How to judge the potential of a coin?
For experienced people, you can look at it from these aspects:
1: First look at the background of the founder of this coin. It is best to avoid domestic ones, and then those founders with insufficient funds, bad records, or those who have deceived investors should also be excluded.
2: Be wary of those exaggerated coins. For example, some coins are obviously imitations, but they boast that they can surpass Ethereum, Bitcoin, etc. There are also those coins that only pile up concepts but have not yet been put into practical application. These are not worth investing in.
3: If a certain coin is hotly discussed in the group, and someone shows off their earnings every day, then you should be careful. In the digital currency market, sometimes you have to think against the public.
4: Don't touch the coins that have been falling since they were bought and have not risen for several years, no matter how cheap they are now. This kind of coin may have been abandoned by the dealer, leaving only retail investors to kill each other. There is no point in investing in such coins.
There is also a more reliable probability method to judge:
1: If the coin has been listed on major exchanges such as Binance, Oui or Coinbase, it means that it has passed certain audits and paid certain costs. Such coins are relatively more powerful. You can try to invest with a small amount of money.
2: Coins with very low prices and market capitalizations between tens of millions and 500 million are also worth paying attention to.
3: Coins whose founders are foreigners may have a more international perspective and standardization.
4: Coins that have not been popular or heavily promoted before may have more room for growth.
Sort by market capitalization on Binance, select a few eligible coins, and invest a few thousand or a few hundred U to test the waters. When the bull market comes, these investments may become tens of thousands or even hundreds of thousands of U!
The market has recently pulled back, and many people want to find opportunities to enter the market. Then I will share some suggestions for selecting coins when they fall:
First, choose those coins that are more resistant to falling; secondly, choose coins with big story backgrounds, such as coins that can pull the market in the middle of the bull market, such as second-layer networks, sol ecology, atom ecology, and AI sectors and other popular theme coins.
Finally, if you are investing for the long term, now should be a time to be happy rather than frustrated, because the market has given you another opportunity to buy at a low price!Those popular new coins that you missed before, you can take the opportunity to buy them this time! Remember to buy in batches, don't be afraid of being stuck! What you lack is the courage to get on board! If you want to wait for the market to stabilize before buying, you have to be patient! You have to control your hands and don't trade impulsively!
In the bull market, stock up on spot, hope that the spot will double, if you can't hold it, click on my avatar and follow me.
I need fans, you need reference!
It's better to follow than to guess.
