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

[Ayokex]

Firstly I can decide to sell my coin when I've made some profits and I have a feeling that the coin is about to decrease in value. Secondly, I can also sell my coin when the coin is already in bearish run and in order to stop my loss, I'll just decide to sell it.

 

[nimzy]

In buying crypto I will definitely consider the amount, if its affordable at the moment and then sells it out at the time when the price is high and can make profit.

 

[Good-Person]

If I were to deal in cryptocurrencies I would always analyse its value from various angles. For example, I would see its price history, predictions regarding its price, and other factors such as how likely its price will go down or its history of price fluctuation, etc. I will also analyse its transaction fee and how it will affect my trade in any way. These are the key things.

 

[Chibson]

I remember when I ventured into cryptocurrency trading newly, I was always sceptical whenever I want to sell my coins. I will be asking myself what if I sell this coin now and the value increases, this happen for a long time before I learnt that cryptocurrency is something you should always take your profit and not trying to get to the top because you actually go to square one trying to do so.

 

[tyrim88]

For you to check about a coin value,you need to look closely on its chart and understand its trends over a period of time.You need to look at the volume of its traded stock,as this will help you to understand better,and the opinion of others about the coin is also important.

 

[Nomad]

I am not into buying and selling crypto currencies. I earn crypto currencies through various means and I hold my currencies on varius wallets. I am trying to build my portfolio

 

[Senator]

If our are good in studying the various cryptocurrency chats then you should concentrate on the price movement of the coin of your interest to see how it is trending strong or weak before deciding

 

[Felixko]

there are so many factors you can consider when selling and buying of crypto currencies. it is unpredictable but when you study a coin and you know the price is going down and u wish to buy, you can buy it and sell when the price goes up.

 

[Chibson]

The main reason a lot of people do not make profit from cryptocurrency is because they are not patient enough. I am always patient and meet my target before selling mine cryptocurrency.

 

[eLdavis]

Its very simple for me, i check for coins with potential, through the news or the rate at which people talk and buy it. Then i buy at a low rate, then i sell when it comes up

 

[Ralphjoe]

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

We are the saying in this circumstance because when I want to purchase a cryptocurrency I do look at several factors like it's history, it's price range and it's performance since it creation. I will use all these information to guage it's future possible performance.

 

[cowantussie]

Things to Consider Before Investing in Digital Currencies
How much you want to invest.
Your risk tolerance.
How you will store your digital assets.
Where to buy digital currencies.
The community behind the coin.
The technology and its value.
Where the digital currency is heading.
The project's whitepaper.

 

[Good-Person]

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.

What about investing in Tokens? There is a token Thunder Token and there are many tokens like these. I think they are a good investment but they are not as good as top cryptocurrencies like Bitcoin cash, bitcoin, dogecoin, ethereum, Litecoin, etc. The problem is that the current downfall in market has affected almost all the cryptocurrencies right now.

 

[Trexxxy]

First I do my research, to see what projections about the coin are, to know whether I'm making the right choice, or not. I sell if I feel like this coin has no future. It is all a game of chance.

 

[Cash%]

One factor i consider mostly before buying bitcoin is to check if the price of the coin is not on a bullish run but on a bearush ,so i could cut my loss and make profit

 

[Sotherefore]

Most of the things I consider when I am into trading of cryptocurrency is that I always try as much as possible to buy when it is going down and to sell when it goes up, and also there are some cryptocurrency I will never trade no matter how profitable it might be.

 

[Cash%]

I think one of the factor and basis i consider most is the type of crypti currency and if the crypto i am buying is on big exchange platform like coinbase ,binance then i can buy

 

[Aaron625]

First of all , I chose the right exchange required for trading cryptocurrencies , then comes the right time to buy crypto at lowest price possible and sell it at any high price.

 

[richee84]

There are many things to be consider when trading cryptocurrency. For me I consider the market price and also the demand and supply for it in the market. If the demand is high then the price will rise and I can sell out. I also buy when the price has fall.

 

[Setfragil]

There are many factors to consider before buying and selling of cryptocurrencies. Before I buy or keep any cryptocurrency I consider the transaction fee and the price of the cryptocurrency and also the value of the cryptocurrency.