Investing in cryptocurrencies

[Beloussovski]

Currently working on a web application that will help cryptocurrency enthusiast with what cryptocurrencies to invest in and how to allocate between each cryptocurrency. But before I get too far ahead of myself and start building something, I wanted to see if other shares the same problems.

[covfefe_]

Currently working on a web application that will help cryptocurrency enthusiast with what cryptocurrencies to invest in and how to allocate between each cryptocurrency. But before I get too far ahead of myself and start building something, I wanted to see if other shares the same problems.

Making a conclusion would be difficult. It would be better if you focus on a all round cryptocurrency comparison and trading tools. People should be able to filter and order the coins according to their choice with options of age, price for time period, change for time period, circulating supply, current supply and nature of coin.

[Beloussovski]

Thank you covfefe for your feedback. Don't you feel like such service is already provided?

[zypa]

That website will surely help a lot of people. Looking forward to seeing it. Best of luck!

[Kanapka]

Buy bitcoins may be a problem, some people may not trust exchanges

[YellowRiver]

According to my views nowadays we need that type of websites. There really the need that more and more sites come and elaborate about crypto currency because with that this community will increase and if this community will increase then this platform will get success and will be an establish place and bitcoin will get it's success.

[TagaMungkahi]

I voted for too many scams, let's speak the truth here, it is really hard to trust this ICOs ( which you can see that almost daily they are posting on altcoin announcement thread) I'll trust them if they can create a signature campaign that pays Bitcoin. With that step i think they will gain the trust from the investors.

[adam1230]

Can you please give some more info about your service? Maybe teaser about how is it going to work and what technical data you are focusing to analyze currencies?
Tradingview is doing good but need more authors for crypto currencies.

[13abyknight]

Currently working on a web application that will help cryptocurrency enthusiast with what cryptocurrencies to invest in and how to allocate between each cryptocurrency. But before I get too far ahead of myself and start building something, I wanted to see if other shares the same problems.

You're working on a seemingly difficult project to pull off because of a couple of reasons. Firstly, the current altcoin market has well over 1000 altcoins and it just keeps growing with more ICOs happening each day and it gets really hard to choose between coins. Secondly, even if you're sure about publishing about a potential upcoming ICO, there are always chances that it turns out to be a scam. Lastly, you would need to gain investors' trust in order to be even viable as they could plainly guess that you're pumping shitcoins.

[Wall-ET]

I voted for too many scams, let's speak the truth here, it is really hard to trust this ICOs ( which you can see that almost daily they are posting on altcoin announcement thread) I'll trust them if they can create a signature campaign that pays Bitcoin. With that step i think they will gain the trust from the investors.

sorry for the offtopic but first this:

What do you mean "that pays Bitcoin"?


and now on topic:

This is cool idea, I think the most big problem is that there are not easy accessible wallets for the altcoins, so you can have the private key.
This is the biggest problem for me, as I can not trust exchanges with my coins, and it is hard to make wallets for all the altcoins.
So this is the biggest problem for me. Also not small problem is the scam that comes with new alts...

But this idea is really cool and I hope you develop it good.

P.S.: IDK why but can not vote on the pool

[renes]

Lack knowledge and experience is big problem. People don't know what they are investing in. Predicting the future of coins is difficult because of this.

[Beloussovski]

Can you please give some more info about your service? Maybe teaser about how is it going to work and what technical data you are focusing to analyze currencies?
Tradingview is doing good but needs more authors for cryptocurrencies.

Sure, so I'm still early stage in developing a solution and really want to first hear problems before I make a solution. But here is my idea - I create several kinds of portfolios - Simple one -> holds major cap coins and only rebalance twice a year / -> more advanced portfolio analyzes top 100 coins and picks and rebalances portfolio frequently (maybe bi-weekly etc. depends on backtesting results) / -> Aggressive portfolio focusing on smaller cap coins and more frequent rebalancing.

To analyze currencies: Use technical indicators (Momentum, RSI, MACD etc.), social engagement, GitHub activity, maybe using machine learning techniques (text-mining or K-means clustering). To allocate use own proprietary method.

It is to help people who don't have time to own research but wants to allocate their wealth to cryptos and still wants good returns.

[Soutogu]

To be honest, right now we lack good projects coming up. There are quite a few who are in development phase without a working product yet and MANY MANY shady ICOs popping up trying to grab some quick cash...

[CoinEmperor]

You're in a Bitcoin talk forum, basically everyone here knows about bitcoin, the blockchain, the altcurrencies, and other bitcoin related topics. I think the only replies you'll get from here are:

1) Too many options and
2) Too many scams

Because that is what we see everyday. In the announcement forums, we see too many coins launching every second, and too many scams launching every second.

These other options are not very good answers to begin with (in this community):

1) Lack of blockchain knowledge
Only newbies have this problem and newbies can't vote

2) Time Constraint
Well if people had a busy life and time constraints they would not be in this forum

3) Lack knowledge with trading tools
This might apply to some people here as trading even as an intermediate person can still be hard

4) Complications using crypto brokerages
Yeah this is an issue a lot of newbies may face, but again newbies can't vote

[TagaMungkahi]

I voted for too many scams, let's speak the truth here, it is really hard to trust this ICOs ( which you can see that almost daily they are posting on altcoin announcement thread) I'll trust them if they can create a signature campaign that pays Bitcoin. With that step i think they will gain the trust from the investors.

sorry for the offtopic but first this:

What do you mean "that pays Bitcoin"?


and now on topic:

This is cool idea, I think the most big problem is that there are not easy accessible wallets for the altcoins, so you can have the private key.
This is the biggest problem for me, as I can not trust exchanges with my coins, and it is hard to make wallets for all the altcoins.
So this is the biggest problem for me. Also not small problem is the scam that comes with new alts...

But this idea is really cool and I hope you develop it good.

P.S.: IDK why but can not vote on the pool

"That Pays Bitcoin" means that There are Signature Campaigns that PAYS in TOKEN ( their own token or coin ) which somehow other TOKEN ICOS that has this kind of signature campaign that pays via their own token or via stakes are SCAM, Sone ICOs with Signature campaign pays BTC or bitcoin and not via stake, With this kind of strep i said that the trust of the community will be gained. There are rare number of ICOs with signature campaigns that pays btc and not altcoins/stakes/token.

[Spoetnik]

Why would you choose to "invest" in this bullshit over other options ?
And when i say 'invest' i use that term loosely.  

You *could simply put your money into a bank savings account.
You could participate in a regulated stock market.. and get professional trade advice.

What is it that makes you all flock to this unregulated scammy retarded bullshit ?
If you want to "invest" maybe Google search what a sound investment is.
I can tell you right now people that now what they are talking about will not advise...
"investing" in unregulated scammy shitcoin ICO clone gimmick tokens  

Me ? I think it's a tornado of fraud and children.
Either or.. preying on each other.
None of them with a shred of integrity.

People with class & integrity would not be involved in this idiotic bullshit.

[Beloussovski]

You're in a Bitcoin talk forum, basically everyone here knows about bitcoin, the blockchain, the altcurrencies, and other bitcoin related topics. I think the only replies you'll get from here are:

1) Too many options and
2) Too many scams

Because that is what we see everyday. In the announcement forums, we see too many coins launching every second, and too many scams launching every second.

These other options are not very good answers to begin with (in this community):

1) Lack of blockchain knowledge
Only newbies have this problem and newbies can't vote

2) Time Constraint
Well if people had a busy life and time constraints they would not be in this forum

3) Lack knowledge with trading tools
This might apply to some people here as trading even as an intermediate person can still be hard

4) Complications using crypto brokerages
Yeah this is an issue a lot of newbies may face, but again newbies can't vote

Thanks for your feedback you are very much correct and I kept wondering why it was locked for voting, now I understand:). What platforms do you recommend me to reach out to that fits my options?

[anzach87]

I think is the future that why i choose to invest to the future. 

[Taskford]

The only problem that i am always dealing is the too many options. That is a problem for me because when i am planning to invest my money into cryptocurrencies, there is already a lot of options to choose from and that is the problem because it will cost more time for me to finalized my choices because i need to do some research first.

[Beloussovski]

I voted for too many scams, let's speak the truth here, it is really hard to trust this ICOs ( which you can see that almost daily they are posting on altcoin announcement thread) I'll trust them if they can create a signature campaign that pays Bitcoin. With that step i think they will gain the trust from the investors.

sorry for the offtopic but first this:

What do you mean "that pays Bitcoin"?


and now on topic:

This is cool idea, I think the most big problem is that there are not easy accessible wallets for the altcoins, so you can have the private key.
This is the biggest problem for me, as I can not trust exchanges with my coins, and it is hard to make wallets for all the altcoins.
So this is the biggest problem for me. Also not small problem is the scam that comes with new alts...

But this idea is really cool and I hope you develop it good.

P.S.: IDK why but can not vote on the pool

Thanks for the feedback! Would you be willing to create an account on a platform and send your BTC/ETH to this account. Then choose a portfolio from a selection of portfolios and the platform would buy this portfolio for you, manage it, rebalance etc. for a small commission fee (% of your BTC/ETH)? Would there be a way for you to trust your coins on a platform?