How do you choose altcoins you buy?

[Captain Corporate]

I personally believe that we can't really end up with strict situation like "if x is this then I end up with investing". It can be for all kinds of investment and that's how I end up with getting anything, I just do whatever we do and that's how I approach to this. I get that there are people who will do whatever we can, and that should be something more strict for those people and they end up with like fixating on that, but I personally believe that the best thing for me is to just take  the situation at hand based on the data I have and just adjust myself based on that. I get that its not going to be easy to handle for many, but I will do whatever I can personally just dynamic and not fixed, that's how I approach. Doesn't mean all should do that, but I will do that myself.

[Ziskinberg]

I've been around for a while so my tactic has varied a lot. I have choosen my coins and tokens by the fact they have:

Trusting a tip from a friend: For some weird reason my newb friends have found some gems. They don't even necessary understand what marketcap means or how to do research. They might have bought because they liked the name. I see no reason buying them but they are making a killng with them. These days i throw some money on what ever they say. That might not be smart but i might as well.

I couldn't find this would be one way of choosing altcoins. My bad experience in the past due to a recommendation from a friend makes me think that trusting is somewhat difficult this time. I lost my hard-earn money because I assumed that trusting a close friend could assure also that I was safe but not knowing he is also a part of the scammers.
That is exactly what I would say if we have to invest in any form of investment, especially in crypto must be done with research first. We can decline an offer from our friend or to any person if it is necessary.

[davide72]

Market volume, token supply, and popularity. These are the factors I am checking when looking for a coin I could make profit of. These factors won't guarantee profit but atleast it would lessen the risk of losing big time unlike with investing to some random coins wherein prices would change in every minute. Likewise with projects; whether to buy on pre-sale or not, depends on the platform they are making. If it has potential then it would be worthy of investing.

Newly launched projects on the market are very risky so I always wait about 1 year or two before buying. However I always look at the usefulness of the coins, the team, and very often in which exchange they are listed.

A good strategy I guess but if you're too conscious of big win, then this won't probably work. Profit would start the moment a coin is introduce to the public but determining whether its price would continuously increse over years, would be hard.

Many of the successful projects have taken some time before establishing themselves certain if you find a project and you are convinced that the value of coins grow over time you can buy them.... I personally after many mistakes and loss of money prefer to wait, sometimes patience pays off....

[poodle63]

Many of the successful projects have taken some time before establishing themselves certain if you find a project and you are convinced that the value of coins grow over time you can buy them.... I personally after many mistakes and loss of money prefer to wait, sometimes patience pays off....

Agreed, that's pretty much the same like when ethereum was skyrocketing after bitcoin gets bullish due to the decrease of block reward. As long as the development is still active and the project won't die. Ethereum has proven that how many people were missing it during the ico time. The wait paid off for all of old holders caused by they have become millionaires. The most important thing to pick the legit coin.

[GreatArkansas]

(.....)
Aping in to just tokens that has just been released: By doing this i don't have even the time to do decent research. I try to look everything as fast as i can and hope for the best. With this tactic i have found my best micro caps. I have also been bought into some instant rug pulls.

This is very risky especially if you didn't do any research. Like your only basis is "just been released". This is gambling.
But I know a lot of people are making huge money by just doing this.

The list on top is better, especially the real-world use case and good tokenomics. You must always do research first and know everything before you put your money because in the long run, you will be profitable by just doing that.

[blockman]

Many of the successful projects have taken some time before establishing themselves certain if you find a project and you are convinced that the value of coins grow over time you can buy them.... I personally after many mistakes and loss of money prefer to wait, sometimes patience pays off....

And those are the better projects and altcoins these days. Those that have been tested over time and became popular because of how they've gone through it.
These days, too many projects have become popular because of the hype, and after that, they're no longer popular. But the older projects that have been tested overtime, they're still in the market and most of them are still operating. They've managed to be built not because of hype but because of how good they are together with the devs and the community that it has built.

[SUPERSAIAN]

Good team, original content. Real-life use case of the developed project. The team's roadmap and goals are all very important. My approach to an altcoin project is not one-sided. I usually prefer to invest by looking at all the details you mentioned. It seems more correct to evaluate it as a whole rather than a few factors. Of course, even if you are completely sure, there are many risks, so you have to make the final decision yourself

[gurunanakji777]

I first go to Coinmarketcap or Coingecko to check the watchlist. This helps me determine how many people are interested in or holding that specific coin. Then, I consider the team and community of the coin, as well as the trading volume. These are the four factors I always assess before purchasing any coin.

[gaston castano]

it has little fomo or time before they go up, but in this case it goes up very high and goes down very quickly therefore it is not recommended to hold this coin for a long time to avoid that.

[riskarcher]

We should now of the altcoin which wants to buy such Project Fundamentals Assess the project's whitepaper, roadmap, and overall vision. Understand the problem it aims to solve and how it differentiates itself from competitors. Look for projects with clear goals, strong development teams, and a solid execution plan for to create technology and Innovation. Always DYOR to choice of altcoin and think about it for long term. Whic is don't invest your money on meme coin Except doge coin due to that's coin have elon musk who always support doge coin

[doomloop]

Sometimes the team doesn't defines the success of a project, I have seen projects back then early 2017 that came up with cool concept and with good team who were working tirelessly to make sure everything are being put to front, also with adequate protections in terms of security aspect.
But actually the project didn't survive why?

Because they couldn't raised the required funds during their ICO's and tell me if then someone choose to venture into their project don't you think that is a waste of resources?
And then there were lots of scammer who internationally want to scammer people with their hand ear money, what I actually sense from project that would be successful is that if the team are self funded and already made at this they won't purely depends on their sales to raise funds to further develop the project rather looking on their funds after which they got listed.

A project that has a good team and a good vision and they do almost everything perfectly and on time would barely become unsuccessful unless they have low-level marketing and don't know or work on how it should spread the word about its project and the products, otherwise, if everything is on its place, the project should get the funding it deserves if marketing is done correctly.

That is why it is also important to always see how a project is represented on social media or other marketing places like this forum, if you see them being good at it, believe that it will be a success if all other things are okay with the project.

[o48o]

I don't agree with all the points done by the OP. Specially listening to friends for profitable coins and jumping into new coins that are launched.
-cut-
In short, altcoins are less likely to give you stable income in long term than bitcoin.

You don't have to agree with me, tactics i've tried are not advices. And i don't agree with you . I don't see it as simple as staying in bitcoin. But it's a free world and i am not judging anyone, no matter are they into centralized altcoins, bitcoins, meme coins or matured altcoins.

If you want to buy any Altcoin, I check the following points:
4) on which blockchain the token is starting;

What blockchains you prefer? And what if it has their own brand new blockchain?

Trusting a tip from a friend: For some weird reason my newb friends have found some gems. They don't even necessary understand what marketcap means or how to do research. They might have bought because they liked the name. I see no reason buying them but they are making a killng with them. These days i throw some money on what ever they say. That might not be smart but i might as well.

I couldn't find this would be one way of choosing altcoins. My bad experience in the past due to a recommendation from a friend makes me think that trusting is somewhat difficult this time. I lost my hard-earn money because I assumed that trusting a close friend could assure also that I was safe but not knowing he is also a part of the scammers.
That is exactly what I would say if we have to invest in any form of investment, especially in crypto must be done with research first. We can decline an offer from our friend or to any person if it is necessary.

Any of my tactics are not an advice, i was just stating what i do. At this market space i wouldn't recommend any of my solutions to others. It's more like combination of experience and pure luck.

[Questat]

Good team, original content. Real-life use case of the developed project. The team's roadmap and goals are all very important. My approach to an altcoin project is not one-sided. I usually prefer to invest by looking at all the details you mentioned. It seems more correct to evaluate it as a whole rather than a few factors. Of course, even if you are completely sure, there are many risks, so you have to make the final decision yourself

Perhaps, that was part of the research and it serves as our metric tool to determine the potentiality of the project and as long as it meets our criteria, that particular is good for investment. So it is not a problem with the market if someone falls into shitcoins or scam projects but rather blames themselves for being too lazy not to do that. We can't just simply think that investing is so easy because we have to spend time and effort as this is the medium to our success and to avoid from investing in wrong projects.

[bitkanu]

if it's smart contract project, just see how they truly stay true with their visions, see whether their ecosystem is growing and there are many smart contract deployed, that way you will know the actualy growth of these coins in general and see whether they are fit to invests.

[TastyChillySauce00]

Good team, original content. Real-life use case of the developed project. The team's roadmap and goals are all very important. My approach to an altcoin project is not one-sided. I usually prefer to invest by looking at all the details you mentioned. It seems more correct to evaluate it as a whole rather than a few factors. Of course, even if you are completely sure, there are many risks, so you have to make the final decision yourself

Did you know how hard for a project to create something new? It's not always become a mandatory to create a new thing in the crypto ecosystem. The trusted and reputable developers are in more demand rather than a project that was only giving false hope for its supporters.
In my opinion that if roadmap was not effective to determine where the project will be going on. May you tell me which real life use case that has been developed in crypto so far?

[libert19]

So far every coin or token with anon devs that i have bought have vanished.

Bitcoin!?


Answer to the title, I try to buy coin/token with vibrant community. In my experience, as long as coin/token has this one thing, only so far it has worth. Community automatically brings credibility, trust and value to the project. You fail the community, and you doom the project.

Observe any prominent cryptocurrency, you will find this statement to be true.

[Rampagoe004]

I am a long term Investor. And I have used all the tactics you have given me. But as someone who likes to hold for the long term an effective tactic in my opinion is to buy and run. Do a little research about the coin you want. Look at their trading volume and ranking on CMC. If it's good, give them a few hundred dollars or so. I have been doing this for years and I see it is quite effective for me.

[RussianEnglishTranslation]

I've been around for a while so my tactic has varied a lot. I have choosen my coins and tokens by the fact they have:

Real world use case: When i came in i was told buy coins with actual real world use case. I tried to find those but so far i haven't found any real world adoption for anything other than permissionless transfer of wealth that's been done with bitcoin from the start. Maybe some smart contracts can be useful but they have not been adopted in any significant scale. There's potential in many of them, but most of them are now going to be adopted ever. And even their devs know this, yet they can't really say it as they want to sell their snake oil. I a still looking for even one that might be adopted.

Good tokenomics: This i am still using as a reason to buy. Issuance rate needs to be sustainable, and distribution needs to be wide and fair. Marketcap needs to be low enough if we are not talking about the coins that already have the necessary net effect to attract developers and keep on growing more.

Team: I find this most important, without good team that knows their stuff you are destined to fail. In ideal case i choose professionals that are transparent and know what they are doing. They have coders in lead, their own legal team, and regular amas. Needless to say that i want everyone doxxed. So far every coin or token with anon devs that i have bought have vanished.

Right size marketcap: Most money i have made in this game is by finding suitable microcaps, like under $100k. If conditions are right, they can something like to 500k and above really fast, and i can take like 70% of my investment out potentially very fast. Rest of them stay for moonshot. But as a disclaimer i would like to say that while microcaps have have technically most room to grow, they also have highest changes of being rug pulls or slow rug pulls.

Trusting a tip from a friend: For some weird reason my newb friends have found some gems. They don't even necessary understand what marketcap means or how to do research. They might have bought because they liked the name. I see no reason buying them but they are making a killng with them. These days i throw some money on what ever they say. That might not be smart but i might as well.

Aping in to just tokens that has just been released: By doing this i don't have even the time to do decent research. I try to look everything as fast as i can and hope for the best. With this tactic i have found my best micro caps. I have also been bought into some instant rug pulls.

I go by utility. It has to solve a real world usecase, like XRP with cross border transfers or XLM with Moneygram, or Q Blockchain with voting.

[bakasabo]

I am a long term Investor. And I have used all the tactics you have given me. But as someone who likes to hold for the long term an effective tactic in my opinion is to buy and run. Do a little research about the coin you want. Look at their trading volume and ranking on CMC. If it's good, give them a few hundred dollars or so. I have been doing this for years and I see it is quite effective for me.

I would not rely much on ranking on platforms like CMC or coingecko. Altcoins position can easily be manipulated, specially at a day when trades started. Look at PEPE for example. On first looks it is a good altcoin for investment, its has a nice trading volume, is in first hundred among all altcoins. But its price will never double again by itself. It will only change when whole market changes. Buying such altcoin will be equal to freezing money for ages and getting nothing (or less than possible could if invested in different altcoin).

[Adbitco]

Snip

A project that has a good team and a good vision and they do almost everything perfectly and on time would barely become unsuccessful unless they have low-level marketing and don't know or work on how it should spread the word about its project and the products, otherwise, if everything is on its place, the project should get the funding it deserves if marketing is done correctly.

That is why it is also important to always see how a project is represented on social media or other marketing places like this forum, if you see them being good at it, believe that it will be a success if all other things are okay with the project.

Marketing as you said is good though, but other thing that may hold them could be their concepts, a project with good usecase and concepts always became successful if they are self funded and no matter what it takes definitely they must be succeed.

Forum here also help to give more visibility to the project but I as know there are many people who are die hard to bitcoin and wouldn't care paying attention to altcoin that much all less it was for a pump and dump token, which I believe few always invest for a short time and to make quick profits from the project. While most projects sometimes is from the manager who launched the campaign, if they uses a very influential manager it would bring advantage to their progress than just using a non reputable manager.