How to Find Cryptocurrency Assets - that will Succeed - Before They are Popular

in steem •  7 years ago 

Here is a research I made about ways to find recently born cryptocurrency assets that have the potential to be popular. Hope it helps you and the STEEMIT community.

Before going deep into it, if you are a recent member of STEEMIT or have been here for a while, I definitely recommend you to read the post written by @teamsteem : https://steemit.com/joy/@teamsteem/welcome-to-steem a few days ago.
With this post, if you are not yet sure about the potential for STEEM and you are not a straight believer that it will go to the sky, this post can be the persuading you need today to realize its large potential, and to understand the key aspects that make STEEM and STEEMIT unique in the crypto work. I definitely recommend to read what @teamsteem is saying.

Crypto Succeed.jpg

Going straight to the topic on this post about finding crypto assets before they become popular, a lot of persons are asking themselves, where can we get this quality information from? Or how to find our crypto assets before they become known and there prices go 5x, 10x, 20x, and so on. After researching, I came to the believe that "research" makes a large difference when taking decisions on investing in new cryptos.

Here is a great post I found from @dogeking : https://steemit.com/valueinvesting/@dogeking/value-investing-how-to-really-invest-in-cryptos . He gives his ideas on what to do before investing. I invote you to check it out.

Even cryptocurrencies started more or less on 2009, since January 2017 there started to be a lot of opportunities to create large earnings. When you decide to invest, research is the most important factor that our conclusions on a certain technology or token are correct.

Large Earning.jpg

For instance, a good research would have let us know:

1- About the alliance called the Ethereum Alliance when ETH was less than $10 USD per unit.

Take a look at what @sirwinchester mentioned about it. He believes as many of us, that it's a great initiative which definitely shows how the interest in cryptocurrencies and Blockchain technology has grown!: https://steemit.com/cryptocurrency/@sirwinchester/enterprise-ethereum-alliance-world-s-largest-open-source-blockchain-initiative-feat-microsoft-mastercard-samsung-and-more

2- We could learn that NEO when it was called antshares was related to Alibaba. This was when NEO was worth a quarter of a dollar.

Here is a great post from @sheeshkababage , which is very complete about NEO that also mentions its relation with Alibaba: https://steemit.com/neo/@sheeshkababage/neo-the-next-big-one

3- That XRP Ripple was already working with important banks on the Asia, when its value was not even 1 cent.

For @ylgv XRP is the future of baning: https://steemit.com/ripple/@ylgv/ripple-xrp-the-future-of-banking . I encourage you to check it out.

The important thing here is research and to be patient. Research is what will really add value to your investment project. Holding is important when we make a decision. This are the keys to success: research to add value, and have patience.

Research.jpg

I recommend you to take a look what @bigsilver has to say about Value: https://steemit.com/life/@bigsilver/adding-value-to-people . You will definitely enjoy and learn reading his posts.

Only taking into account this last 6 months, if we have bought any of those cryptos, we would have made good profits today.
This events are just a little few, we have to know there is no way of having a strategy to get rich quick, or timing the market. On this journey we will have cryptocurrencies that are still not done anything yet, still stuck on the ground. But if our research was good enough, they will be doing their jump sometime in the future.

Lets make a differentiation here, between short term and long term research. The key to success is researching for the long term.

It's just as @jerrybanfield mentioned in one of his latest posts about how fast his videos get more views. In that we have to make a strategy for the long term. That the things we do when we do them with quality, they will take time to mature, and he says we don't have to expect much the first 24 hours, or days. The most views may happen a year or 2 years later. He shows lots of sample in his post. I invite you to take a look at it: https://steemit.com/steemsecrets/@jerrybanfield/most-steem-post-views-come-after-payout-11

When we are on red days for crypto, many people specially new adopters tend to think this is going down and when we are not well informed, we tend to sell when listening to Jamie Damon's talk that Bitcoin will fail.

As @jrcornel mentions in his recent post: "Instead, Jamie's harsh rhetoric is coming from what he wants to happen. What he needs to happen."
I totally agree with this in the fact he wanted Bitcoin to go down, so some days later they would buy it almost half price. And they did.

Ok, let's continue with Research. There exist several undervalued blockchain technologies (with their cryptos), that have a good amount of smart people working on it (good base), that also have very good relationships and partnerships already established.
As in the DOT COM Bubble it may happen that in the long run 90% or more of the crypto assets fail. The only way to have a more percentage of eing right in decisions is with the correct research and to keep the research while you have invested. This will help us understand better what we are going for.

To sumarize, its key to look for cryptos with:

A- Good Team/Foundation

See what @cryptographic does when choosing a crypto to invest: https://steemit.com/introducemyself/@cryptographic/hello-i-m-cryptographic-with-crypto-trading-commentaries . I definitely recomment you to follow him.

B- Showing good response from their actions, progress
C- Good partnerships
D- If already operating or connected with a firm that has experience on the same or similar area

Some people new to crypto just fail in the process because of market prices of certain cryptos. There are cryptos that suffer lots of pumps and dumps, and that is difficult to time, and can make many people loose their investment and think all crypto is like this. Just because the price of an specific assets goes up in a certain point of time does not mean it will be succesful.
For instance the case of Monaco crypto. I saw it go from $8 to $25, and then back to $10 in less than 3 or 4 days. I don't pretend to say or know Monaco will succeed or fail. It is being influenced by media and by groups of people, as well as some marketing.

Here is a good post from @beachbuminvestor about pump and dumps, how to avoid being in that trap: https://steemit.com/cryptocurrency/@beachbuminvestor/what-is-a-pump-and-dump-how-to-avoid-fomo-costing-you-money

SOME IMPORTANT THINGS TO TAKE INTO ACCOUNT

  • When we get impatient, you start to doubt and probably sell short or take a loss. This happened to me personally recently about a week ago when I had some NEO, sold it at $20 when read that with the problems in China who knows what will happen, so I lost the opportunity of having NEO today at almost $40. Just a few days afterwards.

Instead of selling on this times, we should follow the ideas of people like:

@kingscrown : that sees the dips as an opportunity: https://steemit.com/bitcoin/@kingscrown/discounted-coins-again-here-is-what-to-look-at-imo

@g-dubs referring to NEO that was in a dip, a good time to buy: https://steemit.com/bitcoin/@g-dubs/neo-is-the-run-over-find-out-here I should up read this before selling it last week.

  • If we invest into crypto without research is like throwing it away. We need to be lucky to get profit.

  • If we spend more than what we can afford we will tend to be anxious, and this will not help in any way to think in cold and make the best decisions.

  • When we tend to buy or sell the same cryptocurrency (after our research), more than 3 times in a year, we may be likely doing something wrong. This is a mid/long term thinking, not just a few days or months. Needs to be at least a few years in my believe.

  • When we are not sure what to buy is because we need to make more research.

"Researching is the Key to success"

SOME THINGS TO LOOK WHEN INVESTING INTO A NEW CRYPTOCURRENCY

  • Detect an asset with potential
  • Looking at one that its not popular yet (having a low market cap). Sometimes the reason is that little marketing has been made.
  • Analize the crypto: its team (foundation), partnerships, current products if any, clients or potential clients.
  • Look into its financies, how is it doing, is it reinvesting in itself
  • And other important aspects you see from them.

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Here is another post I recently made about the Value of Tokens on Blockchain technology: https://steemit.com/steem/@gold84/the-value-of-tokens-how-they-power-different-blockchain-techonology-platforms

--
Here are more STEEMIT PERSONS that are devoted to help the STEEMIT Community to grow.

They have helped me understand blockchain, STEEMIT and the crypto world much better than my previous thoughts. Also learn how goverrnments, banks, media always try to manupilate the normal curse of things.

@d-pend, @tytran, @bigsilver, @ackza, @scandinavianlife, @hilarski, @wakeupnd, @jang, @avrdan, @eirik, and @g-dubs

To read more about what each of them are doing, you may check: https://steemit.com/steemit/@gold84/10-great-persons-adding-value-to-steemit

--
If you found this post valuable for you, and helpful for the STEEMIT community, I would appreciate you could Upvote and Resteem.

Regards,
@gold84

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