What is the key factor when you choose a coin to invest in?
I have arranged some basics in the order that I apply to investing.
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1. Token type
- When I first started participating, I prioritized tokens with the AI ââtag, simply because I am a lover of new technology and I think it has quite a lot of potential. I have invested in some coins like that, specifically $IQ , it is cheap and I have experience with the technology behind it. (MDT coin is also an interesting investment)
- After a while, I got to know about tokens that can pay for its services. I decided that this is a potential second investment. (Here I want to mention DENT coin, but there are some other more important coins that I want to mention in the next part)
- At the same time, I learned more about the market, I grasped some information about the ecosystem, which was also the time when I had a stable investment choice and my market thinking changed significantly in a more positive direction. I invested in tokens of #TRON , especially $TRX . (My learning about ecosystems came from my questioning why ETH coin prices were so high)
- Finally, when my mentality is more stable and my knowledge about crypto is more certain, I choose tokens with breakthrough and practical elements, tokens with the Payment tag. I probably don't need to say much, but in my opinion, these types of tokens can be said to be decisive factors in the future if I invest in them. (I'm not sure if this is an opinion or a hope, people with a lot of experience in trading these types of tokens, please let me know if it's really okay?)
2. Token Price - Individual Market Cap
- Here I would like to mention only the basic issues because this part depends on each person. Mainly the trading trend in the crypto market is that everyone wants to buy low and sell high, buy in large quantities, so many times when buying coins in this case, it will be affected by psychology.
- I always invest in coins with prices under 1 USD (especially BTTC coin with the dream of becoming a dollar billionaire). The lower the coin price and the more I invest, the easier it is to dream, in my opinion.
3. Token Information - News
- This is definitely an important factor for people to make a choice. I rank it at the end of the criteria for choosing an investment coin, and in terms of transaction continuity, it is a special requirement that investors must consider.
- When I first started trading, I had some knowledge and I knew that the key to success in this market is information and a lot of information. But not all information is useful and accurate, so I practiced filtering information. Now we can use AI to streamline the time spent researching news.
- The first coin I chose was BTTC, it met more criteria than just the price (actually, I initially invested because of the price), it belongs to the ecosystem #TRON , it has its own technology, and it can be used to pay for services on its platform. If everyone considers carefully, BTTC is also quite good (saying that to attract more buyers, but the supply is like an endless supply, so it's hard to say, unless there is inflation)
- The second coin I bought after BTTC was LUNC, I know many people won't like it, but I joined this market long after the events happened. LUNC is still very cold, I can understand. I guess I just hoped, I bought LUNC two weeks before TFL's bankruptcy hearing. At that time, LUNC was 75, I was quite scared when I bought it, but after buying it, I heard about the hearing and I was even more scared. I don't dare say I bet right, maybe it's luck that gong a LUNC has increased quite a bit now. I read the news that LUNC is managed by the community, I think it's okay so I think I'll try to hold.
- The last coin I mentioned here is also the coin I recently invested in $XRP , needless to say this coin is super hated. Although I did a lot of research, but like last time, after buying it, the good things came out. This is also the reason I don't like #SEC that I mentioned in the first article. That's right, this coin also has a legal dispute with #SEC , although it won, it is still unclear because the deadline for #SEC to appeal has not yet expired. But it's okay, there is always positive news about this coin, it also meets many of my criteria. If this round is successful, I will add the criterion "There is a legal dispute with #SEC " because LUNC is the same. (There may be many people who don't like the article because of the appearance of some names, I hope everyone understands)
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There are still many other criteria that are more stringent, I am not convenient to mention. The article is for reference and entertainment purposes only, giving everyone some suggestions in their choices. The article is based on my investment situation up to the present time, it may no longer be suitable in the future. If there is any inappropriate part in the article, please do not hesitate to share. Wish everyone a good day.
