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[Reznov]

You can't actually know if the value of a coin will rise or not, are there any things that you should take on consideration before buying any coin ?

 

[Rassy011]

Wow, this is a very nice topic that has been on mind for a while now, I'm also looking to learn the best way to invest in coins without losing, hopefully people will come and share their strategies and we might pick some lessons from there.

 

[Raikage]

1st rule is buy low sell high.
Because of volatility of crypto currencies. It normally goes up and down.
But to know that, great experience and knowledge is required.
When the pandemic came, BTC dropped huge. Due to panic and needs
But also due to it, it came back in just few months time at around 10000$ per BTC. When people were more settled, they went back and demand increased

 

[Reznov]

1st rule is buy low sell high.
Because of volatility of crypto currencies. It normally goes up and down.
But to know that, great experience and knowledge is required.
When the pandemic came, BTC dropped huge. Due to panic and needs
But also due to it, it came back in just few months time at around 10000$ per BTC. When people were more settled, they went back and demand increased

Thanks for the tips, how do you think people can come across some decent deals to get their hands on coins for extremely cheap ?

 

[Raikage]

Thanks for the tips, how do you think people can come across some decent deals to get their hands on coins for extremely cheap ?

It would depend really on what coin. If its BTC, you might take longer days to wait til it drops again and you'll never know if its the lowest it gets..it breaks hearts which cause losses.
You have to have preferences. Buy at a target price, sell on a target. People tend to get greedy.
Time is also always an essence

 

[Balint098]

Test the team behind a coin first. Whether or not they're quick to response to a question for example. It shows their commitment in the long run. The features that the coin has also good indicators.

 

[SCAMEXPOSER]

You will need to check the Airdroping campaign package, the company's background behind the project, check various exchangers sites if it prelisted, if the coin is eventually launched, check the trading volume within the first three days If it is on the high side you can invest.

 

[Wisdom01]

You can check and follow news and trends about the coin, Most times you can also check their social media page to get more information before investing on the coin

 

[Reznov]

Well, people have said it all. What l want to add to it is that, there are some platforms where these coins are traded. These platforms won't accept any coin that doesn't have future value(increase? Platform like Binance and others would have seen the team behind the coin and heard positive news about the coin before accepting them.

how's that platform is supposed to know if a coin will increase in value or not so it can makes it available for trading ? i believe calculations can't be always accurate

 

[Kunlee1]

Verify from people you know might have deal with them before and to be on a safer side,buy as little to test their honesty and during that their service will convince you either way

 

[Ewogboka]

New coins are very difficult to predict though having the background knowledge of the company behind is a strong determining factor but the best bet is to invest little if you are convinced with their campaign .

 

[Cybernaut]

Always follow news updates about coin. Join cryptocurrency forums, social media page and get to know more about the up and down of the market.

 

[SCAMEXPOSER]

Always follow news updates about coin. Join cryptocurrency forums, social media page and get to know more about the up and down of the market.

This is a good strategy to help in taking decision about new coin because some people in forums are vast and we'll informed to dish out Information as regards coins generally and Airdrops generally.

 

[Oloyede]

Buy a coin you can use. It that simple. Coin are currency, if you cannot use it to make any form of transaction be it on the founding project platform or any other platform, then stay away from it.

 

[ELSA-ELI]

You will need to check the Airdroping campaign package, the company's background behind the project, check various exchangers sites if it prelisted, if the coin is eventually launched, check the trading volume within the first three days If it is on the high side you can invest.

excellent loin of view there,this is really what sets the basics in understanding how really determines the purchase or investing in a coin.

 

[ELSA-ELI]

The strategy is quite simple to follow,Somehow the listing or adoption of a coin and for it to start rising is more less like the ponzi scheme principle.First they will release a certain ammount of money to show that its worth of value then,marketing and promotion is involved which which eventually makes a coin to rise in demand.So basically you have aswel to watch the owner's of the coin as to what vision they really have.

 

[Josemendez]

You can't actually know if the value of a coin will rise or not, are there any things that you should take on consideration before buying any coin ?

A good study of the coins white paper , the review of the company behind it , their major partners ,can help one make decision on whether to invest in a coin or not

 

[Wisdom01]

Buy a coin you can use. It that simple. Coin are currency, if you cannot use it to make any form of transaction be it on the founding project platform or any other platform, then stay away from it.

I think it would be good to buy a coin you have study the market and know how the price would fluctuates to , so you would make more money i think, and most people dont only ise coijs for transaction most people also use it for trading

 

[Kunkun]

1st rule is buy low sell high.
Because of volatility of crypto currencies. It normally goes up and down.
But to know that, great experience and knowledge is required.
When the pandemic came, BTC dropped huge. Due to panic and needs
But also due to it, it came back in just few months time at around 10000$ per BTC. When people were more settled, they went back and demand increased

Well said I agree totally, due to it's volatility it goes up and down depending on factors, so the idea is to buy when it's low then sell high when it increases

 

[Wisdom01]

Well said I agree totally, due to it's volatility it goes up and down depending on factors, so the idea is to buy when it's low then sell high when it increases

Its hard to just make a final prediction that the price would rise and fall and then buy, since the price could actually fall real well and also rise real well i think