Bitcoin Forum

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

Utility? what utility? There is no utility with alts other than providing privacy which XMR excels at. Every other coin is a copy of bitcoin. Some are faster, some have unlimited potential supply, some are less decentralized, some are completely centralized but they all have one thing in common; they are not unique at all.

If I had to choose 3 alts, they would be XMR, Doge and LTC. I am not really interested in the others because I don't see anything of value in them.

The amount of available liquidity to support the coin and for that, what bring in such liquidity is the feature that the coin pocess, and just as the first comment stated,  such feature as privacy protection and low chain fees and others are what we can look out for in such a coin.

But sincerely,  I don't choose altcoins for long term, because short-term speculations fits altcoins more and if I want to hold any asset for long terms it must be bitcoin and no other altcoins,  if I hold altcoins is based on short-term projection.

First of all, altcoins should not be held for the long term, because as we know they have the tendency to collapse and disappear, second I think that at least since 2017 most forum members had learned that altcoins do not offer any utility at all, and while there are a few exceptions that is all what they are, and finally if despite those facts you are still thinking about taking the enormous risk of investing in an altcoin, then the hype behind a coin should be the main factor to consider, as only a coin like that has any chance of giving you any profits.

hype and tokenomics mostly, as much as I like to talk about utility but the market just doesn't really incentivizes project with good utility instead all the money goes to the hypes, can you see all those L2 with hundred millions market cap? most of them only give some random governance token with next to nothing utility except for voting governance but they still scored good market cap anyway.

I've seen plenty of coins offering utilities only to fail, the truth is, the market just doesn't seem to care about utility at all, the hypes matters most in this case, otherwise the meme coins aren't gonna get valued at billions.
but despite hype,  always look at tokenomic and the vestiing unlocks, these are the thing that hold me from investing in a hyped project f thngs doesn't look good with the tokenomic, imagne VC bagging millons of dollars ready to dump at you next week just because that's the time they got their allocation unlocked.

Obviously you would want to consider both since we want to make profit but at the same time we need to ensure that it will be maintained and not much of a risky choice

but at the end of the day profit is still what we are aiming for so it makes sense if you just look for hype for now

It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.

But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.

but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till now

We all know that altcoin is not for a long term hold, at least only the top 10 might be good, but the rest is just for pure hype and pump and dump and so it's hard to look at what factors we need to so it really depends on each on us here.

And for sure, there could be guys that are really for a short term profit and to flip as fast as we can. And so if this is the case then it's more on the hype itself and after the hype has died down, we go on the next and the next, so for sure you know what at mean. How many of us read the whitepaper or do investigation? None, so I guess majority would agree that it's more on the hype itself.

I pick altcoin traits in this order :

Utilities This is what defines the nature of the coin and what it can do to the community

Team The capabilities of the team that will see the completion of the roadmap

Tokenomics The sustainability of the token

Hype I put it last because the hype will come when everything is in place; if the hype is what matters to the team, then the coin has no real value and real goal to achieve.

This is exactly my point.. noticed Well3- yesterday like I opined, but no too much hype on it. Now that it's on Bitget spot let's see if they'll be momentum.

I will never hold altcoins for long term because altcoins aren't good thing to hold for long, it's just used to make money in short term.

So, when choosing alts, it's better to choose hype over utility, hype can pump the price, while utility is really useless. Most people don't care about utility, if people are paying attention with utility, coins like Monero, Litecoin, DAI, etc etc should have been joined top 10 ranks.

As we can see shitcoin like BNB, XRP, USDT are the coins that in top 10 ranks.

I consider hype is the most important factor when choosing alts. Based on my true story, I have invested in the token with and without utility. The one without utility has the biggest hype, but the one with has the most utility. Surprisingly, my utility token does nothing for me, while my non utility token gives me huge return.

Then, i consider hype is the most important factor to help you generate some mone. I don't really care what utilities, how good tokenomics, or how professional the team behind it. In fact, meme token doesn't have it all, yet they surge even higher compared to the majority of utility tokens in the market.

And for me, hype is everything in crypto.

For me its both utility and hype. Hype generally mean quick profits, they don't have to be a good coin. And with utility, you are always right on long run. Hype sometimes might be deceptive but utility never disappoints you. And when you research about the utility and the fundamentals of the coin, you'll be able to successfully chose a winning coin. For example if anyone buys Ton coin at current price of around $7.9, its almost sure that this coin would make you x2 within a couple of years. But with hype, the coin may make you x10 in a few months or you would lose your money.

If we're going to talk about short-mid term hyped memecoin trades, then sure. Because why would you even care about the utility, team, and tokenomics if we're just talking about memecoins lol. But OP was asking about "picking altcoins to hold for the long term"; so I'm not sure why you would hold nonsense memecoins for long periods of time.

Since you mentioned long-term, then hype should not be part of the options because hype is for pump-and-dump coins like memes, OP should go for utility, team and tokenomics if the coin is that good the hype will eventually come and that hype is not just one time and will continue from time to time.
Altcoins like XRP, Ethereum and Solana are getting hype from time to time because they are altcoins for long-term holding; memes should never be part of long-term holding.

To be honest, most of these utilities that are being proposed by most of the altcoins have already its identical projects before. While for the few of them, they've got really use cases that are being used by their own platforms. Other than that, with whichever niche that they're working on, the devs, they are nothing new whether they're in real estate, wellness/health and any other sectors that have been proposed. I can even remember that I've read some projects that have been optimistic with their use case for greener energy. But it seems that most of them are just all talks and proposals but not into actual usage of it.

Because with all of their purposes, all of it ends with tokenomics. Yes, they're all ending with that and focusing to the actual market and forgetting the actual proposal that they've made before on what sector they're representing and working on. As long as their token gets popular and hyped and listed to known exchanges, the purpose is forgotten and they're focusing on the volume of the trades instead of the original reason why they've made their projects. So, that's why I've said that most of them are just almost the same and like a try and test type of projects until they succeed.

Depending on the term of investment, the hype helps with a quick flip. On the other side, even some projects with similar utility, demand, and number of users can give a good boost!

For the long term, hype is no good. But you're right that if the investor is for the quick flip then hype is what matters most and the rest just comes next.

Yeah, you're right with that as well but my point of view is for the long term but it seems that I'm missing the part of the short term traders and investors. And with those matters, whether having the same utility or purpose, as long as there has been an established connection to its community and other factors, it can survive.

I honestly don't choose altcoins for longer term. The only exception is ETH. In the past, I had some XMR for long time. Altcoins are not much useful for investment unless you understand the hype around it. So I am sure no one chooses altcoins for utilities to be honest.

Obviously exceptions are there! Some altcoins do have utilities as mentioned above. But majority of them do not have any utilities. It's mostly a pump and dump game!

My investment would really be divided on several bags.

1. Meme coin bag
2. Long term bag (Utility based)

We do know that when it comes to meme coins then it would be ideal that you shouldnt be holding up for too long considering that these coins are really just that easily get rugged.
On the moment that you've seen that there's a strong community hype and support then you could really take up some risks on buying it but of course we do know that it wont really be
giving out that guarantee that you could really make money if ever it would be making up some pump. If it turns out that it did make out some moonshot then lucky for you
but if not then you would really be ending up on holding tons of shit coins in your bag.

When it comes to long term bags which is mainly composed with BTC along with some top altcoins that we do have in the market. There would really be that
a specific division in between long term solid projects and with memes. Important thing is that you do know their differences.

For long term investment, utility is a must have. Also, i tried to make sure the project fit into the upcoming narratives that the industry is going to embrace next. For short term profit, hype is enough. That means if the crypto community is talking about a project, that means money is flowing into it. This is a chance for a short term profit because of the huge retail cash inflow into that project. Most of the ALTs are scams, so its not very hard to identify the utility focused project.

I look for utility, benefits it proportionates to adopters, holders and investors. It usually comes as benefits inside an already existing platform or service. So you acquire the altcoin to guarantee extra advantages inside a service platform. If the offer is interesting and rewarding, I decide to invest on the altcoin. It's not easy, though, because most offers don't worth. Some look really good at the beginning, but on the practice it's completely different than you firstly expected.

Altcoins are always a risky deal, so if you want to avoid all the troubles, frustration and regrets of adopting them, I would advise you to just invest in Bitcoin currency that you won't have any headaches later. It's exactly what it promises to be, without any hidden nasty surprises in the end.

Some years ago, when I was investing in a lot of new altcoins, I usually considered all of the factors that you mentioned before. I could buy the token or coin, but even after considering those factors and still making an investment, the project would still fail. The truth is that a project could have a good team, it could be a transparent project with good intentions for their investors, and their native token could also have a good utility purpose, but some misfortunes could happen with the project, and when the team cannot hold up to the challenge for a long time, they could either abandon the project or sell it to the wrong team management. 

This time around, if I want to invest in new altcoins, I will check if the project has a good team, I'll check the market size of the token, I'll look at the token's utility, and lastly, I will never hold the token for a long time. As soon as I make a good profit, if the price becomes volatile, I will sell and take my profit. The reason is because I cannot hold some of those new altcoins for a long time. 

The only altcoins I can accumulate and hold for a long time are these old, existing altcoins that have proven themselves to be of good worth since their launch. Examples are ETH, BNB, SOL, Matic, etc. 

I couldn't care less about the hype. I know that can be a solid tactic but i wasn't build that way. I haven't seen any real world use cases that would really benefit from blockchain. And they have often  either such a cheap fees, and bad tokenomics that any amount of corporate tx activity wouldn't need to even invest into the coins because it would be cheap to use, so there wouldn't be any need to hoard or hold any tokens when you can do fine for ages with the fraction of one full coin. Or other way around and blockchain might be too expensive to use. That would be counter effective to anything anyone would be planning to use it for.

Reddit might have only use case that makes any sense. And that is native nft avatars that you can use to build avatars there. I am still not sure if that's a good idea, but it has brought money to artists that designed them, and knowledge about nfts.

Hype can be used when buying certain altcoins, usually only in the short term, if you buy them successfully and at the right time, and also sell them when they reach their price peak. Usually only a few of them last long in terms of price.
If you count on long-term retention, then it is better to choose their usefulness, as well as liquidity, that is, those that are in the top ten in the CoinMarketCap table. This can save us from many unpleasant moments.

sometime what makes thing difficult in choosing alts with utility is that some of the utilities are truly garbage not even worth mentioning.
like most of the L2 coins right now which if you see in the chart it's quite dying, why? because their governance token worth to none, just overly inflated token valuation by the VCs without real utility at all.
these governance token only being used for proposal and that's it and mind you most proposel get voted by the project team because they usually own large sums, though there are some case where community wins indeed but I just see that kind of utility as gimmick at best.

https://i.postimg.cc/W46PkSVf/lyr2.png

I mean i know market is bad right now but these L2 literally already dumping from before BTC crash and now just got even worse.

it is best to choose both. I think, even if a coin has good benefits, but there is no hype and there is not much interest in it, then it just takes time to fall. Meanwhile, coins that only take advantage of the hype are like meme coins, and it is likely that these coins will fall quickly. So, it would be great if we choose both. I don't think we can choose one or the other if both are truly important. However, until now quite a lot of people are taking advantage of the profits from hype coins even though it is risky.

Honestly, it depends on my budget because if you look for the current coins that have more hype than the others, you are required to know when to sell it because, after the hype, the price might not return to its peak again, therefore selling it at the right time is the best thing to do.

But if I want a long-term investment, especially for the coins that have been there for years, all I want is team dedication and their Tokenomics to secure my capital in the long run because I can't see myself investing in random coins without these main factors, I might just lose my money if they had failed to improve it and don't pay attention with it.

Overall, they need to have healthy liquidation and consistent updates and developments to make me invest in their platforms, that's why my wallet only consists of a shortlist of cryptocurrencies.

To be honest with you, investment in altcoins is like a tiky time bomb that is always waiting for your money before they explode. Take a tour around coingecko and see for yourself the coins thag were launch this year and the ones launch in the last Q4 last year, they are down to something I don't even understand because they were built on hype and it has faded and the surprising thing is that majority of investors don't really care about what the project can offer them but the profits.

All things you mentioned is very important in a coin but hype is needed in minimal form so that people who loves opium don't have to run away because that's what they do these days. Once they are done with their profits, they sell and move to the hype projects, no body really cares what the team is building or what is the value the project will add to their coin. They are.just after 3x from one projects to another.

For long term then of course it should be utility. Not a fan of hyped tokens but I cannot say that those coins aren't profitable. You could really ride the hype and make profit from it and this is evident with  meme coins this year. There are many memecoins being introduced in the market right now and if you will manage to make an entry early, then profit is quite assured however you just need to be cautious of sudden price dump from big investors who will just take profit after their gains. If you will miss taking yours then be prepared to be their liquidity. Also with rugged projects, a must to avoid. All of these reasons made me stick to utility project tokens. At least in the long run I would have greater chances of making profit by just holding and picking the right project. Hype is temporary, so better keep it in mind.

I'd say utility but for the most part, every alt out there is just some sort of copy of Bitcoin or other existing alts but I guess if it was for the long term then utility would 100% be better compared to something like hype lol. At the very least it introduces the idea that the coin would have future progress or development which could lead to potential positive market movements of the coin.

And I'd say memecoins are a better topic on online forums. Why? Bots lol. Plus, short term topics are more likely to be more apparent in forums since they would naturally pop up every now and then, compared to a project with "potential".

If it has a utility then why it can't get much interest? Actually, that alone is enough to make the project popular and that creates a hype. Those projects who only have a hype might fail quickly but who says we will HODL them for the long term?

So, it is still possible to benefit at them. It was only a bit tricky since we have less indications like checking their utility, to see if who among them is not an instant scam. With what I've said, it is really possible that we can only choose one between them but if we came across a project that has both, then that is much better and we must prioritize it, if investing for both are not possible due to limited capital.

It often happens that an item that is not selling in the market is advertised or its price is reduced so that people will buy it because the seller knows that his goods are not sold. So he gives all kinds of freebies on top of that, I think it's the same with the hyped coins. I am saying this because I have bought some hyped coins but I did not get enough profit from them even though they are very famous in the market at the moment.

Now, since they are not promising coins, it cannot be said that if the market goes up, they will go up, it can only be a hope for the best, so I don't prefer such coins or tokens that much, I think. Bitcoin and other old cryptocurrencies are better. Some altcoins have always benefited their users and no matter how much the market goes down they have gone into profit later, so a little wait and a little less profit is better than a big loss.

Depends on the coin. If it's a meme coin, what I need is hype, because the more famous the coin is, the more people will buy it, but remember that every meme coin has fluctuations beyond limits. If a meme coin is already too hyped and has been in the market for too long, it's better to sell it soon, because it will soon turn to ashes. And of course, for me, I will choose a coin with clear utility for long-term investment, except XRP  ;D ;D.

If you want easy money, high risk, high reward = go for hype.  This is very common right now or specially during the bull market, a lot of hoping to make easy money on random altcoins, that's why you can see a lot hypes and random pumps on altcoins, after that it will dump and some are already late and they became exit liquidity for others.

I will never choose based on hype. Whenever , I have done that in past, I have had to incur huge losses. This is because I play with large capital also.

Now I only invest for long term and thus the investment is based on general perception about the altcoin for long term. If there is series of good announcements coming for a certain coin, then I might give it a chance. But just based on one event or news, I rarely invest in any altcoin.

I agree, a good project doesn't need to cheapen their product, they make it and they let the market buy it and don't care what people think, because they know that their product is already good. A bad one knows that they are lacking a lot, sure they promise a ton of things for the future but currently they lack a lot, and because of that they promise the worlds, like tens of thousands of dollars potential.

Because, they know their product sucks now, and if they do not offer anything big, nobody would decide on anything else. We should probably consider how to make it work, and because of that we should probably consider how to make changes. We should consider utility as the most important so that we can invest into something that is decent in the end.

When it comes to meme coins then everything would really be depending on hype on which this is the main reason on why it is really that going to moon and even to those solid projects on which we know on how relevant to a certain project.Although we do know on where investors could possibly deal on with on which it would neither be on those utility projects or memes on which as long they would really be able to make money then this is somewhere they would really be choosing or sticking on where they could make money.

Going back on topic about alts choosing then I would go for solid utility at the same time on which having that at least some good community and backed up with some solid partners and investors on which you could be having at least that kind of assurance
That you are on a good project but of course when it comes to sureness then it can't be 100%.

To be fair, at least for me, if we are talking about a meme coin then I would not invest, even if it's hyped. I do care about utility,  I do care about hype a bit more, but I care about how serious a project is and not some joking matter. We are talking about so many stuff that looks like it's just a pure joke and I rather not have that at all. We need to consider the fact that we are talking about a better reason to keep going.

This is why I believe that the best thing to do would be making a good return with it. This is going to matter, and this is going to do great, we just need to keep going with alts that have a meaning. Look at ethereum for example, it's a serious coin with a lot of great features, it doesn't need hype from anyone.

right. i didn't notice that part

Maybe I rely more on hype, simple research such as who the investors are, how big the community is, then after that just take short-term profits. Existing and new altcoins only show fleeting sensations, unlike ETH, BNB and Solana, of which these three are exceptions for me to use as long-term options, because they have been proven over time to have large levels of profit due to encouragement from community adopters.

Which is as it should be, but the majority of the people out there do not care about investing for the long term and they see little reason to choose utility, as what they want is to obtain fast profits and hype is way more important to them, however even by selecting altcoins in this way, there is no way they can be sure they have taken the right choice, as a great deal of the support an altcoin may have could be simulated by bots and bought followers, and this could lead those people to invest in the wrong coin.