Topic: What must i have before holding some coin ? (Read 453 times)
The first thing that you need to do is do a thorough research on the project and its real world use cases, also look deeply into the dev team and their past experiences and the projects they have done. Then you need to make sure that the PC you are going to hodl your coins on is secure and if not then use a completely different OS or PC for storing your coins on, if feasible.
One of the main priorities is still the ability to make rational decisions and not to succumb to panic. Many people come out of the project ahead of time and regret it.
Coins that have potential will be in the best market. I think there are two things you must understand and learn before holding a coin, first, you must understand the market and next you thoroughly understand the coins you will hold. Potential coins can usually be seen from whitepaper, websites, company profiles, development teams, and sales markets. Maybe useful.
Understand the basics of blockchain, understand how wallets are used, understand the team's development ideas behind the tokens, and the history of team members. There are many things that you need to understand. Understanding enough can bring you better judgment.
Patience IS the key if you don't have this then you can't hold any coin.
If you don't have patience then better you don't watch market and keep yourself away from the market after buying that coin which you want to HOLD.
If you don't have patience then better you don't watch market and keep yourself away from the market after buying that coin which you want to HOLD.
Learn everything about cryptocurrency in detail, from definition, how to work, and often see the market price of various coins available on a trusted website. Also wear a trusted wallet because it will make your coins safer stored. After that look for coin which according to many people this forum worth to investment. That's it from me.
Deep research and reading alot of articles will give you an advantage. because if you know where to invest an altcoins you probably in the right direction just be patient everthing will be okay. Hodlers are always a winner.
If you want be calm and confident about your investment - research idea of that before do something. Read whitepaper, watch coin's history on exchanges, check team of develop.
I think you should understand how the coin moves? you can visit his website and see the whitepaper. and you do not easily panic when already holding the coin.
Researched the hell out of the coin, have some general crypto knowledge, a wallet, etc. There should be some guides out there to get you started.
I bet you already had a technical skill and capable in analysis so I will say that all you need is emotional skill which it needed to overcome you psychological impact when seeing you portofolio in reds.
One of the main priorities is still the ability to make rational decisions and not to succumb to panic. Many people come out of the project ahead of time and regret it.
Watch and learn about future possibilities of project that coin presents, if it's correct and good - you may hold even small coin and get rich someday)
The cost is only information, if you know how to collect it then you can succeed in almost any project.
You just need a proper research about ico and token. you also need to research how value increase . crypto investing is risky invest but if you learn at first then you can minimize your own risk.
I think it's a good idea to learn and analyze the growth of coins you have in the market, if the growth of the coin shows the good progress you can bear to get the benefits you want and then sell, but if it seems the price of the coin does not change maybe you can sell it so as not to lose much.
i want to ask to you , what should i do before i decide to holding a coin ? a part from the clarity of the developer
thanks you before , and i hope you all can understand what i said
First of all you need to find out everything about the market and the movements in price and demand for coins. And then invest, realizing that you are making the right choice on such and such principles. And these principles for yourself can create tens and the more of them the less coins you will have to choose from. thanks you before , and i hope you all can understand what i said
In fact you can never be completely sure of the correctness of the decision. This is a very active market and you need to understand that you always risk, even when you are confident in the selection of coins.
You need to find out about the coin, analyze its potential in the future and decide whether to keep it
Yes check the previous updates but for me its also the present update. Why? Because when looking from the previous updates to the present I will guarantee you will get it if you always look at it and think, make conclusions.
For example if the updates goes up and 3 hours later it goes down and the most updated one is red it you see a candle stick that is on the top, there it will be increase step by step. You second option to know if you dont still get what I'm saying and others has explained, you go to youtube.
For example if the updates goes up and 3 hours later it goes down and the most updated one is red it you see a candle stick that is on the top, there it will be increase step by step. You second option to know if you dont still get what I'm saying and others has explained, you go to youtube.
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