I have some funds to invest-- How do I make a good decision?

Quote from: donowa on February 20, 2020, 12:21:43 AM

There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.

Please be sincere.

Thanks

Read and keep following the team before buying and start investing your money, coin/s with real usage and already gained good numbers of supporters are coin that you can invest with minimal chances of losing your entire investment.
There's a lots of chances to get something good with top coins especially with bitcoin but you need to understand the principle of your investment and
how good you can take the possibilities of losing your money.

Quote from: donowa on February 20, 2020, 12:21:43 AM

There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.

Please be sincere.

Thanks

You can look for top crypto in the market,

Study their products, uses and learn how to determine a good project. Don't bother to listen on other people's opinion on what coin is good for an investment. It is better to have your own knowledge from your own investment.
Also, you should try to learn about when is the good timing to invest. It is also required when investing, not only how good the project and its product, but also the timing of your investment.

I recommend investing in coins that are ranked in the top 50 coin marketcaps, but keep in mind investing in crypto has a huge risk so don't all-in all your funds there. And always research before you invest because it's very important for you to get profit. But for now it's better to buy bitcoin because a few days ago price touched 10k$.

If you have a lot of funds for now investing in bitcoin is pretty good, it looks like the price of bitcoin has increased and if you want to invest in altcoin also right now is the right time because all altcoins are increasing following the bitcoin footprint, the most important thing is choosing familiar coins like eth , ltc xrp and other top coins in cmc.

There are lot of factors to consider to make right decision and if you want to be safe then you should learn there are general things you must consider to save your funds from scams , Stay away in ico , see price fluctuations and volume that coin , just don't invest in any coin if someone in team is saying , have a look at markets regularly and keep your investments divided in top altcoins

You have to gain knowledge and conduct a research before investing in crypto, thats the first thing that you should do as a newbie. When it comes to choosing what coins to invest in, look for coins that has use cases and can solve real problem.

Its better to choose a popular coins (particularly bitcoin) to make sure you wont end up in shitcoins. But still it depends on your decision, there are new coins that has potential but its quite risky to invest your money since you dont know if it can survive especially during bearish market wherein most coins are losing their value and cant recover even the market is recovering.

Quote from: donowa on February 20, 2020, 12:21:43 AM

There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.

Please be sincere.

Thanks

Stay out of the new projects I am not saying that they are scam but most of them usually ends up dropping low due the high investors bonus and bounty or airdrop hunters.
What I would suggest is choose between the top alt-coins at the coinmarketcap,
For me if you are new in trading then the top 10 could be the best for you or find a project on the top 100 and see if any of them would get you interested to their project.

in my opinion bitcoin and etherum are still the best choices for investment now. there are also some altcoins that show good potential for the long term, namely litecoin and binance. but of all the choices, I would rather recommend bitcoin if you really have a large capital.

In my opinion, the situation on the cryptocurrency market is very interesting. The Ethereum coin is now starting to grow, and thus there is the opportunity to receive investment income. I think that now is the very moment when there is a chance to increase your funds. So the Ethereum coin gives positive forecasts for the future and this means that you can invest in Ethereum.

Quote from: kaneki007 on February 20, 2020, 10:27:16 AM

Investing in top coins is a good choice but before he starts, I think he needs to know those products clearly, what is the purpose of this product or is it good for the future, he needs to do a research from start to finish, instead of blindly believing offers and encouragement. Profits will not automatically be added to someone's pocket without effort, especially in this market, knowledge is the most preferred condition if we want to invest here, possessing a too poor knowledge, it can cause us to lose our initial capital and regret later.

I suggest you choose Bitcoin for investment. Meanwhile, do your own research about the market and other coins and try to have information especially about top altcoins. Once you know about the market, decide for yourself which coin to choose.

Being a great investor doesn't necessarily come. There must be a price to become a great one. Let me tell you something, no-one here can give you good advice. If you really want to become a good investor, you should at least have a lot of bad investments first and win massively at the end.

People here would tell you to avoid taking high risks investments. Ask them if they won as investors and see how many would say "yes they did". Learn by losing is better than winning without any lessons. The character must be built in order to win the game. Also, implement this in your self, "do your own research and not relying other's opinion.

Decisions are not taken too fast. Most investors are thinking more than once before putting up some investmen. Well regards to the coins youve asked. May I ask if you have experienced already on trading cause if not, I suggest to put up some ground research first and basic tips cause investing on cryptocurrency is really risky.

I suggest you buy if you cant wait is bitcoin and ethereum these two can give you some pretty decent profits as these two are the top coins and has many supporters.

Quote from: donowa on February 20, 2020, 12:21:43 AM

There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.

Try to check out first those coin that is on the Top 50 ranks. Most those coins can easily recover that will happen to them because of the fact that they have so many supporters. Also, they are the most trusted coin by the investors so you must not be afraid on getting scammed. After that, you should avoid selling your coin if the price of it is not profitable enough for you. Hold it until it becomes worth it to sell.

Information is your best ally when investing. It is easy to just pick from the top 10 coins from coinmarketcap but there is no guarantee that it will yield you good profits. But if you arm yourself with information about the coins available out there, you can decide for yourself when to get in or out of that investments. You can make plans on your own investments and not just rely on suggestions from others.

Quote from: quarkfx on February 20, 2020, 11:02:34 AM

Considering the possible problem that you may encounter as you start your investing journey is a must, especially nowadays that scammers are always looking for a chance to deceive and exploit your funds. In order to make a good decision, you need to make some time and effort to enlighten yourself on how you can properly manage your investment. Never forget doing your own exploration because it will assist you how you can secure your funds and assets from scammers. Aside from that it will improve your understanding and help you identify which coin is worthwhile.

Quote from: donowa on February 20, 2020, 12:21:43 AM

There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.

Please be sincere.

Thanks

You know mate telling you with the right cryptocurrency to invest is an easy thing to do, but we should consider other things to be done like the familiarization about the investment you want to join and if you don't have any knowledge about how cryptocurrency works I might say that the risk is high for you. first things first learn, observe, and invest picked those top coins in the market,

Quote from: donowa on February 20, 2020, 12:21:43 AM

There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks

Yet there are so many coin out there but you will just pick one on which of the coins will you invest. I suggest that you can pick between bitcoin and ethereum, why? Simply because this two coins are the most reliable coins in the market and the most high liquidity in terms of number and also they are the one who has the fluctuating is very unpredictable even though all of the cryptocurrency are fluctuating, this two are the one who is fluctuating very hard and also when you invest on bitcoin there is a greater chance that your coin will double when the bullish comes so better to think about where you will invest your funds.

If you don't have much fund, choose a coin with high market liquidity and high volume daily trading volume, trading on a good exchange with active social media and update development. And has been executing their road maps.

Pick the cheapest but is on top of the market rank because that means the potential profit that is to come when the price goes up will huge. TRX today is worth $0.02 which means you could have a lot of it still even if you only have $200 worth to invest to it. The decision will always be with you though but whichever coin you may choose pick the ones that are already in the market and had ranked up.