Which coins are bad to invest in | Bitcointalksearch.org

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Quote from: Subbir on June 26, 2020, 09:35:53 AM

These links are really helpful to understand which currency to take a position in However, coinmarketcap is the best Most of the currencies are listed here and are very effective in currency selection. Bad currencies usually don't last long These are listed less However, within the coming years the worth of Bitcoin may increase tons it's completely scam-free you'll make tons of profit by investing in Bitcoin.

If you fully believe then investing with bitcoin will bring huge profits, being supported by many and it's proven by time bitcoin still progressing.

Quote from: Kong Hey Pakboy on June 26, 2020, 10:18:19 AM

Coinmarketcap is the best platform that you could use to make a portfolio because you can quickly see if the coin is worth to buy or not. Bad currencies don't last long because team members in a project are mostly inactive and don't find a way to develop their coin to have the potential to increase their value in the future.

You can use CMC to look after any project that you are targeting to invest in, details regarding to the coin from each sides of information is being catered by CMC. You can use all the datas as basis once you already convince investing to your coin.

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Quote from: Subbir on June 26, 2020, 09:35:53 AM

These links are really helpful to understand which currency to take a position in However, coinmarketcap is the best Most of the currencies are listed here and are very effective in currency selection. Bad currencies usually don't last long These are listed less However, within the coming years the worth of Bitcoin may increase tons it's completely scam-free you'll make tons of profit by investing in Bitcoin.

Coinmarketcap is the best platform that you could use to make a portfolio because you can quickly see if the coin is worth to buy or not. Bad currencies don't last long because team members in a project are mostly inactive and don't find a way to develop their coin to have the potential to increase their value in the future.

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These links are really helpful to understand which currency to take a position in However, coinmarketcap is the best Most of the currencies are listed here and are very effective in currency selection. Bad currencies usually don't last long These are listed less However, within the coming years the worth of Bitcoin may increase tons it's completely scam-free you'll make tons of profit by investing in Bitcoin.

Ridwan Fauzi

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I get used to using these platforms to make a portfolio

1. CryptoMarketCap
2. https://cointracking.info/
3. https://coinstats.app/

It may help you as well

The Cryptovator

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It's not very easy task what you are looking for. Sometimes even exchange attempt to delist some potential coins but obviously that coins aren't potential according to exchange. Before choose any coins you should confirm that is listed on multiple reputed exchange. Then look into project concept, if you think project concept is potential and team/developers is working hard to implement their roadmap then likely we can say it's a potential coin. Developers activity could trace from social media as well. On the other hand community of a coin is more important, the community become more bigger means there is huge possibility of success for a project. So look on their community and read about a coin history.

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To be honest, we cannot tell immediately which is the coin which is bad for the investment, let's take a look at the start of a new coin some of them are trusted by their developers and many people will support their coin if this may happen there is a huge chance it will survive then the whole market easily and possible to make more earning but if you lose that potential of the coin immediately the market price of your invested coin falls down and becomes a dump.

So how can you identify easily if the coin is falling down check the market graph but at the very first start you cannot tell this immediately instead it takes time for over months or years, just always make research sometimes they make changes when there is a news about the coin.

It is not bad to support the altcoins because there is a possible chance that coin will grow for the coming new years if you know it may grow rapidly support this if not let go.

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Quote from: WumboWumboingWumbology on June 25, 2020, 06:54:42 PM

Everyone knows about bitcoin, etherium, etc all the top 10 or 20 biggest coins out there. I am wondering how one can find a hidden gem of a coin that has a lot of potential to grow in the next 5 years or so. I'm thinking of a long term investment of sorts. How does one differentiate from scam coins versus legitimate coins that will grow in the upcoming years?

It's really hard to find those hidden gems that will give you x10-x??? returns in the future. And usually though, these tokens as just purely pump-and-dump with no real life usage at all. And mots of the time, you will be late recognising them unless it has been pump and the price really went on the roof. And it might be too late for you to get in as you might get trap. And instead of making money, Lol, you might suffer a loss in the end.

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Quote from: cryptoaddictchie on June 26, 2020, 12:52:34 AM

do you have in mind any altcoin that could slipped on your 99.9 estimation of projects that are going to fail or scam. (sorry for derailing the thread about trading and investing)

Probably Ethereum. While I don't hold it and while I'm not sure if it will succeed some time in the future, I think it will be one of the sort of "surviving" coins in the long term. But while I think it will survive, I don't think it would be a good investment compared to just going with bitcoin for the long term.

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Quote from: mk4 link=topic=5258122.msg54684604#msg54684604
Because again, [b

they're trading opportunities and not investments[/b](long-term). In trading, you win some, you lose some. The goal is to win more than you lose. There's always risks with everything anyway: with trading, with starting businesses, you name it. You just need to have proper risk management.

Okay. I'm just stating my side, but as a long time crypto enthusiast Im sure you are experieced and seen the worse on this crypto space than me. OP is basically asking for altcoins that could be good for long term, do you have in mind any altcoin that could slipped on your 99.9 estimation of projects that are going to fail or scam. (sorry for derailing the thread about trading and investing)

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Quote from: cryptoaddictchie on June 26, 2020, 12:21:40 AM

I do believe that term is not totally for long term only as you said it was broad but short or mid it is, still can be refer as "investment" including trading opportunities.

Yeap, hence why I said "it mostly means holdings something for a long span of time".

Quote from: cryptoaddictchie on June 26, 2020, 12:21:40 AM

Just be careful, you can incurred losses on these bad investments due to its nature of volatility. Why not focus on BTC and drop these altcoins as you believed 99.9 of them are bad investment.

Because again, they're trading opportunities and not investments(long-term). In trading, you win some, you lose some. The goal is to win more than you lose. There's always risks with everything anyway: with trading, with starting businesses, you name it. You just need to have proper risk management.

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Quote from: WumboWumboingWumbology on June 25, 2020, 06:54:42 PM

... I am wondering how one can find a hidden gem of a coin that has a lot of potential to grow in the next 5 years or so. I'm thinking of a long term investment of sorts. How does one differentiate from scam coins versus legitimate coins that will grow in the upcoming years?

for me, i devided the coin potential by :

coin age (the older the better, means it stable)
coin volume 24h (the greater the better, it means that many people are interested)
coin marketcap
coin total supply
their community (how the dev comunicate with thir community is active of not)

from the point-point above, you can consider and think the future of the coin is good or not.

but from many points above the most decisive is the coin community and the dev, because what determines where the coin will develop is the community and its dev,
regardless of the benefits and technology of the coins offered.

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Quote from: mk4 on June 26, 2020, 12:01:15 AM

~snip

Okay I was just confuse because of this statement of yours

Quote from: mk4 on June 25, 2020, 10:49:15 PM

"Invest" is quite a broad term, but it mostly means holdings something for a long span of time.

I do believe that term is not totally for long term only as you said it was broad but short or mid it is, still can be refer as "investment" including trading opportunities.

Just be careful, you can incurred losses on these bad investments due to its nature of volatility. Why not focus on BTC and drop these altcoins as you believed 99.9 of them are bad investment.

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Quote from: cryptoaddictchie on June 25, 2020, 11:01:44 PM

What you mean by bad investment? Means scam at all? Be careful as you hold some of them too.

I'm pretty sure I explained it very clearly on my response:

"I'd honestly only hold some of them in the short to mid-term timespan. Basically just trading opportunities in my opinion, taking advantage of the volatile nature of the cryptocurrency markets. Why? Simply because most of them are either scams, or are going to fail."

Quote from: cryptoaddictchie on June 25, 2020, 11:01:44 PM

How short your span on those altcoins or until you gain some profits from it.

It varies. Every trade opportunity doesn't have a sort of "standard" hold span. It could be as quick as a few hours to as long as weeks.

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Quote from: pooya87 on June 25, 2020, 11:13:01 PM

in 90% of the cases, a very quick google search about the history of the coin, using the coin's features and simple things like that could tell you if the project has any long term potential.

Thanks very concise response. I do hope OP, could do your suggestion but since his a newbie and probably lack of knowledge about these things youve explained then its not advisable for him to invest not knowing this thing. But we if we look about it, majority of investors of these coins probably not tried it hence only riding with the hype. Like stocks, people refer also on technical analysis of the market regardless of the potential of the company and its use cases.

For example, Samsung stock, Ive tried its product out but as a trader, I will depend too on market indicators and TA. But with OP's concern, his very specific on finding legitimate from scam. Not trying the product itself cannot justify if its good or not especially if you have lack of knowledge on it. But if one insist on investing then trying it out is the best way to satisfy his curiosity.

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Quote from: cryptoaddictchie on June 25, 2020, 11:01:44 PM

Thats true, but because they had lack an option to check reference which isnt coinmarketcap. Do you have any source where good altcoins or potential one isnt based on the marketcap? Maybe you could help them citing a good one if you please. Also if not based on that factor, tech wise, investors arent all geniuses to understand which one should be good or bad to invest with (referring to small to medium who cant hire tech advisors) so they could avoid hype on social medias where indicating which is goof to invest with.

people aren't suppose to look at some list like coinmarketcap to decide which coin to buy. they have to research about that project, look at its code, its real features, run its full node and use those features themselves to see if they are real or just vaporware used to hype a terrible garbage.

for example OP mentioned ethereum and it is the "number 2" on all the lists you can find out there. but has anyone ever tried even using ethereum? has anyone tried installing and running its full node? obviously not. they all use exchange wallets, web wallets or super-light wallets. even if they tried, they wouldn't be able to since the current ETH blockchain size is over 4 TB and there is only a handful of full nodes available to download from and they won't let you download it since they will try to save their network traffic. result is full centralization of its network.

in 90% of the cases, a very quick google search about the history of the coin, using the coin's features and simple things like that could tell you if the project has any long term potential.

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Quote from: pooya87 on June 25, 2020, 10:42:25 PM

~snip

Thats true, but because they had lack an option to check reference which isnt coinmarketcap. Do you have any source where good altcoins or potential one isnt based on the marketcap? Maybe you could help them citing a good one if you please. Also if not based on that factor, tech wise, investors arent all geniuses to understand which one should be good or bad to invest with (referring to small to medium who cant hire tech advisors) so they could avoid hype on social medias where indicating which is goof to invest with.

Quote from: mk4 on June 25, 2020, 10:49:15 PM

With most(99.9%) of cryptocurrencies besides bitcoin(BTC), I'd say they are bad "investments". I'd honestly only hold some of them in the short to mid-term timespan.

What you mean by bad investment? Means scam at all? Be careful as you hold some of them too. How short your span on those altcoins or until you gain some profits from it.

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"Invest" is quite a broad term, but it mostly means holdings something for a long span of time. With most(99.9%) of cryptocurrencies besides bitcoin(BTC), I'd say they are bad "investments". I'd honestly only hold some of them in the short to mid-term timespan. Basically just trading opportunities in my opinion, taking advantage of the volatile nature of the cryptocurrency markets. Why? Simply because most of them are either scams, or are going to fail.

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just because an altcoin has a high market capitalization that has brought it up in the wrong and arbitrary ranking system used by sites such as coinmarketcap.com it doesn't mean the said altcoin is a good investment for long term. in fact if you check the ranking over the past 11 years you can see that the list has changed many times with different coins going in that top10 (arbitrary) rank then die after a while to be replaced by another one which does the same thing.

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Quote from: actmyname on June 25, 2020, 08:08:05 PM

If there is a hidden gem out there, odds are you won't find it until it has already skyrocketed upwards. That's just simply a testament to the sheer number of shitcoins that clog the pipes of crypto ticker sites.

Yeah this is quite true, any good coin could just keep falling if it's hidden in a bunch of thorns, unless you have a lot of funds to try to market it.

I'd also suggest avoiding icos unless they have a functioning testnet chain and released software for it.

Quote from: Peanutswar on June 25, 2020, 10:15:46 PM

It depends on the people because today most of the developer making different coins and hoping it will make a good outcome after a few weeks, months and years the result will show immediately it this is a successful thing or not. If many people support the coin there is a potential it will continuously become popular if not it will dump immediately, at the start of the bitcoin-only a few people appreciate the use of it but by the time goes by it becomes popular because of the market profit give to the investor.

Yeah bitcoin was also cheap at the start because things like a 51% attack were much easier to pull off and as a coin ages its precieved security also improves, I think bitcoins blockchain hasn't been hacked in it's history and non smart ethereum funds have not been compromised either (there was a smart contract/multisig hack a while ago).

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It depends on the people because today most of the developer making different coins and hoping it will make a good outcome after a few weeks, months and years the result will show immediately it this is a successful thing or not. If many people support the coin there is a potential it will continuously become popular if not it will dump immediately, at the start of the bitcoin-only a few people appreciate the use of it but by the time goes by it becomes popular because of the market profit give to the investor.

Bitcoin already a successful coin so why not play safe on it, but if you want to risk your funds go find other altcoins that you can see a potential but still this is all or nothing. If that coin will success for next coming year, good you have a profit but if not you lose all of your investment.

Topic: Which coins are bad to invest in (Read 310 times)