What do you look out for first when choosing alts. Utility or hype?

[muncuss]

If we're going to talk about short-mid term hyped memecoin trades, then sure. Because why would you even care about the utility, team, and tokenomics if we're just talking about memecoins lol. But OP was asking about "picking altcoins to hold for the long term"; so I'm not sure why you would hold nonsense memecoins for long periods of time.

right. i didn't notice that part

[bitLeap]

So, what factors do you consider most important? Let’s discuss!

Obviously you would want to consider both since we want to make profit but at the same time we need to ensure that it will be maintained and not much of a risky choice

but at the end of the day profit is still what we are aiming for so it makes sense if you just look for hype for now

Maybe I rely more on hype, simple research such as who the investors are, how big the community is, then after that just take short-term profits. Existing and new altcoins only show fleeting sensations, unlike ETH, BNB and Solana, of which these three are exceptions for me to use as long-term options, because they have been proven over time to have large levels of profit due to encouragement from community adopters.

[South Park]

I will never choose based on hype. Whenever , I have done that in past, I have had to incur huge losses. This is because I play with large capital also.

Now I only invest for long term and thus the investment is based on general perception about the altcoin for long term. If there is series of good announcements coming for a certain coin, then I might give it a chance. But just based on one event or news, I rarely invest in any altcoin.

Which is as it should be, but the majority of the people out there do not care about investing for the long term and they see little reason to choose utility, as what they want is to obtain fast profits and hype is way more important to them, however even by selecting altcoins in this way, there is no way they can be sure they have taken the right choice, as a great deal of the support an altcoin may have could be simulated by bots and bought followers, and this could lead those people to invest in the wrong coin.