What are the criteria for choosing altcoin

[southerngentuk]

I personally see a lot of good stuff in this space, and sometimes we don't know how to build the right strategy for ourselves, which leads to struggling to find opportunities for ourselves. Of course, nothing is perfect in this space, and transparent top projects are the top choices for many investors. I personally like ETH, BNB, DOT, LINK,... and especially what I think everyone will want to hold more than BTC.

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[Xxmodded]

I don't have any criteria when choosing some altcoin for daily day trading or long term trading and waiting on DIP price only, not any specific about how to check analyze and looking with chart because I am not really smart and expert how to read with chart. Just checking with daily day price from some coins and looking how much lower and higher price before investing with this coins. Usually in daily day I check with lower price and entry depending with bitcoin situation and looking how potential growing up in daily day. I dislike with some coin looks stable price and better looking some coins have faster for growing up and down.

[whiteblue]

I personally see a lot of good stuff in this space, and sometimes we don't know how to build the right strategy for ourselves, which leads to struggling to find opportunities for ourselves. Of course, nothing is perfect in this space, and transparent top projects are the top choices for many investors. I personally like ETH, BNB, DOT, LINK,... and especially what I think everyone will want to hold more than BTC.

What is already famous and has become popular will always be targeted by many people to have it as much as possible and also store it safely before using it in the trade.
And the coins that you like are coins that are also liked by many people in general so it would be very good if at this time they could be used in trading to get the profit on target.

[ItsCrafty]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

I think first of all we should choose coin which already listed on Top Exchanges specially Binance,Kucoin where volume is good and very low chances of rug pull.
Also choose coins which has strong partnership and top investors like Binance,Kucoin or Coinbase.
Don't buy new coins which just launched because they are risky and you can lose here.

[Ararbermas]

For me the project must have roadmap, white paper wherein for us to see what's the goal of the project itself and of course the purpose and the advantage than other project in the market. also good market cap is required IMO because on that way you can really tell it has a future even it's a new project.

[lixer]

I personally see a lot of good stuff in this space, and sometimes we don't know how to build the right strategy for ourselves, which leads to struggling to find opportunities for ourselves. Of course, nothing is perfect in this space, and transparent top projects are the top choices for many investors. I personally like ETH, BNB, DOT, LINK,... and especially what I think everyone will want to hold more than BTC.

What is already famous and has become popular will always be targeted by many people to have it as much as possible and also store it safely before using it in the trade.
And the coins that you like are coins that are also liked by many people in general so it would be very good if at this time they could be used in trading to get the profit on target.

That is the key point on most of my purchases. I do not invest into things that most people are ignorant about, or not really know the details of it. If you really want to invest into something, it is not about how much you know about that coin or token, it's about how much others know about it.

Bitcoin is the biggest coin for example, and if you invest into bitcoin you know that it is the most known coin and you feel good about it, then you invest into something as big as you can find, eth, ltc, bnb and so forth. But if you invest into coins that are out of top 200, then you would probably realize that it's not something big at all, and should not be considered a good investment.

[||bit]

Need to check the full base of the project.The reason is very simple one,because the people will inverse with out check fully about the project.It’s not a good one,because most of the traders fails.If they invested their money without the knowledge.Many altcoin project was a scam one.They just looking of the profit motive and will close project after the profit.

[Xal0lex]

Bitcoin is the biggest coin for example, and if you invest into bitcoin you know that it is the most known coin and you feel good about it, then you invest into something as big as you can find, eth, ltc, bnb and so forth. But if you invest into coins that are out of top 200, then you would probably realize that it's not something big at all, and should not be considered a good investment.

Projects like Axie Infinity, for example, when they came on the market, few people knew about them at all and they were way outside the top 200, but in 2021 this project has grown so much that many would dream of buying it in the days when no one knew about it. Back in the days when it was worth a few dimes. Do you think the Top 200 is some sort of benchmark of quality and confidence? No, it's just a capitalization rating, not a quality rating. Promising projects at the very beginning of their journey do not always end up in the TOP-200. But that does not mean that it will be a bad investment.

[Reatim]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

I have no criteria at all that Buying a coin that is listed in ranking and in legit casino as well, at least top 50 coins will not be missed in my Folio and also my capacity to keep a coin for at least months and year.
there are so many people that only made their investment confusing when they can just buy coin and Hold them for years.

For me the project must have roadmap, white paper wherein for us to see what's the goal of the project itself and of course the purpose and the advantage than other project in the market. also good market cap is required IMO because on that way you can really tell it has a future even it's a new project.

those are the old style of trusting a project, because they will only cost some bucks to pay someone to create a Roadmap and Whitepaper just like that.

[marine4u]

It is difficult to talk about criteria, long-term or short-term investment will have different selection criteria.  For me, when looking at and participating in the basic investment in a project, trust will be the most important thing to stick with for a long time.  The vision, meaning and utility of the project are part, a well-built community is encouraged.  Of course, I think the current trend is DAO, and you will demonstrate that as part of the development process, the success of the project will consist of the development ideas being launched and built.  Community, leaders will be the criteria for the DAO that I am really interested in.

[peter0425]

Simply , never invest in something that you don't fully understand. thats it .

imagine you are called investor but you know nothing about the criteria? lol that is insane way of investing.

learn first then return to investing , but for now? forget about putting money inside crypto.

It is difficult to talk about criteria, long-term or short-term investment will have different selection criteria.  For me, when looking at and participating in the basic investment in a project, trust will be the most important thing to stick with for a long time.  The vision, meaning and utility of the project are part, a well-built community is encouraged.  Of course, I think the current trend is DAO, and you will demonstrate that as part of the development process, the success of the project will consist of the development ideas being launched and built.  Community, leaders will be the criteria for the DAO that I am really interested in.

wrong Trust does not there to save you, instead it is knowledge and capacity to choose, and also some part are instinct .

[marine4u]

Simply , never invest in something that you don't fully understand. thats it .

imagine you are called investor but you know nothing about the criteria? lol that is insane way of investing.

It is difficult to talk about criteria, long-term or short-term investment will have different selection criteria.  For me, when looking at and participating in the basic investment in a project, trust will be the most important thing to stick with for a long time.  The vision, meaning and utility of the project are part, a well-built community is encouraged.  Of course, I think the current trend is DAO, and you will demonstrate that as part of the development process, the success of the project will consist of the development ideas being launched and built.  Community, leaders will be the criteria for the DAO that I am really interested in.

wrong Trust does not there to save you, instead it is knowledge and capacity to choose, and also some part are instinct .

Yeah, I fully understand that.  Thank you for the reminder.  But what I mean is that some defi projects have DAOs that I'm interested in and are almost in a wrecked and dreary boat where you can't get out and that's how I accept as a trade-off.

but for now? forget about putting money inside crypto.

For me in the dry, negative now is an opportunity for DCA or accumulation.  This is not a time for weeping or whining, but a time for assertiveness i think

[sarmrakib]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Every investor must have their own criteria for choosing the coins they will invest,
the safest is that the top coins are good for long term investment,
but we still need to do our own research after all we can't ignore that

Its always so tough to choose the right coin where we wanna invest our valuable capital .I am agree with you that we all have different tricks to choose our altcoin to invest .I always go through with the trend which are running on the whole community .I wanna clear it to give an example in recent time the community are really go through with the metaverse and web3 project .That's how i start with the best potential project on the market .I try to invest on different project to separate my investment .I also invest on the top altcoin of the market like you ,which are more potential .I just have shared my own strategy do your own research and make yours .

[Cling18]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Every investor must have their own criteria for choosing the coins they will invest,
the safest is that the top coins are good for long term investment,
but we still need to do our own research after all we can't ignore that

Its always so tough to choose the right coin where we wanna invest our valuable capital .I am agree with you that we all have different tricks to choose our altcoin to invest .I always go through with the trend which are running on the whole community .I wanna clear it to give an example in recent time the community are really go through with the metaverse and web3 project .That's how i start with the best potential project on the market .I try to invest on different project to separate my investment .I also invest on the top altcoin of the market like you ,which are more potential .I just have shared my own strategy do your own research and make yours .

We could pick whichever coin we want based on the most effective strategy that we could personally apply. As for me, I would prefer top coins that are more established where I would have an assurance that they wouldn't turn into rug pull. I don't want to risk my funds on coins that are just carried by the hype. Coins that have a strong foundation and good reputation I think would be a good choice.

[Samurai trieng]

I think the coins that are in the top 10 CMC are coins that have very precise criteria to invest both in the long and short term, because these altcoins have very large fundamentals and volumes in the market so that these coins have great potential  be able to provide good luck for you.

[Vaculin]

There are no right criteria for choosing altcoin because every investor will have their own criteria and be different from the other investors. Some of them prefer to invest in a low coin price, while others will look at supply, the project development, the teams behind the project, the position of the coin, etc. Some others prefer to invest in the altcoin from their position and only pick the top 20 coin list for their investment. Maybe you need to find those criteria for choosing an altcoin based on what we are telling you so you will know how to choose the altcoin.

Well, there are a lot of criteria to consider but there is no prefect criteria that will help you to choose and invest in a good altcoin. But knowing an altcoin has a long term utility case, that is one way to choose an altcoin because it will mostly result into long term profitability. However, if you find it hard to choose which altcoin will perform best in the market, then always choose to invest in those established altcoins. They are already proven and tested despite of the market volatility, and are sure to give you more profits than resulting into losses.

[lalabotax]

Every investor has their own criteria for choosing the right altcoins to buy. For me, the most important criteria are:
1. Has a skilled, professional, and active team
Stong team should be the first criteria to be considered. Without a strong team, an altcoin cannot be developed as expected. A bad team may lead to a decrease in the trust among the investors or community. They probably leave the project once they know the team isn't competent.

2. Has a clear and long-term concept
We must look for an altcoin with a good concept, especially those that have long-term plans. For an altcoin that seems to have a short life, we are better to not buy the token. Probably the developer of the token will do a rug pull, to disappear once got big funds.

3. Has a big community
Big support from many people will encourage the token to have a long future. Don't buy a token that has a small community, it is too risky.

4. Has a good partnership with any trusted platforms
This implies that the token is made by a good project and professional team.

5. Listed on reputable exchanges
Avoid buying any token that is listed on a bad exchange. They may not survive a long time.

[Wawa2013]

There are no right criteria for choosing altcoin because every investor will have their own criteria and be different from the other investors. Some of them prefer to invest in a low coin price, while others will look at supply, the project development, the teams behind the project, the position of the coin, etc. Some others prefer to invest in the altcoin from their position and only pick the top 20 coin list for their investment. Maybe you need to find those criteria for choosing an altcoin based on what we are telling you so you will know how to choose the altcoin.

Well, there are a lot of criteria to consider but there is no prefect criteria that will help you to choose and invest in a good altcoin. But knowing an altcoin has a long term utility case, that is one way to choose an altcoin because it will mostly result into long term profitability. However, if you find it hard to choose which altcoin will perform best in the market, then always choose to invest in those established altcoins. They are already proven and tested despite of the market volatility, and are sure to give you more profits than resulting into losses.

There are many criteria for choosing profitable altcoins, but everyone has their own standards in choosing altcoins. So sometimes everyone has
different criteria in determining good altcoins for investment. What is certain is that we must have good knowledge of the crypto world to be able
to choose good altcoins, because investing in altcoins is different from investing in other assets. Altcoins are very much in circulation these days,
so it will be difficult for people who do not have knowledge of the crypto world if they have to choose altcoins. Maybe for a newbie who doesn't have
a good knowledge of the crypto world, they should start investing in top altcoins. Because top altcoins have proven to be good for investment.

[Wildwest]

In investing, of course, we have our own criteria in choosing coins for us to hold, some investors prefer new altcoins that have potential and they do not care about risk and they always hope to get a big profit, but I prefer the old altcoin and already ranked at the top because with the current market conditions it is very suitable for us to invest in the long term in these altcoins.

[newdevices]

In investing, of course, we have our own criteria in choosing coins for us to hold, some investors prefer new altcoins that have potential and they do not care about risk and they always hope to get a big profit, but I prefer the old altcoin and already ranked at the top because with the current market conditions it is very suitable for us to invest in the long term in these altcoins.

The strategy of an investor is indeed different and I appreciate you if you choose the top altcoin on Coinmarketcap for a safe investment,
but you must know that the top coin already has a high ROI,
of course the risk that will be accepted is also much higher than in a project ranked 100 and above coinmarketcap,
try to think first.