In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors. Coins doubled, or tripled, their value and much more in relation to their value on the crowd sale.
Not all the projects benefit their investors. Many ICOs proved to be complete scams, not only were they not being traded at all but some projects disappeared with the money and we have not heard from them right up to this day. So how do you know if you should invest in an ICO? Pay attention to the Bitcointalk thread does it exist at all? Is there a large community behind the project? Expect to see a Slack gathering its community.
Watch out the amount raised: And most importantly is risk management. Never put all eggs in one basket and invest too much of your portfolio in one ICO. A final tip — practical steps to implement right away: In Poloniex exchange, the difference is 0. Traders with no pressure: Pressure almost always creates losing trades.
Wait for the next opportunity, you will get there. Setting goals and placing sell orders: After a short while the market recovered slightly and anyone who had low buy these low orders could easily double or triple their investment. Buy the rumor, sell the news.
When major news sites publish articles it is usually exactly the right time to actually get out of the trade. You have made a good trade, but as always, the moment you sold your coin runs up again!
Secondly, read over what was written previously here and never enter position again under pressure. As long as there is profit — you are ok. Leave your ego aside.
You can trade the major altcoins without the need of picking up the technical knowledge of cryptocurrencies, however it is suggested to follow the news associated with the industry to be able to act quickly on major market moves. In order to start trading, the traders should pocess altcoins that can be transferred from the altcoin wallet to the altcoin exchange. There are some exchange on the market, where you can purchase altcoin directly on the site before starting trading. In other cases you have to own altcoins upfront.