My crytocurrency values
Cryptocurrency predictions are a dime a dozen, but here's what I look for in a cryptocurrency i want to invest in:
Scarcity: If a cryptocurrency has no scarcity I'm afraid that one day the market will become flooded with it. I therefore look for cryptos that have a cap on the amount produced and the amount on the open market.
A value proposition that you can't find everywhere: In order for me to believe a cryto has a chance to make it, it has to offer something new or better. If it's not something already offered by another coin or it's not something done better than any other coin has done it to date than to me it's destined for failure.
A great set of talented folks behind it: Anybody can come up with a great idea, but to be able to implement that idea takes talent. If the coin doesn't have a talented set of people working on it than I believe it's chances of surviving in the long run our slim.
Exposure to the masses: Even the best of fruit will die on the vine if nobody is aware it is there. In order for a crypto to be valued it needs exposure to the crowd.
A great track record: All the coins come lately have not proven themselves and are risky until they have had market exposure for a while. I'm willing to bet on a great idea, with a great group of folks backing it, but I'm not convinced it will be worthy until it's been subject to the school of hard knocks for a length of time.
A working product: There are sooooo many coins that have nothing to show but fancy words, until till I see a good working prototype, I am not convinced they will stand the test of time.
My current big bets are Bitcoin, are Ethereum, I'm starting to put small bets on Steem, Civic, EOS, Golem, and a few others. What are your thoughts and why? What makes a great coin great? Thanks in advance for sharing.
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