What I do before buying an altcoin! - page 31.

Pattart

hero member

Activity: 1190

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Quote from: 01BTC on February 14, 2018, 02:26:49 AM

Quote from: mrcastelo on February 09, 2018, 01:02:58 AM

Before buying any altcoin make sure to do an intensive research on the altcoin, by checking their social media accounts (twitter, facebook, telegram etc) know the people behind the altcoin how active are they in developing the project and read the whitepaper to have an idea about the altcoin.

Social media it's important too. The community management department it has to be one of the engines of each one so I think these are also a must.

Deconsidering these is definitely a minus...

I think many users already know how to do research before determining which coin is potential. sometimes I see a twitter account of one coin and see how their development. whether they have good goals in near-term such as pumps or specific price targets. when there are many people who talk about that coin with a hastag tag it might be a potential coin. I make it as a reference

Ini35

member

Activity: 448

Merit: 12

You advice is good and useful. I would just like to chip in some other things that i feel could possibly help, when buying or investing into an altcoin. You can look into the history of that coin and see the trend of the achievements mad since its inception. An altcoin with a stable market value has every tendency to continue to do well despite all odds.

snakey

legendary

Activity: 1386

Merit: 1001

When the market is down or having blood bath then i pick the altcoins which i want or i had missed to ride on.
generally look for the projects which have strong base and are having ICO, getting into pre sale and ICO are best way to make nice profit with margin.

crestella

jr. member

Activity: 252

Merit: 1

What i do before buying an altcoin ! Looking at the price in the market, looking for references from friends of users of crypto, looking for information where the good coin to buy or invest so that we do not lose and loss and surely we will get a profit.

MiXxe

sr. member

Activity: 462

Merit: 250

Quote from: 01BTC on February 03, 2018, 02:57:48 AM

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!

Your personal perspective in choosing was good. It's relevant in every coins to look for. For myself what i do is 1,2,3 and 6 in your guides. Additionally, i look for it overall supply marketcap and most importantly the activeness of the team because any good coin with a team can be great however in a circumstance that the team is not doing a cooperation with the community will not a good one. IMHO

JohnMacZeppelin

full member

Activity: 602

Merit: 101

Before buying a particular project, I would certainly advise you to still study the project and think about the prospects of this project. Because as far as I understand, every project requires attention. because you invest in the project your money.

junder

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Activity: 1092

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Leading Crypto Sports Betting & Casino Platform

It's better to read about of altcoins that before buying
and you can read some an analysis on web cryptocurrency. But many of people recommended to buy of ETH.

henmark

sr. member

Activity: 812

Merit: 272

Quote from: ICO Lancer on February 13, 2018, 02:37:04 AM

That's a pretty good approach, also applicable to ICOs and would definitely recommend to people doing that.

Obviously, either they are busy working and have a lot on their plate. The thing is that active devs may only be able to find little time to always interact, but most times they try as much as possible to post updates on what they are doing on their social media pages which is good enough. Most of the information that is needed are already online which anyone can easily lay hands on, and that should be good enough to know whether to be holding an altcoin or not.

zhangcaisbsbn55

member

Activity: 308

Merit: 10

Quote from: 01BTC on February 03, 2018, 02:57:48 AM

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 will read the white paper and find out the historyn of the team members to see what they have done.

01BTC

member

Activity: 462

Merit: 18

Quote from: joletartare on February 14, 2018, 04:50:35 PM

Quote from: 01BTC on February 03, 2018, 02:57:48 AM

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 follow these rules... and I add another one : "don't trust anybody!". The guru advisors that explains you where to invest never do it just because they're nice...

The thing with don't trust anybody is tricky just because crypto and online stuff relay on some piece of trust. If you were not trusting nobody, you would probably not going to give 1 penny to any coin. But i got your point... it's important to keep your eyes open and do your research before anything!! Cheers!

joletartare

member

Activity: 672

Merit: 22

Quote from: 01BTC on February 03, 2018, 02:57:48 AM

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 follow these rules... and I add another one : "don't trust anybody!". The guru advisors that explains you where to invest never do it just because they're nice...

yareklamator

member

Activity: 154

Merit: 10

Magic is real

Yes. You described the correct order of the necessary actions. I think this will help a lot of new people. Personally, I do this too, only I devote more time to the team. Since I do not give my money to people without work experience. And I also look at the advisers. How much they are known and what they say about the project.

removebeforeflight

sr. member

Activity: 696

Merit: 258

Your strategy is awesome. However, apart from the strategy you need to have logical thinking on what,when,where to invest. Strategy always won't work and there should be predictions, good decision and bit luck should favor you to succeed. All the best and keep up the good work.

CryptoTrip

full member

Activity: 476

Merit: 100

Your strategy looks good. I'm still reading the whitepaper to understand at what point in time it's better to buy a coin. And also I look that for people stand behind the project, their achievements, previous projects, etc.

saiteja01

member

Activity: 145

Merit: 10

Quote from: 01BTC on February 03, 2018, 02:57:48 AM

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!

Before going to an Altcoin see their proof of concept if they have prototype it’s very good but also go through their whitepaper once if they have all these things then it can assumed to be good. I have seen signals whitepaper and team came to conclusion to get some coins of this. But this all depends on individual interest

developer101dev

full member

Activity: 364

Merit: 100

Quote from: 01BTC on February 03, 2018, 02:57:48 AM

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 have a different way of investing on a specific altcoin, i prefer to invest on a well known altcoin like ethereum because i am assured that my coin will really grow its value. There are ico's who are promoting their coin but still there is no assurance on what will happen after their coins will be released in the market. The best thing to do is ask reliable people on what specific coin is the best to invest in order to earn more profit.

asepsetiawan1990

full member

Activity: 532

Merit: 100

the things that are done do quite right. It can take some time. Each individual has a different understanding. Then the time will be taken will be different in doing research as you do.

01BTC

member

Activity: 462

Merit: 18

Quote from: mrcastelo on February 09, 2018, 01:02:58 AM

Before buying any altcoin make sure to do an intensive research on the altcoin, by checking their social media accounts (twitter, facebook, telegram etc) know the people behind the altcoin how active are they in developing the project and read the whitepaper to have an idea about the altcoin.

Social media it's important too. The community management department it has to be one of the engines of each one so I think these are also a must.

Deconsidering these is definitely a minus...

ccryptopark

jr. member

Activity: 300

Merit: 5

It looks pretty sound. I did that with a great find: IoT Chain (ITC). Heard that they were the IOTA of china and delved into research. Really underrated coin found on this forum. https://coinmarketcap.com/currencies/iot-chain/

Boybugwal760820

full member

Activity: 308

Merit: 100

If willl gonna buy an altcoin the very first thing that I'll gonna do is to investigate first the altcoin if what really that altcoin will gonna offer to the general public and then make sure also if that altcoin will possibly grow in the crypto world and eventually grow and increase its market value so that you will be able to get back what you had invested along with the profit also.

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