How do you choose a good coin?

[Kakashi2020]

When it comes to investing in newly launched cryptocurrencies, what is your deciding point?  What things do you look for or consider before investing some money on said coin?  

[anyone01]

The easiest manner to pick out is to definitely purchase Bitcoin. It's the largest and the most powerful and the least risky and likely always could be those things. In case you need to head down the rabbit hole of Altcoins it's going to take you many hours of living and breathing and learning and trading cryptocurrency before you will begin of being capable to make smart altcoin investment choices.

[cks003]

The deciding factor is the network which reflects the acceptance of the coin by the public.  Since the advent of Bitcoin, there have been so many alt coins introduced to the market, and many cannot even last for few months.  The "entrepreneurs" have reaped large profit at the expense of the investors.  So one has to be vigilant when come to choosing which virtual coin to invest.  Bitcoin and Etherium have been in the market for some time and the acceptance is high given the large network and acceptance. 

[Steve5]

It's better to choose something that's already been established. Bitcoin is more prevalent nowadays. So you're able to track it more efficiently. The price point is more stable compared to other cryptocurrency. You just have to wait for the best time to make a profit. 😃

[Steve5]

13 hours ago, cks003 said:

The deciding factor is the network which reflects the acceptance of the coin by the public.  Since the advent of Bitcoin, there have been so many alt coins introduced to the market, and many cannot even last for few months.  The "entrepreneurs" have reaped large profit at the expense of the investors.  So one has to be vigilant when come to choosing which virtual coin to invest.  Bitcoin and Etherium have been in the market for some time and the acceptance is high given the large network and acceptance. 

That's great advice. I've also wondered about the unfortunate people to have lost their money on investments. Only the so called "entrepreneurs" made lots of money. So it's in our best interest to pick stable currencies like the two you mentioned. They're much better in the long term. 😄

[Alymae]

A lot of people lost money on this kind of investments. It is really hard to choose where to invest your money. I would much rather invest in a crypto that is already well known and can be considered stable in the market such as bitcoin and ethereum. Cryptos that are well-known fare better in the market.

Edited December 5, 2018 by Alymae

[Caguioa747]

How to choose a coin? For me, First Is you should look for its website to know if it is legit. Then they should also have a Telegram, Twitter and the most important is their white paper and roadmap. If anyone missing from that list then forget about investing on that coin .