How do you Invest in Crypto

Discussion in 'CryptoCurrency' started by rachid2012, Jan 13, 2018.

  1. rachid2012

    rachid2012 Newbie

    Joined:
    Dec 14, 2017
    Messages:
    11
    Likes Received:
    2
    hey friends i am newbie and i like to invest in crypto currency
    i have to many question in my mind, i wish i ve got some answres

    1- what are the majore factors to focus on when buying a new crypto ?

    2- why every day we see ton of new crypto been launched ? is there no laws in the world that controls crypto ?

    3- what is the difference concerning the stracture of crypto , are they all like bitcoin ( Blockchaine , and the same way of Maining ) or each one got its own systeme

    4- what makes you put your mony on a crypto ?
     
    • Thanks Thanks x 1
  2. don chino

    don chino Jr. VIP Jr. VIP UnGagged Attendee

    Joined:
    Apr 2, 2011
    Messages:
    891
    Likes Received:
    285
    Occupation:
    PBN creator / seller
    Location:
    Europe
    Home Page:
    At your current stage I wouldn’t call it an investment but more of gambling if you have zero knowledge. I think people are too optimistic about crypto, prob cause most of the folks don’t have real investing experience and there’s been basically only good times, like in other asset classes in 2017, everything going up. Once the market turns and people start losing money, a lot of the folks will prob feel this is something not for them cause they’re used to growth only. If you want to gamble with cryptos, read the crypto subforum, a lot of threads about it.

    As much as I can reply your questions:
    1. New crypto (ICOs) have a high scam rate, see if there’s an actual company behind it with a transparent management with good intentions.

    2. The crypto market isn’t regulated and differing from the stock market, anyone can launch their crypto, they do it to make money out of the price increase.

    3. The technology and mining is different. You need to read about each crypto. Price is not the only indicator but supply is important.

    4. I bought btc last year with greed and FOMO to sell it at a higher price. This is the main reason behind crypto, not everyone admits it tho, and hide behind the technology or changing world reasons.
     
    • Thanks Thanks x 4
  3. elavmunretea

    elavmunretea BANNED BANNED

    Joined:
    May 14, 2016
    Messages:
    2,220
    Likes Received:
    2,975
    That's really hard to say because nothing about Crypto is logical. A single tweet can cause a coin to quadruple in a few hours.

    Personally, I look at:
    • Team - Who are they? Do they have relevant experience? Do they have 2+ year contracts?
    • Supply - Depends on the use of the coin.
    • Tech - Is it based on another platform or not?
    • Roadmap - Do they have a clear roadmap? Are they on schedule?
    • Social Chatter - Is it talked about?
    The list could go on for ever.
    Anyone can launch a crypto. It literally takes a few hours to get one functioning. The bulk are just fun projects that people create, but there are a few hundred projects that have actually taken off.

    Most coins are built on others, like Ethereum, however, some are unique. It really depends on the purpose of the coin and how dedicatied/ knowledgeable the team is.

    This depends if I believe in the project long-term, think it is going to increase soon, or day-trade it.
     
    • Thanks Thanks x 2
  4. rachid2012

    rachid2012 Newbie

    Joined:
    Dec 14, 2017
    Messages:
    11
    Likes Received:
    2
    Don Chino and Elavmunretea

    thank you, great answer
    i've got now a picture on how thing works in crypto world
    what i knew ( Easy came easy Go )
    im thinking on long term that's why i said Invest
    buying now and selling not next day but next 1-2 years
     
  5. TWdesigns69

    TWdesigns69 Power Member

    Joined:
    Aug 2, 2015
    Messages:
    639
    Likes Received:
    132
    anyone can launch a cryto? really? is it that easy nowadays? like creating apps?
     
  6. Harnur

    Harnur Junior Member

    Joined:
    Jan 4, 2017
    Messages:
    184
    Likes Received:
    23
    Gender:
    Male
    How much did you make, on selling it?
     
  7. don chino

    don chino Jr. VIP Jr. VIP UnGagged Attendee

    Joined:
    Apr 2, 2011
    Messages:
    891
    Likes Received:
    285
    Occupation:
    PBN creator / seller
    Location:
    Europe
    Home Page:
    I didn't say I sold it, but I bought in pretty early, in first half of 2017 ;)