Getting Started with Crypto in 2021 — #3
Six Things I Look for in a Blockchain Investment
Take your first step in crypto investing and do it with confidence.
At the very foundation of all crypto projects — and therefor all crypto investing — is the blockchain. There are many different blockchains out there, and this story is all about figuring out which ones will make good investments and which ones are worth avoiding. If you stick with me for tomorrow’s story, you can read about how I apply these criteria to the biggest blockchains out there today and which ones you should invest in.
The asset class we’re talking about today is the native coins for these blockchains, or what I like to call “crypto infrastructure/fuel investments.” These should be your first crypto investment: they are the coins you will typically need to pay transaction fees on the blockchain, will generally be tied to the usage of said blockchain, and are less risky than individual crypto project tokens. In other words, as more people use the particular blockchain you’ve invested in, your coins increase in value.
