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

[Asad Ali]

First I will look at the current value of all currencies And we will see which currency is growing at the momentAnd then I will invest in it so that maximum profit can be earned. By the way, the values of currencies fluctuate.And sometimes everything depends on luck.

 

[BrolySSJ]

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.

The first thing i look at when buying a crypto is the market for that specific coin and how that coin has performed over the last 3 months. If the coin has been constantly decreasing for the last three months then it is a bad investment, however if the coin has been consistent then there is more potential for the coin in my opinion.

 

[Tienda]

I think the important and the first thing you take in consideration is the cryptocurrency price history analyze. Analyzing the coin price chart is very important and influence in taking good decision when you sell, or you buy.

 

[Iamsodex]

All i need do is to know the use case of the coin and how rapid the adoption is, the price movement also is quite important to know if it's a profitable coin. I also follow news related to the coin to know if theres any legal issue with the coin just like the one ripple is facing

 

[roman roxas]

Check first the crypto market if it's bullish or bearish, so your cryptos will go a long way. And before trading or sending it, check first the fees for you to process the withdrawal. You might wanna compare prices of fees from one wallet to another.

 

[Hassan14]

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.

The first thing I will do is look at the prices of the currencies, how much they are worth and what the fluctuations are and what the conditions are going to be. Then I will invest in it so that I can get maximum profit. It can be seen that sometimes the prices of currencies fluctuate and sometimes the rate goes up and down more than what happens to destiny.

 

[Vladv26]

I do some research regarding their products, services, how the project is going and also what the team is saying. This way you can anticipate the future of that coin, and make an idea if it has potential to grow or not

 

[Heatman]

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.

The basic lesson on how to go about cryptocurrencies is that those who sell sooner tend to lose more money than those who hold off from selling too quickly.

The best time to buy cryptocurrencies is when they fall, just like what's going on with Ripples now, it's the best time to buy.

 

[Ojonuyo]

Before you even think of venturing into trading and selling crypto currency ensure you have acquired the required knowledge. You can not know how to sell and make profit if you do not study and learn the skills involved in it. My advice is that you get in touch with someone who knows better than you.

 

[REPLICA]

Before thinking about buying or selling cryptocurrencies like if you want to buy, you need to first study how they work and which major companies are holding some investment there, you may get these informations from cryptocurrencies news or a forum like this. Also before selling cryptocurrencies try to learn about latest trends and get some info about large company sell offs.

 

[Ojonuyo]

Before you even think of venturing into trading and selling crypto currency ensure you have acquired the required knowledge. You can not know how to sell and make profit if you do not study and learn the skills involved in it. My advice is that you get in touch with someone who knows better than you.

 

[Heatman]

Before you even think of venturing into trading and selling crypto currency ensure you have acquired the required knowledge. You can not know how to sell and make profit if you do not study and learn the skills involved in it. My advice is that you get in touch with someone who knows better than you.

There are so many cryptocurrency dealers who can easily buy off from you but it's advisable in terms of getting the full value of your cryptocurrencies worth because they are definitely going to cut some percentage off as their pay for dealing for you.

 

[WhiteHouse]

Purpose of the currency: Before buying any currency you should understand what is its purpose. For what all things we can use that currency and; is the purpose of currency unique and has a great practical use. If the currency serves same purpose which hundreds of others do than its not worth it to buy it.

 

[Mujahid12]

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.

First of all we should check token's price and then its previous price and look chart as well You cannot succeed in cryptocurrency until you have to not read well indexes and charts of price rate and discuss with experience person before invest.

 

[BrolySSJ]

Purpose of the currency: Before buying any currency you should understand what is its purpose. For what all things we can use that currency and; is the purpose of currency unique and has a great practical use. If the currency serves same purpose which hundreds of others do than its not worth it to buy it.

What do you mean by the purpose of the coin? In my opinion the purpose behind most of the crypto seems to be on the same level because there is a consensus that they are being aimed to be used as a form of transaction and this is what will drive the price of the coin up or to be used as a very good tradable coin. What are the other purposes? Are you referring to the platform specific coins like Facebook and Libra?

 

[Akinwale701]

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.

The very first thing I will suggest is checking whether the currency is centralized or decentralized, this helps to know whether one's funds are safe or not. Then check for its future value.

 

[WhiteHouse]

What do you mean by the purpose of the coin? In my opinion the purpose behind most of the crypto seems to be on the same level because there is a consensus that they are being aimed to be used as a form of transaction and this is what will drive the price of the coin up or to be used as a very good tradable coin. What are the other purposes? Are you referring to the platform specific coins like Facebook and Libra?

You know we have centralised and decentralised Cryptocurrencies, you'll agree there's a purpose for that?

We have coins specially made for everyday transactions like Etherum, and we also have Trons that deals with smart contract and the likes, that's what I meant by the purpose. And yes coins like Facebook too..

 

[BrolySSJ]

You know we have centralised and decentralised Cryptocurrencies, you'll agree there's a purpose for that?

We have coins specially made for everyday transactions like Etherum, and we also have Trons that deals with smart contract and the likes, that's what I meant by the purpose. And yes coins like Facebook too..

I see what you mean. Yes i am aware of the centralized and decentralized coins

I think that apart from the purpose of the coin, the future prospects of the coin should be considered. many of the coins that people invest into have clear business plans of how they want to coin to progress and investments that they are making into their own coin and so forth. This also helps in choosing a coin don't you think?

 

[WhiteHouse]

Yes you are very right, the future and the plans made by the creator to achieve the future prospects of those coins is also a very important factor to put in. But generally I think the main Cryptocurrencies like Bitcoin, Etherum and Tron have a very good Future prospect, anything can happen though.

I see what you mean. Yes i am aware of the centralized and decentralized coins

I think that apart from the purpose of the coin, the future prospects of the coin should be considered. many of the coins that people invest into have clear business plans of how they want to coin to progress and investments that they are making into their own coin and so forth. This also helps in choosing a coin don't you think?

 

[Kelvin7656]

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.