Hello Everyone, I'm very new to Altcoins, Cryptocurrencies In General. I'm Looking for someone's advice that has been around for a while to kind of give me some tips or pointers on how to spot legit coin's, what to look for before investing. Really just any guidance on a basic level would be greatly appreciated.
For any coin you see or find interest in, before you invest in it, join the community first, try to know the in and out of the project, the team, their goals and objectives and after then, try and do some balancing (evaluate) to see if the idea behind the project is something that will benefit the general public (Crypto ecosystem).
Also look out for projects that actually has a demand in the market. The business or app behind the token must be closely integrated with the currency such that one cannot work without the other. Last but not the least, if you think you can trust the system, go for it.
Another thing to know about investing in cryptocurrency is the risk involved. Do not invest money that you cannot afford to lose. Cryptocurrency or ICO, unlike stock, holds very less value until the token actually hits the market and gains some popularity.