What Is The Problem You Experience When Analyzing Altcoins?

[btctuxedo]

As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.

Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.

There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.

These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.

[aquantivis86]

A nice consolidated feed of these social media outlets would be nice. Gotta filter spam somehow though.  Lets users control which feeds to add in. Not sure how to get the 'word of mouth' thing in there since you won't really know their update channel either.

[ir.hn]

usually a coin jumps 100-200% when it is unknown then a lot of people hear about it all at once.  So if you hear a new coin bieng talked about that you haven't heard before and it looks promising, then buy it right away.  Yenten is a coin I have been CPU mining and the value just rose about 5x in the last couple weeks because I was talking about it in viral posts I made in the main bitcoin forums.

[dealung]

for individual traders, today's market is hard to predict and if we do research, it often does not fit our expectations. many beginner traders are stuck with the current situation, they are only interested and think about the profits alone, without thinking about the risks.

[X-ray]

As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.

Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.

There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.

These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.

A lot of the fundamentals aspects were become a problem in this case. But the serious problem if you are facing the altcoins that based on the similar business plan. To determine how that will work and about the structur of the company and the team experience should become another fundamental problem that you will be facing at the time when analyze the altcoin.

[btctuxedo]

A nice consolidated feed of these social media outlets would be nice. Gotta filter spam somehow though.  Lets users control which feeds to add in. Not sure how to get the 'word of mouth' thing in there since you won't really know their update channel either.

I agree. It would be safe to assume that all of us agree, having a reliable source of info & the ability to get it when it's still fresh is the biggest challenge when analyzing an altcoin.

I also think that there is a lot of FUD, FOMO and shilling in cryptocurrency and we need to figure a solution for this.

[Queen12]

As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.

Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.

There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.

These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.

When analyzing the ICO, many times have different discount for different participating time, so the person behind the investment may actually have several times the price of the actual legal coin, so it annoys me.

[yolucky]

May be overall signal about the altcoin will be good to have in other words collective intelligence.

[akram143]

As a cryptocurrency traders, we are always on the lookout for which next altcoin will moon and grow 100-200% the fastest.

Doing your own fundamental analysis is easier said than done because every blockchain projects have their own way to update their progress. It could be from social media, press release or word of mouth from a friend and you may not be in the loop because you are not subscribe to their update channel.

There may be crypto trader community that share trading signals, but it could cost a bomb just to get in, and of course, not everyone can afford it.

These are just some of the issue that new & even experienced crypto traders are facing, I am hoping that you can share your experience on any issue that arise when you do your own analysis.

To be honest no one can analyze the price growth of the crypto currencies recently XRP price exploded and beat the ethereum on marketcap value and reached second rank.Any coin would do the same but can't find which coin will do it.So invest on the coins are already popular which give low profits but the percentage of losing our investment is less.

[yomarve]

I don't think I have any issue.

[MarketcoinPro]

Dev team vision is the first point I search. But sometime they miss the line 

[Ayaancool]

For me its difficult to follow their social media like telegram announcement each and everyday and holding lots of crypto currency portfolio that is another problem where i cant follow all of them . Initially it was good to follow all channel and news about holdings when i had really less number of coins.

[spivorcointaun]

I just came across this ICO thread in reddit, has anybody heard anything about Cointed before? Here's a link to reddit for those who are curious: https://www.reddit.com/r/Cointed/

[mysacrifice]

for individual traders, today's market is hard to predict and if we do research, it often does not fit our expectations. many beginner traders are stuck with the current situation, they are only interested and think about the profits alone, without thinking about the risks.

That is right, analyzing crypto currencies is very hard to understand. Especially for me because I'm coming from stock exchange trading background and I'm already master on analyzing stock graphs. So I have to forget almost everything I know and relearn it.

[Laland]

for individual traders, today's market is hard to predict and if we do research, it often does not fit our expectations. many beginner traders are stuck with the current situation, they are only interested and think about the profits alone, without thinking about the risks.

That is right, analyzing crypto currencies is very hard to understand. Especially for me because I'm coming from stock exchange trading background and I'm already master on analyzing stock graphs. So I have to forget almost everything I know and relearn it.

It really goes back to readings and probably some gut feels if you are confident enough. I learn mainly in the internet about stocks but not the broker type. I just went to follow some people who had great profits in the market and somehow i am making small profits. My mistake is just selling too early after a short increase now knowing it will increase more. So at least i have enough money for long term investment so i don't need to cashout very often.

[btctuxedo]

That is right, analyzing crypto currencies is very hard to understand. Especially for me because I'm coming from stock exchange trading background and I'm already master on analyzing stock graphs. So I have to forget almost everything I know and relearn it.

As for me, I trade forex for years before I discover altcoins trading.  You are right about we are too used to reading charts and doing technical analysis. Cryptocurrency is mostly fundamental analysis and how good the PR is being done.

It really goes back to readings and probably some gut feels if you are confident enough. I learn mainly in the internet about stocks but not the broker type. I just went to follow some people who had great profits in the market and somehow i am making small profits. My mistake is just selling too early after a short increase now knowing it will increase more. So at least i have enough money for long term investment so i don't need to cashout very often.

LOL. I know how it feels. Just when I think it's good to make a 100% profit, the coin exceed way beyond my expectation & went more than 10x the original price!

[bundo]

Small note '' Do not be greedy to determine sales targets, as long as it's a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you are absolutely sure.

[kunsh]

To be informed is best thing but you can do that here on other new Discord-youtube groups (ignore pump-dump groups) to see where mst of people (money) are. Being informed is key to success.

[pearlsome]

For me, it's hard to make my own forecasts. I do not have enough experience. Therefore, I use the messages I trust. How can one predict here? Bitcoin rose, all the altcoins fell. Bitcoin fell altcoins again fell. Another time, bitcoin fell, and all the altcoins grew.

[spring07]

Problems comes when one is trying to get too greedy in the sense that you would want to remain in the market to make more profit when you are supposed to cash out.