Post
Topic
Board Altcoin Discussion
Re: Coindeal token CDL - Should I invest ?
by
jossiel
on 10/05/2020, 15:52:53 UTC
So my question is should I invest in CDL?
The volume for their token isn't so good. The exchange probably ranked because of the bitcoin trades that it had but for its native token, I don't see that it's a valuable token to invest. On their very own exchange, the volume isn't going that much.

coinmarketcap.com/currencies/coindeal-token/

https://coinmarketcap.com/exchanges/coindeal/


I guess what you're saying is true, if to invest it means that the OP will hold the coin for a long time and the daily volume doesn't look good.
should choose coins that have a lot of daily volume and listings in a decent market.
except for doing daily trading no problem you buy any coins because once you get a profit you will immediately sell it.
The use case and having a product is there and that's already a check if we will base our contentment of what should a token and project be. But it's not the whole basis that we should have and we need to consider other things like the volume.

The difficulty of it having to sell is what if someday the volume dramatically decreases to the point that you're not expecting it and yet, you have invested a lot of money. That will be a hard day for you once if you let yourself caught off-guard.