What is your 3 most important factors when deciding what cryptocurrency to buy? - page 2.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Beloussovski on October 12, 2017, 02:29:07 AM

Hey Everyone,

Would love to hear what factors motivate you to buy a particular cryptocurrency.

Examples:
- Team
- Idea
- A lot of people talking about the coin
-.....

Thanks!

I usually check if the cryptocurrency has active developers, strong support from its community and if their projects are viable and innovative. Usually there are projects that are viable but then it is just a copycat of another that is already successful so more often, it will just enter the scene and then the people would choose whichever between those cryptocurrencies has more support and would base then on its coinmarketcap.

DaFingIs

jr. member

Activity: 37

Merit: 4

To be honest when investing in an ICO my evaluations are pretty similar to yours although, saying that, I have only invested in three ICOs to date.

Another consideration of mine when I am looking at investments is the publicity the project has received. If it has got the backing of some reputable people who know what they're on about I'd be a lot more likely to invest!

Rebellious

newbie

Activity: 56

Merit: 0

- Team
- Project
- Community (undervaluated)

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: HashFace on October 12, 2017, 06:35:50 AM

1. Likelihood of continued development (I.e roadmap, white papers, dev. Updates)
2. Distribution Model (I.e widely spread ownership)
3. Added value (I.e. Focused on something innovative and new, like a method of privacy, or new tech features).

According to me, the first and foremost important factor that I take in notice is the future of the cryptocurrency. I mean, if it has no future, then investing in it will be useless as BCH is not a good choice now. Then I consider the profits that an be given and most of all the support rather the acceptance of any coin so that I can make a use of it in daily needs. Though it is not a good idea but IMO we should make cryptocurrency mainstream.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: Slowhand26 on October 12, 2017, 08:21:02 AM

Quote from: Beloussovski on October 12, 2017, 02:29:07 AM

Hey Everyone,

Would love to hear what factors motivate you to buy a particular cryptocurrency.

Examples:
- Team
- Idea
- A lot of people talking about the coin
-.....

Thanks!

Here are the 3 factors for me

1. Team- how solid the background behind the project. How dedicated and serious they are on the project.

2. After sale - This is also something that is important to me that very few acknowledge it. I am looking at the project where huge people or community will benefit on it.

3. Technology - this is the least for me but I consider this a very important matter. I need to be honest that I am not crypto geek who have a deep knowledge about blockchain, crypto etc. That's why I also check feedback from others about this aspect

These 3 points are very important before going to invest our money we have to look at these points. if i don't have time to see full projects details i just check the coin history how it is growing based on that, i will invest. And depends on some experts suggestions also i will buy coins. More importantly, i will check Technology.

alpsea

copper member

Activity: 1274

Merit: 555

https://refpa28543.top/L?tag=d_286347m_1264c_&site

Team and community and after learning

Prodigan786

sr. member

Activity: 434

Merit: 250

I always go with market analysis by price history and team original purpose of coin and growth in next few years if now I am not doing short term trading which almost like buying lottery.

mustafayasinsenturk

full member

Activity: 672

Merit: 100

3 things that make me invest in the cryptocurrency ;

1. the experience of people working to improve the project
2. the goal of the project
3. people who invest

shafi alam

full member

Activity: 630

Merit: 100

when i wants to trade by digital currency, make 3 Reason.
1. I saw itsAnnouncement thread,
For being sure, is it fake or real currency? is it live now?
Is it promising project or not?
2. its coin supply.
3. its volatility.

Slowhand26

full member

Activity: 350

Merit: 100

Quote from: Beloussovski on October 12, 2017, 02:29:07 AM

Hey Everyone,

Would love to hear what factors motivate you to buy a particular cryptocurrency.

Examples:
- Team
- Idea
- A lot of people talking about the coin
-.....

Thanks!

Here are the 3 factors for me

1. Team- how solid the background behind the project. How dedicated and serious they are on the project.

2. After sale - This is also something that is important to me that very few acknowledge it. I am looking at the project where huge people or community will benefit on it.

3. Technology - this is the least for me but I consider this a very important matter. I need to be honest that I am not crypto geek who have a deep knowledge about blockchain, crypto etc. That's why I also check feedback from others about this aspect

staceyoh

sr. member

Activity: 381

Merit: 250

For me the most three important factors when deciding what cryptocurrency to buy is how great is the project and next is, if its a trusted coin and the last one is the community.

Warren Buffert

full member

Activity: 364

Merit: 102

The team, features and feasibility of the project.
Don't go for projects with tons of newbie accounts in the thread, or where devs clearly promising some things that are too good to be true.

Bavaria

hero member

Activity: 1032

Merit: 502

The uniqueness, team, fairness in the distribution, transparency and hype. All this stuff must be analyzed.

naocb

newbie

Activity: 34

Merit: 0

Dev team, product (at least MVP) and their willingness of sharing information

PowerfulGuerilla

newbie

Activity: 54

Merit: 0

To me it's the coin value, its money-generating potential, solid technical background behind it and the extended community to popularize it.

okissabam

sr. member

Activity: 700

Merit: 250

Actually the 3 most important factors I look for in a cryptocurrency before buying it are first would be the team itself, I'm fond of searching for the group of team and developers and check if they are legit. Next would be the roadmap an the development of the project and that includes the updates from time to time and lastly would be strategy to make the project work.

HashFace

full member

Activity: 406

Merit: 114

1. Likelihood of continued development (I.e roadmap, white papers, dev. Updates)
2. Distribution Model (I.e widely spread ownership)
3. Added value (I.e. Focused on something innovative and new, like a method of privacy, or new tech features).

Nathland

sr. member

Activity: 317

Merit: 250

three most important factors are
IDEA / CONCEPT : the concept in which the crypto is based upon is the most important factor as projects with unique and innovative ideas tend to grow more quickly.
POPULARITY : the popularity of the coin is what will decide its stability. More popular coins have high acceptance and are very safe to invest in.
TEAM : a strong and experienced developement team aids the growth of the project and ensures that the investors get high returns on their investment.

PadenoM

full member

Activity: 308

Merit: 106

project whitepaper, roadmap, ERC20 token approval

reputation

full member

Activity: 242

Merit: 100

the team, the market cap and the concept are the most important factors, in fact, there are many platforms which evaluate the ico, this is a main way to know ico for me

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