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williamz902

Do Your Own Research!

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I keep seeing people asking which coins they should buy, or which coin is profitable, followed by a whole bunch of comments with recommendations.

Half the time the person who is asking has no idea why they are buying into a coin, other than the fact that it was recommended by someone else on the internet. This is terrible. Either you don't know how to do your own research or you are too lazy. So let me give you some advice. Before you buy into any coin, ask yourself these questions:

1. How much trading volume has this coin had over the last 6 months. (Trading Volume is the amount of money that has changed hands - it's a good indication of demand). If a coin has 0 trading volume or perhaps 20 BTC trading volume, then it's a terrible coin - no one is buying it. So why would you? Look for coins that have over 1,000 BTC daily trading volumes.

2. For the last 6 months or 1 year, what was the lowest price this coin was trading at?

3. For the last 6 months or 1 year, what was the highest price this coin was trading at?

4. How does the current price compare to the answers from step 2 and step 3? Would you say the price is quite high, or quite low or somewhere inbetween? If it's quite high, or somewhere inbetween the risk is higher. If it's quite low, then it has potential.

5. Who developed this coin? What was their vision for it? What features does it have that make it different to all the other coins? When was it launched and how long has it been around?

6. What are the developers doing that might make this coin's price rise in the future? How are they marketing it? Are they trying to get partnerships with other institutions? Is it accepted as a payment method in the real world?

7. In contrast, what have they done in the past, or what do they plan to do which might make the price drop? Are there any upcoming airdrops?

8. Is this coin mined, or are the developers in control of issuing them?

9. How many of these coins are in circulation and what is the maximum number of coins that will ever be issued? What is the market capitalization?

10. How many exchanges is this coin listed on? The more excahnges, the better. If it's only listed on one exchange, you are making a mistake buying into it.

11. Has there been any recent negative or positive news about this coin. Check news stories for as far back as you can go. Has any particular news influenced the price?

12. How does this coin rank on CoinMarketCap, and why is it ranking so high or so low.

Until you can answer all these questions and more, you are wildly unprepared to trade and this will more than likely result in loss. Do your own research - don't be lazy.

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Choose coins from the top ten. Behind the top ten coins are large and small companies, powerful mining pools, teams and developer communities, and finally, thousands and even millions of users who recognize the value of these coins.


 

 

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There is a saying says genius knows and knows if I think that has become a world has become ignorant
You must continue to research, learn and question

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When choosing the project you are going to invest it is best to do your own research about the coin so that you won't blame anyone if you fail. 


SIGNATURE SPACE FOR SALE PM ME!

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very helpfull information in this topic , golden tips for new traders thank you very much mate , i think they need such a topics like that to understand this domain well 

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Your observations are of course good, but it is better to fork out a little and pay for access to a private group with signals for cryptocurrency, so you can further minimize your risks several times. But of course here every himself decides as him to do.

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yes sometimes I hate to see repeated questions, but on the other hand I also like to recommend coins, but usually I will not tell my chart why they should buy the coins.

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Good Points. Own research is important cause there is no instant success. Own research gives us more experience even though it will lose at the first time. As long as we can manage the loss that is not excessive.

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There is a single trader system for research in crypto, this is your own research system, but it will not be your first, it is a long time in the market, and this experience is very important to have a trader account, your own research will benefit you.  Will do more

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Very good tips to follow when buying a coin, in fact I follow some of these steps and not all of them because I say as a bit lazy for all this research.
There is something outside the topic but I want to ask about it, for example, I liked this article how to keep it in the forum.

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You must have been a long-time investor, what you say you analyze is meaningful, thank you for sharing useful things, it is to summarize experience long ago.
thanks

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Good posting, thats why they asking for do some research that what i think . Sometime we also knew what good to buy from other auggeat than we also knew qhat people almost put their money on coin .it name market research

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On 11/6/2019 at 9:11 PM, williamz902 said:

I keep seeing people asking which coins they should buy, or which coin is profitable, followed by a whole bunch of comments with recommendations.

Half the time the person who is asking has no idea why they are buying into a coin, other than the fact that it was recommended by someone else on the internet. This is terrible. Either you don't know how to do your own research or you are too lazy. So let me give you some advice. Before you buy into any coin, ask yourself these question

Actually it's not wrong to ask if they don't know, because this is indeed a cryptocurrency discussion forum. I also agree to do own research to choose a coin, because there might be FUD among the suggestions given by users.

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we should do our own research before investigating in  cryptocurrency. This is especially important for newcomers, who are more prone to making mistakes - or being misled. Luckily, when it comes to cryptocurrency, there are plenty of resources to help you.

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If i use your analyze I will never replace my open position because too many and need time to do all. I'm not educated man and also new comer in crypto so I need simple analyze, such as use one indicator ( MACD ) to read market direction, Use MA for all coin and take one as the target, last step is calculate with my fund to decide my SL and TP, just like that.

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On 12/3/2019 at 6:23 AM, Hamk said:

It wil not be good to always be following what people will have to say,make your own research you will learn along your way of researching

You can always follow what people say, but when the time comes to decide, buy or sell, invest must do your own research and analysis because no one will bear the responsibility for your loss of that money.

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3 minutes ago, Hamk said:

No one will do that to you, it will be all by yourself you will have to take the loss all on yourself

Yes, of course, in the field of trading or any other field of profit the strong eats the weak, you can take advice from other people and build your base of experience, but when making the decision you must rely on everything that you learned.

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I agree with you. It is not bad to seek advice from others but you don't have to follow anything you hear. You should use all the inventory in your disposal. You should mix all the information you obtain to be able to make a final decision. There are lots of websites, E-books, videos and other sources of information. If the person who is giving you advice doesn't have enough experience, he/she may give you false data which will slow your progress. It is not possible to give a comprehensive piece of advice to anyone in a few lines of words in a comment. There are lots of things that need to be considered and examined before buying a coin. So, rely on your own skill and only use people's advice as an auxiliary way to complement your existing information.

 

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5 minutes ago, gordoncrypto said:

These are all valuable points you are making. Specifically, I look for positive and negatives people are posting about a coin, and specifically I will select past hour, week, month when searching if something major changes in charts.

there are coins that I will buy without paying attention to the chart, and if you pay attention to young coins, then you can choose the time interval for entering the market.

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I am totally agree with this, most of the people fail in trading when they buy or sell coins after hearing advices from others. Yesterday I have red a message from a person in the chat on yobit. He said that now yoda coin is started to rise so we should buy it now. And I bought some coins at price of 0.000043 btc but after that coin is continuously falling and now its price is 0.000017. I am blaming myself to follow his words.

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For doing the own research it will be more advantage for you because you'll got many experience about how to do the market analysis and making your own trades 


Trade on forex without KYC verification, also deposit and withdraw easy with bitcoin.... Just click on this LINK

 

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Yes sure i will research my own coin. Before i coming with this strategy i always following other people opinion. Mostly coming from Telegram group where give me signal everyday for what coin i need to buy. But after time to time i realize that is not really effective, because we can missed some opportunity and also taking so much time to waiting the signal.


Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

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When someone gives you advice in investing a currency, do not verify yourself with this currency. Do not rely on the recommendations of others, because the one who will lose money is you and not them. Be careful with your money. Do not make it dependent on what others say.

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Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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