Factors to consider to pick the best altcoin

[PaoAj]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

I've learned a lot of things to watch out for, for being in the alt space for several years now watching successful projects rise, and scam projects run. What's important is DYOR, learn about the project, the team, is their roadmap doable, etc. Also, IEO is another avenue that you can look into. Seen one that sold out their private sales and their IEO at the same time, that's a big yes for me already since they already have the funding to push the project out.

[chichidori]

Most of the suggestion are use case, strong community and committed devs, but as you can see a lot of token or mostly all of them are not yet in use to purchase any merchandise, my suggestion its better to invest on ETH or Bitcoin and if you have a spare change you can always pick the top coins on CMC there are no best altcoins, suggestion may influence your next buy but at the end it will be base on your research and preference of a certain altcoin.

[Jpti]

You already have the best coins, bitcoin and ethereum which will give you much profits over time as the market is growing and bitcoin and ethereum are also increasing in price. If you want to make investment in other coins, you may consider new coins which are hitting or about to hit the market. There are a lot of good new coins. Some of them is Sessia.

[guoyu78]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

If they are new coins, the simple factor would have been for you research deeply on the project first and ensure they are proposing a working product, then you move down to the team to see if the team are qualified business men and women through their past experience, then also ensure that you invest in projects that has team who are transparent and not anonymous, but to really get any of these in new project now is had and if you have to invest, wait till after presale and monitor their progress first.

For now, the best way to secure a safe and proper investment would be for you to just go for alts that are already doing fine in the market, I mean you pick within the top 20 altcoins who are quite cheap and also has not reached their peak yet.

[mammoniter]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

I think the best way to identify a good altcoin is their performance in the market. Check their price fluctuations and see if they have potential. Next thing is to check their platform or project itself whether its functional and user friendly. You can also check their ranking in coinmarketcap. The most important thing is to invest an amount you can afford to lose

[andika2018]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

If they are new coins, the simple factor would have been for you research deeply on the project first and ensure they are proposing a working product, then you move down to the team to see if the team are qualified business men and women through their past experience, then also ensure that you invest in projects that has team who are transparent and not anonymous, but to really get any of these in new project now is had and if you have to invest, wait till after presale and monitor their progress first.

For now, the best way to secure a safe and proper investment would be for you to just go for alts that are already doing fine in the market, I mean you pick within the top 20 altcoins who are quite cheap and also has not reached their peak yet.

Its hard to pick a good coin in market but its much easier if we choose from top 20 in coinmarketcap. There is more than 2000 altcoin and its impossible making research altcoin one by one. Better choose top altcoin with big transaction volume

[Register13]

Ofcourse to pick the best altcoins for our investment, we have to make a good plan like reviewing our target alts. Becaise if dont make any plans studying this alts we are just making our time worthless. So to have the best alts like the dencoin tokens we have to make a review about the projects, and on how was it going to benefit us. So with this, we cam avoid being scammed especially this days that scammers are also fast in growing to trick people and steal their money.

[trauchot]

If you want to invest in cryptocurrency, then, if not to lose your money, you have to invest in the very top altcoins that rarely fail, so you need to wait for a suitable entry into the cryptocurrency market, best time of course when the market falls.

[john alex young]

If you hold BTC and ETH until now, it's very good especially BTC. That will make you receive a smile someday. The consideration that must be taken is consistency like ETH

[RapTarX]

If you hold BTC and ETH until now, it's very good especially BTC. That will make you receive a smile someday. The consideration that must be taken is consistency like ETH

Dude, read the whole thread and reply on topic. Just don't post for the sake of completing the weekly figure. My bad that I didn't lock the thread. Thread locked.