beginners What to Consider first when choosing a coin to buy

[Epic 289]

What are the factors that you consider first when buying a coin? Do you buy coins when its on a slump or when the prices are going up? I would like to know your best practices in choosing the right coins to buy and when. By sharing you experiences with beginners like me i might avoid commiting major mistakes in my trading. Greatly appreciate for any advice from the experienced traders in this forum.

[cryptowinner21 267]

Hi my friend! thanks for your topic! According to me when i want to buy a coin i see the rank, the volume, the price (low price) and information about this coin! If all is good, i buy it to make some profit!

[Sid 589]

What I do is find information in advance about the coin starting from the function of the coin to the coin community so it does not immediately buy even though the price of the coin is cheap

[pkrs 603]

Make a analysis of the coins you want to purchase see the performance of the coin chart past 2 to 3 years if it has performed well in past and may be not performing now and may perform well so buy doing your own analysis you have to invest.

[Ankit Nepal 719]

3 hours ago, Epic said:

What are the factors that you consider first when buying a coin? Do you buy coins when its on a slump or when the prices are going up? I would like to know your best practices in choosing the right coins to buy and when. By sharing you experiences with beginners like me i might avoid commiting major mistakes in my trading. Greatly appreciate for any advice from the experienced traders in this forum.

First topic you should consider is that you should know which company or country is launching coin. Also you should do enough research about a particular coin also you should observe its condition in the market. So that you can put on your money and earn real cash.

[Sedy 670]

3 hours ago, Epic said:

What are the factors that you consider first when buying a coin? Do you buy coins when its on a slump or when the prices are going up? I would like to know your best practices in choosing the right coins to buy and when. By sharing you experiences with beginners like me i might avoid commiting major mistakes in my trading. Greatly appreciate for any advice from the experienced traders in this forum.

I buy crypto currency by reading and analysing the market price. It is best to buy when the prices go down ,u have to be consistent and grab whatever opportunity comes out way . I bought around 300,000 satoshis when Bitcoin prices went down to 5k $ market price. Now the 300,000 satoshis are worth more than a quarter of the amount I spent. With the market price at 8k $

[Satishmolankar 1703]

In you want definitely profit then only go for bitcoin because in short term it give you best profits and for others coins you have watch the coin first you have see that it fluctuate every time because that's makes you in profit 

[Epic 289]

21 hours ago, pkrs said:

Make a analysis of the coins you want to purchase see the performance of the coin chart past 2 to 3 years if it has performed well in past and may be not performing now and may perform well so buy doing your own analysis you have to invest.

What if its a new coin that was just released or a coin thats been in the market for only 2 to 3 months? There wont be enough data to analyze that would provide a sound judgement to the future performance of the coin. Also most of the informaton about such coins will come from the developers and proponents of the coin so such information is prejudice in favor of advancing the interest of the coin.

[Ayush Singh 1175]

If you want to buy any coin then you have to gain knowledge about such coins and according to me i think that buying coins when its price is low will give you a great chance to earn a high profits.

[Epic 289]

20 hours ago, Satishmolankar said:

In you want definitely profit then only go for bitcoin because in short term it give you best profits and for others coins you have watch the coin first you have see that it fluctuate every time because that's makes you in profit 

I would love to invest in only bitcoin, sadly, the capital requirement for such an investment would put too much of a strain to my finances. Im forced to divert my attention to lower valued coins in order to maximize my investment. My targets are newly released altcoins whose value is just right for my disposable income.

[Muskan7816 175]

The ones I usually keep tabs on when choosing a currency. How much supply it has and how their team is doing to meet their vision is for me to buy

[samislam 403]

only falling or rising the the value don't indicates the right time to buy it.we have to learn the market and must need few analysis.i used to buy coins after getting the price lower and some equations goes with that

[rchres 414]

There's a lot of factors of choosing right Crypto in market you need to know if the value stable and popular like Bitcoins you can easily withdraw in Bitcoin because other coins is not easy to withdraw. Bitcoin is profitable to use the number one Crypto and the highest value of Cryptocurrency in market you can surely earn money through the volatility of Bitcoin.

[alexisfuentes 2130]

You are not investing in any currency, you must have plan with that by the time you see the tempted to invest in any currency for the reason that the sea sticks to a plan.

 

A plan includes investment capital, holding time of the currencies and in which currencies it will invest.

 

[Razan alikac 1899]

I advise you not to put all your money in one place and one currency, it is better to hold several different currencies for more safety

[Migo 7946]

I think the price in the beginning, and how much this coin is active in the market, we don't want to buy some priceless coin, or some coins which are not active, anyway these two things are the most important things, and without forgetting to check how much this coin is accepted in the other markets 

[Ummita 303]

Don't use your money in buying coins but if you wish to do so keeps tag with the market price and see when is price is low you can get some coins and sell it when it high so that you can earn some profits. 

[Jokeer 648]

When you choosing a coin to buy firstly see that is the coin is listed on the exchange then do some research about the coins project and also read the whitepaper which helps you to know how good that coin.

[Jesoy 1342]

Consider a coin that is always fluctuating. Or the price is always changing since it can't be stagnant. It can increase and of course decrease but there's a possibility for it to be higher.

[Upright 2688]

I think but about what and how the coin is handled, how its be scale and respond to pump runs

[Benjamin 84]

Well, before we buy some crypto coins, we need to identify first what is the profitable coin here in crypto world to having some good profit, one of the profitable coin here is bitcoin because it has a high value price in the market so that many people invest this.

[Mcd0d0 5882]

you must consider if the coins you trust is monitor the ups and downs the value in the market if ever it raising value then you can buy it and invest to earn more money on it and check always your account see future sites if they legit or not.

[israkom17 27]

I know that some coins are rising, and to choose some coins, one need to know the stability of the coin, the acceptability of the coin. It will be a of waste money on a coin that is dropping in value everyday. 

[Zeyazan 204]

In my opinion, it's not just about one factor.

You have to pay attention to a lot of things before you decide to buy.

And the best thing you can do for that.Is to learn to analyze the chart. 

It's the first and last assistant.

[gigabyteRTX 1583]

There's only two rules I follow to determine what coin I have to buy or to invest and when is the right moment to buy that coin, first of course try or do analyzation first to see what coin has the potential or simply choose in the top 100 crypto coins and to determine when is the right time to buy? Simple if its price is low then purchase the coin.