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Author Topic: What are the things to look for when buying Altcoin?  (Read 1135 times)
kawetsriyanto
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January 29, 2021, 08:58:44 PM
 #81

It's not a safe time to buy altcoins right now but who knows? ~ though the best time to invest in coins is bear market,
It should depend on your goal. If you buy altcoins for a long term investment, then I agree if it is not the right time to buy. But if your goal is for a short-term target such as daily or weekly trading, why not buy now. I already proved that buying altcoins right now isn't a bad idea. I got some money from buying and trading top altcoins such as DIA, SXP, XLM, TRX, LINK, ZIL, and some other top altcoins. So, why not buy now, mate! DWYOR

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January 29, 2021, 09:10:09 PM
 #82

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 volatility of the cryptocurrency market made it something peculiar from all other assets or investments. There is always an opportunity for volatility in bitcoin if when manage from the beginning of investment. Altcoins aren't too volatile, most especially those with stable mentality, so, when chose what altcoins to invest then always remember that: any altcoin without a proper case use won't run for long term rather for short term.

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January 29, 2021, 10:38:03 PM
 #83

I'm attempting to keep my attention on the best 20 coin list and quest for which coin can profit. I don't give a lot of consideration to the new coin or project since I don't know if the new project can prevail later on. Other than that, I couldn't say whether the new project's news will be correct or not, so I think if I can adhere to the main 20 coins list, that will be sufficient for me to examine and attempt to make a benefit.
We're the same, I mostly avoid the new projects until they became popular and proved to be as good as the others. I don't waste my time investing on them but I take my time researching about them.
It is one factor when you buy an altcoin, if it's quite new, you can have a basis that you should avoid it if you want to.

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January 30, 2021, 08:19:42 AM
 #84

Actually, there is a lot to pay attention to when buying altcoins in this period, traders have to think twice about the tough challenges if the bitcoin rally does not happen continuously, because buying altcoins is preceded by analysis that in every movement in the market, especially looking at the buying and selling rate whether there is adoption coins that occur or not all with their own understanding of what level you can and always be careful not to buy dead altcoins
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January 30, 2021, 02:17:30 PM
 #85

network fee might be of one as trader to manage on following customs of personal preference where there might be difference on limit as trader to spends of use with possession of balance on account as complying with terms of  business with the crypto finance.

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February 02, 2021, 03:11:49 PM
 #86

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?
All of them are volatile but you should look for the ones that you will profit from. That’s why a lot of people would usually tell you to go for top coins in the market, since these ones are already well established and there are lots of investors that are buying and selling them daily.

Anyone that wants to make investment should be looking at the potential of the coin to grow in the future, I have seen coins that people will invest their money in and at the end it will not be growing, instead you will be losing money from your investment. So you should make your choice wisely.

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February 19, 2021, 11:38:35 AM
 #87

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 ups and down . However, if you want to buy Altcoin, you can notice the 24 hours trading volume of that Altcoin, you can notice that Altcoin ATH. If you really buying altcoins for short term meaning you want to gain profits for short period of time you need to learn how to trade. Observation must be focused on the project. Then you can buy coins at a convenient price.









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February 19, 2021, 02:14:16 PM
 #88

~
Ranking plays a critical role, because not everybody is fan of low trading volume and no matter how justified your explanation would be to convince investors to invest at that particular coin, you never have the power unless you're like Elon Musk that surely influenced the market a lot.
CMC would be your first step into finding one, obviously.
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February 19, 2021, 03:08:53 PM
 #89

as appealing of different aspects with chance as entering works on trading with the crypto finance, investors might defines of one or more on initials as referring use with unit on initiation as expecting to gains with limit of returns as managing plan on trading with bitcoin and altcoin finance.

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February 27, 2021, 12:32:15 PM
 #90

Actually, there is a lot to pay attention to when buying altcoins in this period, traders have to think twice about the tough challenges if the bitcoin rally does not happen continuously, because buying altcoins is preceded by analysis that in every movement in the market, especially looking at the buying and selling rate whether there is adoption coins that occur or not all with their own understanding of what level you can and always be careful not to buy dead altcoins
As of today, there is no altcoin season yet and all cryptocurrency users are waiting for the period when prices will go up. Based on this, even an inexperienced cryptocurrency user can, without worrying about possible mistakes, make investments in the highest-rated altcoins, having more confidence in future results than investing in unknown or personally unexplored cryptocurrencies.

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February 27, 2021, 01:15:08 PM
 #91

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?

Try to do some research about the coins such their utilities for community, marketcap ranking, the team behind the project, if the coins have big utility it will grow better in the future as many people use it and need it or you can put all your capital to top tier altcoins.


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February 27, 2021, 01:31:17 PM
 #92

Yep it's difficult to find an altcoin that we can make a decent profit but I mainly focus the old coins to invest because it's less risky if you just hold for long term and of course they can multiple your profit if the bull run occurred, old coins can mooning.
Yup, I agree better to invest in old coins like BNB, LTC, & BCH if you have less knowledge about investing in crypto.
First I make sure that they have a great roadmap ahead and the purpose of the project looks promising. Altcoins that are very active community and huge partnership with different platform not only in crypto world but it's a huge point if they are back up with popular companies that exists outside the cryptoworld. If they have plans to be listed in top cryptocurrency exchange like Binance.

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February 28, 2021, 02:38:06 PM
 #93

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?

My main focus will be that coins which has fast and upgraded system at present time. Here i see DOT and ADA is very popular with its blockchain system. ADA now in number 3 position with 37B$ market cap that is amazing and DOT also moving same speed. So there is no objection to choose ADA and DOT coin from market.
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February 28, 2021, 02:55:44 PM
 #94

Look for coins' potential and check their previous movements so you'll have an idea of how to deal with them. Choose active coins with high volume. Check for their prices and see if they're worth buying. Most of the good coins are old coins so doing research will still be a big help.
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February 28, 2021, 03:55:52 PM
 #95

currently, stop buying assets first. the potential for correction can still occur. trends may be different but we have to learn from the experiences that have already happened. some people certainly can't forget what happened to the market throughout 2018.
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February 28, 2021, 09:02:47 PM
 #96

There are 3 things I look for in projects now
1. The quality of the team , a good team will not disappoint
2. The backers, the private or seed investors in the project
3. The level of hype, hype is very important in a project life now especially if you are looking to flip the tokens and take your profit


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February 28, 2021, 09:38:07 PM
 #97

The market isn't always rational, meme coins like dogecoin have more gains recently than many cryptos with a legitimate usecase. So if your main goal is money, you should try to get in early on whatever will be hyped up next.
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March 01, 2021, 04:57:46 AM
 #98

-Purpose of buying
-Investment / Trading
-Analysis

all three in my opinion should be the reason we make purchases and are also based on analysis. because if only based on seeing the price we will not be able to benefit. Many people may be stuck with the price of bitcoin or altcoin because they can't analyze and their goals are not clear for long-term trading or investment

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March 01, 2021, 06:05:29 AM
 #99

-Purpose of buying
-Investment / Trading
-Analysis

all three in my opinion should be the reason we make purchases and are also based on analysis. because if only based on seeing the price we will not be able to benefit. Many people may be stuck with the price of bitcoin or altcoin because they can't analyze and their goals are not clear for long-term trading or investment
Most of the new investors in the crypto market only look at prices and charts. the weakest one is the analysis of the product of the project and its development. if you want to buy a lot of better assets that we must examine first.

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March 01, 2021, 09:50:53 AM
 #100

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 altcoins are very risky, coupled the with the high volatility of the crypto market, I mainly focus on investing in altcoin projects that are already established, the top 20 altcoins are good to invest in, e.g the likes of Eth, Ada, Bnb etc, while for new altcoin projects, there are alot of factors to consider, like how does the project solve the current problems we are experiencing in the crypto sphere, I check the team and how much they were able to raise and the partnerships they have with established crypto projects and so on, would still advise you to stick to established projects to avoid falling for any new altcoin scam project out there.

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