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Author Topic: How do you choose which altcoin will you buy?  (Read 2756 times)
Bagiira
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May 05, 2020, 02:27:05 PM
 #321

Good projects are old, successful projects that have already made a reputation for themselves and feedback from the community. New projects - you need to be able to recognize the prospects and opportunities, such projects involve greater risks.
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May 05, 2020, 05:52:14 PM
Last edit: May 05, 2020, 06:14:32 PM by Rafiqul
 #322

I think before buying any coin he should make a decision based on the current status of the project, future plans, skills of the project team. However, it is easier to choose from the coins at the top of the list of CoinMarketCap. But you have to invest considering that there are risks in cryptocurrency.

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May 05, 2020, 05:58:43 PM
 #323

Good projects are old, successful projects that have already made a reputation for themselves and feedback from the community. New projects - you need to be able to recognize the prospects and opportunities, such projects involve greater risks.
Yes, and old projects are on average good, although not all are good, some are dead, but usually old projects are good for investment, sometimes people also need good new projects to make them more profitable at the moment, and this is very difficult to find.
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May 08, 2020, 07:36:00 AM
 #324

Good projects are old, successful projects that have already made a reputation for themselves and feedback from the community. New projects - you need to be able to recognize the prospects and opportunities, such projects involve greater risks.
Yes, and old projects are on average good, although not all are good, some are dead, but usually old projects are good for investment, sometimes people also need good new projects to make them more profitable at the moment, and this is very difficult to find.

Yes that is true the old project that are still Exist I think they are good to invest because they are already pass through some tough periods and they survive.
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May 08, 2020, 09:57:57 AM
 #325

always read news regarding altcoins, you see it will help you a lot to choose what to buy and what is not , also read articles, from a legitimate source,  also here in bitcointalk , lots of people wil help you, if you will be active, altcoins  really hard to read but with a person with a lot of experience you can have ideas whats are the best coin to buy.
I think this forum is more reliable than what we can read outside the forum, you will read news outside and look for such discussion in the forum so you will read what are the opinion of the members here, for sure you will read a more honest opinion than just reading what the writers have written in a certain article.

BlackboardTrade524
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May 09, 2020, 05:46:43 PM
 #326

It much better if you research any projects that you wanted to support yourself and do investing your money in them, it should be  technically innovative in the ways of decentralization space . Make sure the are popular enough in Twitter , Telegram & Facebook. Observe trading volume and exchanges list. BE very specific in some certain coins which can be profitable , don't  investing in dead coins which team are not in development for the coin . Thanks




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May 09, 2020, 05:59:42 PM
 #327

Doing research and watching charts, this is the way I choose my coins that will be in my portfolio for a long time, here are few things I set my mind on

1. Use case
2. Trading volume and liquidity
3. Team Professions
4. Road map and whitepaper

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May 09, 2020, 06:10:09 PM
 #328

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.
Speaking of coins from the top 100 list, there is a good site that gives an estimate of the value of coins.  You can watch a specific point in time and understand how a coin behaves in the time interval of your choice.  Analyze and invest.  The choice is yours in which coin to invest.  Convenient site for analysis: https://cryptobubbles.net/

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May 09, 2020, 07:57:19 PM
 #329

For long time investment old coins is better and for short time investment IEOs is better even there has popular exchange IEOs. After all don't take scamming project offer then you money may be loss.

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May 09, 2020, 08:52:08 PM
 #330

Buying coins now requires thorough investigation and close monitoring both on social media and everywhere, also check CMC for top coins so as to be sure if your investment. I will also advise you not to follow speculations from people because it may likely hurt you but following CMC will help. Anyway till date I am a fan of old coins with potential.

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May 09, 2020, 09:01:38 PM
 #331

I usually choose to buy altcoins in a very simple way.
- Read the Whitepaper to see the formation process, core values ​​, and future goals.
- Check the supply and price of coins on the market, I often pay attention to the coins with at least 80% of the amount in circulation in the market.
- And finally, check the transaction volume.

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May 09, 2020, 09:05:58 PM
 #332

Buying coins now requires thorough investigation and close monitoring both on social media and everywhere, also check CMC for top coins so as to be sure if your investment. I will also advise you not to follow speculations from people because it may likely hurt you but following CMC will help. Anyway till date I am a fan of old coins with potential.
Coinmarketcap indeed meritorious for many people because coinmarketcap is a place to do research to buy an altcoin and to be able to buy altcoin then usually I will see from the supply of altcoin, the projects they develop and which exchange places are available altcoin, make sure everything is legit and safe to buy.

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May 10, 2020, 02:48:12 AM
 #333

In altcoin announcement section, there are many threads of altcoins created there.
I usually find altcoins from there, read their project ann and research them. Searching altcoin in coin listing website is a good way too.

ahyadinnn
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May 10, 2020, 04:05:17 AM
 #334

Buying coins now requires thorough investigation and close monitoring both on social media and everywhere, also check CMC for top coins so as to be sure if your investment. I will also advise you not to follow speculations from people because it may likely hurt you but following CMC will help. Anyway till date I am a fan of old coins with potential.
Coinmarketcap indeed meritorious for many people because coinmarketcap is a place to do research to buy an altcoin and to be able to buy altcoin then usually I will see from the supply of altcoin, the projects they develop and which exchange places are available altcoin, make sure everything is legit and safe to buy.
not only Coinmarketcap you can use to search for altcoin, you can use coingecko, in my opinion coingecko is more complete about the explanation of every coin and they are always on time to update about the coin list, I always use coingecko to see the development of the coins that I buy
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May 10, 2020, 05:02:02 AM
 #335

the first is the project product, the development of coin prices, how active the developer is in auditing the project, how much coin supply is sold in the market, the team always contributes to their group channel and arranges financial management for several other crypto investments or doesn't just focus on investing 1 coin .

For me, choosing altcoin that I first noticed is the average daily transaction, if you have a large daily transaction, it means that the token or coin is in demand by many people and has a prospective product. In addition, in choosing altcoin, I will see whether the coins are traded in many large exchangers

not only that, especially with altcoin ICO we have to see how their tokens grow and look even into their internal team
for me if they are active and have news every week or even month, I will choose the token to invest.

The bases for buying an altcoin which is still offered in an ICO is different from the bases which one should use when deciding to invest in an altcoin which is already offered in an exchange. It is easier to choose an altcoin if it is already in the market for several months. You can already take a look at their performance or their token's condition in the exchanges. But if the altcoin is still in an ICO, it is hard to decide. The risk is also very high.

Agree, the conditions will be different when choosing altcoin that has been traded on exchangers. Altcoin which is still in the ICO stage is still doubtful because it does not have products and projects are still in the roadmap, so the risk will be greater than altcoin that has been listed on the market

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May 10, 2020, 05:31:49 AM
 #336

Agree, the conditions will be different when choosing altcoin that has been traded on exchangers. Altcoin which is still in the ICO stage is still doubtful because it does not have products and projects are still in the roadmap, so the risk will be greater than altcoin that has been listed on the market
yup! i also have the same thoughts as you.
i don't want to choose and buy altcoin which is still in the ICO stage.
i prefer altcoin which has been in the market for a long time, the risk is not too great.

altcoin which is still in the ICO stage is very difficult to predict and we have no guarantee that ICO coins will last long in the market if we hold it.
i don't want to make my investment a charity event for project developers.  Grin Grin
pankaj1234
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May 10, 2020, 06:33:13 AM
 #337

It is very difficult to choose any altocoins these days because there are so many coming every day. It is very important to choose altocoins which has in market from long time and their team looking very serious about their project.you can put your money in that types of projects. Not put money in every ico or ieo altocoins it might gets you losses. Choose altocoins which has some good coming up news or any listing in exchange program. You have to do these types of searches before putting money in.

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May 10, 2020, 06:38:44 AM
 #338

buying altcoin that doesn't have a good experience, is very risky for those of us who bought it. Why is that ?? because most Altcoins don't have real value, they will end up with no value. buy eth so that you will suffer a little risk.

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May 10, 2020, 07:35:37 AM
 #339

For all the newbies out there. Before I invest or trade to an Altcoin, I research first the coin using the Tokenncoin website. They have the complete information you need about the coin. Then I will browse with the altcoin's website.  Wink

BTW, I would prefer ABBC for altcoins. Happy Trading!!  Smiley
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May 10, 2020, 11:26:18 AM
 #340

I first look at how the coins are doing, how the ratio between the trader and the investment, if good, can be reserved token. However, it has to be noticed. Do your research before choose any altcoin .
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