Topic: What I do before buying an altcoin! - page 34. (Read 4179 times)

If you are investing it for long term, you have to focus more research on the team behind the project because they are the one who will handle it and other research is just secondary. If you justify that this team can deliver what they trying to achieve then time to do more research on roadmaps and the idea if it is possible and realistic.

thats exactly what im doing by the way just add reading the whitepaper of the coin or token to determined if the alts is a good project.
doing research first before investing in a project is low risk and you will confident of your investment.

Don't forget to make a plan regarding your investments, make a visual timeline of your expectation and actions whenever certain scenario happens which will make you less surprised and more ready for unwanted events. Know that the market are ever changing and the faith to your altcoin is important but it wouldn't hurt you to have a plan or two.

You almost got it,but you should be researching about the whitepaper and roadmap of the project,the product itself if it has some use in real world which will make this project to achieve success.

team research is very important. some scam coins using random photos in the internet instead of team photos. i am just searching these photos with google. this could be a lifesaver.

It is a good checklist if you plan to buy some coin and hold it. For short term speculation it will be enough to go through the official site and social media. Buy at low,  sell at high. Pretty clear and fast.

all the infomations that you shared are neccessary before you buy an altcoin, but i think you have to learn how to control your emotions. that's one of the most reason that make people lose money

Before investing money in a coin, I look at the white sheet, the road map, check the social network, I look at the presence of the site.
And only after that I start weighing all the pros and cons)

As for me, I do all the things you have enumerated, but I also spend some time (2-3 hours) in the evening, after work, to watch the latest videos from crypto bloggers. It helps me a lot in making this choice.

Before buying any altcoin, make sure to researcj first about the altcoin, their social media accounts (facebook & twitter account ) , how many followers do they have , are they active posting new about their recent events, check their whitepaper, good roadmap and the profiles of peoplw behind the ICO.

Thanks, yea it's not a receipt for each case but it might be of help doing such things before and not find yourself in bad project

Good information for beginners . And you are right before you buy something, examine what you take . Which team is behind the project , what is project as actively going development and promotion of the project . So many factors affect the growth

Thanks , yea this was the main idea so that we could give each other some advices in order to make things , the right way

First I am searching about the coin. I am looking for any information on any place I can get it from.
Before I buy I am considering:
 
1. Total supply
2. Popularity.
3. The main idea/ the goal of the project
4. The team behind it
5. Community

If I am happy with all of the above I will proceed. If I don't like something I will just pass.

This forum literally helps individual to understand the process to make trading. In very generous manner this topic is been updated. I personally would like to acquire more information if anyone has a unique strategy which can he helpful for others as well. I'd like add.one more thing if anyone can answer about mining as well including this topic.
Cheers

Each altcoin has something special and unique, but for me very important the purpose of the company that offers its own cryptocurrency. Their advantage over others and feature.

I definitely feel like there are more measurable qualities like you mentioned, but you should definitely
at least make a nod to some of the more subjective parts of a business. Questions like these:

How do they present themselves on the websites and whitepapers and print?

Do they use sensational language or hype advisers that aren't actually personally invested in the project?

Are they using language that implies any false claims about projected return rates or promises of short
term gains without supplying proof that they have been successful before?

Think about their presentation - How does their market strategy reveal their attitude towards their
customer vs their attitude towards their investors? Do they seem genuinely interested in a quality
product?

Are they talking about other companies when they describe themselves or are they focusing on
a unique vision and trying to target a specific area of expertise or quality in the service/product.
A beginner company trying to accomplish too much too fast will have a much harder time making
an entry without serious quantities of investment. Think about companies with a single quality
product or service and about teams with relevant experience for that product or service.

Quality products have the best chance of being appealing to long term customers, which is where your
returns will probably come from!

This advice also assumes you're interested in investing for the long game though.

That's right, coinmarketcap.com is the best place to visit if you're going to put your money in Cryptocurrency market because coins are volatile and investing will give you a lot of money risks that even turn your money into nothing.
Coinmarketcap.com is the list of coins that are being circulated and already holding value, those coins already hit Cryptocurrency exchanges and people would prefer the history of each coin through this site because it's more accurate than any other sources.

Buying Altcoin needs research and you'll spend much time on research because your hard earned money should not be put at risk.
Cryptocurrency is volatile that's why we need to know you coin first before putting our money.
I would suggest that you'll forget ICOs and refer Www.coinmarketcap.com because the coins that are being listed are the ones who passed and some kind of semi regulated and accredited coins that is worth the investments.

I usually go on CMC, go through the historical data to analyse the previous price point and if there is some sort of consistency. If there is, I check out the social media pages to ensure they are active.