Quote from: Dingdong7 on May 29, 2018, 02:03:27 AM

Quote from: mhsingh on March 11, 2018, 09:00:51 AM

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

I agree on this, but the most important consideration should be the working behind the project. Make sure to check out the credentials of team, the previous work they have done and background of the team. If the team is actively working on the project, it surely has a good potential for growth abd development. The success of the project is all dependent to the team, even the project is so good it is useless when team is not well working.

I completely agree. It is also important to perform a background check of the team. It is important for the reason that it could help you check their performance through time whether it is good or bad. If it turns out to be bad, at least you have become aware of the things (or some things) that you do not like.