How do you choose which altcoin will you buy?

[PavelMed]

If indeed you want to invest in altcoin you have to choose altcoin that is in the top 10 or 20 in CMC, because if you choose a coin that is not yet clear and is ranked below, it will be very difficult and more risky. Now many fake projects are deceiving many investors, do not be lured by the discount given. Must check first. I, as a bounty hunter, also choose projects that I want to work on so that my work is not in vain because I take part in the bounty scam campaign.

The saddest thing is that even in the top 10-20 of the first coins, scammers may appear, and here you have to act at your own peril and risk. Tips like: “study the project” do not work. Because everything can be written very beautifully. But in fact there is no action.

[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.

Of course, I only look at the projects I'm interested in, or if they are doing something which I like in the first place. I have read lots of posts people saying that they invested in a scam or that invested in a token/coin that than failed after a few weeks. How to recognize such tokens? Tokens that you think have a bright future and good project behind but end up failing.

You should be able to see the credibility of the project, it is strongly recommended to look for projects that are transparent about their team members so that we can see the background of each individual working on the project, in addition you must learn the mechanisms and solutions they offer to the community. If that makes sense and they already have the product, then you can pay more attention to details. Updates on development are needed, so make sure you join groups that regularly provide weekly or monthly updates on their progress. There are many more points that you can notice from them such as partnership, how they do marketing, etc.

[posi]

If indeed you want to invest in altcoin you have to choose altcoin that is in the top 10 or 20 in CMC, because if you choose a coin that is not yet clear and is ranked below, it will be very difficult and more risky. Now many fake projects are deceiving many investors, do not be lured by the discount given. Must check first. I, as a bounty hunter, also choose projects that I want to work on so that my work is not in vain because I take part in the bounty scam campaign.

The saddest thing is that even in the top 10-20 of the first coins, scammers may appear, and here you have to act at your own peril and risk. Tips like: “study the project” do not work. Because everything can be written very beautifully. But in fact there is no action.

I supported what you said because the rank hold by a certain coin on the capital market doesn't mean the project is scam free cause the crypto scam are done in varieties of way and there are many coins which are listed on top 20 on capital market and yet they are not good for investment.
Nevertheless, the level of coin support and decentralized nature of coins are what should be put into consideration not coin rank.

[Wapfika]

If indeed you want to invest in altcoin you have to choose altcoin that is in the top 10 or 20 in CMC, because if you choose a coin that is not yet clear and is ranked below, it will be very difficult and more risky. Now many fake projects are deceiving many investors, do not be lured by the discount given. Must check first. I, as a bounty hunter, also choose projects that I want to work on so that my work is not in vain because I take part in the bounty scam campaign.

Under 20 is doesn't mean scam and you we probably could get more profits than investing on top 20. Just like what happened before to DxChain it gained very big growth in a short time. And sometimes top 20 coins is also have slow growth and also it's not always profitable because mostly the top 20 coins are following the bitcoin movement

Top 20 coins is just for assurance not to be scam but does not guaranteed to be profitable, as some of it were all there when ATH happens and after that they all fell in price and finding hard to recover. While those below top 20 still have many rooms for growth but risky in a way if we don't study it since some may easily do a scam exit or just leave their project. All will depends on how we search and capable to handled risk. I prefer to invest with alts with team actively updating their product.

[hulla]

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.

Of course, I only look at the projects I'm interested in, or if they are doing something which I like in the first place. I have read lots of posts people saying that they invested in a scam or that invested in a token/coin that than failed after a few weeks. How to recognize such tokens? Tokens that you think have a bright future and good project behind but end up failing.

You should be able to see the credibility of the project, it is strongly recommended to look for projects that are transparent about their team members so that we can see the background of each individual working on the project, in addition you must learn the mechanisms and solutions they offer to the community. If that makes sense and they already have the product, then you can pay more attention to details. Updates on development are needed, so make sure you join groups that regularly provide weekly or monthly updates on their progress. There are many more points that you can notice from them such as partnership, how they do marketing, etc.

All what you said are something that work fine before the last bitcoin halving but it not an old strategy cause the crypto scammers are using it to scam investors now (an example which i participated in their bounty and update is done after they successful finish their ICO) and this is the reason why some investors believed in IEO launched on reputable exchange site. But, I prefer investing in already working project.

[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.

Of course, I only look at the projects I'm interested in, or if they are doing something which I like in the first place. I have read lots of posts people saying that they invested in a scam or that invested in a token/coin that than failed after a few weeks. How to recognize such tokens? Tokens that you think have a bright future and good project behind but end up failing.

You should be able to see the credibility of the project, it is strongly recommended to look for projects that are transparent about their team members so that we can see the background of each individual working on the project, in addition you must learn the mechanisms and solutions they offer to the community. If that makes sense and they already have the product, then you can pay more attention to details. Updates on development are needed, so make sure you join groups that regularly provide weekly or monthly updates on their progress. There are many more points that you can notice from them such as partnership, how they do marketing, etc.

All what you said are something that work fine before the last bitcoin halving but it not an old strategy cause the crypto scammers are using it to scam investors now (an example which i participated in their bounty and update is done after they successful finish their ICO) and this is the reason why some investors believed in IEO launched on reputable exchange site. But, I prefer investing in already working project.

Exactly, but this is not about the old or new strategies, I told him about the general things and basics that new investors must know. Of course IEO is part of the marketing they do, it's like I said before about how they do marketing is very important. If they have prepared a lot of funds then they can go to some well-known exchanges to hold an IEO there, this way can build their reputation faster. However, there are also some projects that have a limited budget and they must find other ways to optimize their marketing.

On the other hand, not all investors are able to take part in the IEO on a some reputable exchange, because to participate there requires quite a lot of funds.

[sapnu]

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.

Every investor have their own standards and criteria on choosing the right investment for them. It could be based on factors such as popularity, the influence, the team in which that project belong, etc. At this moment, honestly, it is hard to find a good project to engage myself with. I've seen many projects having huge potential, failed in the long run this year. The problem is the bear market. The coins and projects are falling because of it in which I think it would be better to wait for a little longer for now.

For me, it is important to choose a famous coin for me to buy because you have to make a good investment, you can actually consider the reviews of the other investors if that coin is good to buy that time because they are the one who experienced that. We all know the nature of cryptocurrency, the volatility in terms of price. So every coin can experience downfall but you should have faith in a coin you have invested it. Because you are the one who trusted that first, you should believe that it will go far and bring back the old price, you are the one who picked the coin and considering their platform instead.

[stephanirain]

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.

It depends on what purpose will it be, whether it's for invest or for transactions. For the former, it is difficult to find projects with great potential or has more room to grow. Many are short lived ans not really for long term investment but you wouldn't know it in the beginning. For the latter, famous alts are great for buying or paying bills online or shop online goods. Of course, I can only use those coins that have been adopted by the online shop.

[Pinkris128]

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.

It is tricky and risky to choose which altcoin to invest. There is no guarantee that you can avoid scenarios like that. All falls on luck and effort of researching about the coin. After that, you need to understand and accept the risks and terms of what you have planned. But again, there will be no guarantees.

[Polar91]

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?

In choosing which altcoins to hold, I always look at its background chart. In this way, I can ascertain how far this coin has achieved and what is to be expected in the near future. I can use it as a guide if it can go to the moon or not. For your second question, yes and I believe that's ETH and XRP. They both valued much in crypto market as they've contributed on it a lot.

[xiboothrezi]

Do a market analysis, especially fundamentals, to find out market interest.  A strong project with products that are realistic and can be applied in daily life.  there is an easiest way now, i.e. join i.e in trusted global exchanges, it guarantees that the project is quality because compatible exchanges will not be arbitrarily cooperating with random projects.

[BeManga]

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.

today almost all altcoin loses its value because of the bear market
even the project looks promising it will be really hard to predict
so in my opinion stay away from the new project for the meantime you will have a lot of chance of losing all your money

[llecrf]

~Snip~

There are a lot of exchange projects and you can choose them now, this forum has lots of information about new projects and join the announcement thread, there you can see new altcoins and visit coinmarketcap to see the trading volume of new coins you want to have

[lienfaye]

The team behind the project and the whitepaper are my main criterias for eliminating useless, scam projects. The legit projects have a strong team and working product which is essential to strengthen their place in the competition of the alternative projects. Having deep research and experience let me find promising projects for investing.

Indeed, the team and the product they are offering should be unique and has uses so it can survive even in bearish market. However im not a fan of a new projects, when choosing an alts to buy I prefer the old coins that's been here for long period as I find it more safe rather than the new coins popping.

Conduct a research thats how you'll find a good project and dont rely with others suggestions it can be bias if they are promoting or shilling a coin.

[jcarlo]

The team behind the project and the whitepaper are my main criterias for eliminating useless, scam projects. The legit projects have a strong team and working product which is essential to strengthen their place in the competition of the alternative projects. Having deep research and experience let me find promising projects for investing.

Indeed, the team and the product they are offering should be unique and has uses so it can survive even in bearish market. However im not a fan of a new projects, when choosing an alts to buy I prefer the old coins that's been here for long period as I find it more safe rather than the new coins popping.

Conduct a research thats how you'll find a good project and dont rely with others suggestions it can be bias if they are promoting or shilling a coin.

The team developer determines the course of a project to fit the roadmap. To choose coins to be used as an investment, in my opinion it is best to choose coins that have large liquidity and are actively traded on the market. Top 50 coin marketcap is a good choice as a long-term investment, besides having a large market cap value, it also trades on large exchanges

[cutesgirl]

When looking for with altcoin I want to buy, I check with how much volume transaction of altcoin it self, if less volume transaction I will not invest and buy this altcoin, check with how many big exchange market listing whit altcoin I buy, if list on shit exchange market never get investing there, now focus with altcoin have higher volume transaction and get listed with many exchange market for listing.

[sends1]

if I am not sure about a new project, I will buy altcoin for sure which is already on the exchanger. I think it's still a bit difficult to analyze a new project, whether it will be good or vice versa

[Serco]

It my way when i want tkmo choose altcoin as my portofolio.
1. Filtered coins that have trading volume more than $500k ,it means we will easy to liquidate our coins when it already profit.listing in major exchange will be better.
2. Choose coins that have developers team which is very active in their telegroup, and communicate about their plan in near future or long time.
3. Pick projects that have working projects that used in cryptomarket ecosystem,not only on their ecosystem only.for example binance coins
4. And dont forget to analize based on technical or nearest fundamental that will released in near time.

This the simple technique when i buy coins.

[crypto1987]

Excellent question, the truth is that choosing projects in which to invest is not so simple because there are multiple options, however, we can be guided by some important elements.

The size of the community, when a project already has a significant number of members, then there is a good chance of growth.

Another aspect is the approach of the project and the capacity of the developer team, when you see people who know where you are going and are doing a good job, there are excellent perspectives.

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[Sendi blackspade team]

if I am not sure about a new project, I will buy altcoin for sure which is already on the exchanger. I think it's still a bit difficult to analyze a new project, whether it will be good or vice versa

no one advises you to invest in new projects. if you want to try it you should try to improve your ability first. anyway if you don't want to invest in a new project that means you don't support market growth with a new project. too bad because you are now also promoting a new project. not only support the campaign, if you can be sure of the project that you support, maybe you can start investing in the project that you are promoting.