Several Ideas for Personal Coin Selection
I have bought many coins and have achieved dozens of times returns; I can share my experience with everyone.
Let me first mention the first method from a personal understanding perspective, relatively speaking for those with experience.
1. Check the history of the coin's founder. First, exclude domestic individuals, then exclude founders who are not wealthy, next exclude those who have committed wrongdoings in the past, and finally exclude those who have previously harmed investors.
2. Is this coin making unrealistic claims, like hanging a sheep's head while selling dog meat? If it clearly functions as a copycat but claims it will definitely surpass ETH and kick BTC, frequently stating it will be the next BTC or the next Ethereum. Watch out for concept-switching as well. If a bunch of concepts like anonymity and privacy payments appear, but there are no real-world applications behind them, exclude these coins that are merely flaunting high-sounding titles.
3. Coins that many people in the group enthusiastically discuss and those that provide daily returns. In the coin circle, you should always do the opposite of what small investors do.
4. Don't buy coins that have consistently dropped over the past three years without any rise, regardless of how low the price is. These are coins that have been in a fluctuating decline; the big players have long exited, and it’s just retail investors harming themselves, rendering the game meaningless.
The second method is a probabilistic approach, which I have also played with.
1. This coin has already been listed on BN or has been listed on BN, OK, and CD simultaneously. Being listed on at least three major platforms means it has passed the screening by these platforms and also paid listing fees, which is still a significant cost. So even if it's just a speculative coin, it’s a speculative coin with some strength. You can take a small position to gamble a bit.
2. The price of this coin is around 0.X, with a market cap between tens of millions and 500 million.
3. The founder is a foreigner.
4. It has not been significantly speculated on before, nor has it been heavily promoted.
5. Select a few coins that rank in market cap on Binance, and don’t buy too much; a few thousand or a few hundred is fine. During a bull market, it’s normal for this to turn into tens of thousands or hundreds of thousands.
The above methods are all intersections; they must meet conditions simultaneously. If any one is not met, exclude it.
I have used this method to filter and have successfully bought several coins. Every year, I manage to succeed with a few.