Please guys help us newbies to start trading by not wasting time on bad method to determine profitable coins.
What is your best strategy to see if the coin will be profitable or not?
I am not telling that there are steps which guarantees if the coin will be profitable, but just asking what steps you using?
I saw that good method is to read news,forums about particular coin, but which websites to check, what should I look in the articals, news?
First I try to see if the coin has good liquidity and what exchanges is the coin listed at. You won't see a rubbish coin listed on most exchanges and liquidity won't be there at all.
But, that been said there have been coins that grew very rapidly and then got added to exchanges later on, I guess it's more about looking at the team and the people working behind the coin. If they are transparent and ready to interact with public it gives me a good feeling.