Crypto is still considered by many as a challenging and promising instrument but full of risks. Apart from Btc and Eth, there are still many cryptos that can be invested. What criteria do you use to rate a crypto for investment?
How do you choose crypto for investment?
- Thread starter Suba
- Start date
The only Crypto I use other than Bitcoin is one I found on FreeBitco.in and supported by them with great bonuses. It's called FUN Token and I have 12,500 of them, which makes me a premium member there and gives me 6 free spins of the Wheel Of Fortune every day to earn Bitcoin and Reward Tokens for more bonus opportunities. But the real bonus is 20% interest if you lock it for 180 days and when that pays out, I just keep the interest and lock the 12,500 FUN Tokens again. That's why I have a couple million Satoshi there and it pays me every day.
Amazing strategy @oldbuddy and I will surely duplicate this method so that my investment portfolio gets to grow to near your investment in that venture. It is pretty much one of the best methods to earn passively with less or minimal risk.
Here are some factors to consider when choosing a cryptocurrency to invest in:
Here are some factors to consider when choosing a cryptocurrency to invest in:
- Market capitalization: The market capitalization of a cryptocurrency is a good indicator of its potential value and popularity. Generally, the higher the market cap, the more secure and established a cryptocurrency is.
- Adoption rate: A cryptocurrency with a high adoption rate and a large number of users and developers can be a good investment.
- Technology and innovation: Consider the technology behind the cryptocurrency, including its design, scalability, security, and potential for future innovation.
- Regulatory environment: The regulatory environment can have a significant impact on the future of a cryptocurrency. Consider the government's stance on cryptocurrencies and any potential legal changes that could affect the asset's value.
- Competitors: Consider the competition and how the cryptocurrency differentiates itself from others.
- Community and development: The strength of a cryptocurrency's community and the level of development activity can also be good indicators of its future potential.
For me, when I rate a crypto for investment, I look at its technology and innovation, the team behind it, and the community's interest and adoption. If a crypto has a solid team, a unique and promising technology, and a growing community, then I consider it as a good investment.
The cryptocurrency investment is a type of investment that you will want to try and you are going to make reasonable amount, most especially if you can carry out proper examination on the coin to choose.
Choosing the popularity of the crypto coin is a very good move and I think I am supporting you on that because it will tell you the popularity of that coin and when and when not to invest because it is very important to do such.
It is important to carry out personal research and assessment of the cryptocurrency that you want to choose before you will make a move because it could be very detrimental if these are not carried out.
There are many crypto currencies and I think 99% of them are useless, you should find crypto currencies with real world usage and big projects that you believe can give the crypto a potential to grow.
Cryptocurrency investment required thorough research and it is not an investment you can jump on simply because you know that it is lucrative.
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- Thread starter
- #17
That's right, we have to do a reset before buying crypto, and we also have to use idle money, and we have to have crypto that has high liquidity so that it can be easily cashed or exchanged with other crypto and crypto must also be available on many exchanges.
