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Author Topic: What I do before buying an altcoin!  (Read 3071 times)
01BTC
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February 03, 2018, 07:57:48 AM
Merited by SmartIphone (10), Heyyyrenz (2), burner2014 (1)
 #1

So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!

Research it takes a few days/weeks so if u're in this fase take your time.

1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/
5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403
**LATER EDIT:
6. Team - research moust of the members on linkedin and google , also the backers or advisors.

Doing this can be of help to get a sense of a really good buy... at least this is what  I do.

What are your thoughts ? How do you do it??

Cheers!

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himanshu93
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February 03, 2018, 08:04:35 AM
 #2

So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!

Research it takes a few days/weeks so if u're in this fase take your time.

1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/ , https://walletinvestor.com/forecast
5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403

Doing this can be of help to get a sense of a really good buy... at least this is what  I do.

What are your thoughts ? How do you do it??

Cheers!

dont follow walletinvestor they are crap. and they dont stick to the predictions. predictions  made on one day may be different on the website the otherday.

other than that its fine.
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February 03, 2018, 08:16:34 AM
 #3

your advice seems to be quite effective and I like it.
have you done it and got alt that is potential to be purchased?

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February 03, 2018, 08:26:52 AM
 #4

Mb it will be strange. But a good fundamental analysis is unlikely to bring much benefit. If you do not expect to keep coins for many years.
Most coins buying(or selling) on the hype. Today significant price fluctuations are speculative.
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February 03, 2018, 08:29:27 AM
 #5

So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!

Research it takes a few days/weeks so if u're in this fase take your time.

1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/ , https://walletinvestor.com/forecast
5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403

Doing this can be of help to get a sense of a really good buy... at least this is what  I do.

What are your thoughts ? How do you do it??

Cheers!

dont follow walletinvestor they are crap. and they dont stick to the predictions. predictions  made on one day may be different on the website the otherday.

other than that its fine.

I have took that away to have a clean view over here, thanks

oludare1
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February 03, 2018, 03:09:56 PM
 #6

Main rule in altcoin trading is don't buy at peak price and never sell on dip being panic as well as don't go with hype over chat rooms in exchangers.
You should have to do a deep research for the coin in which you want to invest and have to wait for it for a few weeks to monitor its volume of trade on exchanges and its potential after that try to invest there.
Seek advice from experienced cryptocurrency investors.
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February 03, 2018, 03:14:03 PM
 #7

I always have a look at their Website and how it is designed and if there are any nooby bugs. I also have a look at the social media accounts and at the activity of the team. Its also recommended to have a look at every team member via LinkedIn or something like this.

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February 03, 2018, 03:25:20 PM
 #8

First we need to decide that the investment is going to be long term or short term then we have to choose the coins based on the amount of capital we have.The cheapest coin will give more profits but the chance of losing the investment with cheap coin is high so it comes with high risks.I always go with the coins which has been in the market for long period with the stable price this is good coin to invest on long term.

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February 03, 2018, 03:40:46 PM
 #9

before you buy it you have to know the development of an altcoin, you can know it by reading in some forums that talk about it like telegram and other, you also have to see the exchange rate statistics, after you are sure then buy the coin you have selected
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February 03, 2018, 03:59:33 PM
 #10

You must first read the roadmap and look at the graph, the graph should be without pump and the trend should be ascending.

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February 03, 2018, 04:02:04 PM
 #11

Some very good tips there you are sharing with Newbies, may I also add that investigating the Team and Advisory Board is also something I look into as well as checking the road map thoroughly and also what are the incentives give to token or coin holders to keep the token or coin as a long term strategy as I like to invest more as a long term kind of holder myself in general. I also may sometimes look for short term flips on rare occasions.  Smiley

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February 03, 2018, 04:04:11 PM
 #12

First is I usually read the whitepaper thoroughly. It's the only way to learn everything about the project of the company. That's the only time if I'm convince about everything or generally then that the time I would invest my money.

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February 03, 2018, 04:06:06 PM
 #13

So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!

Research it takes a few days/weeks so if u're in this fase take your time.

1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/
5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403

Doing this can be of help to get a sense of a really good buy... at least this is what  I do.

What are your thoughts ? How do you do it??

Cheers!

This is definitely right. Investments should always go with the right amount of reading and researching. Another important note on the coinmarket is the trend of growth of the desired altcoin and also the team that supports that coins. You won't want to go have a seemingly good coin but is actually dead.

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February 03, 2018, 04:06:48 PM
 #14

So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!

Research it takes a few days/weeks so if u're in this fase take your time.

1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/
5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403

Doing this can be of help to get a sense of a really good buy... at least this is what  I do.

What are your thoughts ? How do you do it??

Cheers!

yes of all you write this is true but there is still one less, you have not assess the team behind the project or ICO, because the team is an important part of the success of ICO. Team must be experienced or in accordance with its field.
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February 03, 2018, 08:01:27 PM
 #15

I always have a look at their Website and how it is designed and if there are any nooby bugs. I also have a look at the social media accounts and at the activity of the team. Its also recommended to have a look at every team member via LinkedIn or something like this.

design can be bought with $$ .. it can be awsome outside but not so awsome inside.

it is important , definatly any detail, in fact, but not mandatory

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February 03, 2018, 08:04:50 PM
 #16

So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help!

Research it takes a few days/weeks so if u're in this fase take your time.

1.Forum search about the coin;
2.Join the telegram group and try to interact with the members;
3.Try to make a post on the forum and also see the crowd sentiment;
4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/
5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403

Doing this can be of help to get a sense of a really good buy... at least this is what  I do.

What are your thoughts ? How do you do it??

Cheers!

yes of all you write this is true but there is still one less, you have not assess the team behind the project or ICO, because the team is an important part of the success of ICO. Team must be experienced or in accordance with its field.

Yes u're right, I added the Team research on the list, cheers!

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February 03, 2018, 08:05:55 PM
 #17

I usually go on CMC, go through the historical data to analyse the previous price point and if there is some sort of consistency. If there is, I check out the social media pages to ensure they are active.
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February 03, 2018, 08:09:15 PM
 #18

Buying Altcoin needs research and you'll spend much time on research because your hard earned money should not be put at risk.
Cryptocurrency is volatile that's why we need to know you coin first before putting our money.
I would suggest that you'll forget ICOs and refer Www.coinmarketcap.com because the coins that are being listed are the ones who passed and some kind of semi regulated and accredited coins that is worth the investments.

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February 03, 2018, 08:12:43 PM
 #19

I usually go on CMC, go through the historical data to analyse the previous price point and if there is some sort of consistency. If there is, I check out the social media pages to ensure they are active.

That's right, coinmarketcap.com is the best place to visit if you're going to put your money in Cryptocurrency market because coins are volatile and investing will give you a lot of money risks that even turn your money into nothing.
Coinmarketcap.com is the list of coins that are being circulated and already holding value, those coins already hit Cryptocurrency exchanges and people would prefer the history of each coin through this site because it's more accurate than any other sources.

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February 03, 2018, 08:36:33 PM
 #20

I definitely feel like there are more measurable qualities like you mentioned, but you should definitely
at least make a nod to some of the more subjective parts of a business. Questions like these:

How do they present themselves on the websites and whitepapers and print?

Do they use sensational language or hype advisers that aren't actually personally invested in the project?

Are they using language that implies any false claims about projected return rates or promises of short
term gains without supplying proof that they have been successful before?

Think about their presentation - How does their market strategy reveal their attitude towards their
customer vs their attitude towards their investors? Do they seem genuinely interested in a quality
product?

Are they talking about other companies when they describe themselves or are they focusing on
a unique vision and trying to target a specific area of expertise or quality in the service/product.
A beginner company trying to accomplish too much too fast will have a much harder time making
an entry without serious quantities of investment. Think about companies with a single quality
product or service and about teams with relevant experience for that product or service.

Quality products have the best chance of being appealing to long term customers, which is where your
returns will probably come from!

This advice also assumes you're interested in investing for the long game though.
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