How to Determine which Crypto Currency to dive into!
Now there are a lot of projects in the crypto market space to an extent that making your first purchase is overwhelming and can make you end up being hesitant on even buying. Trust me, i have been through this phase before I stacked up my crypto portfolio.
However, being skeptical about certain agendas makes up the human being personality and has helped us to steer out of harm's way for decades being a survival mechanism for human beings to have made it this far. Regardless, with adequate knowledge purchasing your first crypto batch should be an exciting move towards building a diversified portfolio.💸
Use Market price-tracking websites
If you want to gain more insight on the crypto assets, tokens, NTFs, or any blockchain related project, market price-tracking website for come in quite handy to gain vital knowledge and information. These could determine useful aspects about the asset from market capitalizations to initiatives involved. You could also use these to determine if the assets is just hyped or worth buying. I would recommend CoinGecko and Coinmarketcap.
Learn Technical Trading
Most regard technical trading as a skill only for hardcore traders. Hold your horses on that one!😂
Equipping yourself with just the basics of technical trading could help you avoid pit-falls and get the best from most opportunities which the average trader can’t identify and user to their best advantage. These consist of simple analysis techniques like using candles sticks to identify Bullish/Bearish engulfing patterns, Bullish/Bearish divergence signal and false break outs.
Believe me, there are a lot of advantages of using technical analysis when building your crypto portfolio visit my blog to read and learn more. Have fun!