Ninjastic
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Board Altcoin Discussion
Re: How do you discover coins with great potential? Nearly 10.000 coins out there...
by
South Park
on 06/05/2021, 16:56:34 UTC
Quote from: GrosWesh on May 02, 2021, 07:06:37 PM
Quote from: cryptoabundance on May 02, 2021, 07:23:49 AM


Hello,

there are almost 10.000 coins according to coinmarketcap.
How to get an overview? How to discover coins with great potential based on other coins with similar characteristics?
Is there a CSV file oder SQL database to analyze somewhere?

There is no miracle recipe, but as already said in other comments, the quality of the research carried out is crucial. Obviously, that will not be enough and it will also be necessary to be lucky ...

A good solution is to balance the risks by investing a part of your funds in solid assets (top 10/20) and the other part in projects in which you believe, following your research. The key is not to get carried away by all the promises made in each white paper. The teams are very, very strong in marketing nowadays !  Cheesy
And unfortunately the quality of the research has everything to do with your knowledge about how the blockchain really works, after all how you can find good projects when you know nothing about the market itself? This is why people most of the time recommend other people to stay away from altcoins, people do this not because they want to interfere with the chances of people to make money, what they want to do is to avoid them to go through catastrophic losses which is by far the most likely outcome.