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

[Bart Simpson]

When buying a new coin, you just need to learn about how the coin was created and which crypto exchanges it was listed on, and whether the coin will go on to be popular. Besides this, you can find out how often the coin is actually exchanged on different exchanges as a coin, and how trustworthy the exchange is in order to make sure you are putting your confidence in the right place.

 

[Thosynho]

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 buy crypto currencies after making all my analysis and discover it's going to raise for some time before it falls. Also, I sell my cryptos whenever I discover it is going to fall too for a long time.

 

[Bart Simpson]

The very first thing to consider before purchasing or selling cryptocurrencies is the price or sum at which you can purchase one after verifying this you have to consider the charges that comes with obtaining and withdrawing or getting your cryptocurrency into your wallet and you also, have to know whether the value of the cryptocurrency you're dealing with is currently - or decreasing.

 

[Bookwormlux]

I buy crypto currencies after making all my analysis and discover it's going to raise for some time before it falls. Also, I sell my cryptos whenever I discover it is going to fall too for a long time.

I guess you must have been making profits before deciding to sell whenever you feel the price is going to fall, if not then you are making a mistake. If you haven't made any profits, you should not bother about selling when price drops because they would still rise again.

 

[Joseph555]

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

Post automatically merged: Feb 8, 2021

I buy crypto currencies after making all my analysis and discover it's going to raise for some time before it falls. Also, I sell my cryptos whenever I discover it is going to fall too for a long time.

The world of cryptocurrency can never be calculated cryptocurrency is a centralised currency that is not being controlled so anybody predicting The Fall or rise of cryptocurrency is a clown that should be avoided what do you should have at the back of your mind is that when investing in cryptocurrency you can lose and you can also be profitable.

 

[Hasan Raza]

Prior to purchasing any crypto coin, I generally consider the rate at which individuals invite the coin. Regardless of how new a coin is, a few people will clearly discuss it. Either sure or negative impact of the crypto coin. At that point, which stage is selling the coin? Is it a genuine stage? Furthermore, the conversion scale.

 

[eojo2401]

I don't consider any factors before buying cryptocurrency because I don't know how to study chat but I have a younger brother who is a wizard is that business, he always notify me when to buy or when to sell.

 

[Veetos12]

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 sell my crytocurrencies, i consider a lot of things which are paramount to my financial management. The first thing I look into is how urgent do I need the money and what is the value of the coin at that moment. If an exchange would be possible with a price that will be profitable for me when I sell.

 

[Chibson]

There are many factors to consider when buying or selling of cryptocurrency. It is also very good to look into the history of such coins how good it has been doing for some time. I wanted to sell some of my Bitcoin some days back, but the charges was too much so I had to say to myself that I won't sell again.

 

[Bookwormlux]

Before I sell my crytocurrencies, i consider a lot of things which are paramount to my financial management. The first thing I look into is how urgent do I need the money and what is the value of the coin at that moment. If an exchange would be possible with a price that will be profitable for me when I sell.

So many times z I have had plans of holding my crypto currencies for long, but some urgent needs usually come up and make it impossible and I just have to sell. Sometimes I even sell at a very low rate.

 

[Ebensco]

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.

 

[Veetos12]

So many times z I have had plans of holding my crypto currencies for long, but some urgent needs usually come up and make it impossible and I just have to sell. Sometimes I even sell at a very low rate.

That's what the volatility of crytocurrency is capable of doing which is why I am always confused whether to sell or go and borrow money from a friend and sell when the price is high but no one can determine when it goes up or comes down.

 

[Obaterof]

Where the digital currency is heading
In addition to understanding the value of the underlying technology behind your chosen digital currency or currencies, it is worth considering where the asset is heading. Understanding the motive of the project’s core team or contributing developers can help you envision where the project is heading. Additionally, understanding what these figures hope to accomplish with their coin can help you decide if your ideology is aligned with them, and if their ideas are worth investing in.

 

[Abisola]

While the meteoric rise in the popularity of digital currencies that took place in 2017 undoubtedly inspired many to get involved in the industry, others continue to take a more measured approach. For those that recently entered the digital currency landscape, or are yet to begin, there are many factors worth considering. Whether looking into buying Bitcoin or any altcoin, much of the analysis will start out the same

 

[Josephjossy]

I consider so many things, I consider the currency I want to buy, I consider the price of the currency I want to buy. And I consider if it will go higher on price or lower. The I will check my budget to know if I can afford it at that moment or to wait

 

[Profwriter]

There's a thin line between trading in bitcoin and forex, they work with almost the same principle and tradition, you buy when the price is low and you sell when the price is high. I won't be quick to sell my crypto coins for the next three years.

 

[Bookwormlux]

That's what the volatility of crytocurrency is capable of doing which is why I am always confused whether to sell or go and borrow money from a friend and sell when the price is high but no one can determine when it goes up or comes down.

It makes you to be In a state of confusion. When I needed money to get a phone, I decided to sell at a low rate then just some few hours later the price skyrocketed. It was so bad that day, but I have since moved on.

 

[Veetos12]

It makes you to be In a state of confusion. When I needed money to get a phone, I decided to sell at a low rate then just some few hours later the price skyrocketed. It was so bad that day, but I have since moved on.

This same thing almost happened to me yesterday when I saw my bitcoin wallet in luno draining as my money was going down but I decided to leave it there and recheck later. To my surprise this morning my money has grown bigger again.

 

[Emma Aneni]

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. you also have to know if the value of the cryptocurrency you're dealing with is currently increasing or decreasing.

 

[Shahzaib37]

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 think when we bought aor selling Bitcoin or cryptocurrency it is very necessary to check the rate of currency and investment in it and it is good time to spend money.