What to look for when investing in Altcoins?


#1

My 3 main steps are:

  1. Skim read the whitepaper?

  2. Checking out if the coin has a real world use case?

  3. Who the team behind the project is?

  4. How close/possible is it for the team to create what they are promising?

  5. Marketcap / total supply?

If I am still interested in the coin after answering all these questions; 9/10 I will probably buy the coin to HODL.

A tool that saves me allot of time is:

This tool is a great way to get another opinion on a website in under 30 seconds!!!

Is there anything that you would add to this list?


#2

#3

This is a good article on the subject too: