Quote from: MiF on April 15, 2022, 04:29:44 AM

Quote from: Odusko on April 01, 2022, 10:35:17 PM

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Well there are so many factors to consider on choosing what altcoins to invest, and investors has a different way of choosing they have different basis its all up to them, but for me the best altcoin is the altcoin that is already accessible with an amazing use case maybe that altcoin can soar in a long run depending on the team behind the projects, experienced team together with the successful developer that has a successful past project is good.

Mine is simple, and it really doesn't take long to realize that it can work very well in the long term as well. I just invest into coins that have been around for over a year, that is the first step. Secondly I check how decentralized it is, sometimes I do invest into centralized projects too but check the power of the centralized organization, such as BNB but backed by Binance and I trust them. Then I check what the roadmap is like, if they keep on promising and if they delivered so far. If they keep promising but failing then it is bad.

Basically the things that you see and know and heard about. I do not have much, I have 7 coins/tokens that I invested heavily, and 3-4 that invested small time. Works pretty well.