Post
Topic
Board Altcoin Discussion
Re: What did you look out for before investing in an altcoin?
by
South Park
on 26/08/2021, 17:37:18 UTC
What do you usually look out for before picking tokens/NFT project 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/NFT project?
My decision making process when it comes to NFTs is really simple.

Is the coin and NFT? If the answer is yes then do not invest.

See? An incredibly simple system that is going to protect you from all the scams and useless NFTs that we have in the market, will this system also prevent you to make the millions that everyone wants to make? Well that is correct but the chances of that actually happening were never high to begin with so you are not really losing anything.