How to find and hold in Atlcoin effectively?

[evichi]

in my opinion, it is a tough task to find a new altcoin to invest in. I consider it high risk to invest in new altcoin (s). However, there are things I will look out for in a potential new altcoin: Team members reputation and experience in similar projects, success and status; Purpose/aim of establishing the token/coin; Token utility; Future relevance in the crypto space; Technology behind the token; Listed exchanges or anticipated listing dates; Partnerships, etc. I will look out for the above mentioned attributes if I have to invest/hold a new altcoin. I will advice that for long term, only hold Bitcoin, Ethereum  or older altcoins. Avoid holding new altcoins (meme coins included) for long term and only hold what you can afford to loose.

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[VFalcon]

I've been looking for promising platforms in this way. Basically I found fairspin where I could win their token TFS then staking it under high apy on this platform and thus earn more money.

[krava22]

I've been looking for promising platforms in this way. Basically I found fairspin where I could win their token TFS then staking it under high apy on this platform and thus earn more money.

Staking is also a good way to make money, especially if the platform actually brings in that kind of money

[irhact]

Ignoring temporary losses to hold until achieving results is a difficult job, not everyone can do it when holding Altcoins, because often during this period there will be a lot of Fuds to depress the price. Therefore, choosing a reasonable holding time will eliminate these negative psychological effects, making it easier for you to hold.

It's very painful when you look back at the profit that you would had made if you continued holding the altcoin that you bought before you sold after you ran out of patience of holding the altcoin. Holding an altcoins can be very challenging as you'll have to keep holding without knowing if the altcoin will recover when the bull market comes as some altcoins doesn't recover but dies with the bear market. Some altcoin don't get the kind of hype they use to have before therefore profits become difficult.

I decided not to buy altcoins too early until we have entered the altcoin season that is when I will begin to buy altcoins knowing that time, many altcoins will be giving their investors profit and if I'm lucky to invest into some of the good altcoins I can make profits and sell to take the profit before the market starts to dump again. To find an altcoin we can look at the trending narrative and invest into their projects.

[bettercrypto]

In choosing potential altcoins in these instances, there are quite a lot of ways, to be honest. I will look at the ones on Coingecko and coinmarketcap, which are the top altcoins, meme coins, and layer 2 cryptos. Then I will also look at social apps like YouTube.

On YouTube, if there is someone who mentions other influencers, I do research on the coin that they will say if it really has potential, maybe because later on, the viewers just hype it up, which is often always like that. Now there are others who say the same somehow for real. So it's still important to do your own research; don't immediately believe them.

[atamism]

Just trust your instinct and have a lot of patience. If you really want to do it effectively, research some potential coins that you really want. By the time you bought a certain coin do not bother about the market, just ignore the downs it really happens and just set the amount you want when you think you earn a good profit.

[Magic-Money]

Thank you for the information shared for holding alt-coins and making a research before investing in any of the alt-coins. But among all, what is important is the entry point price after have considered other things about the coin and the team, and the entry point price determine the profit return investment, and that is my own strategy of investment in most of alt-coins.

[MAAManda]

I mean, don't underestimate research, even if in the end when misfortune comes and ends up in a scam project, at least we have done research first and not become blind investors. If you just do research you still get stuck in a bad project, what else if you don't do research? did you get the point?

Your point is valid that it is always prudent to conduct through research and exercise due diligence before deciding to put your hard earned money in any venture. Returning to the subject  of the opening post (OP) there are some coins based on current market dynamics , such as AVAX, DOT and Solana posses the potential to not only reach their previous all time high (ATH) but also surpass it, due to their recognition in the market as low cost chains with progressive features. These coins are worth holding for long term to yield substantial gains.

Research is the most important thing in choosing an investment, meaning you must first understand in depth what you want to invest in. When it goes to scam or loss, you will only blame yourself and it will be a lesson for the future.

Regarding Avalance (AVAX), Polkadot (DOT) and Solana (SOL) I have no doubts about those assets, because they're one of the lowest cost networks ATM and have a good ecosystem, so I think they will be assets- assets to be taken into account in the next few years, especially Solana (SOL).

[AnonBitCoiner]

Just trust your instinct and have a lot of patience. If you really want to do it effectively, research some potential coins that you really want. By the time you bought a certain coin do not bother about the market, just ignore the downs it really happens and just set the amount you want when you think you earn a good profit.

If you invest in any coin after a extensive experimentation and have choosed a top coin then don't worry about the price Fluctuations because top coins does not goes down forever and they never loss their complete value. In case of altcoins which are newly emerged you should be worried about dip as they are strenuous to trust.

You can earn during Fluctuations only when you have forbearance but if you become afraid of lossing when the market get dumps then i don't think that you will continue your investment till the winning of your target. Solana is more preferable coin these days and if someone don't have invest in it then he is not serious about taking profit because only this coin show more worthiness among altcoins.

[irsykes]

More on social media like Twitter, there are many new projects or coins that have great potential and do your own research to be more sure. It's just how we process search words and follow Twitter accounts that often carry the belief of providing good information. Twitter, Telegram are very adequate in the current season when altcoins are good

[Sayeds56]

Staking is also a good way to make money, especially if the platform actually brings in that kind of money

Certainly, staking can be profitable opportunity, particularly when the platform is generating significant revenue from transactions fees. I have found that Dymension (DYM) is one of those staking platforms paying attractive staking rewards, along with potential for additional of airdrop rewards from periodically.

[vs2014]

I think the most of the members here will say that first you need to research how important the project is to the investors and whether it is actually a scam project. In fact before the bull market came, there were many projects that were dead in the past, some now suddenly raised hype just to attract investors. Days that show the project was complete plan to come to market with the intention of earning from its investors. There are some new companies who slowly drop their prices after entering the market and at some point they become scams. Actually crypto can't confirm you so you have to be sure from your own experience.