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Author Topic: How to Spot a Promising Altcoin (Price Wise) READ DESCRIPTION FIRST  (Read 1335 times)
Theb (OP)
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April 14, 2017, 08:23:32 AM
 #1

I am quiet new in the Cryptocurrency World but I am no stranger to the Stock the Stock Market. I have been Investing in it and I know what I am doing the only problem is

Questions
1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)
2. How to analyze an Altcoin Fundamentally Speaking?
3. What are the indicators that it is an Altcoin for growth?

I hope you answer my questions properly as I am a willing investor to diversify my portfolio outside of the Stock Market.

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Theb (OP)
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April 14, 2017, 08:24:56 AM
 #2

To Add to my Question

Are there any reliable News Feed other than this Forum on where I can based my research on about Altcoins? Because I don't think I have better options besides this website? Please share to me the Websites you that you know of that can help me about Altcoins.

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April 14, 2017, 08:26:21 AM
 #3

get some ark on bittrex

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April 14, 2017, 08:34:31 AM
 #4

From my understanding, Promising Altcoins are altcoins that has a product that the Market can find interesting. But Having a Product isn't the only requirement. Another criteria is having strong community support. Once there are people from the community that finds it interesting to buy, The price will surely go up, even If it doesn't go up quickly.

Unlike Shitcoins whose only purpose is to pump, pump and pump then It'll dump till 1 sats, such coins have no product or community support.

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April 14, 2017, 08:37:49 AM
 #5

To Add to my Question

Are there any reliable News Feed other than this Forum on where I can based my research on about Altcoins? Because I don't think I have better options besides this website? Please share to me the Websites you that you know of that can help me about Altcoins.

Sometimes a better way to find the answer is to rephrase and simplify your question.  I guess what you should be asking is, 'What cryptocurrency projects would still be around after 10 years?'

I've been thinking about this as well and the answer all points to the quality of the developers, the people supporting those developers and the actual work done in the project.


R


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April 14, 2017, 08:42:48 AM
 #6

Check first the credibilty and reputation of devs by doing a background research for their past project so that you can see if they have skills to made a successful Altcoin. Then check the investors or their target market if they have a good source of possible investors. Then at last. Study carefully their whitepaper so that you can know what are their goals. If their goals catch your interest then that is the sign that the project has a potential. Goodluck mate.
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April 14, 2017, 09:39:01 AM
 #7

get some ark on bittrex

tool late!!!
ark is already to the moon!!!
but if you want to buy, take a look here...
https://bittrex.com/Market/Index?MarketName=BTC-ARK

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April 14, 2017, 09:49:59 AM
 #8

get some ark on bittrex

tool late!!!
ark is already to the moon!!!
but if you want to buy, take a look here...
https://bittrex.com/Market/Index?MarketName=BTC-ARK
See here is the problem I specifically asked HOW, I did not mention anything about mentioning some Altcoins without even explaining why is it a good coin to position your money with. Please read the description first before supporting one another with this senseless post.

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April 14, 2017, 10:04:50 AM
 #9

I am quiet new in the Cryptocurrency World but I am no stranger to the Stock the Stock Market. I have been Investing in it and I know what I am doing the only problem is

Questions
1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)
2. How to analyze an Altcoin Fundamentally Speaking?
3. What are the indicators that it is an Altcoin for growth?

I hope you answer my questions properly as I am a willing investor to diversify my portfolio outside of the Stock Market.

1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)

i only invest in coin that have new algo and dev is active with nice features, these are good indicators, but remember that all altcoin are pump and dump in the end

2. How to analyze an Altcoin Fundamentally Speaking?

i analyze altcoin, with their specs, they parameters are very important for me, block time reward and how much premine for the dev, and if this premine is justified

3. What are the indicators that it is an Altcoin for growth?

if dev deliver always somethign enw, you can be assured that the coin will grow

.
SPIN

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April 14, 2017, 10:18:28 AM
 #10

1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)
all of the existing altcoin are pump and dump so this question is moot.

Quote
2. How to analyze an Altcoin Fundamentally Speaking?
this is such a broad question, i am afraid the only answer that i can give to you is to advise you to learn fundamental analysis! but that may not be the best thing you can do with altcoin investment.

Quote
3. What are the indicators that it is an Altcoin for growth?
hype!
if there is enough news and big exaggerations out there about that altcoin, that means that atlcoin will rise up (get pumped) and you can invest in it. there are technical analysis you can also do on the charts but this is altcoin trading we are talking about not a real legit market with little to no manipulation!

Holding Bitcoin More Every Day
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April 14, 2017, 10:47:30 AM
 #11

First of all everything is gamble!

Alts are bounded by BTC and everything happen to BTC will affect them!

It is very hard to find one!

Majority of them are  crowdfundings and collected money  spent in most cases as dust thrown in the eyes of investors.
Funds collected as donations are not for long term, actualy this is not serious investment.
Etc..
 Cool
Only coins than have serious plans for future development and plans how to accomplish them (funding plans) can be taken seriously!
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April 14, 2017, 10:58:24 AM
 #12

1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)
all of the existing altcoin are pump and dump so this question is moot.

Quote
2. How to analyze an Altcoin Fundamentally Speaking?
this is such a broad question, i am afraid the only answer that i can give to you is to advise you to learn fundamental analysis! but that may not be the best thing you can do with altcoin investment.

Quote
3. What are the indicators that it is an Altcoin for growth?
hype!
if there is enough news and big exaggerations out there about that altcoin, that means that atlcoin will rise up (get pumped) and you can invest in it. there are technical analysis you can also do on the charts but this is altcoin trading we are talking about not a real legit market with little to no manipulation!
I think Hype can be translated to Demand. But the real question is why is other Altcoins have bigger or greater demand compared to another one? There is always a reason why is it having a better value aside from the hype. I mean you can hype it up all day but only a few will succeed in terms of its price.

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April 15, 2017, 07:31:43 AM
 #13

Up on this one, we reallly need to put a light into this kinds of topic because it will provide us newbies the knowledge we need in order to succeed Altcoin Trading. I really hope you put some thought into your answers.

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April 15, 2017, 07:43:45 AM
 #14

I am quiet new in the Cryptocurrency World but I am no stranger to the Stock the Stock Market. I have been Investing in it and I know what I am doing the only problem is

Questions
1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)
2. How to analyze an Altcoin Fundamentally Speaking?
3. What are the indicators that it is an Altcoin for growth?

I hope you answer my questions properly as I am a willing investor to diversify my portfolio outside of the Stock Market.

1. You don't. You don't know anything, can only go with your best guess. Every legitimate project looked like a scam to someone.
2. Does it have open source code? review it or have it reviewed. Determine if it's copied, viable, etc. Look at the team behind it. Are they real people? Do they have social media? Is their social media brand new? Do they know industry insiders? Do those industry insiders know them? What will this coin be used for that BTC doesn't already do?
3. Low initial ICO price. Active development team with experienced developers. Unique concept, own codebase, etc.

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April 15, 2017, 07:45:28 AM
 #15

To Add to my Question

Are there any reliable News Feed other than this Forum on where I can based my research on about Altcoins? Because I don't think I have better options besides this website? Please share to me the Websites you that you know of that can help me about Altcoins.

I use my Google Now to keep up on news. By subscribing my interests to Cryptocurrency in general I get articles about all kinds of currencies. Unfortunately, the majority of these are promoted. The most popular ones seem to be Hacked and The Merkle, but there are many others. Hacked wants me to pay for a membership so I generally don't end up reading their articles.



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April 15, 2017, 07:55:20 AM
 #16

You will need to take a time to research about the coin, why this is coin is different to other, the developers are active? that type of questions will lead to a good investment.
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April 15, 2017, 08:01:41 AM
 #17

1. How do I know that this Altcoin is a good altcoin to invest in? (Not another Pump and Dump)
all of the existing altcoin are pump and dump so this question is moot.

Quote
2. How to analyze an Altcoin Fundamentally Speaking?
this is such a broad question, i am afraid the only answer that i can give to you is to advise you to learn fundamental analysis! but that may not be the best thing you can do with altcoin investment.

Quote
3. What are the indicators that it is an Altcoin for growth?
hype!
if there is enough news and big exaggerations out there about that altcoin, that means that atlcoin will rise up (get pumped) and you can invest in it. there are technical analysis you can also do on the charts but this is altcoin trading we are talking about not a real legit market with little to no manipulation!
I think Hype can be translated to Demand. But the real question is why is other Altcoins have bigger or greater demand compared to another one? There is always a reason why is it having a better value aside from the hype. I mean you can hype it up all day but only a few will succeed in terms of its price.

Without comparing certain coins it's hard to say.

ETH is strong because it has a strong community behind it. If you're going to dump your coins there is always someone there that's willing to pick it up. If you play the market you already understand how this works. It has a strong community behind it because it has constant development and updates. Because the people behind it are fully-focused on it and hold many different meetups and whatnot. Because the codebase is unique and what they're offering is/was too. I don't have any ETH, but I wish I bought it in the crowdfund at $1 per coin. I don't think I was even registered on the forum yet, though.

How about DASH? Or Monero? Well. All I can say is that a lot of the coins that came out in 2014 are starting to see a rise now, maybe that's the sweet-spot we can look for in the future. 2 - 3 years of active development and a coin will start to show it's true value? Maybe. I stopped mining DASH when it was still DRK because it seemed like a waste of time. Wish I never stopped. I didn't buy Monero because it was already $1 at the time and I wasn't looking into it enough, more regret. Monero again was a unique coin. So was ZEC. I don't know about DASH. The most common thing I find among coins that break that $20 barrier is they have something especially unique about their code.  

Altcoins that have less demand have different reasons based on the coin. How long it has been around, who is behind it, what they offered the market, if they stuck around, total supply of the coin, mining rewards, pos rewards, premine, etc. The reasons are endless. That said, most people will diversify as much as they can and hope for a winner. Winners will pay for the losers, ideally. As I'm sure you already have learned from the stock market.

Making 100% is quite easy in crypto, but much harder in the stock market. Even a 1 satoshi coin can be profitable. If I had the money I would be investing in almost every ICO, even if it looked like a scam. Why? Because you really can't know what will happen in the future. A coin that starts out as a scam might end up with a different developer and worth 100x what you paid for it.
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April 18, 2017, 11:31:03 AM
 #18

Really need to be updated on this thread as I am too a bit inexperience in terms of Altcoin trading. As of the news lately some Altcoins are really profitable the problem is how to spot it before it actually rises. In the stock market we are provided with a lot of information, however in the Altcoin world you only have the [ANN] thread of the Altcoin to be updated. I also wonder how its Dev Team can affect its price growth. I really hope an expert in trading put a sensible post here. Smiley
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