Post
Topic
Board Altcoin Discussion
Consider these before investing in cryptocurrency
by
nussy
on 30/09/2018, 10:40:29 UTC
Don't just buy into cryptocurrency coins without making due process on the following factors:

Total Supply and Circulating supply of the coins
Price during ico if any.
Community strength during and after ico.
Any coin burn and how many will be burnt.
Antecedent of the developer
Is there an established company behind them?
 If not, at least does the team have expertise, experience, and trust from others?
Do they have a working product or revenue/profit stream?
Do you trust them? do they have a service or product that will endure for years to come..
And above all the use case of the coin. The use case triggers speculation and speculations fuels the price increase.
 

Of course, there are many more, but it’s common sense for the most part…
If the answer is no to any of those, it’s best to avoid investing.