9 TIPS to KNOW - BEFORE making investment in CRYPTO CURRENCIES - READ ONCE...!!!

cworldv99 (47)in #cryptocurrency • 7 years ago (edited)

Website: First and Foremost is the Website of the Currency. Because it is totally an Online System. So, we must analyze its Website. Some Crypto Currencies don’t have their websites, Some have very poor quality websites & Some has but not Secure HTTPS certified. So, Before Going for a Certain Crypto Currency We have to See how reliable their website is.
Age of Crypto: There are many Crypto Currencies in the market which are completely new. And just a fork of some existing Code. Their intention is to Scam a Certain group of users and disappear from the market. So, We have to See how a Crypto Currency is performing and its history in the past.
Founders background: There are many people who were nothing before coming to crypto currency. But they are Founders of Certain Crypto Currency Now. Simply they are editing the Existing Code and Claiming to be the most Unique and Ground Breaking Crypto Currency in the World. But they themselves are not able to bring that change.
Whitepaper: A Crypto Currency Must Have Its Whitepaper. A Catalogue Describing the Clear Vision of the Currency they are talking about. But not a Copy / Paste of someone else. So, Please Verify if they are real just in whitepaper and not in existence.
Roadmap: Crypto Currency is an emerging market. So, each and every crypto currency must have their clear roadmap for the future. If the Road map in the Past is Accomplished successfully or not.
Features: Just to be a Crypto Currency is nothing. But to have unique features to do some groundbreaking things with the help of crypto currency is the main topic of concern. If they are designed just for speculative purpose then be aware with such crypto currency.
Limitations: Every Crypto Currencies must have their limitations. Like, total Coins, Block Processing time, Mineable or Pre-Mined. These are the Programming / Technical Part of the Currency. It is the Core Part of any Crypto Currency. After All, A Crypto Currency is Nothing more than a Software Code. So, Check Its Technical Aspects Clearly.
Probability: Being everything ready as stated is not complete answer to the questions. But the concept it is bearing to carry the Probability in the Future is Main thing. If the Concept is Beautiful. But, the Probability of such concept for now is not possible. Then we have to avoid them.
Uniqueness: Last but not least, Uniqueness. YES, there are more than 1000 Crypto Currencies in the Circulation. So, the Currency you are talking about must have uniqueness among those 1000 Cryptos. If not then it is also a white sheep among the heard. So, find the reason to be a Black Sheep.