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Topic: How do one Know which Cryptocurrency to Purchase (Read 512 times)

legendary
Activity: 1302
Merit: 1037
December 19, 2018, 07:31:38 AM
#51
new investors can do bounty or airdrop to get coins. This would be better executed than having to lose investments owned on market conditions bad enough as it is. research is the main thing to do and this is what will determine whether new investors would be able to endure or instead will also suffer losses in processing their coins.
You mean instead of investing with some cryptocurrencies, new investors must go for doing bounties or airdrop to obtain some coins. That sounds as a good idea. But, I believe not all the people are set all the requirements for doing bounties. That is the reason, most people will prefer to purchase simply.

New investors are always lagging with knowledge for doing research and analysis. They simply come into this forum and keep asking about suggestions for buying cryptocurrencies. We cannot expect them to be fully knowledge about picking up right coin and filtering out the shitcoins. I believe there could be no simple process to find out on rich cryptocurrency on-which we must invest, it is a very big task and challenging one also. Hence, I believe simply referring them to bitcoin will be the right suggestion for them as bitcoin will have definite good future.
member
Activity: 252
Merit: 10
There are so much crypto assets at the moment and nobody would tell you what crypto you should buy to gain the best profit. Just invest your time in researching the top 20 altcoins and decide for yourself what altcoins to chose.
member
Activity: 700
Merit: 11
As a first timer, you will need to read a lot and get to understand how crypto works as well as obtain knowledge on its volatility before even thinking on what assets to purchase. First thing he/she needs to know is that buying coins or assets is not a guarantee for a good return on investment over time. Then can start reading about the different coin projects and their partnerships along with roadmaps before buying choice coins/assets
jr. member
Activity: 126
Merit: 1
THE ENERGY EFFICIENCY PROTOCOL
From my own experience it is recommended that invest your money with your own research and knowledge may it take some longer time because study is required at every movement of the investment when to sell and buy.
Blind investment is fraught with losses ,however,you may choose from top ten coins of the market.
member
Activity: 229
Merit: 10
The Exchange for EOS Community
in my opinion it is necessary to look at the top coins on coinmarketcap, but still it is necessary to study coins and projects carefully, now is a dangerous time and intense
member
Activity: 224
Merit: 12
Nobody would be able to tell you in what coins to invest in, because we all prefer different coins. Just spend some hours by investigating different coins and I hope you will find some great tokens for you and will be able to make great profits even on this market.
sr. member
Activity: 840
Merit: 251
new investors can do bounty or airdrop to get coins. This would be better executed than having to lose investments owned on market conditions bad enough as it is. research is the main thing to do and this is what will determine whether new investors would be able to endure or instead will also suffer losses in processing their coins.
member
Activity: 308
Merit: 10
If you want to do something, you have to learn about it.
When you come to this cryptocurrency market, what is your purpose? You want to make profit? If you want to make profit, you have to learn those informations on google or youtube,.. it is easy to  find it on internet.
full member
Activity: 453
Merit: 100
I never have ever listened to advice what to buy, I used my own thinking and usually used and read about cryptocurencyes with most fame, like: Bitcoin, Litecoin, Monero, Etherium.  Not to mention I closely looked at Coinmarketcap.com site and study it. Now I opened my eyes to even more crypto assets, I even use some on a daily basis.
member
Activity: 378
Merit: 10
For new investors, it seems that they have to think harder to find information about how to research the ICO project, because investing in ICO is something that is related to our funds so that we cannot arbitrarily choose coins to invest. At least ask people who already have good experience with ICO investments.

Studying is better than listening to experts' pieces of advice cause they're also humans who are usually mistaken and lose their money like others. Begin with $30-50 and learn from your own mistakes!
full member
Activity: 644
Merit: 101
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
There are a lot of cryptocurrencies out there and how does a new investor with little knowledge of how the crypto ecosystem work earn from crypto. His there any experience one needs to be exposed before deciding to invest? I am very much concern seeing that the fact that a currency is rising today does not guarantee it will be so forever. My question is simply how do a new investor go about earning in cryptocurrency without experiencing much lost on his investment? Especially with regards to the selecting the best currency to purchase

just follow the expert advices to trade the crypto. never try to buy the dip just because you think that it is the extreme dip and market won't drop any further.. always use the stop loss option on the exchange..just invest as told by the financial analysts also if you are plannig to invest in the fresh ico then go after the team of the project .. dig deep as much as you can
full member
Activity: 392
Merit: 100
For new investors, it seems that they have to think harder to find information about how to research the ICO project, because investing in ICO is something that is related to our funds so that we cannot arbitrarily choose coins to invest. At least ask people who already have good experience with ICO investments.
full member
Activity: 333
Merit: 100
It is necessary to choose projects in which there is a real product, such projects will remain afloat, but if you invest in a dummy, then you should not be surprised that you lost money.
But what about projects that have great plans and a good team but the product is not ready yet? ignore? I think that it is necessary to allocate some part for your money to invest in such projects.
copper member
Activity: 17
Merit: 0
Always do the research for yourself!
full member
Activity: 773
Merit: 100
It is necessary to choose projects in which there is a real product, such projects will remain afloat, but if you invest in a dummy, then you should not be surprised that you lost money.
legendary
Activity: 2730
Merit: 1288
How do one Know which Cryptocurrency to Purchase

You buy Bitcoin. If you have more money then you buy coin that has something that Bitcoin cant have. For this you need to understand Bitcoin well and also environment where we live.
full member
Activity: 420
Merit: 100
For me the best way to know which is the best coin to invest into is the kind of product that they are offering and that is why the coins right now are very hard for me to invest in since most of the good products are already taken by the big players, I would just rather invest in coins like bitcoin and ethereum because I know that they have the best products to offer
full member
Activity: 378
Merit: 100
analyze the volume of entry into the transaction. observe the main rule of the investor! if you are too lazy to learn something, you will learn it later from your experience )
member
Activity: 168
Merit: 10
There are a lot of signals that show real condition on the market and you should learn how to read them if you want to be a real trader
sr. member
Activity: 924
Merit: 255
First of all it is better to read different forums in order to learn more about the projects and coins, and there are lots of experienced people there, but of course before investing it is better to learn in deep the coin. personally I find the information here on the Bitcointalk forum and some others, of course first I learn a lot about the coin, learn its community and look how it is traded and where. Just be attentive and do not make rapid unthoughtful actions.
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