How do you identify good coins?

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Hi,

yesterday, I was asking one of the biggest shitcoin lover in here, @trumpman, on how he identifies the good ones. He mentioned research. Well this could be a good job in the future economy, shitcoin researcher and I would not be surprised that somebody is hiring already people for that. And by this, I don't mean the big guys with their super analysts and a lot of computer power behind or the youtuber that makes more from the ads than from crypto investments itself, I speak about guys on fiverr that we pay to do a full research on coins and that get's you a somehow professional report with pros and cons on the coins asked.

Also here we have guys like @revisociology who are tackling some shitcoins like in this post.. Please go and make him a visit as the post is worthwhile reading. He does also analyse the utility of a token and for the one in the post found this:

You can watch some of the hippy videos produced by people funded by the treasury - there's a yoga dude, some young woman banging on about energy or something for example.

Would you as a sane investor put your money into such a token? Well some people put their money in, as it is higher than Hive on the marketcap.

So how do you do your research? Only by trading analysis or watch over the purpose of it, the abilities, the cost, the team?

I'm choosing the second and I'm not a very early adopter as I need to see the results. I put some time looking on what it does and I think Hive and Leo have one of the best concepts because of technical possibilities, speed and transaction costs (not mentioning the cool community). Ok, they are still to slow to be used as payment tokens as imagine adding 3 seconds to every purchase made, but are far better than a lot of top10 tokens.

I still think they can 10x-100x in the next years, when people will see what they can do.

Besides this, I try to pick up 1-2 different new coins a year. Last year it was ADA, but I should have chosen also AVA. My funds are limited and choosing an investment takes a lot of decision power.

So, how do you chose your coins? What system do you have in place? Please leave a comment to exchange some good growth ideas. Also if you have written a post on this topic, please post in the comments

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Your current Rank (86) in the battle Arena of Holybread has granted you an Upvote of 24%

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how do you chose your coins?

I'm only investing in HIVE now. One time, I had 55 coins and my system of choosing my coins was READ and READ and READ

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55 is an amazing number! Can you mention 1 besides Hive and Leo?

Reading is the most important thing, no wonder Mr. Buffet is so reach after reading 5 hours everyday.

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55 coins sounds like a lot of possibility for losing or forgetting some lol

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Congratulations @alexvan! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 50000 as payout for your posts. Your next target is to reach a total payout of 52000

You can view your badges on your board and compare yourself to others in the Ranking
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I don’t do much for investing in coins outside of hive here. It’s a bit of a hassle for many, especially because the US regulations are tough so we can’t access a lot with our IP addresses. I just discover tokens here on hive through hive engine lol.

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Hive has been my main base for me till now and outside Hive I had my eye on the major ones only.

On Hive it's easier to choose as you have the information you need, know the projects and the people behind them. Obviously you can go wrong anytime as nothing is guaranteed.

Outside Hive it's a different matter. You have to consider everything and be prepared to any outcome. I've seen YouTube influencers, (they call themselves crypto specialists 🙄) explaining why they were wrong in predicting the price the day before. Embarrassing moments but they can't know everything even though they pretend to.

I guess you can only trust yourself. Make a decision and make peace with yourself. Go over analysis, charts, purpose and abilities and most of all, your budget.

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I am not into trading and I usually look to see if there is a real and useful project behind the token.
I have only bought some coins using earned steem & hive, some of it spent on bills and rest is hedl (but just a little, like 0,0000000something here)
If I was buying, I would probably look at everything you mentioned above so that I could minimize (if such a thing is ever possible) my risk

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