Hello, fellow Steem-O's. How are you today?
I have recently begun to build a very small crypto portfolio, and am looking for advice and wisdom from experienced investors regarding the best way to play the long game.
For someone like me, who feels he is coming somewhat late into the game, and who has basically sucked at money and finance up to this point, cryptocurrency provides me with a chance to finally excel where most of my peers remain unaware of the opportunities to be had. The one "in" I have on them is that I basically do understand crypto and it's potential to change the world, impact markets, and provide an alternative option to the violence-based fiat systems put in place by centralized banks and centralized coercive nation states.
Basically, I am hoping this comments section can be a good place for discussion in regard to this topic.
So, I have a few questions.
Specifically, what do you look for when investing in an altcoin? Some things which stand out to me as very important include:
- Network strength and security
- Community
- Transaction speed and fees
- Affordability
- Decentralization
- Privacy
- User "Friendliness"/Accessibility
- Economic protocols (inflation protocols, coin limits, mining practices)
- Market Cap
Finally, what are some "long shot" coins that you view to be potentially promising and worthwhile investments?
As a trader, and a libertarian/anarcho-capitalist, I do not expect to receive value for nothing.
Whatever wisdom is provided, I will do my best to repay useful advice with my votes.
Cheers, and thanks in advance.
~KafkA
Graham Smith is a Voluntaryist activist residing in Niigata, Japan.