Choosing an alt coin

I am happy to see that bitcoin is once again above 60000 US $. It means that hodling has proved to be a good strategy.

Now I’m looking for something that could give me a 100X return. I know that it’s risky but I accept the possibility of loss.

So how do I choose?

There are thousands of alt coins. I search for those with a Market Cap of at least 1 Billion and a token value of around 1 cent. I then look at the exchanges used and the daily turnover, selecting only those that are actively being traded on reputable exchanges.

Once I have a list of possibles, about 4 or 5, I then read about the uses of each one. At this point it becomes a bit subjective and I choose one that I like.

I then buy a bit and put it into a wallet.

Next I ignore it and wait and see.

I sometimes gain but have never had 100 X increase in value. I have also lost but I’m more likely to gain in the wake of an increase in the price of bitcoin.

That’s it!

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