Many of us are involved in trading and many of us are willing to make big profits by buying a coin and selling it in a short period of time. If we research about a coin before it enters the market and if we can get good results by researching about the coin, then we can buy that coin with the hope of the coin market and sell it with the profit within a few days. For example:
A coin called OFFICIAL TRUMP came into the market and with the launch of the market, the price of that coin increased a lot, although the price of this coin is currently very low. But if we could have known about that coin in advance, then we would have been able to make a lot of profit by investing a very small amount of money. We should aim for short-term and small profits so that we can reduce our risk.
Things we need to know about a coin before entering the market.Step 1. Some reliable websites to find new coins. For example:
https://icodrops.comThe information to be stored. On what date can those coins come to the market. What is the name of the coin, etc., you will store things from this website.
Step 2. Which blockchain are the coins created on? The first thing to keep in mind is whether our coins have their own blockchain chain, if their own blockchain chain is not created, then we have to see if they are created on top of any other token or coin.
The information to be collected. Go to Blockchain Explorer and write the address of that token and see if it is available. Find the official website of that project and find their social media accounts, etc., and check if reliable information is available.
Step 3. Check the Smart Contract. Because there are some coins that can only be purchased, but many problems are faced while selling or in some cases it cannot be sold.
