Post
Topic
Board Altcoin Discussion
Merits 10 from 1 user
Re: What coin do you HOLD in 2018?
by
kelincrad
on 25/07/2018, 21:24:10 UTC
⭐ Merited by WhiteShum (10)
How to determine the best trends among cryptocurrencies in 2018                   
№ 1: Low price
If you want to make good money, it is best to pay attention to new coins worth less than a dollar, as cheap coins have more chances to grow. This is a good tactic for investors who do not want (or do not have) opportunities for large investments. By choosing this tactic, it is very important to spread the risks by investing in several cryptocurrencies, not one. Since you buy coins cheaply, there is a possibility that some of them will increase in price several times in a short period of time. and others, on the contrary, will fall. There are more than enough examples of rapid multiple growth in the cryptocurrency space.

№ 2: the possibility of using
While investigating the market, it is necessary to determine which coins will be most in demand. You need to choose those who are more likely to be used as money or perform other useful functions. Moreover, the best chances are cryptocurrencies that can provide users with something new. If the coin does not carry any unique features-it will be difficult to break through among the many similar forks.

№ 3: How many about it say
One of the main driving factors of the new cryptocurrency is the amount of noise created around it. The best place to test this characteristic is forums, Reddit and various cryptocurrency sites. Observe which currency is spoken more about and use this information in your research. And don't believe every word. Even widely advertised projects may not be what they seem, and in the long run, are likely to collapse.

№ 4: the Creators
Another factor that should be paid attention to is who created this cryptocurrency. If the development team is public and there are people known in the crypto - currency community, the chances of such a project are significantly increased. If the developers have not previously participated in crypto - currency projects or even are anonymous, and especially if the source codes of the new crypto-currency are not available-it should be treated with caution. 

№5: dynamics of exchange charts
Undoubtedly, one of the main sources of information remain price and volume charts. It is necessary to pay attention to the charts with a stable growth of these indicators. If cryptocurrency periodically shows the vertices with the subsequent fall - she probably engaged in the manipulators, and the growth of real demand there.

Conclusion
When investing in a cryptocurrency or ICO, remember that this is a high-risk investment. If you make the right choice, you can provide for yourself and your family for life. But you can just as easily lose almost all investments, if you make the wrong choice. It is extremely difficult to predict the cryptocurrency market because of the large number of fast-growing projects and various incidents, which is why the distribution of risks is the best investment strategy.