What makes you pick an altcoin

[pooya87]

Yes, all valid points, all new altcoins are nothing but copies of other altcoins, but lets be honest, most altcoins are just a joke, the whole crypto community is a joke, dogecoin being in the top 10 coins says it all.

But is what it is, i have to adapt and as i said my bitcoins right now are doing nothing, my interest is purely to make profit, im not going to lie.

i used to search for some altcoin that is old, good, reliable, ... which i could invest in and hope that its price goes up and i can profit from it.
but eventually i reached this conclusion that you said. and now i consider all altcoins as a joke and a copy and most importantly just a way for me to earn a profit from trading them (and never invest in them).

so you just need to study the markets in order to do find a nice one to do your investments. just find a it before pump and enjoy the ride.

[Nxtblg]

The problem is that nowdays most of the new coins are just scam, pump and dump. Im looking for new coins (1-2 months old) that are not a pump and dump to invest, what would you recommend?

Have a look at GetGems/GEMZ: https://bitcointalk.org/index.php?topic=758004.0

It's still in the bug-chasing and upgrade stage, but there's a real app that works. The concept blew my mind: it has the potential to take crypto mainstream. It's still near the initial ICO price. One of the things I like about it is its price: still only a little above the initial crowdsale price. It's already gone through its excitement pump and faded back, so the price is now reasonable.

[Yeah, I am a bagholder...but my bag isn't as big as I'd like it to be. As with any genuinely innovatory crypto, this one takes patience.]

[XinXan]

The problem is that nowdays most of the new coins are just scam, pump and dump. Im looking for new coins (1-2 months old) that are not a pump and dump to invest, what would you recommend?

Have a look at GetGems/GEMZ: https://bitcointalk.org/index.php?topic=758004.0

It's still in the bug-chasing and upgrade stage, but there's a real app that works. The concept blew my mind: it has the potential to take crypto mainstream. It's still near the initial ICO price. One of the things I like about it is its price: still only a little above the initial crowdsale price. It's already gone through its excitement pump and faded back, so the price is now reasonable.

[Yeah, I am a bagholder...but my bag isn't as big as I'd like it to be. As with any genuinely innovatory crypto, this one takes patience.]

The problem is that you cant rely on active devs or good improvments because i have seen some coins that were innovative, had apps and all that yet they died, honestly in the last months when i was mining altcoins, new ones all of them and i mean literally all of them ended up dying, the thing is that at the start there werent many exchanges and most of them didnt accept new altcoins easily so shitty altcoins didnt grow but now, damn there are exchanges for any shitty coin out there

[tyz]

My criteria:

1) Good volume
2) Supporting community
3) Skilled developers
4) Future and promising plans
5) Something new compared to existing / other coins

[smokinaltcoins]

I study everything that pump and dump groups are doing. I like them.

When I see a coin they have pumped three times or more, it goes on my watch list... I buy into them, set my sell orders at previous pump levels... and move on...  Some of them sit for a long time and do nothing.  Many of them get pumped again, then I take my 200 to 300% profit, and re-invest in the known pump victims that are currently sleepers.

It's a long term plan, and it works.  But it takes a long-term mindset.  The great thing is, I don't sit and watch the charts all day. It only takes a half hour a day to monitor and set up... I establish my positions, then the pumpers do the work and I take profits... sometimes I don't realize that my sell orders have been hit and I took my profits until a day or two later.

Low stress altcoin profits - recently I started tweeting. @smokinaltcoins

Cheers and good luck.

[Hollingsworth]

I look at a coins historical data, research its community and then invest in a few chosen ones, with my own home-made trading method.

The very first thing I do, is look at coinmarketcap.com, for the latest and greatest alt coin data.

On coinmarketcap, I always look for coins with the following criteria:
-- Relatively high 24 hour volume
-- Good volatility on price chart (x.5 to x3 value change) for 30-90 days
-- Lower entry price point ($0.0000x to $0.0x) for maximum shares
-- Is coin accessible on popular exchanges, ones you have access to?
-- No instamine or premine if possible (rare)
-- (Tip: you can sort coinmarket data columns by price, volume, etc)

After finding coins with above criteria, I do more research to see if a coin:
-- Has competent trustworthy developer(s) (Does the wallet work?)
-- Has any outstanding, innovative feature(s)
-- Is actively supported by the mining community
-- (Hint: research the above on coin's main Bitcointalk thread or its own forum)

After winnowing my choices, I pick the best 3-5 coins and invest using the Hollingsworth Method.

Good luck!!  

H.

[XinXan]

Thanks to everyone for your ideas and methods, they are definitely good and will help me, i will probably start investing just a little from now to see how things go, if i see im doing well then i will start using more money.

Im going to take a look in the next few weeks for altcoins to invest, maybe even post here what i picked.

[Hollingsworth]

Thanks to everyone for your ideas and methods, they are definitely good and will help me, i will probably start investing just a little from now to see how things go, if i see im doing well then i will start using more money.

Im going to take a look in the next few weeks for altcoins to invest, maybe even post here what i picked.

A good safety tip:
Exchanges can shut down, and disappear overnight taking all your coins with them. This has happened!
Never leave your coins on an exchange: after buying them, transfer them immediately to your local wallet.


Good luck to you...

[fartbags]

public dev is important. anonymous devs can disappear to start new coins.

I'll invest in anonymous stuff but it's risky. There can be good reasons why someone is anonymous so you can't just ignore them all.

I like to know the dev. If they have kids and a job... that sucks. If they are free and fully committed, im in for sure.


Every coin is different. You have to do lots of research if your plan is to accumulate and hold for years.

[XinXan]

public dev is important. anonymous devs can disappear to start new coins.

I'll invest in anonymous stuff but it's risky. There can be good reasons why someone is anonymous so you can't just ignore them all.

I like to know the dev. If they have kids and a job... that sucks. If they are free and fully committed, im in for sure.


Every coin is different. You have to do lots of research if your plan is to accumulate and hold for years.

No my plan is not to accumulate and hold for years, im already doing that with btc but obviously is not bringing me any profit right now so instead i decided to use a small part of it into altcoin investments to make some profit, thats why im looking for coins that are volatile, short term trades.

[Nxtblg]

No my plan is not to accumulate and hold for years, im already doing that with btc but obviously is not bringing me any profit right now so instead i decided to use a small part of it into altcoin investments to make some profit, thats why im looking for coins that are volatile, short term trades.

Oh...okay. I had thought that you were looking for a buy-and-hold. Trading's really not my line, I have to admit.

[Jahvinci]

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

[sakira]

It should have at least decent volume and a nice looking trend up.

I ever choose the coin because of the very high volume in bittrex then I tried to take the coin, then the next day boooom exposed to dump the coins and the price is getting worse. and it is the new coin

[erpbridge]

I look at a couple of things before investing into an altcoin. Primarily it depends on the developer and how much experience he has developing things from the past. I also usually look at the roadmap and go through it to see if its original and how achievable and worthy the milestones are. I would also look a few other specs if its an ICO or if it involves a premine for the developer(which doesn't necessarily mean its bad) .

[XinXan]

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

Nah thats not good advice, not even bitcoin is used in the real world that much, and plenty of altcoins have been on top 10 with no real use, dogecoin? I mean come on that was a joke coin and look where it got, it has nothing to do with what you say, unfortunately.

[Braino]

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

Terrible criteria.

It's all about profit potential

[Ducky1]

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

Terrible criteria.

It's all about profit potential

Yes, robbing off others less skilled in manipulation than you is really an admirable ting to do.

[XinXan]

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

Terrible criteria.

It's all about profit potential

Yes, robbing off others less skilled in manipulation than you is really an admirable ting to do.

Well dude, that happens with everything, when you profit someone else is loosing, it happens with everything, sport betting, you name it, we cant all be winners, if we were we wont be winners anymore, its how it is.

[Kanapka]

Real world use has always been my deciding factor, if you can't use it places its inherently worthless.

Terrible criteria.

It's all about profit potential

Yes, robbing off others less skilled in manipulation than you is really an admirable ting to do.

You don't need to be manipulator yourself.

Just watch what the manipulators are doing, and pick the side you think that is better at manipulation