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Cryptocurrency fundamental analysis

whirl

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Jan 20, 2018
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Hi. I've searched the forum but I didn't found a lot. I would like to ask you how do you check if cryptocurrency is worth to invest in? I know about whitepapers, looking for info about developers, technical opportunities etc. Are there any other things I should consider?

If similiar topic exists-just link it.

Thanks
 

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Jan_K

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Aug 31, 2019
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Hey, I'm quite a crypto geek and have thousands invested myself.

The best coin you can currectly invest in is simply Bitcoin, the alt market has been dying for months now. Bitcoin has moved from $9400 to $9800 in the past 3 days which means it's likely that it'll go up now, I say likely because I am never 100% sure, always be ready to temporary get out by getting into Tether.

Do know the time that cryptocurrencies will make you rich by going up thousands of % per month has been over for a long time, your focus should be going for the little percentages every trade.

Good luck! Looking forward to hearing your process!
 

Kid

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Mar 1, 2016
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Read my white paper: It's a scam!
 
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whirl

New Contributor
Jan 20, 2018
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Poland
Thank you for an answer! I know that Bitcoin is good to invest but what about the altoins? For example ETH? It is big opportunity if etherum will be more and more popular. Do you think that any other crypto will be good to invest due to their technical side? Maybe because of dying market of alts this is good Time to invest in them?
 

Mainstream7

Beauty is Truth
Jan 1, 2015
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Hi. I've searched the forum but I didn't found a lot. I would like to ask you how do you check if cryptocurrency is worth to invest in? I know about whitepapers, looking for info about developers, technical opportunities etc. Are there any other things I should consider?

If similiar topic exists-just link it.

Thanks
Devs and teams will always tell you they are the next big thing. Most small teams don´t have market makers. Imagine you would follow the big money. I would look for one of the best teams there is with a huge following. i.e. Hedera Hashgraph. The new kids with a big following have a chance of markup in prices, they likely will have market makers. The problem with holders though, they dont have exits. The greed that makes them a fortune will also create their demise.
It´s true that 99% of altcoins will go to zero.


Hey, I'm quite a crypto geek and have thousands invested myself.

The best coin you can currectly invest in is simply Bitcoin, the alt market has been dying for months now. Bitcoin has moved from $9400 to $9800 in the past 3 days which means it's likely that it'll go up now, I say likely because I am never 100% sure, always be ready to temporary get out by getting into Tether.

Do know the time that cryptocurrencies will make you rich by going up thousands of % per month has been over for a long time, your focus should be going for the little percentages every trade.

Good luck! Looking forward to hearing your process!
Support is on the verge of breaking.
 
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Jan_K

New Contributor
Read Millionaire Fastlane
Aug 31, 2019
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the Netherlands
Thank you for an answer! I know that Bitcoin is good to invest but what about the altoins? For example ETH? It is big opportunity if etherum will be more and more popular. Do you think that any other crypto will be good to invest due to their technical side? Maybe because of dying market of alts this is good Time to invest in them?
At this moment, no. ETH and 98% of all other altcoins have gone down since the ATH (all time high) start 2018, ETH used to be $1200, right now it is $170, that doesn't seem like the next big thing to me.

If you see the alt market making a trend upwards again, and a lot of coins suddently increase then you can always hop on, it's better to miss the start of the ride and hopping on halfway and hopping off when it dropped a little bit since the top then going all in even though the trend is still going down, because then you will lose.

A little example I had with Bitcoin this week, it went from $10200 to $9400 (now at $9850 again) in a matter of hours, I managed to hop off at $10080 (not at the top, but I had a clear signal of the downtrend), when I saw that it was stuck at $9400 I hopped back on at $9450. As you can see from this example I saved a lot by doing this, it's okay to miss out on a small percentage, you will never sell or buy at the perfect time.

Be careful and only look at the charts / truly big news, all teams or investors of these alt coins believe it is the "next big thing" even though it's not in most cases.

Be safe, do your own research and invest in bitcoin, current trend seems upwards again, $9850 right now, that's about a 0,5% increase since my last post.

It's safer to not risk it all trying to find the next big thing, your main priority should be to protect your capital, you do so by focussing on the smaller and more realistic percentages.

Again though, and I can not say this often enough, do your own research, nobody is responsible for your wins/losses but you!
 
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Leo Hendrix

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market trends, industry adoption, problems with current solutions/products, trends within cryptocurrency markets & industry itself like utility tokens vs security tokens.

One important one I have noticed that keeps coming up is to watch what the team does or watch the movement of the coin or token on the blockchain, have they dumped/sold a lot recently with the possibility of no longer actively contributing to the project?

Personally I am not really interested in trading or speculating with cryptocurrencies the furtherest I would go is swing & margin trading on bitmex during a bull run as I think I have a knack for getting the price right.

Some people believe most of the blockchains and altcoins will die so beware of that. I think we should be moving more towards consolidating efforts within core blockchains and projects and creating more products and applications for everyday mass-market use, although I wouldn't call myself a Maximalist I still believe Bitcoin is the best cryptocurrency for what it currently does and it will remain with a few other core blockchains - with a few other altcoins surviving, those that gain good traction and use within their niche.
 

ChrisV

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I'm very skeptical of Bitcoin. I think it's a speculative bubble.

It's fine to invest as long as you get out before the bubble bursts, and I think it will.

You can't actually use Bitcoin for anything except darknet cocaine and Second Life furniture.

It takes too long to process to be practical.

Imo, blockchain is here to stay, bitcoin isn't.

G'head... make some money short term. But get out before the burst.

Thank you for an answer! I know that Bitcoin is good to invest but what about the altoins? For example ETH? It is big opportunity if etherum will be more and more popular. Do you think that any other crypto will be good to invest due to their technical side? Maybe because of dying market of alts this is good Time to invest in them?
If there's a crypto that solves the long transaction times, that may be a good one. But for now they're not practical.
 

ChrisV

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I think when investing we have to take it back to First Principals. When you're investing in a company, you're basically saying "here's my money, I believe your company will be successful."

If you buy stock in Facebook, it's because you believe that Facebook will be more successful in the future, and your money will help them with that.

I don't think there's any good reason to believe that Bitcoin will actually be used in practice. It's cool. It's a novelty. It's a middle finger to Big Government.

But it's a bubble. A speculative bubble. So what's the speculation? You're essentially betting hat bitcoin will be successful. But it almost definitely won't be. The transaction times make it essentially useless. It's capable of like... 8 transactions per second where Visa's network is capable of ~100K/second (those numbers aren't exact, but they're close.)

Remember this, if nothing else: an investment is a bet on a company's future success.

Repeat that over and over. Betting on Bitcoins success is a bad bet, in my opinion. I think it will be replaced by another (actually useable) crypto that solves the transaction time thing.
 

Actionary

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Aug 14, 2014
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The only way this works is if you base your currency off of value in real world terms.
Meaning your crypto is used to buy and sell goods solely.

As long as we have people "cashing out" to "real world currency" pay bills, buy food etc, the crypto is virtually useless for the purpose of currency and works solely as an investment play.

If anyone wants to work with me on building some actual platforms to address the problem pm me.
 

Leo Hendrix

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Currently, I am more focused on Smart-Contracts and potential applications, products and use-cases around this tech as well De-Fi or Decentralized Finance and Staking Coins and a few Masternodes.

So I think if you can invest directly in the companies building in those spaces or their coins/tokens that might push you in a better direction, although it is still early days so, sure you can still make money off new coins coming out just beware that I believe altcoins are on the decline but I could be wrong.

Open, public, permissionless, censorship-resistant blockchains and coins should stay the distance as well as privacy coins and forks and possibly other chains and coins
 

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Leo Hendrix

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I'm very skeptical of Bitcoin. I think it's a speculative bubble.

It's fine to invest as long as you get out before the bubble bursts, and I think it will.

You can't actually use Bitcoin for anything except darknet cocaine and Second Life furniture.

It takes too long to process to be practical.

Imo, blockchain is here to stay, bitcoin isn't.

G'head... make some money short term. But get out before the burst.


If there's a crypto that solves the long transaction times, that may be a good one. But for now they're not practical.
Bitcoin can be used for a lot of things today, ie you can use it as money to buy goods and services online and offline, people sell houses for Bitcoin these days.

It has all the functions and properties of money.

When you mentioned that BTC can only be used to buy darknet cocaine and second life furniture I think you are thinking about how it was used 10 years ago in a small percentage of cases, it was not created for that purpose nor used a lot for illegal transactions - especially when people involved in illegal transactions found out how transparent and traceable bitcoin is. It is the most traceable transaction medium on earth and in existence so far.

Bitcoin is very traceable unless the users take the time and effort to make it private so it's no longer used for illegal transactions, Monero is used for private transactions + a few other coins but Monero is the coin of choice for illegal transactions now.
 
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JustRush

New Contributor
FASTLANE INSIDER
Sep 8, 2019
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I'm very skeptical of Bitcoin. I think it's a speculative bubble.

It's fine to invest as long as you get out before the bubble bursts, and I think it will.

You can't actually use Bitcoin for anything except darknet cocaine and Second Life furniture.

It takes too long to process to be practical.

Imo, blockchain is here to stay, bitcoin isn't.

G'head... make some money short term. But get out before the burst.


If there's a crypto that solves the long transaction times, that may be a good one. But for now they're not practical.
Have you ever heard of Dash? Computes <1 second? Practical enough? Your missing the entire point here. Bitcoin’s concept is meant to alleviate this event from occurring; mind you this is a REAL example, that I just experienced:

Scenario: Selling RSU stocks and transferring money from Morgan Stanley to my High Yield Savings, Vanguard Brokerage Fund, and Checking Account ( to pull 10% USD).

1- Received 20 RSUs (Gross: 39k) which was immediately taxed out the of the a$$ (14k), straight into Morgan Stanley’s pocket; dropping the value instantly to 25k. But Wait.. there is more!! Sell the stocks and get taxed commission, which is another 500! So now I have 24.5k
2- Transferred over 12k to my Vanguard account; taking 5 days ( yes 5 dang days)
3- Transferred 10k to HY Savings ( received 3% charge 300$ and took 7 days)
3- transferred remaining to checking, waited 5 days, and finally was able to take out 1,500 in cash.
All in, my 39k dropped, after 7 days of waiting, to 23k or a rough >40%. MJ always talks about time is the most valuable currency and to avoid surplus charges, which make the PRODUCERS rich. I am not saying BTC will solve 100% of these items, but I would prefer not to have people who don’t: understand the problems it’s solving, the solutions it provides, and the VALUE it will bring.

Take a breath, go read Satoshi’s 2008 White Paper, look in the mirror admit you were wrong for spreading BS in this forum, do more research, sleep, do more research, and then come back with some actual knowledge for us.

In the meantime, just go look at some data processing stats against BTC and other forms of payment, WHILE taking into consideration the direct and indirect fees associated; including your time. Cheers. Let me know when you have this epiphany .
 

JustRush

New Contributor
FASTLANE INSIDER
Sep 8, 2019
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Devs and teams will always tell you they are the next big thing. Most small teams don´t have market makers. Imagine you would follow the big money. I would look for one of the best teams there is with a huge following. i.e. Hedera Hashgraph. The new kids with a big following have a chance of markup in prices, they likely will have market makers. The problem with holders though, they dont have exits. The greed that makes them a fortune will also create their demise.
It´s true that 99% of altcoins will go to zero.




Support is on the verge of breaking.

Agree ! When I am investing in my Crypto, I look at three items: 1- Current Roadmap Execution and results, 2- Partners or Champions ( Reputable Supporters), and 3- The future vision of the Firm and how they plan on executing. Read their white papers, do your research, and what MJ said, whatever everyone is doing you should probably do the opposition; meaning when people are selling, you should be buying. The days of 1,200% in <6 months are long gone lol, but working it smart, it is not unreasonable to come out with a + 200% gain. This is a whole lot better than a meager 3-6% in an Index or ETF!
 

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