Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: jackrayan886 on April 03, 2021, 12:00:54 PM
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For anyone connected with the Internet, it’s hard to keep their eyes off from the dazzle of cryptocurrency. Much of the credit goes to bitcoin and the people behind it, primarily, Satoshi Nakamoto. By the time of writing this post (March 23, 2021, 1.09 PM IST), the number of cryptocurrencies stood at 8,915 across 36,706 markets. The total market capitalization was to the tune of $1,683,639,118,877.
Recommendations and opinions of friends and family matter, but your decision should not be swayed by the rumors. PCEX Member presents here a step-by-step guide on performing thorough research before investing in crypto.
Check Official Website
An official website could be your go-to place for general, legal, economic, transaction, mining, and support.
The fundamental information includes the origin of the cryptocurrency, the people behind it, who control the network, how it works, real-world use-cases, and similar information.
Next, know whether it has got approval from legal regulators in your country or anywhere, how the cryptocurrency network protects your interest, and so on.
Under Economic value, you should know how the coins are created, economic value, what determines its price, what limitations it has, and much more. You can also know about the exchanges where you can buy or sell the cryptocurrency.
Know how transactions are confirmed, how much is the delay time, transaction fees, and similar details.
If you want to act as a cryptocurrency miner, the official website may help you learn the mining process, limitations and incentives.
Cryptocurrency security helps you learn the security aspects.
Most of the cryptocurrency websites have the Help section to allow users to see support from the available resources, community, and FAQs.
Check Independent Secondary Resources
Independent resources mean anything that is not published by the cryptocurrency network, and where there are strict editorial guidelines. Popular sources are CoinCapMarket, CoinGecko, and CoinList. Most of them are online, so it’s easy for you to assess the worth of the coin. You can know indicators like price, price trends, market capitalization, volume, and circulating supply of the coin. You can also get a brief introduction to cryptocurrency.
Find Reliable Exchanges
It’s important to know reliable crypto trading exchanges where you can trade in the cryptocurrency. Pick an exchange with high liquidity, low transaction fees, easy payment and trading options, high security, global presence, and agility. PCEX Member is one of the best cryptocurrency trading exchanges in India. It allows buyers to use INR as fiat currency and perform all the actions needed in a quick and easy manner. The trading platform also has a knowledge bank with resources by experts to help you invest wisely and make the best of the market volatility. It also provides technical analysis knowledge to help you reduce risk and hedge your investment.
Know Trading Signals
Trading signals are insight and recommendations on buying, selling, and trading cryptocurrencies to maximize profits. They are offered by experienced traders and skilled analysts with extensive backgrounds in crypto trading. Find reliable sources of such crypto signal groups or communities to know what is good and what not-so-good for you. However, before buying a paid subscription from a trading signal website, make sure you validate their authenticity by their existing subscribers. You may also check the recommendations of your friends and family regarding the same.
Join Forums/Communities
Social communities are a great way to know about the performance of a crypto asset and the investor’s sentiment about particular crypto assets and instruments. Bitcoin Forum- Index, Telegram, Discord, Reddit, and CoinDCX's telegram channel are some of the popular online forums or communities that you should join to know where the market is headed to.
Go for a Cryptocurrency Wallet
The selection of a wallet (hardware or software) to store the public and/or private keys for cryptocurrency transactions is a good idea to safeguard your asset from online fraudsters. Apart from storing the keys, a cryptocurrency wallet can provide a host of functionalities like encryption, signing-in/signing-out, etc. Review the pros and cons, known or unknown
vulnerabilities associated with a wallet.
Go for a mobile (iOS, Android), or desktop wallet (Linux, Windows Mac). Mobile wallets are portable and convenient; ideal when making transactions face-to-face. They can use QR codes to make quick and seamless transactions.
Read more to Buy Bitcoin in India (https://www.pcexmember.in/buy-btc-online-india)
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These are really some great information. All of your points are very important to check before investing on any project. Because since 2017 many scam projects are coming on the market to get investment from people and scam them. So it is very necessary to check the authenticity of the project before investing.
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These are really some great information. All of your points are very important to check before investing on any project. Because since 2017 many scam projects are coming on the market to get investment from people and scam them. So it is very necessary to check the authenticity of the project before investing.
I agree but I do believe it depends on the cryptocurrency you intend to invest in so I most believe this is for you wanting to invest in some new crypto projects. While I support and Believe that it is highly recommended for you to do some checks before investing into some cryptos, what would you want to check when it comes to investing in say Bitcoin, Ethereum, BNB and some of such that are already well placed in the cryptocurrency market?
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I believe that an investore who has not previously invested in cryptocurrency may first of all pay attention to the coinmarketcap rating and for long-term investments it is best to use the top-rated cryptocurrencies, such as bitcoins and ethereum, which will bring good profits anyway. But nevertheless, if the investor does not have a sufficient amount of knowledge, then it is best to follow the example of more authoritative cryptocurrency users, copying their transactions and investments.
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Thanks for the guide mate i appreciate it,and really there is a lot of new traders that are riding the wave and joining crypto lately but actually they get lost directly after they make the first step and such topics will be able to help them and show them the path they should follow for an easier journal in crypto.
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Shared a piece of information that is really important to invest. First of all, thank you very much for this. In fact, the present is a good time to invest. I believe those who can take risks at this time can benefit a lot. At the present time it is seen that a project is succeeding and suddenly a coin is pumping a lot. Therefore, whoever invests at this time will benefit.
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invest in crypto about price and volume transaction
in crypto trading is good self analys follow signal trading is not good
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Many have shared an informative post about trading. In fact, those who can invest and keep it for a long time will get several times more. Holding Bitcoin, Etherium, BNB for long term investment will definitely be very profitable.
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This is very good and useful information before investing in cryptocurrency. Because investing in cryptocurrency is very high risk, because if we invest carelessly, we can be destroyed. Moreover, if we invest in new crpto projects, we must study more carefully before investing in them. I thank you for this wonderful information.
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In crypto investments, you can choose 2 method
1. Safe Investment: You can use coinmarketcap as a reference and choose a huge daily transaction and chose a coin that already listed in good exchanges.
2. Risk Investment: This kind of investment can give you fast profits also fast loss, like the motto: high risk high return.
I think the safe investment is suitable for all people and risk investment only for certain people
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we must study more carefully before investing in them.
Actually, it is a basic thing, surely we must study or learn it first before investing. Don't invest blindly because it is too risky! An investor needs to learn the coins with many approaches before buying the coin. Ensure the potential of the coin first, then he can decide to buy the coin or not. Well, it is the fundamental thing in investment.
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Gave a nice guide to invest. But one thing to keep in mind is that if you want to invest, you must take risks, because if you invest, you can see that at one time you can make a lot of profit and then suddenly you lose a lot. You have to analyze the comments that you will invest in, then you invest, I hope it will be possible to make a profit.
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Actually this is very difficult in fact investing in Crypto, not as easy as we learn theory. Experience and knowledge of Crypto greatly affect our success in investing in this Cryptocurrency.