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Author Topic: How do one Know which Cryptocurrency to Purchase  (Read 510 times)
Muhammad Muneeb
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December 10, 2018, 06:55:12 PM
 #41

There are a lot of cryptocurrencies out there and how does a new investor with little knowledge of how the crypto ecosystem work earn from crypto. His there any experience one needs to be exposed before deciding to invest? I am very much concern seeing that the fact that a currency is rising today does not guarantee it will be so forever. My question is simply how do a new investor go about earning in cryptocurrency without experiencing much lost on his investment? Especially with regards to the selecting the best currency to purchase

just follow the expert advices to trade the crypto. never try to buy the dip just because you think that it is the extreme dip and market won't drop any further.. always use the stop loss option on the exchange..just invest as told by the financial analysts also if you are plannig to invest in the fresh ico then go after the team of the project .. dig deep as much as you can

Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Nastinmel
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December 11, 2018, 07:57:24 PM
 #42

For new investors, it seems that they have to think harder to find information about how to research the ICO project, because investing in ICO is something that is related to our funds so that we cannot arbitrarily choose coins to invest. At least ask people who already have good experience with ICO investments.

Studying is better than listening to experts' pieces of advice cause they're also humans who are usually mistaken and lose their money like others. Begin with $30-50 and learn from your own mistakes!
CryptoRama
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December 13, 2018, 08:41:38 AM
 #43

I never have ever listened to advice what to buy, I used my own thinking and usually used and read about cryptocurencyes with most fame, like: Bitcoin, Litecoin, Monero, Etherium.  Not to mention I closely looked at Coinmarketcap.com site and study it. Now I opened my eyes to even more crypto assets, I even use some on a daily basis.

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overnight03
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December 13, 2018, 08:49:59 AM
 #44

If you want to do something, you have to learn about it.
When you come to this cryptocurrency market, what is your purpose? You want to make profit? If you want to make profit, you have to learn those informations on google or youtube,.. it is easy to  find it on internet.

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December 13, 2018, 08:52:04 AM
 #45

new investors can do bounty or airdrop to get coins. This would be better executed than having to lose investments owned on market conditions bad enough as it is. research is the main thing to do and this is what will determine whether new investors would be able to endure or instead will also suffer losses in processing their coins.

Tarion
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December 13, 2018, 08:57:49 AM
 #46

Nobody would be able to tell you in what coins to invest in, because we all prefer different coins. Just spend some hours by investigating different coins and I hope you will find some great tokens for you and will be able to make great profits even on this market.
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December 13, 2018, 08:58:29 AM
 #47

in my opinion it is necessary to look at the top coins on coinmarketcap, but still it is necessary to study coins and projects carefully, now is a dangerous time and intense

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December 19, 2018, 10:44:11 AM
 #48

From my own experience it is recommended that invest your money with your own research and knowledge may it take some longer time because study is required at every movement of the investment when to sell and buy.
Blind investment is fraught with losses ,however,you may choose from top ten coins of the market.

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Coltpython
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December 19, 2018, 11:12:10 AM
 #49

As a first timer, you will need to read a lot and get to understand how crypto works as well as obtain knowledge on its volatility before even thinking on what assets to purchase. First thing he/she needs to know is that buying coins or assets is not a guarantee for a good return on investment over time. Then can start reading about the different coin projects and their partnerships along with roadmaps before buying choice coins/assets

DominickA86
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December 19, 2018, 11:19:56 AM
 #50

There are so much crypto assets at the moment and nobody would tell you what crypto you should buy to gain the best profit. Just invest your time in researching the top 20 altcoins and decide for yourself what altcoins to chose.
GregH37
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December 19, 2018, 12:31:38 PM
 #51

new investors can do bounty or airdrop to get coins. This would be better executed than having to lose investments owned on market conditions bad enough as it is. research is the main thing to do and this is what will determine whether new investors would be able to endure or instead will also suffer losses in processing their coins.
You mean instead of investing with some cryptocurrencies, new investors must go for doing bounties or airdrop to obtain some coins. That sounds as a good idea. But, I believe not all the people are set all the requirements for doing bounties. That is the reason, most people will prefer to purchase simply.

New investors are always lagging with knowledge for doing research and analysis. They simply come into this forum and keep asking about suggestions for buying cryptocurrencies. We cannot expect them to be fully knowledge about picking up right coin and filtering out the shitcoins. I believe there could be no simple process to find out on rich cryptocurrency on-which we must invest, it is a very big task and challenging one also. Hence, I believe simply referring them to bitcoin will be the right suggestion for them as bitcoin will have definite good future.
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