How to choose good coin!?

[pkdas]

Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?

[1714107411]

1714107411

[1714107411]

1714107411

[trecore4]

That's a good question.

You should always check for -

Historical Data of coin
The project concept behind the coin.
The team involved in the project.
The roadmap and current status of the project accordingly.
Whether coin is part of pump and dump group if yes then join it.
The traded volume of the coin and market capitalism for it.


All these and many more factors will define the goodness of coin if they are on the positive scale. You can't just make it short investment but the longer one to get hold on that particular coin.

[rei_m]

Also take supply/demand into consideration. Keep an eye on new coins that have a limited supply and are relatively cheap compared to other more established coins with similar supply limits (e.g. dash, btc, xmr). And like @trecore4 pointed out, volume and market cap is important. No use buying something that you can't sell.

[coleman268]

Market Cap
Team Behind the coin including investors
Volume
White Paper
Road Map

[Gameflip ICO]

You need to pay attention to market cap, price, position on the list and where it is traded.

[error08]

It's different between new coin and famous coins such as ethereum, dash and monero. If you want to invest in potential coins, don't worry to invest in those potential coins as it has been proven reach certain price, as long as you don't buy it at the peak. But, if you're looking for cheaper coins, it will be more tricky, the criteria has been mentioned above such as devs team, idea of those coins, road map, and how it will be developed in the market for long term. The problem is, there is no guarantee if those coins could rise instead of dumped after listed on trading platforms, you have to be patient and waiting for months after buy new coins on pre-sale or ICO.

[Aleister Crowley]

all altcoin was nice., all have a good future with the development of the digital age,. but there are some coins that can provide quick acceleration to trade,, I prefer: eth, dogecoin and bitcoincash .. because only 3 such coins which has been giving me big income with trade,,. these three coins have accelerated up to more than 10 times,., this is what makes me love the 3 coins..

[richminded]

Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?

Trading is easy if you want to loose your money, you have to changed that mindset because trading is very risky. It can loose your money for just a second and before you make money on trading you should know how to use indicators, it really takes time to become professional on trading but work for it so you can pick a good coin and earn money from that.

[wildflower18]

At first to choose altcoin which is good is hard at first. But in order for us to earn profit in the way iit is necessary to verify which is good coin to invest. We have to thoroughly check the roadmap, behind the team's project, development of the coin, and ofcourse its supply is a plus. These would help in choosing good altcoins.

[bubblebit]

There is a telling point on how the coins look good.

When the developer/team and members of that coins is legit/professionals and well known in cryptocurrency
community).
When they give time and importants to graphics, whitepaper, websites, application and et al.
When they spend for bounty campaigns and social media campaigns.
When you feel they have sincere intentions and goal (subjective).

That’s my own way on determining what is good or bad, it might not be formal way of research. It just my observation and opinion.

[Efta321]

It's different between new coin and famous coins such as ethereum, dash and monero. If you want to invest in potential coins, don't worry to invest in those potential coins as it has been proven reach certain price, as long as you don't buy it at the peak. But, if you're looking for cheaper coins, it will be more tricky, the criteria has been mentioned above such as devs team, idea of those coins, road map, and how it will be developed in the market for long term. The problem is, there is no guarantee if those coins could rise instead of dumped after listed on trading platforms, you have to be patient and waiting for months after buy new coins on pre-sale or ICO.

thank you sir, your answer helps us a bit our beginners become a little know with the existing knowledge share.

[jeraldskie11]

For me, to know how legit the coin that we choose is to look at their community on how many supporters for this coin and the developers also need to be more active. To know that, I will look at their twitter or their announcement thread here in bitcointalk. But sometimes, even their community are very strong but their trying to run investors money. So we need to careful and double check the coin when we are doing an investment. I prefer you to choose on the top markets.

[mrcash02]

For me, to know how legit the coin that we choose is to look at their community on how many supporters for this coin and the developers also need to be more active. To know that, I will look at their twitter or their announcement thread here in bitcointalk. But sometimes, even their community are very strong but their trying to run investors money. So we need to careful and double check the coin when we are doing an investment. I prefer you to choose on the top markets.

It's true, must see if there is a professional job behind the coin, if its purpose is really useful and makes sense, if you see many people looking for news about this coin, if there is a good feedback about it (what means there is a high chance to have nice demand). Or you must find the HOT currency of the moment, what is too risky... That very speculative currency that everyone is looking to make profit with fast bump/dump.

[bitcoin31]

If you a trader you can see the good coin and potenyial base on the feedback of the investor. And you can see the project so we can see if the coin have potential to increase the price in the future. So be careful of what coin you buy because they have possible the your bitcoin lose if you choose altcoin that not have potential. But we dont know what actual happen to altcoin that you bought even they have potential it depends on the demand on the market.

[hajimasan]

Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?

You are talking about the better trading ( your opinion vs another person thinking about it ) .
Here in the trading only two things works well , first is the luck , if your luck is better then surely you will be able to make big earnings easily in any coin but here you have not a better luck then surely you will needed lots of knowledge and understanding that will.make you Able to choose better coin for the long term investment , you will needed to understand that which coin is going in which range of price and what will be better time to buy and what are chances to increase the price , these will make you to make profit easily .
And a big thing you will needed in this field is the patience , if you will have patience then surely in the future you will be able to get profit in any coin surely ( whatever the price at which you bought Because every coin of having better technology will jump to high price ) .

[maydna]

actually with some watching the chart in every exchanges like poloniex and bittrex is enough to search there is a good coin or not. because if we see the chart of each coins, there will be a gap of the price that we can use to pick the right coins and how fast the movement of the coins. if its fast, then we need to search medium speed of buy and sell position but its have potential to increase although its only small satoshi. usually i use coinmarketcap to see how is the volume and the position of the coins and then i will watching the chart in the exchanges and if i can join to the party then i will buy and sell if the price is increase. small profit is enough for me but i can do over and over more than 5 times, my profit become bigger too.

[camelson]

Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?

Well you can check number of things before investing or trading a coin, first of all the project itself, then usage of that project and innovation it has in it. Team also play a very important role in deciding a project success. After all that check the market trends of that coin on different exchanges then you will have an idea about the price up down. then invest and wait for some time and earn profit.

[MMS2017]

The good coin is that which is easily acceptable everywhere and has normal elasticity of demand and supply if a coin has limited supply that is good. For a good coin it is also keep in mind that if a coin is legalized in a country that will be easily used for transactions. If we look at the bitcoin it is highly famous now and used easily for many transactions now it is also used for online purchases of games etc.

[lincolnmad]

Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?

Go to the ANN thread of that coin, join telegram and watch the updates. You need to up to date about altcoin to know which coin that good to trade. You also can find many informations about cryptocurrency on some sites like cointelegraph. Also always watch the market!

[Mister1k]

Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?

Trading is easy if you want to loose your money, you have to changed that mindset because trading is very risky. It can loose your money for just a second and before you make money on trading you should know how to use indicators, it really takes time to become professional on trading but work for it so you can pick a good coin and earn money from that.

I think good coins are high secured, high value and high demand in current market. First we should know about the cryptocurrency chart status. This will help to choose a good coins. The chart status duration period is one month report. First we must see which coin is reduce in last month. How it is go down in market. Then we must see about a which coins are raise up in current market. Then we should schedule which is better to invest for future.