Topic: What I do before buying an altcoin! - page 4. (Read 4179 times)
if I am an amateur like this my answer. I only need to look at the transaction graph of the token whether it has a readable and good increase, then I will buy it directly.
before you buy altcoin you should be able to see the development of the altcoin and you should be able to see the requests and projects that are developed very useful for many people or not, because that is an important step before you buy altcoins. the altcoin you want to buy.
However, we all need to remember that most of tokens will be waluable only in several years, if everything will gone well. That is why you need to find way to check long-term reliability.
To me I think that before buying an altcoin it is too much important that you should try to study the project. You need to study their whitepaper, their members, their experience and also the roadmap of the project which can give you good information about project.
Before I buy any altcoin, I first look at how potential the coin is and the rate with which the coin is trending on the market. I also look at the number of investors who have invested in the coin and how it trades.
buying an a altcoin is not an easy thing first you have to make a lot of research and to watch its progress from teh beginning till the end of it.
The research takes from several hours to a few days. First of all, you need to read the whitepaper, to check the community numbers, the most important are twitter and telegram. Secondly, you need to research the team of this project and the product development level. I would also pay my attention to the rating websites.
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 you start buying acotton, you must conduct an in-depth investigation of the token until you think you can make a profit before making a purchase. 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 buying an altcoin i first make analysis and try to have every information about it and than i look its whitepaper and after these i make my investment.
That is a good post. You are totally right. Nowadays, many scam projects are flooding and many scam bounties and airdrops also. Better take precaution and properly make a good judgments based on your research.
I mostly buy only those coins that are already being traded on the stock exchanges and for me the main indicator is the chart of the coin, where I can see what is happening and at what stage the asset is, whether it is time to buy a coin or still need to wait a little longer.
You need to be aware that the market price of the altcoin you are about to buy is low and you get the news somewhere it will increase, or you guessed it. It is a bargain if you check and buy back, then you will be profitable, profitable 
.
You need to be well inform and you fully understand how to read charts and graphs so you can review whether the current value already dip or you.need to wait for some time, also you need to know how good the potentials of that particular alts if the development is still progressing and if there's
a lots of good news to come so the value will be hype, better to read a lot regarding to your target coins before you decide your actions.
You need to be aware that the market price of the altcoin you are about to buy is low and you get the news somewhere it will increase, or you guessed it. It is a bargain if you check and buy back, then you will be profitable, profitable .
You need to be well inform and you fully understand how to read charts and graphs so you can review whether the current value already dip or you.need to wait for some time, also you need to know how good the potentials of that particular alts if the development is still progressing and if there's
a lots of good news to come so the value will be hype, better to read a lot regarding to your target coins before you decide your actions.
first before buying an altcoin i analyse it from the beginning i mean almost every detail about it and look for the future projects and then i search whitepapers and these are really enough before buying and i never regret for any of them
If you have to buy altcoin from this bearish period, I would suggest that make a deep research of the altcoin that you want to buy, because most of the altcoins now are dead or a priceless coins already. But if you have your reliable source for a potential altcoins that will progress in the future, then it depends in your own decision accompanied with your strong faith..
You need to be aware that the market price of the altcoin you are about to buy is low and you get the news somewhere it will increase, or you guessed it. It is a bargain if you check and buy back, then you will be profitable, profitable .
.
I prefer to see directly from the official website altcoin the pad to see detail information. look at the team and the developer behind altcoin will be quite important because it will determine who will be on the altcoin travel purchase. dig out any information from altcoin is the basic thing because later it will also determine the outcome of altcoin in some time in the future.
MY suggestion is before buying an altcoin you must collect all information about the project and about the coin like coin's price and data of the project then it will easy to you for the selection of a altcoin.
Yes, collecting all the information possible protects you from risks and money loss. Before investing we need to study the project from all aspects.so I highly recommend to have Altcoin in investments.
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!
I just do my intensive research regarding the people behind the ICO and their previous projects will most likely reveal a truth in them that they are legitimate investors. There are also things I check first before continuing my research like the feasibility of the coin.
before buying an altcoin i always make a lot of research first and i think the importance here stand in everyday looking the crypto and having more information for those.
Right. Our research should never stop whether we are trading or hodling. Poking around with your nose as a blind kitten doesn't help to succeed in this volatile and hostile environment. 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!
It works out only in cases, when altcoin is old enough. If the project is brand new, it may be hard to define are all the reviews are fake or real.
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