Not really sure if I'm a fan of this article in particular, seems to just rehash some generic information that everybody already knows.
Reading the whitepaper is pretty important of course, but in most cases you can just skip that because there's usually a better overview on the project's website.
It's better to look at the community and development around the coin IMO. How active is development? What new features are in development? How many independent services make use of the coin/ICO in question.
If we're looking at smart contract platforms, what are some projects that make use of it?
Market analysis can also be a good tool if you're looking at the relation of price to the number of coins in circulation, but shouldn't be used for definitive future predictions. (IMO)
Topic: What is your method of Evaluating an Altcoin? (Read 178 times)
There are lot of things of study to evaluating an altcoin such as reading the white paper, their product and future of the product. Will it work in long term or not?
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I can not say that I use some sort of strategy when choosing altcoin for investment but it seems to me that to analyze the statistics and to foresee the relevance of the coin based on its purpose of creation is the most optimal way. https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
Im using the chart of altcoins cause i do technical analysis its easier for me rather than to check the fundamentals of specific altcoin it works for me and im gaining profit on the method im using.
all of these steps in your site are good but in my experience these are all the first step which also happens to be the smallest step towards finding the better coins to invest in.
before anything i should mention that when it comes to altcoins we are choosing bad instead of worst.
the way i evaluate an altcoin is through 2 main things: the media (hype) and the charts.
the media is used to find which coin has some news, some hype generally which can help with its pump so that i can buy it before it is actually pumped. or if it is rising i can buy it knowing there is something going on which caused the pump so it will be bigger.
and charts is obviously to see if the hype was effective. and also to make sure that i am not buying into a bubble. i try to learn more about technical analysis but the more i learn the more i realize it is useless! so i only look for certain signs such as increase in volume and change in behavior of the market.
before anything i should mention that when it comes to altcoins we are choosing bad instead of worst.
the way i evaluate an altcoin is through 2 main things: the media (hype) and the charts.
the media is used to find which coin has some news, some hype generally which can help with its pump so that i can buy it before it is actually pumped. or if it is rising i can buy it knowing there is something going on which caused the pump so it will be bigger.
and charts is obviously to see if the hype was effective. and also to make sure that i am not buying into a bubble. i try to learn more about technical analysis but the more i learn the more i realize it is useless! so i only look for certain signs such as increase in volume and change in behavior of the market.
So many shitcoins out there. The whitepaper is my first point of call, then the roadmap and the relevance, as in its real life application...if am in for the profit, i don't care about all this...
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
Usually I started with checking the website, reading the summary of the project and then if I find it interesting, I will read the whitepaper. After that I will look into the team background, what they do before making this project etc to make sure they have the ability to deliver what they write in the whitepaper. I will also join the project chat room like telegram or slack to see how the team answer the question regarding the project itself to see their understanding about their own project. https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I usually read the whitepaper if it is good i will research the developer's and founder's backgrounds if it okay,i will search for their product,if theres existing product,search for a possible investors that can join in the future if theres a lot.check the road map.If one of these doesnt qualify i wont invest.https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
It is good to have a look at the whitepaper but for me because I am not a technical person, most of the time I don't understand the technical whitepaper and some white paper attime seems to me like a marketing script, for me the amount the team is looking to raise, the bonus structure, the number of tokens for sale and the quality of the team are oneof the things I look at
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
Reading whitepaper does not always give good and correct understanding of the coin and the project. I check also the capitalization of the cryptocurrency.
This video gives the main ideas how to evaluate an altcoin: https://www.youtube.com/watch?v=6lUypBc2_4U&t=26s
To be honest I am not good at finding the best upcoming altcoins because I am scared most of the coins are just worthless to invest.So I will only pick the coins which is already popular or recognized by people.
But reading the whitepaper is the best way to evaluate about their project.
Yet reading the white paper is not a good idea at the moment.But reading the whitepaper is the best way to evaluate about their project.
Because many service providers start to provide service to writes the white book, their understanding of certain professional knowledge, the white book looks very promising, but the ICO team just for money, I think, a reliable ICO team is the key.
To be honest I am not good at finding the best upcoming altcoins because I am scared most of the coins are just worthless to invest.So I will only pick the coins which is already popular or recognized by people.
But reading the whitepaper is the best way to evaluate about their project.
But reading the whitepaper is the best way to evaluate about their project.
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I usually read the whitepaper if it is good i will research the developer's and founder's backgrounds if it okay,i will search for their product,if theres existing product,search for a possible investors that can join in the future if theres a lot.check the road map.If one of these doesnt qualify i wont invest.https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
When choosing a coin, I try to observe its course for a while, but I also follow the capilization, I read about the basic characteristics
Before joining on the altcoi itself or the bounty, i make sure that i read the white paper
Well for me it is the Whitepaper that matters most. I've always got a strong gutfeel that a particular token will succeed after reading it's whitepaper. Especially those that already has a working viable product.
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
I agree with your position and opinion, but we know that the world of coins is all relative, a strategic pattern is created for to refer to investing, but at the crucial time will depend on our goals and belief in investment, otherwise is failure that you going to conquer.
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I usually read the whitepaper if it is good i will research the developer's and founder's backgrounds if it okay,i will search for their product,if theres existing product,search for a possible investors that can join in the future if theres a lot.check the road map.If one of these doesnt qualify i wont invest.https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
First and foremost, does it solve a problem? If yes, is the problem that it solves significant? If yes, are there any other similar coins? What does this one do better? From here I check the whitepaper, research everyone on their development team, look at their road map and look into discussions involving the coin on forums like this. If you're in it purely for profit, it's good to make sure the market cap / circulating supply aren't too high either.
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I usually read the whitepaper if it is good i will research the developer's and founder's backgrounds if it okay,i will search for their product,if theres existing product,search for a possible investors that can join in the future if theres a lot.check the road map.If one of these doesnt qualify i wont invest. https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
I see far too many posts on here asking for the best coin to invest in which is followed by pages and pages of bounty seeking posters that just say a coin with no data or analysis behind it. This usually will lead to many users just loading up on it and then having no idea why it crashed or wasn't successful. Now more than ever it's important to understand why you are investing in a coin. This is the method I use when I evaluate each addition to my portfolio and it works well. Granted nothing is foolproof and even the most rock solid investor is wrong every once and awhile, but at least you will understand why.
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
https://theminerhub.com/news/what-to-do-before-investing-in-an-altcoin/
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