New Fallen Price

One of the first Quotes i read on cryptocurrency was

Invest what you can afford to lose.

it's amazing how some people still walk in the dark and choose not to take some little classes on cryptocurrency investment before going into it.they don't do research about some coins before they pump in money.

The love for quick money often lead people to going into ponzi coins and getting stucked

Don't just rush into a coin because a friend said it's nice or because everyone around said its nice. What if that person got the signal from a scammer who wants to pump and dump?

do well to DO YOUR OWN RESEARCH ON COINS.

Before you buy a coin, that coin should have :

1. A ready market:

Before i buy any coin , i make sure that coin has a good market already. before i came into STEEMIT
and buying steem, i first checked how many people visit social networks daily and population of the most popular social network.

my research gave me enough reason to go into steemit and stacking steem both on steemit.com on exchanges. I'm also buying other cryptocurrency related to social network such as sola, sphere , investfeed etc

2. A solution for the market:

The fact that a coin says they are offering a solution to the market does not mean that their methodology is the best for solving the problem in market.

If coin A wants to provide transportation service from Nigeria to USA with high speed cars and coin B wants to provide transportation service too using train, i will invest more into coin B than coin A.

The two projects are trying to solve a problem, but one seems to be more efficient than the other,thats how to spot a good coin.

the best way to know more about what a coin is planning to solve is through their white paper ,every good coin should /has a white paper.

3. Good Team:

Every coin have team teams that are working together to build that project. The team could include programmers, graphic designers, promoters , advisers etc

lemme give you a small example, if coin A and coin B that i was talking about displays their team and you spot a known scammer or accused scammer and some low level programmers you know and coin B has people like @ned @dan @jerrybanfield @infovore , which coin would you rather buy ?

So good team matters.

4. Nice Circulating Supply

This article is targeted towards those who have little idea about cryptocurrency, so if you are considering a coin to buy, make sure they don't have huge circulating supply that runs into billions, and make sure to check that the market capitalization is above $200,000 or $500,000 .the screenshots below differentiates between circulating supply and market capitalization of steem

Note: i am not condemning coins with huge volumes, i have many of them.

• Steem:
  Circulating Supply

1 = Market cap ; 2 = Circulating Supply

Summary: Cryptocurrency market is very volatile and if you must invest, make you invest money you can afford to lose , so as to avoid heart attack when there is a big market bleed.

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