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RE: How to Evaluate Cryptocuyrrencies in this information Jungle?!?

in #cryptocurrency6 years ago

The post is in German, but basically she has been informing herself about cryptocurrencies for two months now, yet it all feels like a jungle to her. So the question is: how do we know what to go after in this hunt for profits .

In my Opinion. Before all strategy, patience, education, organisation and persistance are key factors for successful investing. I also did a Sandbox Portfolio in Excell before i started investing real money. I treated this portfolio almost as serious as there were real money in it. This was very helpful to gain some virtual experience without taking serious financial risks.

Also not getting caught by Fomo is very important. Better miss out an opportunity before making decisions without having a clue what you are doing.

Time is your friend not your enemy.

Very good post btw. You certainly ask the right questions in your criteria of evaluation.