The Crypto Market has growing fast as time passes and succeed to gain trust of people as many of them book huge profits. The question arises that what should a person should know before entering in to the market to minimize the loss and maximize the profits.In this post I am sharing a mixture of my experiences and research through internet and try to sum up So you have better understanding about the market .So let get started ....
1 - How Market works ?
This is the first step of trading one should should know how the market works and how the ups and down in market happens.There are so many big whales that try to manipulate the market for their profits.The understanding of technology is also an important part.
lets take an example Bob wants to invest his money on a specific coin he invested his money and waits to gains the profits but suddenly the market crashes. He is still waiting for a rise in price.After some days he know that this coin is mine-able and people are dumping this coin continuously which cause for his loss.
If bob is aware that this coin is mine-able than he can minimize his loss ..
2 - SKill Enhance Courses
"More you learn more you achieve".
Learning is an very important aspect in every field.With learning you make yourself confident about making decisions and also about the precision.Same could be happen in Crypto market.Bitcoin Trading Sites provides an overview and comparison of different Bitcoin brokers and exchanges. But the Courses will teach us and the foundation and technical analysis of Crypto market prices.We can also learn about risk management, which will help us to minimize the loss.
Link : https://www.udemy.com
3 - Keep yourself up to date
Crypto market is so volatile and sudden changes occurs in minutes and seconds.Big whales try to manipulate the market for their profit.We should be aware of what is happening in the market.In addition for investing in the coin we should be aware of the news about that coin.The news has much effect on rise and dip of a coin.
The experienced investors invest and plan according to the news.Also the big whales spread FAKE NEWS and FUDS for their benefit. We should also keep that in our mind.
4 - Where to invest ?
The right choice can double the profit and the wrong one cause loss.So what are the keep factors you should keep in your mind before investing in a coin.The some points are given below....
- Make your own research before investing. Do not belief on some other thought or advise. You are fully responsible for your profit and loss.
- Check the linked-in profiles of the Team and message them about the question you have in your mind.From this you have an idea how responsive and dedicated they are to their work.
- Follow their page on Social media and check how they are active with the community.This will also help you to get the latest news.
- Read their road-map and also the progress about what they have achieved so far and also the achievement are on time or nor.
- Check how strong the community members are .
- Future Partenerships
Hope this article will help you ....
PART #2 IS COMMING SOON
Exchanges
Binance : https://www.binance.com/?ref=17219803
Coinfalcon : https://coinfalcon.com/?ref=CFJSBSTKGNCW
Cryptopia : https://www.cryptopia.co.nz/Register?referrer=Ghost_Light
Note : (This is my personal research I am not a financial adviser.You are Fully responsible for your profit and loss).
Credits : Cryptovest
Your Donations help us to grow :
#Bitcoin : 3F4Gh3nhttBVzp55rkmu9vx1JTyt96RpSG
#Etherum : 0x14191ae0731E040a00A404eD989577ab9e2725fF
#Tron : 0x712678e82473b2d8b1f2412bbfd6f4eaf5a4ef8e
#Electra : EMMdsEHq7uowGvgwhJ9RFnM7EsPSCmmvZ6
#Cardano :
DdzFFzCqrht25kQNdcdnrUF9KECe5uczoLoaLnuE1Lja9cWhkHW87iUwS1ksphMsUaZ6DxinMeRSAybee71kiLUzmQ6LuUxzkGfAwyFu
ZenCash : znVgj2iGMzy4XRDJrixTA8ivjDwPynGiwaJ
Kindly follow me at : --------
Link : https://steemit.com/@ghostlight
Donot forget to upvote
Thanks for Your Support