Investing in Cryptocurrencies (Part 2)
(Reading time 5 minutes) In the previous post I explained you about the basics steps that you must take into consideration if you would like to invest in some of the coins. And the fact that over 30% of the people from the range of 18 – 34 years of age would like to invest in some of the coins on the market. Let’s continue with a few more steps that you must consider. Remember, do not be lazy to take this steps. At the end is your money, and if you don’t care about your money, you don’t need to make your analysis. Simply invest in whatever coin you feel like. 1. Development Team assessment Who are the founding team members and what are their experiences? The success of the coin depends heavily from the members of the team and their experiences. Who are their advisors? A project that is backed and advised by credible advisors would make that coin more credible. Are they active in responding through their official channels and forums? A...
