What are the things to look for when buying Altcoin?

[BlackRexuz]

At least before buying it would be nice to see the growth of these tokens, and how many communities and enthusiasts of these tokens are on several exchanges, if it is convincing and good to buy, then it will be better for us to trade, the profit and loss problem all depends on how we are react to it and our shrewdness and our patience is also needed in every trade, so the solution remains calm ..

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[Mpamaegbu]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily.

Yes, that's correct. It's not an easy task choosing a particular alt to invest in, especially at a time like this. Two things have guarded my decision in picking alts to buy in the past, and those are:
1. I check if the alt has utility and use-case. My attention is drawn to alts that have real life uses and can solve relevant issues.
2. The total supply of a coin is another thing for me. I don't like investing in a coin with a huge supply. I like to keep supply under millions. Anything billion scares me. Well, I can manage 1 billion mark if I think a token has irresistible programmes and utility. Anything above 1 billion supply is me just trying to play around with loose money.

However, I have added a third recently — Community. I like to look at tokens with active community on social media. It somehow gives one the idea of what's going on with the project.

[JohnBitCo]

At least before buying it would be nice to see the growth of these tokens, and how many communities and enthusiasts of these tokens are on several exchanges, if it is convincing and good to buy, then it will be better for us to trade, the profit and loss problem all depends on how we are react to it and our shrewdness and our patience is also needed in every trade, so the solution remains calm ..

Most of the tokens perform well if the project has a good use case and a realistic road map. Also we need to see if the supply is not very high and the major portion is not with the devs only. If you are newbie, you can choose from the top 10 altcoins and in most of the cases you will be in profit by just holding them.

[Saisher]

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?

This only applies to new coin or those who are holding a crowdfunding because it's hard to see the potential of the coin, when it is not yet in the market but on old coins you just have to look on three things it's performance in the market, it's community and it's platform they should all score high if they do then it's a coin to invest.

[TastyChillySauce00]

the main focus on altcoins in my opinion is etherum. however, with the situation currently in a bull run, delay buying. Our focus now is to observe the market, whether the market movement will be the same as what happened 3 years ago or not. after a bull run, in an instant it will be bearish. well, if that happens in the future, then we must prepare investments for the next trend.

Why ethereum? we are talking about the thing before trying to buy the altcoins and that will always be linked to the TA and FA analysis which is really needed in crypto. People should focus to analyze the future of crypto-based on the product. The trend will always come when there's something new in the crypto market. The whales will be hyping it.
The observation must be focused on the project.

[bluebit25]

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?

Then you do not understand anything about this market at all, I do not understand it, but your judgment I think it is completely wrong. Given the current market situation, I find it quite easy to choose a coin to invest in, the problem I see in people like you in this market is that people are new to it but hope again finding high profits in a short time, and that is why you always make mistakes in choosing alt.

If you find it difficult to choose, I recommend leaving to avoid wasting money in a meaningless way. Otherwise, listen to this, actively by the coins that are the foundation of the market, in this space we see a lot of those value coins in the top50, and the more important thing is to keep it carefully until the target.

[imran102]

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?

Before buying old coins, check if there is any positive news about it, whether the company is starting a new campaign or not, then buy them. Also check the current price of this company, maximum low price, maximum top price.

[1l1l11ll1l]

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'm usually going after MVP (Minimum Viable Product) or partnership with at least one very well known player in the industry. Then I'm moving to tokenomics (is it adequate) and then to the team. The team should have at least working LinkedIn profiles (to more about them) and best-known in the community.

It's a risk versus reward game. If you don't have the time to do the diligence, stay with the Bitcoin.

Thank you for the insights. I usually focus on the team's backgorund as well as their development on the products they develop. If they don't have a team that is relevant to the industry, I probably won't invest in those altcoins/projects. because the possibility of failure will be high, besides that the activity of the team in building products must also be researched, are they serious or just want to make easy bucks

[trauchot]

I rarely invest in new altcoins due to the fact that a huge number of new altcoins are just scams, so I most often invest in top proven altcoins and therefore I do not need to study top altcoins since I already know their capabilities and technologies and this saves both time and brings me profit on an ongoing basis, and when I sometimes invest in new altcoins, then I usually invest in altcoins that conduct IEOs on top exchanges like binance, because I know that exchanges like binance will not conduct IEOs for scam companies.

[inanilujimi]

My main focus when buying altcoins lies in the concept and purpose of the project, if it is true I think it can be useful in its use for the future of crypto then it is worth having. for sure they have a team that is experienced in their fields not anonymous.

[poodle63]

Before buying old coins, check if there is any positive news about it, whether the company is starting a new campaign or not, then buy them. Also check the current price of this company, maximum low price, maximum top price.

Yes, but if the old coins are already in the popular and top categories, I don't think there is any need for repeated checks, because coins like that are definitely in high demand and are already on all the top exchanges with a very decent volume.

There's already quite the amount of old coins still exist to this day with low trading volume, it's just most of them left in some smaller unpopular exchange like for example BitSend I remembered it was such a bomb back then with the weekly airdrop which amounts to few bucks if I'm not mistaken. It's now becoming unpopular and have low trading volume. Such a waste though. Most of the other unpopular altcoins as you've discussed already died because natural selection based on trading volume which means delisting.

[Mighty_crypt]

The most important things to look out for are team members and the project use case, even if the project has use case like so many others the experience of the team can actually makes the project stand over others like it, teams part are very important, they are the main driver for a project to be successful

[ARNishad_45]

Basically, I will suggest you that you should check the bitcoin price & dominance because altcoins mostly react according to that, if btc dominance & price is having a good correction then you should buy alts in btc pair.

[bitcon]

I rarely invest in new altcoins due to the fact that a huge number of new altcoins are just scams, so I most often invest in top proven altcoins and therefore I do not need to study top altcoins since I already know their capabilities and technologies and this saves both time and brings me profit on an ongoing basis, and when I sometimes invest in new altcoins, then I usually invest in altcoins that conduct IEOs on top exchanges like binance, because I know that exchanges like binance will not conduct IEOs for scam companies.

I always study what interests me this or that coin. Benefits of the token-issuing project for society. Are there any peculiarities in comparison with other projects. What are the developers' plans in terms of project development. If a coin is just a copy of an existing cryptocurrency, then I see no reason to buy it.

[GrosWesh]

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 focuses, according to me, should be :
- The project's use case
- The tokenomics (supply, way the token are unleashed ...)
- The community and the holders (have a look at holders wallet on etherscan for example).

We may add a few other things but, if all is ok in the previsous list, then i could start to 'think' to invest 

My 2 cents

[thesmallgod]

I do not understand the reason why you said it is very difficult to buy altcoin, maybe probably you do not yet understand how to buy because it is not. Just look for any of the top rate exchange platform. Check coinmarketcap https://coinmarketcap.com/rankings/exchanges/, you will find the list of the exchange platforms. Volatility is something that everyone have to cope with because it happens often however, you intend to buy for long term investment, I am very optimistic top altcoin will give you good returns. The current bull runs affect mostly bitcoin and ETH. many of the other altcoins have not really pump like it was in  2017/2018. I believe their own season is coming so this is the best time to buy.

[kindbtc]

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?

At this stage as the market is expected to grow because of longterm bull cycle i would suggest to not take high risk by investing in new projects rather stick with top quality coins and for that i would suggest vechain and tron as i think both of them are high profit projects.

[blockman]

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily.

How come that it became difficult when you want to buy an altcoin? you got too many choices in exchanges to choose from if you're aiming for an altcoin.

Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

Ethereum.
Dot.
Litecoin.
BNB
These four are the contenders IMHO but they do change depending on the market's look.

[k@suy]

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 focuses, according to me, should be :
- The project's use case
- The tokenomics (supply, way the token are unleashed ...)
- The community and the holders (have a look at holders wallet on etherscan for example).

We may add a few other things but, if all is ok in the previsous list, then i could start to 'think' to invest 

My 2 cents

These are the things that we should consider and we should learn to learn before anything else so that this can be use in the future when we are about to wait for a coin to pump, so all people should not be carried away just because of the hype they will buy the coin, it is not good and quiet impulsive to buy coin without researching for it. Project plan should be consider in order for us to determine if the altcoin is goona have a good potential in the market or not.

[tippytoes]

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 focuses, according to me, should be :
- The project's use case
- The tokenomics (supply, way the token are unleashed ...)
- The community and the holders (have a look at holders wallet on etherscan for example).

We may add a few other things but, if all is ok in the previsous list, then i could start to 'think' to invest  

My 2 cents

These are the things that we should consider and we should learn to learn before anything else so that this can be use in the future when we are about to wait for a coin to pump, so all people should not be carried away just because of the hype they will buy the coin, it is not good and quiet impulsive to buy coin without researching for it. Project plan should be consider in order for us to determine if the altcoin is goona have a good potential in the market or not.

If I may add here, when it comes to altcoins, I now look not only the use case but if they have also active users for that application. Because basically, any project can create a good use case but when it comes to actual application, only few to none are using it. So if the use case will not hit in the market, still there is a chance that they will have short lifespan and so it is easy to abandon this project. So for me, it is better to look for app with many users and actively using it , not because they were required to sign up because of some rewards, but because they find this app useful in their daily life. I think that will be more sustainable.