How do you usually choose a money to invest in ?

[microchoveur]

The question is in the title.

Which are the criterias that make you choose a monet to invest in ? (For example the possible popularity, the way the dev introduces it, news...)
Then, how can you spot that the price is going up ?

[rangedriver]

Typically I want to see what the developer looks like first, ideally via an informal exhibition of family photographs. If everything has gone well, then I'd then move on to the next stage: Impromptu street polling under the guise of a lemonade stall.

As for the price, I generally use BitcoinWisdom until it is launched and after that I would mostly make it up as I go along providing I am satisfied that I know the coin well enough to predict where the majority of the movements are going to go.

As with all coins, I try not to stick around for too long. The main thing is to keep your ears to the ground, and when something comes that sounds reasonably adaptable: Take four of them, and share the remainder with your friends. That way, if something goes wrong you have mitigated your risk by a factor of 4:1.

[microchoveur]

As for the price, I generally use BitcoinWisdom until it is launched and after that I would mostly make it up as I go along providing I am satisfied that I know the coin well enough to predict where the majority of the movements are going to go.

Thanks, but precisly... How do you predict the majority of the movements are going to go ?
You mean the classic schema about the coin's price ? (New investors... First crash... etc ?)

[rabbiter]

As for the price, I generally use BitcoinWisdom until it is launched and after that I would mostly make it up as I go along providing I am satisfied that I know the coin well enough to predict where the majority of the movements are going to go.

Thanks, but precisly... How do you predict the majority of the movements are going to go ?
You mean the classic schema about the coin's price ? (New investors... First crash... etc ?)

Any sensible investor takes into consideration many factors including, cheapness or expensiveness of current price, the developers reputation and quality of their proposal and product, potential of any coin, long term proposal or just pump and dump (I won't judge cause both can make someone money) I personally look at the chart and see by gut reaction if it's a rising chart or not, volume is also important for various reasons, getting trapped in a low vol coin that looks attractive but isn't is bad news.....These are just some of the factors I'm sure people think about.

[Este Nuno]

Choose a money that actually wants itself to be used as money by people on a large scale.

Without adoption this whole sector might as well be just called alternate casinos.

One, three, five years down the road we'll see what projects still exist. It won't be many, but there will be some.

[Jimmy_Zed]

First thing you have to do in this crypto world, is to isolate the genuine coins from the shitcoins. This is not an easy task as 99% of alts are either shitcoins or scamcoins. Then you look at the devs past record, you do more research on the coin itself, don't just focus on the flashy website and fancy graphics on the ann page. Do your own research or get the info from somebody who does know what is going on, or finally just keep your money in BTC and LTC.

Jimmy Zed

[devphp]

1) at least 1-2 months of blockchain run;
2) development progress, regular commits to repository, features being implemented more or less on schedule not just talked about;
3) features that allow for unique use cases of the crypto;

[microchoveur]

Thanks for all your awnsers, this is going to help me.

But now, let's take an actual topic : cannabisdarkcoin (CND). I didn't read anything about this coin and this is only an example.
When I went on Bittrex on the 26th october a CND was worth 800 sat. One day later, it was worth 2,6k sat.
How was I supposed to guess that ? This coin has an important volume, but I don't know what that really means... Does it mean that a lot of people are trading right now because the coin is popular and consequently that the price is about to moove anyway ?

Again, on bittrex when I click on the BTC-CND order book on the top, I can see a green and a violet part, both representing sells and buys of course. How should I read this ?

My problem here is now not the way to seek informations about the coin to decide how it's going to go but the things I have to read on charts and orders books... Could you help me on this ?
Thanks for everything

[Jimmy_Zed]

Thanks for all your awnsers, this is going to help me.

But now, let's take an actual topic : cannabisdarkcoin (CND). I didn't read anything about this coin and this is only an example.
When I went on Bittrex on the 26th october a CND was worth 800 sat. One day later, it was worth 2,6k sat.
How was I supposed to guess that ? This coin has an important volume, but I don't know what that really means... Does it mean that a lot of people are trading right now because the coin is popular and consequently that the price is about to moove anyway ?

Again, on bittrex when I click on the BTC-CND order book on the top, I can see a green and a violet part, both representing sells and buys of course. How should I read this ?

My problem here is now not the way to seek informations about the coin to decide how it's going to go but the things I have to read on charts and orders books... Could you help me on this ?
Thanks for everything

Mate, a lot of things in crytpo do not make much sense. Cannabisdarkcoin is a shitcoin, well what else can it be with a name like that anyway. The thing is that they are things going on behind the scenes, the manipulation of the vast majority of alts is going on by various groups or single whales. Although the manipulation tends to focus on the coins with low market cap such as the cannabis shitcoin you mentioned, it is much easier to control a $200 market cap coin, than a $20 million cap coin , or even $2 million coins, thus most manipulation happens with coins under 1 million market cap. There is nothing about intrinsic nature of the coin, or the reading  graphs and charts, forget about it. The reality is much more distorted then one could imagine.

Jimmy Zed

[devphp]

You really shouldn't consider investing in coins not in Top 10 on coinmarketcap.com unless you want to gamble with an extremely high risk.

[defaced]

innie minnie mienny moe

[microchoveur]

Considering all of this, I should buy when I hear about coins with a small marketcap and when I know enough to affirm that the dev' is good and there are good news upcoming soon.
Then, I sell on news.

I heard few times : buy on predictions, sell on news. Do you often apply this, considering that it's not a scamcoin ?

[The_FluffyBunny]

Here are a couple topics I look at before investing:

1. Roadmap
2. Branding
3. Active devs or not?
4. Community
5. Price  

[microchoveur]

Kay' thanks for your awnsers

What do you think about pumpgroups, is there any that is trustworthy and good ?

[darthcoin]

All the coins that are worth investing to have already been created.

[sublime5447]

You dont invest in money you trade in money you invest in value. Real value.

[GailSan]

Im just going by what I read on the forum.
But theres so many coins to check out it becomes
very time consuming. Ive just started paying
attention to some twitter accounts for some tips.
I find it better than wading through the forum.

[StudyEconomics]

I have a hard time choosing. Every time I buy something it turns into garbage one day later. Latest thing is philosphers stones.

[microchoveur]

You dont invest in money you trade in money you invest in value. Real value.

Yeap my bad, thanks.

Insert Quote
Im just going by what I read on the forum.
But theres so many coins to check out it becomes
very time consuming. Ive just started paying
attention to some twitter accounts for some tips.
I find it better than wading through the forum.

I'm exacly like you but...


I'm new to this but I noticed that most of twitters are pure garbages too. They are mostly whales or dev that want you to buy their coin at high price.
They spam like hell all day long that X or Y coins are going to the moon, it really annoys me...

I think the best way to make profits are long term investments like CANN for example which is for me a really good coin and i'll stick to this. I just wanted to make profits on other coins to be able to buy more and more CANN, I trust this coin.

From now, I only invested in CANN and I fucking failed and didn't sell before the monstruous dump on 20/10 but anyway I still got my coins and I learnt something from it.
Now I'm watching everyday all these coins getting pumped all day long like TITcoins... How the fuck am i supposed to know such garbages are going to be pumped that hard ?



Advices from experts would be really nice and help us a lot !
Thanks anyway

[e-coinomist]

Again, on bittrex when I click on the BTC-CND order book on the top, I can see a green and a violet part, both representing sells and buys of course. How should I read this ?

Those are subscripted with *Uses the top 50 levels of the buy and sell orderbooks
displaying the orders, which are a hint if people are currently in a mood to buy, or to sell. Bullish or bearish situation.
You get that in a more reliable way by a single glance at the candlesticks diagram.

Basically Jimmy Zed hit the nail. Microcaps, smallish coins are like featherweigth in the winds.

What do you think about pumpgroups, is there any that is trustworthy and good ?

Since their inner core rips off part of their members, they have to continually attract new investors willing to participate. This looks like becoming more difficult. Earlier groups charged a membership fee (which they used as pump capital, of course!) just that has diminished from this "market". Now they do pump announcements for free...