Investing in a certain cryptocurrency can be very confusing especially if you are new to the crypto-world. Today there are hundreds of cryptocurrencies better known as altcoins. Before you choose where to invest in, you need to do a lot of research on that particular altcoin. Investing is always risky, but there are ways to reduce the risks if you only have the information and knowledge on this subject. This is why we put up a list of few things you need to know before you decide what to do with your investment.
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Find ICOs
It’s very important to learn which ICOs are coming up. Before you do that, you need to understand the concept of the blockchain technology and how the cryptocurrencies work. This is why you will probably need to visit some courses or read some books about it.
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Distribution
Before you decide to buy a coin or invest in more than one, make sure you find out how much of that coin will be available, how many coins are let into circulation, how big is the coin’s supply and also how many will be sold.
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Exchange
Make sure the coin you are interested in is listed on a credible exchange such as Coinbase or Bittrex.
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Blockchain-based
ICOs need to be launched from a blockchain. They can either launch it from an existing one or create their own.
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Check Out The Team
See if the team is composed of experts, analysts or former crypto-traders since they have the biggest experience. Usually, you can visit a website and get to know the team’s profile.
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