Bitcoin Forum

As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.

Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.

There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.

These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.

A nice consolidated feed of these social media outlets would be nice. Gotta filter spam somehow though.  Lets users control which feeds to add in. Not sure how to get the 'word of mouth' thing in there since you won't really know their update channel either.

usually a coin jumps 100-200% when it is unknown then a lot of people hear about it all at once.  So if you hear a new coin bieng talked about that you haven't heard before and it looks promising, then buy it right away.  Yenten is a coin I have been CPU mining and the value just rose about 5x in the last couple weeks because I was talking about it in viral posts I made in the main bitcoin forums.

for individual traders, today's market is hard to predict and if we do research, it often does not fit our expectations. many beginner traders are stuck with the current situation, they are only interested and think about the profits alone, without thinking about the risks.

A lot of the fundamentals aspects were become a problem in this case. But the serious problem if you are facing the altcoins that based on the similar business plan. To determine how that will work and about the structur of the company and the team experience should become another fundamental problem that you will be facing at the time when analyze the altcoin.

I agree. It would be safe to assume that all of us agree, having a reliable source of info & the ability to get it when it's still fresh is the biggest challenge when analyzing an altcoin.

I also think that there is a lot of FUD, FOMO and shilling in cryptocurrency and we need to figure a solution for this.

When analyzing the ICO, many times have different discount for different participating time, so the person behind the investment may actually have several times the price of the actual legal coin, so it annoys me.

May be overall signal about the altcoin will be good to have in other words collective intelligence.

To be honest no one can analyze the price growth of the crypto currencies recently XRP price exploded and beat the ethereum on marketcap value and reached second rank.Any coin would do the same but can't find which coin will do it.So invest on the coins are already popular which give low profits but the percentage of losing our investment is less.

I don't think I have any issue.

Dev team vision is the first point I search. But sometime they miss the line  ;D

For me its difficult to follow their social media like telegram announcement each and everyday and holding lots of crypto currency portfolio that is another problem where i cant follow all of them . Initially it was good to follow all channel and news about holdings when i had really less number of coins.

I just came across this ICO thread in reddit, has anybody heard anything about Cointed before? Here's a link to reddit for those who are curious: https://www.reddit.com/r/Cointed/

That is right, analyzing crypto currencies is very hard to understand. Especially for me because I'm coming from stock exchange trading background and I'm already master on analyzing stock graphs. So I have to forget almost everything I know and relearn it.

It really goes back to readings and probably some gut feels if you are confident enough. I learn mainly in the internet about stocks but not the broker type. I just went to follow some people who had great profits in the market and somehow i am making small profits. My mistake is just selling too early after a short increase now knowing it will increase more. So at least i have enough money for long term investment so i don't need to cashout very often.

As for me, I trade forex for years before I discover altcoins trading.  You are right about we are too used to reading charts and doing technical analysis. Cryptocurrency is mostly fundamental analysis and how good the PR is being done.


LOL. I know how it feels. Just when I think it's good to make a 100% profit, the coin exceed way beyond my expectation & went more than 10x the original price!

Small note '' Do not be greedy to determine sales targets, as long as it's a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you are absolutely sure. ;D

To be informed is best thing but you can do that here on other new Discord-youtube groups (ignore pump-dump groups) to see where mst of people (money) are. Being informed is key to success.

For me, it's hard to make my own forecasts. I do not have enough experience. Therefore, I use the messages I trust. How can one predict here? Bitcoin rose, all the altcoins fell. Bitcoin fell altcoins again fell. Another time, bitcoin fell, and all the altcoins grew.

Problems comes when one is trying to get too greedy in the sense that you would want to remain in the market to make more profit when you are supposed to cash out.

Working with your personal friends in team is a good idea,my friends and i has specific jobs to do,normally i am scalping every coins which we are seeing will pump,the other one is searching for good ICOs,PND groups are indeed a scam,you just need to work with some of your prevents to be a successful trader.

I would stay away from P&D. They will get the coins earlier than everyone else and they'll ask you to buy when it's time for them to dump.


If you decide to HODL then maybe it's best to research and know the team members behind the project closer. And hopefully they live up to their promise when they made one.

One thing I have noticed is that when bitcoin is unstable, then no news and realities help, and in order for the altcoins market to grow, you need more or less stable bitcoin.

for me the promotional and marketing techniques of each project have different capacities and levels of suitability that are sometimes appropriate by utilizing various social media facilities to introduce a product in advancing crypto currency trading to be more of a concern to investors and other users deemed important for progress a particular company.
there is also enough to take advantage of some or one of the marketing facilities, in this case is needed to review the market to better know which priorities are needed in a timely manner. if not doing the analysis then it will only have a bad impact and reduce the existing trading productivity, because it is considered chaotic and waste of time and cost used.

Fundamentals are indeed more complex than technical analysis,because you will notice that a coin which has a good technical analysis wont pump but why?because of these manipulators in the market,whales and financial institutions doesnt care about technical analysis,a coin which has good technical and fundamental analysis can be manipulated by these big players,so your analysis would be taken for granted.

The problem is that when new coins appear, people abruptly switch to them and more stable coins begin to gain in price more slowly. Strongly it does not affect, but makes you nervous.

You have to deal with constantly checking up on people and projects, is person A lying is person B lying. Is this really going to happen , is that really going to happen etc.

Jumping on a coin because it is getting noticed in some circles is one strategy.  Another is to do proper due diligence on the team and business plan up front, looking for trustworthy players and medium to long term value.  I'd look for opportunities with strong existing businesses where tokens take the model to the next level. 

With this in mind, check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io.  The product has traction with 250 clients and partners in Europe and Asia.

Analyzing and understanding the potential price and value of a cryptocurrency can be both tricky and frustrating. There are no quick and dirty methods of analysis that can forecast an altcoin’s price, but there some parameters that can help you understand where it might go and how to gauge if the coin is (still) a good potential investment.

Something to remember is that a lower price will not always lead to a higher Market Demand.

Analysing a coin is difficult as there are so many factors. At the end of the day, buy coins/invest in ICOs who have a proven team who are commited to the cause. If they are good marketers and are in it for the long run, then you have a chance of making some good money.

There are 2 categories, both are worth investing into, but for different reasons:

• Long term. Code talks, bullshit walks. If the coin is competent, they overwhelmingly deliver some sound code *before* they even start trading anything. Typically they run testnet first, too. This is the case for all long lived coins basically. Ethereum and such is a modern example of this - they got money from VCs first, and then used the crowdsale to pay off VCs.
  
  
• Short term pumps. They generally cover most of first 2 pages of altcoin ann, all day. Pumps are often an easy ride because are so easy to categorize. These coins typically have no implementation, aggresivelly solicit funds, and churn out PR (not code, copy pasting doesn't count) day after day. If they deliver anything at all, it's utter garbage, often they just exit scam.
  
  

In bullish market, "long term" generally isn't where the money is. This is the reason why as a speculator, you must pay close attention to the, shall we say, "marketing oriented" projects as well.

Which means tracking shilling and FUD, because that's just a way how category 2 coins duke it out, those virtually never compete on technical merit. It ultimately boils down to "fake news" propaganda wars.

Pro trader bots scrape altcoin section to track shill/fud ratio in real time - keep track of whos "winning" and act accordingly.

Under no circumstances one should pay attention to shills/fud content, lest one would suffer brain damage. What is important about these is *quantity*. If there is sign of massive shill campaign, might be worth looking into if a pump rally is about to happen, as the campaign might pay off. Conversely, if there's sign of a start of FUD campaign, might want to short accordingly.

As for long term investing, that's self-evident. Unfortunately just knowing the buzzwords ("DAG", "IOT", "CT", "zkSNARK") is not enough - buzzwords are tool to shill the technically illiterate, not to describe technology.

Actually,  market trend today seems to be hardly to predict, we really don't know when it pump or dump as it changes all the time.  We really don't expect that today, tomorrow  or by next day it will goes up because I sense there is a manipulation inside. Though we are having a decentralized market but it looks like we are practicing in behaving just like a centralized market in our current situation.

For me, one of the problems is the technical part. I read how a project can be implemented and I do not understand whether is it possible at all in the near future?
 Does the team have this knowledge to do this? I'm googling and asking my friends if it is possible to implement this idea in general. After all, maybe in a couple of years the team will not move from the dead end in the development.

as might with better preparedness to work on displacement as referring limit with the varying level of affection the returns might shows as with the exchange to deliver returns as one with the difference on exchange to displace of numbers with beginning initiation as requesting progress with the scale of running examination with the empirical shifts of notion within the array of timelines as the focus of expends with the dedication.

Great tips yes this is pretty much how it works.
You need to stop having anything to with Superior Coin and Kryptonia they are stolen and illegal. You are mixing with very serious criminals and gangsters. Get out now

Well my problem in analyzing altcoins even if there is a good advertisement in social media like facebook, twitter , telegram or discord most of the altcoin that i joined were useless due the roadmap was not able to meet on time, with that the price of those altcoin dropped rapidly until i lose my investment. I have lots of alt coins stored in different wallet for every of those altcoins that have a very low price due to those roadmap that doesn't met and lack of devs community contact.

The main problem I encounter when analyzing a coin if finding people on the internet overhyping it and shilling the coin even if they know it is not really that good. they are doing it with vested interest even telegram and signal groups does this. I have learned it the hard way that's why I only read from trusted source and follow my own instinct. The more I have confidence in my research the more I can strategize my investments.

Therein lies the great dilemma without an easy solution. How does one predict and time the market before it crashes to cash-out? Do you set a specific rule such as "once this alt does a x5 I will cash out no matter what"?

Yes, exit strategy must be an inevitable one with respect to altcoin investments. Without that we cannot make good profit for a given time. A strategy may fail as no one can be sure about the success of one strategy all the times. Still, it may safeguard us from going too greedy when some coins sky rocketing and then missing booking profits due to sudden dumps.

The real problem I do face when deciding about to diversifying my capital along with bitcoin investments is, finding good potential coins like which one will fetch me good profits in next 2 to 5 years as I am ready to hold bitcoins for maximum times like 10 years also hence I will not be having any problem in holding altcoins for 5 years also.

I can't analyze altcoins and i don't buy new altcoins i only buy when the altcoins got stable. It is hard to analyze with the altcoins, all i have to do is to ride for a wave and control my emotions and keep the faith. There are many manipulators for altcoins so T.A. is not applicable and not so effective for cryptoanalysis.

My problem is  there are too many new coins being invented and confused me with those new functions.
And, I find it's hard to analyze the forecast the market trend for lack of collected information.
What I am doing is read as much as possible, and try to piece together the information.
 

It's the opposite, there's too little. I'd say out of the total number you see here, 95% coins are trivial scams, and it's even worse for ICOs, where I'd say the number is about 99%. Exchanges being on it doesn't help, either.

The market is more or less the same like any other penny stock market. Folks taunt bottom barrel alt crypto speculating like something new, but schemes like this were around for a long time.

Thank you explaining!! What I'm doing is keep an eye on some ICOs, and try to figure out how they work.
But I'm quite new on this topic, sometimes it's hard to tell the scams cuz some of them still have clear projects.
Could you give me some advice on how to carry out investigation about these ICOs or I just need to dig out more information
from those long-living exchange in terms of learning?

the prediction and analysis is not 100% correct.
anyone can make an analysis.
but maybe the analysis spoken by the experts approached 50% accuracy.
if I always collect a lot of analysis and start looking for similarities until finally able to conclude a prediction that became my grip.

The key thing to recognize is that it doesn't matter if it's a get-rich-quick scam (https://bitcointalk.org/index.php?topic=2590375.msg31214228#msg31214228) in and itself. If you're daytrader in bottom barrel altcoins, what you really care about is how the pump is executed exactly.

If you want short term returns, you have to pay attention to short term sentiment trends, fundamentals play next to no role in here.

In addition, with bull market we're in now, there isn't much else to put money into. Speculation is a zero sum game, and it's absolutely crucial to be positioned in a place where the most fools are, while being a lesser fool than the median.

Or you can play it long term, so called "smart money". You wait until trust in CCs hits all time low - like post mtgox hack, or governments cracking down on CCs in the near future. Once that happens, you dip buy long established coins when they drop like a rock during that period.

And cash out 4 years later when they're up again.

It's completely up to you which strategy you prefer. Majority of users on this forum are daytraders, but that doesn't necessarily mean that's where the money is. While quick speculation can yield high profits, it's also far more risky as the trends are fickle. Long term speculation is far more dependable, but most people simply don't have the patience for it.

Never been a fan of day trading. I'm taking a view to hodling for five years and hoping that a handful of my portfolio will reach for the sky. The chances are on your side if you plan for the long term and be consistent with bounty hunting and supporting your growth.

As for me the main problem in analyzing of altcoins is to correctly determine the entry point)) If you choose the wrong time to buy a coin, you will receive a loss or a long drawdown. You have to study the entire market before any act.

There are no quick and dirty method of analysis that can forecast an altcoin price, but there some parameters that can help you understand where it might go and how to gauge if the coin is still a good potential investment.

Mainly the main information of the entire project, you have to read all the official information about it, and then make judgments based on their own knowledge and experience. The project's roadmap and team are important and you should pay special attention.

The most significant problem that I inquire is the circulating supply of the altcoins that directly affect the price of the altcoin. The lower the circulating supply of the altcoin the increase in price However this depends on the current market capitalization of the altcoin, however, the circulating supply is the value that is generally used to calculate the price.

If you can get a good coin with a low circulating supply at a low price you are onto a winner. Much harder for the coins with huge amounts of coins to make significant rises once they have hit a decent market caiptalisation. I like Coinmarketcap to find out the economics of each coin/token.

I think the growth of the coin, can be predicted on the news. Good news is expected - the coin grows,bad news comes out-the coin drops. Especially the coins with a low market capitalization.

The problem I experiencing when analyzing altcoins is that the lower circulating supplies translates into higher prices. Let's say if an altcoin has a circulating supply of 20 million coins it is likely to have a much lower price per coin than a coin which has a lower circulating supply.

The example of ripple is very popular in this analyzation of art points is ripple had billions of coins and supply unlike the other altcoins in the market but it has a huge market cap in market dominance near as one of the major Cryptocurrencies where I was on the other side Z Cash has a circulating supply of just 1 million coins but has a price of 100s of dollars.

Announcing a news or having a good ranking does not guarantee the price of a coin to rise.

Take Verge $XVG as an example. The coin is ranked among top 10 cryptocurrency on AdFunnel cryptocurrency research tool as seen on http://beta.adfunnel.tech & recently announced they're partnering with Pornhub, which is a good news, but the coin price dip more than 30% since the announcement.