How to choose the winning cryptocurrencies in 3 stages?

How to choose the winning cryptocurrencies in 3 stages? (crypto superstar)

In this post, I will reveal to you a few hints to choose which can be the winning cryptocurrencies of 

what's to come. 

At the hour of composing there are more than 2,400 cryptocurrencies recorded, according to the Coin Market Cap site. Choosing which can be the champs is without a doubt a challenge. 

Yesterday I composed a post about how the cryptocurrency selection interaction would be , applying the principles that Warren Buffett uses to invest in stocks. Today I will reveal to you a few hints that he utilized while choosing crypto projects to invest in the medium and long term. 

Above all else, it is worth clarifying that the tips that I will list are not a "magic formula" , but rather rather simple principles that have worked for me over the long run. 

1-Bet on a solid project 

Before investing in a cryptocurrency project, you have to survey in detail what it is (Whitepaper). 

This point is basic for any investment one makes throughout everyday life, and crypto is no exception. 

A few aspects that ought to be considered at this point are: Who is behind the project, what is the value of the Token that they will issue and finally, what issue does it come to settle in the environment. 

2-Validity of the project 

Once I have picked a project that appears to be solid, I apply channel number 2: Project validity. In the event that the project is under 1 year old, I straightforwardly discard it to invest in the medium and long term . 

This point is vital in the event that you will make long-term investments, since in the short term a 

project can appear to be encouraging and then it ends up being something totally different. https://cryptosuperstar.co

As Warren Buffett says, you don't have to be smart to make money, but instead show restraint . That 

simple rule is critical to making money over the long haul. That is the reason I am slanted to wager on established projects like Bitcoin, Litecoin and Binance, instead of wandering into new projects. 

It is worth clarifying that occasionally I invest in new projects, yet only in the short term, looking 

for a speedy return. 

3-Trading volume 

Another important fact to take into account is the trading volume of a Token. Once I channel focuses one and two, I thoroughly investigate in various exchanges (mainly Binance) what volume the crypto has, 

in the event that it is low I don't invest, period. 

It is vital to follow the trading volume of cryptocurrencies since on the off chance that it is low it indicates that there isn't a lot of interest in transacting. 

Finally, I follow intently what crypto whales do , since there are many occasions intriguing pieces of information where the market is going. 

I trust that a portion of the focuses are helpful while choosing your cryptocurrencies to invest in the medium and long term. What selection measure do you apply to invest in cryptocurrencies? You can share your considerations in the remark section beneath.

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