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Cryptocurrency Trading / Re: How to choose a good coin to start trading?
« on: January 07, 2019, 10:33:52 AM »Yes, you are right. That's what I'm doing researching and understanding the nature of cryptocurrency as my basis for learning more. Maybe I want to be a day trader for now, because I see the market is not stable. Thank you for your direction and guidance, sir. Success for you.I am sometimes confused, when I want to choose good coins (potential). I have a plan to trade as far as small scale capabilities. My question for now is how to find out or analyze good coins and not. By having a good long term. Please share your experience. I really appreciate each of your opinions.
Thank you very much.
Firstly, you have to decide whether you want be a day trader or a longer term investors/ holder.
With this settled, however, the cryptocurrency analysis concepts that every altcoin investor should be familiar with are Total Supply, Circulating Supply, Coin Price, Market Capitalization (popularly known as Market Cap), and Coin Price. Researching these will give you a better understanding of what is happening with the market.
The basics is to be familiar with these concepts and progress for details.
There are actually coins out there that has great potential if you follow the steps above, and these coins, renging from the top 50 at the coinmarketcap ranking are good coins to select as a beginner.