What is your best strategy to determine if the coin will be profitable?

[KuromaYoichi]

If you want to determine an ICO coin, just read the whitepaper and determine the idea is possible or not, then wait until the ico start to see if there's a lot of demand for the project. If the hype is huge, you can make a quick profit after the ico finish and it hit some exchange. If it's an already exist coin, see the ann and read the roadmap and the dev is active or not. Last, see the chart at the exchange.

[zidanw]

I would rather see the volume and development of the coin through their social media or website ico, for example if in social media they post something interesting like cooperate with whatever it's worth reckoning or you can see their ico thread in bitcointalk altcoin Announcements (Altcoins).

[BlackPanda]

I would rather see the volume and development of the coin through their social media or website ico, for example if in social media they post something interesting like cooperate with whatever it's worth reckoning or you can see their ico thread in bitcointalk altcoin Announcements (Altcoins).

I agree with you . So we can imagine the future of the altcoin. if it has a good prospect altcoin by dev development course will be as optimal as possible. there will be a blue paper that explains all the things that the vision and mission of the altcoin.

[beerlover]

The active development from the entire team. Perfect way of spreading. Mainly a good number of coin generation than much bigger number which is not that easy to distribute. Very important one is the listing on the popular trading websites which is a must to the successful functioning of the coin with growth.

And a good idea behind the coin. Some time ago I saw a coin named concoin which had a terribly idea of giving the coins to the prisoners, I mean in what world you would think the prisoners are allowed to use crypto and coins ? Seriously insane !
So, along with team and the work there is another important aspect, the basic idea.

[Pamadar]

The active development from the entire team. Perfect way of spreading. Mainly a good number of coin generation than much bigger number which is not that easy to distribute. Very important one is the listing on the popular trading websites which is a must to the successful functioning of the coin with growth.

And a good idea behind the coin. Some time ago I saw a coin named concoin which had a terribly idea of giving the coins to the prisoners, I mean in what world you would think the prisoners are allowed to use crypto and coins ? Seriously insane !
So, along with team and the work there is another important aspect, the basic idea.

that's right uniqueness and the use of certain project to make sure that it will continue progressing so the value will rise up since the demands
coming from the target venue will be profitable for those early investors, i believe that reviewing what the project offered and how people around will be able to embrace the system.

[sana54210]

Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?

I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?

First I try to see if the coin has good liquidity and what exchanges is the coin listed at. You won't see a rubbish coin listed on most exchanges and liquidity won't be there at all.

But, that been said there have been coins that grew very rapidly and then got added to exchanges later on, I guess it's more about looking at the team and the people working behind the coin. If they are transparent and ready to interact with public it gives me a good feeling.

[PokerFace3]

You can't be sure 100% sure in trading. As far as i know trading is basically assumptions that the price is going to increase of decrease according to market movements. Trading can be done with ico coins also as there is a really high chance for a increase in price but it is really risky as there is a chance of losing everything.

Yes and that is the reason you see most of the people are always looking to hunt bounties then actually invest in the coins. I believe a coin that gives away too much during bounty or promotion time may end up being dumped.

If you would give away enough coins in the market to guys who just want to dump it then the coin might never gain success.

These are little things but impact the coin's growth on a large scale !

[mindrust]

If it gets listed on btc-e, than it is most likely to get a huuge pump. This strategy never fails, that's my observation over the years.

Sure coins like ftc and trc got delisted but before that they pump and dumped the shit out of them. I was laughing at dash when they listed it. It was 10$ or smth. Look what happened now. Same goes for eth. It was a 9$ coin.

It doesn't matter how shit the coin is, if it is on btc-e, a whale will pump it from time to time. Look NVC, it is one of the most shitty coins out there yet it went to 4$ from 1$ lately. And only a btc-e whale himself pumped it.  Impressive.

[Supercrypt]

There are so many guidelines here on bitcointalk that you need. Just keep reading and searching and you will find them. Try to look on altcoin discussion and trading discussion.

I think altcoin trading is quite a lot becoming like gambling. You don't know what would happen but one thing is different from gambling, you don't how how much your coins will grow, while in gambling the possible winnings are fixed. Although we can't predict correctly but some indicators can be used like if the coin is going up at a rocket speed then usually its good to invest some and quickly sell after a rise.

It doesn't matter how shit the coin is, if it is on btc-e, a whale will pump it from time to time. Look NVC, it is one of the most shitty coins out there yet it went to 4$ from 1$ lately. And only a btc-e whale himself pumped it.  Impressive.

You are giving strategy to identify the potential of an altcoin just based on where it is being traded. A new perspective. Only through strong and in-depth watch we can make conclusion, I am interested to go as per your strategy. Let me see how useful it would be.

[Wind_FURY]

I would rather see the volume and development of the coin through their social media or website ico, for example if in social media they post something interesting like cooperate with whatever it's worth reckoning or you can see their ico thread in bitcointalk altcoin Announcements (Altcoins).

Are you try to say that we should trust what the founders and the developers of the project behind the ICO fully, and taking no regard if they are scamming or not? Good luck with that. You are surely going to lose all your money.

[cpfreeplz]

Read the whitepaper. See if there is anything unique about the coin. If there is something unique is it something that will interest the masses? That's what I'm looking for.

[Sled]

My best strategy to find out what kind of altcoin will be profitable is by doing a lot of research about the top 10 altcoins in the market and also staying updated to the news of the altcoins and also by observing the charts if it is a down trend or not and i will just do those things very often and because of that i can buy at least a higher chance of a right buy and sell it to a decent price.

[dossantosleite]

Thanks for your all answers guys !
You gave many useful and interesting  tips.
I just want to start trading and get at least 1% roi each day, what you mean, its easy or hard reachable ?

[layoutph]

The best way to determine if a coin will become profitable is by investigating the people behind it. Also check for its business model. See whats the purpose of their coin.

[SHAWN-MIDWAYS]

1.just to add on what has already been said but an active team of the altcoin should be a good sign

2.Project has to have a clear cut plan on what they intend to offer to their users and has to be unique

The best way to determine if a coin will become profitable is by investigating the people behind it. Also check for its business model. See whats the purpose of their coin.

Knowing the people behind the project also helps from not involving yourself with the scammy devs and stay with the legit ones..

[Sled]

1.just to add on what has already been said but an active team of the altcoin should be a good sign

2.Project has to have a clear cut plan on what they intend to offer to their users and has to be unique

The best way to determine if a coin will become profitable is by investigating the people behind it. Also check for its business model. See whats the purpose of their coin.

Knowing the people behind the project also helps from not involving yourself with the scammy devs and stay with the legit ones..

Research is the best key for traders to have a successful trading performance in the market. Most of the scam coins are easy to determine if you don't find any information about the coin or the team then it is probably a scam coin or project, it is better to invest on a transparent project rather than anonymous because it is very risky.

[ASHLIUSZ]

1.just to add on what has already been said but an active team of the altcoin should be a good sign

2.Project has to have a clear cut plan on what they intend to offer to their users and has to be unique

The best way to determine if a coin will become profitable is by investigating the people behind it. Also check for its business model. See whats the purpose of their coin.

Knowing the people behind the project also helps from not involving yourself with the scammy devs and stay with the legit ones..

Research is the best key for traders to have a successful trading performance in the market. Most of the scam coins are easy to determine if you don't find any information about the coin or the team then it is probably a scam coin or project, it is better to invest on a transparent project rather than anonymous because it is very risky.

Go with the coins that have got listed to the popular exchanges. This will be helpful in separation of the scam coins, because trusted exchanges list only the familiar coins that grow in capital. Also looking the market capital too we can find the better ones.

[hajimasan]

Hello,

Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.

What is your best strategy to see if the coin will be profitable or not?

I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?

I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?

thanks

You are right , The article or news about the particular altcoin may have the increase in the price because more and more people again remember the coin and Invest to get Profit for future but reality in this case is that the increase in the price mostly take place only for small times .
So if you can take your hardwork​ about new new articles to find out about the particular altcoin then Ofcourse you can make better earnings .
But beside these ways there is another way for the earnings , just see the graph of the particular altcoin and see the base price of the altcoins and the condition on the current day , if you find that the price of that altcoin is really low of the month then just buy and put it at advance sell with increase of 20-30% , in this way you can make better profit .

[ethereumhunter]

1.just to add on what has already been said but an active team of the altcoin should be a good sign

2.Project has to have a clear cut plan on what they intend to offer to their users and has to be unique

The best way to determine if a coin will become profitable is by investigating the people behind it. Also check for its business model. See whats the purpose of their coin.

Knowing the people behind the project also helps from not involving yourself with the scammy devs and stay with the legit ones..

Research is the best key for traders to have a successful trading performance in the market. Most of the scam coins are easy to determine if you don't find any information about the coin or the team then it is probably a scam coin or project, it is better to invest on a transparent project rather than anonymous because it is very risky.

i am agree with you and for research we can do in many ways, one way that i know and already do is watching the movement from the coins that we want to buy. if there is a good spread price and i think i can join to the party, then i will buy the coins and if i have the coins, i will decide in how much i want to sell.

if you see there is scam coin or project and your feeling said that its not good to join with them, then don't push to join because you can not make profit from the coins and its better to search the other. although if to find the best invest for the project, i am sure if we want to search with careful, we can found one or more project so we can making good invest with their project.

[Viyamore]

To determine exactly what coin have a good roadmap see first its credibility in the market .Yes , research more further about it not only basing on their articles .Check the team foundation and its projects if attainable and in what exchanges this coin is available in that way you can see the potential of a good coin if so.