How do one Know which Cryptocurrency to Purchase - page 2.

mahilchii

member

Activity: 560

Merit: 13

Quote from: bit-freedom on November 02, 2018, 01:48:19 PM

I do lots of research before finding the coin for investment. White paper is the first thing you should read to understand about the project and determine whether the business model is feasible.

Ofcourse researching about the project multiple times I'll give you a best solution also check the popularity through media like which is trending, for sure you will get a clue. Kindly plan for long-term investment if you expecting a huge profit.

bit-freedom

sr. member

Activity: 658

Merit: 256

I do lots of research before finding the coin for investment. White paper is the first thing you should read to understand about the project and determine whether the business model is feasible.

LubovOF

jr. member

Activity: 197

Merit: 1

I always invest only in the top coins, in my opinion it is more secure and reliable, even if they fall in price, then they will rise.

aencarnaci

sr. member

Activity: 448

Merit: 281

I usually follow the team and try to see if there is any improvements and news coming up. When a coin is going up in price it is usually because they have done something new and not all of a sudden (except the pump and dumps). Hence, if I want to make a profit from buying a new coin I need to be around the team and really need to know if the coin is trying to do something new.

For example spectre is working towards building a v3 for themselves, trying to improve into proof-of-stealth which will be new in crypto world and they are working on a mobile app, considering all of these at the same periods, if you purchase it right now and sell after all of these are done the price should be high, sometimes stuff like these doesn't change the price that much but I honestly have seen too many coins increase in price with each step and collectively they increase the price a lot.

Ociwiw

jr. member

Activity: 378

Merit: 1

Just the opposite. Cryptocurrency will always grow with a high level of capitalization until all bitcoins are extracted!

louie69

member

Activity: 322

Merit: 12

In my opinion, you need to have sufficient knowledge about the cryptocurrency market which I believe is very important. Knowledge is the key to become successful with your goal in the crypto community. Once you feel you had acquired the knowledge, then you may start to engage yourself into crypto investment. I would suggest that you should consider first on the alts that belongs to the top 50 altcoins at CMC and study the market trend on the specific altcoin target. Invest an amount that you feel you can afford to lose and observe the outcome.

zabir.brutov

jr. member

Activity: 280

Merit: 2

You need to check the project very carefully. You must read the whitepaper, because it is the most important document of a company. I am also usually checking the rating websites and if an ICO has great ratings everywhere, than I invest in such projects and get my profit.

Lighthouze

jr. member

Activity: 196

Merit: 2

I think you should look at the top 100 coins on coinmarketcap, study them, their price movements and what they stand for. Remember to buy the rumor and sell the news. That way you stay profitable. Never FOMO into coin, especially those you have no info about and what's responsible for the price surge. Chances are that you're very late and it's dumping again.

lee cooper

jr. member

Activity: 238

Merit: 2

Studying crypto and the type is more important before making an investment. Each kin has different properties and functions, but it will seem tempting for large coins and have potential. Indeed, to be able to invest in large coins requires large capital, but can invest from a small one but having a future is also better. Learn and find coins that can bring you luck.

mapsi

jr. member

Activity: 141

Merit: 1

The World’s First Blockchain Core

Quote from: Emerate on October 04, 2018, 02:47:01 PM

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

In my opinion bro if you dont have too much experience about crypto space you can start investing ethereum firstly because eth price is very low for now. if you want earning free tokens from icos you need to join bitcointalk signatures and you can follow all the new icos via telegram and too many icos are doing some airdrop to their members. finally surely you can not be sure about anything if you dont have any experinced in my opinion you should try to learn more about crypto currencies because in cmc we have 2k coin.

chocopapaya

full member

Activity: 686

Merit: 131

Basically, you have to do a lot of research.
Try to avoid just following what youtubers and crypto tweeters say.
Typically they are paid to promote coins and their opinions are biased.

What you want to look for, are companies that have a real working product that solves a real world issue, devs that openly communicate, and a track record of success.
There are other factors, like market cap, circulating coins, etc., but if they have those three things, you can say it is a good company that will probably be successful.

From there, you need compare that company to its competitors and figure out which one has the most longterm value.
Remember, things like market penetration and name brand awareness often make a company last longer rather than just superior tech.

Of course, you could just invest in the core two cryptos: eth and btc.
These are almost always guaranteed to bring you profit in the long run and are very easy to buy and sell.

cryptojac17

full member

Activity: 490

Merit: 107

Quote from: Parodium on October 17, 2018, 02:53:23 PM

It's simple, don't purchase cryptocurrency as an investment, purchase it for its utility. If you don't see any cryptocurrencies that appeal to you for their primary function, then don't buy any! Cryptocurrencies are not supposed to be investment options, they are supposed to be currency.

A currency commonly useful for other optional matters like for a certain product which you will be using it, like for gambling or like coins used for your trading fees. All applicable ideas associated with coins, always matters with a certain cryptocurrency. In order to determine it's importance you can join their social media updates, because their road map will always initiate a good community using social media advertisements on whatever activities they had as part of their currency growth.

aalavandan

member

Activity: 252

Merit: 10

You should make a good investigation of a lot of coins and find the best one for you. It is even better to find 10 or 15 projects, that you would participate in. It will help you to diversificate your funds and to stay more safe.

mitsarasss

sr. member

Activity: 574

Merit: 250

How correctly I am guided by technical analysis and the news background around the coin, the latter tool should be treated with great caution, as now there are a lot of fake news creating situations for panic sales.

Crypdon

member

Activity: 616

Merit: 11

If you want something that is stable and going up at a moderate pace then look at coins in the top 30 of coinmarketcap. However, for some mad gains look lower down and pick a good project with a great team and lots of development planned

Parodium

sr. member

Activity: 1036

Merit: 332

DMs have been disabled. I am busy.

It's simple, don't purchase cryptocurrency as an investment, purchase it for its utility. If you don't see any cryptocurrencies that appeal to you for their primary function, then don't buy any! Cryptocurrencies are not supposed to be investment options, they are supposed to be currency.

Docbee

full member

Activity: 822

Merit: 100

Quote from: Emerate on October 04, 2018, 02:47:01 PM

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

As a newbie how doesn't want to experience loss buy bitcoin at dip, bitcoin is only digital currency a newbie coiod start without being burnt but be certain you buy the dip.

bolshojkush

sr. member

Activity: 784

Merit: 256

Binance #Smart World Global Token

Quote from: askmecrypto on October 16, 2018, 03:12:15 PM

Quote from: Emerate on October 04, 2018, 02:47:01 PM

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

Rather then considering the best crypto currency or wasting time in this, its always better to consider the top 50 crypto currencies for investment always. Now, the important part is when you enter your position in the coin you plan to invest. Always look out for dips to buy, try buying at support levels and not at resistance.
Buy in Red, sell in green< This is the moto I keep using for my investments. Look out for coins with strong fundamentals and buy them when they are in real bad market price, hold them and with the bull market, you clearly get good profits on them.

I agree with this statement. But you should always remember that the chance to earn 50/50% So invest in each cryptocurrency no more than 10% of your funds.

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: Emerate on October 04, 2018, 02:47:01 PM

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

always make technical analysis mate so that you can choose a good coin to invest. Which is stay away in other recommendation and make your own research instead to assure the coin is good and worth it . I prefer you to pick some coin HERE but make sure to choose coin that listed on top section.

IgorShumilo

full member

Activity: 518

Merit: 105

I like the tactic when your crypto portfolio contains 50 percent of Bitcoin (long-term investment), 40-45 percent make up about 5-7 coins or tokens from the top 20-30 (long-term investment), and 5-10 percent are the means for which you can try to trade on the stock exchange and try to increase your money.

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