Post
Topic
Board Speculation (Altcoins)
Re: What are the criteria for choosing altcoin
by
bitgov
on 18/04/2022, 22:07:03 UTC
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?

If basic research, i.e. fundamental analysis (dev team, roadmap, whitepaper, tokenomics, advisors, etc.) is promising, the moment of entering the market is important to me. I noticed that it is often profitable to invest in a project that, even when it enters the market during the bear market, but you invest in it at the time of entry, i.e. at the lowest possible price, the price cannot drop any more and you just wait for the trend on the market to change . When this happens, the price of the project from the lowest price simply starts to rise. So at the time of bear market, apart from the analysis, the most important thing for me is to invest as early as possible, and preferably on the day the project enters the market.