Cryptocurrency seems to be the present hot topic. Bitcoin’s value is soaring beyond $10k and with that rise cryptocurrency is gaining worldwide attention. The controversy has garnered a form of attention that the crypto world hadn’t anticipated, which is causing the world to turn around and question what is cryptocurrency.
RESEARCH, RESEARCH, RESEARCH!
The first step to any investment is research, research and research. Bitcoin isn’t the only coin that is in the market, there are many alternative coins that are rapidly making their impact in the market. Read here more about the Alt-coins that are making their mark in the market. Conducting research is crucial to the process of investing in coins.
Identify the exchange platforms that will enable you to purchase tokens. Coinexchange and Bittrex are among the most reputable and well acknowledged exchanges. However, they aren’t responsible for guiding your purchasing decisions. Create your account and adjust your privacy settings. After going through the formal process of registration, the user can start exploring their options. Aside from allowing purchasing, exchanges enable their users to sell or trade their tokens
Don’t Be A Sheep, Don’t Follow The Herd!
When looking through exchanges don’t just head towards to the trending tokens, make sure you visit their page and website to confirm the potential for the token. Visit the website, their blog, social media pages, and most importantly their white paper. The white paper expresses the purpose and proposal of the agenda of the company. It’s very crucial to understand where you’re investing your money, don’t follow trends understand where you’re investing your money. Don’t be a sheep, don’t follow the herd. Conduct your research, read up on the trends and the potential of a specific token in the market.