Before buying crypto things you should know?

[Ashu]

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.

 

[Turgut]

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.

 

[summan]

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.

 

[Axad. Mrb]

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

 

[Davis]

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.

 

[Abisola]

Bitcoin is volatile. Okay. ...
Bitcoin is transparent. ...
Bitcoin can be a bubble. ...
Bitcoin is for everyone. ...
Bitcoin is not anonymous. ...
Bitcoin is taxable. ...
Bitcoin is widely accepted as a form of payment. ...
Buying Bitcoin is easier than you think.

 

[Aotosyno]

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.

 

[Profwriter]

The most relevant information you need to know before investing into cryptocurrencies is the one related to your investment or how you should make your investment. You must understand that cryptocurrencies may not make you a million dollars overnight.

 

[Damismiling]

Reading all through the comments here, I could not be able to pick a geniue point on things to know before venturing into crypto currency trading, please any one with expressive and elaborate guide should please Post

 

[btaliat]

The volatility in cryptocurrency makes it unique. I only want the cryptocurrencies newbie to be careful when getting their coins from vendor or client. They should make sure they go through a verified vendor.

 

[Defaith]

Before you go into any cryptocurrency you have to know their ways of operation because you can't just go into any cryptocurrency without knowing them very well because you can fall into a scam and you have to know which cryptocurrency application you want to invest on don't don't just

 

[idhans]

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.

you have to ask a whole lot of questions and do a lot of background check before you invest in any cryptocurrency. so many cryptocurrencies that people bought have been dumped and a lot of people have lost thousands of Dollars from investing in cryptocurrency.

 

[Eodine]

It is good to know about Bitcoin or any other crypto currency as seen recently when Nigeria banned the use of crypto currency so the crypto market still has its flaws and another aspect is that it is not constant so you might loose

 

[Michaellee]

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.

First you need to know the history of the coin ,what it is build on, and the know where to buy them. After that study if the coin has potential of rising anytime soon. There are so many coin but has to potential of growing fast , its just a matter of finding the right one.

 

[Damscooguns73]

Concerning things an individual should know before buying cryptocurrency. Well, cryptocurrency is a digital currency that varies and control by anybody. Before buying, you should know and make research of the coin, study it trend i.e it volatility from previous years and months to date, check people's or expert review about such coin and also look out for companies or projects backing up the cryptocurrency coin

 

[Yewande]

I believe one of the first thing to know, is the value of the coin. Check the current value of the coin and the previous value. If you can read charts, it will be an added advantage. With chart reading, you can tell the price movements over a period of time.

 

[Seun4luv]

Do your research before adding cryptos to your portfolio.Cryptos are risky. The uses for cryptos vary. Crypto currency investors use many strategies. Cryptos may fail. Cryptos can vanish. Crypto currency prices can be driven by emotion.

 

[Trojan8]

Before getting a particular coin there are a lot of decisions that has to be made. For one you have to run a technical analysis of the coin you plan on buying. Then you have to make a decision on how much of your total portfolio you plan on investing in a single coin. Then there's also a decision to be made on the trading platform to be used. The most important decision is the technical analysis part as it determines how profitable you will be.

 

[Duzyatan]

Investing in cryptocurrency is similar to exchanging your money in a new country. Bitcoin, Litecoin, and Ether are a few examples of “foreign currencies” that work in a very specific context within certain online communities.
Exchanging any type of currency is built upon shared trust. We value dollars and Euros because we know that we can purchase goods or services with them.

 

[MRizwan530]

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 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.