At to begin with it would be ideal if you do your claim investigate, accumulate data and arrange what you need to do. Conjointly remember that After you contribute in a venture, you'll certainly keep a near eye on the extend. That’s who you'll be able to assemble gigantic sum of information. Then you'll be able investigation the extend development, future of the venture and other things regarding this matter.
Topic: HOW TO CHOOSE THE RIGHT CRYPTOCURRENCY TO INVEST IN - page 4. (Read 750 times)
At first please do your own research, gather information and plan what you want to do. And also remember that When you invest in a project, you will certainly keep a close eye on the project. That’s who you will be able to gather huge amount of information. Then you can analysis the project growth, future of the project and other things that you should know .
It's very difficult for a new investor to understand what to invest in. I highly suggest not investing, but trading coins on exchanges first. Get a feel for the markets, their behavior and you can research specific coins you're trading in.
Once you get a fundamental understanding of behavior of markets, you will get a clear understanding of what this space entails.
Once you get a fundamental understanding of behavior of markets, you will get a clear understanding of what this space entails.
Does the company gives you a clear vision about their projects and profits? You should know about this. Take decision wisely just because you’re investing. Always have the knowledge of current market situation. It’ll help you.
If you’re a regular investor then you know the offers that a regular company offer. Don’t trust any unknown party. Look at the market graph and take decisions. You’re the one who is responsible for your fate!
If you’re a beginner then you should try to understand the whole market and its strategy. If you’re investing your money in an ICO, firstly you should know about the company very well. It can be a fraud too!
I think your mentor is right about choice of coins. But you should remember, that before invest your money in any coin, you should carefully study it. If you invest only on advice of other users, without conducting coin research, you may lose or depreciate your investment.
Many out there, now, know that one of the best places to invest in is in the crypto-market. Also, it is necessary to note that the best place to track the progress of every digital currency is through cryptocurrency and this can be done by analyzing the 24hrs volume, the liquidity of the cryptocurrency, the market capitalization, the activities of the developer, and the market price.
So far, none of the coins proved to provide me a good profit other than BTC. So, I would go for BTC even if I get thousands of options at my disposal and about the BitcoinCash suggestion, I don't really agree with you. Eventually it will turn into a shitcoin just like other forks in the market.
The words of your mentor is gold. What he said is true through and through and this is what all the experts are saying in the forum. The suggestions of coins and what to do or not are all true.
Your mentor said the right thing. Yes it is important for the beginners to go for the ones that have been operating in the market for a long time and does not have any negative track record.
Actually I think that for long term and for any other purpose bitcoin is the best to invest and if you are new then bitcoin is the best option to choose. Bitcoin has a good communication and forum and it is the reputed and reliable coin this market.
To me bitcoin is the best option for the long term as well for short term purpose and for the new comers bitcoin is the best as this ensure safety as well as security for the investors. This is one of the best reliable coins in the crypto market.
If you want to invest on this market you need to research about the coins. If you satisfy any particular coin then you can select the coin. I think bitcoin is the perfect choice for you.
This is just my personal opinion since it’s the only thing I have tried.
My mentor told me that choosing where to invest will depend on your goal and what you want to achieve.
They say if you want to keep or conserve your money, you might want to check Bitcoin(BTC) and Litecoin(LTC).
If your goal is primarily long-term, then you can go ahead and invest with BitcoinCash(BCH) or Ethereum(ETH).
You want something accessible and less pricey? Then Litecoin(LTC) will be perfect for you.
But for me personally, I chose to invest in all. That is because it can be all of the above at the same time. You can conserve your money, it can be long term, and its easier for me to invest on multicoinbank investment platform where i get double of my investment after 10 days. With that, i invest in BTC,ETH,BCH, and LTC since i still get my returns not bothering about the fluctuations of the cryptocurrencies. just visit https://www.multicoinbank.com and thank me later.
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