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

[Josephjossy]

There are many things to consider, first, you need to know how much to want to invest and you will know which crypto to buy, then you will study how it works, it is all about buying at low price and sell at higher price. That how it works

 

[Bookwormlux]

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.

That is the beauty of crypto currencies. Only people who are patient enough reap big, that is why it is not advised to invest money that would be needed for some urgent needs, rather it should be money you wouldn't be needing soon.

 

[Josephjossy]

There are many things to consider before buying a crypto currency. First thing to consider is the price and the amount I want to buy. First you need the know the current price of the currency. You need to know if the price is high or low. Secondly you need to check the withdraw fee .

 

[Tundeoguns1]

What factors do you consider before selling or buying your crypto currency. Well that's a nice question. Well one must consider alot of factors before selling or buying a crypto currency. One consider the rate at which he or she is buying it and one must also think whether it be a gain or a loss. To me I think that's the major factors.

 

[Debola]

10 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.

 

[Asma]

before buying crypto currency i considered the value of coins, its demand and trend because crypto's value continuouslt flaxtuate, before buying the major factor will be consider is its vlue.

 

[Victor001]

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 buying or selling crypto, first consider the direction of the market, is it going uptrend or downtrend. Is it at the support region or at the resistant region.
Its not good to enter when the market is fluctuating, most times news affect the currency flow.

 

[redpogi16]

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?

 

[Blessedsam60]

What I consider before buying or selling my crytocurrency is the world market fluctuations, the global economic news updates and the recent value and previous value of the coin with some time framing.

 

[Thosynho]

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.

You are right with your assertion here. You do not just decide to either sell or buy crypto currency. There are things to be considered. For instance, when you want to buy crypto currency, you need consider the rising of the currency before buying it.

 

[Bookwormlux]

Before buying or selling crypto, first consider the direction of the market, is it going uptrend or downtrend. Is it at the support region or at the resistant region.
Its not good to enter when the market is fluctuating, most times news affect the currency flow.

Yeah, but if it is a period where there is a drop in price and other people are afraid of investing, I think that is a clear indication of a good time for you to invest. Crypto currency demand risk taking.

 

[Sana Diyar]

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.

cryptocurrencies such as Bitcoin, Ethereum, Dash, Litecoin, and Monero over 2010-2018 using weekly data. The study employs ARDL technique and documents several findings. First, cryptomarket-related factors such as market beta, trading volume, and volatility appear to be significant determinant for all five cryptocurrencies both in short- and long-run. Second, attractiveness of cryptocurrencies also matters in terms of their price determination, but only in long-run. This indicates that formation (recognition) of the attractiveness of cryptocurrencies are subjected to time factor. In other words, it travels slowly within the market

 

[Samuel77]

According to my own point of view, the factors to be considered before selling bitcoin or buying Bitcoin it's for you to consider the interest rate if it's up to your choice, because sometimes the longer you wait the higher you get. Bitcoins it's a very easy business

 

[Mehmad]

It's best to start out investing in mutual funds or exchange-trade funds rather than individual stocks and bonds until you get your feet wet. These types of funds enable you to invest in a broad portfolio of stocks and bonds in one transaction rather than trading them all yourself.

 

[KENDRA2020]

photos one should consider while trading or buying bitcoins a lot of things one have to consider one the name of the coin where it has been how is going to be and where is going to be at the end of the day so one just has to be very very careful when buying Wisconsin

 

[Dowenship]

Huh! Before I think of buying crypto I always try to look at the market to see and to know if the coins have drop the particular coin I intend in buying rrson being that I will be able to afford when its still low than its high price.

 

[Victor72]

the factor to be considered before buying or selling bitcoin is to know the interest rate of the coin in question also you are suppose to know how to make transaction on cryptocurrency application and also you need to know how to invest.

 

[Ayanali]

Change Your Environment. Get out of the house and go somewhere new.
Learn Something New. ...
Create a Vision Board. ...
Get Back to Nature. ...
Visit Your Local Bookstore. ...
Try a New Creative Art Form. ...
Keep a Notebook to Jot Down Ideas. ...
Learn About the History of Your Craft.

 

[Josephjossy]

There are many things to consider before buying or selling crypto currency, crypto currency is all about buying low price and sell at higher price. So you need to to know the right coin to buy at the moment and the best price to buy it, then you will know the price in which you will sell.

 

[Muhammadawais]

Cryptos are by no means only one commodity that hackers have to hack, but Bitcoin is followed by serious fraud and theft issues. For example, novice Bitcoin investors don't always realize the need to store their tokens in a digital wallet, leaving them vulnerable to hacker theft.