Discussion in 'Bitcoin Investments | Discussions' started by budowuz, Nov 16, 2018.
The first step is to figure out which initial coin offerings are coming up. With sites like ICOalert, developers have a place to list their upcoming pre-sale and public sale. They can also list other information like the soft cap, buy-in price and team profile. Savvy investors can use sites like these to plan their entry AND RESEARCH
There are many interesting cryptoprojects, and it's hard to choose some the most prominent as they are all unique. Still, it's better to stick to well-known and trusted ones, such as Bitcoin, Ethereum, Ripple, Bitcoin Cash and so on. Also, it's important to make your own research on a particular coin or project before investing there.
In my view, it’s analysing that can answer that, so if we are to get into the Crypto industry, then you need to work it out. I work with FreshForex, and I am able to do all types of trading with them, including Crypto trading. I don’t have to do much at all, thanks to their Market Analysis setup, which gives me serious help and almost makes the working smooth for me in every way that is.
You should know what you are investing in. Never follow someone’s advice blindly, do your own research. Read about the coin's features, team, roadmap. It's generally less risky to start with the most popular and reliable cryptocurrencies from top 20 by market capitalization at coinmarketcap com. When you get acquainted with the crypto market, you can diversify your portfolio and buy small coins or invest in ICOs.
If you are looking for reliable coins, pick the most popular ones. If you want to diversify your investment portfolio and buy some small cryptocurrencies, take into account the adoption rate, market cap, technology, security and anonymity features.
Very honestly, there is no way anyone could be sure on which option to pick, but it is quite obvious that Bitcoin is one name that needs to be there. We just need to make sure we take type of pick that we are comfortable with.
I would say we need to keep eye on Crypto news daily, it will allow us to locate best opportunities and to be able to make best use of it. But IF we fix up certain option, it could create problem for us, which I will always suggest avoiding.
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