Will they pay off in the long term for my Crypto Investments? Time will tell and my horizon is 1-5 years to HODL. My day trading skills are zero & breaking even would be a good day for me!
I am no financial advisor, just a hard working dad keeping my ear to the ground for future opportunity.
My Simple No-Nonsense ICO Research Tips:
#1) REAL PROBLEM – Are they trying to solve a real problem for the mass population (you/me), or just capitalizing on the popularity and hyping a coin?
#2) WHITE PAPER – Do they have one and can you really understand how they are going to bring value? If I do not at least comprehend the basics, I’m out.
#3) GITHUB – Are they active in pushing the project forward? Big ideas are fine, but without action, they stay on paper.
#4) TIMELINE – Staying within their own deadlines is important, my horizon is 1-5 years, not 10-never!
#5) SOCIAL – Do they have a real following of investors and keep in touch with regular updates on the project?
#6) TEAM – The greater the vision, the more specialized experts they will need. How qualified are the leaders?
Many are day trading virtual currency and have no idea what the projects are about, but still doing well. I know my strengths & weaknesses and short-term day trading crypto or any asset is not one of them.
MY FAVORITE DIGITAL MONEY RESOURCES:
Be careful and do your own research, not just take advice from other people including me! It’s hard for even me to believe, but mistakes I do make. This technology is new and growing, so are the number of people trying to scam others – “be careful”. Remember, if it sounds too good to be true – it probably is a scam.