- I have an initial capital of $5000, what coin should I invest in for the long term?
Though it was stated above that you shouldn't rely on other suggestions regarding financial advice but here's my opinion regarding your questions.
Since you're talking about investment in the long term, choose a project that has been proven, tested, decentralized, and very volatile that has fast-moving in the market. IMO, Bitcoin is the first choice and as others said, this potentially will have profit in a long term.
- How to avoid easy scam coins?
These are my opinions,
- Always DYOR
- Don't trust a hype project
- Always prefer on the decentralized concept
- Have a real use project