How to find a profitable alt coin?

[arwin100]

Recently there are a lot of new alt coin and most of them are scams, but there are also some profitable coin on the market,how you find if the coin is worth to invest or not?

Actually it hard to know what coin is profitable you will learn it by yourself find a good coin, the many mistakes you do that the moment that you really learn need to know if the dev is active and many plans for their own coin.

The only thing i do in yobit about new coins are buy at the very first release and trade it when it sudden price up because the coins listed their and untrustable because any time it could be dump and die since yobit accept scam coin thats why i dont do really any hodling the new comes listed in their, and one thing we must consider to know if the coin could have high potential to be profitable in the long is when devs are active and have many projects to made to lift up and also made many advertisement just to make his coin to be known just like Draco for example.

[gilangIDR]

look altcoin which has good prospects. see the blue print of the developer coin. how their vision and mission. how the coin market works. and how the coin will be released. if it saw a good prospect that we could invest in the altcoin.

[robelneo]

Definitely projects and road map are two of the best components or features that a coin should have for it to succeed,some coins are created only for pump and dump they did not implement their roadmap because they cannot really implement or launch it..

[phreaky]

Definitely projects and road map are two of the best components or features that a coin should have for it to succeed,some coins are created only for pump and dump they did not implement their roadmap because they cannot really implement or launch it..

Roadmap and the fact if the developers are known, addresses, reputation etc. it gives you a way that he or she is not dark.
Dark developers (no info about them) are a guarantee for a scam to happen.

[outatime1]

This is hard for me too. It seems that when a new coin is introduced to an exchange, sometimes the price spikes high for a couple of days and then drops way down and never goes back up. There are very few that stick around. I think the best thing for me is to wait until there is some positive press about a particular altcoin before I put money into it.

[angaper]

When you look for an altcoin, you should look for the one that offers you more advantage features to carry out with better proficiency your transactions. Looking for a"profitable " altcoin is a clear sign that you are not actually looking for efficient features, but for emergent opportunities to pump and dump.

[ultrloa]

This is hard for me too. It seems that when a new coin is introduced to an exchange, sometimes the price spikes high for a couple of days and then drops way down and never goes back up. There are very few that stick around. I think the best thing for me is to wait until there is some positive press about a particular altcoin before I put money into it.

Finding profitable coin really is very hard to find since their are so many alts existing today, but really for my choice i select those old alt with stable price and flactuating frequently so i can make sure that i can monitor the flows and i will not be left behind if i am away, and for those new coins i reaIly doubt to buy and hold it for many days since high possibilities for new coins are easy to dump since many devs make some coins just intended for scam purposes only.

[OrangeII]

before buying altcoin right, you should seek information about altcoin it. so many ways to search on the altcoin information from the official site, up in the forum is also very much to provide information about it. apart from that you also need to look at the volume of altcoin it, if indeed the large volume and in accordance with the information you get I think it would be very meguntungkan altcoin. if the price drops, maybe you'd better buy it, because if it is altcoin good, you can get a profit from it

[Pursuer]

any altcoin can be profitable as long as it has a decent daily trade volume and also as long as it is being pumped. because who cares about other stuff as long as you can buy that altcoin at bottom or on the way up and sell it on top.

but some factors may help finding good altcoins:
1) a good and active developer(s)
2) community support
3) good code with no bugs
4) having some real world applications is also good but can't be found easily.

[Red-Apple]

Recently there are a lot of new alt coin and most of them are scams, but there are also some profitable coin on the market,how you find if the coin is worth to invest or not?

you should first check out the altcoins announcement topic on bitcointalk to find out more about that specific altcoin. then you should read some of the feedbacks to see how things are with the community and most of all look how its dev team is working on the project. this way you can find how good or bad the altcoin is to some extent.

[Newcoins2020]

any altcoin can be profitable as long as it has a decent daily trade volume and also as long as it is being pumped. because who cares about other stuff as long as you can buy that altcoin at bottom or on the way up and sell it on top.

but some factors may help finding good altcoins:
1) a good and active developer(s)
2) community support
3) good code with no bugs
4) having some real world applications is also good but can't be found easily.

The community is one of the main factors. Suppose the coders are not very good, the community 9/10 times make sure budget will come for development.
The more active the community the better the coin will do.

[arwin100]

any altcoin can be profitable as long as it has a decent daily trade volume and also as long as it is being pumped. because who cares about other stuff as long as you can buy that altcoin at bottom or on the way up and sell it on top.

but some factors may help finding good altcoins:
1) a good and active developer(s)
2) community support
3) good code with no bugs
4) having some real world applications is also good but can't be found easily.

The community is one of the main factors. Suppose the coders are not very good, the community 9/10 times make sure budget will come for development.
The more active the community the better the coin will do.

I agree with the community support but there are thing that i was looking for to know that the coin will be profitable in the long run like devs have future plans to make usefull project to make his coin known, good marketing strategy so the coin would get more exposure to traders and lastly the dev is transparent enough and have budget to support his coin interms of downfall so he can lift it up and make it alive.

[OrangeSeller]

well, when you decide to get involve in altcoin trading then you need to know lots of things first. see the market and the price chart.
right now I am addopting CryptoJackscoins. it started recently and rocking the market. I don't know what will happen in future but till then they increased alot.

some other altcoins I like:

Lisk
Wave
Etherium
Cryptobullion.

[bitcoinbox]

I think the profitable altcoins are the ones generating the biggest volumes on the major exchanges. I mean not big volumes for a day or two but constant big volume. For example the top 10 largest volumes on Poloniex are (to me) the most serious altcoins.

[btcking101]

any altcoin can be profitable as long as it has a decent daily trade volume and also as long as it is being pumped. because who cares about other stuff as long as you can buy that altcoin at bottom or on the way up and sell it on top.

but some factors may help finding good altcoins:
1) a good and active developer(s)
2) community support
3) good code with no bugs
4) having some real world applications is also good but can't be found easily.

Nicely explained sir.But i think we need to get in depth with all the points that you provided.Me also never understand the theory begind this thats why i had to face some losses in trading then i left that.

[Babayega31]

well, when you decide to get involve in altcoin trading then you need to know lots of things first. see the market and the price chart.
right now I am addopting CryptoJackscoins. it started recently and rocking the market. I don't know what will happen in future but till then they increased alot.

some other altcoins I like:

Lisk
Wave
Etherium
Cryptobullion.

You can add Stratis it has good dev with promising project and i think that coin have high potential since there ico takes long days so possible that the price of it well be soar high after distributing the coins in the exchange and also xaurum rico is one of good coins next to bitcoin now there launching there new coin and that must be worth to wait since their old one currently have priced at 0.6 btc in ccex and im very sure their new coins well be worth higher when it is released.

[bitcoinisfurture]

I would suggest to stay away from the alt coin if you looking for long term. Bcoz n number of coins are in market and many have vanished as well. And many have value next to zero. In short term if you invest in 10 coins - 3-4 will yield you profits and rest 

[Dank14]

Yocoin is a good altcoin...

[NetFreak199]

Recently there are a lot of new alt coin and most of them are scams, but there are also some profitable coin on the market,how you find if the coin is worth to invest or not?

All altcoin had a risk if you want to earn take a risk it would be better if you friend that will guide you

[samcoin]

The best altcoin now a days is LIR , look at its price chart , it is steadily increasing , if you want to invest , buy it from yobit now , because the price will rise up soon when Poloneix add it , this coin is related to a dice platform which accept LIR and Bitcoin , and the LIR dev team is very effective .