What are the criteria for choosing altcoin

[Lexurdania]

Each investor has set of different rules before investing in altcoins, general rules can be applied on most cases. Checking the project itself, white paper and team members are must be done category, investors have to check feedbacks of other users sometimes. Depending on the amount people do weird DYI research but the benefits of making more research can't go wrong usually. Having a nice trading setup doesn't mean the trader is going to print $ all day, the proper trading strategy plus experience on this field plus money management are ingredients for successful trading history, in my opinion.

with different methode from each investors, we will find best result that take from several insight. analisys become more objective and maybe each other will find advantages and its disadvantages. with collaboration between two or more people will find new projects that have great utility and product they want build. and finally group chat will take important rules in this discussion.

[NewRanger]

i am see to utility and ecosystem that will build by this project. with both of them demand will easily created and ofcourse price will follow its demand. more utility build in ecosystem ,more demand to this token .for example as transaction gas , its be obligation to validate transaction. absolutely it will use this token , another reason was ecosystem. with large ecosystem build although with different category or path, undirectly it will create demand too.

[dunfida]

i am see to utility and ecosystem that will build by this project. with both of them demand will easily created and ofcourse price will follow its demand. more utility build in ecosystem ,more demand to this token .for example as transaction gas , its be obligation to validate transaction. absolutely it will use this token , another reason was ecosystem. with large ecosystem build although with different category or path, undirectly it will create demand too.

Utility is all we need to look at because you could presumpt about its potential that it might be that significant on upcoming future even though its not really that an assurance but at least you do make your research

before doing further step and its a must thing if you do make out investment here on crypto space.Take your time on making some in depth search and look for utility or usage on a particular project.

Dont make yourself get tagged or hooked with hype and shills on which this would really result into further mess.

[Odusko]

i am see to utility and ecosystem that will build by this project. with both of them demand will easily created and ofcourse price will follow its demand. more utility build in ecosystem ,more demand to this token .for example as transaction gas , its be obligation to validate transaction. absolutely it will use this token , another reason was ecosystem. with large ecosystem build although with different category or path, undirectly it will create demand too.

Utility is all we need to look at because you could presumpt about its potential that it might be that significant on upcoming future even though its not really that an assurance but at least you do make your research

before doing further step and its a must thing if you do make out investment here on crypto space.Take your time on making some in depth search and look for utility or usage on a particular project.

Dont make yourself get tagged or hooked with hype and shills on which this would really result into further mess.

You guys are right, One of the most important aspects of any project is its ecosystem because that is the engine room of the project, once a team builds a favorable utility base for the project the token or coin will thrive on that platform to build a large and active community that is the root of every project.

[Rampagoe004]

If the market situation is as it is today then we have to choose potential altcoins for us to invest in the long term, because it is all in order to reduce the risk so that later we do not lose our assets for a long time, then from the top 10 cmc rankings I think we can choose because the coin does have a high potential will remain for a long time until the market stabilizes again.

[Republikcoin.com]

You guys are right, One of the most important aspects of any project is its ecosystem because that is the engine room of the project, once a team builds a favorable utility base for the project the token or coin will thrive on that platform to build a large and active community that is the root of every project.

I think so too, but in reality not all projects can be able to do such a thing now if there is no better external support.
So it is still necessary to work on relations and partners so that the project party can be more helpful when their platform and token utility has begun to gradually improve.

[jaberwock]

If the market situation is as it is today then we have to choose potential altcoins for us to invest in the long term, because it is all in order to reduce the risk so that later we do not lose our assets for a long time, then from the top 10 cmc rankings I think we can choose because the coin does have a high potential will remain for a long time until the market stabilizes again.

Why what is the situation today. Is the market dumping? But dump or not, choosing a potential altcoin is always be a must. Dumping is only good for buying but you can still try buying at pumps and maybe you can score an immediate profit but that is likely as long as what you are investing with is an altcoin that has a potential.

Be careful and always scan the coins first on the top 10 ranks because sometimes there is a meme coin that can enter. It so sad that top 10 is not a safe place anymore. People should now change their criteria when choosing a coin. Maybe they can an make adjustments and this time they will only pick coins that are from top 3 or top 5.

[GigaBit]

Lots of coins are being added to the crypto market every day. But all of them can not survive. Many projects have been died again after surviving in the market for a while. So we need to focus on those altcoins that have direct use case.

[Ezravdb]

Lots of coins are being added to the crypto market every day. But all of them can not survive. Many projects have been died again after surviving in the market for a while. So we need to focus on those altcoins that have direct use case.

Actually, there is no need to care about all the new projects that are just added to the market every day, because those with use cases have clearly been seen long ago where they are all in a good position as cryptocurrencies that already have useful goals and concepts with use real cases.

[Sterbens]

If the market situation is as it is today then we have to choose potential altcoins for us to invest in the long term, because it is all in order to reduce the risk so that later we do not lose our assets for a long time, then from the top 10 cmc rankings I think we can choose because the coin does have a high potential will remain for a long time until the market stabilizes again.

This is a wise choice, because it is undeniable that when we choose a new coin, the risk is doubled when the market situation is like this. Many choices of coins that can be used as a handle at times like this, we just need a little time to hold it until the market really returns to normal. Maybe the problem is that we are a bit confused on which coin our choice will be anchored, which of course has the potential to stabilize more quickly.

[ven7net]

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, as far as I know, altcoins cannot have utility and be speculative at the same time, so here you need to choose what is more important for whom. If we talk about long-term investments in altcoins, then I believe that utility should be one of the main factors when choosing, because if an altcoin brings utility, then it will be used more, which means its price will go up. Of course, this will not be a quick process, but for that you will have a better chance of making a profit. As for altcoins for speculation, here it is like in roulette, you are lucky or not.

[tygeade]

Why what is the situation today. Is the market dumping? But dump or not, choosing a potential altcoin is always be a must. Dumping is only good for buying but you can still try buying at pumps and maybe you can score an immediate profit but that is likely as long as what you are investing with is an altcoin that has a potential.

Be careful and always scan the coins first on the top 10 ranks because sometimes there is a meme coin that can enter. It so sad that top 10 is not a safe place anymore. People should now change their criteria when choosing a coin. Maybe they can an make adjustments and this time they will only pick coins that are from top 3 or top 5.

Top 10 was never really that much of a big trust thing before today neither. We had xrp which is a centralized coin project made by a company, we had BCH back in the day when it was in the top ten and it was a miners bitcoin basically, we had BSV which is Craig Wright's bitcoin, and we had many other that were in top 10 and then got out. Hell if you go back enough we had namecoin which was the second ever coin using blockchain tech and then it is nowhere to be found nowadays, probably done and gone.

I wouldn't really rely my investments based on the top 10, that rarely ever works for anyone and usually ends up being a terrible indicator for the future of those coins.

[Xampeuu]

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, as far as I know, altcoins cannot have utility and be speculative at the same time, so here you need to choose what is more important for whom. If we talk about long-term investments in altcoins, then I believe that utility should be one of the main factors when choosing, because if an altcoin brings utility, then it will be used more, which means its price will go up. Of course, this will not be a quick process, but for that you will have a better chance of making a profit. As for altcoins for speculation, here it is like in roulette, you are lucky or not.

actually we can choose old altcoins that are already good, and of course in the future the funds invested will feel safe. different from new altcoins whose potential has not been identified. sometimes we analyze that altcoins are good, but turn out to be wrong, because many are scams, especially in bearish conditions. I think the best thing to do a new altcoin analysis lies in its fundamental analysis, so that we can get to the root of the project

[xmonkeyx]

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?

of course utility is an important factor when choosing a good Altcoin and also I personally prefer Altcoins that have prospects with promising future development, I think that way it will be very good for the future.

[Smitty Werben Man Jensen]

there are many criteria for choosing an altcoin, but here I will share my experience to be able to choose the best altcoin,
first you can search for projects on Coinmarketcap, secondly analyze altcoins that are ranked below 300,
because there are lots of potential good projects, and when it comes to it's finished, then buy a token in a partial way,
I'm sure you can be successful that way.

[Odusko]

there are many criteria for choosing an altcoin, but here I will share my experience to be able to choose the best altcoin,
first you can search for projects on Coinmarketcap, secondly analyze altcoins that are ranked below 300,
because there are lots of potential good projects, and when it comes to it's finished, then buy a token in a partial way,
I'm sure you can be successful that way.

Thanks for sharing this but above all we should know that the cryptocurrency investment we should note that risk is the most available resource and carrying out good research about the project to build good knowledge and also find the possible way to reduce the risk of losing your fund due to investing in a bad project without future value or projects that are not utility proven.

[Webetcoins]

Top 10 was never really that much of a big trust thing before today neither. We had xrp which is a centralized coin project made by a company, we had BCH back in the day when it was in the top ten and it was a miners bitcoin basically, we had BSV which is Craig Wright's bitcoin, and we had many other that were in top 10 and then got out. Hell if you go back enough we had namecoin which was the second ever coin using blockchain tech and then it is nowhere to be found nowadays, probably done and gone.

I wouldn't really rely my investments based on the top 10, that rarely ever works for anyone and usually ends up being a terrible indicator for the future of those coins.

Top 10 is at least a bit decent considering majority of the coins would be decent until they get out of top 10. In this case what you should do is if you see something get out of top 10 then you sell it and just keep whatever is the new one. Keep doing that and you will always have top 10 coins at all times, and the ones that drop will be the ones you lose money and the ones that go up will be the ones you make profit.

Based on how much top 10 increases most of the time, there will be 3-4 ones that you will profit and the rest will be either break even or just something that would be losing only a small amount of money for you.

[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.

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

Oh I See , i thought that it is about just trusting , but DAO is really a good project till now? because it seems to be DAO is losing faith now and seeing some bad things for their investors .

I will stand to that Instinct will help us save our funds nowadays.

so Let us check what we wanted to invest and never leave  your funds in not so safer coins.

[typerex987]

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 choose the project first!
I do the research and figure out If the project deserves my time and investing money!
LostWorlds for example, this NFT Platform is a must have now
LOST gives me some great vibes, let's see what they will come up with in the future

[Jose Mourinho]

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.