10 Golden must do rules, before buying a COIN

mcurly (47) in cryptocurrency •  3 hours ago

Here are 10 things I think you should do before buying cryptocurrencies

I have been thinking about how to make my trading more efficient and I came up with this.

1. Obviously, the first step would be to find a coin you think you could trust
2. Take a look at its website
3. Learn about the technology it supports
4. Make sure to find whitepaper, and at least open it ;)
5. Go to Reddit! Twitter etc. Read at least a few articles about it so you can see what people think/ talk about your coin -to- be
6. Think about your decision, do you like what you see? Do you trust in the project? Would you HODL if it went down for more than 50%?
   If not, I'm sorry your coin is probably classified as ShitCoin, (as most of them),
   Abort mission! Return to step 1) and try again
7. Make sure not to buy on the day it went like 50% up, that's not a good decision, wait for it to calm down, corrections after big gains are likely to happen
8. Find an exchange you trust, register, wait for your account to be verified it might take a while. Oh, that might be step 0, but I don't recommend you that if you are buying for the first time. While you wait for your account, make sure to follow what's happening with the coins you want to buy, this will eliminate !some! bad decisions you might make as a new player.
9. This step is important!! Get the money you want to invest, think about it, do you need it? would you throw it in the toilette? If the first one is NO and the second one is YES, you are ready to go! Crypto market is a wild thing, you don't want to invest funds you will need for food the next day.
10. Looks like you are ready to go, buy your ideal Coin and kiss your transaction goodbye, since you most likely won't be getting the gains you were hoping for!

And a bonus:

MAKE SURE: Don't let go, remember you trust in your coin, corrections happen, HODL it's going to be worth a fortune one day !

That's how I do it, I'm not saying that you should do the same, but just wanted you to read it :)

Good luck with the trading!
And for those of you who think I'm trying to make you not buy the coins, yes I am.
But not because you wouldn't be able to earn on cryptomarket, but because the gains are HUGE but the losses might be even bigger, That is why you need to think about your decisions twice.

If you liked my article, please share it, like it, let the people of Steem see it :)

Take care friends!

p.s. buy the dip, you know how it goes ;)