What are the aspects that you look at before buying a currency?

[Braga13]

There are some factors that must be taken into account before investing in currency ... For me I look at the currency project. The volume of transactions. And how famous it is .

 

[hani20980]

of course the coin project is very important and also the daily volume and exchanges

 

[Ureka]

Well alot actually, look at the price, look at its value, how valuable it has been?, How popular and how used is it for transaction, I also try to predict the future, if it will be valuable in the long run or not.

 

[Niftyyem]

What I look out for first is the details of the project and also importantly, its history and trends over time. The value of the currency is also very important.

 

[Vladv26]

I take a look at the team behind the project of that coin. Generally if the team had other successful projects in the past the chances are this project is also going to be successful.

 

[Peterlight]

I don't really do much investigation... I just check what people are investing in and go for it

 

[Ojonuyo]

There are numerous factors to consider before buying cryptocurrency. according to me my number one factor is the risk involved in the investment, majority of crypto currency is accompanied by the great risk of losing your money at any time. Next thing I consider is the price worth, although they said higher price comes with high returns, i still prefer lower price to low returns.

 

[Sake]

Before buying a Cryptocurrency i wl first check if it's going to be profitable. Yep i google the growth potential of a coin because im no expert. Check the values all time high and low. How much can it grow in the future? How much is in circulation right now? I check the Supply cap, has it been rising these past month or falling? Pretty much that's it

 

[Kinglegend01]

Yeah there is alot of aspect to look at before deciding to buy and invest in a cryptocurrency, for one I would make a long and proper research on the cryptocurrency I want to invest in. I would check the value or worth of the coin, the growth potential of the coin and volume of transactions.

 

[Sotherefore]

Yeah there is alot of aspect to look at before deciding to buy and invest in a cryptocurrency, for one I would make a long and proper research on the cryptocurrency I want to invest in. I would check the value or worth of the coin, the growth potential of the coin and volume of transactions.

investment in cryptocurrency sometimes can be very risky if you don't know how to invest properly, and for you to decide on which crypto to invest on your needs to bear in mind that investing in and for long-term investment and short term investment is completely a different thing,if you want to invest as a long-term investment then you can consider a cryptocurrency with lower price that may not have value now but if you want to invest on a short-term investment then you can consider a cryptocurrency that has value and is still moving up day by day.

 

[tuna89]

Understanding the basics of crytocurrency as a whole is very important, do make sure to study the indicators that cause the currencies to rise and fall in value, understand how the major exchanges like binance, coinsbit etc function, also do make sure to buy when the currency is on a low value, then hold till there is an increase.

 

[joy101]

There are many factors I look before investing on Cryptocurrency, I look at the currency project, the volume of the transaction how it works before thinking about in investing into it, and it very important to study it.

 

[Adebayonle7]

You have to study the details of a currency clearly and understand it enough. Currencies rise surprisingly and most often fall dramatically too! You need to understand what causes or influences these changes. If you can't, or you've tried but did not understand those concepts, be sure you have an expert who can help you out voluntarily or you can pay to learn. It's worth the sacrifices of time and money.

 

[Khezo]

Before buying a crpto currency I like to look at the growth history of the coin. The way it started, the movement and how strong it is at the current moment. All this things are put into consideration beofee I buy any crpto currency

 

[Janita]

• Forex exchanges allow for 24/7 trading in currency pairs, making it the world's largest and most liquid asset market.
• While it is the largest market in the world, a relatively small number (~20) of currency pairs are responsible for the majority of volume and activity.

 

[Josemendez]

Yeah , before I invest in any coin , I do the following things ; I will read the white paper or atleast read the reviews of those that have read their white papers.
I will check their market cap , the circulating supply and the total supply .
Coins that do have unlimited supply us not usually for me .

 

[Mrallison]

I look at the amount at hand and compare it to the value of the currency at the point and i also look at the increase or decrease in value of currency in the past

 

[Damscooguns73]

concerning the aspects or factors to buying a coin. Well, an individual has to research on the cryptocurrency coin or any investment is going into, know some of the big project and companies backing them up and study their trend

 

[Erik4150]

There are lot of factors to consider before investing in a crytocurrency. You need to look at the growth pattern of the coin, if it is a coin that is highly unstable then it is not good to invest. You also need to check the market cap of the coin before buying it.

 

[Abigael]

There are some important factors to consider before buying any crypto currency. One of them is the level of popularity of that coin. You should go for one that is well known and you can get market whenever you want to sell it. The second and last factor is the probability of the coin price increasing. You should do proper analysis so as to buy something whose price has a high probability of increasing so you earn the profits.