Quote:
Originally Posted by IveGotUrOuts
How is it relevant that the price is already a lot up since ico? I mean shouldnt we compare the potential to other projects? Like it could be up since it is simply a good product right?
Here are a few questions you should ask yourself:
What's the distribution? What percentage of the coins are owned by the top 20 holders? How long have they owned the coins? Did they buy at ICO, or have accumulated recently? How much are their shares worth?
If I see recent accumulation in the top addresses, I could consider buying (if I really liked the coin; in the case of Stratis, I do not). If I see most of the top holders are from the ICO and see that some of them have been gradually moving their coins into the Polo/Trex hotwallets, then I am staying away regardless of how much I like the tech.
There's going to be so many opportunities to make money in the next couple of years. Don't need to pick the one that already made it big and is now looking for bagholders.