How do you choose which altcoin will you buy?

[Fappanu]

The first thing to look for in the coin is the whitepaper where I read what their purpose is and what their product is that will attract investors. It's also a good idea that we follow their project and how many investors believe in it because you also know that their project has an impact on people. And if possible we always keep up with their news which will give us an idea of when is the right time to buy their coin.

[mirgo1791]

different perception as investors work on appeals as moderating release of drawing from market and the developer of service as work on investment gives with different limit on returns as focusing on expends to manage with one or varies on plan to run on objective with the entrance on field of bitcoin finance.

[andriarto]

The first thing to look for in the coin is the whitepaper where I read what their purpose is and what their product is that will attract investors. It's also a good idea that we follow their project and how many investors believe in it because you also know that their project has an impact on people. And if possible we always keep up with their news which will give us an idea of when is the right time to buy their coin.

currently white paper sometimes cannot be used as a guarantee of a successful project. many project teams deliberately make the best white papper, but they are not serious about developing the project and ultimately the project fails. for the current conditions many rely on luck

[Byakuga]

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

New projects are mostly dubious projects and you need to know what you are doing when dealing with them, very few of them are worth your time and money

[rincoeng1986]

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

Thank you in advance.

New projects are mostly dubious projects and you need to know what you are doing when dealing with them, very few of them are worth your time and money

Before participating in a project, you should find out more about the project first, such as the team, Roadmap and also how the target of the project in the future. Many people's experience losses in joining a project without knowing everything about the project so that in the end, they lose the money they have invested so far due to the project experiencing failure and even fraud.

[marcous]

the development of a project and community are considered things that can be used as a benchmark in choosing altcoin. maybe like the Volume coin on the market and the way developers hold prices we can also monitor. one of them Vechain until now the community is active well and the price still able to make a profit I guess. And don't forget to choose exchangers whose volumes are largely (top exchanges).

[Amel]

This question has always been asked many times here, there has been a lot of discussion about choosing a good project, maybe you can listen to some of these threads.
https://bitcointalk.org/index.php?topic=2233141.0
https://bitcointalk.org/index.php?topic=1749996.0
https://bitcointalk.org/index.php?topic=3625218.0
https://bitcointalk.org/index.php?topic=3087088.0
https://bitcointalk.org/index.php?topic=4235148.0
https://bitcointalk.org/index.php?topic=5096183.0

You can give a conclusion from the discussion of the previous thread, maybe for now my advice is to be more careful in finding projects because there are far more scammers.

[alan2here]

The first thing to look for in the coin is the whitepaper where I read what their purpose is and what their product is that will attract investors. It's also a good idea that we follow their project and how many investors believe in it because you also know that their project has an impact on people. And if possible we always keep up with their news which will give us an idea of when is the right time to buy their coin.

I don't think the whitepaper can decide on a project because recent projects are stealing ideas from so many different projects in this market so I believe that whitepaper evaluation is not necessary. In my opinion, the most important thing is to learn about the development team of the project and if the community works well, the project will receive a lot of great attention from people.

In fact, many success factors are needed but if the project has good news that makes the coin value increase, then the project should be considered in the investment.

[adzino]

Not that picky. I just invest on those well known altcoins that are currently dominating the market. You know most of the altcoins are just clone of other coins. Those are the shit coins that gets pumped by the developers and then eventually dies. Go to coinmarketcap. Look for coins that are currently on the top and select altcoins that you think have some nice potential.

[Mike Mayor]

I ask my self if I see myself using it months from now? Years from now? If I am going to use it what will it be used for? Will it give me some sort of claim or stakes in a company or project? OR will it simply be used as a means of payment? If so then how fast will it be? What will the fees be? Where does the coin or token see itself in a year from now. All these questions and more I will ask the devs and I will join their telegram and see what they talk about to their supporters and see how they handle questions and conflict and things like that. Then when I can see the project is going somewhere and they have even just a small amount to show for it then I will take part. If all they have is a website and social media then I am not interested. I would rather follow someone with a basic website if their intentions are pure and good. Fancy graphics and websites do not make a project automatically good.

[ajiz138]

For the moment I avoid new projects, I also don't buy new coins. The only thing I believe right now is ETH and BTC, apart from that coin I am not interested. Holding ETH and BTC is more profitable than other altcoins. If you want to get a quick profit you can trade.

Bitcoin and Ethereum are always the number one trading options in this market because this is the easiest way to make money but requires good knowledge and good analytics in this market. I think any of these traders face a lot of great risks in investing but if they have a smart investment strategy they will avoid a lot of big risks. I not worried about investing but I am always careful about volatility of this market because that is what makes people most afraid.

Votality is indeed a major problem in crypto. Many are suddenly rich and suddenly poor because of crypto voting, fluctuating prices make ordinary people or new investors afraid. But for traders who are professional, price fluctuations can be utilized to get profit from any price difference.

Altcoin is a good bit of bitcoin among which is BNB owned by binance or can choose altcoin in the order of 100 in the CMC.

[nicecrypto]

It is very tough nowadays to choose the right project to invest on or the right coins to buy, if you are looking to buy the already listed coins, your best way is to go through all top 100 on cmc if you can, do some reading about them, see the team behind it and else is important to you before choosing which to buy,

But if your interest is on new project, look for those with actual working product or services to offer already, all this many projects in the market with no actual utility are a complete waste of resources, at the end most of them are not able to deliver their promises.

[SanZoldyck]

if you want a short term investment maybe IEO is better to follow, if you want a long term maybe Old Altcoins like Ethereum are more useful to invest

[rmhuntley]

The new project now does not know the direction of the future, if I do not participate in the new project. I'd rather invest in crypto-clear projects like Bitcoin, ETH, BNB, LTC and XRP. Because it is more potential ahead even now the price drops.

[Pamadar]

the development of a project and community are considered things that can be used as a benchmark in choosing altcoin. maybe like the Volume coin on the market and the way developers hold prices we can also monitor. one of them Vechain until now the community is active well and the price still able to make a profit I guess. And don't forget to choose exchangers whose volumes are largely (top exchanges).

The continuously working progress of the developing teams even there's a big downfall from the market. It's a good factor that the team is not leaving the project and the chance that it will going to bounce back is always possible. It's hard for every investors to pick the right project but if you have a good glimpse with how the project will continue and how the teams are trying to keep the coin alive, you'll be able to buy those coin while dipping and hold for some time to earned when the strong market arrives.

[SheriffEl]

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

...then I look into the team behind the ALT.

Why is it so important to see the team? Many successful projects do not show who is working there out who is the owner.

[SheriffEl]

This question has always been asked many times here, there has been a lot of discussion about choosing a good project, maybe you can listen to some of these threads.
https://bitcointalk.org/index.php?topic=2233141.0
https://bitcointalk.org/index.php?topic=1749996.0
https://bitcointalk.org/index.php?topic=3625218.0
https://bitcointalk.org/index.php?topic=3087088.0
https://bitcointalk.org/index.php?topic=4235148.0
https://bitcointalk.org/index.php?topic=5096183.0

You can give a conclusion from the discussion of the previous thread, maybe for now my advice is to be more careful in finding projects because there are far more scammers.

Thank you for the links, will look into it. In my opinion there will always be scammers, that is why i opened this thread as i noticed that many people are victims of scam in the last two years. I always wondered how to see a scammer, some of them are really good.

[Ayiranorea]

Hello

Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.

...then I look into the team behind the ALT.

Why is it so important to see the team? Many successful projects do not show who is working there out who is the owner.

The team isn't important, but the involvement of persons who already have good reputation in the crypto ecosystem will add more value to the project. Also when popular faces were in the team the project tends to keep themselves updated with time. For these reasons most of the time before investing people look for the team behind it.

[debitel]

Do you know any projects that you believe has a bright future?

I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.

In my opinion, you should do your own research, like if you think this is what the market needs right now, or if you believe that the project is a good/smart idea, etc. If you are looking at an ICO, I would advise you to do more thorough research and do not invest money right away, pay attention to the project for a week to see if there is any progress.

Two projects that i'm following at the moment are MargiX and Newscrypto, i think that i will invest small amount of money (100-200 USD) and see where it goes!

[adaora2323]

Altcoins are the most risky investments to ever involve in. This is however because a lot of projects disguise to be the needed solution to particular problems. In this way, being an investor, one needs to be smart enough to making viable investments. I don't usually get carried away by promises. There are certain things I look out for in any project. And they are:

1. Those involved in the project.

2. The projects use case if its viable and promising.

3. White paper

4. The roadmap.

Currently, I am bullish about Etherum and Atomic Wallet coin. Most especially Atomic Wallet coin. The team is very outstanding with advanced know-hows of the block chain technology. Aside this, the team also have other successful projects. Whenever am to invest in any project, if possible, I check out for previous projects handled by the team if successful or not. Definitely a project which previously involved in a successful project (s) will still ensure the current project goes on successfully as they won't want to dent their image and reputation.