Thank you all for your time and your replies .
Regards,
the_observer.
Topic: What is your top 3 criteria to buy a coin from the profit perspective? (Read 123 times)
December 18, 2017, 02:05:41 AM
December 17, 2017, 04:22:44 PM
It could be argued that the value of any asset ultimately boils down either to its consumptive use or its future payouts. An example of the former is something like wheat because you can eat it or a house because you can live in it. An example of the latter would be a bond because of its coupon payments or a stock because of future dividends.
When evaluating cryptocurrency I'm looking for one of those two things. Ether, for example, can be exchanged for gas which can be used to pay for transactions on the Ethereum blockchain so it has a consumptive use. Bitcoin occasionally offers a sort of dividend as a result of forks so it has future payouts.
If a coin doesn't have one of those two things, I think it's hard to argue it has long-term value.
When evaluating cryptocurrency I'm looking for one of those two things. Ether, for example, can be exchanged for gas which can be used to pay for transactions on the Ethereum blockchain so it has a consumptive use. Bitcoin occasionally offers a sort of dividend as a result of forks so it has future payouts.
If a coin doesn't have one of those two things, I think it's hard to argue it has long-term value.
December 17, 2017, 03:38:17 PM
I believe you have to look at the development team. I'm not interested in too many personal details, what I'm more interested in is their capabilities, what they have produced and what they plan to produce. An example of this is ELTCOIN, most of the developers are not very public as of yet. ELTCOIN does have solid products (iOS and Android wallet). The company which developed ELTCOIN have developed two other companies which will make use of ELTCOIN. All of their software is open-sourced on Github, which is a massive bonus.
Join a coins Telegram and talk to the developers, question them on what you want to know, test their knowledge on crypto and what they've said they're going to do.
If you're going to invest a lot into a coin you need to do your research, find out everything you want to know. Don't just invest in a coin because you see the price rising or because someone else told you to.
Join a coins Telegram and talk to the developers, question them on what you want to know, test their knowledge on crypto and what they've said they're going to do.
If you're going to invest a lot into a coin you need to do your research, find out everything you want to know. Don't just invest in a coin because you see the price rising or because someone else told you to.
Agreed with all of this. Another big thing for me is does it have a real world practical use. Is it something innovative that benefits society, or a large groups of people. If the coin doesn't have a good use it's just added risk that it fails.
December 17, 2017, 01:48:05 PM
I believe you have to look at the development team. I'm not interested in too many personal details, what I'm more interested in is their capabilities, what they have produced and what they plan to produce. An example of this is ELTCOIN, most of the developers are not very public as of yet. ELTCOIN does have solid products (iOS and Android wallet). The company which developed ELTCOIN have developed two other companies which will make use of ELTCOIN. All of their software is open-sourced on Github, which is a massive bonus.
Join a coins Telegram and talk to the developers, question them on what you want to know, test their knowledge on crypto and what they've said they're going to do.
If you're going to invest a lot into a coin you need to do your research, find out everything you want to know. Don't just invest in a coin because you see the price rising or because someone else told you to.
Join a coins Telegram and talk to the developers, question them on what you want to know, test their knowledge on crypto and what they've said they're going to do.
If you're going to invest a lot into a coin you need to do your research, find out everything you want to know. Don't just invest in a coin because you see the price rising or because someone else told you to.
December 17, 2017, 01:03:02 PM
Hi all,
since i am a newbie i want to ask a very basic question which is :
Which are your most critical criteria in order to decide which alt coin to buy for good chance of have a profit ?
I am really curious because i see (as newbie) strange things e.g. technology cannot be critical since definitely bitcoin is not the most advanced technologically coin yet it seems to be the preferred by the majority . So is the ype? or what?
Thank you for your time reading this.
Regards,
the_observer.
since i am a newbie i want to ask a very basic question which is :
Which are your most critical criteria in order to decide which alt coin to buy for good chance of have a profit ?
I am really curious because i see (as newbie) strange things e.g. technology cannot be critical since definitely bitcoin is not the most advanced technologically coin yet it seems to be the preferred by the majority . So is the ype? or what?
Thank you for your time reading this.
Regards,
the_observer.
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