Great tips yes this is pretty much how it works.
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Topic: What Is The Problem You Experience When Analyzing Altcoins? - page 2. (Read 541 times)
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For me, one of the problems is the technical part. I read how a project can be implemented and I do not understand whether is it possible at all in the near future?
Does the team have this knowledge to do this? I'm googling and asking my friends if it is possible to implement this idea in general. After all, maybe in a couple of years the team will not move from the dead end in the development.
Does the team have this knowledge to do this? I'm googling and asking my friends if it is possible to implement this idea in general. After all, maybe in a couple of years the team will not move from the dead end in the development.
Actually, market trend today seems to be hardly to predict, we really don't know when it pump or dump as it changes all the time. We really don't expect that today, tomorrow or by next day it will goes up because I sense there is a manipulation inside. Though we are having a decentralized market but it looks like we are practicing in behaving just like a centralized market in our current situation.
There are 2 categories, both are worth investing into, but for different reasons:
Which means tracking shilling and FUD, because that's just a way how category 2 coins duke it out, those virtually never compete on technical merit. It ultimately boils down to "fake news" propaganda wars.
Pro trader bots scrape altcoin section to track shill/fud ratio in real time - keep track of whos "winning" and act accordingly.
Under no circumstances one should pay attention to shills/fud content, lest one would suffer brain damage. What is important about these is *quantity*. If there is sign of massive shill campaign, might be worth looking into if a pump rally is about to happen, as the campaign might pay off. Conversely, if there's sign of a start of FUD campaign, might want to short accordingly.
As for long term investing, that's self-evident. Unfortunately just knowing the buzzwords ("DAG", "IOT", "CT", "zkSNARK") is not enough - buzzwords are tool to shill the technically illiterate, not to describe technology.
- Long term. Code talks, bullshit walks. If the coin is competent, they overwhelmingly deliver some sound code *before* they even start trading anything. Typically they run testnet first, too. This is the case for all long lived coins basically. Ethereum and such is a modern example of this - they got money from VCs first, and then used the crowdsale to pay off VCs.
- Short term pumps. They generally cover most of first 2 pages of altcoin ann, all day. Pumps are often an easy ride because are so easy to categorize. These coins typically have no implementation, aggresivelly solicit funds, and churn out PR (not code, copy pasting doesn't count) day after day. If they deliver anything at all, it's utter garbage, often they just exit scam.
Which means tracking shilling and FUD, because that's just a way how category 2 coins duke it out, those virtually never compete on technical merit. It ultimately boils down to "fake news" propaganda wars.
Pro trader bots scrape altcoin section to track shill/fud ratio in real time - keep track of whos "winning" and act accordingly.
Under no circumstances one should pay attention to shills/fud content, lest one would suffer brain damage. What is important about these is *quantity*. If there is sign of massive shill campaign, might be worth looking into if a pump rally is about to happen, as the campaign might pay off. Conversely, if there's sign of a start of FUD campaign, might want to short accordingly.
As for long term investing, that's self-evident. Unfortunately just knowing the buzzwords ("DAG", "IOT", "CT", "zkSNARK") is not enough - buzzwords are tool to shill the technically illiterate, not to describe technology.
Analysing a coin is difficult as there are so many factors. At the end of the day, buy coins/invest in ICOs who have a proven team who are commited to the cause. If they are good marketers and are in it for the long run, then you have a chance of making some good money.
Analyzing and understanding the potential price and value of a cryptocurrency can be both tricky and frustrating. There are no quick and dirty methods of analysis that can forecast an altcoin’s price, but there some parameters that can help you understand where it might go and how to gauge if the coin is (still) a good potential investment.
Something to remember is that a lower price will not always lead to a higher Market Demand.
Something to remember is that a lower price will not always lead to a higher Market Demand.
Jumping on a coin because it is getting noticed in some circles is one strategy. Another is to do proper due diligence on the team and business plan up front, looking for trustworthy players and medium to long term value. I'd look for opportunities with strong existing businesses where tokens take the model to the next level.
With this in mind, check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io. The product has traction with 250 clients and partners in Europe and Asia.
With this in mind, check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io. The product has traction with 250 clients and partners in Europe and Asia.
The problem is that when new coins appear, people abruptly switch to them and more stable coins begin to gain in price more slowly. Strongly it does not affect, but makes you nervous.
You have to deal with constantly checking up on people and projects, is person A lying is person B lying. Is this really going to happen , is that really going to happen etc.
The problem is that when new coins appear, people abruptly switch to them and more stable coins begin to gain in price more slowly. Strongly it does not affect, but makes you nervous.
As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.
Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.
There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.
These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.
Fundamentals are indeed more complex than technical analysis,because you will notice that a coin which has a good technical analysis wont pump but why?because of these manipulators in the market,whales and financial institutions doesnt care about technical analysis,a coin which has good technical and fundamental analysis can be manipulated by these big players,so your analysis would be taken for granted. Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.
There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.
These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.
As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.
Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.
There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.
These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.
for me the promotional and marketing techniques of each project have different capacities and levels of suitability that are sometimes appropriate by utilizing various social media facilities to introduce a product in advancing crypto currency trading to be more of a concern to investors and other users deemed important for progress a particular company.Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.
There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.
These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.
there is also enough to take advantage of some or one of the marketing facilities, in this case is needed to review the market to better know which priorities are needed in a timely manner. if not doing the analysis then it will only have a bad impact and reduce the existing trading productivity, because it is considered chaotic and waste of time and cost used.
One thing I have noticed is that when bitcoin is unstable, then no news and realities help, and in order for the altcoins market to grow, you need more or less stable bitcoin.
Working with your personal friends in team is a good idea,my friends and i has specific jobs to do,normally i am scalping every coins which we are seeing will pump,the other one is searching for good ICOs,PND groups are indeed a scam,you just need to work with some of your prevents to be a successful trader.
I would stay away from P&D. They will get the coins earlier than everyone else and they'll ask you to buy when it's time for them to dump.
Problems comes when one is trying to get too greedy in the sense that you would want to remain in the market to make more profit when you are supposed to cash out.
If you decide to HODL then maybe it's best to research and know the team members behind the project closer. And hopefully they live up to their promise when they made one.
Working with your personal friends in team is a good idea,my friends and i has specific jobs to do,normally i am scalping every coins which we are seeing will pump,the other one is searching for good ICOs,PND groups are indeed a scam,you just need to work with some of your prevents to be a successful trader.
Problems comes when one is trying to get too greedy in the sense that you would want to remain in the market to make more profit when you are supposed to cash out.
For me, it's hard to make my own forecasts. I do not have enough experience. Therefore, I use the messages I trust. How can one predict here? Bitcoin rose, all the altcoins fell. Bitcoin fell altcoins again fell. Another time, bitcoin fell, and all the altcoins grew.
To be informed is best thing but you can do that here on other new Discord-youtube groups (ignore pump-dump groups) to see where mst of people (money) are. Being informed is key to success.
Small note '' Do not be greedy to determine sales targets, as long as it's a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you are absolutely sure. 
That is right, analyzing crypto currencies is very hard to understand. Especially for me because I'm coming from stock exchange trading background and I'm already master on analyzing stock graphs. So I have to forget almost everything I know and relearn it.
As for me, I trade forex for years before I discover altcoins trading. You are right about we are too used to reading charts and doing technical analysis. Cryptocurrency is mostly fundamental analysis and how good the PR is being done.
It really goes back to readings and probably some gut feels if you are confident enough. I learn mainly in the internet about stocks but not the broker type. I just went to follow some people who had great profits in the market and somehow i am making small profits. My mistake is just selling too early after a short increase now knowing it will increase more. So at least i have enough money for long term investment so i don't need to cashout very often.
LOL. I know how it feels. Just when I think it's good to make a 100% profit, the coin exceed way beyond my expectation & went more than 10x the original price!
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