The amount of available liquidity to support the coin and for that, what bring in such liquidity is the feature that the coin pocess, and just as the first comment stated, such feature as privacy protection and low chain fees and others are what we can look out for in such a coin.
But sincerely, I don't choose altcoins for long term, because short-term speculations fits altcoins more and if I want to hold any asset for long terms it must be bitcoin and no other altcoins, if I hold altcoins is based on short-term projection.
Topic: What do you look out for first when choosing alts. Utility or hype? - page 3. (Read 417 times)
July 02, 2024, 03:21:19 PM
July 02, 2024, 02:38:39 PM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
Utility? what utility? There is no utility with alts other than providing privacy which XMR excels at. Every other coin is a copy of bitcoin. Some are faster, some have unlimited potential supply, some are less decentralized, some are completely centralized but they all have one thing in common; they are not unique at all.
If I had to choose 3 alts, they would be XMR, Doge and LTC. I am not really interested in the others because I don't see anything of value in them.
July 02, 2024, 02:35:15 PM
When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
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