How do you choose which altcoin will you buy?

[tintian1x1]

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.

if your looking for new projects
for now i'm only believe 2 projects zettelkasten [ZTTL] and solo [XSL] projects
but at the moment still haven't any big exchange but already have a small/mid exchange..

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[meliodas]

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.

I agree with you. It is a huge factor to see if where it is listed before we consider it as a buy option because as much as possible, we should buy cryptocurrencies or altcoins that are listed in a big exchange with great reputation so there is a huge chance for that certain altcoin to grow since traders and investors will trust that coin just because it is listed in a big exchange.

[supercanada1]

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.

The disadvantages of new projects always have been there and project investors should have to comply with the unwritten rules of crypto investing. Studying the project will give the reason why to invest in that project, how to manage the risks in case of a bad market situation and so on. If the investor is lazy and wants to take a ready product, I am afraid that a person will learn the truth in a hard way.

I really do not understand why people want to become part of new projects? They already have the best ones with them. Even with a lot of risk and danger, still chasing the upcoming projects does not make any sense. Nowadays, I see scams more than real efforts. In my honest opinion, it is best to choose the trustworthy coins. We do not need any other coin when we have bitcoin and some good altcoins.

[aji567]

if I choose altcoin in terms of volume and marketcap. in addition, looking at the side of the team and the function of altcoin itself.
choose altcoin that is already in the exchanger or market.

[GideonGono]

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.

Yup, you can choose a good coin where the flow must not have a large gap and if the token has a good buy and sell flow everytime because it has a large potential that the coin would be longer than other coin because of the flow from the market.

[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.

[diazepam666]

If the coin is profitable for in your next trade. That is the actual perfect pick of altcoin so we need to have the analysis idea to do that. There are many trader who usually shares the their prediction on the exchange telegram groups.
If you follow them, that is alone the best way to choose right altcoin.

[Tungsten-1]

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.

Never ever go for new coins the moment they are launched because at that time, the team is giving you great offers but later on we see that the technical team stops working on their projects and lack of updates make their coin die ultimately putting investors in loss. If you have some small amount or you want guaranteed profit, then I will also suggest you coin with famous and profitable coins such as bitcoin.

[rmhuntley]

There are some precise guidelines for how to find the best crypto project for the future :

1. Find ICO in advance
2. Evaluating Cryptocurrency Investment Opportunities
3. See how unique ideas are.
4. Currency distribution.
5. Exchange plans.
6. See which Blockchain is built.
7. See the team composition in each of the expertise and experience in the crypto project.
8. Whitepapers are the most important of the seriousness of a project.
9. Check your community

Source.

[o48o]

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 don't want to be a smart ass but yes, i know coins that have a future. Question is why would you believe me?
Asking this about people in here will get you only biased answers about bags the users are holding, so you should be very careful with those advices.
Most projects on the top of the coinmarketcap have a future as a rule of thumb but it's not guaranteed in any way.
If you get pointed to coins in here, do yourself a favor and research it hard, and research the competition as well.
Binance research has a pretty good summary about coin projects if you want to start studying : https://info.binance.com/en/research/

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.

Wouldn't we all mate? Hate to say but you have to do most of the research by yourself. And this is the part where you shouldn't cut corners by trusting any shills.

[Jercyhora2]

If you're searching for the coins that will fit your needs that do you think have potential, try to visit :

Coinmarketcap.com

You can choose on what coins you wanted to buy o invested in but before getting in on one coins / token you should be more clever on choosing what is the best.

Check their development team, what's their next step to improve that coin. Always check their white paper and roadmap for you to easily trace the potential of a coin.

[Aabcde]

For this, I am not too dizzy because I will definitely take it from the top 10 coinmarketcap. Which of course these coins already have good credibility in running a million-dollar business.
In addition, also do not forget to see what event or milestone they want to achieve in a year. This is very important because it usually becomes a benchmark for fundamental analysis for traders whether to go up or not. But, you must still have your own decision in your heart that which should you choose as an investment.

[ashmodeus]

for now , i just believe altcoins wich already added to major exchange.
just it, well , i am too tired for now to do some research, follow the project on every sides.
and i just make a conclusion , the good project or coins will have a good exchange too on market.

[Innocant]

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.

We avoid those new project its cause of these not promises or not trusted project.
And yes ETH and BTC are worth to buy and many of us in here believing on it, And you said this is profitable and that's true because of this two most popular in crypto. Their are altcoins also more profitable in trading but time to find it.

But if we want more different altcoins just checked it already in the market and make sure is have a chance to increase the price in the future.

[kynaz]

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.

We avoid those new project its cause of these not promises or not trusted project.
And yes ETH and BTC are worth to buy and many of us in here believing on it, And you said this is profitable and that's true because of this two most popular in crypto. Their are altcoins also more profitable in trading but time to find it.

But if we want more different altcoins just checked it already in the market and make sure is have a chance to increase the price in the future.

Most new projects have very little capital and often don't attract the attention of people so those projects will often face great risks. I never choose to invest if the project is not clear and there is no specific roadmap so please consider before making the final option. Now that there are thousands of altcoins available and there are over 100 good projects for you at this time so investing in new projects may not be necessary.

[Landak]

it's easy, just choose xrp or ethereum to buy and don't need to search for or choose coins that I don't understand. I am among the most lazy people to look for information on coins I do not know. so simple just look at the top 10 in CMC can be the most appropriate as a reference for choice.

[NeironixNV]

I choose coins applying to this both fundamental, analysis, and technically. Fundamental analysis allows you to choose a promising asset, and technical analysis is the moment when to make a deal. Here is an example of my asset selection from neironix project: https://www.tradingview.com/chart/XMRUSD/8eX0yGxe-Will-Monero-growth-before-the-hard-fork/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_vote

[Darooghe]

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.

I look at the overall project first. then look to see if it has an actual need for Blockchain or if not an absolute need, any benefits. I look to see if it's realistic and if there's existing product or customer base. If it's something I would use or I see a big need for then I look into the team behind the ALT. If the team has no track record I don't buy into it. Not a big fan of random people starting projects with no backing behind it. finally I pick it when there's benefits to investing such as revenue share.

[cryptic4000]

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.

[bonyaserg]

For myself, I would choose coins such as Bitcoin or Ethereum, as I am sure that in the near future these investments will bring good returns. I proceeded from the fact that the price of these coins is more or less stable and this can bring good profit.