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Ichimoku & Rsi
Topic: Understanding market cap and a few other things (Read 145 times)
I suggest you to read lot of articles and pages about Blockchain, Bitcoin, cryptocurrencies and ICO.
First you need to understand the technology that there is behind it. Many people ask me how to invest and make money, and I see that without the basis and knowledge, they can't take good decisions.
First you need to understand the technology that there is behind it. Many people ask me how to invest and make money, and I see that without the basis and knowledge, they can't take good decisions.
If crypto currency is decentralized, how can the developers release initial coins, does that mean they have manually gone and mined millions of coins into a wallet to release for sale? If not then how can a developer control the release of coins and does that pose a risk to investors if this person has overall control?
If I get it correctly what you speak about here is called premine. Many coins are premined, for example, it was rumored that ETH had been 80% premined. And by the looks of it, heavily premined coins cannot be considered genuinely decentralized because the majority of coins are held only by a few hands.
Hi guys,
Crypto newbie here, About 6 months ago I started buying cryptos (BCH, ETH, XRP, NEO), I spent $8k and now its worth over $30k so its safe to say I am hooked and looking to delve deeper.
Here I have a few questions, I am looking at getting into ICO and High risk investing soon, there's a few things I don't understand, hopefully somehow can help out!
If crypto currency is decentralized, how can the developers release initial coins, does that mean they have manually gone and mined millions of coins into a wallet to release for sale? If not then how can a developer control the release of coins and does that pose a risk to investors if this person has overall control?
How can I analyze risk rating of coins, is a coin with a low price and low market cap considered high risk? or should I be looking for coins with a large market cap and low price?
thanks!
Crypto newbie here, About 6 months ago I started buying cryptos (BCH, ETH, XRP, NEO), I spent $8k and now its worth over $30k so its safe to say I am hooked and looking to delve deeper.
Here I have a few questions, I am looking at getting into ICO and High risk investing soon, there's a few things I don't understand, hopefully somehow can help out!
If crypto currency is decentralized, how can the developers release initial coins, does that mean they have manually gone and mined millions of coins into a wallet to release for sale? If not then how can a developer control the release of coins and does that pose a risk to investors if this person has overall control?
How can I analyze risk rating of coins, is a coin with a low price and low market cap considered high risk? or should I be looking for coins with a large market cap and low price?
thanks!
Not all crypto currency decentralized. Some are private or run by governments (eg Venezuela). It's the same with ICO. Now ... how to believe which crypto currency or ICO is real and which is false? Not simply because there is a lot of scam everywhere. General advice does not exist. I advise you to visit events related to the crypto currencies in your neighborhood where you live but also online. Do not rush anywhere with investments. Always see that behind the crypto currencies or the ICO are publicly known people who have already participated in important projects. It's true that even anonymous people can launch a good project, but only when you meet the crypto world, then invest in new projects. Invest only as much as you are willing to lose.
If crypto currency is decentralized, how can the developers release initial coins, does that mean they have manually gone and mined millions of coins into a wallet to release for sale? If not then how can a developer control the release of coins and does that pose a risk to investors if this person has overall control?
cryptocurrencies are just computer codes! they have some initial constants that you can simply change to whatever you like. also not all coins are being mined. there are very different methods of distribution one of which is mining.we call this a pre-mine. the developer simply creates that amount of coins out of thin air in the first block. it can be all of the coins in circulation like ByteBall, or it can be all of the coins in circulation by that time like the 72 million premine of Ethereum.
then comes the distribution. i personally dislike this method of distributing the coins but it exists. for example Byteball is distributing it based on how much bitcoin and GBYTE you own.
the risks usually depend on the project itself for the most part and then the way they distribute the coins.
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How can I analyze risk rating of coins, is a coin with a low price and low market cap considered high risk? or should I be looking for coins with a large market cap and low price?
all altcoins are high risk no matter how low or high their price or market cap are.the coins with a higher volume and bigger market may move slower but they are still risky.
you can see the number 2 coin (ether) had its official multisig wallet hacked multiple times now and people lost millions of dollars worth of it every time!
Hi guys,
Crypto newbie here, About 6 months ago I started buying cryptos (BCH, ETH, XRP, NEO), I spent $8k and now its worth over $30k so its safe to say I am hooked and looking to delve deeper.
Here I have a few questions, I am looking at getting into ICO and High risk investing soon, there's a few things I don't understand, hopefully somehow can help out!
If crypto currency is decentralized, how can the developers release initial coins, does that mean they have manually gone and mined millions of coins into a wallet to release for sale? If not then how can a developer control the release of coins and does that pose a risk to investors if this person has overall control?
How can I analyze risk rating of coins, is a coin with a low price and low market cap considered high risk? or should I be looking for coins with a large market cap and low price?
thanks!
Crypto newbie here, About 6 months ago I started buying cryptos (BCH, ETH, XRP, NEO), I spent $8k and now its worth over $30k so its safe to say I am hooked and looking to delve deeper.
Here I have a few questions, I am looking at getting into ICO and High risk investing soon, there's a few things I don't understand, hopefully somehow can help out!
If crypto currency is decentralized, how can the developers release initial coins, does that mean they have manually gone and mined millions of coins into a wallet to release for sale? If not then how can a developer control the release of coins and does that pose a risk to investors if this person has overall control?
How can I analyze risk rating of coins, is a coin with a low price and low market cap considered high risk? or should I be looking for coins with a large market cap and low price?
thanks!
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