too many altcoin that you can choose to buy and you need to spend your time to buy the right coins.
You should analyze, study the project and decide what you want from it.
Beside, the dev team is also very important.
Beside, the dev team is also very important.
I don't know.I don't think that's interesting information.But it's probably because I don't believe in that stuff anymore.But I can say thank you.Since any information adds + to my education in the world of cryptocurrency!
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.
Doing this can be of help to get a sense of a really good buy... at least this is what I do.
What are your thoughts ? How do you do it??
Cheers!
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.
Doing this can be of help to get a sense of a really good buy... at least this is what I do.
What are your thoughts ? How do you do it??
Cheers!
Well before investing in digital currency market especially in altcoins which is very risky if your chosen coin / token / ICO will not last in the market chat. Checking development team of a certain altcoin is the best way whether an altcoin will last longer, it should have a good dev team in order to retain its platform in maintaining its investors not to go away. The altcoin should be supported by the community in which you will gain confidence investing in it.
I first analyze the project read on the forumnah I look the team of developers their road map further plans
Look for Cryptomoedas whose price is below a dollar, study the historical volume of the Cryptomoedas that you found with potential, see how often it doubles its value and if this has happened for a long time.
I look at its market cap first and determine if the coin is being valued at a fair price and not being overvalued. Also if it has an active community. As thats a must for a coin to thrive and succeed.
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