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April 15, 2018, 05:06:44 AM |
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Although I am quite optimistic about the future of Blockchain technology, it does not mean that all cryptocurrency has the future. All risk is at a certain level.
Misunderstandings in the market
It seems that everyone is less concerned about the risk assessment on the cryptocurrency market. Most investors believe that besides Bitcoin, Ethereum and Litecoin, all other coin are quite similar. Very few people understand the trade crypto nature. And that is why people are always suspicious and easily fooled in this market.
There is an eternal truth that never changes. The more you understand the nature of things, the more you experience and the more you know. Not surprisingly, some traders have the ability to manipulate the market.
Have you ever wondered why Weiss Ratings has abandoned the assessment of insurance companies to jump into the cryptocurrency market assessment? Weiss specializes in analyzing the risks and returns of each coin along with the fundamentals of investing.
Unlike bond rating agencies, Weiss shares: "We do not accept any compensation from issuers or sponsors. Weiss' sole revenue is from selling ratings and research to consumers, investors and other users. "
These are the most dangerous types of cryptocurrency under Weiss, marked as "E" or "E" on their own scale (otherwise "A" is very good). Includes: Comet, Expanse, Matchpool, Megacoin, Novacoin, Quark and Salu.
And here are 7 helpful tips for investing in crypto from Martin Weiss - founder and CEO of Weiss Ratings
📌* Do not bet on farms: Unless you are a skilled, experienced entrepreneur. If not, limit your stake, use about 5% of liquid assets.
📌* Each parabolic: We know it's tempting, but it's not a good time to buy. Instead, start buying step by step when the market drops. Then buy more if it continues to plummet.
📌* The most promising cryptocurrency is not always the best: Like Bitcoin, you can earn huge profits from it. But this coin is not always the potential coin to invest. You should consider newer types of platforms with better application features.
📌* Do not store all the coins on a trading platform: This will make you vulnerable to hacking and risk can happen every hour. Instead, transfer your coins to your wallet that can be controlled using the private key.
📌* Always appoint a designated successor: Find someone who really trusts you, send you your login information and password. This is a good thing to do if something happens to you - or you forget important information.
📌* Stocks, Bonds and Cash: They may actually be boring when compared to crptpcurrency. But they will not have the same crazy experience as the crypto market.
📌* Last and most important, give the weakest coins a stop: That means, no matter what you do, do not keep a deposit and bet on the farm .
👉** Weiss ratings are not necessarily accurate. I did not expect you to make an investment decision either
Do not invest in coding market after reading this article. However, the general principle must be very careful until we know more about how these currencies are created and how they are made.
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