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Topic: What is your best strategy to determine if the coin will be profitable? - page 4. (Read 3770 times)

legendary
Activity: 1414
Merit: 1001
I would rather see the volume and development of the coin through their social media or website ico, for example if in social media they post something interesting like cooperate with whatever it's worth reckoning or you can see their ico thread in bitcointalk altcoin Announcements (Altcoins).
I agree with you . So we can imagine the future of the altcoin. if it has a good prospect altcoin by dev development course will be as optimal as possible. there will be a blue paper that explains all the things that the vision and mission of the altcoin.
sr. member
Activity: 1162
Merit: 258
1xbit.com
I would rather see the volume and development of the coin through their social media or website ico, for example if in social media they post something interesting like cooperate with whatever it's worth reckoning or you can see their ico thread in bitcointalk altcoin Announcements (Altcoins).
sr. member
Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
If you want to determine an ICO coin, just read the whitepaper and determine the idea is possible or not, then wait until the ico start to see if there's a lot of demand for the project. If the hype is huge, you can make a quick profit after the ico finish and it hit some exchange. If it's an already exist coin, see the ann and read the roadmap and the dev is active or not. Last, see the chart at the exchange.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
i would recommend not to gamble with coin below 1000 sat.
there are some good coins under 1000 satoshi like feather coin (FTC) and it has very good price rises with good profit.
also remember than it is always easier to pump a coin from 100 to 1000 than it is to pump it from 0.01 to 0.1.

try to invest in good ico project ,there token/coin will sonner or later will get high value.
terrible advice in my opinion. there is no goo ICO project and there is no easy way of assessing them. and the main reason why an ICO is created is for the owner to make money most of the times through scamming.
hero member
Activity: 910
Merit: 505
First of all check  the coin/token project background ,how much they have collected ,how much trust value is there amoung other crypto users.i would recommend not to gamble with coin below 1000 sat.try to invest in good ico project ,there token/coin will sonner or later will get high value.
hero member
Activity: 490
Merit: 501
Based on my experience, there is no set of black and white strategies that can help determine if a certain coin can perform well in the cryptocurrency market. There are some coins that are dismissed right from the very start but which made it good actually in the market. And, of course, there are those that are full of amazing potentials that later on falter and failed to deliver the good expected of them.

I am not good at investigating cryptocoins but I always look at the people behind working for the coin as a good indicator for the coin plus there should be an existing or a ready community that can propel the coin and can guide the coin in its ups and downs. This is aside from the technicalities that we should look into.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
my best strategy is looking at the charts!
they give you more than enough information to work with. you can see the price movement, the volume of bitcoin going in and out of the market and how it changes before pumps happen and it increases fast as the pump starts then dies when pump reaches the top and then increases again as the whales start dumping on the market in a couple of steps and again as the newbie panic phase starts afterwards!

in short learn how to see these things on charts. all the news and stuff like that are helpful but nothing is good enough compared to what you can see on a chart.
legendary
Activity: 2898
Merit: 1823
Hello,

Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?

I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?

thanks

The firth thing you should check are the developers themselves. If they have a history of scamming and fraud then they should be avoided. A good example of this is QTUM. The founder had a past history of scamming and it is known that their "successful" ICO was done because they themselves bought up their own tokens. The next phase is to dump them on us.
hero member
Activity: 812
Merit: 510
You can't be sure 100% sure in trading. As far as i know trading is basically assumptions that the price is going to increase of decrease according to market movements. Trading can be done with ico coins also as there is a really high chance for a increase in price but it is really risky as there is a chance of losing everything.
legendary
Activity: 3472
Merit: 10611
the other would be to spread money across the poloniex top 10-20 and pull money out when they pump. because all of them pump eventually.

what exactly do you call "top" because the coins in an exchange that go on top of the list are usually sorted with volume, and an increased volume in most of the cases means the coin is already pumped so investing in it means buying into the pump and being already late.

in my opinion in trading you should make each trade count. you should have a good reason for each of them. not just because it was on top.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform

What is your best strategy to see if the coin will be profitable or not?

I'll try to give you important aspect regarding the critical point to choose the right coin to be your investment.
1. Dev = Expertise dev gives a support for the market.
2. Clear roadmap
3. It's not a dumbass idea (I mean about the innovation of project).
4. Not related to ponzi scheme.


I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?


Usually, a lot of people just try to get the latest news from the announcement thread.

It has contained the various source for you about the latest update nor news of the coin.
hero member
Activity: 924
Merit: 506
Take a good and hard look at all the completely useless crapcoins and start thinking about it as to why there are so many altcoins on the internet? yes they all are just on the internet and you'll never find anything related to them offline in the real world that we live in unlike bitcoin with real factories and real companies.
If you are trying to live in the real world and earn some real world money seriously then bitcoin is the most promising and community backed coin you'll ever find and it's not just me saying this but the price and the marketcap can speak for itself and markets especially with $10B+ at stakes never lie.
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
The active development from the entire team. Perfect way of spreading. Mainly a good number of coin generation than much bigger number which is not that easy to distribute. Very important one is the listing on the popular trading websites which is a must to the successful functioning of the coin with growth.
sr. member
Activity: 322
Merit: 250
Hello,

Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?

I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?

thanks

The best you can do in my opinion is to make sure that the team behind whatever the coin is is actually legitimate. The more public they are with their team the better because it means they are comfortable with putting their actual real life reputation on the line for the project, and if they know that it's going to turn out to be a unprofitable or scammy project then they will still anonymous.

Most ICOs out there are for the sole benefit of the founder, little of the funds actually goes towards promoting and developing the coins but a lot of the funds collected through the crowdsale goes straght into the founder's pockets. Look for clear roadmaps.
sr. member
Activity: 364
Merit: 250
There are so many guidelines here on bitcointalk that you need. Just keep reading and searching and you will find them. Try to look on altcoin discussion and trading discussion.
legendary
Activity: 1288
Merit: 1087
if i was interested in getting more money through alts i think there are only two strategies i'd use.

one would be to look for new coins that are being given away. decred did this. stellar and byteball too. no doubt there are more. screw putting money in an ico.

the other would be to spread money across the poloniex top 10-20 and pull money out when they pump. because all of them pump eventually.

it's like a stock market tracker versus trading individual shares. 99 times out of 100 the tracker wins.
legendary
Activity: 2632
Merit: 1094
There's no way to determine whether a coin would be profitable till the ICO is half-way complete and the project gets enough investors. You can get some details from the whitepaper and by checking who are the team members who have developed this project. If the project is not unique (like there have been similar projects with coins not offering anything unique), the project may most likely not succeed.

Forums don't give you a fair idea while the whitepaper of the project, the chart (price chart) and the market trades (no. of buy/sell trades) can give you some hint about how many people are trading the particular coin. Lesser market size means the coin is almost dead and vice versa.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
Hello,

Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?

I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?

thanks

Ok just let me remind you that all ways you will get here as replies are based on their own preferences. Your's to follow.

We all know that there's no such thing to know if a certain coin will be profitable or not (unless in Bitcoin obviously). Try to do some autopsy to all branches of a certain project if they have some "things" to be considered as main ingredient for them to become success. This is a risk investment after all so you really need to spend some to see the actual journey you will faced when you invest in a coin.

This the challenge when dealing in an altcoin investment so all I can say is, accept all the associated risk once you start putting your money on a certain coin.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?
Simply choosing high volume altcoins will minimize most of your problems. All you need to check how many bitcoins were traded for one particular altcoin in last 24 hours. If it is greater than 25 bitcoins, the possibility of getting pumped and dumped is very low. Only with well established altcoins, it will be possible to have decent trading volume.

When you are finding those altcoins are not profitable for trading, it would be highly recommended to stay away from trading for that day. Because securing our capital will be more important than finding opportunities to make profits.
sr. member
Activity: 1792
Merit: 264
Hello,

Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?

I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?

thanks
By looking at how big the coin it will last a long time and can count on in the future.
Moreover you can also find out about the type of coin you mean by often read in a forum that discusses many of the coin, so that you can know the development of coin and can be profitable in the future.
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