Hi steemians,
I always talk about the golden rules of buying any crypto currency.
I remembered long ago I have explained them on my blog but let's just overview it briefly.
These are some of the fundamental factor on which i want the currency to qualify before I buy it.
MINEABLE
There are hundreds of coin out there but the basic principle to buy any coin is to check wether it's MINEABLE, PRE-MINED or ASSET.
I personally prefer only buying mineable coin because of golden supply and demand rule, the price of all other asset can easily be manipulated by developers by easily throwing bunch of extra coins anytime in the market.
RANKING
You can use any other source I use coinmarketcap to check the ranking and the filter is, it should be list on 200 top coins list as per trading volume.
This filter is best because it shows the possible adoption and long term authentication of that coin.
EXCHANGE
The coin you want to buy and hold must be listed on at least one of the top crypto currency exchanges.
This is important because if you need to cash out your earning or investment any time you can easily do it.
These are the top golden rules or filters I used before buying or investing in any Crypto currency. The currency that qualify for these rules always have a long term growth potential and you can verify my words by going through market data.
Thanks for Reading.
I will remember these Golden Rules now.
Thanks for sharing.
Resteemed
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this is the great way to use crypto-currency, you have discuss about the main theme here, very interesting @uxair
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Gracias por tus consejos!! Buen día
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This post has received a 0.31 % upvote from @boomerang thanks to: @uxair
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You got a 0.38% upvote from @postpromoter courtesy of @uxair!
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0.39% @pushup from @uxair
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Sneaky Ninja Attack! You have been defended with a 0.33% vote... I was summoned by @uxair! I have done their bidding and now I will vanish...Whoosh
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This post has received a 0.52 % upvote from @drotto thanks to: @uxair.
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Thank you @uxair for promoting this post together with https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals
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This post has received a 0.42 % upvote from @booster thanks to: @uxair.
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Good job! Thanks to @yuni28 you have planted 0.13 tree to save Abongphen Highland Forest in Cameroon. Help me to plant 1,000,000 trees and share my Steem Power to the others. Selfvoting is prohibited, but that should be the reason to spread the world to protect our precious environment. Check out profile of our conservation association @kedjom-keku and the founder/coordinator @martin.mikes to get more information about our conservation program. My current SP is 14450.22. Help me to plant more trees with your delegated SP.
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This post has received gratitude of 0.66 % from @appreciator thanks to: @uxair.
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This post has received a 0.56 % upvote from @buildawhale thanks to: @uxair. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
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You got a 0.60% upvote from @upme requested by: @uxair.
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