What factors do you consider before buying or selling crypto currencies?

[Bookwormlux]

Before you buy or sell crypto currencies, what are those factors you consider before finally deciding on whether or not to go ahead. I hope many members share so we can all be enlightened.

 

[hani20980]

There is a lot of factors like checking the project of the coin and the team behind it and studying the chart and price movements

 

[Anis Boukezzoula]

you should have a vision about the history of this crypto, also it's better to ask different people everywhere (forums, social media..).

 

[hani20980]

you should have a vision about the history of this crypto, also it's better to ask different people everywhere (forums, social media..).

thtat's right but you should ask the right peoples there is a lot of scammers in social media

 

[ahmedo24]

If it is a new coin obviously it won't have history but you just need to know more about the history and successful projects carried by the company behind it and of it is already existing coins check out the trade volume, market cap and price trend

 

[Niftyyem]

For the coins to buy or sell, I look at its trend, trade value and people's opinions.

 

[Bookwormlux]

you should have a vision about the history of this crypto, also it's better to ask different people everywhere (forums, social media..).

Thanks for this. I have been able to learn much about crypto currencies on forum posting sites like bizdustry and I am happy to have utilize this opportunity.

 

[ahmedo24]

I have been able to invest in the different coins and this has made me to watch the prices of the coins keenly including others that I didn't invest on. Investing require patience.

 

[Josemendez]

As for existing coins , I will check their charts while for new coins I will read their white paper and check the company behind the coin.

 

[ahmedo24]

There are several things one need to consider before you start selling and buying cryptos.

Yeah there are factors , but you should have mentioned some of those factors you feel should be considered to make the conversation comprehensive.

 

[Ralphjoe]

The price of the coin is my greatest factor to consider, if the price has gone high enough to reach my target price, then I will sell my Cryptocurrency at the right price.

 

[Lagazine]

Before buying any crypto coin, I always consider the rate at which people welcome the coin. No matter how new a coin is, some people will surely talk about it. Either positive or negative effect of the crypto coin. Then, whoch platform is selling the coin? Is it a legit platform? And the exchange rate.

 

[Golden_ear]

The first thing I do consider is to check the market structure. After the market structure i try to check the demand of the market. Then I will consider selling if the price is high. And if the price is low I will consider buying. And most time I do invest my Bitcoin in my investment wallet address.

 

[ahmedo24]

If you want to do business in corrupt currency then there are a lot of people who come to the market and buy it and keep it when the price goes up.

I want to believe it a typographical error with the word "corrupt currency" if it is not error please share with us why you call it a corrupt currency because lots of people are embracing.
We are open to learning share your opinion.

 

[Peterlight]

When I want to buy a crytpo currency, I first check the history of the coin, then I check the chart to know how the coin have been doing for a long time before I buy the coin

 

[Dubai]

Firstly, you have to look at the exchange rate and know what you would be getting. However, you should also confirm how genuine the crypto currency site is. How legitimate are the people you are transacting with. These are some factors that comes to mind before selling and buying.

 

[Sincerem]

Before you buy or sell crypto currencies, what are those factors you consider before finally deciding on whether or not to go ahead. I hope many members share so we can all be enlightened.

I consider evaluating the price of the coin, if its high enough or not. I also determine the potential value of the coin, if it will rise or not. So when I cross check all this stuff, I will now determine which, I'll invest my money with.

 

[GoldenLady]

I'm very careful in buying and selling crypto. It's volatile and unpredictable, but when you look into the history of a coin, and it's developers, you can tell if it will be a worthwhile investment.

 

[Bookwormlux]

I'm very careful in buying and selling crypto. It's volatile and unpredictable, but when you look into the history of a coin, and it's developers, you can tell if it will be a worthwhile investment.

I agree with you. I do not bother investing in new coins because I am not sure of their potentials. But coins like Bitcoin already have the potentials and I have nothing to fear.

 

[Eyiteepraise]

The first thing you need to consider before buying or selling cryptocurrencies is the price or amount at which you can acquire one and after ascertaining this you have to consider the charges that comes with acquiring and withdrawing or sending your cryptocurrency into your wallet and you also, have to know if the value of the cryptocurrency you're dealing with is currently Increasing or decreasing.