Topic: What you should look for before Investing in Cryptocurrencies (Read 167 times)

Choose a method depending on the budget and the time you want to spend on making a profit. I must say that the exchange and mining are long-term and risky options that require preparation.

I think I know what to take from this article. Its good one and tells us easy ways to look after the market and choose the coins wisely. I think I am liking the point where you mention that saturated market thing. Yes off course these coins should be the top priority and they come with lot of security and safety of our investment. At least I am thinking it in that way because when it comes to saturated market then the volume of trade is alas highest and demand is always heavy. This creates big pressure on the buy wall and there is lot more chance that you can gain profits from such investments if made it right.

You are right, I just focused on the ones I have invested in. Although i will soon look into more currencies and make a new post.

I think all of them which you have mentioned are equally good in the crypto world. People will nt loss their coins if they invest in those coins. Currently all of them are in good position.

First of all i check coins previous performance, price fluctuation range and investor’s feedback. If these are satisfy me then i will invest a particular coin. Personally i like to invest on bitcoin.

The use cases and the team behind the project should be checked at first, then why and how they are going to keep their promises as of whitepaper and community communication. Members background is also important. Oh, of course, Bitcoin is my favorite currency along with ETH, NEO and more.

the purpose of altcoins for majority of the users is to make profit from and your topic is also looking for that purpose. in that case there is only pumps that you should be looking for all the rest do not matter. and if you learn how to find them on your own then you can make a lot more profit compared to when you bag hold a certain "big name altcoins".

for instance you keep on repeating XRP where in fact ripple is one of the shittiest altcoins that you can find for investment. it gets huge pumps from time to time but that is all there is to it. it is centralized, it is useless and 90% of the times it is getting dumped slowly but surely! this altcoin is never a good investment. it is only good during the pumps.

Thank you for the post but the coins and tokens you mentioned are already so popular and people know much about this already. It would be more useful if you had focus on the unknown ones which need this publicity badly.

Yea definitely, i am just showing what I have invested in and why I prefer each

If its by the popular coins, then no one would need to do any due diligence because for those coins to be adjudged popular, they must have passed series of test but the concern is about those unknown coins which abounds the crypto space that gets listed on exchange sites everyday without any end. These are the ones that needs to be scrutinized before any investment is made what so ever.

Most of the crypto currencies you mentioned above are really good for their specific purposes, such cryptocurrencies as  NEO, Cardano, crybermiles etc are really very amazing cryptocurrencies that solve the issues of scalability, speed, anonymity and security. However one crypto currency that is becoming very popular is Nexty with a dual cryptocurrecy confirmation. It employ the use of double tokens like NTY and NFT to give instant transfer to payment transactions.

Are you investing in novices? Beginners should pay more attention to, for example, don't believe the article you sent. You must pass your own judgment. For example, why NEO is good and why it is worth investing. You figure this out. You can invest.

 

This is 2018 and everyone is somehow are involved in cryptocurrencies one way or the other.

Some big firms are joining forces with currencies that could be useful for them in the future, some of them are making their own currencies.

With all these currencies coming up, it would become really hard for users to see what is the currency that will overtake all the other currencies in the market. In this article, you will be shown on what basis you would want to invest.

Firstly before we proceed, note that this article is just a prediction and can not be something you would want to blame if something does not go as stated.

1: Currencies with high specifications

We have a ton of currencies that have high specifications like the transaction speeds, blocksize, security level, costs of transactions, level of anonymity. Some of the currencies we would recommend checking out:

1: IOTA (https://iota.org)

2: Stellar (https://stellar.org)

3: NEO (https://neo.org)

4: Encrypted Dollar Coin (https://edollarcoin.com)

2: Currencies with high recognition

Having a very saturated market, it becomes very challenging to find out who accepts and is ready to trade in what currency. Here are our top picks based on the current market share:

1: Bitcoin (https://bitcoin.org)

2: Ripple (https://ripple.com)

3: Ethereum (https://ethereum,org)

4: Cardano (https://cardano.org)

3: Currencies with greater scalability & Future

Even the currencies that have high specifications can fail if they do not have a good future planning or space to grow, some of our recommended currencies are the ones that are backed by high level firms, with greater growth plans and reach. While some are focusing on being accepted vastly everywhere, some are focusing on being more user friendly and empowering. while some are focusing on creating a new market where other currencies would depend on them, the others are focusing on how they could change the way the world works. Here are some of our top picks.

1: Ripple (https://ripple.com)

2: Encrypted Dollar Coin (https://edollarcoin.com)

3: Stellar (https://stellar.org)

4: IOTA (https://iota.org)

We have selected some of the strongest contenders and have placed our bets on them, what are your favorite currencies and what do you usually look for before investing? Feel free to comment below.