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Investment

Investment

NO BONUS, INCREMENT THIS YEAR? DOESN’T MEAN NO SIP

Undoubtedly, 2020 has been a challenging year for the industry, economy, and businesses. Thanks to the pandemic hovering in our lives, a lot of us haven’t got increments and bonuses to match the previous years. Along with lower annual inflow in your bank account, your mutual fund investment values are perhaps a standstill too. So, in such a situation, what should you do about your mutual funds? Invest in SIP to ensure that you contribute towards your future financial goals in a disciplined manner.

What is SIP?

Systematic Investment Plan (SIP) is a way to invest in mutual funds. Under SIP investments, an investor contributes a fixed amount at regular intervals for a specific period in their preferred mutual fund schemes. The periodicity and the investment amount is predetermined by the investor before starting an SIP. The periodicity of the intervals can be daily, weekly, monthly, quarterly, semi-annually or annually. This instils financial discipline among investors which is necessary to achieve long-term financial goals. However, how should you go about SIPs during such times of uncertainty?

Here’s what you can do during such uncertain times.

  • Don’t stop your monthly investment– While you might have pencilled a specific growth in your SIP each year if you haven’t got an increment or significant bonus this year, hold on to your last year’s investment amount. Also, try not to lower your monthly SIP investments because your long-term goal is fueled from your monthly SIP. Cut down on your expenses if need be, but consider SIPs as sacred and continue with it.
  • Don’t switch to safer options– Conserving profit in times of a market downturn is a natural thought. Investors often wonder if they should stop with their equity investments and move to safer investments like debt funds or fixed deposits. However, doing so will dent the return expectation on your long-term goals for which you begin your regular investments in equity funds. It’s best to make your peace with falling returns and stay put if your goal is still far away.
  • Cut back on discretionary expenses– If you must, you should cut down your costs to accommodate SIP investments. This does not mean that you have to forgo your necessary expenses and daily needs like fees, medicines and so on. Instead, you should rethink large spends like weekend trips, designer apparel, vacations, etc.

Slack on some of these frills and you’ll realise that you can generate that little bit extra money every month which lets you continue your daily lifestyle without pulling back your SIPs or dipping into your investment pile. You can also use an SIP calculator, also known as SIP return calculator to understand the returns on your mutual fund investments on maturity. Happy investing!

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FinanceInvestment

Bitcoin Revolution Review – Ideal For Beginners And Experts Alike

What is the Bitcoin Revolution?

Before starting this Bitcoin Revolution review, it is important to understand what an auto trading crypto bot is. An auto trading bot is a software that allows traders to trade in cryptocurrencies. Cryptocurrencies are digital currencies that do not have a central regulating authority (such as a bank or a sovereign state) issuing the currency. Majorly, cryptocurrency exchanges and cryptocurrency brokers are usually used apart from trading bots to conduct trades of cryptocurrencies. Bitcoin Revolution is one such crypto software bot that helps in the trade of cryptocurrencies. It claims that it has an award rate of 88%.

What are the features of the Bitcoin Revolution? Should I select it as my preferred option?

Different features are usually analyzed when it comes to judging the utility of a cryptocurrency software bot. Here is an analysis of the most important facets that will help you decide as to whether or not you want to make your trades with the Bitcoin Revolution.

  • How ideal it is for beginners: Truth be told, whoever it is, given the nascent stage of digital currencies itself, everyone is a bit of a beginner when it comes to cryptocurrency trades and mining. One of the most important things when it comes to choosing a cryptocurrency platform or software, especially if you are just starting is checking how beginner-friendly it is. One of the best things about this Bitcoin robot is that it is tremendously beginner-friendly – the testimonials of beginners about the software is a testament to that. Therefore, if you are a beginner to Bitcoins, or if you are a beginner to using a software bot to make your trades, you will find this platform, not just functional, but also tremendously intuitive.
  • How the profits are that you can make with it: Now while this depends on your ability and a variety of other influencing factors and circumstances, Bitcoin Revolution is one of the cryptocurrency trading software’s that claims to provide bigger awards or win rates to its users. This combined with the fact that it is beginner friendly makes it an ideal platform and a platform of choice for many users. While a 88% win-rate may be an exaggeration, there is no doubt that you can make a decent profit off of the software.
  • Whether it is legitimate: Given that you are investing actual money in the trade of cryptocurrencies, it is important to choose a platform that is not just effective in terms of the profits that it provides, but it must also be a legitimate and a safe platform for the user to engage with. While there is plenty of trading software on the internet today for the trade of cryptocurrencies, not all of them are legitimate or safe in any way. Bitcoin Revolution seems to be a legitimate software for the trade of cryptocurrencies. Apart from ensuring that the platform itself is safe, it also makes sure that the private information, including the financial information of its users, also remains confidential and safe.
  • No subscription fees, but charges based on your profit: Now most brokerages and exchanges do not have an incentive to make sure that the traders are turning a profit because they are paid a commission anyway. However, with the Bitcoin Revolution, one of the biggest benefits is that there are no subscription fees, but a nominal 1% charge based on the profits of your trades. Therefore, the software does not making any profits unless you do! – what can be better than this?
  • Easy withdrawals and deposits: There are two things that anyone who performs online transactions wants – one is the ability to make deposits and withdrawals easily, and two, is the ability to use different payment options depending on what is most convenient to them. In both these aspects, the Bitcoin Revolution software has some of the best features. It not only has a wide range of accepted payment options, but it also allows for easy withdrawals and deposits. Therefore, if you are wondering whether you can perform your transactions with ease, there is absolutely no doubt that you can.
  • The interface of the software: The more complicated, glitchy, slow, and poorly designed software is, the harder it is to use it and leverage it for the purpose that it is meant for. The Bitcoin Revolution software is designed in a manner that is not just highly functional, but it is also highly intuitive ensuring that all of the transactions that you want to perform can be done by you without too much effort. The aesthetics of the platform are also designed intuitively ensuring that you will not feel like the software is an eyesore.

For all of these reasons, if you want a software which offers an intuitive, safe, and a highly dependable way to make some money, you can check out Bitcoin Revolution and leverage the benefits that it has to offer!

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Investment

Advantages of investing in SIP

“Little drops of water make the mighty ocean”. This concept is followed by a popular mode of investments – Systematic Investment Plan, or commonly known as SIP.SIP is a mere tool to invest in mutual funds. Under SIP investment, an individual invests a fixed amount at periodic intervals in their desired schemes. SIPs help to accumulate wealth by regularly investing money for a long period.

This article will focus on the advantages offered by SIP investments. These are:

  1. Disciplined investing

Since SIP investments are automated in nature, they help to instil a sense of financial discipline among investors. Once you have started an SIP investment, a fixed amount gets automatically transferred into your preferred mutual fund schemes.

  1. No need to time the market

Investors are always in the dilemma if it’s the right time to invest in mutual funds or not. No can accurately predict the volatile market or if it has reached its peak or low point. Investing via SIP resolves this quandary as SIP is a periodic investment that occurs across all market cycles. Hence, one does not need to time the market when investing via SIP mode.

  1. Power of Compounding

When you start to invest early and for the long term, you reap the benefits of power of compounding.An investor avails the benefits of compounding when they earn interest by reinvesting their interest. In short, your money works to generate money on their own for you. It is also referred to as the eighth wonder of the world by some.

  1. Rupee Cost Averaging

Under the SIP scheme, investments are made towards the preferred mutual fundsirrespective of the market condition. This results in purchasing more fund units when the market is low and fewer units when the market is rising. This averages out the average cost of mutual fund units purchased. This principle is known as rupee cost averaging.

  1. Ease of investing

SIP makes it very easy to invest in mutual funds online. With SIPs, you can invest as low as Rs500 per month.Investing in SIP is a hassle-free process as the amount gets automatically deducted at given intervals once your one-time mandate is approved.

  1. Lighter on the pocket

Unlike other modes of investments such as lumpsum mode, you do not have to empty your pockets or go all-in when investing in SIP.SIPs allow you to invest in mutual funds according to your financial condition thus not generating financial stress among investors.

If you want to gauge a fair idea on the future value of your investments, you can use an SIP calculator to help you understand the market value of your mutual fund investments. This will help you to get an estimate on the amount required to invest in SIPs to achieve your goals in a given time frame. Happy investing!

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Investment

How To Make Better Investment Decisions

Do you want to make better investment decisions? Whether you are new to the world of investing or you are more experienced but have made a few bad choices in your time, there are always a few steps that you can follow which should help you to make more intelligent decisions which will hopefully help you to succeed and achieve your investment goals. There is, of course, no guarantee in the world of investing and so you will need to determine your risk tolerance when starting out, but read on for a few tips which should help you to start making better decisions immediately.

Use Your Head, Not Your Heart

One of the biggest mistakes that beginners make when it comes to investing is going with their heart instead of their head. You may want a certain investment to succeed, but that does not mean it will – often, the best and safest investments are the less exciting or glamorous ones that can deliver consistent returns over the long-term.

Diversify

It is a tip that even those that do not invest know about, but this is because it is so important. It is much better to have eggs in several baskets as opposed to all your eggs in one, so diversifying your portfolio is vital for success. This can mitigate risk and help you to maintain regular returns even if they are low.

Immerse Yourself

It is no surprise that those that succeed in the world of investing are the ones that make it an important part of their life. Immerse yourself in the world of investing and you should find that you become more confident and gain the knowledge to make the right, and timely, decisions. You can do this by:

  • Joining online communities
  • Reading blogs
  • Listening to podcasts
  • Following experts

Valuations From Experts

When it comes to real estate, you can make smarter investment decisions by getting valuations carried out by experts. Experts like Gerald Eve have been working with the Victoria and Albert Museum, so you know that they have the expertise to guide you towards the right investment decisions.

Don’t Be A Sheep         `

People often follow the crowd when it comes to investing, but the trouble with this is that by the time that a crowd has formed, it is already too late. You need to be on the ball and jump on opportunities early in order to benefit from them – this is challenging but the other tips on this list should help you to identify good opportunities early.

Only Invest What You Are Comfortable Losing

You should never invest money that you cannot afford to lose. By investing money that you are comfortable losing, it takes the pressure off of your decision making which should help you to make the right decision (it can also make investing more enjoyable too).

Follow these tips and you should start to make better investment decisions and see returns before long. Whether you are new to investing or simply trying to make better decisions, it can be tough buthopefully, this advice will be of good use.

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Investment

Cannabis cryptocurrencies to invest

Strict regulations have pushed the legal market of cannabis to embrace cryptocurrency. For Cannabis, the incredible healing benefits that have helped many people suffering from chronic pain, insomnia, and other serious problems like PTSD led to increasing calls for its widespread availability and use.

The biggest challenge of the cannabis industry is the cash problem and restrictions imposed by the federal government. Banks are unlikely to offer their services to any vendor dealing with cannabis as long as the plant is Federally considered a drug. For the most part, the cannabis market is one of the biggest and fastest-growing markets in the US but still the market stays in a grey area.

That is the reason there are several altcoins related to Cannabis industry that try to offer solutions to the industry.

Here’s the most important ones.

CannabisCoin

First in the list is CannabisCoin. This cryptocurrency was created in 2014 and its purpose is to simplify payment transfer between business and consumers. In other words, CannabisCoin aims to make transactions smoother and easier for medical cannabis dispensaries. This coin looks to provide a straightforward exchange ratio from cryptocurrency to actual cannabis medicines. For example, one can easily exchange Cann at a rate of 1 coin to 1 gram. CannabisCoin is benefiting from California’s marijuana legalization and as at the beginning of the year, its market cap was $22.8 million. And interestingly, one CannabisCoin was worth $0.296.

PotCoin

Established in 2014, PotCoin is a Canadian coin used to pay for goods and services. It is the first cryptocurrency designed to facilitate the underserved legal marijuana industry with a decentralized banking infrastructure and payment solution. PotCoin is a banking solution for the $100 billion global legal marijuana industry. PotCoins allows cannabis enthusiasts to interact, transact, communicate, and grow. According to their: “Using PotCoins, industry members will realize significant cost savings, scalability, and unparalleled enterprise security”.

HempCoin (THC)

THC is a cryptocurrency that runs on a blockchain, similar to Bitcoin. THC was created in 2014 to serve as a payment solution for businesses in the agriculture, hemp, legal cannabis, and tobacco industries. This Crypto currency had a 170-million-dollar market cap in January 2018, THC traded over 20 Million dollars per day, and it reached the top 100 on CoinMarketCap. THC is fully vetted by Bittrex for the SEC as a non premined fair coin, was among the first 30 coins ever created in 2014, is a vetted fair community coin. HempCoin is currently traded on one of the largest digital currency exchanges in the world, Bittrex.a decentralized way for consumers, businesses, & growers to transact.

DopeCoin

DopeCoin is a cryptocurrency that’s aimed at helping cannabis merchants and consumers enjoy easier transactions.DopeCoin wants to increase security and transparency for store owners. Yes, as a dispensary owner, chances are you’re dealing with hundreds of thousands of dollars in cash every month. And of course, with today’s federal laws and regulations, you might find it hard to simply transfer the entire lot to the bank. Of course, after splitting the cash, buying supplies and paying employees; you’ll need to figure out how to take the leftover money to the bank. The good news is, it’ll be way easier to transfer cash straight to your bank. And perhaps the best thing about DopeCoin is that users will be able to perform fast and secure transactions at no cost.

It seems that the future is bright for the legal cannabis market. There are already many dispensaries and it is very easy for us to shop many related products by visiting an online headshop but there’s a lot of growth expected. Based on the market valuation of public marijuana companies, investors seem to think the market size is going to be $20 billion. We would expect marijuana stocks to go up soon.

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InvestmentNews

Top investment options in India for NRIs

Indians who live abroad often transfer money to India to meet family obligations. The money they remit may cover the daily expenses of their loved ones, as well as rent, tuition fees, medical costs, and so on. But when it comes to international money transfer for the purpose of investments, many non-resident Indians (NRIs) remain clueless.

To carry out investments in India, you will first need an NRI bank account. You could opt for a non-resident external account (NRE) account which permits you to hold your overseas earnings in Indian rupees. Alternatively, if you earn an income in India, you could get a non-resident ordinary (NRO) account to hold your earnings back home. You could also look into digital remittance solutions like Axis RemitMoney, which promise a quick, easy, and affordable international money transfer to India experience.

Once your remittance modes are in place, you are ready to start investing. Here are five investment options that NRIs could explore.

  • Fixed deposit

This is a popular investment tool among resident Indians as well as NRIs. One key advantage is that fixed deposits offer a fixed interest rate throughout the term of the deposit. That makes it a good proposition for investors with a low risk tolerance. The interest rates vary according to the term selected. In general, you can expect to earn interest of around 6% to 7%. Senior citizens enjoy a slightly higher rate.

You can invest in a fixed deposit through your NRE or NRO account. Just keep in mind the tax implications. Interest earned on NRE fixed deposits are tax-free. But any interest earnings from NRO fixed deposits are subject to tax deducted at source (TDS).

  • Equity and convertible debentures

Stock market investments offer relatively higher returns but they come with risks too. As an NRI, you cannot buy shares directly from a company. But you can invest in equities and convertible debentures through portfolio investment schemes of the Reserve Bank of India (RBI). To start investing, you will need an NRE or NRO account, a trading account, and a demat account.

Here are a few things to remember before you start:

  • As an NRI, you cannot engage in intraday trading and short selling.
  • The profit made from holding shares for over a year falls under long-term capital gains and is tax-free. If you sell the shares before one year is up, a short-term capital gains tax of 15% will apply.
  • Mutual fund

Are you investing for the long haul or the short term? Whatever your time horizon might be, there is sure to be a mutual fund to help you reach your goals. Choose from a wide range of schemes based on your risk appetite. Investing in mutual funds is easy when you have an NRE or an NRO account. However, NRIs based in the United States (US) and in Canada could face some restrictions. Owing to strict Foreign Account Tax Compliance Act (FATCA) rules, not all asset management companies permit NRI investment in mutual funds.

  • National Pension Scheme (NPS)

NPS is an excellent investment tool that allows you to save for long-term goals like retirement. This tax-efficient scheme brings you market-linked returns. The portfolio is diversified across a range of financial securities, such as corporate bonds, government securities, and equity-related investments. The scheme allows investors to create a corpus for retirement as well as a regular source of income. Any Indian citizen aged between 18 and 60 is free to invest in NPS.

  • Real estate

A large number of NRIs who live abroad hope to invest in property in their native land. Indian real estate is also a profitable investment option. NRIs can freely invest in residential and commercial properties and use them however they wish. But the purchase of agricultural and plantation land is not permitted in the case of NRIs.

Wrapping up

No matter how big or small your investment is, make sure to carry out end-to-end research before making any investment decision. Consider all options available to you based on your financial goals, risk appetite, and returns. By doing your homework, you can make wise decisions about how to invest your hard-earned money.

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FinanceInvestmentTrading

KaratGold Coin (KBC): Real Digital Gold in the Cryptocurrency Space

Bitcoin has many nicknames, but fewer have entered the public consciousness quite like “Digital Gold”. We’ve heard this moniker so many times, we don’t even think about it anymore. But is it possible that this title has been misapplied?

Like gold, Bitcoin exists in limited supplies. Like gold, Bitcoin is mined (sort of). Beyond these two points, though, there really isn’t much that BTC has in common with gold (Au). Gold is a physical asset. It’s removed from the ground for its use in industry and as an asset of exchange. Bitcoin is contained in software. And even though it is o used in the financial world, it never takes a physical form, nor is it applied to many of the same use cases as gold.

However, this is not to say that another cryptocurrency can’t function this way. We’re pleased to introduce KaratGold Coin (KBC), the first cryptocurrency that may actually fulfill all of the qualifications necessary for something to truly be called “digital gold”. Here’s how it works.

KaratGold Coin – Exchangeable for Real Gold

KaratGold Coin (or KBC) is a cryptocurrency offered by Karatbars International. Karatbars is a gold company that has been in operation since 2011. In their near decade of business, Karatbars has fulfilled the mission of Dr. Harald Seiz – to make gold useful as a currency again.

Almost all nations have abandoned the gold standard at this point in history. There are many reasons for this, but in most cases, gold is simply to value to function as cash anymore. Even small coins have values in the hundreds of dollars, so it’s hardly a practical way to buy a cup of coffee at Starbucks.

Dr. Seiz saw an alternative to the degilding of the world’s financial systems. With CashGold, Karatbars introduced physical currency notes with tiny gold bars inset. CashGold can be stored in a wallet or accessed through an ATM.

In February 2018, Karatbars introduced KaratGold Coin in a $100 million ICO. Starting July 4, 2019, the coin will be exchangeable for CashGold notes, through participating ATMs. With this system integration, gold becomes fully digitized. Those who wish to buy gold virtually can do so through KBC. If they ever want to trade their KBC for the real thing, they can do so.

KBC has other utilities. The coin will also be the native currency on the IMpulse K1 smartphone. The Impulse K1 is the first smartphone with a blockchain powered operating system. KBC will pay for call time and all other functions, making it the first choice for any gold investor who also loves blockchain. When using the phone calls and text messages are not transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). It uses peer-to-peer encryption that cannot be hacked or manipulated. Data stored on the device, such as images or documents, are saved and enciphered through the IFPS platform, which is a decentralized storage medium based on blockchain technology.

Karatbars International has created a truly unique, unified digital gold ecosystem. Through the K-Merchant application, KBC can also be spent online through thousands of retailers. This completes the circle, digitizing gold and making it spendable online.

Through the efforts of Karatbars, gold is no longer an antiquated asset. People can buy gold with Bitcoin, Ethereum, and fiat currencies, anywhere in the world, then spend it online through KBC or increase their stacks of CashGold notes through exchange of the crypto asset. It’s an incredible system and we are conviced that it will have a bright future.

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Investment

The Basics of Investment Planning

 

Taking control of your financial future is one of the most important things that you will ever do for yourself and your family. Most Americans are living paycheck to paycheck and recent studies have shown that most people are only three paychecks away from financial ruin. This is a scary fact to read and take in but it’s the reality that most of us are facing. You may be sitting there thinking that money is so tight right now that there is no way you can afford to save right now but the truth is you can’t afford to. You don’t have to be a millionaire or have a lot of money to start your financial planning and you can do things now to start out small and as time goes on you can grow into the bigger investments.

Save Money Every Week

Saving just twenty-five dollars a week is a good way to start. You can have this amount automatically taken out of your paycheck every week and deposited into a savings account that way you won’t have it in your checking account to spend. If you are still saying that you can’t afford twenty-five dollars a week then make a budget and see exactly what you are spending your money every month and find different ways to cut back or find things that you are paying for that you don’t absolutely need and get rid of them.

401K

What is a 401k? A 401k is an employer-sponsored retirement savings plan that is typically apart of your benefits package through your job. You can go to your human resources department and enroll and you can have the money taken out of your check and deposited into your 401k account. Once again you don’t have to start out big and you can put it as little or as much as you want.

Stock Market

When you get your finances in control and you have been saving money with the above mentions methods you can graduate into some of the more advanced investments such as the stock market. It will take you a little time and research to understand how the stock market works but once you get the hang of it you can potentially make a lot of money but be cautious when playing with the stock market and don’t put all your money into it because the stock market does go down at times.

Property

Real estate is a great way to invest your money. You can purchase homes and use them as rental properties or you can flip them. Flipping houses is where you buy the home at a cheap price due to the distress of some form and you make necessary repairs and then sell it for a large profit. Make sure you do your research on the home before you purchase and find out how much the repairs are going to cost you before you buy it.

All of these things can be a part of your investment planning and if you do your due diligence with each of them they will pay off in the long run. Saving money is not a race and you don’t have to be super aggressive with it in order to get results. Easy does it and just make sure that you are steady with it and over the course of twenty years, you will see significant results. Taking the steps to secure your financial future will give you peace of mind.

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Investment

Cryptocurrencies Trading Strategies You Need to Recognize

Electronic money or currencies are always associated with internet that uses cryptography. Cryptography is usually a process of converting legible information into a nearly unbreakable or encrypted program code of information, to monitor transaction processing. The method was created during the 2nd World War for conducting protected communication. Later, it provides been evolved within the specialized era with an element of mathematical theory and computer technology to invent a method to protect the online transaction of the currencies.

CRYPTOCURRENCY TRADING STRATEGIES:

The following are a few sets associated with cryptocurrency trading strategies which usually one may use for investment:

DAY TRADING:

Day traders are recognized to retain it simple and play it safe. They utilize short-term market variances and trade their currencies depending on the worth of the share upon a day to time basis, thus usually getting done by the finish of the day plus most likely earning the profit of a simple 1 to 3 % of their initial expense.

TREND TRADING:

Trend trading constitutes of starting a posture in line along with the trend- as plus when it is about into the particular market. This position will be open as long since there is a decent price movement in the market and believe in quick openings and closings of the availability associated with their shares. This strategy could be beneficial within the long run because trends can produce at their own pace, over any time period.

SWING Your TRADING:

Swing trading exclusively focuses on the fluctuations and oscillations of the particular prices in each tendency, making apt use to this arbitrary nature associated with the market by investing in both directions-high plus low. This trading technique requires an investor in order to have a thorough knowledge of the technical signals which henceforth move the marketplace.

Best one which provides to your needs and performs not be afraid in order to get up on the field and start playing the overall game!

START SMALL AND GROW GRADUALLY:

There is no harm in attempting to play it secure and start with the smaller initial investment. In fact, most investors would certainly call this the best move to get a beginner. Remember, Rome was not built in a day!

DIVERSIFY:

A great man once said, “do not maintain all your eggs in one basket”, thus stressing on the importance of maintaining a diverse and vast means of income. Develop your crypto trading profile, just like a record, in order to maintain track of all your own investments and also to understand what your next step should be.

Always Work Smart:

In order to “work smart”, it is required to spend time associated with efforts in scanning the particular market and analyzing the particular highs and the levels within. Failure might end up being confronted, but learn in order to take it in your own stride and never do it again the same mistake again. Do not ignore the particular warning flags in the marketplace values.

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Investment

Finding the Right Cryptocurrency Coins for Investing

Investing in cryptocurrency is exciting but you need to make sure that you choose the right virtual coins for your needs. Before you invest any of your hard-earned money, you will want to consider the following factors. 

Image Source: Pexels

If you are ready to invest in cryptocurrency coins and need to know how to assess the risk of your future investments, then there are a few things that you need to consider. Many people make the mistake of investing in cryptocurrency coins without doing their research and this can result in them investing in coins that aren’t the best fit for their needs. While it’s easy to only look at the price of your future investment, there are a few other things to consider.

  1. Consider the Future

Before you buy Bitcoin, you need to make sure to pay attention to the liquidity of your purchase. This is generally very easy to find out but will involve you doing a little more research than simply comparing prices. When you look to the future of a particular cryptocurrency coin, you will be able to tell if there are major updates coming, if there is an expected limit, or if there is a lack of planning for development.

Image Source: Pexels

  1. Look at the Developer

It is also very important to consider the actions of the developer of a particular cryptocurrency coin. It’s easy for mostly anyone to create these coins but this doesn’t mean that they are a good or a smart investment. By researching the history of a developer and making sure that you are only working with ones who have a good reputation and a good background, then you can easily reduce your risk.

  1. Consider the Community

In addition to looking at the developer as a source of stability or problem, you also need to pay attention to the community and the followers of a particular cryptocurrency coin. Not only will these communities be able to provide you with assistance during the purchase process, but they can often answer any questions that you may have about the foundations of the coin, the team, the strengths of the coin, and any problems that they foresee.

It’s important that you do your due diligence before investing in any cryptocurrency coins so that you can protect yourself and your investments. Failing to think through your investment can result in you being frustrated with the experience and possibly even losing money, which is why working with a professional when you need help is such a good idea.

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