There is no doubt that Cryptocurrencies (& Bitcoin) are the new vehicles of future additional add-on currency value in the and accordingly this is or should be the next platform of investments, which will create the new future successes. But with any new technology or vehicle of investment, it takes its own sweet time to be accepted after it goes through its ups & downs and possible eliminations by existing entities. Then what time-frame are we looking at before it starts getting accepted both by establishments & society.
In the endless opportunities there will also be a lot of manipulative & wrong elements who would want to take the new vulnerable people for a ride for their money. Happened a lot in the so called ICO craze. Hence being very careful is an understatement.
So when we are looking for the next big coin that can be 100x, we usually look at the small cap gems that have yet not been discovered and will rise to become the next top crypto. BUT what are the factors we consider before putting our hard earned money into it (any money is hard earned, even if won by speculation taking into account the risk & pressure the person takes).
Is it the Whit paper - which can be designed by a professional with a stolen value statement
Is it the Staff / Advisors - Big names to impress only
OR as per Stocks, is it the Management. I usually try to deep dive into the management but in a new category of investment, finding reliable info is not easy.
So what do you do & how much do you account for Logic & Luck for the extraordinary gains friends...
Can I get few inputs...