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Cryptocurrency discussions / Re: How can I choose which cryptocurrency to invest in?
« on: Today at 12:34:53 AM »What you do is certainly very appreciated because you already understand that investing in new coins is very exciting but can make things difficult by not producing results because many are scams.I also don't give much priority to new coins because new coins are likely to dump as quickly as they pump. Moreover, all coins that have been in the market for a long time must be fundamentally strong. Investing in those projects can reduce an investor's risk of losing his assets. I recommend investing in top coins by coin market cap and I invest in those coins myself. But investing in new coins is risky if one can invest with risk then there is also have the possibility for profit.There are those who really want to analyze first before making their choice, but if there are those who don't want to analyze, they can and there are facilities at CMC for only the best ranking to be selected, especially those with potential. Ultimately, it's up to us to decide where we want to place our funds, but I agree with not prioritizing new coins because they haven't been tested compared to existing potential coins.One way to select your next crypto investment is to look at the current market capitalization. This will not only show which cryptos are ranked the highest right now but also the curve of their value. Be aware of events around the world that affect the prices of cryptocurrencies.The simple way to do is check top 10 in coinmarketcap. These coins would be safer for investment compared to others. One can also research on his own on various coins before going for investment. But be careful in investing new coins.
That's right, the best ranking on CMC at the moment already illustrates how strong the coin is, so that it can get to this point because of the strength it has to survive.
If you want to make money, do what you think will bring you the profits that await you.