Many people who make content for the public crypto space try to be your friend… saying cryptocurrency will one day come back and all altcoins will flourish.

I’m not here to be your friend. I am here to knock some sense into you… and save your portfolio.

Everyone who actively trades crypto has married a bag at one point. You find a coin- low market cap, lots of buzz on social media, crisp website (adding lines connected to dots to a webpage doesn’t make your project better btw)- and you instantly become a fanboy. You know the nicknames of all the project managers, set the neon, futuristic logo as your iPhone background, and shut your prefrontal cortex down and act like you just bought into Amazon at IPO price.

Stop it.

You are thinking like a drunk guy at a bar after a breakup, six shots down- and that hefty 3 is starting to look like a young Halle Berry.

My friend Peter Lynch said it best: “know what you own and why you own it.”

If you don’t follow some logical steps to investing, you are likely currently holding bunk coins- which will be soon sipping mimosas with Carlos Matos in the graveyard of forgotten shitcoins.

There are a few intelligent approaches to make sure your coins are actually good HODL’s.

IS MY COIN A PILE OF GARBAGE:

TEST 1: DEV ACTIVITY & TRANSPARENCY:

This is an absolute no-brainer, yet some investors can’t seem to understand this. In order to buy any coin, you must do research on the developing team, as well as their social media accounts.

Things that are positive include:

Twitter & other social media accounts which have a large follower base, as well as post consistent updates.

Developers who have transparency, as well as prior experience in related fields.

Developers who engage with investors and fanboys on social media, discord, and telegram.

Things that are negative are:

Twitter accounts with low follower count, bot activity, broken english, and less frequent posts.

Developers who don’t interact with the public.

Developers who have social media avatars of them drawn as a cartoon wolf.

Content creators who would make a Nigerian Prince blush with their deceit.

Seriously- you are investing in the team when you invest in a coin. Make sure the people are professional, open, skilled, and genuine.

TEST 2: CHECKPOINT ADHERENCE:

Every cryptocurrency that isn’t a joke has some kind of roadmap on their website. Keep this in your mind while investing. Go back to previous checkpoints and make sure what was promised was delivered- and make sure future promises are hit when their time comes.

TEST 3: VOLUME & EXCHANGES

If a cryptocurrency that used to have volume no longer has volume, ditch it. I understand it is a bear market, and everything has bled volume- but if you are holding something that is getting ping-ponged between trading bots and suckers at a low volume, run.

Things to watch here:

Is my coin on multiple, healthy exchanges? If your coin is only on Cryptopia, GET OUT. Same goes for other small volume exchanges. If your coin is on Binance, this is an automatic plus- but still be logical!

Is my coin getting good volume? Make sure volume has correlated with the bear market healthily. If your coin used to get $10 million+ daily, and now barely gets $50,000, drop it.

TEST 4: FACE VALUE & USE CASE

This is the final test, and is quite easy. Some things to look at are:

Is the website overdone, yet the coin is underdone?

Is the coin getting shilled too much? There is a difference between hype and love, and paid shilling.

Does the coin actually have a use case? Be real. The value of the coin correlates with the user base. Does the coin have potential to actually be used by a large population- or are you investing in flashiness?

I have a simple test to do if you actually want a low risk approach. If you wouldn’t even invest $100 of a close friend or relative’s money into a cryptocurrency project, you shouldn’t either. Get your head out of Lamboland and into the real world, or you will soon be in 1998UsedToyotaCamryLand.

I hope this article can knock some sense into those out there who have been burned by crypto on this massive bear run, or are just getting into the market and have no clue where to start.

My advice to crypto comes from what my father told me about women- have fun, but be safe out there (lets stop here and keep it PG).

Please visit my BlockDelta profile for my full contact details.