Topic: Do not blindly invest in a technical currency (Read 146 times)
Thanks for all of your advices. I'm just the begginer so I'm trying to learn as much as possible
I agree. Before buying any kind of cryptocurrency and especially selling it, first of all to read and find out as much information as possible about it. Also keep track of its news. Various updates and its creators.
USE COINMARKETCAP
Coinmarketcap is a website you can use to check on all the current crypto currencies. It lists them out by current market cap and has information such as; circulating supply, total market cap, 24h change, info on where to buy the currency and much more. If you are new to crypto and simply want to invest then look at the top 10 or top 20 coins, research the project and make your own decision. If you are trading then you may want to dig a little deeper into each project
Coinmarketcap is a website you can use to check on all the current crypto currencies. It lists them out by current market cap and has information such as; circulating supply, total market cap, 24h change, info on where to buy the currency and much more. If you are new to crypto and simply want to invest then look at the top 10 or top 20 coins, research the project and make your own decision. If you are trading then you may want to dig a little deeper into each project
Choose a point wisely and when it goes up, decide on a good profit target (30-100% is perfect for beginners investing) enough to revoke your investment. .
If you do not really understand the virtual currency or assets you hold, I suggest that when you reach the 100% profit margin, you should sell half of the holdings immediately; convert half back into prepaid or use it to invest in another asset that you think will grow. You will narrow down your portfolio quickly. Point of sale for capital recovery is not necessarily 100%; It may be lower or much higher but in the end you should have, because for the vast majority of virtual money, blindly keeping forever without checking the relevant news, prices and developments on them are very risky. insurance. Determine profit goals, and follow your guidelines.
If you do not really understand the virtual currency or assets you hold, I suggest that when you reach the 100% profit margin, you should sell half of the holdings immediately; convert half back into prepaid or use it to invest in another asset that you think will grow. You will narrow down your portfolio quickly. Point of sale for capital recovery is not necessarily 100%; It may be lower or much higher but in the end you should have, because for the vast majority of virtual money, blindly keeping forever without checking the relevant news, prices and developments on them are very risky. insurance. Determine profit goals, and follow your guidelines.
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