Investing in the top 10 crypto-currencies is never a big mistake. Investing in some of these cryptocurrency is also a guarantee of security.
What interests us here is how to invest in cryptocurrency with less capitalization. Altcoins, there are about 2,000. While some projects have enormous potential for growth, others are either scams or projects that are destined to disappear. It will, therefore, be necessary to be particularly vigilant before investing in one of them.
Our fifth tip is a very popular adage in the crypto world: DYOR! This comes from the English “ Do Your Own Research “ and means you have to do your own research before investing in a project. Never invest on the advice of people you do not know (having read a message on a forum for example).
To analyze in depth a cryptocurrency that interests you, here are the different media that you can use:
- Reading the white paper
- Specialized discussion forum
- Using Twitter
- Join Telegram, Discord or Skype
- Google Searches- Find Online Reviews, Reddit, Steemit, etc.
It is important to be well informed so that you can form your own opinion about a cryptocurrency. Do not hesitate to take your time before investing in a project. It is better to miss a good opportunity from time to time than to go headlong into projects that will make you lose money.