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Author Topic: What are the criteria for choosing altcoin  (Read 1006 times)
DOH!
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April 15, 2022, 02:55:56 PM
Last edit: April 15, 2022, 03:14:36 PM by DOH!
 #81

I think that the criteria is just a general criterion that includes factors for selection in investment.  For me it would be:

1. Utilities/products suitable for future needs (can choose defi, metaverse, featured ecosystem…)
2. Supply
3. real community
4. modern value

Finally, clarify the purpose of speculation is expected to be profitable, supply / demand can trigger the pumps - feature
especially with market conditions like this, I think it is wiser for long-term investments than short-term investments
Like this, buddy.  I am always biased towards long-term portfolio selection.  But short-term is also a point where I also focus on analyzing the next trend.

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April 15, 2022, 03:39:57 PM
 #82

Being an investor is like measuring your own abilities and preferences. I myself like tokens or coins that in the future have price stability and prospects for increasing. Or buy tokens that can increase yourself such as Babydoge, Goma etc.Ada juga yang lagi ramai dibicarakan adalah beli koin game atau NFTThere are also things that are still being discussed, namely buying game coins and NFT games. These days there are many NFT hunters, you can look for them as well as in Mobox and others.
NFT is still in a good and true trend, it is still being hunted by many people but if you want to buy tokens like Babydoge, Goma etc., I don't think it needs to be done now if there are other more useful options to have and make yourself an investor in many just good coins.

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April 15, 2022, 03:44:10 PM
 #83

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?
utility should be the main factor for choosing coins for the future. but everyone has their own view for the future which cannot be blamed, seeing the team and also development for the future can also be the reason for choosing Altcoin for the future.
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April 15, 2022, 03:55:46 PM
 #84

utility should be the main factor for choosing coins for the future. but everyone has their own view for the future which cannot be blamed, seeing the team and also development for the future can also be the reason for choosing Altcoin for the future.
Cooperation partners on the project also need to be looked at even though it is an additional thing after looking at the roadmap and the main team composition, so that many people's belief in a product will be born and exist forever as in many utility coins that already exist today.

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April 15, 2022, 06:18:54 PM
 #85

I think a few criteria is very important to success a project. First of all, solid and transparent team management. Then how much big which community definitely it should be a real community i mean it’s not like that bots/fake community. I think exchange listing is the big factor to consider how fundamentally strong is it in the market. And finally it’s roadmap.

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Odusko (OP)
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April 16, 2022, 12:31:23 PM
 #86

utility is certainly one of the factors that must be seen but there are several other factors that also cannot be forgotten.
choosing the top coins is indeed very promising for long-term and safer investments. but there are some promising investments when the observant chooses a new project that will appear with good development, it will be very profitable.
but back to investors, of course, every investor has their own criteria for choosing the coins to invest.
Yeah, utility is what most investors look out for especially when you looking out for long-term investment but then if you looking out for utility also don't forget to focus your attention on the level of demand and supply this factor always gives limitations to the performance of such coin/token.

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April 16, 2022, 01:43:36 PM
 #87

utility should be the main factor for choosing coins for the future. but everyone has their own view for the future which cannot be blamed, seeing the team and also development for the future can also be the reason for choosing Altcoin for the future.
Cooperation partners on the project also need to be looked at even though it is an additional thing after looking at the roadmap and the main team composition, so that many people's belief in a product will be born and exist forever as in many utility coins that already exist today.
That's very true and I think it's important to pay attention because we can see if the coin or project is a scam or not, we can pay attention from cooperation partners,
basically everyone has more or less the same criteria as others in choosing altcoins

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April 16, 2022, 05:56:26 PM
 #88

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?
Well there are so many factors to consider on choosing what altcoins to invest, and investors has a different way of choosing they have different basis its all up to them, but for me the best altcoin is the altcoin that is already accessible with an amazing use case maybe that altcoin can soar in a long run depending on the team behind the projects, experienced team together with the successful developer that has a successful past project is good.
Mine is simple, and it really doesn't take long to realize that it can work very well in the long term as well. I just invest into coins that have been around for over a year, that is the first step. Secondly I check how decentralized it is, sometimes I do invest into centralized projects too but check the power of the centralized organization, such as BNB but backed by Binance and I trust them. Then I check what the roadmap is like, if they keep on promising and if they delivered so far. If they keep promising but failing then it is bad.

Basically the things that you see and know and heard about. I do not have much, I have 7 coins/tokens that I invested heavily, and 3-4 that invested small time. Works pretty well.

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April 16, 2022, 10:36:21 PM
 #89

Cooperation partners on the project also need to be looked at even though it is an additional thing after looking at the roadmap and the main team composition, so that many people's belief in a product will be born and exist forever as in many utility coins that already exist today.
It's so easy for the projects to just link the fake partners or even made-up partners to ensure the investors they are investing on their projects. It doesn't do shit if there is no legal news about that partners so we can avoid some fake made-up partners whose not having legal info about those partners. It's fine to not having that at the beginning as they can develop the projects much better then grinding for partners later on.

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April 16, 2022, 11:37:22 PM
 #90

There are many criteria, but one of the most important criteria in choosing a good altcoin is the altcoin community. Anyone looking to invest in good projects should see the token community and use YouTube and Reddit to get a comprehensive view of what people see about this potential investment. The second thing is the innovative technology of this token and the extent to which this technology is related to the blockchain also the token team and what they have accomplished and what they have of experience, visions, and future goals for the token.

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April 16, 2022, 11:59:39 PM
Last edit: April 17, 2022, 12:12:18 AM by sayaya17
 #91

There are many criteria, but one of the most important criteria in choosing a good altcoin is the altcoin community. Anyone looking to invest in good projects should see the token community and use YouTube and Reddit to get a comprehensive view of what people see about this potential investment. The second thing is the innovative technology of this token and the extent to which this technology is related to the blockchain also the token team and what they have accomplished and what they have of experience, visions, and future goals for the token.

What you say is true, we must be really careful in choosing coins for investment. Because now there are so many coins circulating that are only
for pump and dump, if we choose the wrong coins, of course we end up losing money. I agree we can choose coins with check the opinion of
the crypto community about the coins we will buy, if more and more people recommend these coins, that's a positive thing that can be our criteria
in choosing coins. Because the coins are good and profitable, of course, many people will recommend them, such as BTC, ETH and BNB are
the names of the coins most recommended by the crypto community. This means that many people benefit from these coins, so don't be lazy
to check the opinion of the coins we buy from various crypto communities that we can find on various social media. So that we can conclude that
the coins are worth buying or not, but of course we also have to study the coins we are going to buy and don't immediately believe people's opinions.

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April 17, 2022, 07:18:44 AM
 #92

I think that the criteria is just a general criterion that includes factors for selection in investment.  For me it would be:

1. Utilities/products suitable for future needs (can choose defi, metaverse, featured ecosystem…)
2. Supply
3. real community
4. modern value

Finally, clarify the purpose of speculation is expected to be profitable, supply / demand can trigger the pumps - feature
especially with market conditions like this, I think it is wiser for long-term investments than short-term investments
Like this, buddy.  I am always biased towards long-term portfolio selection.  But short-term is also a point where I also focus on analyzing the next trend.
You seems to be a good in this hunting mate , the proposed advises are much better to be applied in finding good project to invest with.
though I am sure most of the answers here comes from Bounty Hunters that also good in looking for criteria.
but Long term portfolio for Altcoin is the last thing that I will do, because i will better choose Bitcoin than altcoins for that.

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April 17, 2022, 09:22:10 AM
 #93

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?
each of us has our own criteria for choosing Altcoins, but I personally still choose the top coins that have high volume to be able to remain in the future, even though the opportunity to take profits is small but it is very worth the risk which is also small.
utility is of course the main factor behind other factors.

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April 17, 2022, 10:46:03 AM
 #94

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?
utility should be the main factor for choosing coins for the future. but everyone has their own view for the future which cannot be blamed, seeing the team and also development for the future can also be the reason for choosing Altcoin for the future.
Utility and of course the People behind the project(the Team) because aside from everything it is their work that will bring the project into success

So look at the team instead of everything mate .

to OP? just Buy the ranking coins because that will save you from completely losing .

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April 17, 2022, 01:10:19 PM
 #95

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?

Utility is important, but there are many other factors to consider when choosing an altcoin. hype, community, development team and their project progress. all these things should come to your attention. Hype is important because it determines how popular the project you invest in is. community, the bigger the project community, the bigger the fundamentals. development team, experienced and professional team is preferred. than those who think only about money. and finally the development progress. This is what determines whether the project is worth investing in or not. a project that has no progress just won't survive. such projects rely solely on the hype to pump their coins.

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April 17, 2022, 02:42:13 PM
 #96

~
Utility and of course the People behind the project(the Team) because aside from everything it is their work that will bring the project into success
So look at the team instead of everything mate
.
Team is important and the way they are able to respond to queries is paramount. I know projects that will not respond to basic queries for a while and if you see projects taking time, then it is time to move on rather than expecting them to change.

to OP? just Buy the ranking coins because that will save you from completely losing .
This is not a benchmark you can choose because the ranking keeps on changing, projects with a real use case should be your pick rather than speculative projects and you will understand if they are able to deliver things in time or at least have a valid reason for the delay.
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April 17, 2022, 09:00:58 PM
 #97

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?
each of us has our criteria for choosing Altcoins, but I personally still choose the top coins that have high volume to be able to remain in the future, even though the opportunity to take profits is small but it is very worth the risk which is also small.
the utility is of course the main factor behind other factors.
High volume is very important but not as important as the team behind the project, how can one know how long a high volume coin in the market will remain on the first will of the chart if you can't point to the utility of such coin and how persistence the team are toward the development and growth of the coin.

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April 17, 2022, 09:16:14 PM
 #98

utility should be the main factor for choosing coins for the future. but everyone has their own view for the future which cannot be blamed, seeing the team and also development for the future can also be the reason for choosing Altcoin for the future.
Cooperation partners on the project also need to be looked at even though it is an additional thing after looking at the roadmap and the main team composition, so that many people's belief in a product will be born and exist forever as in many utility coins that already exist today.
That's very true and I think it's important to pay attention because we can see if the coin or project is a scam or not, we can pay attention from cooperation partners,
basically everyone has more or less the same criteria as others in choosing altcoins
It's getting more and more obvious these days because we get to see the real legit ones actually do stuff that requires a good amount of money and also provide like audit and kyc and all that kind of thing. So, if you want to scam someone, you can't provide those things. If you do provide them, and still end up scamming people then we know who you are and we can sue you.

This is why there are so many projects that may fail even though they are legit, but there are none that would provide KYC and who they are and still scam you, that would screw them up. This is why it got easier, I just do not invest in anything new that has not done any of that yet.

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April 17, 2022, 09:50:43 PM
 #99

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?
there are a lot of altcoins today and if you are going to choose you can really have a hard time because there are also so many scam projects, new projects is risky than investing on some proven and tested coin so if you wanted to invest for a long term you need to invest a coin that is already proven such us ethereum, bnb,sol,etc., Coin that has a big name with a big reputation will always give a profit if we can really hold.

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April 17, 2022, 11:59:18 PM
 #100

If the market situation is as it is today then altcoins that are suitable for us to invest are coins that are already ranked at the top or in the top 10 coinmarketcap, because for the future all will again be able to reach the highest value and profits will definitely be on the side of us who currently have capital to invest and are ready to take any risks in the future, Most importantly, the great patience we must have.

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