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Author Topic: What I do before buying an altcoin!  (Read 4048 times)
plaintiff77
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April 21, 2018, 08:19:18 AM
 #221

First thing you need to do is to have a research on that altcoin.You must also check if it has a good potential and also you must need to check if there are many people who invested that coin.You need to know first the tokens before you invest it in order for you to be able to earn without losing any money.
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spike420211
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April 21, 2018, 08:21:17 AM
 #222

Before buying altoins you should analyze project and decide what you want from it.

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KceoH
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April 21, 2018, 08:45:10 AM
 #223

I agree with your statements, it is quite good to study a coin before you invest money in it somehow. Capitalization does not mean that the coin is good, it happens that the coin is artificially inflated for its own purposes, so you need to be careful.
kkerrex
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April 21, 2018, 09:26:16 AM
 #224

You need to invest in the cryptocurrency, while the token is still in the ICO stage. That's when you have the opportunity to buy coins at the lowest price. During this phase, the coins have only one way. They can only move up. It is necessary to select the correct token, because it can also fall to zero. As soon as it enters the market, the Cryptocurrency will make a sharp jump, which means that it is a signal for sale. Thanks to this you will be able to get from 100 to 300 percent of the profit. If the surge is not strong, moderate, then you will receive from 50 to 100% of the income. This is an effective method. But here it is correct to invest not in one currency, but in several tokens for risk diversification.
crazyhonez000064
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April 23, 2018, 06:01:20 AM
 #225

For now, the best way to be updated is this bitcointalk thread and telegram group.
collins3
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April 23, 2018, 06:17:02 AM
 #226

In the market today, investing in an altcoin is very difficult. I read it carefully to find out the purpose, the route, the way to do it, and to understand the publisher's credibility, the support of the community ... I monitor the market and the transactions. on altcoin for a certain time. When selecting the potential Altcoin, the time to invest is also very important.
lightning mcqueen
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April 23, 2018, 10:06:10 AM
 #227

Most of the time you need to check the market value of the project, this is a very key factor, if the project implements the open source code, then you can look for professional personage on the quality of the code, then you can judge.

Before you buy an altcoin, make sure to research first about the altcoin and their social media accounts (facebook & twitter account) how many followers do they have , are they also active in posting about their events? and do check their whitepaper, for good roadmap and the profile of the people behind the ICO.
Salesman4coinZ
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April 23, 2018, 10:15:40 AM
 #228

They are a lot of things you should do before you invest in any cryptocurrencies or blockchain project. So of course you should search htis forum and watch in the announcemend thread to the opinion of other members here who have more experience. They are also a lot of good telegram groups where people are discussion about cryptocurrency projects. You can also make a look about the dev team and google their names, and look what they did before.
Nggeh2277
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April 23, 2018, 10:24:04 AM
 #229

I always look at their website and how do they get cripto Smiley Smiley
rcoins0720
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April 23, 2018, 11:22:35 AM
 #230

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!
I also suggest  other people to go follow those trustworthy campaign managers like Needformoney Blockeye and other good campaign manager
it will be a good help . Here is the link I am following with
https://bitcointalk.org/index.php?topic=3111580.0
credits to the thread keeper of this one.
ginika
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April 24, 2018, 08:27:11 AM
 #231

things to do before buying altcoin, among others:
1. Look at the capital we have
2. do some in-depth research to find out information about which coin is good for investment usually I always see their website
3. Do not buy coins when price increases occur and when panic occurs do not sell them
Reez
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April 24, 2018, 08:47:00 AM
 #232

Currently with the scams running around with the new coins being launched I would say to just stick with the older and established coin who have a proven track record and large community members. As it isn't worth losing your entire investment into these alts and less return is always better than no return.
DRVX
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April 24, 2018, 10:06:51 AM
 #233

Most people are buying altcoins without any reason. They are influenced by an advertisement first of all. But such way of doing is still worth to be practiced because altcoins are growing without any clear reason too.
soza_01
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April 26, 2018, 10:50:40 AM
 #234

Please follow the fork of the fork of the Bitcoin because the image could not be smaller to the field, community and too the development of this crypto, same as the first of the first fork hard occurrence to the fifth. August 8, 2017 first fork of the Bitcoin starting on the coin coin. The new coins are created with the Bitcoin Cash. When a fork hard happen, will have the two path for you selected. A while going to follow a line, you will not be able to return, by the fork hard will be create blockchain string with two incompatible protocol.  Grin
dylan jayden
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April 26, 2018, 01:23:56 PM
 #235

Privacy. Although Bitcoin does not record information other than an electronic address when making a transaction, it is your own BTC address. That means if someone finds your blockchain address, you will no longer be left in incognito mode. A lot of investors are concerned about this, especially since it is reported that just following Bitcoin transactions, finding a user's BTC address can be easily done. . A number of privacy measures are being developed to protect user information when performing Bitcoin transactions, including Dandelion, Neutrino, and Bulletproofs. Creating these technologies is quite a complicated thing, but they are being refined to apply to blockchain, helping Bitcoin regain its original appeal to investors. And of course this is one of the factors that pushes up the value of Bitcoin.
MakeMoneyBtc
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April 26, 2018, 01:32:34 PM
 #236

That's pretty much what I also do. I definitely search a topic about that altcoins here on bitcointalk and see what people are talking about it because this could change a lot of my thinking. The same thing with telegram, thats where people share informations and updates about the projects.

The team is very important and it is better to buy only altcoins that have a good and recognized team that have worked before in this domain and have a few successful businesses or projects. If the members of the team don't have any history and you cannot find any informations about them this doesn't mean it is a scam but you should do a little more research before investing.
lalatao79
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April 28, 2018, 04:26:28 PM
 #237

All of that is right way to do before you buy a coin or invest to that coin because of that you can avoid to some coin that may scam you or you know if that coin don't have potential.  Like all people said in crypto do a research first before you buy or invest.
evader11
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April 28, 2018, 05:08:07 PM
 #238

Think and choose wisely before buying an altcoins so you can't regret for the decision you made. Choose a better altcoin that will help you to get a huge profit. Make an own research, study and read it so you will know if it is reliable and trusted coin. You need to decide well what you feel it right.

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April 28, 2018, 05:19:23 PM
 #239

maybe before you act to buy or sell bitcoin, you can learn the market buying and selling history before.
so you will not lose before you act.

Master Carnegie
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April 28, 2018, 05:20:12 PM
 #240

Many of the new investors come half-parked within the community. Most without having any kind of experience in crypto-coin investments. And even those who have experience in the market is already long enough, still make mistakes of beginners.
So do not invest in a new currency or ICO without researching properly, read the whitepaper, the developers, the team, the purpose for which it was created and the return on investment. Also search social networks for projects you are interested in investing in.
Important in this volatile world is always to diversify, never invest all your capital in just one project or currency, so you will have more chances of success.
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