Topic: What I do before buying an altcoin! - page 24. (Read 4179 times)
Most people are buying altcoins without any reason. They are influenced by an advertisement first of all. But such way of doing is still worth to be practiced because altcoins are growing without any clear reason too.
Currently with the scams running around with the new coins being launched I would say to just stick with the older and established coin who have a proven track record and large community members. As it isn't worth losing your entire investment into these alts and less return is always better than no return.
things to do before buying altcoin, among others:
1. Look at the capital we have
2. do some in-depth research to find out information about which coin is good for investment usually I always see their website
3. Do not buy coins when price increases occur and when panic occurs do not sell them
1. Look at the capital we have
2. do some in-depth research to find out information about which coin is good for investment usually I always see their website
3. Do not buy coins when price increases occur and when panic occurs do not sell them
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!
I also suggest other people to go follow those trustworthy campaign managers like Needformoney Blockeye and other good campaign managerResearch 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!
it will be a good help . Here is the link I am following with
https://bitcointalksearch.org/topic/the-easiest-bounties-will-be-updated-accordingly-3111580
credits to the thread keeper of this one.
I always look at their website and how do they get cripto 
They are a lot of things you should do before you invest in any cryptocurrencies or blockchain project. So of course you should search htis forum and watch in the announcemend thread to the opinion of other members here who have more experience. They are also a lot of good telegram groups where people are discussion about cryptocurrency projects. You can also make a look about the dev team and google their names, and look what they did before.
Most of the time you need to check the market value of the project, this is a very key factor, if the project implements the open source code, then you can look for professional personage on the quality of the code, then you can judge.
Before you buy an altcoin, make sure to research first about the altcoin and their social media accounts (facebook & twitter account) how many followers do they have , are they also active in posting about their events? and do check their whitepaper, for good roadmap and the profile of the people behind the ICO.
In the market today, investing in an altcoin is very difficult. I read it carefully to find out the purpose, the route, the way to do it, and to understand the publisher's credibility, the support of the community ... I monitor the market and the transactions. on altcoin for a certain time. When selecting the potential Altcoin, the time to invest is also very important.
For now, the best way to be updated is this bitcointalk thread and telegram group.
You need to invest in the cryptocurrency, while the token is still in the ICO stage. That's when you have the opportunity to buy coins at the lowest price. During this phase, the coins have only one way. They can only move up. It is necessary to select the correct token, because it can also fall to zero. As soon as it enters the market, the Cryptocurrency will make a sharp jump, which means that it is a signal for sale. Thanks to this you will be able to get from 100 to 300 percent of the profit. If the surge is not strong, moderate, then you will receive from 50 to 100% of the income. This is an effective method. But here it is correct to invest not in one currency, but in several tokens for risk diversification.
I agree with your statements, it is quite good to study a coin before you invest money in it somehow. Capitalization does not mean that the coin is good, it happens that the coin is artificially inflated for its own purposes, so you need to be careful.
Before buying altoins you should analyze project and decide what you want from it.
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.
Before buying an Altcoin, you need to check your financial capacity. You can not buy an item without knowing how much money you have in your purse. Once you have tested your financial ability, you need to thoroughly research the Cryptocurrency market to choose a suitable altcoin. The suitability here means that the altcoin you intend to purchase must be within your financial capacity. At the same time, the altcoin must have a certain level of growth. The theory is simple, making it really difficult.
Wish you good luck and success!
Wish you good luck and success!
Most of the time you need to check the market value of the project, this is a very key factor, if the project implements the open source code, then you can look for professional personage on the quality of the code, then you can judge.
we need to always check the price before we decide to buy coins because we don't know where the price wants to go and only doing analyze, we can detect where it goes so we can buy at lower price. but sometimes, we make a mistake because we don't research deeply and only research with one thing and we don't listen to other analyze. for me, I will check what is happening in the market, check in the coinmarketcap, check the order buy and order sell and if I think it's enough to make a decision then I will do the next step to buy or to sell.
Most of the time you need to check the market value of the project, this is a very key factor, if the project implements the open source code, then you can look for professional personage on the quality of the code, then you can judge.
It seems a good advice.. we will check for it.. Thank you for the words..
also check the hardcap. lower is best.
check if they will burn unsold tokens.
check the bonus for the team and for private sale and if it is locked for a period of time.
Go Green!
check if they will burn unsold tokens.
check the bonus for the team and for private sale and if it is locked for a period of time.
Go Green!
You have mentioned all the fundamentals altcoin investors must check,and ofcourse this favors the bounty campaigns participants as well.to learn and be safe about those scam ico projects that coming in the circulations..i highly confirming about all your sights in every thing they must learn.
before buying altcoin there are some things to watch out for:
1. use strong passwords for bitcoin wallet accounts because it is vulnerable to hackers who potentially steal bitcoin
2. because bitcoin values are more volatile than other currencies it is not advisable to spend all your possessions just for bitcoin.
3. after sending transaction bitcoin can not be canceled then be careful of fraud.
4. the future of bitcoin is determined by the development of bitcoin because if bitcoin develops it will be good for bitcoin but if the bit more using bitcoin it will negatively impact the price and the use of bitcoin.
1. use strong passwords for bitcoin wallet accounts because it is vulnerable to hackers who potentially steal bitcoin
2. because bitcoin values are more volatile than other currencies it is not advisable to spend all your possessions just for bitcoin.
3. after sending transaction bitcoin can not be canceled then be careful of fraud.
4. the future of bitcoin is determined by the development of bitcoin because if bitcoin develops it will be good for bitcoin but if the bit more using bitcoin it will negatively impact the price and the use of bitcoin.
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