Before buying crypto things you should know?

[Bousine123]

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.

Research is important op. But patience is also a factor. You must know that the crypto world involves a lot of volatility, so patience should be a virtue for you.

 

[kayode10]

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.

Majority of the people especially the new traders fails to do proper research before they invest in an asset. this usually makes them to lose a lot of money at the beginning.

 

[Senator]

Yes it is a good thing to do your research properly on any of the cryptocurrencies you intend on investing in so as not to be taken unawares of the risks involved in your choice of investment

 

[tyrim88]

Before buying any cryptocurrency, make sure you do your research. It's not all coins that can be traded. Some of these coins fail, some may crash or vanish. So one must make research on the coin if it will last and yield profit.

It very instructive to do a thorough research on the cryptocurency coin that you wants to invest into,because there are a lot of coin without a potential to actually grow in the nearest future,and buying into such coin would be a waste of resources.

 

[Yusuf]

It is very important to get knowledge before even going into crypto currency exchange Business. It's very important to know more about technical analysis and how to read chart to make money from the market

 

[Didosky]

Wow! I never knew i would come across a post that is as helpful as this.. there are alot of things to understand about this market. Investing is a choice

 

[GIFTMICHAEL]

* Always check for the last seven days of the coin's supply price value.

* Check for the last seven percentage

* Read updates to ascertain which coins experts are recommending.

 

[Oliver4smile]

Confirm the efficacy of the cryto or anything related that you want to dive into online, there are numerous scam crypto around, check for reviews and look out for fake reviews.

 

[Ruth]

Cryptocurrencies are very risky. When you are new, you have a high chance of losing money. I would advise that before you buy currencies, your should research and learn more about them.

 

[Thinker009]

Yes you should always note that cryptocurrency is very risky , and you need to invest with caution before even thinking of making any profit from cryptocurrency

 

[Chibson]

Running a technical analysis and fundamental analysis of the cryptocurrency you want to buy is very important because it helps you know more about the coin you want to invest on.

 

[Bookwormlux]

Intending crypto currencies holders should make sure that they really understand the risk involved. This would make them to be better prepared.

 

[nimzy]

There are alot of things you should know or always consider befor buying any cryptocurrency most especially you knowledge about the operation of cryptocurrency, how to tackle issues when it arises when to buy and when necessary to sell. that's making constant research.

 

[Kaffyfolla]

You need to do your research very well before you buy any coin because some coins has not been listed in the capital market

 

[Shigobad2020]

Are you thinking of buying Bitcoin for the first time? You’re not alone. In fact, it may sound like the obvious thing to do given its wild price swings and the growing number of people who use Bitcoin and other digital currencies for everyday purchases. But you cannot just dip your feet into the growing

I am into buying bitcoin for sometime now and i think buying bitcoin on weekend makes the price somehow low while buying it during the week gives you a high price,

 

[Jlife]

When I am buying a cryptocurrency only consider the total supply of the coin because that is what will determined if the coin is likely to be profitable or not, one with so much total supply may not be the best.

 

[ahmedo24]

When I am buying a cryptocurrency only consider the total supply of the coin because that is what will determined if the coin is likely to be profitable or not, one with so much total supply may not be the best.

Actually that's a very strong point to lotus especially if the coin is not a shitcoin if the supply is low that means it will rise faster but it is too high it may take a longer time.

 

[nimzy]

The first thing before going into the business of cryptocurrency you are expected to have a better knowledge and understanding about the crypto market that's go for research that will make great benefits that may not be scammed or end up losing.

 

[Skysaint]

You just need to know virtually everything a trader needs to know...
You could make profits, you could make losses, the coin you so much have faith in might not turn out as you hoped, crypto may vanish, some coins might depreciate in value and never rise... There are just risks to be aware of

 

[Jlife]

Actually that's a very strong point to lotus especially if the coin is not a shitcoin if the supply is low that means it will rise faster but it is too high it may take a longer time.

Yes if a particular cryptocurrency has a higher total supply then the cryptocurrency may not likely to reach $1, a coin can only be valuable in the future when they have a lower total supply just like bitcoin having about 500,000 or so.