Topic: What are the three most important parameters before buying a Cryptocurrency (Read 189 times)
October 07, 2018, 11:14:16 AM
There are no fixed parameters, but if you wanna buy any currency, you have to look at its progress, its potential and its vitality for the future. And of course the coherence among these.
October 07, 2018, 04:17:59 AM
Buying crypto is a hard task, many factors are involved regarding the best choice of crypto already presented in the market. To select to buy a crypto we should firstly look for the legitimacy of that coin; secondly the popularity and last but not the least its market capitalization. These three would help us filter the goods from the rest.
October 08, 2018, 02:59:06 AM
I think when considering which cryptocurrency to purchase one has to understand how viable is the currency. ‘Viable’ here simply means what is the currency used for? What needs does the cryptocurrency meet? Another very important requirement when searching for a cryptocurrency to buy is the market size of the project by which the currency is meant for. The third consideration you have to look into is the future of the project the currency was created for. You need to ask yourself in the next two decade will the currency appreciate in value with regards to meeting the needs of customers of the future. As we all know the demand for a currency is connected to the need it meets which makes the value appreciate. Or guys what do you think?
I would also look at the existing and total coin supply. I tend to gravitate to coins that have smaller supplies for whatever reason. I guess when I see that a coin has like 100M coins as their market supply I get a little nervous.
October 07, 2018, 11:18:23 AM
While what you pointed is true it is also absolutely necessary for an investor/trader to research a project well before he put any money in it.
The third point you mentioned can be achieved only when the a proper research is done. The price should also be considered before investing since market size is the one that derives the price.
The third point you mentioned can be achieved only when the a proper research is done. The price should also be considered before investing since market size is the one that derives the price.
October 07, 2018, 10:47:48 AM
There are more than just 3 parameters as there is a lot to consider before making any sort of investment as the most important thing before investing into anything is research and having patience as it would be rash to jump in not knowing much about what it is you're investing into.
October 07, 2018, 10:36:44 AM
The important parameters before buying a cryptocurrency are Market Capitalization, Verification, Retailers Acceptance.
October 07, 2018, 03:41:05 AM
Gaining knowledge is the key factor for buying any cryptocurrency.So research about various alt coins and try to understand what can be the future of the those coins.Wait for the right time and make good profits.
October 07, 2018, 03:30:44 AM
The three most important factor before buying a coins are: Firstly, One should research the market and choose a suitable coin. Secondly, He/she should verify the authenticity oif that coin. Finally, he/she should check the benifits that can be gained from that coin.
October 07, 2018, 03:04:38 AM
Different people use crypto currency for different reasons. Chosing a coin really depends on what you want to use it for. You have to choose smart.
October 06, 2018, 09:07:16 PM
The three most important things that I look at before investing in any project is:
1) The team behind the project - Do they have the skills to execute their plan and are they capable of adapting when they inevitably face obstacles.
2) The Blockchain use case - Is the use case realistic, is it something that screams the need for Blockchain or is it someone just looking for an easier funding route.
3) Structure of the deal - Who got coins, how much and at what price.
1) The team behind the project - Do they have the skills to execute their plan and are they capable of adapting when they inevitably face obstacles.
2) The Blockchain use case - Is the use case realistic, is it something that screams the need for Blockchain or is it someone just looking for an easier funding route.
3) Structure of the deal - Who got coins, how much and at what price.
October 06, 2018, 07:58:55 PM
I hate to say it but it's become increasingly evident that two of the strongest buy indicators come from marketing and company war chest. I'd probably throw in accessibility to general population for number three. Explains why shitcoin Tron continues to perform in the face of dying markets.
October 06, 2018, 07:43:32 PM
When I look for alts to invest in, the first impression of the idea must be good otherwise I skip it. If somehow it catches my interest, I'll read they whitepaper and decide if it is viable. The second parameter would have to be the team. It is important since they will be the one to facilitate the growth of the project so they need to be strong. Third would have to be the community. A strong community is a good asset for a growing product.
October 06, 2018, 07:20:02 PM
Another important factor which OP missed to mention while investing in any cryptocurrency are team members, everyone should thoroughly research the background of the team members because the project is depending on them & they are going to work on it to make it successful. If they won't work with full determination the project will fail which results in low demand of that specific cryptocurrency and less value.
October 06, 2018, 05:16:59 PM
The three most important parameters to consider before buying any crypto currency is
1. The product; what does the project has to offer to the public in real life and it’s applic as well
2. Their project lifeline, the team as well and most importantly their roadmap
3. Their ico stages, the ico price and recent price as well
1. The product; what does the project has to offer to the public in real life and it’s applic as well
2. Their project lifeline, the team as well and most importantly their roadmap
3. Their ico stages, the ico price and recent price as well
October 06, 2018, 01:51:29 AM
yes, dependence in an ecosystem and making it equally beneficial.
so when a coin is said to be feasible, because the coin provides benefits to its users.
so when a coin is said to be feasible, because the coin provides benefits to its users.
October 05, 2018, 10:30:18 PM
I think when considering which cryptocurrency to purchase one has to understand how viable is the currency. ‘Viable’ here simply means what is the currency used for? What needs does the cryptocurrency meet? Another very important requirement when searching for a cryptocurrency to buy is the market size of the project by which the currency is meant for. The third consideration you have to look into is the future of the project the currency was created for. You need to ask yourself in the next two decade will the currency appreciate in value with regards to meeting the needs of customers of the future. As we all know the demand for a currency is connected to the need it meets which makes the value appreciate. Or guys what do you think?
I would also look at the existing and total coin supply. I tend to gravitate to coins that have smaller supplies for whatever reason. I guess when I see that a coin has like 100M coins as their market supply I get a little nervous.
October 05, 2018, 03:06:50 PM
You have mention it all Man and if I may add to your submission above i will say all depends on what you are buying the particular coins for. And if it is for a long period time or short time investment then it will be good for you to take into consideration whether the coins in question has been already over bought/value or not.
October 05, 2018, 02:42:12 PM
For me its making sure that my investment is not going to be stolen. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
October 05, 2018, 10:10:27 AM
I think when considering which cryptocurrency to purchase one has to understand how viable is the currency. ‘Viable’ here simply means what is the currency used for? What needs does the cryptocurrency meet? Another very important requirement when searching for a cryptocurrency to buy is the market size of the project by which the currency is meant for. The third consideration you have to look into is the future of the project the currency was created for. You need to ask yourself in the next two decade will the currency appreciate in value with regards to meeting the needs of customers of the future. As we all know the demand for a currency is connected to the need it meets which makes the value appreciate. Or guys what do you think?
For me, make sure there are the real "product" behind the coins we buy.
Many coins are made by just with the ICO and copycat white paper but hey don't really work hard behind it.
October 05, 2018, 10:07:48 AM
For me I usually choose crypto to invest which has the real use case and must be really a usable platform in the future not 2-5 years but in the future like until new generations still they can use it and the importance of it and why they created.
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