Influence is part of a very great tools of researching coins to hold

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: Lorokan on April 22, 2020, 05:13:58 AM

I think traders and investors will realize that when researching about certain altcoins, you must attain a 7/10 of total analysis before considering it for investment.

You must also find out such token future through its coming products; questions like will the project further products and development have an influence on the price and demand for the token or its just a page in Whitepaper??

I see influence as what the supposed project team of developers tends to worth in a reality sense, what do i mean?
The product to be delivered by any crypto devs, the product must be able to have influence on users (which means it must be able to attract potential users) who in turn starts sharing how good the products work and bring in investors.

So when you go through the whitepaper, evaluate the product in question, and see if you are excited about what they are about to do.
Read up on other peoples opinion too. Do ensure to invest on your own discretion after doing your own research.

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

Quote from: Lorokan on April 22, 2020, 05:13:58 AM

I think traders and investors will realize that when researching about certain altcoins, you must attain a 7/10 of total analysis before considering it for investment.

You must also find out such token future through its coming products; questions like will the project further products and development have an influence on the price and demand for the token or its just a page in Whitepaper??

When it comes to professional traders mind, Im not sure if the product is considered in doing so. They will only used their skills on different parameters used in trading in order to gain profits. How many traders even know how to used or known the functionality of the tokens they are trading? Probably not all and they even just know its name cause of popularity and even trade that because its one of the best one to trade.

Traders are different from investors perspective you dont need a product for them to appreciate their asset as long it gives them profits.

ife2020

member

Activity: 579

Merit: 13

Are you kind to your neighbor? Think it through

When you say influence; it depicts what happens that can affect token price immensely.
So when you want to dig up long term tokens to hodl; you need to figure out the plans and the products for the nearer future and determine if it is indeed realistic.

Influence for me = hype, product and longevity of the token.

Lorokan

member

Activity: 421

Merit: 47

I think traders and investors will realize that when researching about certain altcoins, you must attain a 7/10 of total analysis before considering it for investment.

You must also find out such token future through its coming products; questions like will the project further products and development have an influence on the price and demand for the token or its just a page in Whitepaper??

Topic: Influence is part of a very great tools of researching coins to hold (Read 127 times)