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Coins like Bitcoin, Ripple, Ethereum, Bitcoin Cash, and many more such fundamentally strong coins have turned out to give stellar returns over the long term. If you want to know buy Bitcoin Cash in Canada or any such fundamentally strong cryptocurrency and have a healthy portfolio then have a look at some of the points mentioned below.
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How to separate the best from the rest and make smart investment choices
The cryptocurrency market presents opportunities daily and if capitalized on smartly then one can generate some handsome profits. What is it that separates the smart investors from those who tend to invest blindly and eventually crash and burn? This article will help you understand how smart investors pick the cryptocurrencies which are a safe bet and at the same time generate good returns. Coins like Bitcoin, Ripple, Ethereum, Bitcoin Cash, and many more such fundamentally strong coins have turned out to give stellar returns over the long term. If you want to know buy Bitcoin Cash in Canada or any such fundamentally strong cryptocurrency and have a healthy portfolio then have a look at some of the points mentioned below.
For now, let’s get started with looking at some factors which help us pick the right cryptocurrencies for Investment1) Market Capital:This is one of the most crucial factors to consider before investing in a cryptocurrency. High market capitalization is directly proportional to a fundamentally strong cryptocurrency since it showcases investor confidence. More people park their funds in something which they are confident about which increases the market capital of a currency. One must always filter a currency with a good market capital before making any investment decisions.
2) Volume:It is very important to trade in currencies with good volumes since they are less prone to manipulations. A currency low on volume can easily be the target of a pump and dump scheme as it can be manipulated by a single person or group holding a large amount of the currency. Currencies like Bitcoin, Ethereum, Litecoin are less prone to these manipulations since they trade in very high volumes and thus cannot be manipulated by any single person.
3) News :It is crucial to understand that any sort of news (positive or negative) plays a very big role in the movement of a cryptocurrency. Any positive news will cause an immediate rise of a cryptocurrency whereas a piece of negative news will do just the opposite. One should be well-read and informed about any recent developments which might cause movements in either direction. One such example is that if a cryptocurrency is involved in any sort of scams or is under any regulations then it is best to avoid that and look at other options.
Now that you have all the information you need, how to proceed?One should always look at the above factors as a combination before making any investment decisions. Cryptos such as Bitcoin, Ethereum, Ripple is all a great example of making investments using the factors mentioned above. If you are wondering how to get started and how to buy ripple in Canada or any other currency for that matter, all you need to do is log on to the Netcoins website and follow these instructions. First, you need to provide your personal information to open an account. Then, you need to get your details verified. After this is done, you can transfer money into the wallet and begin trading.SOURCE CREDIT: https://netcoinscanada.wordpress.com/2021/07/26/how-to-separate-the-best-from-the-rest-and-make-smart-investment-choices/
