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Author Topic: How do you decide which coins to buy? Do you use the method of trading the news?  (Read 124 times)
gabmen
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January 21, 2018, 04:24:54 PM
 #21

Hi everyone! I wonder which methods you use when selecting altcoins to invest in? Do you look at event calendars? I usually take 5 steps before buying a coin and made a video about it: https://youtu.be/KVxlki3Qr4g
Let me know what you think, have I missed something?

p.s. i also usually look at the coin's telegram, but forgot to mention it in the video

Well looking at a coin's future events means that that coin has a clear roadmap of where it wants to be, so that's one of the good signs to look for when investing in an alt. Also read read and read about the team behind it.

 
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January 21, 2018, 04:31:06 PM
 #22

I am really basing on news since I am new in cryptocurrency and I don't know anything about Technical Analysis or TA, I am relying only on news. But I have a group chat in which people in there are doing TA's and I am just riding all through out in order to win trades.

And another reason of coins to buy, is when I am finding something that caught my attention. Just like, favorite coins. I love, centra. I love scalping in centra. That's how.

 
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January 21, 2018, 04:42:12 PM
 #23

Sometimes, news about the token or coin works but not all the time. When I plan to buy a coin or a token, I look at the RSI, so it will show you if the coin/token is already oversold or overbought. If its oversold, that's a good time to buy, because the price already dropped as a lot of holders already dumped the coin and it may have a chance to recover a little.

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January 21, 2018, 05:45:08 PM
 #24

Looking for event calendars if of course nice, since people act a lot on news. Actually they act before the event take place, since on crypto everyone seems to be following the rule buy the rumors sell the news. An obvious demonstration of that principle has been seen with a lot of crypto, like in the BTC forks, or the exchange bans, or the futures arriving. The price was always already capitalized on the rumors, and then when the since actually happened, nothing really changed. We can't also forget about inside trading, that is true all over the world, but it's much easier to do on crypto. Recent examples of that, where the bcash being added to coinbase, and now the south korea fud.

So yes, I would say that "trading the news" is a key aspect in crypto trading.
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January 26, 2018, 07:14:20 AM
 #25

Well, it's interesting of course, there are some wholesome moments in the video. However, I often lean on intuition and various positive moments of the particular coin at the beginning.
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January 26, 2018, 10:30:57 AM
 #26

Identifying whether a coin is a solid or a shitty one can be done from just looking at the white paper , if you find garbage there , there's a high chance that everything else related to it will have the same nature .

If everything looks normal and there's consistency behind the ideas , thoughts and speculations you should move to the road map and try to simulate what will happen at each phase and compare it to what's happening with other altcoins that has been launched and are already in the scene , with a bit of logic and experience you'll be having a 80% accurate judgment .

Every thing still looks solid ? Move on to the forums and crypto related news providers , if there's a lot of importance given to that particular coin and it's getting talked about everywhere , then the hype is on and you should get some . If there ain't enough attention , putting a few bucks at it won't hurt , and further evaluation of the market can be done in order to know whether to buy more or not .

The whole process won't take more than an hour to realize and even if you end up not investing , you'll gain experience out of it and develop an aptitude to recognize a good/shitty coin .
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