7 Questions Before Buying Crypto

How to make money next Bull Market?

Author

Dayo Adeosun
July 09, 2023

7 questions to answer before buying crypto:

  1. Does it have network effects in terms of users, infrastructure, and developers

  2. Does the token have a real community (not paid shillers) (developer community, vc community, banking community)

  3. Does the token have real users

  4. Is the protocol decentralized (are they here for decentralization)

  5. Will my token survive a regulatory attack (is it POW, is it centralized, did it do an ICO)

  6. Does the protocol actually make money (does it generate gas fees or revenue?)

  7. Is the token a new concept?

If it doesn’t check off on most of these answers you need to have a heart to heart and get rid of that token and begin again.

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