How to find out best crypto currency

[Dorjoy12 8962]

Usually today's    discussion  for them who are new in crypto world.. Because mostly  newbie face the problem that in Which  coin  they going to invest..It's  mean they do mistake to find out the right currency  to invest.. Again some newbie buy those kind of crypto  currency  that later they face problem  to have those  currency .. 

 

If you want to invest  on crypto  currency  then it's most important  to find out the best currency.. There has lot of crypto currency  and if you see those  currency  performance  for 2-3 time  then you will try to buy them..  But later you can't  do anything  by those coin because they get dead soon.
 
So that whenever  you going to invest on crypto currency  you must  need to notice some step.. No need to be hurry because if you can be patience  with lil bit skill then you can be able to find out good crypto currency .. 

 

This some matter you must remember  when you going to find out good crypto   currency :

 

If you do ICO or IEO then that is different ..  Because now i am here discussed  about  those currency  that are already  trading  in many exchange  site.. 

 

You need to see this some matter when you going to buy crypto currency :

 

(1) Concept
(2) stability 
(3) according  to their roadmap their leading 
(4) according  to the price their circulating supply   and total supply.. 
(5) popularity 

 

(1) Concept:  Whenever  you going to find out a crypto currency  you must find out their project's main concept.. You can see thousands  crypto currency  and their price  will attract  you.. But they can't  stay for long run in crypto world just because their concept  is not good.. Example :: Voice, Red Pulse,  Verge and many coins too..

 

(2)Stability :  Its most important  matter to know  Before  invest in any currency..suppose  you invest in those coin that did good performance  2-3 time in life time.. Then without  any doubt  you are going to lose the amount of your investment .. Before  you going to invest in any coin first you need to see the coin stability.. So that if sometime the coin price  fall down but the coin again able to increase  it price..

 

(3) according to their roadmap their leading :    every crypto currency has roadmap..  In that roadmap they do planning Where they will try to meet their target in how and in what manner or in what time frame their project..you can see  scam  project  there has no any activity according to their roadmap.. It's mean those project is scam.. 

  Again in some project you cant able to find out roadmap..if you ask them About it then they will say we have roadmap but we dont want to publish it.. They will show us many reason according to the logic..   Without any doubt those project is scam..   Again  stay far away from those project that has no target..  

 

(4) According  to the price  circulating  supply  and total supply :: 

  Because of popularity for some project  price Increase  like a myth but again decrease  like a myth.. For this be careful  to choice those kind of project.. Because to pump  those Project  some group help  those  project.. 

By the way, if you see  some Project's   circulating  supply  and price then you can feel lil bit doubt.. 

 

(5) popularity ::  A good project popularity  can easily attract  you because those project concept and skill is  enough  to attract  you. 

Here many member  can thought who is in the back forward  to find out  a good project.. I am also agreed with this kind of thought.. Even here i am talking  about  those  project that already  trading in different  exchange  site..

If i am here talking about  doing  IEO or ICO then i talked first About  who is in the back forward  of every  project ..

By the way,if you want to meet with any project  team Before  choice the project  then you can.. By this you can do more discussion  Before  choice any crypto currency..

 

NOTE :: English  is not my native  languages, please pardon  my mistakes..

Edited September 29, 2020 by Dorjoy12

[marchal87 2343]

Thank you for this comprehensive and nice explanation.  Let me add an important factor.  Investing in a coin does not make quick profits, but you need patience, which is the most important factor for your success in trading, and you should pay attention to the quantity of supply and demand when you buy a particular digital currency

[Tunuu 2235]

Thank you mate for this information that you shared with us. Yes mate we should always find the concept of any coin before we invest in them because there are good and bad coin.

[Dorjoy12 8962]

2 hours ago, marchal87 said:

Investing in a coin does not make quick profits, but you need patience, which is the most important factor for your success in trading,

@marchal87 without any doubt what you have said is right my friend.. In every place we need to be patience and in investment we need to be patience more becuase sometimes the price Don't increase up in the time we expected.. So in that we must need to be patience for better profit.. 

 

14 minutes ago, Tunuu said:

Thank you mate for this information that you shared with us. Yes mate we should always find the concept of any coin before we invest in them because there are good and bad coin.

@Tunuuits safety friend Becuase you know Every day lot of member get scammed by investment in wrong coin Which value become zero after few pump.. So we must need to choice a currency Which is perfect and stable and has all the point i have mentioned..                               

[Ridam 7455]

@Dorjoy12 Absolutely these points should be considered must before investing in any projects or coin. Personally I take a deep research whether the project has potential to withstand or not. And if we are just willing to profit then good news like listing in Coinbase, Binance also increases the price at the moment most of the time.

[Dorjoy12 8962]

5 minutes ago, Ridam said:

@Dorjoy12 Absolutely these points should be considered must before investing in any projects or coin. Personally I take a deep research whether the project has potential to withstand or not. And if we are just willing to profit then good news like listing in Coinbase, Binance also increases the price at the moment most of the time.

@Ridam  you are right that if any member want to Have some quick profit then  he can took those coin that is going to be listed soon in Binance.. But he must need to be ensure because there has lot of fake news that said this coin going to be listed in Binance.. Again some member though after listed in Binance if we hold the coin then we can have good profit.. This is also a mistake so we MUST    avoid this kind of mistakes that can lead us in lose..              

[Honny143 13612]

@Dorjoy12 these 5 factors we really needed to check before invest any coin, because present so many coins launch crypto market and some crypto experts are our well wisher's suggests those coins to invest,

but we also need to do some proper investigation about that coin project it's better, because if we trust anyone  blindly and invest then we face loss,

and one think in crypto if we invest in new coins then we need patience because newly coin not gain good price, it's take some time  thanks for you're good contribution my friend.

[rekter 8129]

@Dorjoy12, for the longest time i have been agreeing with this kind of method, and it makes sense, but the current zeitgeist seem to have shifted. Crap is mooning and people will fomo to everything that has a food word or DeFi in it. Meanwhile most older projects that still have good fundamentals are either tanking or not moving.

 

I have no idea what to think of this. It's hard for me to adjust to the possibility that i might have totally got markets and crypto investing wrong. Because people have been making insane profits with brand new projects like $core while i've been watching on the side lines waiting that older projects will rise some day.

 

Maybe this is all noise and i should ignore it, or maybe i should ape in and embrace the moment. I don't have a clue anymore. I might lose everything like that but it seems i am losing either way with sticking to older projects with good fundamentals.

[Dorjoy12 8962]

32 minutes ago, rekter said:

Crap is mooning and people will fomo to everything that has a food word or DeFi in it.

@rekter i dont want to talk about Defi my friend because you its a new project with huge popularity... Also we dont know when it will dump hugely as it coin YFI was pump from 100 usd to now 24000 usd.. We always need to look back on our old method to find out best currency..     

51 minutes ago, Honny143 said:

d one think in crypto if we invest in new coins then we need patience because newly coin not gain good price, it's take some time  thanks for you're good contribution my friend.

@Honny143 thanks for your nice review friend.. Nothing is above then patience becuase mostly time we dont get that we have expected.. But its not mean we cant be patience.. You can see lot of investor cant be patience when they see their invest coin going dump so they sell it but later the coin again pump hugely.. So we must keep our trust on our invest coin..         

[duncun007 3577]

these are very helpful steps indeed, but i would like to add that you should also check the charts and technical analysis to know when its a good time to buy or sell as well.

[Dorjoy12 8962]

4 minutes ago, duncun007 said:

these are very helpful steps indeed, but i would like to add that you should also check the charts and technical analysis to know when its a good time to buy or sell as well.

@duncun007 thanks for your nice information but  as far as i know  coin charts and technical analysis depend on the coin circulating supply and total supply.. So if any investor take proper research on the number 4 point i have mentioned then i think its enough to understand the coin good or not friend..             

[George10 9932]

@Dorjoy12 This is wonderful information you have shared with us and it will be very beneficial to newbies in cryptocurrence who are still lucking knowledge on those hints about finding the rightful coin to get along with since the crypto market is filled with so much coins therefore, it normally becomes difficult for beginners to choose those that are good for investment and thanks for this valuable information that is so helpful.

[Dorjoy12 8962]

2 minutes ago, George10 said:

@Dorjoy12 This is wonderful information you have shared with us and it will be very beneficial to newbies in cryptocurrence who are still lucking knowledge on those hints about finding the rightful coin to get along with since the crypto market is filled with so much coins therefore, it normally becomes difficult for beginners to choose those that are good for investment and thanks for this valuable information that is so helpful.

@George10 thanks you too for response in my topic my friend.. Yah its our duty to show the real guidelines for the newbie so that they can learn properly crypto currency.. You know many noob member invest money in wrong currency which lead them lose their money and later they say crypto is scam.. So i made this topic ❤                

[iloveyobit 6599]

But I think you did not mention one of the most important factors that help you to know good and failed currencies, liquidity is also an important factor that simplifies the way for you to invest, thank you

[Jaafar Fahad Hassan 114]

Very educative and important post, the explanation is something some people pay for just to learn, we are getting it for free here, thanks mate and thanks to crytotalk for this wonderful opportunity

[Cryptic 0]

All key points has been discussed properly, thank you for this kind of content this would be beneficial to some newbie like me in this kind of topic. I will consider your suggestions when I have enough funds for trading, since I'm planning to do so but don't have enough satoshi in my yobit wallet. So in the meantime I will collecting a little more.

[safwan944 54]

from my perspective i would like to say that to select the best coin out of thousands i will say that you need to research and lose a million to make a good profit from this platform.Nothing is losing in here rather everything is gaining here.

[Mike1515 2977]

I go with concept and stability , if a coin is not stable then that is the toughest and the roughest that can cause you to lose the truth is we need to follow certain strategies that do provide the good of the market we need to really work as hard and put together everything in the perfect strong hold. I think a stble coin should be really thought of very much .

[Guru2050 8284]

7 minutes ago, Mike1515 said:

I think a stble coin should be really thought of very much .

It nice idea but did you know stable coins are profitable as volatile coins @Mike1515 the logic is you can HODL a stable for a period that the market seems not to be convenient or affordable purposely to preserve or maintain your capital. But talking about best coins for trading and investment making, the top 10 altcoins along the line holding the top leading, the most valuable and expensive coin which is BTC to stand a high chance of making huge amount of profits.

[Maaz sultan 265]

20 hours ago, Dorjoy12 said:

(1) Concept
(2) stability 
(3) according  to their roadmap their leading 
(4) according  to the price their circulating supply   and total supply.. 
(5) popularity 

I advice every new and old crypto trader to follow these rules for choosing any crypto currency if you follow these rules there must be very low risk for getting loss . Try to learn crypto trading by yourself by learn trading on small investments .

[Dorjoy12 8962]

9 hours ago, eliottalderosn said:

@Dorjoy12 from what I know is that you can exchange your  currency with any other currency. Can't we do that in case we feel like the currency is going to die?

I know we will lose money in case the other type was stronger than what we have but it would be better to not lose all your money in the current currency, am I right?

 

@eliottalderosn  ofcourse you can exchange your currency to another currency you want because you must buy those currency that is listed in some exchange site.. So you can sell your coin that time but unfortunately many member thought the coin price will increase once more which lead them fully lose their money.. So Before choice any currency first follow 5 point i have mentioned.. 

 

@Sp19a1ma002 @saraanna396 @kenan 1 @iloveyobit thanks every one for your valuable response in my topic and share your knowledge here..                  

[Mella 3680]

This is very good to know and I am very happy that you are help to this forum with making a post that is not only a small aditional but it can be an article in a newspaper or in the crypto news websites as the coindesk. I am applaude your effort and I will read all of the post slowly to understand all the information you are given to us. this will help me to find the best of the cryptocurrencie and make my trade easier.

[Kevin99knv 9]

the best currency is the one that nobody knows since nobody will know how much it will be worth, it will only be seen over time

[Syedbesharat 5423]

I highly appreciated these points are good to follow but we have to add more in it because to newbies these definition are not enough.I suggest we have to add these terms as well as Research, research methodology, platforms and sites which have high level articles and mostly the real person experience statements. Which I think can help people to understand the best way of buying good coin. If we add this we can get more good result. Because what I experience are those points and learn easily and better way. 

I have seen many coins which have good reputation during airdrop and expected huge success in future but they were dumped in fee months but also see many new projects who wasn't popular but now running very successfully. 

[Dorjoy12 8962]

10 hours ago, Syedbesharat said:

have seen many coins which have good reputation during airdrop and expected huge success in future but they were dumped in fee months but also see many new projects who wasn't popular but now running very successfully. 

@Syedbesharati have point out the reason what you have said in my topic... So i suggest you once more time to read my Topic.. I have said that the project success depend on the project developer roadmap where everything get mentioned clearly how they will increase their coin value step by step.. Also the coin value depend on any token total supply.. Again i have talked about coin stability.. So before choice any coin you must remember the 5 point..                 

Edited October 3, 2020 by Dorjoy12