Before buying crypto things you should know?

[Elisha]

Cryptocurrency and Bitcoin is trading is volatile but the first step one should consider is to go for research before starting any cryto business

 

[Bookwormlux]

One thing that some people do that's not encouraged is taking loan to invest in Crypto Currencies. This is very risky and should be avoided as you can't tell what would happen.

 

[tyrim88]

Cryptocurency does not have a central control,which in most cases the prices is kept in the hands of speculators to determine.And also because of its inherent nature,the exact value is hard to come by.It can be use by fraudsters for money laundry and use for other things that are mostly prohibited.
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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.

These facts are true of cryptocurency,because of its decentralise nature it could be a source where some fraudulent individual use it for money laundry.And also the velue cannot be properly evaluated,because of its underlying nature,making it possible to be manipulated in the open market.

 

[Sotherefore]

Research is always one of the first step to take if you are thinking of investing your money in cryptocurrency especially for long-term investment because researching on the best cryptocurrency to invest on will guarantee the safety of your money and could possibly make you to have profit in the future.

 

[eLdavis]

This is really good. Many people just rush in to buy crypto without actually knowing and understanding how it really works. They feel it is a sure way to get rich. I once had that mentality before. That once i start buying crypto all my troubles would be over

 

[Ub40]

Of course we all know the answer to the above subject matter and I don't have contrary answers. I know that bitcoin, or any other coin for that matter, is volatile in nature. I also know that there are risks involved. I also know that I should stake what I can afford to loose, plus every other points raised above. Being aware of all these points will really guide one in the Crypto journey. Good topic.

 

[Alexandoy]

I will agree that research is important when investing in crypto. But crypto is tricky because there is no sound basis why the price is fluctuating. It is not easy to guess if the price will go up although many are in positive thought that the price will make a rebound soon - that soon can be a month or a year maybe.

 

[Josephjossy]

You need to understand how crypto currency works. You need to first learn how to trade crypto and how to invest on crypto. You need to know the right time to invest and the right time to sell. Remember not to invest how much you can't afford to loss

 

[Setho]

It is important to know that crypto is some very volatile stuff and is not a free money or get rich quick scheme. You should also know a lot about the coin you are buying.

 

[Lens]

It's is no longer news that cryptocurrency is a volatile business or investment. If you want to dive into it , you should be equipped on the news making rounds in the cryptocurrency market. You should be able to use technical indicators effectively to pull a successful trade

 

[Justin]

If you are investing on popular currencies like bitcoin and ethereum, there is not much to think about. However, while investing on smaller coins, you need to do a lot of research,

 

[Setho]

You actually have to be very careful when you are buying crypto. You should check the project and know why it was being created. Then you should check the white paper.

 

[Nomad]

Check your country law. If your country is not allowing crypto currency investment, you should think twice before investing in crypto currency. You also need to check the exchange platform whether it is legit in your country or not.

 

[Senator]

Of course,on businesses, especially those engaging in the trading of cryptocurrencies or the foreign exchange market, you are always told to invest what you are comfortable to lose

 

[Kelly5]

Before reading or investing on any cryptocurrency, you should have your strategy that works for you and don't jump from one strategy to another because you'll end up not making anything that way

 

[tyrim88]

That said, we’ve put together a list of seven things you should know before buying Bitcoin. While this article focuses mainly on Bitcoin, most of the following issues are also valid for a wide range of cryptocurrencies available on the market.

There are things which are common to all cryptocurency coin,they are volatile and the value can swing at any time.One need to look out for those behind the coin,they also need to look at the number of years they have been in existence and the performance during that period.

 

[Josemendez]

Of course,on businesses, especially those engaging in the trading of cryptocurrencies or the foreign exchange market, you are always told to invest what you are comfortable to lose

True but one does not invest with the fear of losing. With a good strategy and plan , one will surely make profit from the Investment .

 

[Jlife]

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.

A lot of cryptocurrency investors do not really go into serious research but what they will do is that ,they are going to invest in a cryptocurrency that are trusted such as bitcoins and ethereum and leave it for a period of years.

 

[akinlolu99]

Assuming you need to wander into the digital currency you need to know the founder, you ought to have the option to disclose to anyone what it is about regardless of whether you are sleeping. People can utilize it for fake behaves like cash laundering. it resembles betting no one can anticipate the progressions when it will rise or fall. Digital currencies merit whatever individuals will pay or trade for them.

 

[Setho]

Before you buy a cryptocurrency you should know a lot of things about it like the white paper the people that are biking it and also its potential for growth in the future