How Do I Research On a AltCoin To Know If It Has Potential

[valnd]

Hi guys....

I have watched so many youtube advice on investing in altcoins.
They always say do your research on the coin before investing.

Please How do I research a coin to Know If It Has Potential.
Where should I find it?
Which website?
what do i look out for when researching ?

Thanks

[anggriani]

search the project site or thread announcement here, read and understand its whitepaper. see the roadmap and chart (if already registered in exchange). the last thing is always to discuss with your community or users here.

[chocopapaya]

The best research you can do is to reach out to the devs of the project.  There is usually a way to contact them, either directly, or through the social media tool they use.
These will all be on their website and it's also good to take a good look at every aspect of their website.
Next, is to take a long hard look at their whitepaper, roadmap, tech specifics, github, etc.
Throw around ideas in their slack, telegram, or whatever they use and talk with other supporters of the project.
Go through their announcement thread here in bitcointalk, just search (ann coinname).  That is where most serious discussion of coins happens.
The last thing to do is to go to youtube or other such crypto websites.
In addition, while you do this, you should be researching and learning about market economics, trade mechanics, crypto tech, and all that.

It takes a long time, but is very rewarding.  You learn a lot and crypto becomes less of a gamble.  You start to feel empowered and stress levels drop.
On top of that, you will find much better returns once you start making trade choices based off of hardcore research rather than suggestions of others.
It's a win win situation.

Work hard now and reap a lot later.
Be lazy now and follow pump and dumps or for profit youtube promoters and get burned.

[Marthala]

Search the site (https://coinmarketcap.com) for the market size of the Cryptocurrency that are listed on Bittrex and make a list of the Cryptos micro caps. If the market size is less than 5m, this Crypto has a huge chance to double has value in a few hours.

When the crypto has high Total supply, like more than 250m (https://coinmarketcap.com), the price increase very slow.

Look for Cryptos that your price is below a one dollar. They are potential Cryptos to double their value. But, escape cryptos like Ripple that your total supply is of billions of units and it will take long time to grow.

Study the historical 24-hour volume of the Cryptos that you have found with potential, if have a volume above 100,000, you should keep an eye out.

On the Cryptos charts that you can see on the same site as the first step, see how often it doubles its value and if this has happened for a long time.

Search the Bitcoin Talk of the Cryoto you are studying, how many pages they have, when it was the last time someone commented on this Crypto and if they have any announcement ad for the next few days. If have something new in the road map for the next few days, make a note to buy before the announcement day.

Enter the website of the Crypto to know if the site has more information, if they have the photo of the team that is developing the currency. I always believe in the ones that have the team. If I do not see photo or information about the project team I do not invest, it can be fraud.

Join Cryptomedia Twitter, see how many followers it has, if they have more than 5 thousand is a project that has a large community. See when they had last tweeted. If it is more than months, this may be an indication that the Crypto is dead.

Make an Google spreadsheet and put all the information above for each Crypto and enter daily into Bittrex, see which Crypto has growed value more than 50% on that day and write down in the spreadsheet the name and date that had that change value, after a time you will have a list of information on the Cryptos that most has the potential to double your capital.

Most trades lose money because they invest in the Cryptocoins because someone has said it will rise. This is wrong, if you invest and fall, maybe never go up again at that price you bought. So do your research.

[shaun98]

Check out coinmarketcap and pick out coins you think are interesting. Once doing so, check out their website and read their whitepapers. Also, it is good to research their team and see their presence on social media. Usually, good projects are very interactive with their communities on social media and provide lots of update.