In the past 3 weeks many Cryptocurrency investors have hold a large number of Altcoins such as TRX, XVG, XRP, ADA, etc. ranging from good to bad coins including DGB, DOGE.
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
The criteria to assess a coin:
1. General information about that coin
2. The purpose of generating the coin
3. The dev team (do more or say much)?
4. What is the current product? In what stage?
5. Are there existing customers? Potential customers?
6. Vision of future coin? Is it realistic or just expressed in words?
7. Scalability? Can it be accepted by the public? Is it possible to apply to everyday life?
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
The criteria to assess a coin:
1. General information about that coin
2. The purpose of generating the coin
3. The dev team (do more or say much)?
4. What is the current product? In what stage?
5. Are there existing customers? Potential customers?
6. Vision of future coin? Is it realistic or just expressed in words?
7. Scalability? Can it be accepted by the public? Is it possible to apply to everyday life?
