HOW TO ANALYSE WHICH TOKEN TO INVEST IN
Disclaimer: I am NOT a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. Further, do NOT invest more than you’re willing to lose, and do your own research first.
Now a day you see a lot of ICO token flooding the crypto market. There are tons of them , how do you analyse which is the one you need to consider or invest your time and money? i recommend you do a lot of research before you select the token to invest in
first you should have a bitcoin wallet and also a ether address buy and store your tokens.
Im here by going to highlight and listed a few points to look into for your portfolio
- Look upon Coinmarketcap.com : price pattern - total supply
- Read the white paper : read the road map - check if it is POW / POS - Algorithm type - Transaction time - developing team
- Join the community : telegram group - facebook page - twitter page - check how well they are interacting with the public - suscribe for youtube channels.
- Google yourself for more info on the particular token , the value it is going to bring to the society and how the future can be benefited with the particular token.
- Do a technical and feasibility study of the sector, niche and company involved with the token project
keep on doing your own analysis along with other expert opinion , consult with other crypto lovers
and finally select your tokens accordingly
final advice - do not put all your eggs in 1 basket - diversify and take wise decisions
may your tokens flourish and you achieve your goals investing in tokens
regards
Buy a good spread. sell of some of the profit and diversify into other coins.
And repeat.
It's worked so far but the whole market is on a serious run so it's easy. When it starts to fall is when we will see the true picture.
Ups and down is the nature of how market works. Yes i agree key to win win is to hold and diversify to other tokens of different industry sectors.
PAL Network is good project which is addressing key issues that overlap the fields of insurance and it's really worth to invest for long term especially now that they got new exchange and having a trading contest which we can have to win lot of prizes 4.6M PAL and 4 btc!