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What factors do you need to consider when investing in a cryptocurrency? by cryptoandcoffee

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· @cryptoandcoffee ·
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What factors do you need to consider when investing in a cryptocurrency?
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json_metadata"{"app":"Musing","appTags":["cryptocurrency"],"appCategory":"cryptocurrency","appBody":"<p>&nbsp;</p>\n<p>There are a few factors that you need to consider when investing. There are so many different cryptocurrencies. Only a handful will actually make it when we have a look in a few years time.</p>\n<p>There are far too many coins that have no value what so ever and are a total gamble. They are ok for an investors who wants a quick return but to hold them for eternity would be very foolish. So many people are going to lose a fortune when they are proven to be nothing more than a scam.</p>\n<p>We have to look at the team behind each coin and what the white paper states. What industry they are supporting and does it make sense to you.</p>\n<p>One has to look for a coin that is genuine and has an everyday use somewhere. Steem we know already and that is why we are all mining on the block chain.</p>\n<p>Earlier in the year the Chinese government did a study on what coins had a purpose and ranked them from 1 to 100. Bitcoin was ranked at 17 which is not surprising how slow and costly it is d to do a transaction.</p>\n<p>I will list the top 10 and I am sure investors have taken note as the list is similar to what the Japanese released in April. All of the below should do well as an investment. It just takes time and patience. Lock them away safely and you will be amazed at the returns coming to these coins.</p>\n<p>EOS</p>\n<p>Etherium</p>\n<p>Neo</p>\n<p>Stellar</p>\n<p>Lisk</p>\n<p>Nebular</p>\n<p>Steem</p>\n<p>Bitshares&nbsp;</p>\n<p>Ripple</p>\n<p>Quantum</p>\n<p>These are the coins anyone should be concentrating on as they have an every day use. Obviously there are others but these stick out like a sore thumb. It is good to see Steem in the list and I am positive it has a bright future.</p>","appDepth":2,"appParentPermlink":"pke8t3975","appParentAuthor":"oscar55","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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