Bitcoin Forum

For me: 
 
1. I immediately check the algorithm.  Is it POS (instant turn off), or some other gobblegook?  If it sounds unique, I'll give it a chance. 
 
2. IPO or even worse: pre-mine??  >:(  Do not pass go, do not collect 200 bits.  FOAD. 
 
3. Does it have a healthy community with a professional website, whitepaper, and non-shillbot comments?
 

I check if there are annoying shills on the forum trying to shove it down my throa and compare it to the amount of sensivle people talking positively about it. If that works out i might look at the project.

The fist thing is mostly how much coins there are and how much go to pre-mine. If the % is too high for the pre-mine, do not risk too much.

So first we had Ethereum shills making dozens of threads, and now Monero/Aeon shills.  ::)

You are lowering the reputation of Monero and Aeon, making them appear to be P&D shitcoin scams.

What a shame. And what a marketing dunce you are!

If you want to build the reputation, then you display confidence by accomplishment, not by trying to sell your features because your features can't sell themself.

You could start a thread to enumerate all of Monero's features. That would be a more factual and useful reference.

Stop the crypto wars infighting. Everybody is tired of that shit.

It is not quite clear yet if IPO or donations funding model is superior. You shrill with the assumption that you can force readers to your beliefs, but readers don't like being  hit over the head with a frying pan. I hope Monero has more features than just being a donation funded coin.

What readers want to hear about is the features that will drive adoption and/or investment, but since investment tends to be sustainable due to real adoption then I would suggest the former is the most convincing.

whenever i see a new altcoin released, first i always check the new coin's developers then check the website and the community of the coin.

pre mine is a big no, but i don't care if it is POS or anything else as long as it can survive and its price goes up.

And if there is a premined coin with 1 millions users and growing faster than Bitcoin, then you are just going to let the train leave the station with you left behind because of your irrational bias?

Do you really think you can fork an inertia like that.

You're wasting your time here. You can't get people out of that mentality. If you could we wouldn't have so many shitcoins out there because noone would give a damn anymore.

Could this bias be what prevents the very scenario you are talking about? I'm fairly certain there is a psychological term for it, but don't feel like looking it up when the example is right here.

4.  Anything listed in the Announcement subforum is usually something to avoid.

I don't think so because speculators are followers not leaders. Adoption can lead speculation, not vice versa.

This assumes that everyone who is speculating is only thinking as (or for) speculators in their equation, some, if not most, might be using their own metrics for use to determine what to invest in--not a "what would someone else use" mindset, but a "what would I use" mindset. It is possible for people to be both user and speculator and simultaneously spur adoption and speculation.

But I don't think speculators make wise decisions as to how to invest for adoption, because they are not close enough to the technology and marketing. The creators are the leaders. That is why I have often said that I don't think open source can create/tap a new market.

I intend to prove that and say, "I told you so" to smooth, rpietila, and all the Monero crowd.

Open source is a refinement and shared investment in quality assurance mechanism, not a creative one.

Well for me only the last thing matters, good community and (realistic) future planned projects counts. I never look at the newcomers. I like the old ones. Like DOGE for example, although I don't have any coins in possession.

i am only looking for price in an altcoin, i don't care how it is i only want an altcoin which can grow and double my investment.

My guess is you are talking about a coin that is premined, but doesn't suffer from the centralization of power that we've been raised to believe in the crypto universe is the enemy of all that is decentralized and good, correct? So now, if you invent it and that's the model you chose, you will have to convince early adopters that what they've been led to believe by everyone relevant in the community is not true for your coin, which is the exception to this "rule". I hope you see the chalenge you are building for yourself-- the early adopters are the ones who determine which turn the speculators take in the maze.

This, usually along with shoddy tech, is why premined coins can't get enough traction. You can educate, but ignoring the problem will only get you a bunch of stubborn speculators who can't see the limitations of their greed.

this sounds like you're saying mining doesn't lead to centralization which is complteely untrue. If centralization is your concern then you might as well go with a premine.

I'm saying mining centralization is one of the problems that may be solved (I didn't actually touch on the subject), but a premine is guaranteeing centralization (at least with the current crop of coins), BUT what I'm really pointing out is that anyone who wants to launch a coin with a premine will have to overcome this obstacle/bias--even if their coin has solved the problem.

Legal funding options (https://bitcointalk.org/index.php?topic=1218399.msg13879486#msg13879486).

Profitable proof-of-work mining will always lead to centralization (https://bitcointalk.org/index.php?topic=1183043.msg13850005#msg13850005).

Happy Valentines Day. My gf said put hearts so here you go: ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥ ❤ ❥

I could counter that a continual release of bots could create a self-replicating virus used to secure a coin's decentralization--think of it as Delueze's idea of capitalism as parasite taken to its logical conclusion.

Remember, when little shit countries defeat juggernaut empires, it's because they play by their rules

 :P ❤

If there is profit in PoW mining, then the one who is best at bots will make the most profit. It is still centralization.

Sorry you can't win this argument. I thought it about it deeply. It is an inviolable and unarguable point.

Three things.

1) The tech: Has the coin at least on feature that is unique in the crypto coin universe.

2) The community: A coin needs a helpful and dedicated community.

3) Plausible plan for the future.

The bots will be free-ranging and adaptable, or are you forgetting what you taught me about the information age?

I never taught you that humans will be less creative than bots (http://unheresy.com/Information%20Is%20Alive.html#Thought_Isn%27t_Fungible) nor that those with less resources will win that competitive race.

Dude, humans would be the ones adapting the bots the same way designer drug makers keep redesigning their wares every time the drug rules change--that is until AI exist. And those with less resources can win if they use better or unusual tactics--see history book.

Its all written here by Wolong at what you should look in altcoins. Read and remember before you buy a coin to make money  :)

https://cryptofrenzy.files.wordpress.com/2014/02/god.pdf

the most important thing about an altcoin which will interest me in first is its community and number of people supporting it. because as we all know if nobody likes the project even if it is good, it is not going to grow. so this is a deal breaker for me.

then after that I will look into the altcoin project itself to see if it is actually offering anything or just hype. it needs to have a good developer too, someone who knows what he is doing and is always active and improving his project.

I see you guys mentioning "premine" I have to say I will feel comfortable with investing in a coin with a massive amount of premine, because I will always live in the fear of the massive dump to come.

This was a thread about all altcoins.  Not every topic I make is automatically about my favorite currencies.  The one that sparked this was my investigation of 'Expanse', and my disappointment at seeing they had a premine.

I never take any new altcoin seriously. 

If its been around for a couple years, still trading, and still worth something; then it must have something going for it.

Then you won't necessarily buy at the very low prices if Bitcoin's adoption and price history is duplicated.

Of course though I agree with you, but I can analyze which coin will be the next Bitcoin so I will likely know it very early. You probably can't.

Yours would be the only altcoin I would not hesitate to buy right off the bat, no questions asked.  And you are absolutely right about my skill set.

Thank you but that also makes me feel uncomfortable. Hopefully you will invest on the merits of the product, not just the developer. There is a big difference between talking here on the forum and performing as a developer. I have to make that transition.

Thanks again for the encouragement.

Maybe I can sign off with this message. Hope so...

For me are the features community and the people behind it .these are a coins survive in this environment,there are to many unblievers in these new technology ,the coin has to have a strong features that any one who discovers it ,will adopt,the community also plays a major factor on the success of any coins..

I check after some time - if there are many users Web around for this crypto. This is Nr.1 for me and most important. Then I check, if transfers are going ok  ;)

One thing I'd look for is whether the creator or development team of that currency is actively trying to recruit aboveboard vendors. This takes time and patience, so usually what I'll do is bookmark it so I can check back in six months or a year to see where they're at.

A """community'''' that hang's out at Bitcointalk spamming their "Speculation" Topic to the top of page 1 24/7 for years..

And it don't hurt to have a Forum game spamming too..
After all they are an asset for public adoption.

Dedicated troll(s). The more spiteful, angry, lying, deceitful, FUD-topic creating and logically challenged, the better.

Kill the Wabbit (https://www.youtube.com/watch?v=Yxiv3CBMS4M)

Maybe all trolls are descendants of Australia's prison immigration?

To think Bitcoin is the begging ant be all end game is dumber than the "trolls who pump shitcoins".

Bitcoin while great is extremely limited in terms of features. After the big fork we'll see what happens but I'm not to optimistic. I think bitcoin got the game going and if anything may be a store of value of some point, but up and comer alt coins with superior technology will be what people use to make transactions. It hasn't really happened yet but the merchants are wising up to have jammed the bTC network is and are starting to take the "second their of coins" out there

There are demands for consumers in certain markets. Um and coming coins are targeting explicitly that desire. Those will run the show for certain markets once they get the nod from the community. How that translates to price I'm not sure. It could take 3 months or 3 years for those coins to turn into $1000 coins.

i will check how many people Trust it.

I'll also check community point if more people support a coin I'll put my money their .

1. Algo is important because of the network stability, however you can see pure POS coins with good network (NXT).
2. You are most likely right, but we've seen honest devs here with IPO or premine.
3. Just take a look at Garza's paycoin. That was professional, with a good community, everything was looking good at first. (BTW by using the right "callwords" everybody can build a good looking community.)

In my opinion real word business potential is an important point. E.g. a 77th weedcoin or a 34th anonymous coin is something what only moderately interesting. A professional looking new microtransaction coin is much more interesting.

for me first thing is innovation with real usability, it has to have reason for adopting by people, otherwise it is worthless.