Why Should You Track The Cryptocurrency Market Cap Before Investing?

[ichi]

Cryptocurrency market cap resembles a little window that individuals can look through so as to know the situation one crypto is on. It doesn't give you the full subtleties of what's going on inside that certain crypto however it gives you a decent feeling of the intrigue that is worked inside it. Obviously, you wouldn't have any desire to put resources into something that is illiquid that you can't escape if everything loosens up. Call it as a defense or whatever yet it gives you some type of certainty before getting the full scale and settling on a monetary choice that you may wind up lamenting later on.

[Anonylz]

The truth is not all investors (especially the naive ones track the market cap before investing) in fact, majority don't even know the purpose of market cap and what to do with it,
there are lot of people till now who only invest through the recommendation of a friend, colleague or a family member, not necessarily an opinion or a research made by themselves, they just hang in the words of others, only those who knows what to look out for will make reference to market cap of a project before investing, although market cap don't necessarily stand as final tool to knowing it all when it comes to investment but it can only give you a closure and some form of estimate on the status of the project.

[Yatsan]

For an investor to be able to know on which crypto coin it is best to invest, an individual must track first the market cap of the cryptocurrency he wishes to invest with so that he can better know if it will be worthy to invest on it or not. Since you are aiming to gain profit from doing investment, the first thing you must do is to of course familiarize yourself with the crypto you are aiming at. Not doing such is like putting your funds into a gamble for you are risk taking and taking probability of whether you gain or loss on the investment you are doing. As an investor, aim to make profit while you lessen the chances of experiencing loss because you cannot totally eliminate the chance of loss for it is just normal most specially at this kind of market that is volatile.

[Oilacris]

For an investor to be able to know on which crypto coin it is best to invest, an individual must track first the market cap of the cryptocurrency he wishes to invest with so that he can better know if it will be worthy to invest on it or not. Since you are aiming to gain profit from doing investment, the first thing you must do is to of course familiarize yourself with the crypto you are aiming at. Not doing such is like putting your funds into a gamble for you are risk taking and taking probability of whether you gain or loss on the investment you are doing. As an investor, aim to make profit while you lessen the chances of experiencing loss because you cannot totally eliminate the chance of loss for it is just normal most specially at this kind of market that is volatile.

Its just really too careless for someone not to make out some research first before making any investment where its normal for you to look at on the prices first before you do go dive in and making some purchase.

Unless if you do go for long term then you will really not care on the current price you are entering but most of the time people do make use of this website as reference on whats the current happening in the market today.

Seeing to those coins which they are tending to make out some investment and checking out prices neither it would be ideal or not to make out such decisions.

[mangsitin]

Bitcoin and the crypto world were created to facilitate money transfer transactions throughout the world.  Due to the speed of data transmission and the difficulty in creating cryptocurrencies, it is highly valued.  To analyze crypto volatility, of course you need to have time to analyze the charts, the coin market cap is an overview.  but it's better if you log into some of the big exchanges, such as Binance.  and the most important thing is that you must know the strategy to get profit from the crypto world, because with fast fluctuations, it will result in a big risk.

[TimeTeller]

For an investor to be able to know on which crypto coin it is best to invest, an individual must track first the market cap of the cryptocurrency he wishes to invest with so that he can better know if it will be worthy to invest on it or not. Since you are aiming to gain profit from doing investment, the first thing you must do is to of course familiarize yourself with the crypto you are aiming at. Not doing such is like putting your funds into a gamble for you are risk taking and taking probability of whether you gain or loss on the investment you are doing. As an investor, aim to make profit while you lessen the chances of experiencing loss because you cannot totally eliminate the chance of loss for it is just normal most specially at this kind of market that is volatile.

Its just really too careless for someone not to make out some research first before making any investment where its normal for you to look at on the prices first before you do go dive in and making some purchase.

Unless if you do go for long term then you will really not care on the current price you are entering but most of the time people do make use of this website as reference on whats the current happening in the market today.

Seeing to those coins which they are tending to make out some investment and checking out prices neither it would be ideal or not to make out such decisions.

Seeing their market cap and the prices in their current exchanges maybe helpful but it should not be the main reason of investing on a particular coin.
You should check what is the progress of their development or if the developers are still active in pushing thru their plans.
You will get a hint of what's going on if you will join their social media channels, because most of the time they are active in posting updates on those channels.
But of course, join only to those coins that you are really interested to invest with.
Without actual development from the coin's end, expect that it will die sooner. So look for projects that have actual app in the market.

[Debonaire217]

It bitcoin, most of the whales, big companies, and people are eyeing not from the market price, for now, they are looking for long term gains in bitcoins which could be achieved by looking at the market cap of it. We are nearly getting into trillion in terms of market cap, that is huge and that assures that many people are already trusting bitcoin for transaction and savings, thus this demand will be the best asset bitcoin has, even if its technology stick to the traditional blockchain, as long as it keeps functioning very well, many will still trust BTC.

Same for the other cryptocurrencies out there, the more market cap they have, the higher the ranking they will be placed on cryptocurrency boards such as coin market cap, meaning, more investors will get into it.

[oliviarobert]

Cryptocurrency is still a fairly volatile investment, and its a gamble, some people would even say. It is important to understand how bitcoin market caps and other cryptocurrency market caps actually work before investing in anything, especially bitcoin and cryptocurrency. You also need to understand what your real risk are and be comfortable with the change of losing cash.

[bountyhub2]

Understand first where I am going to invest. That is why investment should be made there. Cryptocurrency is everything in a state of flux. Investment should be made very carefully here. I should invest half of my financial capacity. A new project that I like very much is Dabby Finance. Hopefully its future can be very good.The team is very good in this project and its potential is very good.
These are the best things to consider without judging me

[~Money~]

Investment in the crypto market or any other market is always been a careful decision. I think apart from market capitalization, there are a lot of factors that should be considered before investing in any market like future prospects, sentiments and risk-reward ratio etc. Bitcoin is developed as a currency to counter fiat market. But now it has been taken as an investment tool all over the world. I am still not sure to consider it as a safe investment tool. As there is no regulating authority and we often see frauds of exchanges in the past. I think we should always diversify our investment in a various market (that is commodity, crypto, stock and money.)

[TedMosby]

Investing in crypto means you expect a nice growth of the value from your crypto.
The value of your crypto can grow nicely when it has a good supply and demand.
It will determines how liquid is your crypto. Crypto with big marketcap has a good liquidity.
In a nutshell, you will be easier to convert your crypto into fiat money when you invest in a big marketcap crypto.
Marketcap also representation of how investors see that crypto. Big marketcap = investors see it as a valuable thing.

[DatKing]

It is obvious that market cap of a cryptocurrency is a very important factor for people to think and decide to invest in or not. It also shows the risk level of a cryptocurrency. For example, I don't trust a cryptocurrency with a low market cap easily. It should need to increase to a level that I can consider it as reliable.

[jamesde]

Cryptocurrency, with lots of opportunity and lots of risk. It is not that market cap is not a helpful cryptocurrency tool, it can be. But it is  important to recognize and understand how to compensate for these risks that cryptocurrencies come with risk factors. It is an extremely interesting and dynamic development. If you are going to invest, understanding how it works is important.

[vlast01]

Its really are important to track the cryptocurrency market cap before investing because it will be your guide to know the possibility risk and return in the future.

[New.in.trading]

Before I take a Trade on BTC EUR I always check the Market cap with this fine tool right here https://de.tradingview.com/markets/cryptocurrencies/global-charts/
Enjoy!