No Pain No blood
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April 20, 2019, 12:15:01 PM |
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there are many ways to find potential altcoins, but the most basic thing is volume. no matter whether it is manipulated or not by buying coins that have large trading volumes we can at least get a little profit from speculations or rumors that exist. for the problem of concepts, teams, and others I think that's a common thing, if all that isn't good I can make sure that the coin is bad.
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Strongkored
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April 20, 2019, 12:41:33 PM |
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I searched for coins which had the potential from review in some media about crypto and seeing people in their team. High prices are not a benchmark that coin has the potential because the market is full of speculators But all of that can be wrong and certainly when misjudging, so look for another coin that we think has the potential to give best return.
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Bonwin
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April 20, 2019, 06:43:27 PM |
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I am in support of your point OP. Any coin can increase in price even if it is a shit coin. The most important thing is the long term nature of the coin. There are three major factors that enable the longevity and the success of s coin, which are the use case of the coin, the activeness and seriousness of the team as well as the engagement of the community.
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IVEXO
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April 20, 2019, 06:52:05 PM |
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I do not think there is a certain or precise way to vet the potentiality because different coins need different approaches
Thus we need to ensure that the token has enough liquidity and volume Coupled with a realistic product to offer
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Adriano2010
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April 20, 2019, 06:56:14 PM |
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I don't determine the potential of a coin, but i watch for the price of the coins on past and i can somehow choose some altcoins which can grow again on future and bring a profit.
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playboy654
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April 20, 2019, 07:11:35 PM |
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We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?
I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.
So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.
What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
when a coin is developing we can see the result in potential of it so we cannot take any other opportunity to analyse and research about that it will easily seen ways when your coin is getting up in the position
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edmundduke
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April 20, 2019, 07:12:37 PM |
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Theres quite a few indicators on how to see if it can have potential or not. First thing you look at is the specs of the coin, is it a unique project is it just a copy-paste (or generated by a known service) - check the github aswell, see whats up. If that part looks good then look at what the roadmap is, whos involved, is there community interest etc. Theres a lot of variables that help to reduce the chance of being scammed.
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5ensei
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April 20, 2019, 07:12:56 PM |
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A good indicator is how far it has fallen from it's all time high. It shows that there is a lot of room for growth when the real bull market returns. QTUM has fallen a long way so it's a good investment now in terms of potential growth
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CryptoGosu
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April 20, 2019, 07:13:03 PM |
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I think that it is difficult to determine the real potential of coins. The ideas of many coins look interesting but it is more difficult to realize this idea than it seems.
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jems
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April 20, 2019, 07:19:21 PM |
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For some of the coins that have been registered in the exchange I usually determine the coins I choose based on their trading volume. If they have good volume, it means that many people also trust the coin and then I immediately see their official site and find a lot of information for the continuity of the coin, whether it will be used in the future or just a booming coin at a certain time.
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integrity42
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April 20, 2019, 07:42:48 PM |
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I think that it is difficult to determine the real potential of coins. The ideas of many coins look interesting but it is more difficult to realize this idea than it seems.
Over time, you can see how the developers feel about their project and whether they will develop it or just make big promises and not keep them
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tenakha
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April 20, 2019, 09:11:36 PM |
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IMO there is no specific criteria for determination. A good team, a good goal, and a good team running towards these goals. And most importantly the accumulated experience for many years. Besides, you will take huge risk when choosing potential ones beacuse of unknown destination. It makes more sense to turn to trusted ones.
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Crypto24hrs
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April 20, 2019, 09:41:56 PM |
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This is not a question with an easy answer. To answer this question you have to take into consideration aspects like price variations, the development of the project, markets, wallets, reviews, gain expectations, and a small analysis of the competition. And never you rule out uncertainties, Best of wishes.
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blokklanc
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April 20, 2019, 11:53:28 PM |
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It is ideal when the product development determines the price but usually it not the case. We have to look the bigger picture and not only the price increase. It could be rewarding if we see the future value of a product and invest in it on time.
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craslovell
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April 21, 2019, 01:48:26 AM |
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I think there are a few factors involved:
1) Practical use cases 2) Innovation 3) A solid team (that isn't composed of stock photos but real people in the space) 4) Community engagment 5) Maintenance and upgrades to the chain
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Pearls Before Swine
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April 21, 2019, 02:00:20 AM |
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Coolcryptovator, you have been around long enough to know that most altcoins are destined for a bad end. There are only a small number of them which have a backing of people using them for something or trading them with a high enough frequency to provide market liquidity.
If you are thinking about brand new altcoins, I would suggest avoiding them without exception and if you must invest in anything other than bitcoin, go for coins that trade with the highest volume on exchanges. You will at least know that you can sell the coin if it comes to that. You don't want a sell order sitting on an exchange for weeks waiting for buy orders. Could happen.
Right now I have got my eye on some of the more well known alts still trading at much lower prices than they were at the end of 2017, ones that haven't risen too rapidly during this little bump the market has experienced this month. I'm not going to name them, because I am a greedy and paranoid investor by nature, but those coins are the ones which will be the most profitable if purchased right now, and I've been doing that too.
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babysweetTiger0401
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April 21, 2019, 02:06:03 AM |
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We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?
I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.
So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.
What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
Some of the traders here in this field of business, their basis was the price of the altcoins which is wrong. There are lot of them deceived by this concepts. Having a high price value in the market it doesn't mean its potentials of course not. So I would agreed that it is base on the usages of the utility token just like Ethereum(ERC20) platform this was proven and tested in the market.
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libert19
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April 21, 2019, 02:11:22 AM |
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Community — without community coin/token has nothing backing up and thus it can't increase in value.
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erikalui
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April 21, 2019, 02:12:32 AM |
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Firstly, you need to check the project and it's members who should be actively involved in the project and then how soon they are working on getting things implemented. It takes months for a token/altcoin to gain market value and then more time for it to settle down in the market and earn profit. I've noticed that whenever a project introduces a card or makes a big partnership announcement, the price rises tremendously like it happened with Monaco and Docademic so I look out for similar projects and even gambling projects as their tokens are always highly valued.
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distr@yopmail.com
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April 21, 2019, 02:30:52 AM |
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I have same opinion with you. potentiality of any altcoins is by real use for the human. Like for buying goods or services. And then the price will high.
several platforms already exist and try to be developed in the world. but the market response is not so good for such a platform. precisely with platforms such as banking, real estate and exchange, becoming more popular.
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