What Truly Matters in Coin Selection

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Cryptocurrency is very vast in term of investing. You have many more ways to invest but not all those investments are successful. Few of them are best which are planned with strategy and proper learning.

In this post I will discuss about selection of Crypto coin which you want to invest in. There are many investors who invest their money based on the price of the coin. If they see the price pumping then they dive as well to not miss the opportunity.

Some investors look towards the popularity of the coin such as many people who have invested in #pepe coin is because of its popularity. This coin has high volume and now popular in the crypto space that is why people invested in.

Other investors follow other people who have invested. What I mean, that I follow my friend in term of investing. If he invested in Coin " A" then I will follow him. I dont care whether coin "A" is fundamentally right or not.

These are all incorrect decisions regarding investing in #hive. What you must see in term of investing in crypto. Don't get fool of the coin which is more popular, the coin which is pumping in price, the coin which is just launched for the purpose of testing, dont follow friends and other regarding investing.

Rather look onto the coin details. What you must prefer the most? Total coin supply, maximum supply the coin project is the main thing you must consider. You must know about the total supply of the coin and what is the circulation percentage of the coin.

Factors that Truly Matter

Its always been better to select those coins who have limited supply and with almost 80% of that coin is purchased. This is the first step, the second step is to look onto the coin project whether they are meeting their needs and are the getting what they want.

If you consider this two in any coin before investing then you will surely make right decision here. Investment is not an easy thing because you are putting all your hard earned money. That is why better to think, learn and gather information before investing.

What do you people think about investing in Crypto? What thing to note before investing? Do you think investing in Crypto is the right decision ? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

  NOTE: IMAGES EDITED IN CANVA.

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