Topic: What makes you pick an altcoin - page 2. (Read 1749 times)

Yes, all valid points, all new altcoins are nothing but copies of other altcoins, but lets be honest, most altcoins are just a joke, the whole crypto community is a joke, dogecoin being in the top 10 coins says it all.

But is what it is, i have to adapt and as i said my bitcoins right now are doing nothing, my interest is purely to make profit, im not going to lie.

First off, unlearn everything you have just said. It's all wrong.

You must look at a coin individually, not as part of some made up group. A coin is a coin, don't judge it by its cover or skin. Look beneath its exterior into its core, the vital breath, the engagement level of its community. Learn this lesson, and you will reap the riches of the wise. 

It actually does not look too bad, although very geographically concentrated to one country. So, yeah, maybe I could buy a few of this one, although StartCOIN/StartJOIN has a global appeal with some UK bias. Do you have any idea of the volume of real world usage? I would guess that Startcoin has turned over close to its whole marketcap in the (less than) one year it has existed (about 1 mill$).

Btw, don't judge Startcoin from the activity on Bitcointalk as twitter, Startjoin, and to some degree Keiser Report on RT are the main communication channels

Unfortunately, as long as there are easy targets out there to scam, they will never be out of work. They will just change the scam. Just look at Robert Duskes (BobSurplus), Ryan Gentle, Adam Guarbuez, etc... All these guys ran scams before becoming involved in crypto, and they will all continue scamming people until they are put in prison.

Guldencoin

Can I send you my guldencoin address for the guldencoin tip when you research into that coin?

Very good summation of what the problems are for 99% of the altcoins, I picked out this sentence because it's the most important.


So, I challenge you to find which altcoin(s) have the most real world usage. Coins that are useful now and will be even more useful in the future. (bitcoin excluded)

If you can find one better than StartCOIN I will buy it.

For me :
~ commitment of the developer, how innovative is he, and does he bring something new to the table.
~ A healthy community who is not toxic and spread hate everywhere + helping out developing their investments.
~ Level of activity by the developer...I mean here developers who are actually working and not trolling forums "not saying any names".
~ History of the coin in terms of price ups and downs.
~ What special features that this coins has that no one else does ex: Instant transactions.
~ I prefer PoW coins because Interest on PoS not my thing.

Its funny this whole world of crypto. It started out fun just over a year ago. It was a cool learning curve. I discovered btc and was fascinated by it. I learned about mining and even built a nice sized mining rig. From mining I learned about pools and exchanges which led me to discover alts. I bought my first alt coin Doge. We were going to the moon baby much soon we would be riches. This was all a blast. When I first started it was truly about innovation and ideas to develop the crypto ecosystem. It totally captured my imagination. One new idea after one new idea poured out from the hearts and minds of some truly brilliant people. I was in love.

It seemed there was a new altcoin by the day. In the crypto world a week was like a month. So much was getting done so fast. Everyone in a hurry to get things rolling before btc went to 10,000 or to a million a coin. LOL!!! Months and months go buy and coins are churning out and churning out and I remember a day where I started asking myself. Where do we go from here? It seemed as if every idea of improvement had already been done. Community coins, Legit banker coins, Anonymous coins, Mobile wallets and coins that could be used anywhere. This was the golden era of crypto. It was the coolest thing.

Then it just got silly. Pick a word out of a dictionary and make a coin.

Its not about innovation anymore. It seems its just about making up something to get people to buy. Its turned into a game that is nothing more than a money grab. The people that were truly interested in crypto are disappearing. Its become a world of nothing but taking money from people. How can we set up a coin scheme to get as much btc as we can. The only real effort going on out there is for this. Fake coins, scams, etc. Whether it be an ico or people renting all the possible hash and mining out a coin before the regular Joe even knows about it. Then unloading all these coins on new interest. What kind of business model is that? This whole thing is starting to look dumb. The people in control of this market are dumb. They will be looking for jobs soon IMO. They have milked the cow dry. Word of mouth is everything. What do you think the word of mouth about crypto will be in a couple years from now?

This is chasing people away in droves. Its sad. Hate to say it but its really making me wonder why I even fool with this anymore. The coins that are real just fizzle out. It would have been a great thing if the original vision had taken hold and won. But it didn't. I still am interested in seeing where crypto goes in the future. It cant uninvent itself. Imagine what 50 years will bring. At this point though why buy it if Im not going to use it for something. Why have interest in new coins when there is nothing more behind them?

I used to know what makes me pick an altcoin. But at this point I am truly clueless.

I thought i clearly stated that i did not want a pump and dumb coin, just one with potential to grow, bitcoin has been too stable lately and i cant do anything with it, i also dont believe the price will rise any soon and even if it does it would probably go up just a little. Altcoins on the other hand have the potential to grow and rise fairly quick and not just by a few dollars. I will take a look at that one, thanks.

If you are actually looking for a coin to hold and not for pump and dump, then nothing can beat StartCOIN.

https://bitcointalk.org/index.php?topic=651307.960

Name is amongst the most important factors. A factor I look for is if they have significant changes compared to the bitcoin source (for long term), or if they are new (for short term) trading. The lesser stabilized coins can make big swings of 30% up or down, which is what you are probably looking for.

A solid dev with a long term vision is usually what I'm looking for. A friendly community and a lack of pump and dump fan boy spammers also helps quite a bit.

If you want fast money, jump on the pump and dump wagon..

Spartak_t gave an excellent answer to a similar question a while back. He said:

Well dude thanks for your help (sarcasm on). If you have nothing to say dont say it.

As i said im looking for new-ish coins but not totally new since they could be scam and im not looking for stable old coins because most of them follow bitcoin, so what would be the point then? Spend my bitcoins to buy an altcoin that only goes up when bitcoin does, that would be stupid.

When it comes to investment, you need to do your own research. No one can tell you the answer. But I suggest not to involve to newly created coins.

I agree with most your points. You can try mining CRE. They have great potential. They aren't in any exchange but soon will be launched so you can buy as many as you can as soon as they hit exchange and make nice profits. That's what am gonna do.

If it starts trending back down, I'm out.

It should have at least decent volume and a nice looking trend up.

A year ago i was very active in this subforum, not with this account, and i was mining pretty much all the new altcoins to try to make some profit, these days there are way too many altcoins and my mining power sucks so i decided to "invest" in some altcoins to try and make some profit. Most stable altcoins normally keep up with bitcoin price so there is really no point for me to buy those, but new-ish ones have the ability to jump and make a huge increase in their value.

The problem is that nowdays most of the new coins are just scam, pump and dump. Im looking for new coins (1-2 months old) that are not a pump and dump to invest, what would you recommend?