Some new entrants in cryptocurrency trading do trade blindly on coins without doing their research on coins before investing, majority invest base on FUD or a pump group which are not realiable.
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
This especially applies to beginners. At first they have a lot of enthusiasm and they are ready to invest in any coin, which they will be advised, but then they begin to realize their mistakes. Probably everything comes with experience
They are very enthusiasm to earn Money instantly without any knowledge about crypto. Remember this has become the main problem in the crypto because it can be the factor why so many people are getting scammed caused by that. It looks true if you are seeing crypto right now. These guys are so blindly to earn Money and then at the end of the story they have invested in the scam ico and lost their Money.
That's a good statement or Advised for all possible investors in this Market, Yes, one should need a lot of home work, information gathering, market research, market structure, the fundamentals, market strategy, Consumer's confidence or behavior towards such coin in the market, Invest only what you can afford to loss if the market gone crazy, Have a good timing for an investment and above all you have the patient to monitor and ready to act if you need to decide on your possible sell off to protect your profits.