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

[Sotherefore]

Buying and selling of the cryptocurrencies is solely dependent on the price of the coin. The pricing is what will portends the buy or sell opportunities . When you have the assurance that it will rise, you buy.

The price is very important yes , but technical and fundamental analysis to know when to buy at the right time is very important, it's may be low no doubt but what if it will keeps on going down ?

 

[Syldan]

There are several factors which needed to be considered like checking out it previous mother transactions record, the numbers of investors and it market chat.

 

[Monster Masterpiece]

There are several factors which needed to be considered like checking out it previous mother transactions record, the numbers of investors and it market chat.

The problem isn't there the main problem is the break down of price suddenly that could happen from time to time then having so much lost in the short time frame as I mean.

 

[Ononivami]

In my opinion the right time to buy and the right time to sell depends on the chart analysis. Using the candlestick patterns would help you in taking such crucial decisions.

 

[Dora Wi]

I try to look at the underlying value of the coin/token for example by looking at their whitepaper and roadmap, as well as see their historical price movements and their popularity. And I always make sure to diversify.

 

[Setho]

I always try to consider a couple of things that are very important to the growth of the cryptocurrency before I make any investment.
1. The team behind it.
2. The chain it is built.
3. Initial offering.
4. The white paper.

 

[Sotherefore]

I always try to consider a couple of things that are very important to the growth of the cryptocurrency before I make any investment.
1. The team behind it.
2. The chain it is built.
3. Initial offering.
4. The white paper.

In most cases good understanding of all these things is not really a guarantee that the cryptocurrency will be profitable in the future , generally cryptocurrency is risk and is left for an investors to decide.

 

[Mayox25]

In buying a coin some of the things to look out for is the market capitalization,trade volume, price trend of the coin, also look for those promoting the coin and it's use case.

 

[Lens]

The supply and demand dynamics will be the major factor that must be considered before buying or selling any cryptocurrency. This is a very important point to consider.

 

[Syldan]

Actually asking questions about the operation of such particular crypto is very important and that will give you an insight about it value, history and other potentials it has.

 

[Setho]

I first of all look at the white paper to see if it is not just a cash and grab project. I am going to look at the community also and how far they are willing to go in order to ensure that the project is successful.

 

[Ononivami]

The factor that must be considered before buying or selling cryptocurrency is the potentials of the cryptocurrency. This is what a good cryptocurrency trader should look at .

 

[Busybee]

You should be clear about the coin, whether that coin is a genuine coin or a meme coin. It's safe to split your investment into both these categories and meme coins do have a great potential to skyrocket. Always look for the market cap and liquidity, check whether the coin is traded continuously with good volume. Otherwise, it would be hard to get your investment back. Keep an eye out on Twitter and social media news feed, they are the major cause for price fluctuations, jump into a new trend, and exit early. Always protect your principal and let the gains run.

 

[Sincerem]

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

These are all important factors to note when buying or selling or even trading your Crypto currency, you should know more about the prospects , if it has a high possibility of yielding profit in the shortest possible time.

 

[Robust]

One can have some many factors to check before either buying or selling a coin in cryptocurrencies. So the first factor for me before buying is to know the history behind that coin, then how will it be valued.

 

[Lens]

Factors to consider before buying or selling cryptocurrency is basically the market value and the demand and supply dynamics that is available on the crypto market.

 

[Bookwormlux]

I try to make sure that it is a coin that has long term potential. This is the major reason why I only try as much as possible to stick with Bitcoin, ethereum, BNB and other top cryptocurrencies.

 

[Gandiba]

Your knowledge about cryptocurrencies is the major determining factor that would enable you to come to the final decision of whether to buy or sell a particular cryptocurrency.

 

[Sotherefore]

Another important factor you must consider I will be the time you are buying this cryptocurrency. Mostly to be on the saver side it is always advisable to buy most of your cryptocurrency on weekend. You will be on the saver side as the market is likely to be bullish as the new weeks sets in.

 

[Ezekiel]

Personally before I buy any token I try as much as possible to make sure,I follow the token. Social media accounts,also make a keen research on the topic,there after,I check it's real life used cases before purchasing the coin