Bitcoin Forum

Do you have thoughts about profitable coins in the near future?
Since GRIN difficulty is exploding and the prince sinking.

And ideas?

They are too dependant on the BTC price, a small backswing can break alts...

The only one where you can try are the small marketcaps, but it's almost a gamble there too and too subjective to speculation (IMO the GRIN price went up almost only because of the BTCTalk adoption, even theymos said the price would go down in the first weeks/months due to the distribution)

I will fully go on existing coins instead of new born ICO/coins

The reason is simple, when the market goes bearish but when existing project still goes on development
It create a price/development divergence

Project like ICON/Crypto.com(Monaco)/Kyber Network are surely my #1 choice if i would look to invest in profitable coins
Reason is simply, all of them have a working product

There's no such thing as 'upcoming profitable coin'. Nobody can tell you for certain that a new upcoming coin will get you profits since no one can predict how the market is going to react once it gets launched, there are only two opposibilities: either the coin manages to attract people causing a surge in demand, or it ends up being a complete failure. It's up to you to decide if you want to gamble your money.

About GRIN, it seems like it didn't live up to the hype, but it is still a pretty new so we'll have to wait and see how it performs in the future.

I have something in mind right now but it is very risky, that project is called Bulwark. It is profitable if the transition is fine and the project itself finds out a right people to handle it.
yesterday, the team announced that they are leaving the project and someone from the team itself(maybe yes or not) dumped all of his holdings.
caused the dumpage for more than 70%, it is a masternode project. Survived for almost a year and if the community wants to take it over, the price might get pumped again.
of course, there is a probability for this project to die as soon as possible if everything goes wrong.

Here is the link : https://bitcointalk.org/index.php?topic=2499481.0

Zilliqa mainnet comes tomorrow with the first sharding implementation on a blockchain. Could be a hype-fest, and the price is lower than a week ago now.

When I'm looking for speculative gains, like XXX %, I'm exactly on the opposite side of you.

Old projects are struggling with their development and current alt prices are not helping at all. Monaco for example  are over 145 000 non-executed card orders behind and people are getting bored. But new projects are starting on current bad position and on one bullish market will gain a  lot more, so I'm investing in new ICO/coins everytime I can afford it.

I have been looking for new projects recently especially with potential of generating some passive income so for me foxt and dropil seem good and i think they have huge longterm prospects especially if they perform well.

My first question is how would you determine with 'upcoming profitable coins'. Do you have anyway to know on how most of the upcoming coins are going to be profitable for most. Well for their develops at least it's a yes but for investors that are looking for these, I don't think so.

Chance is 50/50 for these upcoming coins. You'll just choose on what you invest so you won't be in the middle of nowhere when the dumping starts. If you bought earlier than others then you're at the good place but you'll feel bad if you bought late.

Theymos said that the realistic price for 1 Grin is around 1USD and still investment into Grin would be extremely risky, so think twice about it  ;D.

We should await those promising updates soon, and I hope other traders will not be tire of waiting for that. Actually patience is hard to do since we're not yet able to see good prices on all trading sites for a while. So we need to be more patience in order to sustain the current struggles.

Well said, about Grin I have the same feelings right now. Yes, it's still new or let's say, the hype is still new. I'm always wondering because Grin was known since 2016 but until the last few weeks we heard almost nothing about it and now it's praised as new Bitcoin and other shit.

I think it's just a hype like end of 2017 when every Shitcoin was going to the moon and after that all of them were dumped badly. It looks just similar to Grin now.
I can just buy some Doge now, same effect, but less risky.  ;)

Grin will be a hugely hyped coin for first 2-3 years. Later it will come to huge deflation because of its infinite supply. People are predicting it will be like dogecoin at the end. But for now, it is a good investment.

There are many of them, now I am trying Graft, SC, OMG, RCN. Not top, cheap and most importantly for the future.

Not upcoming though but definitely is promising, LEDU.

Zcash,Minexcoin,Nagacoin etc. If you are asking for making portfolio then diversifying between promising coins can give better results rather than blindly putting all money to single basket.

a strong signal from Theymos for that, he must have had a very strong reason why he could say such a thing.
indeed, we should think again and again to invest in altcoins that have too much risk.

anyone joining the hyped up BTT https://www.coingecko.com/en/coins/bittorrent ?

My local exchange always show that XRP always be the top gainer
Meanwhile BTS become the top loser.

Personally I prefer focus on bitcoin because most altcoin always show bad prospect !

Do you still believe in MinexCoin? I thought that scam was confirmed, they cheated us with fake credit cards, sold their MinexCoins, that is not enough?

I still haven't found a coin that can provide benefits in the near future. for the moment the price is still very low for the overall price. even some ICOs who claim to have good coins and will benefit when entering the market experience a price decline that is very far from their ICO price. indeed, no one will ever know how the market will get a response, but at least we still need to think before we speculate and take action.

related to GRIN I still learn about them. so I can't talk much about it yet.

After getting burned by Zilliqa, I'd love to make some money to recoup my losses as well  ;D
I might start not trusting my judgement, so looking forward to even more suggestions.

By upcoming, do you mean ICO? If so, then the choices are little, why because most of them are dead or dying. It's a sorry situation for crypto. But I like how Ternion is running its ICO show https://ternion.io/?utm_source=bitcointalk&utm_newbie=bounty

Since most altcoin depends on the value BTC so the best thing to do is to hodl it for a long term if you have the ability to do it. Also, you can try trading but this doesn't mean profits can easily be earned because everything need to have an effort and technical analysis. Thinking of profits while the market right now is in chaos could really be so difficult.

When you look at the total supply of grin, I'd say it is not a good investment. In fact it is not designed to even be an investment but more of a project to see if the technology actually works. Anyone buying must be doing so to support the project rather than make money

I think that we can't be sure about what coins will be profitable in the future as all of those altcoins we depends with price of bitcoin. It can minimize the risk if you will invest in those top 10 coins since they have bigger community support and liquidity but the problem they have higher price compare to those newly launched projects. Those new coins can give us a huge profits as it can pumps higher but the risk is too high and it's unpredictable.

This style of play is what allows this current market sunk in a depressing mood! What is the next? Why not think of ways to dilute this GRIN inflation? There are more than 2100 projects in coinmarketcap and this number does not stop rising! This thought that you will abandon something because you will find something better, it is an illusion. This is not soft drinks and candy.

Grin has high inflation, but hype and speculators coming in may make it a nice short term play
looks at its volatility https://www.coingecko.com/en/coins/grin