Bitcoin Forum

I am a new trader who has been trying to analyse the market but couldn't find anything. I have also been trying to identify the so called " gems " in the market but so far have been unsuccessful. What do we look in coins? What does determine their price movement? What shall I chase while looking for coins/gems? I really want to learn and invest.
If anyone can help me with this, I'd really appreciate it.

It's always about the demand of every coin that's determining their prices.

So the higher the demand, the better price that they've got. And as you've mentioned Binance, it can really increase anytime soon because bitcoin is doing well.

When bitcoin is performing very well, it's also giving other altcoins the signal that will make them perform good too.

So, regardless of what the project is about, all coins should increase in price soon? Am I right?

Not everytime, sometimes the price of altcoin declines when the price of Bitcoin increase but the real fact is no one knows when and what project will explode, the random project may increase 500% overnight so it can't be predicted with any kind of analysis, its just a whale thing.

Does it sounds right to you? Of course not. 99.9% projects are going to zero sooner or later. There are more than 18 000 projects. most of them are scams made only to suck money from investors. It definitely not as you said. Market is not a magic place where everyone is earning because everything is growing.

If you are new ... give up with this market cycle. Do your best to prepare for next market cycle (3-5 years). Lear about crypto, about market, about technical and fundamental analysis. During this market cycle limit your actions to investment in the safest and well known projects. Bitcoin/ETH/BNB

Fundamental and hype. Both have become important things when you wanna try to search the gem. Searching the gem was not an easy task and you must always try to do various research. Don't you see a token called GMT/stepn? This was the hidden gem last month and it was increasing a lot drastically. I guess the exchange site can also become a clue about the hidden gem as well.



Demand, supply, hype


In this case when you are looking for the hidden gem or good ROI and you can try to join in the IEO that launched on binance or various IDO platforms. Im sure that you can earn good money but the bad thing is if it's so hard to join or get a spot.

I don't suggest anyone to follow it but until now I still believe in binance coins like ETH and BNB if you really want to choose a safe and potentially better coin, choose both coins and I'm sure the two coins won't die either.  as long as the bitcoin market is still safe.

There is a chance that upon release they could go up in prices. The question is, is the price increase just due to hype or it is really a solid project that investors are willing to pour their money on it?

So you really need to do your own investigation, not just invest because of the hype. But if you want to skip this, maybe it's good to see at the top 10 altcoins and see which coins you want to invest asa a beginner.

Actually I'm not sure about tokens from the BNB network because most of them don't last long and have low quality but not all of them I've followed their community which until now still survives and seems still good to use as an investment there. are TokoCrypto token(TKO), Safepall(SFP), Seedify.fund(SFUND). they look to be going back up soon.

If any reason at all. Its not easy to find a gem that could do 100x or more just easily. If there is, there is a huge risk associated with it and sometime its hard to know if its gonna do a major multiplier. Most traders are kinda unique and even fundamental analysis can even just say so if its a good token or coin to invest with. But for mex of course I could recommend to bet on a new project.

As a newbie to the market,  it is best for the OP to look for BTC, ETH and BNB safe coins. Can be considered as the safest coin and it is suitable for all newbies or experts. Gem search is not easy, requires knowledge, experience and know-how, so OP should not rush but focus on the top coins.

Even veteran traders will find it difficult to find so-called "gems," especially in exchanging so many cheap coins that could become the next "gem."
Finding "gems" is a matter of luck that not everyone can find but you can try to invest in Bitcoin and don't invest in altcoins if you are still having trouble deciding what altcoins you can hold.
Maybe you can hold coins based on the top 100 of the list of coins on the market and try to find more information about each coin to see how much potential it has to improve in the future.

Imo, I would suggest you join platforms launchpad who can identify gems. They know what to look out for and they have the resources to find them. Since you are new in crypto with little or no experience, it is better you stick to using launchpad until you can do it yourself. Binance launchpad, Coinlist are good place to start, but you must note there are certain requirements that need to be fulfilled before you are qualified to participate in their sales. You can search those information from their website.

This is very risky, especially since you are a newbie in this field. As we all know that in Binance Scam Chain (BSC) are most of the altcoins there, especially those new projects are popping there are mostly scams.
Another thing that I noticed why Binance Smart Chain (BSC) lured a lot of newbies is because of these so-called "hunting gems" which may get you huge returns but on the other hand, at high risk and more likely a gambling.

Definitely, we should look for the demand or future demand of the coin.  Aside from that if the coin is new, we should check the following"

Developer - we must know the capability of the developer and how true is their declared background.

Marketing Team -  this is very important if we wanted our investment not to sleep too long.  Many projects nowadays just hire someone without even verifying their skill.  Many even give them false background just to beef
                          up the so-called reputation of that said team.

Roadmap - is it realistic and attainable?  Many projects just utter complete nonsense and promise a huge return after some time.  we should also check if it is one of a kind and just a copy of the previously successful project.

Token allocations -  Too much airdrop can ruin our investment, and too much reserve for the Team can also manipulate the future market or even crash it when the team decided to dump.  It makes no sense when a
           project allocates a separate portion for the team and the project development.  They already have their money during the private selling, pre-selling, and initial public offering (ICO, ITO, IDO whatever you called it)
           and even post public offering.  It is just a complete non-sense for a developer to get more token allocation when they already have the money from those pre-sellings of the token, it just looks like a money grab
           even before the project come to a realization.

Market -  We should also check the target market of the said token.  The greater the target market audience is the more possible the project being successful.


Don't just jump into the wagon because someone said it is hot or good.  Always dyor and check for red flags and critical points.  


It is always the supply and demand, and the speculation of the investors that determine their price movement.  You can see two things here.  Price move because it is greatly hyped or because it is very promising (in short it has a great potential).  We should be able to differentiate the two.  If we failed to, we might end up bag holding useless token.  



These are a good read:

Five Things To Consider Before Buying Your First Cryptocurrency (https://www.forbes.com/sites/forbesfinancecouncil/2022/02/02/five-things-to-consider-before-buying-your-first-cryptocurrency/?sh=7c881184d343)
How To Find the Next 100x Crypto Gem Before Everyone Else (https://joywallet.com/article/how-to-find-the-next-crypto-gem/)
How to Identify the Next Big Cryptocurrency (https://www.investopedia.com/news/how-identify-next-big-cryptocurrency/)



Asking questions and doing survey is a good start but don't just listen to everything you hear, you must do your own research, weigh all the data and go with what you understand is the best.  After all it is your money you are spending.  And always have patience and be updated.

Thanks a lot for every one of you for the replies. I am also interested in learning about price action technical analysis, is there any way that I can find free videos or you guys recommend me something so I can learn it inside out. I don't want to be dependent on other people but learn it inside out so I can analyse it better and hopefully will increase my capital rather than risking it with FOMO.

First of all, don't rush to invest, and learning takes time and patience on studying the movement of the price in the crypto market such as Binance. I was in the middle of hesitation when I first invest in certain coins but then I remember the golden rule which invests only what you can afford to lose. So I did that and proceed to my plan which I studied earlier in the exchanges by looking at what sort of coins are trending in the market right that day, I was lucky to choose the right one due to my patience and luck and I finally concluded my investment when I reached the desired amount I wanted to sell my coins. It might be simple as it sounds, but it took some time to study the market and a little bit of patience is recommended.

As said, it's based on their demand so yes if the demand is increasing but it will not stay there forever. After it increase that much, it's about to decline and start correcting.

Still, you should be careful regardless of the project because that increase that you're likely to see from them could be just temporal and can be a pump and dump so secure your profits quickly.

if you really trying finding some underrated gems inside binance platform then you most likely gonna find many but surely there are some altcoins that have reached their most potential since the fact that they make it and being listed in binance platform itself already such a great feat and it could be that some altcoins are already some great things the time they got listed in binance platform therefore kinda having minimize potential compared with other but regardless there are many newly listed altcoins and even some altcoins that are being endorsed by binance, if they have relatively low market capitalization you could easily score some great ROI if you could just hold it for the long term, other way is by finding any project under binance platform that seems promising like metaverse, etc that could have momentum easily in the future. FYI if the price movement driven by the hype. The hype itself was coming due to the demand and supply in the market.
You must take a look at the fundamental of token. This is the most important thing when you are trying to find the hidden gem

As a new trader, first thing is first, and that is to take things easy, there is really nothing to look out for that would tell you that x or y project isn't a scam or a shitcoin, for now you basically just have to concentrate on learning and doing your own personal research, that is the only way to do it right.

Having said that, you should also be very careful about following people's suggestions about coins to invest in, more often than not people would suggest to you coins that they are hodling, thus you might just end up helping them pump it, while they pull out and the coin dumps, leaving you in a loss/receiving end.

Study the history of a coin before investing, take Bitcoin as a case study, if you do your research about Bitcoin, you will understand that it is a great investment and a long term project, and if you are a long term investor then it could be your best bet; but on the other hand, if you lack patience and possibly want to ride your luck in "getting rich quickly" then you could prolly try new/pump and dump coins, but you must understand the grave risk involved if you choose to go down that path.

That needs the time for you to learn how to identify and get the hidden gem. It's not easy but i can give you a clue about how to get that easily. You must also watch how many ventures that already invested on it and whether there are some ventures that related with the major exchange site or not. The major exchange sites are also actively investing in the projects.
That means if such project have been invested by the major exchange site venture capital and the chance for that to be listed on major exchange site was so big.

All these roadmaps, developments, new technologies, problem-solving - it's all bullshit, guys! Coins start to grow when a moneymaker or a team that has been selling their coins for a long time decides to do so. Altcoins are mostly roulette and it's better to buy them when the whole market is active, like now. Otherwise you might turn into a holder for a few years.

The first thing you need to identify further is to place your position whether as a futures trader or investor? Because they are 2 different professions. Which one do you want to be? or both?

Talking about which coin, then of course at least make Bitcoin a long-term investment, and an altcoin for trading. For example, 10 top coinmarketcap have high trading volumes.

The truth is that no one can tell when the price of a coin in the market will increase.ost especially when it is a utility coin such as Binance coin BNB, so at that, I will advise you to take your time to hold for long if you truly want to see a significant change in the value of the coin. Also, know that most of the semi-centralized cryptocurrencies are all controlled by the team that develops them once the team wants the price to pump they can do so since they have total control of the coin.

If you want a more classic investment, you can buy coins that have already proven themselves in the market. In this case, the profit from investments will not be big, but the risk will be minimal. Profit is small, because the coins, which are already presented on the exchanges, have long made their main x's.

If you invest in young projects, there is a chance to make a large profit in a small period, but in this case the risk is higher, because young projects may be a scam or the developers will simply abandon their development, which often happens during the cryptocurrency hype.

Do not invest in all sorts of questionable NFT tokens or GameFi projects. Look for those projects that have a developed ecosystem.

It is not a magic market so that all the coins that are listed in exchanges rises up whenever the Bitcoin market is rallying. It depends upon the project and how the team has managed to advertise them so that they get more eyes on the project and possible more investors. There are many shitty projects listed in Binance, so before investing, go through the project and see how responsive they are with the investors, before making your decisions.

Yes that is quite normal with majority of the altcoins in the market, if you miss to buy at the right time you are probably going to end up holding that coin for some years . and there are some of them that has dropped from their original value at the start, and now they are at a very low value and are not making any move to get past that. So, anyone who is investing in cryptocurrencies really has to be careful with the coins they are selecting.

But, I don’t really agree much with what you said that road maps, developments, and other things really don’t matter, to me I think that they all matters a lot, you have to be sure of what a project is all about, before you start investing in it. That would help you get a clear view of whether that project it’s something that would work for you or not.

Coins that later get listed on binance increase more in value than those that raised funds through IEO on binance exchange, you have to catch them young like someone posted in another thread on here, find real gems when they haven't explode 💥  in value.

So, you are trying to find some good cryptocurrencies that you would invest in? When looking for crypto currencies there are a few things that you would have to consider. So, I don’t really think that it should be a difficult thing for you to do. The first thing that you have to consider is the team behind the project.

Yeah, this is really important, although there are some projects that wouldn’t really show their team. And if a project is not showing his team, I would advise you to stay out of it come and just consider the ones that you will be able to know who their teams are, and check their social presence as well to know if they are really up to the task. Then the market cap and the trading volume of a coin is also really important, and there are things they should consider before you start investing.

Follow every market development, especially Bitcoin because every Bitcoin movement can have an effect on other coins. Then on the sidelines of following the development of Bitcoin, you can also follow what coins are in a trending condition. For even better, you can visit the trading board. There you can take a strategy that is suitable for you to apply.