How to research which altcoin to buy
There are more than a thousand altcoins to pick, which one will make the most money for you? How to research which altcoin to buy? Picking a good investment is not easy and making money is not easy. You have to study and do your homework.
Currently, the coin market is very attractive. More and more people are shifting from the share market to the coin market because the coin market is very bullish at the moment. Also, it seems to be easier to make money than trading shares. But before you buy anything, you need to do your homework. You don’t want to see your money disappeared overnight. There are places where you can get the latest information.
Type in the name of the coin you want to invest. There are lots of information on Youtube and there are many good video. Here is an example below on Siacoin. Try to learn what is the technical behind the coin and see if you can understand. You don’t want to invest into something which you don’t understand – as least the basic principle.
Coin Market Capitalization
One of the most popular websites we use to find information is Coin Market Cap
You can see how the value of the coins and also it is a good place to get relevant information. You can get all the numbers and figures.
When you click on the name of the coin, you will see the screen below.
As you can see, there are lots of information. You can visit their website and see the white paper and find out who they are the people behind the company plus other information and news.
Regarding news on certain coin, you can search on Google and you will be able to see the latest news.
There are good information on reddit ror most of the coins. Be sure you don’t believe everything they said, some of them want to promote the coins they brought.
A very good website for doing research on digital currency, they give rating on different aspect of the coin for comparison.
In fact, there are too much information on the internet. We don’t know what is true or untrue, and we can only use our own judgement. I wish you all the best.
I have picked a very good Youtube video for you below. I hope you enjoy it.