How to identify profitable cryptocurrency for investment? Expert's answer

Date:

2019-01-07 22:45:08

Views:

3483

Rating:

1Like 0Dislike

Share:

How to identify profitable cryptocurrency for investment? Expert's answer Source:

The investor and the trader under the name Davincij15, published a new system of evaluation of potential altcoins. In his opinion, the criteria should form the basis of fundamental analysis any novice player in the market. Immense popularity in cryptocommunist Davincij15 has received after the viral distribution of its own video about the advantages and disadvantages , which was first published in 2011.

How to find profitable cryptocurrency

Note that at the time of publication live Bitcoin trading somewhere in the area of 9.57 USD. At the beginning of 2011, the price of the coins amounted to only 0.3 per dollar in July BTC jumped to 15.4 per dollar.

Published Davincij15 document has three sections. The first part describes the General principles of the classification of cryptocurrencies into four grade. In the second part, the investor discloses a rating system of each cryptocurrency. The third section contains basic tips for successful trading. So, how to determine what rank is your Aldon?

1st rank

The Coin should be in the top 25 ranking by market capitalization and excluding tablconv. The project should not be centralized. Finally, he must have a solid marketing and advertising.

This section include a top coins like Bitcoin , and .

2nd grade

These cryptocurrencies have strong community support and good developers, but they lack of marketing. Projects of the second rank quite interesting and don't copy a Bitcoin. Another criterion for listing at least five exchanges.

Here it can be attributed .

3rd grade

These crypto you have developers, but their activity is almost zero, that is, in the Github updates yet. Altcoins whose market capitalization fell below $ 10 million, but they still traded for at least three exchanges.

As an example, Davincij15 has classified in this category .

4th grade

«Dead» blackany without a team of developers and support community. Such coins are traded on an unknown exchange and their market capitalization does not exceed $ 1 million.

Apparently, to the 4-grade classification can be assigned a large part of digital assets of the stock market.

Note that Davincij15 still working on the final option that describes its assessment system. If you have your own methods to determine profitable altcoins, share them in our .

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The boom of Bitcoin will be in 2020, and the blockchain ready for a revolution. The opinion of financial analyst

The boom of Bitcoin will be in 2020, and the blockchain ready for a revolution. The opinion of financial analyst

the Founder of ADVFN, a journalist and analyst Forbes Clem chambers in an interview with the Evening Standard U. K. said that go into the growth stage in the near future. More specifically, he predicts a boom in BTC for 2020. This...

Bitcoin up over $ 4,000. Preparing for growth?

Bitcoin up over $ 4,000. Preparing for growth?

yesterday we about the possible breakout of a symmetrical triangle on 4-hour chart . The forecast materialize. The result was a sharp upward movement that returned the initiative in the hands of the bulls. The cryptocurrency gener...

Coinbase has blocked a personal account of the founder of the social network Gab. What's the matter?

Coinbase has blocked a personal account of the founder of the social network Gab. What's the matter?

On the official account Gab.com Twitter appeared information that the company removed the trading account of the founder of the social network Gab Andrew Torba. As previously reported in the blockchain blog, Breaker, business expe...

Nvidia announced a video card RTX 2060. What is known about the new product?

Nvidia announced a video card RTX 2060. What is known about the new product?

Today at the CES event 2019 representatives has announced a new budget video card RTX 2060. She belongs to a mid-range GPU from the first batch of parts is estimated at $ 349. It is noteworthy that previously released video V Batt...

The results of the week: Ethereum creates a platform for growth

The results of the week: Ethereum creates a platform for growth

the Bidding begins to slow to accelerate and trading volumes grow, and the traders are waiting for a new jump of the asset. Soon another cryptocurrency may be a little roll down, but while each local failure on the chart the bulls...

ConsenSys will cooperate with AMD for the development of blockchain-industry

ConsenSys will cooperate with AMD for the development of blockchain-industry

Despite the significant decline of the stock market over the past year, the blockchain startups continue on his own shoulders to pull the industry out of recession. Reports indicate that a key member of the emerging ecosystem Cons...

The end of the week. Bitcoin is moving without a clear trend, what's next?

The end of the week. Bitcoin is moving without a clear trend, what's next?

again near major support level. Judging by the 4-hour chart of cryptocurrency, the fate of its growth in the medium term will be resolved next week. The asset has formed a symmetrical triangle on small time frames, which suggests...

Weiss Ratings: Bitcoin will put a new record price this year

Weiss Ratings: Bitcoin will put a new record price this year

it's Time to start making a calendar of price forecasts for the year 2019. I wonder how many of them will be in the next 12 months? Recall that in 2018, many analysts do some pretty bold predictions about the future of cryptocurre...

CRYPTOMACH / Growth of Bitcoin 820 times, divorce wall street in the form of crypto-currency ETF and the first altcon in the world

CRYPTOMACH / Growth of Bitcoin 820 times, divorce wall street in the form of crypto-currency ETF and the first altcon in the world

the Holidays are coming to an end. The salad plates already empty, the tree is actively flaking, and the champagne has long been on the bottom. It's time to sum up the results Christmas week. Remember the experts ' recommendations...

ICORating have identified the most safe cryptocurrency exchanges. What are they?

ICORating have identified the most safe cryptocurrency exchanges. What are they?

ICORating has released an updated rating safe exchanges, which included more than 100 popular platforms. The evaluation was conducted in four categories: security users, security domains, and registrars, web security and protectio...

The power of the crowd: analysts have found a relationship between trading Ripple XRP and tweets

The power of the crowd: analysts have found a relationship between trading Ripple XRP and tweets

the Community Ripple is certainly the most active throughout cryptosphere. According to analysts, The Tie between the overall sentiment and trading volume of coins, there is even a correlation. and lose in this matter XRP, as thei...

Purchase: exchanges Huobi and OKEx support the upcoming hardwork Ethereum Constantinople

Purchase: exchanges Huobi and OKEx support the upcoming hardwork Ethereum Constantinople

Leading cryptocurrency exchange Huobi OKEx and Global announced that it will support a network refresh of Constantinople, scheduled between 14 and 18 January. Recall that Constantinople is hardwork, which will radically change the...

The crypt needs to be regulated, or a New advertising campaign exchange Gemini

The crypt needs to be regulated, or a New advertising campaign exchange Gemini

In a new ad campaign cryptocurrency exchange, Gemini, which in 2014, was founded by the Winklevoss twins, calls for better regulation of Cryptoprotected. The posters on taxi and in the new York subway with the slogan «the Cry...

BitMEX CEO: Bitcoin is still just an experiment, but he clearly has a future

BitMEX CEO: Bitcoin is still just an experiment, but he clearly has a future

is not the first step to digital money. It was up to him and DigiCash in 1990, and then the electronic version of the gold E-gold and, of course, Liberty Reserve, which allowed to convert us dollars and euros in electronic money....

Cheaper no fee for the transfer of bitcoins dropped to the lowest level in the last three years

Cheaper no fee for the transfer of bitcoins dropped to the lowest level in the last three years

a Couple of months ago about this could only dream of, but now the transaction fees of Bitcoin fell to a minimum over the last three years. Cryptocurrency holds above $ 3,000, while every day around it accumulates more and more po...

Forbes endorses: Satoshi Nakamoto was ranked 44th in the ranking of the most influential financiers in the world

Forbes endorses: Satoshi Nakamoto was ranked 44th in the ranking of the most influential financiers in the world

Anonymous inventor made it to the ranking of the most influential figures in the global financial system. Now Satoshi Nakamoto affects the world even more than mark Zuckerberg, Kristalina Georgieva, or Paul Krugman. The portal Wor...

Legendary American investor wants to invest in Bitcoin. What is the reason?

Legendary American investor wants to invest in Bitcoin. What is the reason?

a well-Known investor Gary Shilling believes Bitcoin «black box», and prefers to stay away from cryptocurrencies. In an interview with Business Insider, a financial analyst noted that digital assets too «murky and c...

ETF on Bitcoin divorce from wall street? A fresh look from the managing partner NobleBridge Wealth

ETF on Bitcoin divorce from wall street? A fresh look from the managing partner NobleBridge Wealth

Tyrone V. Ross, Jr. is the managing partner in NobleBridge Wealth & Asset Management Services. In an interview with Naomi Brockwell he told about the ETF , which is still pending approval. The expert noted that to hold coins ...