Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on June 06, 2018, 11:33:11 PM
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One necessary aspect is to know very well, what you are investing into. You cannot throw your seed unto any soil, you must first check for fertility and other soil profile. The same principle applies with cryptocurrency investment. You must know what the project is about and how feasible it is in our society and the cryptocurrency industry. You must also learn to diversify your portfolio in other to cater for losses that may arise from one investment.
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That is very true. before investing we must know how the project was developed so that the coins or tokens are much in the interest in the market. because the better the project develops the better the investment return we earn in the future.
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Get to know how project started and developed. Know the background of the project. Read the whitepaper before you invest in the project so you wont have regret in the future.
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Yes you are right on your points, and in addition, one important aspect of what we should know before investing on any project is the MVP (minimum viable product)
Check the project’s MVP (minimum viable product): examine if the project has MVP readiness and analyze if the product has features that solves any current problems that exist in the world.
Weigh all the pros and cons: Never invest without thoroughly studying the product and evaluating the immediate and future needs for that product.etc.
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That's right. But sometimes very well growing projects from which you do not expect anything special. And sometimes promising projects do not show good growth.
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I totally agree with you. At times, you also.need to find out if they have reached their soft cap, with that, you are sure the project will definitely work out. You should also read the whitepaper to learn more about the project.
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One necessary aspect is to know very well, what you are investing into. You cannot throw your seed unto any soil, you must first check for fertility and other soil profile. The same principle applies with cryptocurrency investment. You must know what the project is about and how feasible it is in our society and the cryptocurrency industry. You must also learn to diversify your portfolio in other to cater for losses that may arise from one investment.
Truly inspired words fit for Spartan manager.
What one might mention is also risk management and choosing companies that already exist significantly lowers the risk since an existing company is launching an ico simply to raise more funds for expansion and sees also an ICO as a chance for marketing and recognition among crypto enabled users as future customers.
That's one of the reasons for me to support companies like MyShield
https://www.myshield.com/