Okay guys, hope we are all staying safe?
I felt I should get the opinion of some veteran traders here about investing in altcoins. What do you usually look out for before picking tokens for mid-term or long-term investment?
1. team behind the project?
2. type of blockchain?
3. real-world use-cases?
4. partnerships?
5. period of existence?
6. Stability of the token?
7. Just name them, anything you look out for
1-4 are the most important points in choosing a project to invest in, and if that can be fulfilled, the project can usually be successful.
Partnership can't be a strong point to take a conclution about how reliable the platform. Have you seen a bunch of projects that partnered with various platform but they have ended as scam project too? that indicates if that's not a good point to be used