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
I looked out almost all the following listed, some projects seems to have and contains all of these but fail at the end. The best way to avoid being scam is to do a thorough research on the project before investing in the so called ICO/IEO,
Every step is really important, in my mind mostly newbies must follow these steps. That is why newbies can fall easily into scams because they don't focus on these steps. That doesn't mean if a project, which has these contains means a good project or something else. On the other hand they can be also unsuccessful at the end as you above mentioned.