IVE CHANGED MY TRADING STRATEGY
Here are key things I now look for..
No Venture Capital (VC) Involvement:
This approach aims to avoid the potential influence of large investors who might prioritize their interests over the community's or the project's long-term health.
Multiple 50%+ Corrections:
Understand that the crypto market is volatile, with price drops of over 50% being common. Instead of viewing these corrections as failures, consider them as a requirement for long term coin health. This
Highly Spread Distribution:
A broadly distributed coin among holders reduces the risk of manipulation by large holders and encourages a more democratic governance structure. This distribution also implies that the project's success is tied to the collective faith and activity of many, rather than the decisions of a few.
Diamond Hand Community:
Focus on projects with a community known for holding their assets long-term, often referred to as having "diamond hands." These communities believe in the project's long-term vision over quick profits, which can lead to more stable price action and a supportive environment for development and growth.
Devs Working Overtime:
A dedicated team is often a sign of a project with ongoing support and a roadmap for improvement, which can be crucial for the long-term success and utility of the cryptocurrency.
Community Highly Active:
Engagement is key. The cryptocurrency projects with the most potential often have vibrant, active communities. High community involvement can drive adoption, development, and the overall health of the ecosystem.
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