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Celestine Timothy

How to discover a good coin to buy

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The best thing is always to see first which companies are backing it, if they are companies that are really worth it, it is good to bet on them, another thing is to see how long it goes in the market, since this way it is easier to buy at a lower price than they could have in the future and the third thing is to know how much advertising they have invested, the more advertising, the higher probability of success of the currency.

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Researching a lot about the project, you almost always have to use your opinion and personal criteria, at the beginning it is difficult but with time you learn to have quite good criteria when recognizing good projects of clear scams.

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I believe that you should study first of all the ups and downs that this currency has and everything always in relation to bitcoin.

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I think the fundamental thing is to investigate the project, get to know the members that make it up and carry it out, and see their background, many ICOs let us know who the people behind these projects are, so we can see in whom we invest

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Very good question friend, discovering a good currency before its birth or right at the moment is difficult, because the market is increasingly competitive many projects, I would look for the projects that will be announced in good Exchange good investors, but the world crypto is so unpredictable when you think you have everything calculated something else happens.

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53 minutes ago, mildred27 said:

Very good question friend, discovering a good currency before its birth or right at the moment is difficult, because the market is increasingly competitive many projects, I would look for the projects that will be announced in good Exchange good investors, but the world crypto is so unpredictable when you think you have everything calculated something else happens.

That question is the most difficult to answer knowing that everyone would like to buy a currency that its values are below the dollar and rise above it in the coming years, NOSTRADAMUS did not tell me anything about it, so if I search and study investing in that currency maybe I can take a chance.

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If big exchnages are conduct ICO, then its price will pump. I recommend you to invest in ICO coins on popular platforms. Because if thousands investors gonna buy that coin, its price will rise to 300-400%.

 

Edited by Alpinist

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First you have to investigate thoroughly before buying a cryptocurrency, what you have to do is see if the cryptocurrency has a project behind it and you must also see if that project has a future today there are many projects on the internet that do not make sense and When you buy that cryptocurrency they will not increase in value because it does not have a development behind always before buying always find out in depth what is the future of that cryptocurrency where it is directed in this case the cryptocurrencies with a future in 2020 is polkadot is an excellent project with a lot of potential

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From my point of view, I would be studying the white paper and looking for what it solves or how that currency through blockchain helps everyday life. And see the road map to know how advanced the project is.

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First invest your options well in the market day by day and then if you invest in the cryptocurrency that is on the rise but be careful the burning of tokens can play against you, you can win and also lose

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Hello.to find .you need to keep track of all the coins every day .where the rate and demand is good .ask your friends for advice .look in the telegram channels .what other people buy.good luck !

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there is no method written on any site that how to discover a good coin ,to know a good coin to invest, you should research the project of the coin, so that you know if this coin is good to hold for long term or do trading on it.

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In order to reach a good cryptocurrency that has a future that you can profit from, it requires an in-depth research and the opinions of those who know well in this field, so it belongs to the process of predicting the price of the future currency and this is not an easy thing.

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The important thing to discover a currency that you can benefit from it is above all to follow the news, obtain information on the networks and follow a web page of the same currency if the project is good and many people follow it.
a big greeting

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Before you buy it, you have to search and discover all the information found. I suggest you to search information about the founders what they sis in the past. This is the most important thing. Watch video interviews with the founders. 

 

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follow RSI in the short term. This is the general opinion. (RSI) buy when thirty , sell when seventy. it' that simple. But there is always risk. (Not investment advice).

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5 hours ago, Memo.ru said:

Yatırım için kripto para birimi nasıl seçilir? içinde
yatırım için güvenilir bir cryptocurrency seçmek için, aşağıdaki şeyleri dikkate almak gerekmez:

-Kripto parayı yaratan ekip (mesele şu ki, eğer para yatırmak isteyen bir proje ekibini gizlerse, saklayacak bir şeyi olabilir
-Github (bu, geliştiricilerin projeleri üzerinde nasıl çalıştığını açıkça görebileceğiniz bir portal ).
-Sosyal ağlar (Bu, madeni paranın toplulukla ne kadar açık ve aktif bir şekilde iletişim kurduğunu
gösterecektir ) -Hedef (tüm kripto para birimlerinin% 80'inin insanlar için yararlı olacak hedefleri vardır ) -Durum (
madalyonun durumu "Tamamen çalışıyor ise ürün "ve Githud'da aktif olarak çalışmaya devam ediyor, o zaman bu mükemmel bir göstergedir, madeni para bir prototip, beta veya alfa sürümü ise aynıdır)
-Toplam jeton sayısı (projede sonsuz sayıda jeton varsa kötüdür, bu enflasyon yaratır)
-İşlem gördüğü yerdeki değişimler (ne kadar çok, o kadar iyi)
-Kuruluş Tarihi (Young madeni para, özellikle yukarıdaki noktaların tümünü tam olarak karşıladıysa büyük bir aldatmaca şansına sahiptir)
Lütfen tüm öğelerin sırayla listelendiğini unutmayın en önemliden en önemlisine, yani bir madeni para ilk eşyaların gereksinimlerini karşılamıyorsa, son eşyalar mükemmel olsa bile böyle bir madeni para dikkate alınmaya değmez! İlk 2 puan olmadan, diğer her şey önemli değildir (son noktalar uymayabilir, ancak ilk 2 tamamlanmalıdır)!

You explained well. But still not always like this. Even though it's old i can count you lots of garbage coins.

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You can ask in telegram groups or here to look for information about a currency that you like, always be careful because scammers are always on the lookout for someone to scam you, so it is recommended to look for a lot to be sure but there is always a risk, do not agree

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My friend for this you must have enough knowledge about the crypto market because without knowledge you cannot judge any currency. And now a days new and good currencies are coming like Uniswap, TWT and sushi. Which have good potential and good capture on market.

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The first step is to investigate that company, what they do?, what is their value in the market, how reliable is the information they show you and finally see what project they are promoting, how good it is and analyze if it has a future in it. world of cryptocurrencies, this will give you a good image to decide if it is worth investing in that critical currency.

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I consider that a lot of research should be done, study the projects that support the coins, be attentive to airdrops because 80% are scams, it is important to always see the trajectory of the companies or platforms that support the coins this is very important to project their Future potential The technology in which the currency will be operated is also very important since the blockchain belongs.

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In this world of cryptocurrency you have to first analyze each currency you want to Buy In ICO or in currencies since many times those ICOs that they do are not very safe, so it is advisable to Do an analysis and be pending The same in the ICO ...

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Regarding the forecast for the near term, as of the evening of 10 May, it is maximally neutral: 50% expect dollar strengthening, and 50% expect its weakening. Trend indicators on D1 are equally divided: half are on the side of the reds, and half are on the side of the greens. Among oscillators, only 10% voted for the reds, another 10% remained neutral, and 80% voted for the greens (although a quarter of them are already signalling overbought conditions). The nearest support for the pair is located in the 1.0710-1.0725 zone, followed by 1.0650, 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, and 1.0000. Resistance zones are in the regions of 1.0795-1.0810, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, and 1.1100-1.1140.   In the coming week, on Tuesday, 14 May, consumer inflation data (CPI) in Germany and the Producer Price Index (PPI) in the US will be released. Also scheduled for this day is a speech by Fed Chair Jerome Powell. The next day, Wednesday, 15 May, important indicators such as Consumer Price Index (CPI) and retail sales volumes in the United States will be published. On Thursday, 16 May, the traditional number of initial jobless claims in the US will be announced. And at the very end of the working week, on Friday, 17 May, we will learn the Eurozone CPI as a whole, which may influence the ECB's decision regarding the euro interest rate.   GBP/USD: Pound Remains Under Pressure but Holds On   At its meeting on Thursday, 9 May, the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market participants interpreted as a step towards the beginning of a policy easing cycle.   At the post-meeting press conference, BoE Governor Andrew Bailey expressed optimism, stating that the UK economy is moving in the right direction. Bailey also noted that “a rate cut next month is quite possible,” but he intends to wait for data on inflation, activity, and the labour market before making a decision. Chief Economist Huw Pill, although he joined the majority in voting to keep the rate unchanged, also expressed growing confidence that the time for a reduction is approaching. He added that “focusing only on the next Bank of England meeting [20 June] is somewhat unreasonable” and that “medium-term inflation forecasts do not necessarily signal rate movements at the next or subsequent meetings.”   Overall, the movement of the GBP/USD pair last week resembled that of the EUR/USD pair. The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. Expectedly tough comments on the outlook were also absent. This inaction increased pressure on the national currency, sending the USD/JPY pair to new heights. It continued its cosmic saga, reaching a new 34-year high of 160.22. Following this, Japan's financial authorities finally decided on a double currency intervention. Although there was no official confirmation, experts estimate its total volume at $50 billion.   Did it help? Judging by the USD/JPY chart, not really. The pair headed north again last week. Unlike the euro and the British pound, the yen barely reacted even to weak US labour market data on Thursday, 9 May, only slowing its decline.                    All this occurs amid endless statements from the Japanese Central Bank and Ministry of Finance about their readiness to take necessary measures to reduce speculative pressure on the national currency. The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. 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/ 
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