What do you look out for first when choosing alts. Utility or hype?

[Iamcrypticguy]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

[mindrust]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

Utility? what utility? There is no utility with alts other than providing privacy which XMR excels at. Every other coin is a copy of bitcoin. Some are faster, some have unlimited potential supply, some are less decentralized, some are completely centralized but they all have one thing in common; they are not unique at all.

If I had to choose 3 alts, they would be XMR, Doge and LTC. I am not really interested in the others because I don't see anything of value in them.

[Wiwo]

The amount of available liquidity to support the coin and for that, what bring in such liquidity is the feature that the coin pocess, and just as the first comment stated,  such feature as privacy protection and low chain fees and others are what we can look out for in such a coin.

But sincerely,  I don't choose altcoins for long term, because short-term speculations fits altcoins more and if I want to hold any asset for long terms it must be bitcoin and no other altcoins,  if I hold altcoins is based on short-term projection.

[South Park]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

First of all, altcoins should not be held for the long term, because as we know they have the tendency to collapse and disappear, second I think that at least since 2017 most forum members had learned that altcoins do not offer any utility at all, and while there are a few exceptions that is all what they are, and finally if despite those facts you are still thinking about taking the enormous risk of investing in an altcoin, then the hype behind a coin should be the main factor to consider, as only a coin like that has any chance of giving you any profits.

[X-ray]

hype and tokenomics mostly, as much as I like to talk about utility but the market just doesn't really incentivizes project with good utility instead all the money goes to the hypes, can you see all those L2 with hundred millions market cap? most of them only give some random governance token with next to nothing utility except for voting governance but they still scored good market cap anyway.

I've seen plenty of coins offering utilities only to fail, the truth is, the market just doesn't seem to care about utility at all, the hypes matters most in this case, otherwise the meme coins aren't gonna get valued at billions.
but despite hype,  always look at tokenomic and the vestiing unlocks, these are the thing that hold me from investing in a hyped project f thngs doesn't look good with the tokenomic, imagne VC bagging millons of dollars ready to dump at you next week just because that's the time they got their allocation unlocked.

[kotajikikox]

So, what factors do you consider most important? Let’s discuss!

Obviously you would want to consider both since we want to make profit but at the same time we need to ensure that it will be maintained and not much of a risky choice

but at the end of the day profit is still what we are aiming for so it makes sense if you just look for hype for now

[mk4]

It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.

But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.

[muncuss]

It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.

But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.

but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till now

[TravelMug]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

We all know that altcoin is not for a long term hold, at least only the top 10 might be good, but the rest is just for pure hype and pump and dump and so it's hard to look at what factors we need to so it really depends on each on us here.

And for sure, there could be guys that are really for a short term profit and to flip as fast as we can. And so if this is the case then it's more on the hype itself and after the hype has died down, we go on the next and the next, so for sure you know what at mean. How many of us read the whitepaper or do investigation? None, so I guess majority would agree that it's more on the hype itself.

[coin-investor]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

So, what factors do you consider most important? Let’s discuss!

I pick altcoin traits in this order :

Utilities This is what defines the nature of the coin and what it can do to the community

Team The capabilities of the team that will see the completion of the roadmap

Tokenomics The sustainability of the token

Hype I put it last because the hype will come when everything is in place; if the hype is what matters to the team, then the coin has no real value and real goal to achieve.

[Iamcrypticguy]

It's not one or the other — it should always be all things together. It's like asking if you should look out for zinc, protein, calcium, or fiber when picking a fruit. It should be all the things combined.

But for all those 4, hype is probably the least important. Because if the project is generally good enough, it should get some hype sometime in the future.

but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till now

This is exactly my point.. noticed Well3- yesterday like I opined, but no too much hype on it. Now that it's on Bitget spot let's see if they'll be momentum.

[Despairo]

I will never hold altcoins for long term because altcoins aren't good thing to hold for long, it's just used to make money in short term.

So, when choosing alts, it's better to choose hype over utility, hype can pump the price, while utility is really useless. Most people don't care about utility, if people are paying attention with utility, coins like Monero, Litecoin, DAI, etc etc should have been joined top 10 ranks.

As we can see shitcoin like BNB, XRP, USDT are the coins that in top 10 ranks.

[JeffBrad12]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

I consider hype is the most important factor when choosing alts. Based on my true story, I have invested in the token with and without utility. The one without utility has the biggest hype, but the one with has the most utility. Surprisingly, my utility token does nothing for me, while my non utility token gives me huge return.

Then, i consider hype is the most important factor to help you generate some mone. I don't really care what utilities, how good tokenomics, or how professional the team behind it. In fact, meme token doesn't have it all, yet they surge even higher compared to the majority of utility tokens in the market.

And for me, hype is everything in crypto.

[Yudhisthir]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

For me its both utility and hype. Hype generally mean quick profits, they don't have to be a good coin. And with utility, you are always right on long run. Hype sometimes might be deceptive but utility never disappoints you. And when you research about the utility and the fundamentals of the coin, you'll be able to successfully chose a winning coin. For example if anyone buys Ton coin at current price of around $7.9, its almost sure that this coin would make you x2 within a couple of years. But with hype, the coin may make you x10 in a few months or you would lose your money.

[mk4]

but the reality is we should chasing for early hype if we want some good profit. Even in small market, like i usually visit gaspump dex in ton ecosystem, the one which fly to 20x is a nonsense memecoin, while a token i bought because of good enough project, it is still in the same place since launched till now

If we're going to talk about short-mid term hyped memecoin trades, then sure. Because why would you even care about the utility, team, and tokenomics if we're just talking about memecoins lol. But OP was asking about "picking altcoins to hold for the long term"; so I'm not sure why you would hold nonsense memecoins for long periods of time.

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

[fortunecrypto]

Since you mentioned long-term, then hype should not be part of the options because hype is for pump-and-dump coins like memes, OP should go for utility, team and tokenomics if the coin is that good the hype will eventually come and that hype is not just one time and will continue from time to time.
Altcoins like XRP, Ethereum and Solana are getting hype from time to time because they are altcoins for long-term holding; memes should never be part of long-term holding.

[passwordnow]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

To be honest, most of these utilities that are being proposed by most of the altcoins have already its identical projects before. While for the few of them, they've got really use cases that are being used by their own platforms. Other than that, with whichever niche that they're working on, the devs, they are nothing new whether they're in real estate, wellness/health and any other sectors that have been proposed. I can even remember that I've read some projects that have been optimistic with their use case for greener energy. But it seems that most of them are just all talks and proposals but not into actual usage of it.

Because with all of their purposes, all of it ends with tokenomics. Yes, they're all ending with that and focusing to the actual market and forgetting the actual proposal that they've made before on what sector they're representing and working on. As long as their token gets popular and hyped and listed to known exchanges, the purpose is forgotten and they're focusing on the volume of the trades instead of the original reason why they've made their projects. So, that's why I've said that most of them are just almost the same and like a try and test type of projects until they succeed.

[betswift]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

To be honest, most of these utilities that are being proposed by most of the altcoins have already its identical projects before. While for the few of them, they've got really use cases that are being used by their own platforms. Other than that, with whichever niche that they're working on, the devs, they are nothing new whether they're in real estate, wellness/health and any other sectors that have been proposed. I can even remember that I've read some projects that have been optimistic with their use case for greener energy. But it seems that most of them are just all talks and proposals but not into actual usage of it.

Because with all of their purposes, all of it ends with tokenomics. Yes, they're all ending with that and focusing to the actual market and forgetting the actual proposal that they've made before on what sector they're representing and working on. As long as their token gets popular and hyped and listed to known exchanges, the purpose is forgotten and they're focusing on the volume of the trades instead of the original reason why they've made their projects. So, that's why I've said that most of them are just almost the same and like a try and test type of projects until they succeed.

Depending on the term of investment, the hype helps with a quick flip. On the other side, even some projects with similar utility, demand, and number of users can give a good boost!

[passwordnow]

~snip~

Depending on the term of investment, the hype helps with a quick flip.

For the long term, hype is no good. But you're right that if the investor is for the quick flip then hype is what matters most and the rest just comes next.

On the other side, even some projects with similar utility, demand, and number of users can give a good boost!

Yeah, you're right with that as well but my point of view is for the long term but it seems that I'm missing the part of the short term traders and investors. And with those matters, whether having the same utility or purpose, as long as there has been an established connection to its community and other factors, it can survive.

[avikz]

When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?

I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.

So, what factors do you consider most important? Let’s discuss!

I honestly don't choose altcoins for longer term. The only exception is ETH. In the past, I had some XMR for long time. Altcoins are not much useful for investment unless you understand the hype around it. So I am sure no one chooses altcoins for utilities to be honest.

Obviously exceptions are there! Some altcoins do have utilities as mentioned above. But majority of them do not have any utilities. It's mostly a pump and dump game!