TIPS CHOOSING CRYPTO ASSETS FOR NEWBIE.

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INTRO
This thread was created as information for Newbie who wants to invest in cryptocurrency.
Investment fever (cryptocurrency) hit various parts of the world. Skyrocketing crypto prices certainly tempt Newbie to jump into the cryptocurrency market, but there are a few things to learn before investing.

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DESTINATION

My main purpose for making this thread is to give a little input to Newbies who want to invest in cryptocurrency. Because I have tasted the bitter sweetness of investing in some coin. After I researched, there are several points that I share here so that they become provisions for Newbies so they don't experience big losses like some other investors have experienced.

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TOPICS

This is what Newbie needs to pay attention to when choosing which cryptocurrency assets are legit to invest in.

1. View Community.
The first step that a newbie must take to choose an investment asset is to follow the community regarding the target crypto asset. The goal is to get information about the crypto asset to be purchased.

2. Fundamental Analysis.
This will be the foundation of investment, potential investors need to know who the team behind the crypto is, goals, in order to know the strengths and plans of the project in the future (In the long term). Fundamental analysis will help potential investors to make better investment decisions.

3. Technology.
Technology is an important part of the success of crypto projects. Potential investors must know the technology used, benefit and advantages over other projects. Will the technology they offer be able to attract investors? transaction processing is faster and has a good future. An example is Ethereum technology.

4. Whitepapers.
Every newly released cryptocurrency, the project team usually issues a whitepaper. And potential investors should not invest anything in it before thoroughly reading the whitepaper.

5. Vision.
The best places to invest in cryptocurrencies are projects that have a strong vision. So that it can go far and provide long-term results. Although short-term gains are attractive, and potential investors may think about swing trading, but potential investors should think about how the fate of cryptocurrencies in the next 5, 10, 20 years, etc.

6. Leadership.
The success of a crypto project is navigated by a leadership team, they make all the big decisions. Project leaders are the people who carry out the vision, so potential investors need to research their team and also see what they have accomplished.

There are a number of things to consider when looking at project leader engagement, such as:

potential investors should see if they personally invest in the project.
See other crypto related projects they have worked on or if they have relevant experience.
Do they have a reputation as CEO?
Research what their leadership team is saying about the coin and what they want to achieve.

7. Price History.
price fluctuations tell the history of a strong coin and whether it will be a good investment for the future. Coin Ranking or Coinmarketcap are good places to find live prices and price history.

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Above are some tips for Newbie who want to choose crypto asset for legit investment, what is clear is that newbie investors must be diligent in doing their own research and continue to study crypto assets so that they are not easily carried away.

Luck does not just come without a strong effort. Anyone can invest in cryptocurrency, but not all investors can get multiple profits. So never put eggs in one basket.

Those are some tips from me, if other users have input, please leave a comment here. Wink

Good luck.