Cryptocurrency Coins To Buy Now

Cryptocurrency coins to buy now

Half of the issue that I see with novice traders is that they look for coins that are going to be the “hidden gems” of the industry. They will throw all of their money into a coin because the CEO of the company claims its technology is going to change the world somehow.

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The crypto industry is full of claims and that makes it difficult to choose what coins to buy on a daily, weekly, or monthly basis. I am going to explain a few tactics in this article to help you make your trades more safe and effective.

Low Market Cap Coins

Coins that have a low market cap have incredible growth potential right?

Cryptocurrency coins to buy now

Well, that can be true but the majority of the time these coins have a low market cap for a reason. If we head over to https://coinmarketcap.com/ we are going to see a list of the top 100 coins. Almost all of these coins would be alright to buy (in certain situations).

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The issue is that Coin Market Cap allows you to look at basically every coin in the world. Many of these random small market cap coins get incredible gains of 100%+ per day.

I want you to understand that these coins are not good investments and they are basically just gambling. I personally only pick out of the top 30 market cap coins.

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These are going to be the most stable and the most predictable.

Buying Short Term Vs. Long Term

This topic brings up a lot of debate but I believe that if you are buying more volatile coins, you need to use it as a short term investment.

Cryptocurrency coins to buy now

Everyone has different goals, but you can’t buy a super low market cap coin and hold onto it for a year. I do not think that you are maximizing your gains this way.

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I am a firm believer that the less time you are in the market, the better. If you are not in the market, you can’t lose money.

Cryptocurrency coins to buy now

Only keep your money in the market if the coin is a stable coin. Other than the top 5 market cap coins, I would not suggest long term holds.

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Should You Buy Low or Buy High?

A huge mistake that I see investors make is they get caught up in the hype of a coin. They start hearing all of these rumors and they see the price shooting up, so they decide to put invest in that coin. The issue with this strategy is that 99% of the time you are going to be late to the party.

Cryptocurrency coins to buy now

If you feel like you are missing out on gains and you are thinking about buying, you have already missed the gains so it won’t make a difference.

Focus on using indicators to help you find good coins to buy.

Criterions For Evaluation

Once you find these coins, only buy into them if they are at a lower point in their 52 week cycle.

Pick Coins With Actual Potential

If you plan on investing in crypto, you NEED to fully understand how the various coins work.

We have plenty of articles on here that give you insights into some of the biggest coins. You need to do your research before investing.

If you don’t, you are basically throwing your hard earned dollars into something that you do not understand. Also, if you fully understand a coin, it is going to make you much more confident when you actually buy the coin.

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Confidence and knowledge are vital when investing.