How do you choose which altcoin will you buy?

[efxtrader]

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.

Agree, it is important to know the liquidity and trading activities in the market. If coins or tokens are actively traded on exchangers with large transaction volume values, this is a sign that the project is in demand by investors. Choosing altcoin should not be based on price but based on market liquidity

[Darlingtona]

I do proper research as I do not trust speculations with the way market has turned into. I research for projects and usually monitor thier social media handles before I will have mind and zeal to invest if nothing good comes in or I'm not too convinced I will let it go. But once convinced I buy.

[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.

CHL is the best since 2018, its an real estate project with real use case, the token is very limited and it has burn features as well, you can only use CHL to invest on real estate only and get monthly income

[huu78]

No one knows in future which Altcoin will go up to his project because at any given time all projects can die even though the project is already famous for any constraints.
Because there are all risks in this crypto, I recommend buying and withholding Bitcoins that do have clear prospects of altcoins.

It seems that everyone likes to choose Bitcoin as a long-term investment in this market because the benefits that this coin gives us are really great and have a very high value in investing. In fact, holding Bitcoin cannot make you rich from this time but if you choose altcoin to invest, you will be able to double your profits in short time. If you have accepted to participate, you should risk your investment because fear will only make you spend more time.

I hate to say this but altcoins are now very cheap and should pick some good coins like Atom, BNB, NEO, XLM to hold because these are the recommended options during this time.

You are right, people choose Bitcoin because the risk is not too high than the altcoins if for the long term. If we choose for more profit should take a lot more risks as well.
And it makes us spend too much time when we panic. And the altcoins that you're suggesting are good but not always produce a good profit as well as BNB events that fell drastically, making my friend suffered a considerable loss.

[Pamadar]

I do proper research as I do not trust speculations with the way market has turned into. I research for projects and usually monitor thier social media handles before I will have mind and zeal to invest if nothing good comes in or I'm not too convinced I will let it go. But once convinced I buy.

Proper research and good engagement with the team behind will helps you to convinced yourself in buying new or old projects to invest your money. Learning the process of doing research and observe with how the developing teams are doing behind the projects mostly attracts people to support and invest in, there's always a good chance to those people who will not going quickly but carefully analyze the usage of the project should be prioritize when picking project to invest.

[Nwaka20]

If it's a new project then i will check out if it's conducting an IEO or ICO. I will prefer an IEO especially in a top exchange cause there is always a guarantee that there will be a great number of investors for the project. The usecase of the altcoin matters alot especially if it's unique, hardworking and professional team members will be a bonus.

[Dau1coduot]

I quite don't like new altcoins as they are too dangerous. I love old altcoins which still keep good moving in price, their team is continuing developing project and make updates as they said. For investment, you should buy altcoins like what i said. When the project have important update, price will move ahead.

[yulionoo]

after experiencing two defeats in the new altcoin. I now decide to only choose old altcoins like ripple, BNB and litecoin. I no longer believe in new projects even though Altcoin has a good developer and also has a trading volume. In fact, coins cannot develop. rose several times after the launcing then continued to decline and in the end is not worth or become shitcoin. it's better to invest in old altcoin even though the price of a coin won't fall to zero or die.

[Finestream]

after experiencing two defeats in the new altcoin. I now decide to only choose old altcoins like ripple, BNB and litecoin. I no longer believe in new projects even though Altcoin has a good developer and also has a trading volume. In fact, coins cannot develop. rose several times after the launcing then continued to decline and in the end is not worth or become shitcoin. it's better to invest in old altcoin even though the price of a coin won't fall to zero or die.

Nice, I like your decision because I can relate, the most reliable altcoins in the market for me are those altcoins who survive until now despite of the struggle. They are the strong ones, if we buy them now,  we are buying them at their very cheap price, so eventually as the market recovers, this would also give us a good return as this will surely pump as correction happens.

[Wildwest]

Looking at the chart now it's not easy to choose a good altcoin, but my experience every time I want to buy altcoin I first analyze and learn more so as not to be mistaken in buying, solid altcoin today is still at the top 5 top coins like BTC, ETH, XRP, EOS, BCH, all the above altcoins can be stored in the long run

[trauchot]

Recently, I have been investing only in top altcoins, because it is much more reliable and your investments will always be safe, and if you want to invest in new altcoins, I advise you to invest in those altcoins which conduct IEO`s on top exchanges like binance, huobi, kucoin.

[comchien]

Experience and options are important for each of us when choosing to buy altcoins, if it is a new project, we should not rush to buy it from the beginning, please follow up for a few weeks, if you feel good then you should buy one. There are few and always up-to-date tracking their progress on how the community works and whether or not the community supports it. If you want to be more secure, it is safe to choose the right altcoins in the top 20 of CMC.

[crossabdd]

I always look at coinmarketcap to buy the best altcoin to hold. at least the top 20 coins I bought. I have never bought a coin with a new project. that's very insecure, because the current project is 80% scam. if you are confused about investing or buying coins to hold. You can see in coin marketcap

[kaneki007]

Usually ionly buy altcoin which has the potential for long-term investment, because not all altcoin has that. Researching before investing is important and altcoin must be listed on exchangers with large trading volumes

[barnes13]

I always look at coinmarketcap to buy the best altcoin to hold. at least the top 20 coins I bought. I have never bought a coin with a new project. that's very insecure, because the current project is 80% scam. if you are confused about investing or buying coins to hold. You can see in coin marketcap

That's true. But besides CoinMarketCap, Coingecko and other similar sites, you can consider based on CCID's Global Public Blockchain Technology Assessment Index. They are rating on the basis of tech, applicability, and creativity. Based on their assessment, the top 3 positions are EOS, Ethereum, and Tron. Here is the source: http://www.ccidnet.com/2019/0523/10466693.shtml

[SheriffEl]

At the moment, I prefer investing in more reliable and promising coins. Among the new projects, I don't know what can be advised for investment. It is better to focus on fundamental currencies.

But wouldn't you agree that the higher the risk higher the profit?

[pandanaran]

altcoin which is already registered in a large market and has a good price development., it is one of the altcoins that are used / chosen by many investors. and important for you if you are interested in altcoin investment then you need to consider and buy alcoin at the top of the list in the market. but my advice if you have big money, prioritize to buy BTC and some to buy top altcoin.

[Wysi]

altcoin which is already registered in a large market and has a good price development., it is one of the altcoins that are used / chosen by many investors. and important for you if you are interested in altcoin investment then you need to consider and buy alcoin at the top of the list in the market. but my advice if you have big money, prioritize to buy BTC and some to buy top altcoin.

There are other aspects like trading volume,  exchanges it's been listed as well as liquidity which we need to consider before going for altcoin apart from the overall projects because regardless of features and development team an altcoin can die if it's listed on shifty exchanges without proper liquidity.

[Mighty_crypt]

Altcoins are of different types and they all have the fields they are created for and what you need to do is make sure that what each altcoins you are about to pick fixes in crypto space is something that the whole world can't do without, learn about demand and supply too it will help, if a token has no good demand then the token use case is bad

[TWW]

altcoin which is already registered in a large market and has a good price development., it is one of the altcoins that are used / chosen by many investors. and important for you if you are interested in altcoin investment then you need to consider and buy alcoin at the top of the list in the market. but my advice if you have big money, prioritize to buy BTC and some to buy top altcoin.

There are other aspects like trading volume,  exchanges it's been listed as well as liquidity which we need to consider before going for altcoin apart from the overall projects because regardless of features and development team an altcoin can die if it's listed on shifty exchanges without proper liquidity.

of course, people who will buy altcoin must consider your advice. but sometimes some people only speculate with trade on an exchange. too comfortable and trust the exchange and do not pay attention to how the ability of altcoin to be chosen. see an asset that has increased and increased trade of course if you are a trader you will be interested in buying it.