What is the best advice for anyone investing in cryptocurrency?

I see a lot of people asking, “What’s the best cryptocurrencies to buy?”, or “Is it too late to buy in this coin?”

Here’s the short answer: no one really knows, but you can make educated guesses.

In a bull market, everyone’s a genius. The market is purely speculative right now, and completely irrational. You have multi-billion dollar valuations on projects with no working product. On the other hand, you have projects that are solving complex technical issues valued outside the top 100.

It’s the wild wild west, and you must do your own research, and don’t invest more than you can afford to lose.

With that said, I invest based on the following beliefs on where I see the market going, and they may be an unpopular opinion compared to the get rich quick schemes being circulated:

The blockchain/crypto space right now is still in its infancy, therefore, I think the best investments you can make right now are in infrastructural and protocols projects, which will help foster the development ecosystem of the entire industry. More devs = more growth and more projects.
It’s too early to invest in consumer focused projects (some exceptions apply). For example, would Facebook really be viable as a business when the internet was first introduced? No, not at all. The timing would be way too early. The industry hasn’t matured, the adoption isn’t there, and the foundational technology hasn’t gotten there yet. Will you make money investing into consumer focused coins? Sure, but do you think these coins will be around after a market crash? Highly unlikely.
I don’t believe coins that say they focus on a specific niche or use case have any real value. (ie: Dentacoin - extreme example, but for sake of argument) - Ask yourself this, why have another token that essentially is just executing smart contracts, if you can simply use Ethereum? There are lots of scams out there like this which sound like it’s a viable idea, but it’s really worthless. Aside from scams, you also have very inexperienced entrepreneurs who have misguided beliefs, or opportunists who simply are creating a token to run an ICO to capitalize on crowdfunding and raising millions of dollars out of thin air and a whitepaper.
I think there are certain industries that have a lot of synergy with, and can benefit immediately from blockchain technology, namely - Finance & Logistics. Currently banking infrastructure is highly inefficient, and blockchain tech at its core provides digital trust, and eliminates counterparty-risk. The moment you can do that and you can increase liquidity and easily move money around the globe, the more money and time you can save. Same with logistics, there are real benefits that businesses can derive value from right now. Such as the traceability and guarantee of authenticity of goods in the supply chain, combating counterfeit goods, etc.
With those in mind, there are a only a few picks that I’ve narrowed down that I think are worthwhile, and have satisfied my criteria of:

Team - Is the team credible, and experienced enough to see the project through? Do they have any advisors or board members? Etc
Technology - What’s unique about their technology? Do they have a working product? Do they really need to use the blockchain or can they really just be using a database?
Token - What gives the token value? Are the economic structures of the network incentivizing an increase in value, therefore making it a good investment? What’s the distribution of tokens? How is it valued? What’s the circulation?
Timeline - What’s their roadmap like? Do they look like they have a good business strategy laid out? Are they prioritizing and executing on the right things?
Industry Adoption - Do they already have any partnerships or real world usage? What’s the benefit and value? Any case studies?
As always, do your own research, and best of luck!