Our destiny is not written on an imaginary surface and not in wind. What we are today in the crypto space is as a result of the works of our hands.
- Whenever you want to invest or promote a project, do not be in haste, but take your time to analyze it.
- If you want to sell the coin you have, do ensure you think about it many times, so that you will not later blame yourself for selling.
- Get materials to study whatever you do not know.
Nobody can make a better decision for you than yourself. So learn to do the right thing at the right time.
do you know how to analyze that well? honestly I do not understand what criteria must be analyzed before deciding to invest.
"Money is not easy to come by, being the reason why one needs to take his or her time to learn the basics of trading before investing.
Talking from experience, as a day trader with lil experience, I lost almost 500$ within 10mins
Have a reason for every trade
Do not start a trade without clear reasons and a clear strategy for your way forward. The altcoin market is also controlled by large whales waiting patiently for you, a small trader to make a mistake. Therefore, analyze the market and be sure that you have the right reasons to start trading. Remember that for every gain someone makes, someone else loses. Instead of losing, it would be better not to trade at all and keep your investment.
One needs to know about order books, candlestick chart, spread and depth charts, transaction fees, order execution delays, available volumes for the price you want can affect the outcome of your trade.
In addition, most cryptocurrencies are in their infancy stage, which means most of them are in their developmental stage. Ensure that the coin you want to invest in is having active development as regards the product(s).
A vast and active community is another important factor. A coin or project must have online presence with community members that actively trade it. Most times, traders who want to come in newly lookout for this important factor.
Also, information is very vital. Search for the right source of information for the coin of interest, where you will get regular updates. This can help you to apply the rumour-news principle in buying and selling.
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