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

  • Thread starter Thread starter Braga13
  • Start date Start date
Before buying any cryotocurrency,you first need to know the value of the coin and also make a good research on the coin before buying.
 
When I am investing in crypto currency, I check the coin market cap and see the market cap of each currency as well as the price history. Normally, I try to choose among the top 20.
 
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.
 
Yes, there are many factors to consider before deciding to buy and invest in a cryptocurrency. For starters, I would conduct extensive research on the cryptocurrency I intend to invest in. I'd look at the coin's value or worth, as well as its growth potential and transaction volume.
 
Unfortunately the most important thing I look for when buying a particular cryptocurrency is the uses, that's all, a cryptocurrency with the better use case is the best for me because it gives you an opportunity to enjoy a better profit on long-term purposes.
 
Peterlight said:
I don't really do much investigation... I just check what people are investing in and go for it
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Wow but I think before investing in crypto coin the necessary things you are expected to do Is do research and analysis to know whether the coin has good future value.
 
Nowadays I only chose to invest in trusted cryptocurrency projects. Those are the ones. I know we can't be hundred percent sure about the legitimacy of a particular crypto project but it is a risk we must take
 
The project is one of the many things I look at when I see the white paper. you also need to look at how serious the team are to make the project successful.
 
The tokenomics, the team and potential are the three most important factors that I check on any cryptocurrency before I am going to make any investment
 
I always try to look at price action and how it has traded on high time frames. This is going to give me an insight to where prices going to go and then follow with accordingly.
 
From the look of things it is almost impossible for you to completely avoid scam project in the crypto space. So many people are lucky to just invest in potential cryptocurrency after their research. I look at the circulation. I only looked at who is holding the highest percentage of the cryptocurrency let's really play and important factors in determining a potential crypto-currency.
 
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
 
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