Thank you for sharing.
I agree with your view. Well thought out logical steps to approach an investment.
On a less serious not, I am so critical sometime that if I follow all the steps I will never invest. ;-), that being said to everyone reading this. Be cautious, but risk needs to be taken as well for big gains. Doing your research would just help mitigate the risk % level, but there is always possibility of loosing your money.
Example if a war where to break out in Asian now, no idea how that would effect any the crypto currency being developed in that area. It could boost the investment or you could loose all of it.