How can I choose which cryptocurrency to invest in?

[Rubel007]

What you do is certainly very appreciated because you already understand that investing in new coins is very exciting but can make things difficult by not producing results because many are scams.
That's right, the best ranking on CMC at the moment already illustrates how strong the coin is, so that it can get to this point because of the strength it has to survive.
If you want to make money, do what you think will bring you the profits that await you.

If you want to get big profits, choose new coins, but we both know that with new coins the risk is bigger. But if you want to be safe, choose the top rank coins in CMC, because they have been proven to last until now. There are lots of scams, be careful.

Everyone also knows that every new coin always comes with an attractive promise. Apart from the low price and additional prices, this makes many people interested. But behind all that, it could be that instead of making a profit, you may actually suffer a loss. But it's not that there aren't any good new coins, but you have to be more selective in choosing them as an investment.
If you don't have the ability to analyze, there is an easy way to do this by choosing the best coin ranked in the CMC, but always be selective.

We have to do research before buying a new coin, look at the fundamentals and the project. Whether the project will be of interest to users or not. because many new coins have good projects and will become popular in the future. And if the new project is successful, the profits we will achieve will also be quite high.

Investing in new projects is risky but if it is successful, the profit is high. But it is very difficult to consider which project should be invested and which one should not. If invest in those coins which have strong fundamentals, the returns will be good. But for this, the investor must be cautious. If invest in the short term, there is little chance of getting any good out of those projects. But the investor must exercise utmost caution. Because as new projects give returns, if the project is not good, there is a possibility of losing the investment.

[bayu7adi]

A person who wants to invest in crypto, must imho make a decision first: 1)if he is planning a short term or long term investment 2)if high risk or low risk investment suits him.
For a long term and low risk - take anything that is from top5 crypto. The most easy investment that require just a little bit of research. Want to make a long term and high risk investment - look on trendy projects that are on sale and do research. For low risk and short term - go with any popular trendy old altcoins. And for short term and high risk - choose any meme-coin and pray to gods of random.

+1...A very compact and concise answer.. I think this represents many people too... everyone just needs to adjust it to their own risk profile, and maybe a little spice to their financial strategy...

For memecoins, sometimes you can also hold them for the long term like $DOGE... but remember, the risk is high... if you look at the history of some memecoins, after a price pump occurs, the price becomes almost $0 and never rises again. You can't expect much and you can't even research too much, because lately memecoins have been created just to pump.

[pieppiep]

A person who wants to invest in crypto, must imho make a decision first: 1)if he is planning a short term or long term investment 2)if high risk or low risk investment suits him.
For a long term and low risk - take anything that is from top5 crypto. The most easy investment that require just a little bit of research. Want to make a long term and high risk investment - look on trendy projects that are on sale and do research. For low risk and short term - go with any popular trendy old altcoins. And for short term and high risk - choose any meme-coin and pray to gods of random.

+1...A very compact and concise answer.. I think this represents many people too... everyone just needs to adjust it to their own risk profile, and maybe a little spice to their financial strategy...

For memecoins, sometimes you can also hold them for the long term like $DOGE... but remember, the risk is high... if you look at the history of some memecoins, after a price pump occurs, the price becomes almost $0 and never rises again. You can't expect much and you can't even research too much, because lately memecoins have been created just to pump.

When deciding to trade on Meme coin we must remain careful, the risk will be very high. Meme coin price movements depend on whales who want to increase or decrease the price. No product has a good impact on meme coins. Even Dogecoin, which received support from Elon Musk, seems that currently Elon Musk no longer uses Doge. The key is not to buy the wrong Meme coin. Currently, there are many Meme coins circulating that end up being a scam.

[milewilda]

A person who wants to invest in crypto, must imho make a decision first: 1)if he is planning a short term or long term investment 2)if high risk or low risk investment suits him.
For a long term and low risk - take anything that is from top5 crypto. The most easy investment that require just a little bit of research. Want to make a long term and high risk investment - look on trendy projects that are on sale and do research. For low risk and short term - go with any popular trendy old altcoins. And for short term and high risk - choose any meme-coin and pray to gods of random.

+1...A very compact and concise answer.. I think this represents many people too... everyone just needs to adjust it to their own risk profile, and maybe a little spice to their financial strategy...

For memecoins, sometimes you can also hold them for the long term like $DOGE... but remember, the risk is high... if you look at the history of some memecoins, after a price pump occurs, the price becomes almost $0 and never rises again. You can't expect much and you can't even research too much, because lately memecoins have been created just to pump.

When deciding to trade on Meme coin we must remain careful, the risk will be very high. Meme coin price movements depend on whales who want to increase or decrease the price. No product has a good impact on meme coins. Even Dogecoin, which received support from Elon Musk, seems that currently Elon Musk no longer uses Doge. The key is not to buy the wrong Meme coin. Currently, there are many Meme coins circulating that end up being a scam.

Trading meme coin is some sort or could be pertain to be a gamble, why? This is something that you cant be able to make up some analysis considering that developers or creators
arent that someone who had been known or any hisotry behind on which if you would be tending to dig deeper then there's no way that you could really be able to see something relevant.
This is why it would really be that so hard to deal up with meme coins on which considered out to be some sort of gambling. In overall about crypto to invest into then
it would really be just that depending on you because we do have different considerations basing up into our own analysis.

[UNIVERSE]

Investing in new projects is risky but if it is successful, the profit is high. But it is very difficult to consider which project should be invested and which one should not. If invest in those coins which have strong fundamentals, the returns will be good. But for this, the investor must be cautious. If invest in the short term, there is little chance of getting any good out of those projects. But the investor must exercise utmost caution. Because as new projects give returns, if the project is not good, there is a possibility of losing the investment.

Investing in new projects and old projects are risky, crypto investment will be always risky. It is because there is no guarantee for the profits and the volatility of the price is quite high. Sure, we must do analysis or research to know which project is good for investment. We can check the fundamentals and the current update related to any issue on the project. It it looks quite convincing, we can decide to invest in the project.

Regarding the profits, it depends on the capital. If we invest with bigger capital, the profits must be bigger. But the chance of losing huge money is quite possible, too. Specifically if we invest in new projects, many people experience losing money there.

[|MINER|]

Trading meme coin is some sort or could be pertain to be a gamble, why? This is something that you cant be able to make up some analysis considering that developers or creators
arent that someone who had been known or any hisotry behind on which if you would be tending to dig deeper then there's no way that you could really be able to see something relevant.
This is why it would really be that so hard to deal up with meme coins on which considered out to be some sort of gambling. In overall about crypto to invest into then
it would really be just that depending on you because we do have different considerations basing up into our own analysis.

I will agree with your opinion, Meme coin is that cryptocurrency what really an unpredictable, I saw 12$ pumping 1000$+ in a days and also seen 1000$ dump below 100$ in case of gambling. Like if you invest in other general coin on spot then even if you faced lost may be there can have some fund and in case of memecoin you can loose your all fund like as gambling I also consider investing in meme coin as gambling.

[bayu7adi]

~snip~
 I also consider investing in meme coin as gambling.

So what about the memecoins that have survived to this day, such as DOGE, SHIB and other popular memecoins?? It is able to survive and many people consider it to have a fundamental strength of its own. There are still many people who draw charts using technical analysis for these coins, maybe there are still some meme coins that deserve not to be classified as gambling mechanisms for now.

Meme coins which are synonymous with gambling in my opinion refer to meme coins that have just been launched... there are a lot of them, and in fact every day there are new coins... their goal is all the same, hoping to get a pump moment of up to x1000 with capital money $1 can become $1000

[|MINER|]

~snip~
 I also consider investing in meme coin as gambling.

So what about the memecoins that have survived to this day, such as DOGE, SHIB and other popular memecoins?? It is able to survive and many people consider it to have a fundamental strength of its own. There are still many people who draw charts using technical analysis for these coins, maybe there are still some meme coins that deserve not to be classified as gambling mechanisms for now.
......................................

I have said considering it gambling so in gambling peoples also profit like they get the jackpots so in case of DOGE coin all credit goes to the Elonmusk and SHIB coin also the hype and trend on market there is nothing surety how they can sustain in market. So those who get profited by these I will say they get the jackpots what people get in gambling.

[Verica crypto]

It is recommended to research and consider factors such as the team behind the project, the technology and use case of the cryptocurrency, market trends, and potential for growth before making an investment decision.

[Mr. Magkaisa]

               -   The choice of cryptocurrency as an investment depends on each individual. If you are really doing research on a crypto, you will first find out its current development and also its relationship with the community that also has it.

If you always go along with the trend, and many people believe in promises, you can fall into the trap of scammers for sure. As an investor, you must also know how to make the right crypto investment. And there must be a basis.

[bayu7adi]

For long-term investment, it is clear that fundamental analysis is the main analysis that must come first... it is very basic, in fact some people might choose to use fundamental analysis alone with high confidence as their long-term investment capital... in the middle of the road, maybe they will find some price movements are sad, but the temporary wounds will heal and at some point their confidence will be greater to hold longer.

It's different if you want to look for short-term profits... the most important thing is technical analysis... even though market manipulation still often occurs in the cryptocurrency world, there is no other way than technical analysis for daily traders. Relying on the news can be an alternative for making decisions, but make sure you are not too late in getting the latest news.

[rojan]

It is recommended to research and consider factors such as the team behind the project, the technology and use case of the cryptocurrency, market trends, and potential for growth before making an investment decision.

It must be researched well before investing. If any wrong project is invested then the invested money will be at risk. So we always want after investing so that our money is not at risk. But if we want to find some good coins.  We can invest in them. Before investing we must have good experience about investment.

[Faisal2202]

Regarding the profits, it depends on the capital. If we invest with bigger capital, the profits must be bigger. But the chance of losing huge money is quite possible, too. Specifically if we invest in new projects, many people experience losing money there.

You are right, investing in new or old projects is always risky unless you are doing your homework, for example, in the current era, there is great hype for Ton and Not tokens based on the Ton blockchain, these are good projects and can easily give us 2x to 5x in the upcoming alts rally. Why I think that because there are hundreds of telegram based bots being built to make some money but they are being built on Ton and motivated by the Not project, thus these two are getting real hype and users.

Due to which these can easily give us 2x to 5x, I already made 4x from Not when it was at 0.006 maybe. The point is a little understanding of the hype can make us good money, its not that hard, but even after doing all the hard homework you don't able to make profit then bro believe me its not in you luck.

[pieppiep]

It is recommended to research and consider factors such as the team behind the project, the technology and use case of the cryptocurrency, market trends, and potential for growth before making an investment decision.

It must be researched well before investing. If any wrong project is invested then the invested money will be at risk. So we always want after investing so that our money is not at risk. But if we want to find some good coins.  We can invest in them. Before investing we must have good experience about investment.

For those of us who have been in the world of Cryptocurrency for a long time, it will be very easy to research several projects that we want to invest in. But for new traders, this will make it difficult for them to determine what project is good. As you have said, they don't have much experience so they can't decide whether the project they are going for has good security or not.

[Cryptsafe]

               -   The choice of cryptocurrency as an investment depends on each individual. If you are really doing research on a crypto, you will first find out its current development and also its relationship with the community that also has it.

You are right here, every individual has their own choice of investment and as such would definitely need to do their own research before investing their funds into any project of their choice. If as an investor, you fail to look into the project you are investing in then you are definitely heading in the wrong direction because you will be inundated with activities that you never envisaged which could have earlier been avoided.