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
All of that is important however another important aspect is innovation, even if all the points you bring were positive the coin will never perform well over the long term if it is just another coin trying to do the same as all the coins that came before it, it has to bring something new over the table and that something must make sense, if this is not the case then do not bother to invest in such coin as soon enough it will be replaced by yet another coin doing the same thing.