What are the criteria for choosing altcoin

[domoy77]

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

For those who already know a lot of coins, it will definitely be very easy to choose now because between coins that have potential and those that are not, he certainly knows because not all coins are good to choose at this time.
So while doing research, everyone also needs to get to know the coins that are in the best row in the market.

[barbara44]

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.

I do not care about the anonymous devs if they are not really involved too much, just released it and let the public takeover, but if they are constantly involved and the team doing something in the future that they wrote on the roadmap, then of course I will care about it. Maybe they are capable of doing it, or maybe they are not capable of it and their CV would say so.

Plus, the utility part means that there will be a reason to buy it, but just "any" utility wouldn't fly with me, there needs to be some sort of good reason for people to use it, otherwise it would not make any sense to me at all and I rather know what I am getting into and how I could use it if I do not want to just invest.

[savetheFORUM]

For those who already know a lot of coins, it will definitely be very easy to choose now because between coins that have potential and those that are not, he certainly knows because not all coins are good to choose at this time.
So while doing research, everyone also needs to get to know the coins that are in the best row in the market.

It still hard to pick actually even if you say that you already have some experience because there are so many altcoins that are good enough or has a potential. You can only wish to have a bigger capital so that you can invest on most of them. That way you can increase your chances of earning huge.

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's no such thing as race. Its, only in your head. Why hurry when there is always a replacement if you miss one new project? If you hurry and still try to get in late, chances are you will only lose but there must be a platform to know if there will be a newly released coin, I think there was a thread that has been created last time about that. You can try to look for that if you are one of the investors of newer coins. If you are not fast enough, you can always go for older coins. There is no pressure investing on them.

[fauzan Ichsan]

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

For those who already know a lot of coins, it will definitely be very easy to choose now because between coins that have potential and those that are not, he certainly knows because not all coins are good to choose at this time.
So while doing research, everyone also needs to get to know the coins that are in the best row in the market.

For beginners, of course, choosing a top altcoin doesn't really require much thought, because we can buy it anytime without worry, and later it will also rise by itself. it is different from the new altcoins and has low volume, so it is difficult to predict it, although from the prta the road looks good. For me, the most valid one is if the altcoin is going to be listed on a big exchange like Binance, then that is our chance to buy before being listed. Of course after listing the price will go up high and we can sell it immediately, before the price drops again

[bayudndy]

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?

Depending on each person's understanding, we will see the potential as well as the risks of coins in this market. Personally, I have always preferred the best altcoin I know, ETH, but in addition to the trends that accompany each bull market, we will also look at a number of criteria, such as the ability of projects, that is, their problem-solving activity in this market, as well as their transparency in the development process.

[retreat]

Depending on each person's understanding, we will see the potential as well as the risks of coins in this market. Personally, I have always preferred the best altcoin I know, ETH, but in addition to the trends that accompany each bull market, we will also look at a number of criteria, such as the ability of projects, that is, their problem-solving activity in this market, as well as their transparency in the development process.

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

[Ezravdb]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

In terms of community, security, and high adoption, I think Ethereum has had it for a long time even though at this point it seems to have faded, even though it is still running so it's not worth saying that Ethereum is not transparent in terms of development, because whatever new things are always requires a more in-depth study.

[Odusko]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security, and adoption.

In terms of community, security, and high adoption, I think Ethereum has had it for a long time even though at this point it seems to have faded, even though it is still running so it's not worth saying that Ethereum is not transparent in terms of development, because whatever new things always require a more in-depth study.

Ehtereum seems to have a quiet and persistent community and the team are constantly working on improving the ethereum blockchain to accommodate new development and demand one of that move is the new proof of stake algorithm rather than the old way of proof of work which appears to be more rigid and consumes more power to a harsh transaction.

[tbct_mt2]

When you want to choose altcoins, let's focus on old altcoins only. They are safer for your investment, less risk but they won't give you 50x, 100x increase. However, the success of investment includes: don't lose your capital, and get profit. Having both of them is good enough for your investment.

If you are obsessed with 50x, 100x growth for your portfolio, you will fall into gambling with new and risk projects. You can earn big but will lose big later. When you nurture a gambling habit, you will not be able to get rid of it easily. It's better to prevent its growth in beginning.

[bayudndy]

Depending on each person's understanding, we will see the potential as well as the risks of coins in this market. Personally, I have always preferred the best altcoin I know, ETH, but in addition to the trends that accompany each bull market, we will also look at a number of criteria, such as the ability of projects, that is, their problem-solving activity in this market, as well as their transparency in the development process.

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

You both denied it as well as acknowledged it
Speaking of ETH does not need too much analysis because it is not nearly what we normally judge like other altcoins, I think other than bitcoin in this space, ETH still has a good position determined and is invincible in many ways.

[Ararbermas]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

[99Percent]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

In my opinion, the most suitable is Bianace, apart from having a large community, it is also a coin that is widely used for transactions and has a good future.

[Webetcoins]

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

For those who already know a lot of coins, it will definitely be very easy to choose now because between coins that have potential and those that are not, he certainly knows because not all coins are good to choose at this time.
So while doing research, everyone also needs to get to know the coins that are in the best row in the market.

Being a veteran and being aware of many many coins comes with some advantages and disadvantages at the same time. We are talking about "knowing" a lot of coins but we also need to remember that there are brand new things going on in many coins and if you just research it once and then stop caring about it then you are going to end up being upset about it because there will be new things. So that means we need to actually keep up with those coins and need to learn what's going on with them.

This requires people to actually follow up on what they researched on all those coins. But the biggest advantage is that you could avoid some coins and remove them from your list and all you have to do is follow up on the ones you think could be good. This elimination process is our best weapon as veterans.

[strunberg]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

not all altcoin have bad future for long term ,some of them really need time to developt product meanwhile their investors and community haven't patience to wait it come. alot new project have good future but it dumped by their own investors meanwhile dev team serious build it. maybe ethereum investors didnt patience and sold it early we will not see current price. 

[Lagduf]

frankly, utility kinda suffice if the utility is already really great that it could give strong use case for the altcoins but honestly some of things that also matters heavily are things like marketing and also fundamental, added with some kind of partnership with the
more famous projects like being endorsed by big exchangers like binance, it could certainly guarantees success for this project in the long run.
partnership could gives additional privileges for the project, strong fundamental is the thing that keeps project from succumbing its trading volume and market capitalization and the marketing is the thing that grows the community behind the project, if all these
things are going good in harmony for the project, surely it gonna give additional reassurance that the project gonna be such a huge success in the future.

[TheGreatPython]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

You both denied it as well as acknowledged it
Speaking of ETH does not need too much analysis because it is not nearly what we normally judge like other altcoins, I think other than bitcoin in this space, ETH still has a good position determined and is invincible in many ways.

Not like there aren't other coins provides what ETH provides, obviously there are other projects that has achieved what ETH has done so far. However, the difference is that even though ETH had the highest recorded gas fee at some point, they still didn't get less projects on their platform. That's the difference, if you have super high gas fee and projects still prefer your network over something that has nearly zero, then you are doing something right. Maybe other projects will go up, maybe they will go higher and quicker, but they will never displace ETH from the second place.

Only one who can make it go under second rank is ETH itself again, only if something bad happens there then I can see it going down.

[jostorres]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

actually there's a lof of altcoins with large community in the space but sad to say despite, most of them are still not worth it because they always end up very stagnant after all. So if we were talking about long term then for me its no other than ethereum as its very reliable ,trusted and very secured when it comes investment.

Community doesn't change the price of it, money does. Which means that if you have 100 super rich people interested in a project, versus 1 million super poor people, there will be differences because rich could take it high or at least keep it there with their money while poor can't do anything. Why do you think Axie got lower? There were plenty of people following it, but the reality is that all of those people just wanted to play and earn money and then sell their earned money that's it.

There weren't plenty of rich that would buy that, and grow their numbers. Sure if you were a wealthy person you could have bought plenty of axies and let your workers earn you money, but those same workers caused the price to go down when they sold as well.

[TheGreatPython]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

They do not have to be, newbies all think that project's all have leads but that is not the case. There is a foundation that "offers" ideas for ethereum to move to, and they are not making those changes themselves. So if they do 2.0 and we all decline? They can't make that into a reality.

This isn't some newbie token that the creators have full ownership over and can change whatever they want to, it is something that mainly foundation builds on top of and then asks people to either accept it or not. If you are not aware of what they are doing right now, that is not important because when they offer it, we have a chance to decline it and move on without whatever they suggest.

[Chato1977]

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.

you should not care actually because this is Mine , just look for yours lol.

I am gaining in my strategy as I have best instinct   , if you cannot carry that then this is your problem not mine .

I can balance mine , while you can't?

[tygeade]

ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.

They do not have to be, newbies all think that project's all have leads but that is not the case. There is a foundation that "offers" ideas for ethereum to move to, and they are not making those changes themselves. So if they do 2.0 and we all decline? They can't make that into a reality.

This isn't some newbie token that the creators have full ownership over and can change whatever they want to, it is something that mainly foundation builds on top of and then asks people to either accept it or not. If you are not aware of what they are doing right now, that is not important because when they offer it, we have a chance to decline it and move on without whatever they suggest.

Most newbies only saw the period where they invest into a project with the hopes that the team behind it would do something to make it go up. In fact, this reach to a level so much so that they actually pressure the teams to do something that will make it go up, basically telling them to make them profit.

So they invest, talk with the creators to see how they will do something, and hope that the thing that will be done could increase the price and then sell. This has been the era for the past 2 years, all newbies do that. People can't understand that even the 2.0 idea behind ETH is not a guaranteed thing, because there are no owners or creators.