What I do before buying an altcoin! - page 7.

Khiceog

member

Activity: 196

Merit: 10

Quote from: 01BTC on February 03, 2018, 03:57:48 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 starting to invest my money in a particular project, I will definitely do some research. Including I will definitely study information about the project on this forum and on various independent sites. I also read the project documentation, information in thematic publications, assess the reputation of authors and developers.

kickdapa

full member

Activity: 627

Merit: 103

Though Your points are good enough to select an altcoin to invest. But I like to invest in the top 100-300 coins according to Coinmarketcap rank. I think top 100-300 Coins are very safe from scamming! Like I am trading and holding LTC, XRP, ZIL, ICON, ETH, MTC, and some other altcoins and every coins are on the top 100 Coin and I feel very safe to hold and trade with these.

stryker

sr. member

Activity: 518

Merit: 250

Before buying an asset, study at least the roadmap in order to understand when it will be possible to re-buy and earn on the fluctuations of the course.

christofyler

newbie

Activity: 532

Merit: 0

Your steps are cool and lovely I made a good choice before investing, it would be helpful for newbie who are new in trading.

sapnu

sr. member

Activity: 1050

Merit: 286

I must say check the market volume. Not all altcoins are having continuous price increase for a long run. I do believe that market volume and popularity will determine whether a coin would be profitable or not investing your money with. If an altcoin is hav]ng high market volume then, there is a tendency that it will be profitable.

MAXENATOR

jr. member

Activity: 90

Merit: 7

I would read everything possible about the project and the scope of its work. Study the white paper and the road map.
These are quite useful documents.

aggeyysido

jr. member

Activity: 112

Merit: 1

The Intelligent Retail Currency

To study the crypto currency market, there are many ways to study coins. Take to start the easiest and learn how to use it. Difficult to catch up themselves as you increase your knowledge.

Jansaa

full member

Activity: 392

Merit: 105

Get information on the project, see development possibilities. The altcoin team has evolved, stable and reputable Dev! Pre-purchase promotion rate is low

Jonnitor

member

Activity: 378

Merit: 11

Most ideal path for purchasing an alt coin is explore about the coin apply your psyche for what to purchase and what not,low value purchasing is the best purchasing so you can offer at high cost and win benefit and stay in contact with the coin, again guidance don't be hustle think before you purchase.

swartzias

full member

Activity: 294

Merit: 100

Before you buy altcoin, I calculate all possible accumulation zone, so that they do not become a surprise for me. Well, I create a small trading strategy.

Naitik

member

Activity: 714

Merit: 11

Go to official channel for the altcoin group. Ask for upcoming events.
Go to social media handle the check what is going on.
Review chart progress of that coin and lastly and foremost check the potential of the coin.

Wicked Sick

member

Activity: 293

Merit: 10

Very valid coins. People need to understand that right now there are a lot of altcoins out there that are just scams and have no intention of carrying out the project past where they would be making money to line their pockets so following these points that you have outlined to research the projects would be a good way to make sure that you do not fall for the scams

andrey111

full member

Activity: 448

Merit: 100

Quote from: Valermos on May 09, 2018, 08:06:18 AM

Before any buy or investment i always research the market to understand the best points to enter and the good prices for buying coins, to be sure i will get profit on my actions

The market certainly need to research on this coin. Altcoins are not their air appeared. Accordingly, you need to carefully study the system they represent. If the company has a potential for development, then it is more attention paid to such an altcoin.

HectorAlden

newbie

Activity: 189

Merit: 0

Quote from: 01BTC on February 03, 2018, 03:57:48 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 buying any altcoin, make sure you have read its white paper accurately and see if it is long term.
Paragon
Stellar
Power ledger
These are the best choices.

mainthread

full member

Activity: 476

Merit: 101

Quote from: 01BTC on February 03, 2018, 03:57:48 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 think it is very important to study the direction in which the project is developing. We need to understand whether the team will be able to release a really useful product that the world community will need. There are a lot of projects that have a product, but this product does not have a high customer value.

WhiteShum

legendary

Activity: 1834

Merit: 1001

Before buying an asset, I advise you to get acquainted with the project team and understand what goals they still adhere to.

btcoin

jr. member

Activity: 93

Merit: 1

A really nice instruction here! Thank you it's very useful. Also I recommend you to watch the coins behaviour for some days to see its trends.

Genemind

sr. member

Activity: 1596

Merit: 335

Quote from: 01BTC on February 03, 2018, 03:57:48 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 think those are great lists of things to do before considering buying an altcoin. It's good to make your own research before diving into investments. Some coins die too soon, and some investors lose a lot of money because of hype and FOMO.

arida_ds

jr. member

Activity: 143

Merit: 1

I study a situation in the market, responses, recommendations of people who understand it, I consult with the acquaintance who many years in this business. And only after analyzing all the data I make a decision.

drixty

jr. member

Activity: 154

Merit: 2

High risk can lead high reward and we humans have a natural tendency to want to overreach. But you need to figure out an amount you are comfortable investing and, more importantly, an amount you can truly afford to invest then you need to stick with that amount and be patient in the process always.

Topic: What I do before buying an altcoin! - page 7. (Read 4179 times)