Hello fellow steemians !
Many people are trying to invest into few crypto currencies at the same time but sometimes this strategy can turn against you ! because "When you try to shoot out all the birds you will have none of them but if you hunt one there is a chance that you will face success"
So those are the points that i think are very important when investing on a crypto:
- The technology behind it ( Try to find why the coin is so valuable)
- Try to figure out if it will result with mass adoption on the long run (Ripple is already going to mass adoption)
- See if the market cap of the currency, because the higher it is now the lower are the chances that it will break donw in the future . Ripple, Bitcoin and Ethereum are good examples of this
- The team behind it
This is only my opinion so i would understant if you disagree with me on some points !
Thank you for your attention !