Bitcoin Forum

Recently there are a lot of new alt coin and most of them are scams, but there are also some profitable coin on the market,how you find if the coin is worth to invest or not?

For me don't take them seriously like treating them like a bitcoin that you will buy and you will keep it for a long time because if you did that you can't make good profits IMO. If you ask me it would be better if you don't do long trade because IMO short trading is a lot way profitable than long trade because in short trade you could easily earn up to 130% in just a day of doing short trade because you are allow to buy and sell again and again. But don't forget that just do short trade on coins that are in the trend ;).

trading altcoins such as gambling for me because if you were lucky found the exact particular altcoins you could earn more profit because sometimes altcoins prices could increase more than 50% only in a few hours but if you're incorrectly predicted which altcoins have you select just prepare to get huge losses

first of all i think you should look here for it's reviews,opinion etc.
Next important thing to do is check out if the dev's aren't anonymous,and remember that volume of coins i very very important!

Honestly its very hard to choose if what altcoin is profitable but you can choose most legit altcoin that you can not be lose in the future..
Try to always use the coinmarketcap site to relay what is the top 10 altcoin. those altcoin is the best to invest because almost top are alive yearly..
And i think just monitor it if some of the altcoin is increase and sold your altcoin better tto wait again that the price is low to buy again.. just set a margin.. just always remmember buy low and sell high..

Its indeed pretty hard to choose one but I think if you are just looking at the market you should pick one.
Pick the one that is feeling right and where you are having the feeling its a good bitcoin that can let you make some good money.

If I would do this (which I won't) I would look for a low price coin, with a little supply and a relatively alive community or site. In any case it's a bet.

I would not suggest to go for any alt coin and unless you are convinced it will survive for atleast 1 year form now. There are 100's alt coins that came and today their value is next to 0 or closed down.

recomended trade is altcoin, you can find high volume transaction
you can try trade etherum eth, but is price eth high, so capital money trade eth high too

Id reccomend that unless you have money you just want to throw at a coin and take a risk then you should just follow coins for a while until you get a feel for it. Read recent ico pages and see what all has happeend with it and you will soon get an idea of which coins are shit coins and which ones you think can actually stand a chance. Its at least a calculated risk that way.

Of you want to invest in alt coin hen I think you will have to invest in LetItRide, as I am seeing that it is a new coin and in its start it is getting a good image and I hope in the future it will be a successful altcoin of the crypto world.

Its really hard to find the right altcoin which is in rise. Better is to experiment it with a small amount and know it, else need to have close observation over the coin and make the profit at the earliest.

I choose ripple because it has stable of price, comunity,real fungtion in live, growth, fluctuating daily and low price too, so we can trade even with low capital. But it is depend on your system trading or way trading.

You can be 100% how to find a decent coin cause in 99% of decent coins there is a fire starter causing drama, then big holder start to shaking up charts in order to increase their position and you are in the middle sweating!

Stable prices are not insta profit you need waves to have profit

Just do your homework and find some friends (i mean real friends decent guys , not crypto friends from forums) and start co-working on walls,aspects etc

yes,huge profit,huge losses!be in yourself burden!

That's true i wouldnt invest a lot of money into altcoins,maybe just some pennies and i would hope that they will just
get more popular and the price will rise.
Anyway look at devs if  are they anonymous ,and you better check out the volume of altcoin.

For me just from the users of the coin if they having a lot of users it's will become a consideration. and maybe I see from the developer site if they have an intention, not just a scam they will make the beautiful site. and they will hold signature campaign maybe for make an advertise for his product.

I advice you to mine alt new coin for free. and then see the blue print that developers have to offer. if it looks good, then mine as much as possible. wait for some time and you will benefit.

i don't know if this is good idea or not, but ussually before i'm buying alt coins, i'm just buy alt coins which already had been long time in trading site (poloenix), and when the price down, i'll buy again

If you learn to read the trading graphs well, one could know whether the coin has been over bought or not and whether there is still a place for you. Though you can understand all these, you cannot know if someone dumps or buy a huge quantity. Just follow the pattern closely..

A few days ago I have saw LetItRide coin on this forum and bought some coins of them at that time the price of it was 0.000012 BTC , the price was much lower so I invested a few bits in them and today I saw that the price reached to 0.00001945 BTC, with that I am thinking to invest some more coins in that coin. I think you should have to try this with some of your bits.

Wow, I never predict about that. it's awesome and LetItRide becomes the coin having a bright future. I can see the volume of LIR in yobit is always increased. it's become a good investment for altcoin, and need considers to investing on them.

Difficult to say alt coins will actually yield you in long run. Generally in some time you will find it will have no value in some time.

Well for now it is good to invest but i dont think if this altcoin will be live in long life they are starting to promote this altcoin and they are promoting it via signature campaign in services section.. we will wait for few days we will see the result of the campaign..

There's no guarantee of a profit when trading in the altcoin market. You just have to study the market, make your move, and hope for the best.

your trade is reputable coin reputable dev and high volume transaction example litecoin and etherum.
in fast and much profit you can buy coin ICO, but your investigate develop coin is reputable trust or not

You are right, they should have to promote their coin for longer if they want its success for longer, just like Yobit, there are a lot of users on Yobit but they do nt stop their promotion and their advertisement through signature campaigns as they know if they stopped it people will be then less interested in their website and they will crash to nothing.

a profitable altcoin in general is the one that has a good developer(s) team so the code is good in the first place and in case of any bug they can handle the situation properly. and also are always developing their project not abandoning it after the first pump and dump.

also a good community and the support of users is also important because that creates the demand that will raise the price of that altcoin.

It is hard to predict which coin will get a big pump but it is quite easy to find out alts that have potential in future. Just for an example lisk, steem, eth, waves are few of the examples that are still in development and offer new things which could have real life use in future.

Just select the coins looking at the how active dev team are, what new thing they offering rather than another shit coin and also could that feature have any possbile real life use or not in future. Finding alts that get pumped over night due to some bulls and dev team themeselves is quite hard without knowing any whales personally. ;D

Nowadays letitride is going better and I am seeing that it is available at much cheaper price and its value is increasing much faster , in the last 10 days its value increased about 95%, and people are buying a large number of LIR with each passing minute on the exchange

Yeah this is a good way to make some out of trading altcoins,because usually if alt is up for some time,
you can actually trade it a little bit,without big risk usually.
But in my opinion,better is to try getting some really fresh one alt,and invest some money into it,and hope for a big growth :D

Yeah LIR is going to strong path now and ive holding my beloved coin yet i got big profit for todays LIR price and planning to hold it for many days who nows it will pump upto 5k sats and get lots of profits with LIR coins,


 

How come you tell to people trading without risk? Even new coins might risky if you dont do background check upon buying, coin devs have different agenda for their coin and you might buy new scam coin if you do lame buying, but really men i dont usually buy coins because it is new, i really buy coins because i know that this coin have promising future and dev have many project so his coin will be lifted up and so by that i can make sure that the coin i will buy is safe to trade or to hold.

for me profitable coin has a low volume and the selling order volume is proportional to its buying volume. a lot of new coins today has a billion coin volume. hahaha. i suggest the dash coin. its the alt coin for me.

for me, I always chose 10 coins with the largest volume, because I think it is a good coin, and means that people are very interested in the coin.

The best way to see if an Altcoin is profitable or not is the price is volatile. Meaning every day it goes up, or goes down a little bit. You can earn Altcoin if you always look for the price and hear the predictions of some investors. If you always monitor the price of a specific Cryptocurrency, then you will know when will it rise and when will it fall. You will know if an Altcoin is profitable or not. If an Altcoin dumped or not.

For me, what I did was to first educate myself, no the basis of trading and from what I learnt the most important thing is discipline you must know when to get in and out. I followed some trades for some time and this make me understand human psychology when it comes to trading altcoins and the most important way to get altcoins with big move potential is research can't always be right but the information you have will help your decision making.

you are right. the way that I use is always choose a coin with a large volume. because I am pretty sure that if the coin falls, surely the price will go back up again, as eth. so many advantages that can get when we can seize the opportunity, because I know so many have benefited because ETH

Check the charts, it's all there for you to see. Study the price fluctuation of an altcoin for a period of time to see how stable it is and do not hold your altcoin for long unless you see a steady rise in price.

Yes i see in yobit LIR has good volume now it is almost increased to 2204sats, based on this we can predict it may increase to more in near future definately.

Actually it hard to know what coin is profitable you will learn it by yourself find a good coin, the many mistakes you do that the moment that you really learn need to know if the dev is active and many plans for their own coin.

The only thing i do in yobit about new coins are buy at the very first release and trade it when it sudden price up because the coins listed their and untrustable because any time it could be dump and die since yobit accept scam coin thats why i dont do really any hodling the new comes listed in their, and one thing we must consider to know if the coin could have high potential to be profitable in the long is when devs are active and have many projects to made to lift up and also made many advertisement just to make his coin to be known just like Draco for example.

look altcoin which has good prospects. see the blue print of the developer coin. how their vision and mission. how the coin market works. and how the coin will be released. if it saw a good prospect that we could invest in the altcoin.

Definitely projects and road map are two of the best components or features that a coin should have for it to succeed,some coins are created only for pump and dump they did not implement their roadmap because they cannot really implement or launch it..

Roadmap and the fact if the developers are known, addresses, reputation etc. it gives you a way that he or she is not dark.
Dark developers (no info about them) are a guarantee for a scam to happen.

This is hard for me too. It seems that when a new coin is introduced to an exchange, sometimes the price spikes high for a couple of days and then drops way down and never goes back up. There are very few that stick around. I think the best thing for me is to wait until there is some positive press about a particular altcoin before I put money into it.

When you look for an altcoin, you should look for the one that offers you more advantage features to carry out with better proficiency your transactions. Looking for a"profitable " altcoin is a clear sign that you are not actually looking for efficient features, but for emergent opportunities to pump and dump.

Finding profitable coin really is very hard to find since their are so many alts existing today, but really for my choice i select those old alt with stable price and flactuating frequently so i can make sure that i can monitor the flows and i will not be left behind if i am away, and for those new coins i reaIly doubt to buy and hold it for many days since high possibilities for new coins are easy to dump since many devs make some coins just intended for scam purposes only.

before buying altcoin right, you should seek information about altcoin it. so many ways to search on the altcoin information from the official site, up in the forum is also very much to provide information about it. apart from that you also need to look at the volume of altcoin it, if indeed the large volume and in accordance with the information you get I think it would be very meguntungkan altcoin. if the price drops, maybe you'd better buy it, because if it is altcoin good, you can get a profit from it

any altcoin can be profitable as long as it has a decent daily trade volume and also as long as it is being pumped. because who cares about other stuff as long as you can buy that altcoin at bottom or on the way up and sell it on top.

but some factors may help finding good altcoins:
1) a good and active developer(s)
2) community support
3) good code with no bugs
4) having some real world applications is also good but can't be found easily.

you should first check out the altcoins announcement topic on bitcointalk to find out more about that specific altcoin. then you should read some of the feedbacks to see how things are with the community and most of all look how its dev team is working on the project. this way you can find how good or bad the altcoin is to some extent.

The community is one of the main factors. Suppose the coders are not very good, the community 9/10 times make sure budget will come for development.
The more active the community the better the coin will do.

I agree with the community support but there are thing that i was looking for to know that the coin will be profitable in the long run like devs have future plans to make usefull project to make his coin known, good marketing strategy so the coin would get more exposure to traders and lastly the dev is transparent enough and have budget to support his coin interms of downfall so he can lift it up and make it alive.

well, when you decide to get involve in altcoin trading then you need to know lots of things first. see the market and the price chart.
right now I am addopting CryptoJackscoins. it started recently and rocking the market. I don't know what will happen in future but till then they increased alot.

some other altcoins I like:

Lisk
Wave
Etherium
Cryptobullion.

I think the profitable altcoins are the ones generating the biggest volumes on the major exchanges. I mean not big volumes for a day or two but constant big volume. For example the top 10 largest volumes on Poloniex are (to me) the most serious altcoins.

Nicely explained sir.But i think we need to get in depth with all the points that you provided.Me also never understand the theory begind this thats why i had to face some losses in trading then i left that.

You can add Stratis it has good dev with promising project and i think that coin have high potential since there ico takes long days so possible that the price of it well be soar high after distributing the coins in the exchange and also xaurum rico is one of good coins next to bitcoin now there launching there new coin and that must be worth to wait since their old one currently have priced at 0.6 btc in ccex and im very sure their new coins well be worth higher when it is released.

I would suggest to stay away from the alt coin if you looking for long term. Bcoz n number of coins are in market and many have vanished as well. And many have value next to zero. In short term if you invest in 10 coins - 3-4 will yield you profits and rest  ???

Yocoin is a good altcoin...

All altcoin had a risk if you want to earn take a risk it would be better if you friend that will guide you

The best altcoin now a days is LIR , look at its price chart , it is steadily increasing , if you want to invest , buy it from yobit now , because the price will rise up soon when Poloneix add it , this coin is related to a dice platform which accept LIR and Bitcoin , and the LIR dev team is very effective .

Your right and its already almost at 3k sat. did you buy many?

You're going to have to come up with a mental checklist and then search for a coin that meets all of the qualities you think would make it successful. It won't be easy BTW

Yeah, LIR is now running on the path of success and it is hope that this coin with the support of developers and with the support of its campaign members will increase much higher in the near future.

Lir is in good price we see that this forum os so helpful if you want to promote altcoin, and  dont forget xaurum that coin I think had a potential too. And the good support of developer I'm looking forward to see what  will the price will go through after the rebirth of it.

I would love to see the rally of LIR  really and its is possoble for that coin to reach at 5k since the upwards for that coins is really stable and i see that their devs are having a nice project on the making their so thats why i dont really doubt that LIR would pump for more and also you can look up to CJ coins also as you can see to any exchangers the price ul for this coin are surely profitable upwards thats why i really monitor this coin so i can earn more for its uptrend.

this is one of the most important questions that needs answering and also the hardest one to find an answer to.

from my experience so far i can say you have to look at some aspects of the altcoin.
the most important one is the developer. because if the developer is a scammer that coin is not worth at all and will never grow. but if he is a dedicated person to his own project and is always improving it then the coin can grow and be worth a lot more over time.

LIR is a best suggestion, I also have invested in this coin and i am very happy with my this investment, I hope it will rise more and will reach to a value that I will millionaire with this coin.

Find an ICO that sells in rounds. You can more than easily flip then in between rounds, you can triple your investment!

I went from 0.04 to 0.12 in a matter of days!

LIR is a promising altcoin for long term investing.