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Invested few times in just new created Altcoins and so far it gave me no profit. After all most of them are just shit coins become total worthless. Frustrating when they end in 1 satoshi price when you paid much more.
Most of them are. The way I think about it is if I back 10 horses at 100-1 and 1 of them comes in, I've done very well. But how to find the Doges, the Dashes and the Moneros from a huge forum of crap. If I get it right one time in ten, that's still a 90% failure rate and very good finacial results.
Does it begin with "E" and end in "thereum"
Bit late for getting into that now. OP is looking for help finding the next big thing, not last week's big thing. Any fool can do that.
You really think ethereum is finished? Lol!
Yes, I think it's all downhill from here for ETH. Certainly no possibility of getting 100 or 1000 times back on your invesment like there is with little cap alts.
Does it begin with "E" and end in "thereum"
Bit late for getting into that now. OP is looking for help finding the next big thing, not last week's big thing. Any fool can do that.
Price is pretty irrelevant, available supply doesn't mean a lot on it's own, but volume is really important.
There are two key things I look at in a newly added coin - the market cap, the volume . . . and most importanly market cap divided by volume. That really tells a story - I like something around a ratio of 100. You won't get this number on CMC, gotta do that in your script.
There are two key things I look at in a newly added coin - the market cap, the volume . . . and most importanly market cap divided by volume. That really tells a story - I like something around a ratio of 100. You won't get this number on CMC, gotta do that in your script.
Where does a non tech person get and run a script like that ?
You'd have to hire someone if you're not technical. Or maybe I should sell mine.
Here's what I got on the last run a few hours ago. This is the kind of thing a script outputs
CMC Name Ticker CAP Vol 1hr 24hr 1week Ratio
203 HODLCoin HODLCoin HODL 68811 604 6.31 23.39 ? 113.9254966887
240 DeBuNe DeBuNe DEBUNE 32907 28 -0.06 2.47 ? 1175.25
270 C-Bit C-Bit XCT 16435 566 0.08 9.95 ? 29.0371024735
314 Bubble Bubble BUB 2245 18 0.07 1.53 ? 124.7222222222
324 Antilitecoin Antilitecoin ALTC 965 13 0.04 -4.56 ? 74.2307692308
327 Coinaid Coinaid CAID 839 13 0.06 1.52 ? 64.5384615385
332 Independent Money System Independent ... IMS 486 28 0.04 4.15 ? 17.3571428571
It's not a guarantee though - in fact I can guarantee some of these are dogs. It's just a starting point for research - you can't write a script for that.
I keep an eye on coinmarketcap for new coins - before it hits cmc, it's too early.
Here's the table,
http://coinmarketcap.com/currencies/views/all/
If you see a '?' in the last column (7 day change), that's a new coin that's just been added to CMC and is worthy of further investigation. Sometimes CMC makes a mistakes and puts a '?' in the last column, so to make sure, check the chart to make sure it doesn't have much history.
I have a script set up to report new coins hitting CMC for me that meet certain parameters.
It's not a guarantee, but it generally throws up coins that are worthy of further investigation.
Here's the table,
http://coinmarketcap.com/currencies/views/all/
If you see a '?' in the last column (7 day change), that's a new coin that's just been added to CMC and is worthy of further investigation. Sometimes CMC makes a mistakes and puts a '?' in the last column, so to make sure, check the chart to make sure it doesn't have much history.
I have a script set up to report new coins hitting CMC for me that meet certain parameters.
It's not a guarantee, but it generally throws up coins that are worthy of further investigation.
Thanks for the tip! I always get bogged down trying to weed through ANN posts for new coins but this method makes much more sense. I'll have to look into making a script of my own
I think I can figure that out, but what about these parameters you speak of? Just values from CMC? Thanks again
Doesn't still help me decide which coin to buy for an investment. is it just he CMC that we need to check?
what should we look for in the columns of Price, Available Supply and Volume?
Price is pretty irrelevant, available supply doesn't mean a lot on it's own, but volume is really important.
There are two key things I look at in a newly added coin - the market cap, the volume . . . and most importanly market cap divided by volume. That really tells a story - I like something around a ratio of 100. You won't get this number on CMC, gotta do that in your script.
You can see this even with larger coins - You want a good ratio . . . for example
Bitcoin 74:1
Litecoin 118:1
Compare that to larger coins with suspect valuations -
Ripple 1700:1
Bytecoin 979:1
Too large and it's a dodgy premine, too small and it's a pump'n'dump.
I keep an eye on coinmarketcap for new coins - before it hits cmc, it's too early.
Here's the table,
http://coinmarketcap.com/currencies/views/all/
If you see a '?' in the last column (7 day change), that's a new coin that's just been added to CMC and is worthy of further investigation. Sometimes CMC makes a mistakes and puts a '?' in the last column, so to make sure, check the chart to make sure it doesn't have much history.
I have a script set up to report new coins hitting CMC for me that meet certain parameters.
It's not a guarantee, but it generally throws up coins that are worthy of further investigation.
Here's the table,
http://coinmarketcap.com/currencies/views/all/
If you see a '?' in the last column (7 day change), that's a new coin that's just been added to CMC and is worthy of further investigation. Sometimes CMC makes a mistakes and puts a '?' in the last column, so to make sure, check the chart to make sure it doesn't have much history.
I have a script set up to report new coins hitting CMC for me that meet certain parameters.
It's not a guarantee, but it generally throws up coins that are worthy of further investigation.
PoS is not as decentralized as PoW, but decentralization is not as important as it used to be.
Really, what logic supports your statement?
FYI:
decentralization is not as important as it used to be
It is : if Single Point of Failure is a Concern , which with any system you want running 24x7, it is most definitely is a Concern!
Well, when the first cryptocoin was setup, it had to be decentralized, because it could have easily been shut down if not.
Now . . . why bother to shut down a crypto currency, because all the users easily switch to another. As long as 1 decentralized currency remains, it's not so important for others to be decentrailzed too.