What I do before buying an altcoin!

[Awens]

If you have to buy altcoin from this bearish period, I would suggest that make a deep research of the altcoin that you want to buy, because most of the altcoins now are dead or a priceless coins already. But if you have your reliable source for a potential altcoins that will progress in the future, then it depends in your own decision accompanied with your strong faith..

Yes, doing our own research now matters more than ever before with all the dead projects around us, like dead fish floating on top of the lake. Replying on experts and reliable sources is the way to go.

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[idontcare]

The most important thing before I buy an altcoin is to see prices advertise on the market, altcoin that exists sustainably, a strategy that will sell when prices increase. My idea .

[cryptotycoon33]

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!

The information provided above is very helpful to cryptocurrency community members,before you invest in any cryptocurrency project you should be able to carry out a due diligent search to ascertain the validity of the project.

[Ociwiw]

In general, I do not go into such details, although I also try to do a detailed analysis, so perhaps I will be very useful.  Thank!

[xhibit1]

First you should check out their whitepaper and also their website as well. check the trading chart of the coin and know the ATH of that altcoin before investing. "ATH means All time High".

[bellamoera]

some very good tips for beginners. I want to add a little about the way the concept flows on the project. we also need to know the course of the project so that it will convince us to invest in the long term. indeed many projects are currently scam, to minimize this do so

[velive08]

My advice based on experience before buying an altcoin is that we must be able to continue to choose altcoins that have the potential because a variety of altcoins can be one of the best choices for choosing where we will put money into buying altcoins.

[active706]

You do right things, but you also need to make research work on project idea and whitepaper. If you really likes the project and see perspectives for him - it cost to invest.

[Mavilcposeti]

I'll look at altcoins project first.Then I look at the people in his team.Looking at popularity among ecosystems.How much people talk about the project?I decide whether or not to buy.At the end I determine my budget.This is the tactic I always apply.

[xKARELx]

the most important thing is that you should not do it in a hurry, you need to think about every step and not make mistakes .. sometimes, of course, they will work, but you need to be able to accept and perceive them from the side that they taught you something

[Mathcy]

good advice, I will try the advice you give. Hopefully someday luck will always be on my side.

[jan.nicolas]

Yes, thanks for the advice, it is really very necessary, and yet I would like to say that analyzing projects is a fundamental truth that holds the entire investment market, if there is no analysis everywhere there will be deception.

[kaventt5]

Thank you for sharing your thoughts and methods. I would like to add some reflections. I just do a research about coins of my interest, read articles, watch videos on YouTube, or analyze charts. Additionally, I explore the websites of the exchanges like CEX or Coinbase where I can buy btc with fiats or exchange it for other cryptos (https://cex.io/xrp-btc). They reflect the situation on the market.

[Nastinmel]

Many people forget to add sites-aggregators in the lists of sources. They contain information about further upgrades and events. Also, don't forget about telegram-channels which are full of useful information about all preparing projects!

[oudekaas]

Yes all of this it's very important. As for me, I usually check all members in the team. All of their social networking sites because it's the most common mistake of scam projects.

[Hoxysado]

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!

pin my opinion making some researches would be the best decision so i think tjat you shpuld do this an do it reall6 carefully

[Hoxysado]

Yes all of this it's very important. As for me, I usually check all members in the team. All of their social networking sites because it's the most common mistake of scam projects.

before buying a coin you can ask ypur frienss abot it of consult anothet person and professional yoj can trust

[UNOE]

Before investing, good research is most valuable thing, because in this way you can avoid loses, and you are more secure into your investment when bad times comes which will eventually come. I think that we should not invest in something about what we have no idea.

[Psec]

The first thing I usually do is to go through the project whitepaper and do personal review of it. Through this, I will be able to know much about a project. And if am convinced based on what I read from it and from other research outside the whitepaper, then I will decide if I should invest in it or not.

[newb-dev]

Every single time I wanna invest in an altcoin first I come here on bitcointalk and I read everything I can about it. It is important to be informed.