Before buying crypto things you should know?

[BTCBEE]

First step is your research. They are risky. There use vary. They may fail. They may vanish. Crptocurency investors use many different strategies. Alot of other factors involve in here.

yes you are right first research and then you must use some strategies to make an investment because you are going to put your hard earning money on investment so be carefull because its really risky

 

[Ebensco]

If you want to venture into cryptocurrency you have to know the founder,you should be able to explain to anybody what it is all about even if you are sleeping.people can use it for fraudulent acts like money laundering.it is like gambling nobody cañ predict the changes when it Will rise or fall. cryptocurrencies are worth whatever people are willing to pay or exchange for them.

I agree with you!,it's ideal for one to do proper home work before investing in Crypto.

 

[tuna89]

Before investing into any crypto, you have to understand some important factors, check the price history of the crypto to understand the trend of increase and decrease, also check the trade volume because this really affects the prices of crypto, the more investors continue to make use of a crypto for transactions, commodities trading and so on, you would definitely see a rise in the crypto values. The link below may help.

5 Things to Learn Before Buying Your First Bitcoin - The European Business Review

When people hear the word bitcoin, then the first thing that knocks on the door of their mind is the most valuable cryptocurrency. It’s right, too, because, among all cryptocurrencies […]

www.google.com

 

[Waqas wajid]

This currency is a new currency and not many people know about it so I didn't know much about it before doing business but as I worked with it I took it with me.We started to know what the transaction is. This currency sometimes goes up and sometimes it goes down. It can be a big problem. We didn't know much about it before we took it.

 

[solomonmali]

Bitcoin is a currency designed to pay for goods and services, just like Euros or U.S. Dollars. But that’s where the similarities end. Bitcoin, unlike a traditional currency, is:
Decentralized—no government or central bank controls the currency supply.
Digital—there are no physical Bitcoins or Bitcoin bills. The currency lives entirely online, tracked by blockchains, continuously growing groups of records that provide a complete history of each Bitcoin. (Imagine, for example, that you could use the serial number on a ten-dollar bill to look up every single time it changed hands.)
“Pseudo-Anonymous”—Bitcoins are tied to a wallet ID rather than your personal information, but this doesn’t make it entirely anonymous (more on that below).

 

[KENDRA2020]

A lot should be considered before buying or selling a coin one the rate at which it has been increasing. The way at which it is been sold, its amount and how it is increasing over the month and days.

 

[Victor72]

There are several things you should know before buying cryptocurrency first you must know how to buy and sell secondly you must know how to use the app because as for me i always use the app in buying and selling because the app is the most easiest way to buy and sell

 

[solalal36]

Follow the trend for few weeks, the community and whalers most important. Start with a small capital. Download apps that will alert you on the trend. Stay online. Keep researching.
Have fellow investors as friends.
Join investors communities.
Then you can start trading by adding more capital. Good luck

 

[SAFEMOON]

Before buying bitcoin, and it’s important for individuals to get a safe and secure wallet first to secure them from hackers or scammers. There are various types of bitcoin wallets present such as software, hardware, desktop, or mobiles. So, one has to choose the best one accordingly and know properly how to use it. The main usage of a bitcoin wallet is to send or receive coins. It’s a very important thing to know as a bitcoin wallet is a base for making a deal with anything related to it.

 

[Shigobad2020]

Before going into crypto currency business like buying crypto, the things you have to know about crypto coins are the prices of the coins like bitcoin , ethereum, litecoin e.t.c and what you tend to gain I you buy them.

 

[Romanmam]

Before you buy cryptocurrency, know that it does not have the same protections as when you are using U.S. dollars. Also know that scammers are asking people to pay with cryptocurrency because they know that such payments are typically not reversible.

 

[Lordfalcao]

Do your research before adding cryptos to your portfolio. ...
Cryptos are risky. ...
The uses for cryptos vary. ...
Cryptocurrency investors use many strategies. ...
The IRS doesn't consider cryptos to be currency. ...
Cryptos may fail. ...
Cryptos can vanish. ...
Cryptocurrency prices can be driven by emotion.

Yes I will definitely agree with you on this one.
Cryptocurrencies are volatile meaning that they rise and fall so aren't really predictable...and not to talk about the facts that they have untraceable transaction these are just some of the heads up from numerous others

 

[Muhammad Arif]

I read all comments here no one give same answer.

 

[ahmedo24]

I read all comments here no one give same answer.

People has given different opinions as regards cryptocurrency Investment and trading. If there is something you are yet to be clear with you can let me know about it if I can .

 

[Josemendez]

The first and important thing one should know before investing in cryptocurrency ,is the fact that cryptocurrency is a risky investment with a very volatile market . This is the major challenge in it . Also , there are a lot of fake projects in the cryptocurrency world .

 

[GoldenLady]

First step is your research. They are risky. There use vary. They may fail. They may vanish. Crptocurency investors use many different strategies. Alot of other factors involve in here.

I have never made any research before investing in any coin, other than looking at it's growth for the past 6 months.

For Bitcoin and Ethereum, it's a must to have a significant sum of those two. For others, I'm too busy and lazy to do any research. I follow other people's recommendation.
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If you want to venture into cryptocurrency you have to know the founder,you should be able to explain to anybody what it is all about even if you are sleeping.people can use it for fraudulent acts like money laundering.it is like gambling nobody cañ predict the changes when it Will rise or fall. cryptocurrencies are worth whatever people are willing to pay or exchange for them.

Even if you are sleeping? I don't agree. I believe it's important to know a lot about cryptocurrency, especially if you plan to invest really large sums of money, but for an average person, all you need is the basics.

 

[Dowenship]

Well research is really important and very crucial when thinking or planning on the coin to Buy. You can't just jumb on any coin without carring out a research on tge coin and have the fundamental knowledge of the history if the coin in trade.

 

[Erik4150]

Before investing your money in anything cryptocurrency you need to make sure you are buying the right coin that has good potentials to turn in profit in the future. You akso need to know when to sell your crypto.

 

[unhappy triad]

I am going to crypto trading from last 2 months and I realize it is not so much risky if you are doing spot trading because in the spot trading only patients is needed and if you are playing gently then you will must gain some benefit from crypto trading.

Yeah spot trading no doubt carry fewer risk the coins usually will rise. But here a lot of patience is needed if one is to make out profits. Plus the interest you gain is not so much compared to trading in future which carries more risk

 

[BrolySSJ]

First step is your research. They are risky. There use vary. They may fail. They may vanish. Crptocurency investors use many different strategies. Alot of other factors involve in here.

This is why the rule of thumb when it comes to crypto is that you don't invest any more than you are able to lose because the market is always changing and there are coins that increase in price constantly and those that crash as well. It is very volatile.