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

[Bookwormlux]

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.

Sure, you are right about this. Without due diligence, one would end up buying at the wrong time. Like I read from an expert's reviews, it is not good to buy when the price of the particular crypto currency is at all time high. You have to wait for it to drop.

 

[Jomarie05]

You need to consider the fee of bitcoin per before selling or buying some of them have a trading free in some platform make sure you know the platform percentage of fee before buying or selling bitcoins specially if you transfer because blockchain had a huge fee.

 

[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.

Before I buy any Cryptocurrency, I first consider it's acceptance level or rejection level. imagine buying a coin that you don't have anyone to sell it to. Also, I consider the rank of the coin on blockfolio to see whether it's a coin that has good future prospects or not before wasting my money or effort on it

 

[LaylaG]

There are factors you need to consider when you buy and sell cryptocurrency just buy cryptocurrency when the prices low and sell it when the prices is going up there is no rule you just need to be careful and do not be greedy. That is the rule of the following

 

[M Amin]

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.

RSI curve can give you a good prediction about entry time of any cryptocurrency when it is below 40 you can save it is the good time to invest in cryptocurrency and wait for a good pump.
Throw this I mostly gain profit.

 

[Alexandoy]

I am frank when it comes to investment that I have to admit that I have no Bitcoin or any other crypto currency because I am still in the learning stage. When the time comes that I happen to discover the factors affecting the volatility of the Bitcoin with the movement of the price then I would probably invest even $1,000. But for now my quota for a potential investment is only $10 for a trial and probably a better way of learning hands on.

 

[Tariq Shehzad]

As 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 about the cryptocurrencies. You should be well aware all about these factors and changing trends.

 

[Adetayo100]

Some Few Things to Consider Before Investing in Digital Currencies Are; How much you want to invest, Your risk tolerance,How you will store your digital assets,The community behind the coin, Where the digital currency is heading to.

 

[Sarfraz Ali123]

Following strategies should be 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.

 

[ossai]

Thinking of investing in Bitcoin?

This post will outline some things you NEED to know before you buy.

We’re going to explain:

• The basics of investing in bitcoin
• Why it needs to be taken seriously
• How to buy bitcoins (with credit card or bank account)
• How to protect and properly secure your bitcoins if you do decide to invest

Post automatically merged: Jan 27, 2021

The difficulty of buying bitcoins depends on your country. Developed countries have more options and more liquidity.

Coinbase is the world’s largest bitcoin broker and available in the United States, UK, Canada, Singapore, and most of Europe.

 

[Abibatabosede]

Before purchasing any coin you must search for the history of the coin. Also you must consider the amount the coin is sold and bought and before investing you must review the site the coin would be purchased and sold

 

[Tariq Shehzad]

As 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 about the cryptocurrencies. You should be well aware all about these factors and changing trends.

 

[Abelcairo43]

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.

 

[idhans]

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 invest in any cryptocurrency it is very important to check the history of that coin to know how long the project have been in existence. Analysing their price movement is also very important before you make any move.

 

[Oliver 20]

The amount you need to contribute.

Your danger resilience.

How you will store your computerized resources.

Where to purchase computerized monetary standards.

The people group behind the coin.

The innovation and its worth.

Where the computerized money is going.

The venture's whitepaper.

 

[Riniyke]

You should have a history with the cryptocurrency buy studying it technically and checking the market sentiment, knowing when the selling and buying is higher or lower before trading.

 

[Jomarie05]

Loook at the history and successful projects carried by the company behind it and of it is already existing coins check out the trade volume, I also determine the potential value of the coin.

 

[btaliat]

The factors to consider before buying cryptocurrencies is to check the chart history of the coin, its performance over time, and its current price and positive predictions about the coins. All thses must be considered before buying coins.

 

[Draysongz]

In buying and selling your crypto, you have to consider certain factors. You have to make sure, the coin you're buying has a tendency to increase in price value and market cap value. You have the know the right time to buy and the right time to sell

 

[MarieArie]

As with making any investment, the first question worth asking yourself is how much you want to invest. At this step, it is important to ensure that you are not investing more than you are willing to lose, and that you are not putting yourself in a difficult financial situation. For those that recently entered the digital currency landscape, or are yet to begin, there are many factors worth considering.