Currently 1,610 coins/tokens...how are you finding good coins?

[Poink]

With 1,610 coins & tokens (and rising), how are you finding good or promising new coins?

I used to spend countless hours researching each coin and focusing on a few but it became unsustainable with new coins sprouting as fast as they do.  I used to focus on the;
1. Project/idea
2. Team (dev, marketing, owner/supporter)
3. Favorable news/reviews
4. Market support
5. Exchanges it is listed on
6. Collaborations

EDIT in:  I rarely "hunt" for new coins nowadays...I let them show up instead (near or in top 100 with decent community support).  I may miss the max gain but it seems safer this way.

Some coin/token creators have been very "creative" as well and focused on deceiving investors...basically selling something they don't have (not even an idea).  With them is the birth of new "weak handed" investors which creates an even more volatile crypto market.  For those who are in crpto for the long haul, these are just annoyances and even welcome for creating buy opportunities but I believe it is not good for crypto image specially during it's infancy.

I was over diversified and used to hold 35-40 coins, after consolidating, it is now down to 21.  It will fluctuate (up or down) depending on me finding good new coins.  My target is now is about half my old portfolio... 15-20 coins.

[1715660536]

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[1715660536]

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[BuHoBeH]

Buy NEO, Waves, Grft, Qtum, Bloom 

[sud]

@Poink

Yeah, it was a lot of work to do due diligence for every promising project last year, but now it's just impossible. Unless you have a group of people doing the research with you, I think right now it's better to focus on most hyped projects for quick flip and pick some solid coins you belive the most for long term hold. I have learned that for those crazy ROI ICOs fundamentals doesn't metter, it's pure hype.

[Poink]

Buy NEO, Waves, Grft, Qtum, Bloom 

Thanks but I want to know how you are choosing them or keeping track of new projects...not which you have.  I already have my choices for now.

BTW, I do hold NEO and QTUM from your recommended list.

[makishart]

With 1,610 coins & tokens (and rising), how are you finding good or promising new coins?

I used to spend countless hours researching each coin and focusing on a few but it became unsustainable with new coins sprouting as fast as they do.  I used to focus on the;
1. Project/idea
2. Team (dev, marketing, owner/supporter)
3. Favorable news/reviews
4. Market support
5. Exchanges it is listed on
6. Collaborations

Some coin/token creators have been very "creative" as well and focused on deceiving investors...basically selling something they don't have (not even an idea).  With them is the birth of new "weak handed" investors which creates an even more volatile crypto market.  For those who are in crpto for the long haul, these are just annoyances and even welcome for creating buy opportunities but I believe it is not good for crypto image specially during it's infancy.

I was over diversified and used to hold 35-40 coins, after consolidating, it is now down to 21.  It will fluctuate (up or down) depending on me finding good new coins.  My target is now is about half my old portfolio... 15-20 coins.

Project, idea and collaboration or partnership to help the adoption of the platform. News, market support and exchange site is the result of the development progress of the project itself. Remember not all of the exchange sites are applied "Paid to listed". The majority of major exchange sites are using the community as the important value before it will be listed anycoin.

[Poink]

Project, idea and collaboration or partnership to help the adoption of the platform. News, market support and exchange site is the result of the development progress of the project itself. Remember not all of the exchange sites are applied "Paid to listed". The majority of major exchange sites are using the community as the important value before it will be listed anycoin.

To your point, I maintain that exchange listing is one of many gauges to foresee how well a coin will perform.

The list I presented may intersect each other and that is fine, they are not exclusive of each other.

[Poink]

@Poink

Yeah, it was a lot of work to do due diligence for every promising project last year, but now it's just impossible. Unless you have a group of people doing the research with you, I think right now it's better to focus on most hyped projects for quick flip and pick some solid coins you belive the most for long term hold. I have learned that for those crazy ROI ICOs fundamentals doesn't metter, it's pure hype.

I agree.  I used to play the market and flip now and then (when I am more enthusiastic and have more energy) but now I am going with long term hold (years).  I will monitor the market but if all goes well, the trading should be minimal.

I was also over diversified and started consolidating my coins from 38 to 16 now...may end up around 12-14 soon.

I rarely "hunt" for new coins nowadays...I let them show up instead (near or in top 100 with decent community support).  I may miss the max gain but it seems safer this way.

[crypto1nvest]

I'm just looking for top 20 from coinmarketcap for trading. Sometimes trade only based on technical analysis even don't know what technology behind the coin. If I looking for long-term investment than top 50 and I do full research: team, product etc.

[sud]

@crypto1nvest

That's true that top coins are the safest bet for trading or investing, although also have big volatility depending on bitcoin movements. But I'm rather looking for those low cap gems (around $5M - $20M) that have potential and room for huge gains. If this kind of coin move up to top 50 gains are amazing - big risk, big reward.

I rarely "hunt" for new coins nowadays...I let them show up instead (near or in top 100 with decent community support).  I may miss the max gain but it seems safer this way.

This is smart strategy too, I may have try it.

[Entei]

Why should we rely only on 1600 coins / tokens from the coinmarket? There are many more than this number, just doing searches on rank websites masternodes we find new or different currencies. Regarding the top 6 mentioned, only with the first item can we have a good base of the coin or design your future.

[tdeannova]

always have updates and innovations, developers are always active and discuss in social media. the last point has a real product and we have felt the benefits, such as ethereum (smart contract), binance coins (exchange) and others.

[Svelto]

I used to go through coinmarketcap from rank 200 onwards and do a quick check of each website when I have time.

It is true that with so many new coins coming out, it is time consuming to research for new coins with potential.

[Poink]

Why should we rely only on 1600 coins / tokens from the coinmarket? There are many more than this number, just doing searches on rank websites masternodes we find new or different currencies. Regarding the top 6 mentioned, only with the first item can we have a good base of the coin or design your future.

To my point, there is just too many now that it is so hard to track.  I chose CMC because it is the most reliable list for me.  I have no time to go looking for more coins outside CMC to be honest...can't even check their new coins now. :O

[Bitico777]

I used to spend countless hours researching each coin and focusing on a few but it became unsustainable with new coins sprouting as fast as they do.  I used to focus on the;
1. Project/idea
2. Team (dev, marketing, owner/supporter)
3. Favorable news/reviews
4. Market support
5. Exchanges it is listed on
6. Collaborations

I was over diversified and used to hold 35-40 coins, after consolidating, it is now down to 21.  It will fluctuate (up or down) depending on me finding good new coins.  My target is now is about half my old portfolio... 15-20 coins.

Good strategy. I have similar. I also plan to reduce the number of coins to at least 10.

[MartiniBlanco]

It is very hard to find some good coins or tokens in these times, because the market is flooded with coins that are totally useless and the most new people that come into crypto don't know where they should invest. I always take a look at the team behind the projects and I also watch some social pages for activity and progress.

[Hektur]

Buy NEO, Waves, Grft, Qtum, Bloom 

Lol, why?
Do you think that someone will buy these coins just because you named them without any reason?

[neinnein125]

I generally join telegram accounts of newer projects and follow news. For older ones I follow their blogs, medium accounts etc. so I can be informed. Good coins stay hardly unidentified so I try to buy earlier.

[nightmanisrightman]

Honestly with the amount of coins coming out everyday it would be impossible to know about them all. That is why I am currently only in the cryptos that I understand and know from last year. Also if you wanted to know the scope of all the coins in this space, it would be beyond a full time job. You would need a team to give you notes and most people don't have this luxury available.

[summerblock]

You need to spend a good amount of time reading about new coins that are launched here. Community projects with real new tech behind them are the most interesting to me. If they start with a large airdrop that's also a good sign. Look at TWIST a bit, this is a example of a growing relatively new coin. Ah, and forget ETH tokens, look for innovation not copycats.

[nemagia]

The simplest is to look at the coin's demand and its capabilities. There are indicators of capitalization and volume of trades, but it is better to take the top coins at once and not think how many of them. In addition, there are now discussions of a maximum of 50 coins that any investor has, that's worth a look too. But all the same to each his own.