Bitcoin Forum

When I have some coin wallet or market showing RED signal I can't stop myself to buy a coin. But maximum time price goe's deeper. Lot's of time it's happening for me, maybe the same story happens to you.

So let's start discussing what factor need's to check like Volume, moving average, price history etc..

first of all you need to check the upcoming hard forks, and then you have to check the percentage of price increased per month, if this sounds profitable to you then you can invest on that altcoin. Also check the growth value of that altcoin.

When trying to buy an altcoin when there is red signal,then you have to be much cautious.Buying a coin when the price falls is not a bad idea.But you should get caught yourself by buying a coin which has been earlier pumped and now getting dumped.You must check its previous price history.

If you still find it to be an under valued coin,then you could buy it confidently as its price would increase in future.Otherwise,just stay away from it.

The most important factor while buying into a coin is its roadmap and if you believe it could make the impact that the team actually intend on reaching. In the current altcoin market with thousands of new tokens, it gets hard to choose and many of these die out before they make it through to the end.
One more interesting factor that I have noticed is that investing during ICO phase of almost any project is pretty much useless as the coin is bound to fall way below ICO price once it hits exchanges so investing post ICO is a far better choice.

The most important factor when checking before you buy a coin is how decentralized it is, in every aspect. A lot of coins talk about decentralize this decentralize that, but their developing team, investors, marketing team, etc are centralized and therefore this means that the whole purpose of the project is for greed, and ultimately speculating in the markets in hopes of making money from a coin, not the idea.

Thanks for your valuable suggestion
Can you tell how can I check A coin is decentralize or centralize

I think you need to analyze graphic on coinmarket. Understanding how the price was changing in the past can help you to understand future. Also, it will help you to see was this coin pumped or not. Because it might be a dump. You will buy it and lose your profit.

Usually buying a coin for long term, will get you out of the scenario you are facing now. Every coin has a moving pattern and one need to identify that by extensive monitoring of the price trends. But there are few things that you may want to check before investing in it,

1. Trade volume: This is a very important factor. because if the trade volume is high, that means the coin already has a market where people are engaged in trading. So you will have a chance to sell it at the right time.

2. Market cap: Higher market cap means a lot of investors are active in this coin. So the chance of price increase is also high because of its acceptance by the community.

3. Exchanges: If the coin is listed in only one exchange, then the chance of getting active investors is very less. The more exchanges it will be listed, the more visibility and investment it will get.

4. Price trend: It is also a very important factor for a good coin. If the coin is active in exchanges and scoring a good amount of trade, you need to monitor the price movement very closely to identify the pricing trend of that coin. The more accurate you can identify, the more profit you can possibly make.

I hope it helps!

Yes, you need to check everything before going on, there are a lot of people who are buying altcoins only for making thousands of dollars only by investing one hundred, and this is why most of them fail with them, because there is no such an altcoin that can give incredible profits.
just make a good research, ask people for advices, and then invest as max as you can afford, dont invest your life savings because you are probably going to lose that money.

Team is important yes. Bitcoin have been developed by the best persons around that time. And see the results. Bitcoin have changed the lives of everyone who have used it and maximum of them are praising it. Team is important for the best coin because their efforts can be seen in that coin progress. You are investing money in it so must check every aspect before joining it.

We should check future project of coin,experience of the marketing team, application of the coin in future.

The marketcap of the coin and what the whitepaper says about the coin is the most important factors of the coin because I need to know what the coin is about before purchasing it.

Just go on YouTube. Search for Technical Analysis
Watch like 50 videos.