Bitcoin Forum

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?

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

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

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.

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.

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.

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

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..

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.

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

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.

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.

http://i.giphy.com/581WuZiyoxt5u.gif

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.

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.

Guldencoin ;)

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

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.

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

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. 

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.

Number of nodes
Frequency and number of GitHub commits
Developer profile

i used to search for some altcoin that is old, good, reliable, ... which i could invest in and hope that its price goes up and i can profit from it.
but eventually i reached this conclusion that you said. and now i consider all altcoins as a joke and a copy and most importantly just a way for me to earn a profit from trading them (and never invest in them).

so you just need to study the markets in order to do find a nice one to do your investments. just find a it before pump and enjoy the ride.

Have a look at GetGems/GEMZ: https://bitcointalk.org/index.php?topic=758004.0

It's still in the bug-chasing and upgrade stage, but there's a real app that works. The concept blew my mind: it has the potential to take crypto mainstream. It's still near the initial ICO price. One of the things I like about it is its price: still only a little above the initial crowdsale price. It's already gone through its excitement pump and faded back, so the price is now reasonable.

[Yeah, I am a bagholder...but my bag isn't as big as I'd like it to be. As with any genuinely innovatory crypto, this one takes patience.]

The problem is that you cant rely on active devs or good improvments because i have seen some coins that were innovative, had apps and all that yet they died, honestly in the last months when i was mining altcoins, new ones all of them and i mean literally all of them ended up dying, the thing is that at the start there werent many exchanges and most of them didnt accept new altcoins easily so shitty altcoins didnt grow but now, damn there are exchanges for any shitty coin out there

My criteria:

1) Good volume
2) Supporting community
3) Skilled developers
4) Future and promising plans
5) Something new compared to existing / other coins

I study everything that pump and dump groups are doing. I like them.

When I see a coin they have pumped three times or more, it goes on my watch list... I buy into them, set my sell orders at previous pump levels... and move on...  Some of them sit for a long time and do nothing.  Many of them get pumped again, then I take my 200 to 300% profit, and re-invest in the known pump victims that are currently sleepers.

It's a long term plan, and it works.  But it takes a long-term mindset.  The great thing is, I don't sit and watch the charts all day. It only takes a half hour a day to monitor and set up... I establish my positions, then the pumpers do the work and I take profits... sometimes I don't realize that my sell orders have been hit and I took my profits until a day or two later.

Low stress altcoin profits - recently I started tweeting. @smokinaltcoins

Cheers and good luck.

I look at a coins historical data, research its community and then invest in a few chosen ones, with my own home-made trading method.

The very first thing I do, is look at coinmarketcap.com, for the latest and greatest alt coin data.

On coinmarketcap, I always look for coins with the following criteria:
-- Relatively high 24 hour volume
-- Good volatility on price chart (x.5 to x3 value change) for 30-90 days
-- Lower entry price point ($0.0000x to $0.0x) for maximum shares
-- Is coin accessible on popular exchanges, ones you have access to?
-- No instamine or premine if possible (rare)
-- (Tip: you can sort coinmarket data columns by price, volume, etc)

After finding coins with above criteria, I do more research to see if a coin:
-- Has competent trustworthy developer(s) (Does the wallet work?)
-- Has any outstanding, innovative feature(s)
-- Is actively supported by the mining community
-- (Hint: research the above on coin's main Bitcointalk thread or its own forum)

After winnowing my choices, I pick the best 3-5 coins and invest using the Hollingsworth Method.

Good luck!!  

H.

Thanks to everyone for your ideas and methods, they are definitely good and will help me, i will probably start investing just a little from now to see how things go, if i see im doing well then i will start using more money.

Im going to take a look in the next few weeks for altcoins to invest, maybe even post here what i picked.

A good safety tip:
Exchanges can shut down, and disappear overnight taking all your coins with them. This has happened!
Never leave your coins on an exchange: after buying them, transfer them immediately to your local wallet.


Good luck to you...

public dev is important. anonymous devs can disappear to start new coins.

I'll invest in anonymous stuff but it's risky. There can be good reasons why someone is anonymous so you can't just ignore them all.

I like to know the dev. If they have kids and a job... that sucks. If they are free and fully committed, im in for sure.


Every coin is different. You have to do lots of research if your plan is to accumulate and hold for years.

No my plan is not to accumulate and hold for years, im already doing that with btc but obviously is not bringing me any profit right now so instead i decided to use a small part of it into altcoin investments to make some profit, thats why im looking for coins that are volatile, short term trades.

Oh...okay. I had thought that you were looking for a buy-and-hold. Trading's really not my line, I have to admit.

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

I ever choose the coin because of the very high volume in bittrex then I tried to take the coin, then the next day boooom exposed to dump the coins and the price is getting worse. and it is the new coin :(

I look at a couple of things before investing into an altcoin. Primarily it depends on the developer and how much experience he has developing things from the past. I also usually look at the roadmap and go through it to see if its original and how achievable and worthy the milestones are. I would also look a few other specs if its an ICO or if it involves a premine for the developer(which doesn't necessarily mean its bad) .

Nah thats not good advice, not even bitcoin is used in the real world that much, and plenty of altcoins have been on top 10 with no real use, dogecoin? I mean come on that was a joke coin and look where it got, it has nothing to do with what you say, unfortunately.

Terrible criteria.

It's all about profit potential

Yes, robbing off others less skilled in manipulation than you is really an admirable ting to do.

Well dude, that happens with everything, when you profit someone else is loosing, it happens with everything, sport betting, you name it, we cant all be winners, if we were we wont be winners anymore, its how it is.

You don't need to be manipulator yourself.

Just watch what the manipulators are doing, and pick the side you think that is better at manipulation