Hello
Recently I started looking into new projects as I have some free time and I'm wondering what do you guys look at when you are deciding which altcoin to buy and hold.
Do you know any projects that you believe has a bright future?
I hear a lot of people complaining that they bought coins that were either dead in a few weeks or the project was pointless. I would like to avoid such situations.
Thank you in advance.
If you search the internet for guides and tips on buying the best altcoins, you will be flooded with plenty of search results. I have read quite a lot and they would offer good ideas to follow. But in my case, when choosing the cryptocurrency to invest, I always see to it the project is managed by trusted people with a proven background in crypto. Also, I would check if they have good community support that would carry through the project long term.
the safest in my opinion right now is to choose a coin in the top ranking, so it has a relatively small risk, compared to us choosing a new project in a situation like this. although it is easy to pump, but it will also easily occur dump, causing a great risk. therefore choosing a coin that has been tested I think is more effective