What are the criteria for choosing altcoin

[TimeTeller]

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.

A lot of old timers will prefer those rock solid projects rather than investing on hypes.
If the project has good foundation, you know that your investments will not disappear into thin air.
So if you want a good assurance that you won't be screwed, would be better if you hold those top alts.
Also, look for actual applications. Is their network heavily used by crypto users?
Or are the services catering a lot of users and not only few? Because that will determine the survival of the alt.

[cvasy]

snip

I should have criteria for reviewing projects like your analysis above, that project reviews should be monitored regularly to test quality and utility, I agree that it is appropriate to hold top coins over new coins because there is no guarantee the project platform will be developed according to the roadmap.

[GelatikKembar]

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.

The top altcoins such as BNB, Ethereum and XRP indeed we have to be patient in terms of investment, these three projects are indeed very good,
and have Fundamentals which in my opinion have an S rating, which means Super good fundamentals, and of course makes investors comfortable,
but for someone who is new to investing in crypto, you certainly have to be patient and have to be careful, because the price of the top altcoin has reached its peak,
there may be indications of a dump in the future.

[someone703]

The top altcoins such as BNB, Ethereum and XRP indeed we have to be patient in terms of investment, these three projects are indeed very good,
and have Fundamentals which in my opinion have an S rating, which means Super good fundamentals, and of course makes investors comfortable,
but for someone who is new to investing in crypto, you certainly have to be patient and have to be careful, because the price of the top altcoin has reached its peak,
there may be indications of a dump in the future.

I think it's not just a matter of patience as the coins you are referring to are really well known in this space, but not everyone approaches it and believes in the future. An easy strategy will make the investment safe and give better returns. I personally think a few criteria, like how they operate in this space and how they solve problems, will help. Of course, popular names such as ETH, BNB, DOT, and so on are profitable for those who believe.

[Chato1977]

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?

the Only criteria i Use is to follow my instincts and also follow my mentor .

I know that sometimes i lose but lucky that most of His advices brings winning for me, several times this year that i earned at least 20-30% each investments.

snip

I should have criteria for reviewing projects like your analysis above, that project reviews should be monitored regularly to test quality and utility, I agree that it is appropriate to hold top coins over new coins because there is no guarantee the project platform will be developed according to the roadmap.

that is for new project but what about those existing one?

[Sayeds56]

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?

My criteria to choose coin for investing of trading is as follows:

1- One of top 20 coins listed on coinmarketcap or any new project like STEPN ( GMT ) and I take part on Binance launchpad.

2- I trust technical Indicators like RSI and MACD and take exit and entry based on signals generated on weekly charts and don't buy coins/token in one step, I rather use 3 steps buying strategy.

3- I use Money/rsk management tools to avoid total loss of capital.

DYOR

[breathlessz]

The top altcoins such as BNB, Ethereum and XRP indeed we have to be patient in terms of investment, these three projects are indeed very good,
and have Fundamentals which in my opinion have an S rating, which means Super good fundamentals, and of course makes investors comfortable,
but for someone who is new to investing in crypto, you certainly have to be patient and have to be careful, because the price of the top altcoin has reached its peak,
there may be indications of a dump in the future.

I think it's not just a matter of patience as the coins you are referring to are really well known in this space, but not everyone approaches it and believes in the future. An easy strategy will make the investment safe and give better returns. I personally think a few criteria, like how they operate in this space and how they solve problems, will help. Of course, popular names such as ETH, BNB, DOT, and so on are profitable for those who believe.

although the top altcoins are nearing their peak, the aforementioned altcoins have a better level of security than us investing in new altcoins, which have a much greater risk, especially for beginners, I think allocating most of the funds to these altcoins will be more well, while we learn to analyze new altcoins, of course with a small capital, so that over time our analytical instincts, both technical and fundamental, will form by themselves, by going through a lot of experience.

[domoy77]

the Only criteria i Use is to follow my instincts and also follow my mentor .

I know that sometimes i lose but lucky that most of His advices brings winning for me, several times this year that i earned at least 20-30% each investments.

Actually, the instincts of the hearts and minds of others must always be balanced so as not to feel confused when carrying out any investment because without someone to direct, I think someone will also get lost if they only rely on instincts from ourselves.

[BitTraderCute]

1- One of top 20 coins listed on coinmarketcap or any new project like STEPN ( GMT ) and I take part on Binance launchpad.

binance launchpad already proven as profitable projects , most of from this pad succesfully give us huge profits. maybe this is the best way to pick project that will give us money only in short term.

2- I trust technical Indicators like RSI and MACD and take exit and entry based on signals generated on weekly charts and don't buy coins/token in one step, I rather use 3 steps buying strategy.

3- I use Money/rsk management tools to avoid total loss of capital.
DYOR

another technique to pick tokens or coins based on their technical position, if we find any signal from RSI or MACD and confirmed by market sentiment, it should taken immediately or we lost best price before mooning.

[SirLancelot]

I think it's not just a matter of patience as the coins you are referring to are really well known in this space, but not everyone approaches it and believes in the future. An easy strategy will make the investment safe and give better returns. I personally think a few criteria, like how they operate in this space and how they solve problems, will help. Of course, popular names such as ETH, BNB, DOT, and so on are profitable for those who believe.

It is understandable, I mean not really understandable but it is like something we got used to at this point. Like for so long I have seen people that got too impatient and sold and then as soon as they sell the price goes up.

They do not get "why" it goes up as soon as they sell, they wait for many years and then the moment they sell it goes up. Solution? Don't sell? I mean simple as that, if you sell then eventually you will miss it go up, just don't sell, keep holding it and eventually it will either go high, or it won't and you will either make a profit or you won't but there is no missing out possibility in that case. Why can't they see it? Don't know, but too many people do that.

[bigjuk]

1- One of top 20 coins listed on coinmarketcap or any new project like STEPN ( GMT ) and I take part on Binance launchpad.

binance launchpad already proven as profitable projects , most of from this pad succesfully give us huge profits. maybe this is the best way to pick project that will give us money only in short term.

I remember when I followed the Safepal launchpad on binance, I only paid 0.6 bnb but when the first open market sfp was able to go up 1000% more and I got a fantastic profit, indeed the Binance launchpad is very much anticipated by traders or big investors because it is certain that we  will benefit if the token is already listed.

[bitgov]

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?

If basic research, i.e. fundamental analysis (dev team, roadmap, whitepaper, tokenomics, advisors, etc.) is promising, the moment of entering the market is important to me. I noticed that it is often profitable to invest in a project that, even when it enters the market during the bear market, but you invest in it at the time of entry, i.e. at the lowest possible price, the price cannot drop any more and you just wait for the trend on the market to change . When this happens, the price of the project from the lowest price simply starts to rise. So at the time of bear market, apart from the analysis, the most important thing for me is to invest as early as possible, and preferably on the day the project enters the market.

[milewilda]

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?

1. Utility
2. No anonymous devs
3. Active development and continuous changes

This is 3 of the things i do really much prefer on seeing before i do make investment with some altcoins specially if its new even though its not really that precise
nor give out assurance of success but still you could really still have some chance on hitting a good project rather than on having no criteria at all.

[ololajulo]

My only factor for supporting project is the number and the type of supporter or partners. Some partners are capable of dictating the pace and achievement a project irrespective of the prevailing condition in the market. For new project with VCs, they are privileged to some information that could are reliable. VCs like 3 arrows, A16 etc

[someone703]

although the top altcoins are nearing their peak, the aforementioned altcoins have a better level of security than us investing in new altcoins, which have a much greater risk, especially for beginners, I think allocating most of the funds to these altcoins will be more well, while we learn to analyze new altcoins, of course with a small capital, so that over time our analytical instincts, both technical and fundamental, will form by themselves, by going through a lot of experience.

I don't know if that's a personal opinion or if many people are thinking the same thing when witnessing the entry of new people into the market. Many people are almost too dependent on information from someone to make them suffer. passive and stuck in their own understanding. It can be a common mistake in life when any field of industry that we approach always needs a certain understanding. Knowledge is too broad. Don't just look at money but run after it. I myself have not yet determined whether those things that come to me are really good or not.

[Bonenx14]

1. Utility
2. No anonymous devs
3. Active development and continuous changes

This is 3 of the things i do really much prefer on seeing before i do make investment with some altcoins specially if its new even though its not really that precise
nor give out assurance of success but still you could really still have some chance on hitting a good project rather than on having no criteria at all.

I think you stated the criteria for a new project but for altcoins that are already listed on trading it is necessary to review the liquidity on the exchange, as well as interaction and support from the community because projects do not thrive without a solid community.

[cvasy]

I remember when I followed the Safepal launchpad on binance, I only paid 0.6 bnb but when the first open market sfp was able to go up 1000% more and I got a fantastic profit, indeed the Binance launchpad is very much anticipated by traders or big investors because it is certain that we  will benefit if the token is already listed.

The launch pad project on the Binance exchange is a favorite list of new projects for investors to get high returns within 1-2 weeks of active trading, for example the GMT project is currently soaring from an initial price of $0.01 and is now $3.2, Binance has the largest member and some active in launchpad program can record sold out sales in 1 second.

[nimogsm]

For me, first of all, it is important which team the project has and what goals who is in the partners and how much money the project itself has.Promises alone are not enough today, this worked only in 2017 when each token could take off, today everything is different.

[monineklutak]

For me, first of all, it is important which team the project has and what goals who is in the partners and how much money the project itself has.Promises alone are not enough today, this worked only in 2017 when each token could take off, today everything is different.

What you mentioned above is indeed very important to consider before choosing a coin,
so do some in-depth research and it will indeed take quite a bit of time but I think it's worth what we're going to get,
It's not an easy thing to choose coins, especially when there are lots of coins in the market

[Captain Corporate]

What you mentioned above is indeed very important to consider before choosing a coin,
so do some in-depth research and it will indeed take quite a bit of time but I think it's worth what we're going to get,
It's not an easy thing to choose coins, especially when there are lots of coins in the market

Sad thing is that it's becoming a race, and that is why you may need to get a bit quicker. Normally if you are trading or investing then you will have to research very carefully and get in afterwards just like you said. However, there are so many people who are making quick decisions and getting in even without checking the project, which results with many of them losing money that is sad, however, if they end up making money then everyone else is too late to the party. There are no more periods where we need to just wait and see what happens, you get in right away and either make money or do not make money and that's how it works these days. I personally believe that we should be focusing a bit more on the slowing down of everyone else than researching faster but if we can't, then maybe we should find a way to make quicker research and figure out if it's good or not.