Bitcoin Forum

Hi,

There's been some alt coins that have performed really well recently such as AAVE, SUSHI, UNI etc but I've probably missed the boat a bit on a lot of these.

What do you think is the best way to learn which alt coins to invest in?

Researching. Fundamental analysis. If you learn and start to understand what is their goal or if you can see the effect of an altcoin/problem solver, then it will help you to find a gem.

Most of the altcoins you mentioned are in DeFi (Decentralized Finance). We saw recently a huge run for DeFi, leading by Chainlink and those you mentioned, and all/most of them are under in Ethereum network.

Learning fundamental analysis will help you, or you can also do technical analysis or both.

If we knew that, we would all be millionaires already.  :D

I'm just kidding. You can try following some trading channels on twitter and telegram. After a while, you will easily decide for yourself which ones give good tips and which ones don't.

Be active on "crypto Twitter". Sometimes you can spot early hype of specific altcoins and make good trades off them. Just take note that a lot of those "cRyPtO iNfLuEnCeRs" on Twitter shill a lot of coins, and which ones end up pumping are pretty hit or miss.

Thanks man, I have been learning a bit but it's a long process. I was kinda hoping for a shortcut  ;D



OK great, thanks, any tips for good people to follow on Twitter would be great?

I follow a guy called Satoshi Stacker on youtube as well and he's really good with the technical analysis and stuff but mainly just focuses on Bitcoin and Ethereum, are there any good alt coin specialists on youtube who actually know what they're talking about on youtube?

I really don't want to endorse any of them because it's totally obvious that they're also bringing publicity to certain coins for their own gain; so my suggestion would just be to follow the crypto people in general, and follow those pseudonymous people with like 10k+ followers. Proceed with caution though, because you definitely could also lose money here.

First and foremost, never invest on something due to hype and many people gained huge profit out of those altcoins. Don't FOMO yourself, as you would be driven by pressure and might invest on peak of an altcoin's price or on a shitcoin.

As many already suggested, better be active in social media platforms, particularly those accounts that never shills an altcoin without showing his analysis through charts. Twitter is the most often haven of active crypto traders and investors, but there are also communities on telegram that would help you on what to invest. Reddit is also good as long as you follow and be notified to posts by analysts there.

But be careful, trading and investing on any alt coins doesn't guarantee you any profit. There can be groups and people that shills alts on the peak of its price yet shorts it right after. It is really safer if you wouldn't rely only on the social media signals and analysis. Keep in mind, it is better to have your own analysis + the analysis of the others for you to come up with a better investment/trading plan, which would befit on how much risk you can take.

If you are finding an easy way, then no one can answer your question. Because no one can assure you where you should invest or which altcoins should you buy. Everyone's choice is different, so they all are will suggest to you their favorite altcoins. To invest in altcoin, you have to follow them for a long time and analyze their activities. And must you should choose are reputed coin those are listed on multiple reputed exchanges with a decent volume. So if even an exchange delists a coin then you will be able to sell your altcoin at a reasonable price. Follow the market trends and use your brain, only that would help you to choose the right altcoin.

Probably make your research do your homework to the altcoins that your planning to invest to check the legitimacy of it check the whitepaper whats the purpose of the project etc.

When your trade daily it's essential to monitor the movement of the market as well as news and articles about the tokens because most of the time movement in the market depends on these things.

The thing is it's difficult to predict which altcoins will perform the best or pump but you could make your chances higher with this plan you could also check some Twitter crypto posts.

I would say best way to follow them up would be bitcointalk, we are here for a reason and that reason is to check what is going on. There are obviously few other places as well that I can suggest but the number one place I would suggest is here. On the altcoin discussion section as well and not just bitcointalk in general, if you check this section and all the topics here, if you read it everyday once when you wake up and once after dinner, you are going to have a great deal of what is going on.

Secondly twitter, there are tons of twitter accounts that follow these kinds of new things and on the rise things, you can get information from there. Thirdly reddit, there are many subreddits dedicated for altcoins and similar stuff, so long story short you will be capable of checking these three places and learn what people are talking about easily.

This is why it's not a good idea to try to chase pumps, for every coin that got pumped there's dozens of coins that got dumped, and there's really no good way to tell if a coin will get pumped or not - social media hype, press announcements, news, development activity - these things don't always translate into value. People think that they are "buying the rumors", but they actually might being "sold the news".

I agree about Twitter. There are tons of tweets that you can see with plain explanation to which is about to get the attention. As you know, Musk is also on twitter and his tweets are really making the markets move.
And there's no other way of making yourself updated by being active in other platforms too like in the forum and actively reading market news through several crypto news media platforms.

Yeap, while some people can definitely make this strategy work, I really don't recommend going this path. It's pretty much just like day-trading in a sense— it can work for some people, but it's going to end up being a really really bad idea for most. I just think there's a lot better things with better risk:reward ratios out there(like starting a business).

Chase pumps is Fomo trading and if you choose a bad time and price to join, you will see your decision ends with loss. It is not for newbies. Only very professional traders can control risks and make good decisions to get profits.

The latter part is true. Filter and choose a coin that does not pump and wait for news to sell it with pumps.

With his fortune, why does he make those tweets? I can not explain his reasons.

Risk management is not easy. Emotion can affect decisions. Loss streak can cause bad decisions but even win streak and result in bad decisions. When your emotion is very positive, you can forget to control risks and can lose all you have earned.

Work hard and carefully for weeks and you can lose it in one hour or few days.

To be get alert first you always should follow the social medias. So choose one you like more ex: Twitter, telegram channel/group, facebook etc and keep active there. Hope it will bring notifications soon after sharing by project team. (In this case you only get the specific project channel notification only?)

So if you want to get notification for many alts in one place then you may try some telegram channel which only share such news so fast too.

Be careful in joining social media groups such as the pump and dump group because sometimes they might misleading their members in selling targets and might you encounter losses if you keep following those kinds of groups. 

If you want to keep up to date those projects that you think there's a potential to have a profit, you can join their social media as they mentioned above.  But if you think there's a way how to know when those altcoins when it pumps, the pump and dump group I mentioned above will most likely know everything but only on those selective altcoins they want to pump and then dump which is very risky to join.

I would recommend being active in this forum, people here are up to date in different news and OP will get different ideas in which project has potentially good for investment and also can be warned which scam project.

I cannot answer you whatever on his mind but I can give my opinion why he seems to be like that. He's for the technology and he can see that there's a lot of potential for bitcoin and to the entire cryptocurrency market. He's rich, right and why he won't stop tweeting about Doge or bitcoin? I think he's just enjoying it and testing how much power he has to make the market move with his every single tweet. But you know what, his company Tesla just purchased $1.5B worth of bitcoin and likely to accept payments in bitcoin.

Fundamental Analysis and Technical analysis are both important and you should spend time to understand these two.

If you are looking for the best alt coins that are existing in the market, you can search that here in this forum or you can check in some platforms about the updates on some altcoin's price. But I will suggest you to invest in Eth as soon as possible so that you can make it profitable besides bitcoin.

Because I know a lot of people who only invested on bitcoin and they didn't explore cryptocurrency more.

Ypu can do some research in this forum or discord of that alt, and now many altcoin has their own forum, i also usually searching for the news on their twitter and telegram, ask developer or foundation member on their telegram is the good way to know whats project they are doing.

I personally use this method, you can take part in some telegram & discord discussions where various people are discussing more intensely about potential altcoins, besides that, it's also a good reddit alternative besides discussing here (Bitcointalk). While watching various discussions, you can ask questions or study independently by paying attention to several factors that I think are important, such as Development, Partnership, Listing, News, Chart, etc. I'm also still learning and the suggestions above are my own experiences and hope it can help you mate, Good luck!

If you ask like that then I think other people will be different what you mention, I believe the altcoins you call are the best altcoins and are worth investing in, but are you sure about altcoins with such words?
And the best way to learn about choosing an altcoin is by analyzing and seeing other updates. Not only that, there is still a lot we need to learn from the unexpected so from that make sure your decision I think you will know which altcoin is the best in your version.

In my opinion, there is no exact place from which to get information exactly which coins will start growing and which will jump x10, x15, etc. For the simple reason that I don't think anyone can say for sure.

In my opinion, in order to choose the right coin in which to invest and bring you big profits, a lot of preliminary research, analysis and data collection are needed.

The information itself is good to get from different sources on the Internet, global or local, not just from one place.

I do understand that the market can be unpredictable, but I think as an investor we all also has to be careful with the projects we are investing. There are many ways that you can tell whether there is more possibilities that  a project is going to work, and I always believe that the number one thing every individual has to look at is the team, this is really important , because it’s the one thing that’s going to help you determine how far a coin is really going to reach.

It’s best to always go for a team that is not anonymous, because that shows they are ready to take responsibility of the project. The next thing to consider is the purpose, know whether the purpose is really something that’s going to win or not.

well, I think the way to not miss out much on this is too be super active in the crypto market, if you have a day job, then this probably will be difficult to do cus you can't concentrate on doing your day job well and also concentrate on finding good altcoins to invest in at the same time, but all the same, you just have to work hard, and let me add that no matter how hard or active you are in the market, chances that you won't be able to catch up on every altcoin is high, you are definitely gonna catch up on the ones you gonna catch up with, but the ones you couldn't, you don't have to blame yourself cus you aren't the only one, we all miss some opportunities but what matters is that we don't miss all of it.

I agreed with the OP on this aspect of getting an updates of potential altcoins with a  good project and prospect, I researched and try all sort of scrutinizing some of these coins but it had been a Herculean task because of the numerous numbers of these coins and even those on ICOs I wish a special thread is dedicated to discussion, inputs on fundamentals of these coins,
Recently ALICE was listed on Binance and pumped to $60 a great opportunity for early adopters who bought at pre ICOs having read about it fundamental analysis.

with the forum connection trader to manage tasks of evaluation as gaining with the supports of confidence as uses with the return of work from different trader helps as disposing worse of excessive as trader to put of resource on market and collect with limit of returns on expectation.

Only dev and whales have that capabilities especially those low cap projects, they've got the hands. But with high cap projects
there are influences coming from both usages and supporters that impact the projects, It can grow high if there are many supporters
surely it will pumped high.

There are places where you can find this information, especially that we are in the digital world where access are everywhere in the internet.


You need to maximize as information are really flowing if you are seeking for the right patterns.

Lol. It's all about the money anyway on why they're willing to shill any coin.
I don't believe in such crypto influencers, especially when they're targeting Bitcoin.
It goes against the decentralization that Bitcoin has.

That's correct, for a person like me who works every day until it is dinner time, it is always hard to follow these things, but there are things that I thank a lot that makes things easier, like for example notifications about price changes, bots to notify me about big whale movements, trading bots that might help me (not using them anymore) and many other stuff. Basically even for a person who works, there are things that could make it easier for you and if you have more time it will make it super easy for you.

But no matter how much help you get, there is nothing that would make things as easy as having the all day for yourself, that is the biggest challenge because I have to work and can't look at coins very carefully, sometimes I end up learning about a coin too late, like Dot was something I have seen for the first time when I saw it in top 10, I was too late for it.

Yes i totally agree with you regarding people have their own agenda to promote for their own financial gains.
Coming to people with 10k + followers, there’s a good chance that they might also fail in their predictions so it’s better to proceed with caution to everyone trying to tell you in which coin to invest in.

Also reminds me of XRP promoters on youtube and reddit not to say they had a good number of following and i think the reason XRP is not dead yet because there are people thinking it’ll still hit a market cap of 4 trillion!

you can do a deep research before investing mate,
also by combining technical analysis and fundamental analysis i believe you will know how to find a good altcoins to invest

People think differently as you mentioned, for choosing the best altcoins which from we can earn money in the future is not as easy as expected. The event of the market is not always stable and if you can truly analyze you can earn money. But it is not enough, you should always improve your knowledge about cryptocurrencies and try learning from other experiences. From time to time everybody can make some mistakes, but if you learn from mistakes, soon or later you will earn. There are a lot of projects and sometimes it can be really hard to find the best among them, for finding the best we should make hard research about this project. l think if we follow these steps and also other steps which can be helpful, we can decrease the risk of losing money.

The best way to find new projects is to follow news channels on twitter and in the telegram. There are many channels, where people are finding new prospective projects and tell about them. It`s quite difficult to know about all projects and be in course of everything, but more we know, more opportunitites we have.

Yes, but for now it is almost the same thing where scammers also create multiple channels for their projects so that it can easily trap everyone who is not careful in analyzing a project, this indicates that the good and bad projects for now are visible almost the same.

By combining those things and ponder about your research before doing any moves will help you maximize your earnings and you will have a high percentage to get a good investment since you do your job to get the things done. If you want to get some updated crypto news or to get some idea which coins will have a chance to multiply their price after they launched it on the market, you should stay away from the paid reviewing site which will give you false information about certain projects.

Yep, bitcointalk is great for beginners. btw if you want to invest, look for a project with a real use case. I'm sure a project with a real use case definitely has a potential return on the investment you are going to make. Of course you can also look at references from seasoned investors, but make sure that they are credible and have legit advice

Joining crypto groups such as telegram can really help in knowing the potential coins in crypto world. It is where you can get ideas from others, to know the process and the movements of the said coins. Through that, it can help you choose the best Altcoin to keep or to hold it until its value goes high.

there is no practical way of doing it. everyone did analysis and research to find it. even when you do that, you won't necessarily find the answer.

however, to realize that, you need to search for information on a continuous basis. even for some people who are experts at it, they still miss some of the opportunities that exist.

so the point is research and analysis.

Thorough research and exploration will help on somehow knowing the qualities of a certain Altcoin but that is not a standard procedure to determine which Altcoin will be worthy for investment because there is no exact way on determining the credibility of a certain Altcoin unless you got engaged on it and see it for yourself what is the experience you will encounter dealing with it. Conducting research and exploration are some ways you can do for seeking Altcoins and it will still up into you to decide whether you will invest into it or not. Also sometimes trend can help you out on decision making.

The decision of which cryptocurrency to buy is highly individual and depends on a number of factors. For this, perhaps it makes sense, for example, to first ask yourself what you want to do with the coins you bought?

Do you think you want to use cryptocurrency to quickly process online transactions or do you have other motives?

This could be the case, for example, that you consider cryptocurrencies to be a speculative investment and want to achieve the highest possible return on your purchase. Or maybe you want to bet on a cryptocurrency that gives you maximum anonymity?

At all these points, both the more common and the more exotic cryptocurrencies differ. The decision of which cryptocurrency to buy is based on your goals.

You should also note that the trading group usually shilling for a coin so you shouldn't just blindly follow their signal it's always better to make decision based on your own analyzation, their signal or etc is only good to make you know that this certain coin exists and nothing more.
Not to mention that telegram groups usually are by far the worst place where you can find many scammers.

All will give different entries and the coin that the OP mentions is likely to have good potential and the answer will be found if involved with the coin as it will seek the truth in detail.
generally do detailed analysis and research and try to join telegram groups if you have one so you are aware of developments and updates, and you can also ask questions and so on.

- Not just telegram groups, discussion forums and social networks are also relatively fake about the information and potential of the project, the leader is just always trying to exaggerate and advertise the project while except for the form and a great promotion, the project has no value, so the safest here might only be our knowledge of the market. Sure we don't have much time during the day to get to know the project clearly but relying on the telegram team's lies is pretty good, the combination of information from different groups will help us to know the most accurate about the project

Well said, you don't rely with single information much better to gathered all the available data and review every aspects that impacted the project before jumping into conclusions.

Joining social media groups and forum related with this type market also helps you in sorting which project/s are really have a better
potential for full development and usable help.