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Topic: Understanding cryptocurrencies and investment. - page 5. (Read 1412 times)

member
Activity: 476
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For investment purpose, two ways are available. Firstly, best coin means large volume with top marketcap and You'll find those crypto-currencies from top like bitcoin, etherium and others. You can invest with those when you wish. Bedsides investors investigate and fine some coin which are good according to their own view. So they purchased those coin during tokensale or during bearish market with cheap
Also, one should not forget about NFTs, which can also be good in terms of investments. But now their hype has subsided a little. But, if any actual implementation of the NFT appears, then this will be the first source where to invest. This is the third way for investors in the crypto.
full member
Activity: 799
Merit: 100
For investment purpose, two ways are available. Firstly, best coin means large volume with top marketcap and You'll find those crypto-currencies from top like bitcoin, etherium and others. You can invest with those when you wish. Bedsides investors investigate and fine some coin which are good according to their own view. So they purchased those coin during tokensale or during bearish market with cheap
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
Whenever I come across this type of post the only thing that comes to mind is luna, ftx and other similar high profile projects that has gone under not because the team where not know or doxxed but because of greed and negligence.
So the believe that a project that is thoroughly researched will not have any unforseen issues in future is not always the case. Of course it is very important to make extensive research on team before parting away with your money but you have to also bear in mind that certain this can not be predicted.
member
Activity: 335
Merit: 34
Low Fidelity High Potential
So, To understand cryptocurrencies and investing requires a deep understanding of the market and available coins and it is not easy and takes time too. This may sound common in this forum, but that's okay. I would try to look back at what you did first do a thorough research on the project and team behind the coin then review factors like purpose, technology, security, market, Acceptance and fundamental and technical analysis are also important to understand growth potential and coin volatility.

The latter Consider external factors such as regulations and crypto-related news and don't forget Diversifying your portfolio by investing in several different coins can reduce risks. Yes. Maybe that's all from me.
member
Activity: 322
Merit: 10
Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?
Well I think the best time and period to invest is when you have money you can afford to lose, crypto investment is risky, you can lose all your money, so the first is having money you can afford to lose, then you can find a coin at buy at a lower price and sell at higher price
staff
Activity: 2436
Merit: 2347
Do you tend to check and verify if the partners some projects claim they have are actually real and authentic and aren't faked partnerships? Because scammers understand that most users would believe in a project if it has lucrative partnerships with big companies and projects so they simply just put logos of big companies and projects on their website just to show that they have big partnerships.

I say that because I have witnessed this, I was once checking out a new project and analyzing it, and I noticed that they have a lot of big tech companies as partners on their website but the reality was that those were just logos and they didn't have any of them as their partners.

This information is extremely difficult to verify. It will be enough to see which investors support the project. This information is much easier to check, you can go to the website of a well-known investment fund or a group of venture capitalists and look at their portfolio. This is the only reliable way to check whether this project is worthy of your attention or not, but trusting the logos of famous crypto companies on the website of another new altcoin is definitely not worth it. This is most often a fraud and a way to attract naive investors.
sr. member
Activity: 1022
Merit: 252
Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?
To be honest if it's altcoins, there's no guarantee that the city's investment will be successful in the future. Even if the city felt that we had done a thorough analysis of the altcoins project, in the end, we failed. However, that doesn't mean that none of them are worthy and make a lot of money. Actually, as long as we understand how our strategy is to invest in altcoins, it's very important. Especially if we have done research and know when to buy and sell. Do it smart and wise.

Indeed, in the realm of cryptocurrencies, where volatility and unpredictability reign supreme, a strategic approach is essential. Investors may make better decisions by being updated about market trends, technical improvements, and the basic characteristics of various cryptocurrency initiatives. Evaluating the authenticity of cryptocurrency initiatives, taking into account the team's competence, and examining the long-term feasibility of their solutions may all help you make more informed investment selections.
legendary
Activity: 977
Merit: 1011
Recently the way i make my investment these days is by looking at the coins pas history, and i will see how the coin have performed over the years, I will look at the patterns to see how they go down and how they recover and when they go down, by what percent does it happen, when they recover at what percentage does it recover, all these help me to make an informed decision before investing in any coin and it has helped me a lot


so you look at the project for many years until you invest in it.
but most projects in crypto won't last for years, people prefer to enter early and wait for the right moment to sell, but with due consideration.
We should think before investing in crypto because there are some projects that are not profitable to invest in. But we always have to think about finding good projects and then invest. If we don't understand something.  If you invest, you may suffer losses.
full member
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?
To be honest if it's altcoins, there's no guarantee that the city's investment will be successful in the future. Even if the city felt that we had done a thorough analysis of the altcoins project, in the end, we failed. However, that doesn't mean that none of them are worthy and make a lot of money. Actually, as long as we understand how our strategy is to invest in altcoins, it's very important. Especially if we have done research and know when to buy and sell. Do it smart and wise.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
yes, we have to understand what crypto is and what investment is, but in this case what we need is to invest with money that is ready to lose, and in my opinion the safest is to invest in bitcoin because the risk is not too big.
Meanwhile, investing in altcoins has a very big risk because altcoin prices are sometimes difficult to control.
but the choice is in each hand, but the most important thing is to be ready to take risks when investing in crypto.
Investors who enter the crypto market are well aware that investing in Bitcoin is safer than other altcoins. But the crypto market is now very big and there are many altcoin projects that have good future prospects. So an effort to know the details about crypto would definitely be good for an investor to find solid projects. There is no denying that Altcoins are high risk, but a solid altcoin project can bring you unexpected profits. So I think as an investor it's important for us to develop an interest in learning about the entire crypto market.
legendary
Activity: 2534
Merit: 1338
yes, we have to understand what crypto is and what investment is, but in this case what we need is to invest with money that is ready to lose, and in my opinion the safest is to invest in bitcoin because the risk is not too big.
Meanwhile, investing in altcoins has a very big risk because altcoin prices are sometimes difficult to control.
but the choice is in each hand, but the most important thing is to be ready to take risks when investing in crypto.
Without a doubt the safest route that any investor can pick is to invest in bitcoin, but there are many investors out there which may know this but they are still not interested in buying bitcoin at all as what they want is to increase their profits as much as possible, and the only way to do this in this market is to invest in altcoins, so investors motivated by nothing but greed invest in all kind of altcoins hoping for the best, only to discover too late they should have taken the safest path.
member
Activity: 476
Merit: 60
yes, we have to understand what crypto is and what investment is, but in this case what we need is to invest with money that is ready to lose, and in my opinion the safest is to invest in bitcoin because the risk is not too big.
Meanwhile, investing in altcoins has a very big risk because altcoin prices are sometimes difficult to control.
but the choice is in each hand, but the most important thing is to be ready to take risks when investing in crypto.
legendary
Activity: 2534
Merit: 1338


The best way to find good coins to invest in is to do your research, a lot of people are making a kill finding these gems early. If you can do your research and find some of these tokens that the team is still actively working on the project and with strong VC backing this is a good start, the ones that fit into these that are lower than the VC's price is even better, in the last bull market we saw a lot of highly-priced projects that are trading lower than the price VCs got into it and are highly hyped project, these project will still pump because VCs need their fund back just postion early
I am not so sure there are a lot of investors out there which can do this, now there could be a few lucky people out there which find the perfect coin in which to invest just because they happened to be at the perfect time and place, however the amount of investors which actually go through the trouble of looking for a coin among hundreds of candidates and that can identify the one which will become successful out of that group of coins should be very limited.
sr. member
Activity: 1610
Merit: 264
In my opinion, before investing in any project coin, one should have complete information about the project and check their documentation, team and future plan. The main thing is what purpose that coin is made for and where it will be used in the future.

As Polygon matic through which you can do your transactions with very low fees, the goal is that it has a great role. Similarly, there are many other coins that can be used to create many conveniences. If anyone is still having trouble, you can choose from the top coins in the market, because any coin coming to the top coin is a sign of its excellence. This is also an easy way to choose coins.
What if their documentation is plagiarized and they were not caught yet and you already bought their coins during pre-sale? Roll Eyes

There's a lot more than meets the eye in checking the legitimate projects in the market. Back in 2017, I had invested in couple of altcoins during their ICO pre-sale cause why not right? Cheap coins, high rewards after the ICO, right?? Right??? Wrong.

Careful of benches of ICO as well. Most likely they're either paid reviews. I had couple of experience where team passed the KYC test, but they still did an exit scam. Not sure what happened now after, lol but you get the point.

Do you tend to check and verify if the partners some projects claim they have are actually real and authentic and aren't faked partnerships? Because scammers understand that most users would believe in a project if it has lucrative partnerships with big companies and projects so they simply just put logos of big companies and projects on their website just to show that they have big partnerships.

I say that because I have witnessed this, I was once checking out a new project and analyzing it, and I noticed that they have a lot of big tech companies as partners on their website but the reality was that those were just logos and they didn't have any of them as their partners.
Oh yeah, those 100% certified bullshits are quite common. Even fake websites use those logos of partnerships and certifications just to lead their users in the wrong hands. This is where newbie researchers stop. Just because they saw partnership even when it is fake, they'll just fuck it and invest to it.

Man I can even recall some bullshit partnership with MyEtherWallet before that turned out to be a phishing attempt to me when I tried out airdrops.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market


The best way to find good coins to invest in is to do your research, a lot of people are making a kill finding these gems early. If you can do your research and find some of these tokens that the team is still actively working on the project and with strong VC backing this is a good start, the ones that fit into these that are lower than the VC's price is even better, in the last bull market we saw a lot of highly-priced projects that are trading lower than the price VCs got into it and are highly hyped project, these project will still pump because VCs need their fund back just postion early
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?
IMO, in addition to knowing the good things, we also need to know the bad things in this space, otherwise there will be nothing to compare and guide. Today's cryptocurrency market has changed a lot from the size to the level of solving problems in many different areas of life, since I started knowing and investing with this market. have a little experience that this environment will help us have a more cognitive view of the economy.
To say what is a good product and people are interested in it, I think that everyone will know, but forming experiences through different experiences with the market will help people know how to judge for themselves what price is right for their approach.
legendary
Activity: 2086
Merit: 1058
You don’t actually because crypto is all about tests, trials, fails, and success. When it comes to the Altcoins that is the case however if you are talking about crypto in general and want a solid investment to be done then start with the Bitcoin. Yes, altcoins are there but as mentioned it comes with unpredictable Future. For example, I know very well that bitcoin is will have ups and downs all the time but with its past experiences bitcoin is moving forward with exponential growth. That kind of prediction or cyclic change can not be experienced in the alts. That makes it unstable investment and hence it should be done with proper research.

There is no subtle way to understand these coins.

This forum has talked about choosing the right coin thousands of times but there is seriously no one who can predict right investment.
That's many things of life, there are so many things in life that is based on testing, training and perfecting a craft and it will always stay like that for a long time for sure. I do believe that the best thing we could do right now is to make sure that it's not going to be a tough situation, it should be considered a real trouble if that's true.

I do believe that we need to be a lot more patient and slow in crypto world, people are acting too quick because they fear the opportunity will pass, but there are so many of them in years and if you try to act too quickly then you are not going to end up with a good result. Just focus on what you could do slowly, that way you would have a higher chance because you took your time and did your duty before you can get rich.
hero member
Activity: 2408
Merit: 584
The way I choose new projects to invest is by looking at partners, investors and funds raised. actually there are many other considerations but these 3 things that I often see. some of the new projects that I think have the potential for long-term investment are APT, SUI, and ARB. these three projects have a lot of well-known partners, apart from that these three projects also have big investors such as FTX ventures, binance, and multicoi capital.
Do you tend to check and verify if the partners some projects claim they have are actually real and authentic and aren't faked partnerships? Because scammers understand that most users would believe in a project if it has lucrative partnerships with big companies and projects so they simply just put logos of big companies and projects on their website just to show that they have big partnerships.

I say that because I have witnessed this, I was once checking out a new project and analyzing it, and I noticed that they have a lot of big tech companies as partners on their website but the reality was that those were just logos and they didn't have any of them as their partners.
MiF
sr. member
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Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?
If you have a big patience you don't need to be doubtful you can invest in cryptocurrency today and wait till you get the profit when the market become more better, we will not loss if you don't sell at loss, everyone knows that cryptocurrency is risky every coin is risky but if you will find the right coin you will gain big earnings.
legendary
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Identifying the best coin and the right time to invest can be a challenging task. It requires research, analysis, and a bit of intuition. One way to identify the best coin is to look at its market cap, trading volume and historical performance. These metrics can give you an idea of how popular and valuable the coin is. Additionally, you can look at the technology behind the coin, its use cases and the team behind it. As for the right time to invest, it is important to keep an eye on market trends and news. Look for any major announcements or events that could impact the price of the coin. It's also important to have a long term investment strategy and not get caught up in short term price fluctuations. Investing in crypto currency can be risky so its important to do your due diligence and invest only what you can afford to lose.
You are correct, however while something like this may seem to be incredibly simple as it can be described in just a few sentences, the amount of work something like this could take is huge, and many newbies never really stop to think if they have what is necessary to do all of that, as finding a single good coin can be an extremely taxing activity, as thousands of coins are released each year and yet only a few of those coins make any kind of significant impact on this market.

That's really something that you need to invest yourself, finding the right assets and knowing the significance on why and how the project will have a superb dominance after some time, there are lots of projects that being created and he chance of one or maybe up to 10 projects to grow and succeed is very slim you really need to take time in sorting it out and try to understand the intention of the project if there's real case usages that will be offered to meet investors expectations and to gain more supports.
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