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.
The first coin I can say that has the best or bright future is Bitcoin and no coin drags it with it, but since it's about altcoins then here is my picks; Ethereum, Binance, ADA, Stellar, Litecoin and Dash. I hardly look into new coins, when I do and buy, I don't hold for long because majority of them tends to disappoint. However, what i look at when deciding the altcoin to buy is the use case that follows it and if the team have the knowledge, experience and skills to see it come into action and not only that but also ensuring its constant improvements and upgrades.
I like your last sentence, when doing research on which coin to buy, i pay great attention on team. Is the team credible enough? Do they have experience? Are there good project backings? How well can we trust the team? Do they have genuine profiles? Questions like this guide me in my research. How i focus more on team is because, even if the project has hype maybe due to massive paid promotions by influencers or very promising whitepaper/roadmap, without a good team it's going no where.