How do you choose which altcoin will you buy?

[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.

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.

[1714648467]

1714648467

[1714648467]

1714648467

[Paulinerims]

Hey. for newcoins on the market I usually check Coinmarketcap / recently added.

Then I look for the tokens in my niche (simple blockchain project for trading, education, payments etc, and not extra project that promise to change the world to a better place)
.. I find interested in MGX and NWC tokens from this week.

After that, I check the supply, price, holders and all the data behind it

finally if I liked the platform I consider investing and holding for the long run.

[Rikotin]

I don't know projects that have a bright future but I know good coins for long-term investments like BTC,ETH, EOS, LTC & BNB. You can invest with it and make sure you are always ready with every decision you have made as well as the risks.

[CryptoInsights]

For long term small cap coins with great project(FA) and for short term based TA of top coins

[DaMut]

Before choosing the altcoin I always find out the progress of the project and the community. development is needed for a project to strive for the future because without development there will be no demand coming in from the community. if the development and the community are balanced, the project will survive no matter what happens with the market. development is important to make the way for the project and the community is as important as development because without the community, the project will not be used and has no value.

[tromp]

Two main criteria:

1) technically innovative, in ways that help decentralization and censorship resistance

2) fairly launched, so you're not lining someone else's pockets

https://messari.io/screener/fairly-launched-50C491D4 helps to judge the 2nd criterium, although their database is far from complete.

[inanilujimi]

make sure the telegram channels, Facebook, Twitter and other social media have a large crowd and all real users are not from bots.
avoid projects that don't have any function in the crypto world.
observe their trading volume and which exchanges are listed.

[masterrex]

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.

Base on my opinion, if we speak about which coin we should buy and hold, for me that's a complicated thing since most of the people here are often recommend those coins/tokens that they will holding also, in that case i believe that It would be useful if you will be the one to make a decision od which coin or token that you will hold for a long term. But just choose those platform that has already a tract record. base on the top 10 list on CoinmarketCap.  

[barnes13]

It seems better if you research the projects that you want to support yourself and start investing your money in them. Because, everyone's views are different and surely we have our own choices and you too, it would be better if you focus on 1 project that you trust and do all-in on them. But I don't really recommend investing in dead coins, usually they have abandoned the development of the project and there is no good future for long-term investment.

[biddicoin]

in my opinion, you are better to learn market sentiment first. after that you can learn how choose good coin

market sentiment is more important, bcz good coin in bad market sentiment means nothing. it cant get pumped at all

it is different if you buy even shitcoin on good market sentiment, it is possible to get pumped

[Palider]

Choosing whether coins are what really benefits us and has something to contribute to further crypto development. I also look at the bloggers' reviews here and I also read their white papers on whether they have a good project that will help attract more investors. And of course its market motion is whether it is controlled by whales.

[btcdie]

lately I buy and hold TRX (tron), currently the price tends to be cheap. everyone is different about understanding or analyzing projects that have the potential for the future, this all requires considerable time, thought and capital. if you want to invest in ICO or IEO projects my advice is to choose projects that have new innovations in the public. the best I think is investing in the top 20 in CMC, or having a real product, so that the supply of coins or tokens is still needed.

[Ridwan Fauzi]

A bit hard to ensure it as far as I know. Even, most investors who choose new altcoin for their investor place be it through an IEO or ICO they will choose it as short term investment. I mean, when the token has been traded on the exchange and they will sell all of them if has got a profit. As you may know, the price of new altcoin will increase a lot when the exchange has opened it as a trading place.

So, I don't have any suggestion to enlighten you regarding this. But you need to see the cycle and make an analyst against it. I mean, when there is an ICO or IEO appears don't spend your first. Just make an analyst the ins and out of the project and see it the development until the coin has been traded on the exchange, and the last see the movement price of the coin when it has been traded for the first time and with the current price that you see.

[aomakun]

for altcoin investment you should buy altcoin which is at the top rating because investing in IEO projects has more risks. therefore it is better to invest in altcoin which has the potential to be profitable unless you have the ability to invest in projects

[ecnalubma]

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.

If you prefer IEO projects most investors prefer to buy IEO's listed on Binance exchange because they are automatically listed on exchange and expect a good volume after the crowdfunding. But make sure that you did research before you buy anything because exchanges won't influence projects future performance.

[joshy23]

As far as this market is concern, it's tough to choose for any potential alts without doing your research, many will give different projects which they supported and offer qualifications, but it's still your good judgement to pick what you think is good for your investment. Deal with your good research
and follow projects that already have a good communities, communicating or interacting with the developers will enlighten you to whatever progress the team have to offer. It's a good basis of moving project to support for longer engagements.

[GSpgh]

Easiest choice ever. Buy the top 1 in market cap. Advantages:

• Huge liquidity and many ways to exchange with fiat.
• Many use cases if you want to spend it directly.
• Solid network - lots of mining power securing it.
• Name recognition, public acceptance etc far beyond any other coins.

[shodik007]

there are several things that will become my research
- I will make sure this project has a large and active community
- see project partnerships
- see history of trading volume every day
- see which exchanges are listed, it would be better if the project was on popular exchanges

[Cherylstar86]

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.

Nowadays mate it's so hard to find a good project that can be demand in the crypto currency community. As we recall on the previous years there are a lot of scams and unsuccessful projects in which some users and investors here become afraid and have doubts to invest as they already have a huge losses. Well, my suggestion is to research and study more time about the kind of project would you like to choose that can be demand in the world of crypto currency.

[max6575]

investors might also works on cooperation with developer as might with the evaluation of service that the projects to helps of chance as expecting with the numbers as limit on returns to complete as the decision on attaining field of business with the crypto investment.