Crypto Checklist

Steemers,

I created a little checklist that I use when I research and buy Crypto, to see if it is worth investing and how quick I will make my capital back plus profits. 

• Limited Supply/Demand- If there is a big demand and a little circulating supply this will drive the value of the coin up. (Vice Versa if the supply is high and demand is low)
• Market Cap- is the market cap high? Is the Circulating Supply High? If so you probably will not see the coin go much higher anytime soon.
• Energy used to secure the blockchain- A big driver of the price that is somewhat overlooked. Bitcoin uses as much energy to mine a coin as some small countries use on there entire supply of energy. So the more energy used can impact a coins value negatively.
• The utility of the currency-how easy it is to use and store
• Innovation-Does the technology the company uses stand out? Are they reinventing the wheel.
• Security- How protected is the blockchain? Is there POW?
• Total supply

I hope this little checklist can help you when you are browsing through the thousands of coins on the markets. 

-Remember always do your research!