Altcoins Discussion

[DonaldAltcoinsTalk]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

[Yeecrypto]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

For me, it's all about the use case and investors/partners. This isn’t to say it always works, but if a project has a strong use case, solid partnerships, and a bullish community behind it that’s enough for me.

[bounceback]

Firstly, for altcoin trading most important to know how much transaction volume increasing in daily day to know how interested from investor to buy or trade with that coins. Beside must looking for that altcoin project have good road map or not for several years later because its most important points to know how most potential of that altcoin.
Usually to know altcoin worth it for long term depend how many investor interested and how many address holder hold it coins, if have many holder seems more potential in the future and should be list altcoin for trading or holding around several years later.

[TomPluz]

We already know what are the things that can contribute to a project's rise in this industry and for me one of the top is the people behind the project because no matter how good are the use-cases if the people behind are not good enough then they would usually just throw the opportunities available. However, we should know that there is really no guarantee here...in fact there had been very good, innovative projects that went dead for no solid reasons at all...they just could not just capture the needed support and excitement from the market. Another element not talked a lot about is just pure LUCK...you have to be at the right time, right place to get into those successful projects right when they started.

[lepbagong]

I think everyone will always make sure before determining the selection to see who is behind it, because it is certain that they can always provide a definite contribution to be made and will have an impact on the development of the coin. After that, the transaction volume will also not be separated from monitoring so that it can provide a real picture of what happens at the time when it will indeed be the best choice for investors. Maybe there will be many more references that can be used to determine how good a coin is to continue to be an attractive investment at the time. We just have to sort it out according to what needs might be a benchmark for selection.

[Stuart]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

Well, for me, the projects we see these days, the difficulty of differentiating scam from original just gets harder than normal. I hold on the old altcoins in the crypto market to make my investment, cause there is no reason for assessing a project when there is no interest for investment.

[rdluffy]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

The main thing is real and organic usage of this altcoin
Will this altcoin solve a real and existing problem in the long term?

If so, you can move on to other issues, such as developers, community, etc., but in my opinion long-term viability would only be if the project manages to solve a real problem
Otherwise, it will just be a trend, a narrative of the moment that will later be ostracized together with another altcoins

[bitterguy28]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

for me the team should have a concrete long term plan and vision for what they want their project to achieve if the project does not have a plan and only talks about hyping the project up that is clear indication to me that this project will go nowhere past the launch date

it might give me profit but without a purpose and use case the project will not progress and improve over time and thus will remain stagnant

[hugeblack]

Long-term viability and altcoin project are difficult to put together in one word, or in other words, most altcoin projects fail to maintain their value in the long term, let alone be feasible and profitable in the long term. Investing in altcoins comes in waves and these waves usually last for 3 months to 9 months, so unless the market capacity of these projects is greater than a billion dollars, it is difficult to maintain them in the long term.

[Alone055]

To be honest, I barely invest in altcoins for the long-term because I don't trust them much based on the incidents we have seen in the history of altcoins. LUNA is one of the biggest examples of the altcoin disasters we've witnessed and thankfully I wasn't a part of that project, but it haunts me until this day and such things are the reason why I generally stay away from altcoins when I'm thinking of making long-term purchases.

However, if you ask and even if I have to answer hypothetically, I would say that it's probably the use case of an altcoin that I would be more interested in because that is the only thing which might give you an idea if an altcoin is going to survive for long or not. Look at ETH, for example, it brought a new wave in the industry, allowing developers to create and use their own tokens and coins through smart contracts, and that is still in use, which is the reason why ETH is where it is today.

[hugeblack]

However, if you ask and even if I have to answer hypothetically, I would say that it's probably the use case of an altcoin that I would be more interested in because that is the only thing which might give you an idea if an altcoin is going to survive for long or not. Look at ETH, for example, it brought a new wave in the industry, allowing developers to create and use their own tokens and coins through smart contracts, and that is still in use, which is the reason why ETH is where it is today.

Even Ethereum's long-term trend compared to Bitcoin is still bearish, there have been a few times when Ethereum has outperformed Bitcoin and we can put it as a general rule that altcoin trading is much better than long-term investment especially if we compare the return to the Bitcoin price.

[Faisal2202]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

The answer to this question is pretty straight forward but when we get into the real working it gets hard and confusing so to keep it simple, we just have to read the whitepaper to see if they really put effort into their project and WP, look for their team, and their experience, and their past work.

Check their social media, funds they raise because nowadays many projects are raising funds and I think this is just another way to clean money so try to avoid them, I would suggest find the ones which are from the current hot narrative like AI or it's sub-groups.

Projects which have good team, good WP, good site, working features, technical people, etc. we should give it a try and yeah partnerships matter also.

[rdluffy]

Even Ethereum's long-term trend compared to Bitcoin is still bearish, there have been a few times when Ethereum has outperformed Bitcoin and we can put it as a general rule that altcoin trading is much better than long-term investment especially if we compare the return to the Bitcoin price.

And ETH is widely used, with ETH being the gas of the network itself, as well as having several L2 layers running together, huge DeFi projects...
There's a lot of use for ETH and compared to BTC, the coin is only losing value

Many people use altcoins only as a way of accumulating more Bitcoin in the long term

[vegasus]

There are at least the following things that need to be considered as my determining factors in choosing an altcoin for the long term. This is based on my individual experience, so no offense and may be different from others:
- Listed on coin market cap
- Has a high market cap, the higher, the more convincing
- Large and solid community
- Clear and truly developing project development
- ETF Approved much better
- Top altcoins

[Z-tight]

There are too many new altcoins, it is so hard to find a new altcoin that has a use case. There are so many scam coins and many waiting to rugpull you, take note that you can also do your research about an altcoin project only to be disappointed in the end. I think for people who like to invest in altcoin, they should stick to older coins that have been around for sometime.