Hello Crypto-enthusiasts and future Millionaires,
I was looking for charts of different cryptocurrencies on coinmarketcap from last few days.
Almost all coins have something in common. Top 100 coins has marketcap of $114 million to $310 billion. All coins are very cheap in the beginning and later they explode.
- The coins which are very new and have high marketcap, it means it has some good technology behind it. We don't want to master it. But from it's marketcap we can see how much other people trust it.
- If the coin with high marketcap didn't explode it is high chance it will explode later. so it's buying opportunity. For Example Bitcoin Gold (BTG), XEM, Ethereum Classic (ETC).
- Don't buy bitcoin because it doesn't have that much room to grow. I only buy bitcoin when I want other cryptocurrency, so i buy it and exchange it instantly.
- Instead of day trading you can earn more by holding it for a while.
- Frankly Speaking, no one knows what will be the price of any cryptocurrency after an hour or next day or in future. I have seen so many videos on youtube. when certain crypto explodes they make videos and tells, hey guys look at this currency.
The day before even they didn't know this is gonna happen.
These is based my experience. More later.. Thank you so much..!