Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Raddo on October 16, 2018, 07:56:16 PM
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- What needs does the cryptocurrency meet.
- The market's size of the project by which the currency is meant for.
- The future of the project the currency was created for.
Are these reasons that you make into consideration before buying cryptocurrencies?
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Actually, there are many important parameters to be considered before buying a cryptocurrency. The first one, you should study about the potential and sustainability of the crypto coins. Buy a valuable and useful tokens / coins for your investment. Never buy tokens / coins with unclear future, moreover if the tokens / coins don't give a big impact for a project. The second one, learn the quality of the project. A quality project may guarantee a good future of a coin. You must get coins or tokens with promising future.
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You need to look firstly that crpyto currencies future succes targets. You know in coinmarketcap we have 2k coin and we need to choose best one for investing. So you need to monitoring their community firstly and you need to understand about project carefully.After the project roadmap is the second important thing because you can see in roadmap what is the target of that coin.
The other thing is if that coin is in binance that can be pumped more easy than others.
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The most important fact is this project team and advisors, make an analysis of the project where you will invest, be sure to write to people in the chat who already bought coins, and ask if the payment came
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Frankly speaking there is a lot parameter to be needed to research before buying a cryptocurrency.
1. Their idea behind it. Are they idea is a brilliant idea or only copy paste their other coin idea.
2. Their product or their use case in the future
3. Their team background, are they skillful or not?
4. Their advisor background
5. Their score from some of ICO rating website
I think i will check that parameter first before buying a cryptocurrency
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actually a lot of parameters but as far as I know we have to know the amount of supply, namely the total coin provided by the cryptocurrency system number of requests, namely the market's absorption of existing coins
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- What needs does the cryptocurrency meet.
- The market's size of the project by which the currency is meant for.
- The future of the project the currency was created for.
Are these reasons that you make into consideration before buying cryptocurrencies?
For me it should be in top ten, cheap to transact, and already be integrated in the services I like to use, gaming, etc. I don't consider ether tokens as stable currencies, so I would only hold those to support the project I believe, not to store value.
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the parameters for buying crypto I do are market trends and also news because I trade daily until medium-term trading. both of these things can help me by 80% to increase the token or coin fundamentals which will have an impact on price increases in the market
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What is certain is the consideration that I will think about is the future of the coin and the favorable market conditions. If indeed according to my predictions and also predictions of other users is good, then I will choose the good coin, so that my consideration is also fulfilled.
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Before buying crypto, it's good to consider several things. First, our ability to invest. Second, the risk that will be borne when our investment decreases. And third, we have to have a brave spirit, not easily panic and be patient.
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There are many things to consider before buying crypto coins. First, check the ranking first. In addition, see market volume and community. And the last is to see the purpose of the future coin project.
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Frankly speaking there is a lot parameter to be needed to research before buying a cryptocurrency.
1. Their idea behind it. Are they idea is a brilliant idea or only copy paste their other coin idea.
2. Their product or their use case in the future
3. Their team background, are they skillful or not?
4. Their advisor background
5. Their score from some of ICO rating website
I think i will check that parameter first before buying a cryptocurrency
Yes i agree with your opinion sir and i will add my opinion too.
6. I will check their max supply of that coin too. and if they have the coin burned feature in the future or not. If the supply is too high of course it will lack of attraction.
7. Their community from telegram or discord are they natural growth or only filled by the bot who only say hi, good project, and other things
8. Their activity in the social media. and their marketing plan.
I think it just my additional opinion. you guys can add the list too.
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These 3 parameters are very important. I also look at:
- team and project development
- community size
- liquidity on exchanges and where they are listed
- price fluctuations ( I don't like big fluctuations) compared to other coins.
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Before buying crypto , I will check their volume in cmc. com, how big the support from community , the purpose of the project, the team behind it, when did the last time they update their github. Lastly, the VC.
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For me, the most important parameters before buying a Cryptocurrency are:
1. The quality of the team
2. The potential and promising future of a product or tokens/coins
3. Good roadmap or future plans
4. Sustainability of a project
5. Competitive concept
6. Possibility for the raise of tokens/coins prices
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capital, before you will buy ctypto currency you have to have sufficient capital, adjust to your ability, choose crypto currency which is in the top 10, because investment in crypto currency is an asset for your future
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My experience, people look more at technology and the volume of coins in the exchange. it is a parameter for choosing and buying quality coins. there are also influencing factors from the community.
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The most important parameter is the state of the Crypto market and its future. Because that is a very important and should not be ignored in doing business in this crypto world. If you see, Crypto will later require more users to improve the quality of the market and guarantee its future.
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I check these parameters before investing:
1- Marketcap and total/current token issue
2- History(Its not good to buy a coin which already pumped)
3- Team: A few people whose has good career must be in the team
4- Partnership
5- Coin type: ERC-20, NEP5 or independent
6- Which exchanges it's listed already
7- Telegram channel: If telegram channel too active that means there are some strong hands :)