How to research coins to invest in!!!!

in crypto •  8 years ago 

Check www.coinmarketcap.com. This platform allows to see ranking, volume, and supply of a coin. Then go to Google and research the coin and click on news. When Positive news that comes up about a coin people buys that specific coin and its price goes up. When the coin is bought more than it’s sold the price of the coin goes up, and the opposite is true.

Before investing you have to look at the coin like a company and ask yourself the following question:

  • What's the company's mission statement?
  • Does this coin serve a purpose?
  • Why would people buy this coin?
  • Is this coin listed on major exchanges yet?
  • If this company did not have a coin and you are an investor looking for a good opportunity, would you invest?
  • What are the coin's reviews?
  • Are the developers keeping up with the project?
  • How big is the market cap?
  • What is the total supply?
  • Do you they have big announcements coming in the future?
  • Do they have a strong community?
  • Does this coin have competition?

The key is to make educated decisions. Stop DUMB trading!

Last but not least, let's get that money!

Failure is not an option.

crypto trading invest
8 years ago by

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      ·  8 years ago 

    If it's about a new coin you should definitely look into their community, how active is and whether or not they are "brainwashed" and living in a bubble or they really see the potential in the said coin.

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        ·  8 years ago 

      awesome & very informative post @ehujra
      its a real guidline for new traders & cryptomoney investors
      thank you for sharing

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          ·  8 years ago 

        Welcome

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            ·  8 years ago 

          This post has received a 4.50 % upvote from @booster thanks to: @ehujra.

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              ·  8 years ago 

            Good post Thanx for sharing. Good points. Upvoted.

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