CRYPTO COIN THINGS TO LOOK FOR! Make sure people
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Posted On: 12/16/2017 11:42:50 AM
CRYPTO COIN
THINGS TO LOOK FOR!
Make sure people are ‘mining’ the currency because it’s an indication that it’s generating interest. If techies are willing to buy hardware to mine a coin, then it’s a vote of confidence in its future.
Ensure that businesses accept the coin. There’s no point buying a currency no-one wants to trade in.
Look for future growth potential.
Analyse the team behind the currency.
Make sure they have a good track record.
Try to make sure there are no loopholes which could allow manipulation of the currency. If people lose trust in its value, it will become worthless very quickly. There are hundreds of other alt-coins out there which are also being bought and sold, DentaCoin, which is used by dentists. So should you ditch Bitcoin and take a risk with a new currency? Isaacs has this advice for prospective investors: ‘I have invested in coins I think are undervalued because of lack of awareness, but which have strong infrastructure or interesting economic models. Investing in any of these could make you a mint – or lose you a fortune – so we’d advise making decisions extremely carefully. For more information visit CoinMarketCap or Coin Gecko.
THINGS TO LOOK FOR!
Make sure people are ‘mining’ the currency because it’s an indication that it’s generating interest. If techies are willing to buy hardware to mine a coin, then it’s a vote of confidence in its future.
Ensure that businesses accept the coin. There’s no point buying a currency no-one wants to trade in.
Look for future growth potential.
Analyse the team behind the currency.
Make sure they have a good track record.
Try to make sure there are no loopholes which could allow manipulation of the currency. If people lose trust in its value, it will become worthless very quickly. There are hundreds of other alt-coins out there which are also being bought and sold, DentaCoin, which is used by dentists. So should you ditch Bitcoin and take a risk with a new currency? Isaacs has this advice for prospective investors: ‘I have invested in coins I think are undervalued because of lack of awareness, but which have strong infrastructure or interesting economic models. Investing in any of these could make you a mint – or lose you a fortune – so we’d advise making decisions extremely carefully. For more information visit CoinMarketCap or Coin Gecko.
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