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

[Prettybabe]

Cryptocurrency is the in thing these days but before going into cryptocurrency, here are a few things you will need to consider.

1. What really is cryptocurrency?
2. What are the risks associated with buying cryptocurrency?
3. Where are you going to store it?

 

[BrolySSJ]

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.

Yep. One of the crypto that apparently is supposed to have good predictions for the course of this year is the LINK coin. I read an article on coindesk that was actually saying that there is a crypto analyst that thinks that this coin may actually have the brightest future for the 2021 year. It was quite interesting.

 

[Sake]

Before i buy a crypto im always looking at the graph first and do some research and get different opinions from my friends and people i know that's more knowledgeable about this kind of thing. Same thing with selling them i asks a lot if it's the right time to sell now or is it too early to sell?

 

[Ridorz]

Bitcoin is the best and good cryptocorrency to invest on. Anyway, if you want to u
Invest on any cryptocorrency make sure that you make a research on the cryptocorrency to know maybe it Worth to invest on it by by get the information from people.

 

[Ojonuyo]

The first thing to consider before buying crypto currency such as bitcoin, ethereum or ripple consider the price at that moment, if it is low go ahead and buy. To sell it out, check the worth if it's high, go ahead and sell it out to make you profit.

 

[kayode10]

You need to check at the market before you decided to buy or sell cryptocurency. You need to watch the demand and the supply as these are basic driving force that drive the price of good and services. You should buy the cryptocurency you want to invest when the price is heading south, and sell when the price skyrocket.

 

[shakky2]

when buying crypto currencies,you should make sure you buy in a period when crypto has fallen while when selling,it should be a period when crypto currencies has risen to be able to make reasonable amount of profit

 

[Sammyesx]

First thing to consider is the value of the coin, after that you consider the price, the best thing to do is to buy at low price and sell at a higher price so as to make profit, you should also consider future projection, to know if it will good to keep for long term.

 

[Kiwi]

I have zero knowledge in this topic, but I have learned a lot by reading the comments. Thank you for the people who shared their experiences.

 

[tuna89]

There are various factors that need to be understood before investing and holding any crypto, one of those factors is the previous prices or price history, if the value has been stable and the extent of dwindling or instability, the developers' activities are also an important feature as well as the total supply and the supply in circulation.

 

[moonlight]

First of all, you would need look at the exchange rate and consider what you're going to get. You should also confirm, however, how authentic the cryptocurrency site is. How legitimate the individuals you are dealing with are. There are some aspects that come to mind before purchasing and selling.

 

[Taimoor Jutt]

Before buying we should see that the price become low and will increase after a day or two, then the currencies coin will be cheaper, so but before selling we should analyze that the price of coin become higher and it will decrease from now so sell them. This is the basics of trading either online or offline.

 

[Shivay]

First of all, I analyze the market of that coin. If the graph seemed to be low and is predicted getting higher heights, so i purchase it. I only see analysis, amount and quantity while purchasing and selling.

 

[GoldenLady]

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

I agree with these requirements when buying and selling cryptocurrency.

The history is important especially in the last 3-6 months, so you can have an idea of how well the coin is performing in the market.

 

[chicnthin]

What I normally do is check the chart and see the recent price movements to decide whether I'm gonna buy, hold or sell. The next thing is look for news about crypto, economic etc, to see the fundamental analysis.

 

[Chris]

Before buying crypto coin, I check out the price prediction of such coin and read through it, if it favorable, I'll check out price chart to see how the long behaved within the previous days or hours, next I look out for how readily people are willing to buy such coin, is the rate of demand high or low.

 

[Farrukh Riaz]

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.

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 most important thing before buying a cryptocurrency is to get complete information about the currency you are buying. In addition, you can buy cryptocurrency with the help of an expert. If the cryptocurrency you have started to grow, you should put it up for sale to a certain extent.This method is necessary for buying and selling cryptocurrency

 

[ahmedo24]

The most important thing before buying a cryptocurrency is to get complete information about the currency you are buying. In addition, you can buy cryptocurrency with the help of an expert. If the cryptocurrency you have started to grow, you should put it up for sale to a certain extent.This method is necessary for buying and selling cryptocurrency

You should have a target before buying a Crypto currencies if you have make studies about the coin, don't also set higher target as a beginner in the Crypto investments. If one is very very strategic you may not need the service of any expert.

 

[clandongan]

The trade value of a crypto. Of course if it is for everyone. If you think of it is as an investment, you don’t need to be an accredited investor to get it. If crypto currencies is taxable.

 

[Bilal0087]

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.

Investment in cryptocurrency is always very risky so before buying any type of coin look about its complete history, road map, market value and its demand and supply in the market.
For confirmation, also ask some experts to avoid any type of money loss.