Post
Topic
Board Altcoin Discussion
Re: how to invest safely in cryptocurrency?
by
agentx44
on 30/10/2019, 15:25:07 UTC
if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

I agree totally to all the tips you've given, all of it. When you are investing, it is your responsibility to make sure that all of the safety precautions and reminders shoud be applied to achieve a successful one. You should make sure that you take a good look at the project's whitepaper, team and roadmap to see if it is a legitimate one and has the potential to be very beneficial. Always make sure also that you only invest on the top coins in the market and avoid being experimental by investing on new coins.