CryptoTigers🐅

N core and other segments is probably a good starting point for most newbies. You can make visualizations in excel with pie charts and keep tabs on your segment allocation.

10) Look for red flags and recognize that 90% of these coins have a net present value of zero.

Look at every new coin you evaluate with a sceptical eye, because now there is way too much hype for vaporware and coins that have no use case and are just yet more ERC20 (Ethereum-based) get rich quick scams by the founders. For a lot of these coins there is a lot of shilling that tries to pray on your emotions. Recognize red flags:

Massive portions of the float are assigned to the founders of the coin. Anonymous teams or members with a sketchy pasts are also a huge red flag.

Use case does not require or benefit from a blockchain
Empty Github repositories, or there being scant useless code

Vague whitepapers and websites filled with technobabble that sounds impressive to people who don't know tech.
No clear or well developed roadmap
A team that focuses almost entirely on shilling rather development.

11) Try to not check your portfolio more than once a day.
With apps like Delta and Blockfolio (btw Delta is a million times better) it can be really tempting to constantly pull your phone out and check the prices every hour. Don't do this, it will drive you insane. Check once a day and you will be much happier.
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I would also like to highlight the need to try and be sceptical, which is something sorely missing now. When you first start in crypto or researching a coin, it will often funnel you on this one way street to getting hyped up. For example when I first started looking at Bitcoin info back in 2012, and seeing all these articles and videos on it, it ended up being difficult for me to imagine a world where Bitcoin wouldn't become a dominant currency. All these people who promote it have an interest in building a rosy future, yet Bitcoin has turned out drastically different to how I imagined it would be once it gains mainstream attention. Bitcoin was able to balloon to its current price based on being the first crypto and I will always have an emotional attachment to it, however its also taught me to be much more sceptical of high S-curve adoption predictions. We are still a long way from having even Bitcoin being near mainstream adoption, let alone any other crypto with a fraction of its brand name recognition.

If someone is telling you "X coin will be [insert high price here] by Z time", don't believe them. They hold the coin and want you to increase its price by buying. If a coin is promising the moon and telling you that you would be a fool to not buy it now, and you're wondering who the greater fool will be to buy it from you, you're the greater fool.
There is plenty of good within the crypto space, and there really is no other market that behaves like it. Over 90% of the 1398 cryptocurrencies on Coin Market Cap have a zero value under any quantitative valuation model you can imagine and they will inevitably die out. However there are those coins with genuine business plans and use cases that will prosper and possible prosper spectacularly in ways we can't yet imagine. Invest accordingly and you will be rewarded.

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