Post
Topic
Board Speculation (Altcoins)
Re: How to minimize the risk and choose the best altcoins?
by
jazzbom
on 22/04/2018, 18:18:26 UTC
So far altcoins have brought me the best returns, but as the time goes by, more and more scam projects appear and it becomes more difficult to distinguish good projects from bad ones. What is your strategy, how do you filter these few satoshi coins?
I have found several articles, for example, https://steemit.com/altcoin/@utuku/checklist-before-buying-cheap-altcoins but sometimes I still feel uncertain and would like to hear more suggestions and opinions on this.

1. Do an extensive research on google before buying any new coins. Read it's technical white paper.
2. Make sure the project is properly funded.
3. Check if they are listed on exchanges and coinmarketcap.
4. Don't buy a coin/token that's too early in the development stage.
5. And finally just be wise and diversify. I use Hexorr.com to manage and grow my investment portfolio.

Hope that helps.