My criteria for selecting money making cryptos

On the whole I think I’ve done relatively well since investing in cryptocurrencies, please see my other article entitled 400% up in three months. I am an entrepreneur with a degree in software engineering and I'm very familiar with the financial industry though I don’t work in it myself. A basic knowledge of how the banks and financial instruments work is helpful in terms of trying to understand a number of the cyptocurrencies who are looking to take on the banks.

That aside, I try to use as much common sense as I can when selecting cryptocurrencies in areas I need to do a bit more research on.

And without further ado, here is my selection criteria (I hope you find it useful):

• The company/team offering the crypto already has an up and running mature product (Kickico, Omisego etc)
• They have first mover advantage in the crypto space and a unique use case.
• The management team are experienced in cryptos or at least working with advisors who are experienced.
• You can easily understand what the crypto does and the management team can communicate that effectively.
• There are unique features of the crypto that can’t be easily mimicked by another future crypto.
• The crypto pays dividends, rewards, profits etc
• The management team aren’t taking an unrealistic portion of the coins/tokens.
• There isn’t 500 Trillion coins available.
• The pre-sale, ICO isn’t going on for 5 years.
• Compared to other cryptos, is there something that seems suspicious/fishy about the functionality of the crypto, the management team or anything else about the proposition.

Here are a few other things to bear in mind in addition to the above criteria:

• Not all crypto currencies are going to go up in value.
• You need to be mercenary with some of them. That is to say, shorter term trades if a situation changes about a cryptos competitive edge or unforeseen circumstances.
• Focusing on high quality cryptocurrencies will serve you much better in the long run than throwing spaghetti at the wall.
• A small amount of investment in an ICO can make huge profits, it's quality, not quantity.

Lastly, make sure you’re on the correct website. Communicate with the team before you send ethereum.

Good luck out there!