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Author Topic: What is key buying criteria for you to buy an altcoin?  (Read 509 times)
Rajamuda
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January 19, 2018, 07:30:22 AM
 #21

Regardless of ICO (because I've never invested in ICO), if I buy altcoin.. to be honest so far I just pick altcoins from graphics analysis as well as its popularity on interest or the most used for investing by many people, also the any recent news related with that coins. And often I ask to my friend that was more experienced than me in cryptos.
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January 19, 2018, 07:38:27 AM
 #22

One of the main key criteria for purchasing tokens of a particular project is their product readiness. If the product is, at least a test version of the product, but really a test version, then the project already has a better chance of success than those projects that have nothing but ideas
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January 19, 2018, 07:50:05 AM
 #23

The project must be real and not fake and most definitely not a scam. It should have a solid team and one that has good experience. The project must also be a working product and something that will generate popularity in society - people need to be drawn by it, so people can participate. Most of the above mentioned elements can be found out by reading the whitepaper and also viewing the roadmap and seeing if all this is achievable.
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January 20, 2018, 05:30:46 PM
 #24

When buying altcoin, I am always visiting their website if it was properly presented and user friendly. I am always reading their white paper and members background if they are real people with real experiences. Double checking the roadmap and the crypto news is also one of my factors to consider before buying their altcoin. Having a business partner with well known company and backed by legends in crypto is a plus and and also hook my attention that makes me convice trying their platform.

When taking a decision to buy any altcoin I take into account all of the things you mentioned. Additionally I learn statistics, watch videos made by people who have been involved in trading, listen to their opinion. I start dealing with an alt only after making all of these investigations.
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January 20, 2018, 05:36:18 PM
 #25

I first go with the price graph of that coin and I never interested on shitcoins and cheapcoins because on the coins the chance of losing our investment capital is more.I will choose cheap coins only if they have potential usage in the future.You can also pick the coins based on coinmarket cap ranks but not all top ranked coins won't give assured profits but the chance is more when compared to lower tier coins.
The main criteria for everyone is need to earn money through that coin so everyone look at the prices of the coins and their growth percentage.So I am also doing the same most of the time while investing on short term.
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January 20, 2018, 05:41:01 PM
 #26

Before I buy altcoins I visit their site, read the whitepaper, roadmap and the team behind. Make a research for some reviews and the platform for that coin. I also consider the total supply and the volume of the coin. Less supply is a point for me. 
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January 20, 2018, 05:41:57 PM
 #27

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?

I consider every aspect of a coin or token when considering it for my portfolio. That means looking into the graph, the team, the community, the product, and any underlying scam or fud claims that have been made. Another aspect of coins that can help figure out what is going on is the mining side of things. I am not really technical but if a coin is being mined heavily that generally means there is some interest there which is a positive sign, but it isn't a for sure sign. If all these aspects add up then I consider that coin which makes me choosy but the trade off is having more winners then.

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January 20, 2018, 05:45:35 PM
 #28

Working product or alpha/beta is a must for me. What about others?
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January 20, 2018, 05:58:35 PM
 #29

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?

There are many things and criteria which can be used to be a deciding factor to buy an altcoin. It all starts with the Project value and interest among the people so that they like the project and invest over there in that project and it is something which is what we called the Project quality and apart from the project quality i also go with the technical analysis so that i can filter out the best altcoins among the number of coins. Then I would like to time the entry and then it will be easy for us to track the profits and trade. This is my daily routine for deciding the best buy option for altcoin.

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uszaty43
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January 20, 2018, 05:59:38 PM
 #30

Graphic analysis? no mate, that is quite old.

I just buy altcoins, and i hold them for some time because i like them, i like the dev's, the project, and how it is moving, not because of the analysis or something else.

In fact, i am just buying altcoins for long term right now, maybe that is more profitable than just buying pump and dump coins.
I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?
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January 20, 2018, 06:02:03 PM
 #31

The most important consideration for me is the use case that an altcoin is supporting. The coin would have a future only if it is backed by a real use case or platform where it can be used. Unless there is a real service behind a coin, it will not give good returns. For example take BNB of binance exchange can be used for payment of transaction fees at discount, this creates value and demand for BNB token.

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January 20, 2018, 06:15:37 PM
 #32

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?
My basis was I read first their whitepaper, because when I read it then I find out their road map was promising and realistic and the team together with the dev will become active and will update their community from time to time it is a good chance to buy that token.

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January 20, 2018, 06:54:15 PM
 #33

The main criteria I use to buy a good altcoin is project transparency, if the project does not show clarity there is no reason why I invest. Another factor that is very important is to analyze every promise estimated by Dev and the team.

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January 20, 2018, 07:00:01 PM
 #34

The main criteria I use to buy a good altcoin is project transparency, if the project does not show clarity there is no reason why I invest. Another factor that is very important is to analyze every promise estimated by Dev and the team.
In this age, only project transparency or having a working product won't work. The main criteria is hype around the project. Yes! This is true without hype projects won't go higher always. There are many examples for this statement like 0X, District0x, Aragon, ubiq, status network token etc

Blah blah
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April 22, 2018, 09:54:00 PM
 #35

When prices are falls you have enough options to invest if you have investment because when prices are falling you can invest in to many options to invest because including bitcoin almost every thing is available at good price,
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April 22, 2018, 10:01:18 PM
 #36

i think its your perception about it, then the team behind it then the idea of the project then definitely their publicity and advert

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April 22, 2018, 10:06:53 PM
 #37

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?
there are some that I will see before buying, because this is the goal for the long term so we should be more careful. The first volatility of the coin itself whether good or not, the second transaction is not time constrained so that we can at any time transact.
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April 22, 2018, 10:24:37 PM
 #38

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?
My criteria when deciding to buy an altcoins are, i look for an alts that has a good project and has upcoming events and project, Community support, good dev team and most of all the market circulating supply. These are my criterias when i buy some alts, i know this is not the perfect formula but in my experience it hit my expectations and goal.
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April 22, 2018, 11:12:38 PM
 #39

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?
Of course you will need to do your own research to prevent shitcoins from your portfolio,overall quality of the project,the team behind it,and its vision,you shouldnt be buying altcoins from the peak,wait for the perfect time which would be when the market has dipped too much.Never let anyone dicatates your investments.

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April 22, 2018, 11:18:29 PM
 #40

I would like to ask you what is the key criteria for you when you decide to buy an altcoin? Graphic analyze, project quality, news or any other thing?
Of course you will need to do your own research to prevent shitcoins from your portfolio,overall quality of the project,the team behind it,and its vision,you shouldnt be buying altcoins from the peak,wait for the perfect time which would be when the market has dipped too much.Never let anyone dicatates your investments.

You must consider everything when buying altcoins because I think it can be more volatile compare to bitcoin so you really have to make an effort to study about that coin so you will not fall on a trap coin. Make your money worth for this kind of investment, don't waste the opportunity of making higher profit.
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