How to discover a good coin to buy

[Bohana 2143]

On 12/29/2019 at 7:34 PM, Celestine Timothy said:

How do one discover a good coin with great potential to invest in,more especially during ICOs period.

If you are talking about investing in the existing coins, then you should learn trading basics before you buy anything. If you're talking about finding a new coin to invest in, then I suggest you stay away from brand new coins because 98% of the times these new coins are just scam.

[SuperCrypto 7193]

It is very important to do a lot of research and try to determine which currencies are most likely to fit into each other in the public financial system rather than trying to choose one digital currency.

[babaji 1228]

On 12/29/2019 at 11:04 PM, Celestine Timothy said:

How do one discover a good coin with great potential to invest in,more especially during ICOs period.

The idea of investing in an ICO, is believing in the project, and hoping, you would get a decent return on your investment. It is also not traditional investment, rather, its helping the project to get off the ground. So its upto you, what you want to invest in. if you look at a project and you believe in what they have to do, then you invest in and wait for the project to take off. Sometime you make money, sometimes you dont. 

[Ch Ayyan 9781]

I think  low  coin often  caused  you loss. I found  there is many  members  complaining  about their loss from  low coins. I suggest  you to invest  in  top 20 coins.

[Gaurav kumar 972]

Yup that's a genuine thing to ask. I want to say that before investing or trading one should search and ask the experienced person for his views and then by comparing all the facts he can discover the coin that he or she has to invest on. 

[Raqeebzy 6456]

You start by making your own research, check the development of coins over the years, how they are and have been affecting the market. What do the future holds for them, what do the future be like. Ask people that have done it before, let them share their experiences in it, so you won't make the mistakes they made. 

[bentayebsalah 2280]

The strength of the currency can be known through the platforms you are dealing with as well as the currency's VOL if it is high then it means that it is good

[IamLeader12 682]

You just need to look at the terms of Iсo and the exchange that makes iсo, if the exchange has a good reputation and good conditions for ico, then most likely the coin will also be good.  

[Saj555 2250]

By seeing the portfolio of a currency and seeing the tradings of that coin can give a idea about that currency. Trading is always a profitable thing to do. To find out a good currency you can actually check all the coins listed on the top orders. You can invest on those coins.Litecoins,ethereum, butcoins etc are available there. 

[Omar Ommeish 4872]

There is no guaranteed way to choose honest currencies, but you can do a search for a currency project and monitor its price, and through that you discover if the coin is scam.

[Ghxst Dz 5]

well it's hard but you can take look at ranking some websites give you that and also take look at statistics and how the coin is going up or down

[Maroua 1159]

You have to look carefully in order to find the currency that suits you, because members can advise you of a currency, but it will not suit you, good luck brother.

Edited April 7, 2020 by Maroua

[ahmedasd 192]

yes this is a good question how can we know the good crypto to choose it for trading . i think the good way is to search and join to groups of traders you will get all information

[Ridam 7455]

At first listen, in Crypto world only Invest the money that you can loose . And for selecting Coin if you could do your own research then it would be helpful but yoy can get information from YouTubers that are suggesting and providing signals. And if you don't like to research and have good Investment you can do invest in good coins like btc or eth or ltc.

[AmjadBydn 0]

I think you have to ask this question to Google ! and he will answer you about the best cryptocurrency to invest at this time ! but in my opinion Eth , LTc are the best 

[Jahida 67 960]

I think ICO period is mostly a gamebal.  There you can see a lot of list for every ICO comming in a few year i advice you to not invest in ICO instead. Thank you 

[kadayakito 765]

There are many ways to identify good coins to invest in, maybe old coins that are so popular in the market, such as bitcoin or ethereum. With new coins, you have to investigate for yourself, find out information or ask experts.

[Andres Alaba 264]

There are a lot of potentially good coins on the market and you should not consider each of them a scam. Don't forget to check the reliability of coin and don't take unnecessary risks anyway.

[Trader21 1199]

Maybe you can see statistic of this coin or ask somebody about it, who is smart about crypto. It is also good to choose best performing coins, like top altcoins. They are really valuable. 

[kizz 3370]

For me, Bitcoin is the best crypto currency but if you want to try other coin, I will recommend xrp and ethereum. You must consider different perspective about this. You must think a lot when it comes to investing.

[Wilmer Garcia 0]

Doing a good research would be the right thing to do, you can seek help with some experts who can give you good information to help you identify the currency you want 

[Brushless4500KV 4214]

On 4/18/2020 at 5:54 AM, Rosaline149 said:

I suggest you to check the best performing coin on the coin market cap. CMC is the excellent cryptocurrency ranking platform. Always think about to make investments in highly performing cryptocurrency like Bitcoin, ETH, XRP , LTC etc. 

Coinmarketcap is useful to gain statistical info about coins and their rankings but if you want to choose a coin for trading, you have to search for it inside exchanges not in CMC. Look for coins that are always present in most exchanges and have superior performance in exchange platforms. The data you will extract from exchanges are more valuable because they are live data in real conditions. For example, Litecoin has the 7th rank in CMC but it is the 3rd most tradable coin in Yobit in terms of volume. So, choose top 10 coins in exchanges not in CMC.

[Jimmy26 987]

To get some idea about the good coins you have to make yourself more comfortable and knowledgeable in the trading world and also you have to be to learn about the analyses of the graph then only you can recognise the situations and the current rate of the currencies that will give you some idea for the investments that would be perfect for you you and you don't have to face any difficulties while going for trading and many times people start having losses because of the lack of knowledge about trading and cryptocurrency so before going for investments first try to get the things in your mind that will be much better.

[Trader21 1199]

There are a lot of ways to discover a good coin. By following event of the market, or maybe following experts you can do it very easily. But you must choose expert, who is really expert. 😉 There are a lot of people, who call expert themselves. Instead of relying on them you can find the best. 

[SuperCrypto 7193]

3 hours ago, Wa998sh said:

i think you are still a beginner in Crypto, so i think that the best way to gain profit by trading is by following the experts. they almost never lose any cent when they trade.

There are those that you think are experts and the truth is they call experience humiliation in your own research and investment using the most common currency that has long-term use, and avoiding new currencies that lack some information and whose future is not guaranteed.