LBRY Block Explorer

LBRY Claims • critical-analysis-altcoins

39b6fcae19185e8ebae382cf0e42825fac226f2e

Published By
Created On
23 Oct 2019 18:12:23 UTC
Transaction ID
Cost
Safe for Work
Free
Yes
Critical Analysis: AltCoins
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef

Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b

Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191

Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1

Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann

If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview

LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW

It explains how to be critical of every aspect of an alt coin, from the technology and economics to the marketing and history.

Here are some things to look out for:

Here are some questions you should be asking when you want to identify the core reasons to invest in an alt coin:
* What problem is the Cryptocurrency trying to solve ?
* Are there alternatives to address this problem that are more efficient?
* Is the Altcoin structured with central control or a decentralised governance?
**And I think this last one is very important to consider:**
* How much of the price of the cryptocurrency is based on the value being delivered today and how much is it based on future promises of development?

Marketing Strategy/Social Proof:

If you’re looking for an alt coin that has some longevity it’s wise to investigate it’s social circle. How big is the community? You can find out by checking how many followers the coin has on Twitter, and by paying a visit to it’s slack channel. Not only will you be able to see how active the community is, but you’ll also get a feel for the overall sentiment of the coin. The slack channel is also a great place for you to ask all of your hard hitting questions. Like how many times has the alt coin rebranded and why?

Development team and Technology:

* What is the new tech that the altcoin is developing? (if any)
* Can the solution be easily copied?
* What is unique about the team behind this altcoin?
* What are the weaknesses of the development team?
* Are the dev team accessible?
* Are their identities public?

Price analysis:

Im sure you’ve heard the phrase pump and dump more than a few times by now.
These are essentially fueled by investors who spread FOMO to pump the price, that’s fear of missing out and then spread FUD to crash the price down, that’s fear, uncertainty and doubt. Many times it is the day traders who create these pump and dumps so they can skim profits.
...
https://www.youtube.com/watch?v=p8-oyJ4TTKg
Author
Content Type
Unspecified
video/mp4
Language
Unspecified
Open in LBRY

More from the publisher

Controlling
VIDEO
PRIVA
Controlling
VIDEO
BINAN
VIDEO
THE W
Controlling
VIDEO
TAKE
VIDEO
IPFS:
Controlling
VIDEO
MORE
Controlling
VIDEO
A 30%
Controlling
VIDEO
YOUâ€
VIDEO
DASH