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
Well, I think that no check list is bullet proof, as there is always a margin for error and this margin is always larger than you think...
I always look at the team/use cases/ solid documentation /reasoning behind the project structure and strategy/business strategy - roadmap/ already acomplished goals.... but this is always prone to error.
Not to mention scams, but even concerning use-cases, a use case might seem great and then when you add certain details, or the power of the competition it will turn to s*it