ARE YOU A BEGINNER?
Don't just buy coins
Here are some tips that can be used as a reference for crypto investment:
1. Why do you want to invest?
Before starting, determine your goal. Do you want to make a quick profit (trading) or save for the long term
2. See the Project Behind the Coin
Don't just buy coins! Check the project first. Some things you should check:
Whitepaper: This is a kind of document that explains the purpose of the project
Development Team: Who are the people behind the project?
How it Works (Consensus): Find out how the system works.
3. Market Capitalization
This is a measure of how big the coin is in the market. Coins with large capitalizations are usually more stable, but their growth is slower. Small coins may rise faster but are riskier.
4. Liquidity
Make sure the coin you choose is easy to sell or buy. If the liquidity is low, it can be difficult to sell coins and the price can change drastically.
5. Price Movement
Crypto is notorious for its price fluctuations. Before buying, try checking the price movements in the last few months. Coins that are too volatile may be suitable for trading, but are riskier for long-term investment.
6. Legal Regulations
Make sure you understand the rules in your country regarding crypto. Because these rules can affect how you access and secure your investment.
7. Security
Don't just store coins on an exchange. It's better to use a secure crypto wallet, especially if you want to store coins for the long term.
8. Choose the Right Exchange
Make sure you buy on a safe and reputable exchange. Look for one that has strong security features, such as two-factor authentication (2FA).
9. Community Support
Coins that have an active community usually have good prospects. Check the project's forum or social media, are they busy and active?
10. Don't Put All Your Eggs in One Basket
Don't invest all your money in one coin. It is better to diversify your portfolio by buying several types of coins
You can make smarter decisions when buying crypto coins.
