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Author Topic: Too many altcoins  (Read 1466 times)
taiwww
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June 14, 2018, 05:14:38 PM
 #101

With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?

Currently I am working on my portfolio and looking forward to add more and more undervalued coins. Not only undervalued but coin with low value and high market volume plus capitalism. This is because such projects are cheap to invest into and also far more successful than the usual altcoins. I have observed that these projects or altcoins are very easy to catch up with and earn profits from! So it becomes really easy for us to invest into some selected coins. As there are not many coins which are undervalued as well as with high market cap at the same time!
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June 14, 2018, 05:47:37 PM
 #102

There are a wide range of Altcoins to invest on. You need to do proper research and analysis about a variety of coins. Decide which coin will be best suitable to you according to your personal preference and invest in it. Make sure to check its value in the market and if it is predicted to have a nice future or not before you make any decisions.

Define "according to your personal preference" and in what specific aspect.

You can never trust predictions even though the one who published the prediction is a so called "expert". The cryptocurrency market is too unpredictable in many ways and believing in an expert is not a wise move. There might be some close results but relying on their analysis will not suffice.

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mersal
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June 14, 2018, 05:50:34 PM
 #103

There are a wide range of Altcoins to invest on. You need to do proper research and analysis about a variety of coins. Decide which coin will be best suitable to you according to your personal preference and invest in it. Make sure to check its value in the market and if it is predicted to have a nice future or not before you make any decisions.

Define "according to your personal preference" and in what specific aspect.

You can never trust predictions even though the one who published the prediction is a so called "expert". The cryptocurrency market is too unpredictable in many ways and believing in an expert is not a wise move. There might be some close results but relying on their analysis will not suffice.

Yes choosing a good altcoin is always tough for job but it is simple when you are in this field since long period before investing take long time it will help you to choose the best currency otherwise you may able to last your investment soon .

Enochian
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June 14, 2018, 05:51:24 PM
 #104

With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
It's not so difficult. If team make own roadmap it's a good. If project have viable idea it's good also. If project and his team think about price and exchanges run from this alt. All simple
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June 14, 2018, 05:54:46 PM
 #105

Yes it hard to select good Alts. When I am selecting a good Alts coin, I see about their project and project team. If the project is good, all rest of thing depends on the team. I always keep eye on first 200 coins on market
felissss500@gmail.com
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June 14, 2018, 06:03:35 PM
 #106

In general I think that at the moment is very much altcoins, and altcoins that of the 1,600, more than 75% of the usual scam, I hope soon many shit coins will be lost and will remain real work projects!

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June 14, 2018, 06:16:46 PM
 #107

Well the one thing you need to know before investing in any of them is that 90% of them are going to fail and only a handful of them are going to survive. The coins with great product and real world use cases are the ones which are going to survive. Its just like startup culture where only a few become successful.
crypto228
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June 14, 2018, 06:23:04 PM
 #108

For example, you can immediately weed out altcoins, behind which there is no technology, such as DOGE. And vice versa, such altcoin as the Etherium - deserves a very large part of the investment prothel, I believe
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June 14, 2018, 06:27:09 PM
 #109

Before participating in any ICO I often deeply research the project. My advice is to pay attention to whether the projects have a ready-made product as it is some kind of guarantee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes straight to their goal and will not give up.
LodisMcguire
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June 14, 2018, 06:31:35 PM
 #110

By checking the background of development team,the usability of coin and the price.If you think a coin will be big in the future after you do your research,go for it.If you are not sure,go for big coin like ETH or Ripple,there's a chance you can gain profit from their development.
Oniko
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June 14, 2018, 07:38:52 PM
 #111

The market of altcoins is growing and this is not the limit.

I think that over the next couple of years the market will grow and the number of altcoins will increase at times.

Choose projects for investment, only those that you believe in and understand
Vaedmild
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June 14, 2018, 07:40:00 PM
 #112

With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?
ji do jpt think that competeiotion is so bad for the market, so there is nothing vbad in the fact that we have a lot of choice to invest in something
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June 14, 2018, 07:40:48 PM
 #113

The market of altcoins is growing and this is not the limit.

I think that over the next couple of years the market will grow and the number of altcoins will increase at times.

Choose projects for investment, only those that you believe in and understand
ther can nog be too much altcoin and i think it 9s good for the market, so i nave nothing against it, it halps to enjoy the investment
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June 14, 2018, 07:41:46 PM
 #114

Before participating in any ICO I often deeply research the project. My advice is to pay attention to whether the projects have a ready-made product as it is some kind of guarantee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes straight to their goal and will not give up.
i think altcoins can not be too many, it is good to jave a choice and to have something to think ahout and to analyse different altcoins
aardvark15
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June 14, 2018, 07:44:50 PM
 #115

With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?

You have to do research to determine which ones have good websites, project development teams, concepts, wallets, and good advertising. All those things factor into how likely it is for a coin to be successful. Even then it’s sort of a guessing game but at least you can weed out some of the scam coins or the ones that are less likely to succeed.
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June 14, 2018, 07:58:09 PM
 #116

Most of the coins on the market are absolute garbage, I would say 90% percent. To begin with investments, I think it is worth buying coins from the top 20 coinmarketcap for your portfolio, since investing in them is much less risk, these are assets with an already established ecosystem and a workable product (in most cases)



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jackflag
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June 14, 2018, 08:07:18 PM
 #117

With the wide array of altcoins available in the crypto market, how do you choose which one to invest on, which one to buy and which of these altcoins worth holding?

it's a great job to choose a quality asset. Mostly I read white paper, look at social networks, telegram chat and read information about developers, and study the idea of a coin.
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June 14, 2018, 08:12:58 PM
 #118

Actually the market situation is getting pitiful in relation to the quantity of coins, this apparently shows some growth and 50% of this concept we can consider right. On the other hand, as mentioned above, a lot of these coins may be considered junk or low-access, only serve to take your money or Bitcoin. However this situation is what moves the market in a negative or positive way, but still move the market.
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June 14, 2018, 08:16:22 PM
 #119

too many altcoins on the market. new projects are coming out like donuts in a bakery. best to do your homework before putting ur money in.

Hype:
twitter users
reddit posts
telegram members
discord members
responsiveness/truthfulness of moderators in these channels
   
Fundamentals:   
Availability of MVP
Team strength (number of experts in the field; linkedin profiles)   
Whitepaper originality/technicality/clarity   
Independent reviews   
Partnerships with corporates/academia   
Use-case strength   
Clarity of roadmap

Others:   
Existing Competition (other coins in the same space? how established are they)   
Regulation Risk (does it have security characteristics?)   
Hardcap (is it asking for too much money for its use case?)
Share of tokens distributed (are the founders/team keeping too much for themselves, escrow?)

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June 15, 2018, 12:52:08 PM
 #120

Yes we are having numbers of altcoins in market now so if we are going to invest then perfect coin should be selected which should have a good market potential because our main aim is to earn good profit at last.

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