Bitcoin Forum

Altcoin is increasing by the day thereby causing the market capitalization to appreciate greatly. Although it is creating high volatility in the market but at the same time most investors are scared of investing in some altcoin due to fear of several factors that could lead to the depreciation of such coin. Crypto investment over the years has made so many rich and also has made many bankrupt as well, knowing how to select coin from the wide range of coins available in  crypto market would help reduce the losses that one might encounter while searching for coin to invest in. Although the market is always busy and has high volatility the mission behind most coin as well has its utility might not meet up with the crypto block and therefore much depreciation might befall such coin thereby causing great losses to the investors.
The fact a coin is cheap is not enough reason to risk your treasures to acquire them. Make sure you "do your own research" to avoid loosing out of the market. Always pay close attention to the coin you might have in mind to Hodl. You should find out what problem it is solving, its competitiveness with other crpto currency. If it really has value in the crypto market and also its demand over time.

The following factors could also serve as guideline to selecting the right coin to invest in:
1. How useful the coin is:
2.is the purpose of the coin legit
3.Analyze its competitiveness
4.Demand and supply
5.market capitalization and founders holding
6.the general value
Answering this questions will clerify you on the right choice of coin and also aid you to know when to buy and sell. Paying close attention to market volatility will aid you know the utility and demand of each currency and it will also aid you towards predicting the trend of each coin so as to know how to account for each coin.

The mission behind each altcoin varies and taking accounts of the mission behind each coin helps in predicting the movement of the coin over time.

7. If you are new here (less than 2 years experience in trading and crypto) spend this bubble on observations rather than investment. However, if you really want to participate in the market, use very small amounts. Like 5-10% of what you are able to.
8. Even if points 1-6 looks legit it does not mean the coin is cheap and is worth investment today (when most of alts already did 5-50x).

 example of coin research - https://bitcointalk.org/index.php?topic=5208144.msg53299809#msg53299809 (price go x18)

You have seen nothing yet...

I think not just now because many crypto projects are sprouting elsewhere even before. And it all happen since 2017 when the height of the ICO craze was at its peak, many people mostly noobs are speculating on ICO tokens thats why hundreds of new tokens were added into the market circulation that was resulted in a massive dump in 2018 so for me thats not new at all. the crypto market is like a bubble that can burst without any warning thats why remember the saying "Invest only that you can afford to lose" In that saying presumably there is no guarantee even those top-ranking altcoins.

There will always be new coins come to the market but at the same time we can't deny that more and more coins also dead. Basically, that depends on the calculation about how much coin that being issued everyday compared with the coins turned into the dead coins.
About the fundamental analysis to pick the best one from so many coins in the market and you can even eliminate all of your questions when it comes to the legit coin.
Remember about the top coins can't achieve it when it has very bad development, team and etc.

These days people care about what VC or big companies that already built cooperation with the project.

There are too many factors to look at. Even projects which are proudly proclaiming to be better than Bitcoin or Ethereum are not even reaching the kind of success that Bitcoin and Ethereum achieved.

Other projects are not even that technologically better but are the ones which have earned the trust of investors.

Ripple is not decentralized but it has been at the top for a long time. Dogecoin was merely a meme coin and yet it has maintained a nice spot at the top. Tron is just a copycat of prior projects but it enjoys the support of some. These are just some examples.

You are talking about altcoins, not bitcoin.  :)

With altcoins, they need to have four years in the market in minimum to show that they are not money-making tool for their developers. After four years, you can say their developers don't abandon projects after making money from their coins.

If you are in the market in 2017, you will see the same pattern in 2020 and 2021, coins and tokens are launched with many promises for evolution for blockchain technology, for brighter future of the society, many strong claims about their competitiveness. Next 2 or 3 years, you will see how their promises turn to be in reality.

I will consider to invest into some of them in 2022 or 2023.

today coins are now verified and people are checking if it has the purpose to the community, back in 2017 there are lots of coins being created daily out of nothing, today its is a bit controlled because once the community checks its fake or scam, it will not be launch since the people will ignore it, so what i can say is that coins now are fewer than before.

The main reason why there are alot of coins in the market is there are many companies opened their own project and trying their best to make their own coins to build their own future, thus there are many coins, or digital coin's in the market, those digital coins is sometimes the reason why the price of other coins goes down.

Yes, that's right, because sometimes we have to look in the mirror and see a coin that Jackson Palmer thought was a joke, has survived until now. For example, maybe everyone is familiar with DogeCoin. Even though in 2013 this coin was made based on a joke, today we see its unexpected potential, with a market cap of billions of dollars. (The DogeCoin story that I read https://coinmarketcap.com/alexandria/article/dogecoin-a-stunning-surge-a-crushing-blow-a-surprise-comeback)

I agree that points 1-6 are important, but big investor interest doesn't always lead to it. even big investors are looking for dead coins and reviving them.

These matters when you are buying and holding a coin for long period of time. There maybe any number of coins, but you are going to make a long term investment in just a few and for that, you go along question every of those points. But if you are here to profit with the fluctuations of the market, jumping in with the herd sometimes might be better idea than to think.

Well, I would say that it is a good thing for us to find the coin from that many coins at the market. We can get more than 5 coins that can help us make a big profit, but we need to find it by analyzing the coin before we can profit from that coin. It is not an easy task because we do not know which coin has that potential. Top 100 will not guarantee that the coin can increase in the short-term or long-term, which will need more research to find the right coin. That will be worth analyzing one by one of the coin because the profit we can make will be bigger.

Why still investing on new coins? what is the actual intention of those investors?

They invest to make money in short term so the chance of survival of those projects are very less even if they are more than good enough. So simply wait until the project becomes old then analyze all those points you mentioned.

To be precise, when a new coin is released, it will only last for a short time, depending on how after initial funding the project manager can attract new investors who are much more capable of making large-scale donations. investing money in new coins is always a target just because it chases the initial price. but a coin that has the potential to DYOR is like an escape. ICO and IDO hunters only have two options to hold or release, depending on the future popularity of the coin.

That's the odd for the new projects even if they offer good services, people thinks only for their short term goals and didn't bother to look for the future of that project. We should always welcome new projects but don't trust them easily, just pick a good project and work on it for long term you'll see how good they are. Too many altcoins in the market, that's fine because not all of them are good very few succeed over time because they have a great community and they work as a team.

And the total team members allocation. This should be considered.
But you didn't suggest how many percentage of hodling is good for the founders to be a guide to investors.

I think exchange can make up for number 7. It is a serious business to list a coin in reputable exchange. That creates fast volume for the project.

Everything you write down is based on the reality that is happening in the market today. and on average the existing coins have almost the same technology and goals, namely to provide convenience to its users. however, not all projects have the same goals as they are intended. so if we want to invest we should be more careful

It's better for any project if founders or team hodl the lowest allocation than other allocations. Also, we need to keep uptodate with the vesting period of team/founders tokens as many projects which was entered into crypto industry back in 2017/18, are going to unlock the team or founder toknens. So we must be aware of those projects as bull market is going on and none knows when will those tokens will be liquidated into this current bull market by the team or founders.

Also, reputable exchanges are good for any altcoins and we need to be aware of fake volumes or bot trading as many exchanges use bot trading to keep in the top list as most of the exchanges are listed on top postion according to trading volumes.

Even the whitest whitepaper could go wrong.
There are good projects before but lack support.
A lot of times they are marketing but it's just not much inviting.
That's also one of the problems in this crypto industry. Sometimes you will need a bump from known people or hype from the mass just to go above that softcap and bring light to the project.

Also, most of the altcoins now are a repeat of what ICO projects had done. They just didn't get that much attention before, unlike now there's a higher chance.

New traders in the market means new meat for the scammers to feed on. They continue the ICO/IEO scams to DeFi after it boomed. They want to keep the newbies in the dark so they can never discover the reality of what the ICO market was - nothing but a pump and dump followed by a failure.

Mainstream markets cannot be compared with the crypto markets. The latter is nowhere near them. These points are useful for making a nice looking post but in reality nothing can be used to compare the efficacy of a new project in the market - most of the time it has been a gamble and one in which the odds are highly against you.

Still do not get it why some people have to peer into altcoins coming new when we already have well known altcoins or Bitcoin.

That's what happened in 2017 bull run also. There were many coins which were in top 10 in 2017 but those are not avaible in 2021.
Only the good projects coins will survive long term while rest of the coins will just disappear as no one will buy the shitcoins and there will no demand for them.

#4 would be affected by the other factors you mentioned in the list.
It would be in demand if there's such plentiful use to it, OP.
Sadly many coins just tend to be for quick $$$, but it ain't for longer term and in the end it is still okay as there would be still top coins to be hodled at.

Indeed, all investors from those shitcoins turn away because of the long bearish market of altcoins. Fears of missing in out made them out of control of their anxiety, that's why a good project turns out to be shitcoins nowadays. Hopefully, what happened last 2017 will be back this year and so on and new waves of productive project will come our ways then earn more lucky profit soon.

In reality, Some team member of well known project is jumping to the new project with same goal especially on blockchain base project that's some old project become stagnant in development because they are having hard time on project funds and developer. Some project are already but they just keep running the campaign slowly so that investors will not sue them for abandoning the project.

only good projects have a permission to climb the top 10 ranking  . a shitcoins obviously dont belong on that level so why say that the top coins from 2017 are now gone today ?

but you can try again and clarify if what you mean is that the ranking of top 10 coins from 2017 have changed because that is more valid because i think few coins are now kicked out in top 10 and replaced by new coins like bnb , dot and etc ..

That's right, in general everyone will turn to projects that are more legitimate than having to stick to an obscure project like the project that gave birth to shitcoin, I think that's a very natural thing because every investor's goal is to seek profit in any project and that is everyone's goal here, so don't be surprised at that.

. . . and too many of them are already scams, illegal, unwanted coins which are being used by scammers around the globe for their own use. Who knows few of them could be run by gangsters just to move the money from one place to another with anonymous ways. I mean it's just my thinking, with unlimited possibilities of the crypto space anything can happen.

I invested in many coins however, I have observed very few coins making it for longer period of time. Some of them will be promising for long but over the time they could start declining of their volume. Many probs are there but we get to live with it over the time. That is how it is! ;)

True and this is happening since the market getting flooded with so many garbage coins in the past. One, two , three and more coins disappeared. They have become failed coins but the new coins being introduced.

I think that this cycle will be last forever if we are seeing the market and the crypto trend will never gone.
1 disappear and 2 new coins will come to the crypto market.

but some investors prefer new projects released on the stock exchange.
of course, all of them have the same principle of getting a profit from the money they invest. but everyone has a different view of each project and asset.
If you mean assets from certain projects that are already on the market and especially those that are already in the top market, of course, there is no need to doubt. all of that is almost risk-free when you choose a top market asset.

The other top coin replaced due to some technical difficulties and we can still see them down the list although they are replaced but still they are at good standings with billions of volume.

Compare to the new project where the investors always fo the hit and run process so if other investor don't want to bag hold they should sell if they are in profit so that they will not hold those new shitcoins.

The sooner your learn what alts are about the better for your own good. The fact is that they are perfectly all right to play as bets or high risk and many of them produced extraordinary results in the past.

https://bitcoinist.com/wp-content/uploads/2017/11/mh-top25icos-thumb.png

Notice that none of this gave the profit in the form of yield, they are mostly about price growth. Second, the key to invest is having the time and knowledge to figure out if a team really has the ability and the resources to effectively carry out a project. Entrepreneurship is a difficult and complex business and is easy to fall for a scam, or what is more frequent, an incompetent team.

Crypto market is open for everyone, there is no way we can stop someone from entering this market. Thats the beauty of crypto market whether you like it or dislike it. From so many altcoins in circulation we have to find gems just like sea divers find gems from bed of sea.

If you have the right tools when choosing the project to invest your money, the better chances that you'll earned from
this venue of investment, more on self-education.




I agree with time, having enough time  to educate yourself will lead you to succeed from this market.  Knowledge is the
best counter from any form of scams.

Crypto users really knows that there are too much coins, every project is liable with it's token. Sometimes we cannot distiguish whether a coin has a purpose or not, how it can help other earn profits and how it can change the crypto world. As the time pass by, the number of coins are still increasing, so better watch out for other new projects.

Every year new coins will continue to emerge, They will continue to race to be the best, coins that are in high demand and capitalization will continue to survive and useless coins will be left behind. There is no guarantee here that a coin that looks good will last, If you want to invest, look at the criteria you have mentioned above, then you will be saved.

Yup, there are a lot of coins in circulation, but how many of them are actually very popular and has an active community? Very few. Crypto market is mostly a decentralized market and no one can stop anyone from making a new coin. Even though new coins pop up everyday, only few manages to survive. Again, most of them them are made to scam people by making false promises or just manipulating the price. Some people are aware of this and tries to take advantage of the pump and dump. Only few selected coins that has actual use case and active community are the ones that are leading. And good working pointing out the factors that will actually help people to figure out which coin is better!

Their are countless star in the sky. But only few are big in size and shine well at get our attraction towards it.Likewise, their are many trusted altcoin in the market. You should find that with your knowledge is more important.Most of altcoin will be fake. Some are created to sell for certain margin and disappeared after certain portion was sold.

I think it is very natural because everyone is free to choose and act according to their own wishes because they work with their own money and the goal is to make a profit from the work, even though there have been many suggestions received from other people, but the thing that the most important thing is to have your own decisions before taking advice from others.

Takes a minute or two to make your very own token. Trade, exchange with friends or if smart and can convice someone to "invest" you can sell it.
  Three steps  (https://bsvtokens.net/en/) to make or buy someone elses created digital tokens, free choice.
1) Have wallet and authorize the creation of new tokens
2) define the settings, such as name and initial supply
3) mint the tokens

That's true and it could also increase the flow of money to the market than just having too few coins.
But, we also can't ignore that there's many coins out there that also ended up failed because their quality can't really keep up with the market, so if the market gets overflowed with low quality project or coins it kinda seems useless and bother the market stability. Not to mention that the capital that should go into quality project got spread out to some low quality projects hindering the development of many projects that have potential to change the world.

Crypto has issued a lot of new altcoins every year and even today new coins continue to emerge, we just look at the positive side when many new altcoins appear, it means crypto has started to advance seeing the movement of ico from 2018 and then it is very different from today on the other side of the mission. Developed new altcoins can benefit most members to advance crypto in the future

And today I see many of my friends pledging their homes to join this market, giving them advice as they plunge into this market like gamblers looking for luck. OP, you will see nothing if you just look at the coins, to me all is just an option to make money if the point of view is from the beginning to seek profit.

Bitcoin is unique, the rest are the things that will take away bitcoin :)

I had imagined before what if Bitcoin was the single choice.
It could have been in hundreds of thousands in value by now.
A competition is a good thing but when it goes this high of amount then the value goes lower. Money coming in is divided.
Trust also becomes an issue. Scams. Seeking a decision will need digging that takes days to pick a valuable coin out there.

Many new coins that have sprung up have two sides, first the positive side the more new altcoins the better the crypto development in the future while the negative side is that many people are not responsible for looking for profits for the team and themselves so we should be more careful with each altcoins are popping up at this time

altcoins in 2017 and then the Asian Lunar New Year, ICOs almost disappeared and nobody cared after local bans from India and China.  Since then, not many altcoins are strong enough to weather that storm and the market.  That is also the reason that quality coins are getting better from the support as the bitcoin bull run begins.  Defi has made new breeze and perhaps it's a surprise when we return to 2017 glory with so many new coins.  History is always a factor to be considered in general.

Every year, any process of issuing new coins will only get more expensive, because promising crypto projects require large investments.
It is easy to get a token or run a blockchain on a well-known protocol, but it will be difficult for beginners to find their community.
The only problem is that the market for new coins is difficult to follow.

different masses on qualification as developer works with the manage of project the return helps as investors to gains with confirmation as release from officials and the market, to follows as referring limit of number with exchange as the expecation to complete level of collective returns.

@poster, you are definitely right and I agree with you, alot of businesses are coming to the blockchain industry and this businesses like to create their own currency to sell to investors which act as shares, this currency been sold to investors enable them to raise fund to build the business and thereby give the currency value which in turn, enables the initial investors to sell for profit to other investors and customers of the business.
But just like the poster have explained, this was all supposed to be legit but some bad eggs came into the picture and mixed their bad business with the good one that it has become hard to distinguish or differentiate the good from the bad, so this is simply to say that, your chances of making good money in crypto currencies as an investor lies in your ability to know which business is bad and which business is good, and only put or invest your money in the good business only.

There are lots of coins being used as the flipping place for the ico investors and the truth is when these flippers already got a lot of profit and then they will be moving to the new project.
This will create bunch of coins anytime as the developers got funding and the early adopters got big profit but the late adopters will become loosers.
Even when the project can be dead and this doesn't mean if this will stop this cycle.

There are too many different coins in circulation. And that is the reason why the vast majority of them are now dead or dormant. You can check the daily trade volumes given in Coinmarketcap. Out of the 10,000 or so coins/tokens, only around 4% to 5% have any significant trade volume. Others are essentially dead and those who invested in them have lost their capital. And even for these coins, there is no guarantee that they will survive in to the distant future.

The thing is, majority of the new projects are not so much interested in building a community of investors for their coin, cause they are more often then not either working on reincarnated use cases or are basically just pump and dump coins, thus I'd not even narrow the problem to them having a hard time finding their own community.

Ethereum as a good example is one altcoin with a very large and still growing community of investors, but it wasn't like that for them from their inception, it took quite a lot of work and development on their ecosystem to get to the stage they are atm, imo, new projects should take a lesson from them and other few successful altcoins to grow their own network.

The emergence of new coins is not surprising at all. The crypto space is developing very actively. Without new coins the crypto market would simply become obsolete. Of course, we see low-quality products, but among them there are also some really high-quality projects with great potential.

Unfortunately the market is really oversaturated and it is a pity that new coins often is scam...

1. No, every possible case is already covered by the million shitcoins out there.
2. The purpose is never non-legit
3. Almost impossible, there are millions of coins.
4. Demand is unknown and rarely verifiable.
5. Irrelevant. Marketcap is as good as the las value in the market. That is, if ever listed.
6. WTF is "general value".

Answering these questions will lead you nowhere and DYR would take so much money that you cannot afford it.

Just replace all this for "Get to know the team". Talk to them, search their names, ... most of the times you will find a bunch of school drop-outs living with their moms and dreaming of being podcasters.

Altcoin will continue to increase and different projects will still be in development. In ancient times we had few coin in circulation. But with the help of cryptography different coins is currently in circulation. And more coins would continually go into circulation. Buying coins needs to be guided with proper knowledge. Many altcoin projects is a product of many environmental at societal challange. What could the coin you intend to invest in solve? How long will the project last. How developed is the software behind the coin. Most people loose their assets on a day to day base so research is highly paramount in other to get guidelines on coin options.

Oversaturated indeed which it comes to a point that new projects arent already relevant at all for them to exist.As long there are developers that do make new coins
for the sake of making profits then this trend would really continue no matter what and cant be stopped.As an investor then you should really be careful on choosing
one because out of thousands of coins in the market for you to choose from then it would really be a confusing thing thats why its better to focus only on top 1-20
which i do believe for it to be worth for someone to consider and the rest are just garbage.

I agree that now there are too many coins in circulation, and they don't have a clear purpose and function. Many projects are created in the crypto
industry just for fundraising, therefore we must be careful investing in new projects. Because only coins with strong fundamentals will survive
and are worth buying, I myself prefer to invest in old coins. Those who do have a good track record, but there is nothing wrong with trying to invest
in new projects as long as we do the research properly.

You're right. there are so many coins in the market and also in the platforms on which they're not listed yet. There are legit, failed, and also scam projects that result in certain coins or tokens, And in this case, they are probably worthy and potential, but also probably going to be shitcoins or dead coins.
Well about those questions,
all coins may have their own purposes in the concept for their own use case whether real or not.
However, we can be sure that veery coin with a great team, strong development and also interesting concept will be potential and survive in the amrket.

Just look at this way, the scam rate in crypto based on the articles I've read is about 90%, so that figure says easily about how this market has become oversaturated with scam coins but too little legit coins. With that, it makes the market more risky to invest especially for those who doesn't have enough knowledge and just came here because of FOMO, they should be aware of this reality first before trying to risk and maybe trim that greediness a bit.

Always study, use your mind before investing, no room for emotion in a risky market.

This is why new projects will continue to increase day by day because we don't know which one will be valuable in the market.
As this space is free for everyone, they are welcome to launch their own project, whether they have good intentions or not.
Only time can prove their authenticity and usefulness of the project. We can't judge it at the early days of development.
However, we can already see some red flags like fake profiles, plagiarized papers, ponzi scheme and so on.
And that will be your warning to further study the project if you do really want to invest. Very few coins can survive long.

You can easily find it by just focusing on the top altcoins, not on the new projects. The common reason why some newcomers are in lose and wrongly choose projects/coins to invest in is that they look for cheap coins. Actually, there is no wrong with that but the problem is that they usually fall into shitcoins. That's why DYOR is very important and when it comes to investment, may price will matter but we have to consider most of those coins that could give us profit assurance, not a losing end.

You got that right, reasons why not all survive the market, every single day new projects are be unveiled some are shit and some might do well for only short term and then they die, the real projects that truly have something to offer are the projects that will survive the market, e.g old coins from 2017,during the last bull run alot of altcoin projects popped out, but 90% of them have failed or the developers have just took the remaining money and run away with it, just expect more coins soon.

We must admit it, altcoin now is like an apps in playstore, the launchbis everyday, ico also launch every day, most of specullator called them self as an investor, but stronger altcoin will stay here for years, which one ? No body now. But i still believe old coin like LTC, sash and monero will still here for next 10 years, because of their fundamental development.

all must need in-depth research if you want to buy small but not well-known coins, if you want to be safe, buy ethereum, dot, uni coins for the long term

Research is the best thing to do in order not to blame people and worry what the future will be in such coins lastly to be safe. We can really see lots of coin circulating in crypto world some are new and some are old which shows success in terms of Being known to many and one of the top coins in crypto market. For sure doing research makes you more knowledgeable in everything.

No newbie should bother with new coins as their first investment, they should try bitcoin at first and then if they have been capable to hold their coins for at least a year then they could finally choose to invest in altcoins, but newbies do not listen despite their inexperience, they think they know it all and they suffer from this behaviour and by the time they realize their mistake there is nothing to do, the few newbies that resist the temptation and invest in bitcoin suddenly realize they do not need to invest in any other coin and decide to stick with bitcoin, which is the right choice.

Most of these new altcoins will perish somehow as they continue reinventing the wheel. The one with good team that can deliver according to the roadmap will succeed as long they continue to innovate

On paper yes but not so practical, in the altcoins market a project can be over hyped in the very beginning and you just looking at it will get clounded by this hype and presume the project to be worth investing in. We have seen project that have been predicted to be worth more in the future due to their technology but as a result of poor marketing, project dies off the radar.

We have new project popping up daily that if you decide to slow down on your project development and marketing you get forgotten instantly. There are developers (scammers in disguise) waiting on you to come up with a new concept for them to steal or improve on and bring out a more superior project.

There's greed in the industry so we shouldn't expect the new altcoins to slow down anything soon instead you focus on project you have down your research on and only invest funds you'll be comfortable losing.

true. i see many many project since 2017 have success ico and reached their marketcap. but as you said, only fews can survive and deliver a useful product, most of them fail to provide their promises. Many of them left by the team, lack of funds, stop their development, or even left by the community. it's all happen all the time.

and for the op.
massive circulation is not a sin as long as it back by massive holder and sustainable development of the project.

Not but risky, you need to have proper understanding and right knowledge about the project that you are supporting,

you can't just assume things that it will happened without knowing the principles and without seeing the actual progress.

There are lots of projects and there lots of promises, it's you who can pressume if what are those that really performing

and what are those who just made for scamming and runaway.

It is not the quantity that is important, but the quality of coins and tokens, as well as their projects. All this is determined over time. No matter how much cryptocurrency appears on this market, it will never be superfluous. Everything unnecessary for the market and its participants will regularly leave it. Anyone can create a cryptocurrency and enter the market with it. However, only those types of cryptocurrencies that are useful and necessary for its participants will remain on the market. Thanks to this, the cryptocurrency market is developing very quickly.

Yes, it will make it difficult to select the new altcoins or tokens because many of them will not have a chance to survive in the crypto market. Sometimes, it does not need too long for that new coin to perish because the new coin does not get more support from the traders or the project can not grow or develop as their plan. You should not invest in new coins or tokens with big money to avoid that and it is better to invest in altcoin, which has good track before.

A newcomer to this market would completely agree that these are very good, but I believe they are ignoring these right things and doing things not according to what they consider to be right sound and safe. Everyone, everyone starts with learning and listening to everything, but it won't take too long for them to forget everything, I've seen this too many times in this space and everyone will have to agree with this view.

There's balance, new coin coins comes in another dies, and it does help bring money to the crypto market. New development team new producers and new money, more jobs and the market is alive, it's healthy for bitcoin and everything else because pairs are created when the new coins are listed.

Personally, I think that from the side of a simple user and a small investor. During the entire existence of the cryptoindustry, many users began to understand and use coins for their own profit. And when a large number of different coins come to the market, many have hopes of getting a good profit from these coins. But as you know, everyone cannot make a good profit, so the market always falls and rises and someone loses and someone gets an excellent profit. So if it is profitable, then let the cryptoindustry develop and make the whole world useful for the whole society.

Being able not to dump for a year is not a determinant if someone is good investor od bad. Its the stereotype created by bull marked kids that didn't see real bear market. Yea we had bear makers in crypto but they last no longer than 3 years. Whole bitcoin didn't see a global bear market (SP500 is in bull mode for last 12 years). What will you tell a person who invested today, a month before a bear market that will last 20 years? Is it possible? Hell yea it is.

I would rather suggest learning money management, to protect your funds, to calculate risks, to avoid unknown risks.

From 2020 to 2021 there are so many new coins in the circulation, and of the course I really agree with the emergence of this new altcoin, so that the crypto world can grow and can be utilized by all levels of the society, but here we must always choose carefully.  The coins we want to invest in, because not all of these altcoins can provide benefits for us, therefore we must first study the coins we want to invest in, so that things that we don, 't want to happen.

You will expect this massive growth in the number of coins as many people are not satisfied to create just one project but wanted more. That is why if we gonna take a look at them, most of them are just a clone to other projects and this is why many of them got failed and abandoned by their developers.

This gives us more time to spend looking for potential projects, out of thousands of coins available in the market, I think it is not greater than $10 are having the potentials while the majority are dead/shitcoins.

That is true probably millions of altcoins or cryptocurrencies in the market not to mentions that dead coins or dead token that didn't reach the market. In the future sure not all tokens are going to make it in the future because there will just too many tokens and that is going to divide the money that we put in cryptocurrency, and probably 99% of the tokens in the altcoin is not going to make it and only 1% of the coins in the market is going to make it somewhere around a thousand token probably. Probably why most people are just recommending bitcoin to everyone just because it is the safest investment that is going to make it compared to other altcoins.

why buy small unknown coins when there is also small known coins and they are safer .
he mentioned 3 coins namely eth , dot and uni . eth isnt a small coin because its value are over a thousand dollar but uni and dot are not that high and their names arent big as eth but two coins are not a bad investment .
price has something to do with the supply of a coin this is why investors that aims for big profit consider small supply coins only .

These are the risks unfortunately in the alt coin market. We don't know which coins are going to succeed and which are going bust beforehand. A lot of the success of a new coin depends on the first month of its trading and how much advertising is being done for the coin. So to go only for bitcoins because it's the most used might be wrong. We can make a lot of money in the alt coin market if we pick the right ones.

I think you forget about an important think:

7: if the team did a bounty program and what was the allocation

Bounty hunters have a selling strategy and most of them dont want to hold any single coin for the future that because they alway wanted to convert their work to fiat.

Some bounty hunters sold their tokens (Amepay) for less than 0.005 and the price now is 0.07 and im sure it will rise again

It's not really the coin but the project behind the coin, if you know what to look at on a project, the development team, the issues that they want to address, and the platform that they are offering to the community, whatever coin those team named or algo they want to use, they are going to succeed, even if they have the name failure on their coin, it's all about the project.

It will have a negative effect with lots of coins in circulation, because it can make many investors lose money if they choose the wrong coins
for investment. Because based on the data I got in several articles on the internet, it said that about 90% of the coins in circulation were shitcoins.
Therefore it is very important to do analysis and research first before deciding on an investment, make sure the coins we choose have a high volume.
Because usually high volume coins have a high demand, making it easier to make profit from these coins.

Exactly. It's the project that carries the competitiveness and utility of such coin. But still, a lot of projects have been launched in the market so we need to analyze more by making our own research which project will be most appealing to the investors thru the team that carries out the success of the project.

I think all traders have different ways of trading, all based on their own understanding and experience. there are traders who prefer to trade in coins that have low prices and vice versa !!
in my opinion, what needs to be considered if the market conditions are like today (many Altcoins have sprung up)
"Just pay attention to the Altcoins that we invest in, are they decreasing or increasing?"
I don't think it will cause big losses for investors even though there are lots of altcoins that have sprung up and have good value.

There are currently over 10,000 cryos on the market and most of them are trash. Those are inactive projects. I suppose valid and valuable cryptocurrency. Only good projects deserve attention.

every day new coins/tokens appear and that only adds to the dirt 'lol'...
Every day new coins appear and it shows that there are so many who want to contribute to the crypto market. not carelessly choosing and focusing on old coins will make the heart calmer and avoid the scams that continue to appear in the crypto market.

I don't mind having this much coins. With time the good project will stay and we have what we need. I think it's not a big deal.

Well, this is understandable, in order for a coin with a large number of coins on the market to increase in price, as the same bitcoin needs hundreds of millions of dollars to be poured into it.

Now is the time when 100 million coins is not so much.

It has been a very long pump year when every coin was in a big bull run. Also defi made things easier for people to build a token, I can create a new defi token in under 15 minutes if I want to, it will not be a good one, but the creation process is that simple. Which means we are talking about something that would not really be that difficult for people to create to make money as well.

Of course there are good ones, we have seen many good projects this year as well, but once again 90%+ of all coins created were shitcoins, they were just created because people wanted to make quick cash by selling their tokens that they created and it is easy way to make few hundred thousand dollars. Who can say no to that kind of money? Which is why everyone is trying to build one, it could be good or bad but it will make them a lot of money so they are trying and that's why there are so many of them.

Be sure to study the project and the distribution of coins in the project before investing your money there, you know that you can earn money here, but you can also easily and simply lose all your money here, so be very careful, please!

There are many coins that meet all the criteria that you give, but in the end it is still just a garbage coin.
The crypto market works around hype and rumors. I can take Doge coin as an example, people go crazy over doge when Elon musk talks about it.

This is what i always suggest others when they ask on what coin should they buy. It is important to weigh the factors especially when you're going to invest huge amounts on it. The only coins that i recommend is bitcoin and ethereum which passes all the factors that you've just mentioned. Other newly introduced coins are risky to invest in. Yes it is useful, but will it last in the long run? Does it cater to the majority of the investors? Who are the competitors of the coin? That's why most newly introduced coins turn into dump through the years. It's either because their concept is too common or rather the purpose of the coin is only suited to the current trend

More the coins are in market makes more competition! I think its good to have too many coins in circulation.

Yeah, I think it's extremely important. I think it's the number one thing that everyone needs to do, even if you have a great product. In other words, if the platform isn't ideal, even if the team is wacky, in other words, if the ICO is done with poor PR and a total unprofessional way of selling the coin or whatever project, if the team isn't up to snuff, then that team is going to fail.

I think the best reason would be to actually make the most amount of money in the quickest possible way and that's it, they do not care about anything else about it. Let me put it this way, when there is a new coin, people get in and get in a lot and that increases the price, if you are lucky you would get in early and get out right at the top, I just faced a coin that went from 40 bucks to 300+ bucks just because it was new and everyone wanted to get it and do LP with it, unfortunately it dropped as much as 13-15 dollars in the next day, now it is back to around 40 bucks.

It all depends on what's going on, some people want to make money from one side, the other wants to make money from the other side, as long as there is no IL you can get some money out of this. I can't say what is going on with people because it is risky but they do get in to make a quick buck and take that risk.

I don't agree with this argument. Having thousands of shitcoins in the market, which doesn't have any real life usage is not beneficial for anyone. On the other hand, they cause a lot of harm when new users unaware of their details invest in them and lose their capital. IMO, the sooner these shitcoins die out and are removed from the exchanges, that much better will be it for the health of cryptocurrency as a whole. Let's not forget that many of these coins are associated with scams and Ponzis.

For long-term investment, of course Bitcoin is the best potential, but isn't it only natural that bitcoin is always the main recommendation, and that doesn't mean investing in altcoins is bad, right?
The OP also describes several criteria for coins that are worth holding, one of which is that the coin must have a clear usecase, and the major coins in market cap have this criterion, and in my opinion there is no need to doubt it.

almost most of the altcoins in circulation are shittoken, which is detrimental to many people. always be careful when we buy altcoins whose trading volume is still low. There are so many altcoins that are dead at this time because they are left by the team and also their concept or product is not accepted in the market. The importance of research before we buy or invest is to analyze which altcoins have the potential or will lead to a scam. remember that anything can happen in crypto.

Many cryptocurrencies like BTC have a limited supply, and so people claim that they are resistant to inflation. However, there is no limit to the number of altcoins that can exist. So isn't it true that every time a new coin is introduced and people start buying it, the value of all other coins decreases, therefore causing inflation?? Anyway, during a market crash, all of shitcoins will surely die...

And I believed, over time... The cream will rise to the top... I have my quality portfolio fully ready for that day.
I am limited only to: [ETH, BCH, UNI, DOT and Blocknet (BLOCK).]

Agreed, but the problem is there will be lots of scam coin in the market as well and this will be disrupting the crypto ecosystem as the newcomers who have been scammed by the scam project will give a bad review about crypto.
I have seen that so many times the scam projects were scamming the newbies and these newbies were saying crypto is bad enough.
As long as there will be more and more legit coins and that should not be a big problem.

nice insights, If I may add probably these things could help too :
a. The developers, you can do some check and re-check regarding team members and developers or any information about them. If it's reliable and makes sense it can be a good sign
b. How precise the roadmap and reality or may I say the achievement. A good developer usually will try so hard to make sure the road map is fulfilled.  Even though it's not 100% precise, at least it's not that far from the road map that has been planned. Good developers always attract people to invest.

Developers are very important if they are reliable then the project is in good hand, you can

take them as a little assurance the future of their creation is very possible to succeed.



Roadmap is your main basis if the team is true to thier set plans, if they keep progressing and

from time to time they are providing updates, it's also a good sign that the project will manifest.