Community, tokenomics, fully diluted value, use-case, uniqueness, transparency, developers.
These are just some of the factors that might affect my decisions on whether an altcoin is a coin to hold for the long term. It will be a different case if I buy an altcoin and hold it for the short term because, in the short term, I believe that hype is better than fundamentals or whatever factors it is. The way investors think is very different, and it depends on how long they will hold that altcoin. As for me, I'm buying an altcoin that has been in the market for quite some time, survived during the bear market, and has a huge community behind it. After all, I will just sell all of my altcoins at the peak of the bull run (if lucky).
Just always take note that the lower the market cap, the higher the risk, and vice-versa. Just think that not altcoins on the top are good long-term coins to hold as well. I guess what I also say is that, always be ready in whatever may happen because you might see your token plummeting by -80% or even more because the token you bought is a scam coin.
These are just some of the factors that might affect my decisions on whether an altcoin is a coin to hold for the long term. It will be a different case if I buy an altcoin and hold it for the short term because, in the short term, I believe that hype is better than fundamentals or whatever factors it is. The way investors think is very different, and it depends on how long they will hold that altcoin. As for me, I'm buying an altcoin that has been in the market for quite some time, survived during the bear market, and has a huge community behind it. After all, I will just sell all of my altcoins at the peak of the bull run (if lucky).
Just always take note that the lower the market cap, the higher the risk, and vice-versa. Just think that not altcoins on the top are good long-term coins to hold as well. I guess what I also say is that, always be ready in whatever may happen because you might see your token plummeting by -80% or even more because the token you bought is a scam coin.