Quote from: BigBoy89 on Today at 02:08:03 AM

Quote from: 91254vvpatel on January 23, 2021, 04:58:03 AM

Currently, if you want to buy any altcoin, it is very difficult. You can't choose an option quite easily. Also, the crypto market is currently volatile. In such circumstances if one wants to buy altcoin. So what should be the main focus?

I'm usually going after MVP (Minimum Viable Product) or partnership with at least one very well known player in the industry. Then I'm moving to tokenomics (is it adequate) and then to the team. The team should have at least working LinkedIn profiles (to more about them) and best-known in the community.

It's a risk versus reward game. If you don't have the time to do the diligence, stay with the Bitcoin.

Thank you for the insights. I usually focus on the team's backgorund as well as their development on the products they develop. If they don't have a team that is relevant to the industry, I probably won't invest in those altcoins/projects. because the possibility of failure will be high, besides that the activity of the team in building products must also be researched, are they serious or just want to make easy bucks