(Advice please) Is the drop in the crypto market cap concerning?
Hi everyone, I've been doing some crypto investing and research with small amounts from the beginning of this year.
Granted I am a bit of a noob and I'm trying to maintain keeping up with the news as it happens but with like 780+ currencies on the market, it can become a large task but, I'm sure it'll be worth it in the end.
I wanted to know if the rise and drop of billions in the market cap is a large concern or if it's just the natural process of how these things work?
Thanks in Advance!!! 🙏
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*img from: Google images
Excellent write!
Hi my friend
You don
t need to follow all the Altcoins out there. You better do research on some of them - I suggest to go to coinmarketcap.com - and go for the top volume coins like BTC, ETC, XRP and so on. Do your fundamental research - go to their website, read their whitepaper, follow them on twitter, read reddit posts and go to the bitcointalk forum. All of this will give you a pretty good idea of which project is good and which one is not. As far as I am concerned i am not worried about the dropping markets. I am not even surprised either. The markets were in a huge bubble and now the market corrects itself by going down. After some sideways movements, it will go up again. I am in this game for the long run and I am sure it will pay off. Patience is the name of the game. If you want more basic and advanced info you can check out my website(see my profile). I give away lots of free information and help there. I hope that helps :) Keep it up and dont quit!Thanks mate it does, what should I look for in the white paper? When I did read classic and steems one I looked at the road map, is there any other categories that I can make some notes on?
Much appreciated!!!
Yeah cool. The roadmap lets you know when important releases will take place. They mostly have an effect on the price of the coin. I am looking for technical innovations. I am not a programmer or so, but I use my common sense to judge if the tec side is good or has potential.Plus I use all the other resources I already mentioned
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