What are the things to look for when buying Altcoin?

[91254vvpatel]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

[ZaraCB]

The current cryptocurrency market is highly volatile. Buying any altcoin at this time is a little risky. Because I think the altcoin season is almost over. However, if you want to buy Altcoin, you can notice the 24 hours trading volume of that Altcoin, you can notice that Altcoin ATH, you can notice the difference between the current price and ATH.  Then you can buy coins at a convenient price.

[michellee]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

I am trying to focus on the top 20 coin list and search for which coin can profit. I do not pay much attention to the new coin or project because I am not sure if the new project can succeed in the future. Besides that, I do not know if the new project's news will be right or not, so I think if I can stick to the top 20 coins list, that will be enough for me to analyze and try to make a profit.

[Ken_terrance]

It's not a safe time to buy altcoins right now but who knows? The risk might be worth it, that is if you can afford to lose a certain amount of money, though the best time to invest in coins is bear market, have that at the back of your mind

[Anonylz]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

People will tell you different things what to look out for in buying alts since risk is here mostly with alts, (things like the dev profile, past and present experience, project ideas, partnership, utility and so on) but truth is this things are just one part of it, the other part is the future uncertainty, if the project will survive long term (which depends entirely on the team and how committed they are to the project)
So at the end, it is all about following your guts feeling and taking risk, don't forget even top 20 alts is not a guarantee, take xrp as an example.

[777Jolami]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

A prerequisite in the crypto market is that you must be consistent with knowledge and preparation.  Volatility is a good thing for this market, not to find anything but to learn and what the plan will be?  Don't let your mentality be dominated by procrastination.  What is planning ahead of your strategy and specifically defining your goals!

[Dr.Osh]

before buying altcoins, I saw the potential development of these altcoins. if there are developments such as going to listings in popular markets, or developing concepts, and projects, then that could be a good reason to own the altcoin. however, I'm currently only focused on popular altcoins.

[adzino]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

Maybe look for coins that are well established? Coins that are constantly being developed and has an active community. Avoid coins that offer nothing new and are just clones of other coins. Don't go chasing after coins that are being "pumped" 100x in a day. Those are usually shit coins and are being manipulated by the developers so that when people starts to invest in those coins, they can dump it and make profit for their own while rest of them suffers. Just learn about the coins before investing it and see how much potential it has.

[FireBallex]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

I would keep most of my funds and use very small amount to buy promising projects like DOT, LINK or other to make good profits, honestly this isn't a time to go way in unless you have other means of survival, jobs or work etc, buying now is just too risky but what can anyone change if they aren't willing to take risk? So risk only what you can afford to lose

[Bitstar_coin]

Those alts that was introduced since 2018 and still keeps developing and bringing new updates and making good partnerships any time they good can consider good enough to invest on, at least this coins have been in the market for some time and have been doing well to keep the development of the project going.

[Shallow]

Before buying, you need to decide or instead your main focus should be on, if it will be for long term or short term, this is because top altcoins are good for long term since the team has already decided on what they want and continues working on it while many new altcoins are not good for long term, and the reason is many might do swapping in the near future and if you are not aware, you end up losing, another reason is that, many project team are only active during the launching of the altcoins and once they are listed, they goes into hiding with the excuse that they are working behind the scenes but yet the price keeps dumping, the group becomes dull with little to no activities and slowly they might leave the project.
Also, you need to focus on how active the team are, especially the CEO and most importantly, you need to focus on the use case and what the team has down so far towards bringing it to reality, because many team are excellent in writing their ideas on whitepaper but fails woefully in bringing it to reality, not even an MVP to showcase how serious they are.

[WalkerIVIV]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

The main focus should be the fundamental of altcoin and liquidity. You must also take the momentum as a thing that must be considered by the investors.
In fact that if the bearish market will always become the best time to buy back and wait for the recovery.
Timing is also a part of factors that must be taken as consideration before try to by the coin. As long as you buy that in the correct time and when you can enter in the market at the correct time and you willl be get a lot of profit.

[Maxstl007]

Let your top priority be the project's potential, how useless the project is will determine it's adoption rate, look at Polkadot performance presently, at first things was slow around this project but after some new projects did well running on Polkadot the project became noticed and everyone keeps taking their piece

[pakhitheboss]

It all depends on your level of understanding. If you are a noob then invest in the top 50 altcoins on CMC. If you are able to analyse and understand the concept of a project then invest in IEO or ICO. It all depends on how much you are able to deduce a project based on the white paper.

[mamesso]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

Investing in the cryptocurrency is starting to attract attention, the most important thing is that we must know when is the right time to enter and when is the right time to leave. Usually before I get into the crypto market, I always check the historical price of a coin and analyze whether it is in an up or down trend. Yeah, currently the crypto market is unstable, making a purchase is a bit risky, but I always use stop losses strategy, my focus remains on the top 10 coins and buy some top altcoins to reduce the risk of loss.

[zaim7413]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

Although it is difficult and cannot choose options easily, it does not mean traders should stop at this time, because people who are always focused will always find ways and ways for this, because when the price of tokens and coins starts to rise like now, then you can buy USDT tokens first to store your assets, but if you already have tokens other than USDT, then you can place a sell order at the price you want.

[Claudio99]

I would put the team first, I've seen very low quality project that have great team and the projects are very much successful till date, it's all about how good and determined the team of a project are, it's why some only invest in projects from professional teams

[meanwords]

For me it's the whitepaper. In essence, you can see their intentions from reading their whitepaper. You can also spot unsuspecting things from the team by reading the whitepaper. For me though, I decide in the whitepaper to see whether the project is being handled by 15 year old monkeys or a dedicated developers. Well, we have our own preference, this is just mine.

[Mauser]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

The biggest factor for me when buying an alt coin is how popular it is. I tend to look at the average daily volume traded in that coin voer the last 90-180 days. If there is almost no volume in the past and the trading only picked up recently it might be an indication of more investors swichting into that coin. So if the price is too high now, it might be better to wait a few month again and hope for a lower price again once all the short term traders swichted out of the coin again. Also looking at past traded volume in a coin can help give an indication on how fast you could liquidate your positions again.

[southerngentuk]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

First stop thinking about how you can get rich quickly, and keep looking for ways to secure your wealth before you want to increase it. That's what I think people need to do during the alt season, typically the last short time when the market has had a lot of changes and the signals are not clear and people start to sell what they bought and accept. receive losses, those are the mistakes that people make when coming here to seek wealth.