Bitcoin Forum

Right so from my understanding, and from listening to the people on the forum here, you need to read into the coin you want to buy etc.. However so many altcoins just had a pump yesterday, is it even the right time to buy now? And how do you choose an altcoin you want to read in to and possibly buy?

Do you scan coinmarketcap.com? If so, what do you look for?

Monitor first the prospective coins.follow its flow and check the movements..hear some feedbacks.and filter them all upto the point you found what u wanted to invest.altcoins are too many.but only few stands its promises.so better watch out and be carefull.

Yesterday we climbed a bit, I honestly know that if you look at least 20 charts, they still will not give a clear picture. Therefore, in the majority I trust only myself and I put in the eth and waves, these are still competitors of bitcoin.

Many holders of altcoins sold to buy btc to get free BTG. After this they sold btc to buy back into alts. Some good gains on alts yesterday.

I also like you find out information on this forum and refer to the above coinmarket. I usually buy big altcoin but the value dump and the altcoin pump is ignored.

At first, you have to decide for yourself which funds are you ready to lose, how active are you planning to buy/sell coins (is it trading or long-term investment) and how ready you are to risk. After the budget is set, you first sell your fiat (if it was in fiat initially) and buy bitcoin. Then if you plan to go for a long-term investment and are not willing to take risks - just leave the money in btc and wait for some months. If you are a bit more risky - invest in top coins on marketcap (read some thoughts of others on them before). Finally, if you're really risky and eager to get big profit - find a nice ICO for yourself and invest in it.

Me, im looking for news and updates for upcoming events of a particular altcoin i want to buy in the future. Yes, most of the altcoins are just pump and dump coins. So if you see an altcoin pumping without any reasons or any unusual movement. You should be careful not to join them because that's is surely a pump and dump. Some people are trying to manipulate it's natural growth. Don't just ride the flow unless you know what you're doing. Invest only on good altcoins. Ethereum, Litecoin, IOTA and Monero are good altcoins in the market. Those are for long term because they have good future. Coinmarketcap is a good tool. I used to visit there and hunt some good altcoins. Try read news and upcoming events also. It can give you idea what altcoin will pump.

I wiuld recommend youinvest just a little amount firstvto test the coin and if you are alreasy certain that the coin is legit then you can put your preffered amount.

i think its very difficult, there are indeed so many coins listed
and so many with similar technologies it can be difficult to
know which one is better than its rival.

its somewhat easier in choosing from the coins in the top 10
at coinmarketcap because these are less volatile and are
not are pumped and dumped as alternative coins.

Bitcoin, Ethereum, Dash, Monero, Litecoin and NEM are safe
enough to get into.

Many new comers to crypto are attracted by the lower priced
coins and the perception that they are going to go "to the moon"
but always this is not the case with the exception of a very
few like possibly NEO

Yes, there is too many coins too choose. However, it's impossible to look all of them. You may stick only to 2-3 coins to focus with and do the strategy to maximize the profit. You can hold all of your money and do trade in same time. Invest only small amount won't work in this case.

If coins have pumped then that’s probably wrong time to invest into them because if you invest at that period then you will probably loose profit margins that you may get when they are not pumped lot.

Yes, coinmarketcap is good site to seek for the trade data regarding your choice of coin. I will probably look for prices fluctuation and most important how much market cap is increased or decreased. That’s the most close factor which decides the price of particular coin.

Sometimes gut feel is right. Means instinct gives much accurate guess than recommendations from others. Do research, look for the development team behind it, the supports from the community and the longevity the coins exists. If the price is pumping now that’s not a reason of not investing for it might be pumping throughout the year. So take the risk.

Referring to new coins or tokens still in the ICO or introductory stage, almost all of them can't be found in CoinMarketCap but if you prefer to buy those who are already in the market for some time and their standing value then CMC is for you. What we are witnessing today can sometimes be dizzy especially if you have the intent to invest some money on cryptocurrency but we have to remember that just like in the offline world this is just akin to entering a supermarket with so many choices -- some products can be cheap and some can be expensive depending on your preference. And in this process we can get into something that will not be producing anything at all or a big failure or maybe something that can exceed our expectations.

coinmarketcap is a good place to find coins that are already lauched, but if you want to make a descent return, I'd recommend to find projects that have not already launched, so that you have the chance to invest in their ICO or presale (highest returns come from joining as early as possible). There are many services out there, such as ICO calenders, ICO schedules etc. which give you an overview of all the projects currently being developed. Make sure to read thoroughly about these projects (their whitepaper most likely) and the idea and team behind the entire project. If things add up and you believe the idea has future potential (long term potentia, not short term gains) then invest in that project during the ICO and you'll most likely see your capital multiple in value in a couple months/years. It's of course a risky thing to do, but in my opinion if you don't have a lot to invest, your chances of getting a reasonable return are quite high.

You have already lost the opportunity to make some quick bucks by buying some alts cheap (before bitcoin gold hardfork) and selling them right now. But I am expecting bigger pump in price of few alts like ETC and OMG when all this fork drama on bitcoin will be over because both of them are still undervalued and getting strong support at current low prices.

If I want to buy or invest into altcoin. I firstly watch out for the availability of the coin on exchange, I mean how many exchange has the coin listed for trading in case there's pump in price and I need to do some quick sell of the coin.
Secondly. Historical data of the coin. To know how the coin is doing well in the market for some period of time.
Thirdly, I check the trade volume.
If all this are cool then I'm good to go
:)

I always scan coimarketcap.com for new coins that have a small total supply and a small marketcap. There must always be some room for the market cap to grow!

Yes I do check on coinmarket website for all the historical data about it and to know what was the total volume of last 24 hours. This gives us estimate of how that coin might just perform good or bad in the time to come. Surely if you see the red side (-%) for the coin which always stays up then you should really buy that coin. For such coins there are higher chances of getting pumped sooner than we think. So if you see the same coin onscreen side then don’t buy it. It is very simple math and logic which gets you profits. Also do not try to enter into coin which is away from top 100-150 coin range or with dead volumes really.

Wouldn't you rather have many coin and token to choose from instead of been stuck with few! To follow a coin and be abreast of it's developmen and major news, make sure you bookmark the coin thread on bitcointalk and if they are on slack, you should join the coin's slack!

I check the website, team linked-in profiles.
Coinmarketcap like many others have already mentioned, and I check if there isn't all full of brand new accounts.

If you look at their performance this month, you will see that most of them have lost significant figure, yesterday was just the normal market reaction to Bitcoin GOld, there is need for trust to return to Altcoin market for them to sustain their new gains

there is a lot of altcoin out there, I often see the movement of altcoin in marketcoincap also often monitor there, to buy altcoin I more follow my feelings if this coin is best to buy

My personal advice, look at some of the main aspects such as the age of coins, volume 24h & the market cover of the coin itself .. yes even though the movement is very fast.
If the coin want to trade still looks new ,, note how the community activities and total supply coin .. from there we guess what kind of future coins.

Well for me i choose a coin that has already in the market and have been traded . Yes there is so many coins that been pump not only yesterday but also in the past days. You can choose your own altcoin to buy but be aware of its value and its place on the market place because of so many altcoins that have been pump lately there is a chance that they get dump. All your efforts and coins will be wasted if you buy a dump coin.

The recent change in the market was due to BTG. There isnt anyone here that can guarantee you a huge return. Look at market cap, potential to grow compared to other similar alts etc