Topic: What questions should I answer before I buy a new currency - page 2. (Read 262 times)
No one can say that, some are outright p&d, if you are chasing pumps you will get burned. Try to find coins with good fundamentals, teams with experience, bringing something good on the table and you might just get lucky.
For a newbie who considers buying altcoins could mean that you are looking for the next coin that will rise more than 100x. It will take months to years.
You might wanna ask yourself if you plan to invest for long term or short term and then consider the question is the coin I'm buying going to have bigger value in the next few months to come or in the next weeks, days, or hours.
You might wanna ask yourself if you plan to invest for long term or short term and then consider the question is the coin I'm buying going to have bigger value in the next few months to come or in the next weeks, days, or hours.
If we knew how to easily get into these 1000x projects really early, we'd probably be in private yachts right now lol. The reason we're not super wealthy right now is because finding these gems are definitely not easy, and investing in money to them is high risk high reward.
New cryptocurrencies. You need to clarify what are new cryptocurrencies.
New in your portfolio or new in the market. If they are new cryptocurrencies on the market, they are new born cryptocurrencies.
About them, risks must be awarded of
- Capability of developers are unknown.
- Their plans are only on paper (White paper, roadmap) and you will only know what they can do, achieve with time on the market and their real development, product, partnerships.
- I would prioritize to invest in projects with more than one year old.
It is about your risk management, taste of investment and your personal characteristics.
New in your portfolio or new in the market. If they are new cryptocurrencies on the market, they are new born cryptocurrencies.
About them, risks must be awarded of
- Capability of developers are unknown.
- Their plans are only on paper (White paper, roadmap) and you will only know what they can do, achieve with time on the market and their real development, product, partnerships.
- I would prioritize to invest in projects with more than one year old.
It is about your risk management, taste of investment and your personal characteristics.
If you're looking for a coin which is going to explode in value, you may loss out as such cases are sometimes a result of market manipulation (you'll need insider information) or simple fomo. As a newbie, most of your actions would be reactive, and you'll end up buying close to the top after the bull run has started, and selling on the way down.
When looking for a coin to invest in, rather than looking for one which would give you 2×, 3× or 4× within a few days or weeks, search for a coin you will be comfortable holding in a year or two or ten. This entails checking the fundamentals of the project and its application.
There has been lots of projects that free rapidly within a short period of time, but eventually crashed and fizzled out.
When looking for a coin to invest in, rather than looking for one which would give you 2×, 3× or 4× within a few days or weeks, search for a coin you will be comfortable holding in a year or two or ten. This entails checking the fundamentals of the project and its application.
There has been lots of projects that free rapidly within a short period of time, but eventually crashed and fizzled out.
Hello friends, I'm new to the world of altcoins
I see lately a lot of coins exploding by thousands of percent
What I need to know before having the explosion
What questions need to be asked to know that this is going to be the next explosion
Thank you so much everyone
For a beginner, I think you must make sure that the coin or tokens that you are gonna entered is legit. Try to find as much as possible the team credibility or the developer of the proejct. Yes its really a hard task for a newbie to distinguish scam from legit. But this is part of the challenge, you need also to check the project capability and goal if their platform is good or have potential or not. Many factors actually. But you can always check out and do deep dive of the projecy through the Web. I see lately a lot of coins exploding by thousands of percent
What I need to know before having the explosion
What questions need to be asked to know that this is going to be the next explosion
Thank you so much everyone
Hello friends, I'm new to the world of altcoins
I see lately a lot of coins exploding by thousands of percent
What I need to know before having the explosion
What questions need to be asked to know that this is going to be the next explosion
Thank you so much everyone
I see lately a lot of coins exploding by thousands of percent
What I need to know before having the explosion
What questions need to be asked to know that this is going to be the next explosion
Thank you so much everyone
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