In venturing into crypto investment , there are a lot of consideration you ought to make. You can start by first of all asking your self some questions like:
a. much can I put in this coin?
b. How long do I plan to hold this coin ?
C. What if this coin(new) is fake ?
d. How do I know if this coin is real or not ?
E. Who actually invented this coin and since when?
After this series of questions in your mind how do you intend to answer them correctly?
Well in view to this, I can say we are now in a digitalised world where information is in everyone's finger tips , and therefore every knowledge you need about a particular thing whether coin and other crypto related matters is within your reach.
Things to consider while choosing a coin to invest in:
1.Trace the history of the coin , that is our area of specialization , just a tap to our site , type in the name of the coin, and we get you covered . In doing this, read up how the coin came about because there are alot of scammers who could manipulate things to make money .
So, as a begginer, not just to invest in a hurry first of all know details of what you are investing in and how do you do this ?
A. Getting a mentor is one of the best way to be free minded even though you can still do your personal research.
B. Seeking advice from your mentor when you don't get things right is another thing to consider to avoid lost.
C making use of the available resources because in crypto currency investment it's highly adviced you don't invest any capital you won't able to get off your mind when you lose them . "Invest as you can afford to loose"
2. Check out the listing of the coin , there several listing people don't or rather fail to get at :
a.Tracked listing : this is the type of listing that is due and correctly followed both in the community guideline and protocols , you should check on this through coin market app, coingecko.
b untracked listing :this is direct opposite of the earlier mentioned , so it is very necessary you check the multiple listings of every coin to be sure it is properly added to coin list before you buy them .
3. Consider how much you wish to buy a coin with, some new investors who don't understand how the market works decides to invest as low as $5 and in their mind when the coin is officially launched they would become a trillionaire , no sometimes it is not so , remember the higher your capital is the higher the coin number even though you don't have to risk what you can't afford to loose.
4. Give your investment time to mature, in the crypto currency investment , when you have decided to buy a particular coin and hold , give it time, estimate of 2_3 years is good , after then you can note the movement of the coin , some people who are not in any way a trader sells off what they have this minute and regrets it the next minute because the market fluctuates.
5. Avoid putting all your mind in any coin you buy , some people due to the fact that they need money, they keep checking in on their wallets daily to sell off when the market adds to their favour but that is not a good strategy unless you are a top investor with enough capital you can make some gain within a short time .
Take note of all stated above and you are good to go .
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