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Author Topic: How can I choose which cryptocurrency to invest in?  (Read 12321 times)

Offline noahlucas

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How can I choose which cryptocurrency to invest in?
« on: March 31, 2023, 11:24:17 AM »
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.

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How can I choose which cryptocurrency to invest in?
« on: March 31, 2023, 11:24:17 AM »

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Offline Pepelepew

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Re: How can I choose which cryptocurrency to invest in?
« Reply #1 on: June 07, 2023, 11:35:49 AM »
For me, the project is very important, so I've never been a memecoin fan. For example, the last token I bought was Cirus. The team works in web3 and AI and they are constantly developing.

Offline SeamusCastillo

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Re: How can I choose which cryptocurrency to invest in?
« Reply #2 on: June 27, 2023, 01:06:27 PM »
Hey there! That's some solid advice for selecting crypto investments. Checking the market capitalization is indeed a smart move to gauge the popularity and growth potential of different cryptos. It's also crucial to stay informed about global events impacting their prices.

Offline adamrp12

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Re: How can I choose which cryptocurrency to invest in?
« Reply #3 on: June 29, 2023, 09:45:31 PM »
Would be nice to catch a new pump and buy it back on the dip. I want a new Rolex so bad haha :D

Offline Muhammad Bashir

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Re: How can I choose which cryptocurrency to invest in?
« Reply #4 on: June 30, 2023, 10:29:14 PM »
What I do is to do an extensive research on projects with crypto solutions, put them on my watchlist on my favourite exchange (which is actually Bitget and OKX), then begin a strategic DCA plan.
But sometimes it could be a new project I've been following for a long time like TypeIt (TYPE) or some DeFi projects like APT.
But if you are a trader, I recommend you backtest your Technical Analysis before you go on and trade

Offline nejatmermi

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Re: How can I choose which cryptocurrency to invest in?
« Reply #5 on: July 01, 2023, 10:35:45 AM »
It would be useful for you to diversify the tokens in your basket according to your projects. I would even suggest you to investigate Cirus, which works in web3.

Offline XTRAVAGANGA

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Re: How can I choose which cryptocurrency to invest in?
« Reply #6 on: July 01, 2023, 05:56:43 PM »
I usually pick cryptos from top 10 on either CoinMarketCap or CoinGecko and research on it. Another thing i do is to check top performing coins on Bitgetglobal or Binance where I usual trade and research about it. If i like the fundamentals, features and utility i will likely invest in it

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Re: How can I choose which cryptocurrency to invest in?
« Reply #6 on: July 01, 2023, 05:56:43 PM »


Offline Julia77

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Re: How can I choose which cryptocurrency to invest in?
« Reply #7 on: July 04, 2023, 06:31:26 AM »
How can I choose which cryptocurrency to invest in? Currently, cryptocurrency is experiencing a real boom. Professional miners buy and store promising coins.
newbie deactivated link:https://cryptobit.solutions/ [nonactive]

Offline Julia77

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Re: How can I choose which cryptocurrency to invest in?
« Reply #8 on: July 05, 2023, 11:24:04 AM »
For me, the project is very important, so I've never been a memecoin fan. For example, the last token I bought was Cirus. The team works in web3 and AI and they are constantly developing.
newbie deactivated link:https://cryptobit.solutions/ [nonactive]

Offline Shezcute Abbie

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Re: How can I choose which cryptocurrency to invest in?
« Reply #9 on: July 06, 2023, 05:11:20 PM »
  Choosing which cryptocurrencies to invest in can be difficult because the market is unpredictable, but you can consider some important factors. Look at the market capitalization of a cryptocurrency, which is the total value of all its outstanding coins, to find more stable and less volatile options. Understand the technology and use case of a cryptocurrency to see if it solves a real problem and has a good chance of long-term success. Check the strength of the community and DevelopmentTeam behind a cryptocurrency to see if it has potential for growth and adoption. Look for highly liquid cryptocurrencies that are easy to buy and sell, and make sure to consider the regulatory environment surrounding a project. Remember to do your own research, understand the risks involved, and diversify your investments to reduce risk.
 These are the steps I take in choosing which cryptocurrencies to invest in. I usually get pop up notifications about new cryptocurrency listings and events from the Bitget trading app, like the recent one I received for BMTC, with a corresponding Super Airdrop event worth 10K BMTC for BGB holders. As enticing as this seems, best believe that I still followed due procedures as stated above, before resolving to participate and possibly invest in it when it finally gets listed.

I hope this helps you and other readers!
 
« Last Edit: July 11, 2023, 02:14:30 PM by Shezcute Abbie »

Offline Best

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Re: How can I choose which cryptocurrency to invest in?
« Reply #10 on: July 10, 2023, 08:45:39 AM »
If you're a long-term investor, choosing a good cryptocurrency should be very crucial for anyone. Like me, my choice depends on the project and what utilities they get to offer. I still have BGB token since the last time I bought it because of its solid utility. As is an exchange token I get a chance to earn many incentives from its exchange, Bitget. And most importantly, is still new and below $1 so there's still more to benefit on.

Hope this helps

Offline fraierok

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Re: How can I choose which cryptocurrency to invest in?
« Reply #11 on: July 12, 2023, 07:06:43 AM »
Hey! Choosing which cryptocurrency to invest in can be exciting and challenging. It's essential to do thorough research and consider factors like market trends, technology, and the team behind the project.

Offline Iamdhelyia Perez

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Re: How can I choose which cryptocurrency to invest in?
« Reply #12 on: July 12, 2023, 11:07:12 AM »
if you are new to crypto. the safest bet to invest are the popular coins btc, eth and stablecoins. if you are still in a learning stage when it comes to trading, better make use of your exchange spot grid trading. it acts as your auto trader that buy low and sell high depending on the market. this will also act as your passive income while you're still on the process of finding your crypto to invest.

this is not a FA but as a user myself, i got this idea from several beginners who grow their assets through spot grid trading. guaranteed safe and low risk. ofcourse the next question would be which exchange is highly recommended that has this feature. either binance and bitget which also gives recommendation on setting up your spot grid trading. hope this helps!

Offline jenny crypto

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Re: How can I choose which cryptocurrency to invest in?
« Reply #13 on: July 13, 2023, 11:52:37 PM »
The most basic principle is always: DYOR – Do Your Own Research. Before you invest into any cryptocurrency, you need to do some fundamental research on the project, its use case, its team and founders, its token economics and the underlying technology if you’re wondering how to choose cryptocurrency that’s right for you, it’s essential to keep in mind that there are different ways to approach this. One approach is to consider the best penny cryptocurrency to invest in 2023 for shortterm gains. This involves looking for coins with low prices and high potential for growth in a short period. However, it’s important to note that this approach can be more volatile and riskier than other approaches.

Offline Dianacruze

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Re: How can I choose which cryptocurrency to invest in?
« Reply #14 on: August 24, 2023, 11:34:55 AM »
If you are a beginner in the trading world. You must research and understand cryptocurrency uses, strategies, and market trends. from my point of view you can start investing in Etherem and Bitcoin.
You want to visit a safe cryptocurrency trading platform that makes it easy to trade cryptocurrencies like Bitcoin, Ethereum, and more. Then it can be possible through Blockchain Tradein. https://blockchaintradein.com/ [nofollow]

 

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