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
Is this for ico? Or in the market?
I if in the market you should go for good altcoins for you to buy you need buy and hold that altcoins if you sure that altcoins are good to hold and see also the feed back of the buyers of that altcoins so that you can know if that is good to buy or not. And I think it's better to hold it for a long term.
Ive been asking this out since there are different answers between in them if we do talk on projects that are already in the market or still into its ico phase.
Decisions will vary on situation but generally when we do talk about investing criterias then majority of this would fit out or should really be needed to be considered
before making any step.
Verify everything and if you do able to see red flags then thats the time you would skip out such project and find another one.Lots of projects that floats around
in the market.
It do just depend on how you do search up for the best ones.