How do I know if a coin is good or not before buying it?
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How do I know if a coin is good or not before buying it?
Actually, no one can really tell you what a good coin is and what a bad coin is. Many people I know don’t even know how to read charts, but what I always try to check is if the coin I’m about to buy is a stable coin or shit coin. It’s always better to buy stable coin. You also should always read about reviews on a coin before venturing into buying it.
The value of a crypto coin tends to fluctuate a lot. You may see the price go up or down thousands of dollars during any month. If wild fluctuations like these make you nervous, you may want to avoid crypto investment. Knowing what coin to buy isn’t as important as knowing your risk tolerance level, how much are you willing to risk?