Topic: what should consider before investing in a coin? - page 2. (Read 3379 times)

Legitimacy of a project is really hard to know, especially that most projects can be promising at the beginning or in their whitepapers but still ends up to be a scam and trash. It is really necessary to make your own research about a project - the people behind it, how well the project is to be useful and successful in the future and how many participants participate in the said project.

There are lot to consider when investing on crypto. I will state some of them with my previous experience on the this kind of market. First of all if you have to know all the basic stuffs in cryptocurrencies, because without this you would just go follow random coins blindly and it can lead you to certain unacceptable outcomes. Now, lets go to your health, of course you should be physically and most of all mentally fit, because some failures will be waiting for you ahead and if could not take it then it could lead you to depression and worst is make you crazy or sometimes death (Suicide or being killed for your PK). Another is of course the money, this is the main thing you need because if don't then couldn't invest on coins that you want unless you take some free coins that are most of the time worthless (Airdropped Coins). If some you have the money then I will strongly suggest that you go first with the coins that are already hot on the market with huge market capitalization and stuffs that supports it being alive until today, it can give you useful experience if you are planning to invest on new ones. There are lots of things that I could share but maybe others would help out to so I am giving chances here, well again this base on my experiences out here.

Participating here in the crypto world means taking risk before getting reward and earning a lot of profit from one's effort. Being both careful and risk-taker is indeed needed when investing in a coin, gathering information about the coin you would invest to is required to avoid loss. Having back- up strategy and calculated risk for your every move is great and needed to be successful in this industry.

I think due to my experience in crypto investment,
 Purchasing coins that are advertised with no generous improvement in tech is risky.
Considering the venture capital is necessary to ensure liquidity, and continuity of the asset.

yes people just don't understand with the risks. they don't care about this and think that risks are something that you shouldn't take care about, which is why most of people are always crying at the end because of the inability to maintain the risks

We all known that trading is very complex; basic knowledge is not enough when you already start trading in the real world. Trading is consist of a lot of players with have different knowledge and skills that can be used to their daily or for long term trading. Some traders made their very own research to gain more information to their desired trading and what are those advantages can use to win their trades. Some of them are asking people who are already trading a lot of money because by gathering data and gaining a lot of experience can be used. In trading we must also consider the type of coin we will use to start trading and investment, this is important to know if do we gain profit on this or not, to be aware and not wasting our time in trading that we cannot earn any money thus can lose of income. Always think positive and trust our decision in trading and won't regret if we already do the action because in life, it has full of risk like in trading too.

to invest there are indeed many things to consider, one of which is you have to decide what coins you want to make investments and how the movement of the coins in the market will be profitable or not and it's all up to you whether you believe in the coins

Doing only research will not do any good for you for long term because there are biased articles and information in the internet that will make you think that it is a good trick to invest in that coin. It doesn't mean that doing research is not a good idea, what I mean is, you should not purely rely on research and also try other methods to obtain a higher successful rate of investing.

completely research will give us best result. its not easy to pick best portofolio from market when almost all price still go down. some projects have low price, but it could not guarantee us will give profits later. if we regularly and dicipline making research , our felling will trained well too. and we will easily to find good portofolio from market.

Knowing market condition is the most important aspect before investing in any coin. You should also look at the btc-altcoins relationship. It is really vital. You just have noticed that when btc goes up/down, there is always a reaction in altcoin market. So beside looking at fundamental analysis of a coin, checking the present market scenario is really vital.

Right now as market has bounced of from a strong support, altcoins are expected to gain up or follow btc if it crosses $7500. You can also trade altcoins in usdt instead of btc for less risky trades.

Yes we need to choose among all those thousands of coins in the market to where we could spend our money or to where we would invest it. We need an active company, active team members of the coin developer, and also we should consider also that they always updating us in what does their team are doin in order for them to stay in the market.

self-confidence is indeed the main key before deciding to be able to invest in several projects, because not necessarily the advice of others is always accurate and trustworthy, they may also be victims of a lack of conscience to choose a project. and the most important thing to consider before investing in a new coin to be launched is having the courage to bear all the risks and being confident of the project you will choose

If you think that you wanted to invest then choose the most profitable coin like bitcoin it’s worth investing. You should check either the coin is having potential or not and if there are so many of that coin. Instead of all those coins, I think we should choose only Bitcoin and ETH to buy with our money and store longer so you will be able to sell it double after a few years.

Do not invest something you do not know can avoid to huge losses. Do not rely on people sentiment because they are also victim of ignorance. Just trust yourself in making investment and do not follow advice and tips. Research is the best key in order to find a worth it coins to buy and also it is better and safe if we are going to buy listed coin in an exchange than to participate in IEOs and ICOs.

Before investing in any money you need to note a few things:
- Focus on the research: "Never invest in what you don't know" is the best advice from angel investor Warren Bufet. When not digging into what you're about to invest, it's best not to go down.
_ Initially participating should invest a small amount.
- Join prestigious and quality social networking sites in the field of investment.
- There are many cryptocurrencies to choose from, not just Bitcoin.

Risk is there in every business and we can reduce it simply by making vigilant decisions simply by doing our home worked completely before investing. The project we are choosing, we shall simply understand the teams who are governing them and it would be great if we have reviews of their former or current investors. These things save you a lot from losses. In crypto, invest only in popular coins.

In investing in cryptocurrency better to know, you must ready your almost ten dollars for your investment. Still, sometimes some websites support the newbie traders they make a demo trading system to introduce how does trading works. In trading you must have a lot of knowledge and learnings because this is the key to success all of your trading, there are a lot of sources on the internet today how that gives tips from the other traders. One of the good sources also asks other people who already have a lot of experience in trading. Next is make sure you know what coin is suited for your trading because most of the time this is the problem of the beginners in trading they are investing a lot of money to the coins that are for long term trading. Lastly is always think positive in your trading, trading is full of risk and profit so if you doubt your trading you will lose your money, if you trust your self it can give you a lot of profit.

Yes, the low cap coins and the newly released coins are most likely to go up to x10 from its original price. One of the thing that you can consider before jumping into a low cap coin is the hype. You should determine first if there is a hype behind that coin because the hype will help you to reach your goal faster because it means there is a demand for the coin that you are about to invest in.

I completely agree about the risks. This is probably the most important thing. And the ability to understand risks can also help generally in any area of life.

Low risk and low profit are for popular coins, but if you want to consider the high risk, high reward, you should probably invest in new coins. Research about the coin and every bit of its background and you will be good to go. New coins can pump and go to the moon just like any other coins if the team is responsible and want to coin to be successful. Simple as that, if you want high risk, high reward type of investment, then invest in a new coin.