How do you research a particular cryptocurrency? Do you even dig in deeper before buying???
Here a couple of handy sites and sources I use when looking into a particular cryptocurrency. Yes, the technical analysis and charts are very important but knowing the story and fundamentals behind the project are just as critical. Especially if you're committing capital for the long term.
Having a strong belief and conviction in the project will help you hold through the ups and downs.
Learn Technical Analysis for Cryptocurrency with my video course!
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A few other YT Channels to look at. No, it's not an exhaustive list so my apologies if I've left you out.
Ameer Rosic - https://www.youtube.com/channel/UCaPSoa3hoxgouMd8YdlUwXQ
Young & Investing - https://www.youtube.com/channel/UCczMw5XzxxVks7sNaC-QxwQ
yes4motivation - https://www.youtube.com/user/sliceandice08
BitcoinMeister - https://www.youtube.com/user/BaltimoreHourly
CrushTheStreet - https://www.youtube.com/user/CrushTheStreet
Crypto-Bit Brothers - https://www.youtube.com/channel/UCVvDOPn2zeBBd_07Y_-Hxtg
Crypto Tips - https://www.youtube.com/channel/UCavTvSwEoRABvnPtLg0e6LQ
Good list of cryptocurrency resources. Thanks for the share! If anybody else is interested in more resources, there is a good compiled list that can be found at https://www.cryptocoinprofessional.com/cryptocurrency-resources/
Some guys He is using his name to scam companies like ours, we manage resources in interesting projects, he uses his official email [email protected] and a Telegram user with his logo @nodeinvestors promises to analyze the ICO, charging from 2 thousand dollars onwards, he cheated us. Warn about this in a video.
We have to do proper research and work up completely about the Crypto world, as it is just not going to be possible for anyone to be able to succeed without that proper input. It works for me nicely thanks to Michael and his team at https://on-chain.io?r=Lifechanger, it’s truly amazing site by all means, and the thing that makes it truly standout is the way it’s all done! They have simply stunning way to help beginners work their way on top.
Lots of detailed info on researching and fundamentals out there but your recommendation of https://www.coingecko.com/en is one I never saw before and it saves so much time. That site condenses much of the research one would have to do manually in this process. A lot of what an investor/speculator would need to dig for or look up is right there. Thanks.
No, there are no girls posting useful information. They will come when all the work is done and all the risk is taken. They will call us The Old Boys Club and they will demand at least half of everything.
I dont understand how you buy something with a cyber currency. For instance, you can buy gold online with bitcoin. But a bitcoin is $2,200.292 ish. The odds that i will have an online shopping cart worth the exact amount , so what happens to the difference
jak smith you can buy with decimal Bitcoin like 200$=0.200BTC, 20$=0.02BTC, 2$=0.0002BTC, 2¢=0.000002BTC. It's like any other curency except cryptos are not limited by a mint when it comes to subdivision.
Damn! Marketcap is 86 billion today, one week later.. Like Crypt0 (Omar) said, we've never had crypto during a financial crisis before, I think our investments are going to skyrocket more then we could dream of..
It's just like real investments, don't put all your money on 1 currency but try to use a bit of spread to lower the risk a little. Don't invest more than you can afford to lose. Because if you do, you will be stressed and make i erratically decisions . And try to stay away from the hypes but do your research and focus on a bit more stable currency. ( just my two cents. ps English isn't my first language )
Hey what do you think about PIVX? It is in its lowest right now. I invested small amount of 1 BTC for a test, mb lets unite? Because it should skyrocket soon and with more people we will be able to get more profits. Since PIVX is better than DASH in technical way, but has slower growth speed just need more people
Hey guys, I wrote a short article about making a small profit trading crytos. Thanks man for introducing me to cryptos!
Great vid as always! There is one thing i couldnt find anywhere and that no one talks about. To get into crypto, you most likely have to buy bitcoin, then exchange with altcoin, then sell again fort btc. what if you bought btc at 1800$ and after your altcoin trades, btc is worth 400$ ? It lools like any crypto profit will always be tied to btc market ? or did i miss something.
Because all markets require a high liquidity base to operate on in order to be successful and BTC is the one coin with the strongest backbone and highest liquidity, for the near (and imho long) term the success of most all other crypto projects and tokens will be very much affected by the success (or unlikely failure) of BTC.
Use Blockfolio app.
Log your transactions and purchases right after you make them. It keeps up with purchase price, amount, current price and can tell you the profit/loss ratio on each individual purchase as well total amount invested in each crypto coin and it's current market value.
check your purchase dates and amounts against the market history. as a standard practice, you should always keep a log or receipt of all transactions. if you utilized a centralized exchange, they will have log of all your transactions. if you utilized a more decentralized service such as Shapeshift with personal wallets, you can check your transaction history in your wallet.
I am doing almost the same research. Looking coinmarketcap, Chart ( Where was price, since when it is on the market etc.), Bitcointalk, and most important: the website! Look at the website for updates. Are they working on projects.
I give you some examples here: Look at websites of bitbeans, reddcoin and coval. Here you have to filter out the most important points. Why this coin should has value.
Now what for me is more important: When to get out and take the profit! This is really important.
One example: I bought some LTC at 3$ and sold at 5$ ... Good or bad? Look at percentage!
Another example: Bought GNT ( Golem ) for 6500 satoshi each and sold for 7500 sats ... Good or Bad? ( Price now at 12000satss
Now sometimes I got 100% to 300% ... look sia and digibyte or ripple with almost 1000%. But overall the question remains:
When to get out?
Much of the price rise in these markets is from good marketing. So seeking out projects that have been focusing more on development and less on marketing will have the highest returns. If a coin is over-hyped it will be over-priced. IMO.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.