How to research Cryptocurrency.
They say when it comes to purchasing a property that Location, Location , Location is key. Well the same can be said for any investment you embark on, that Research, Research, Research is your key to success. You can never undertake too much research before deciding to take that leap. After all it’s your money and you need to comfortable parting with it.
The ultimate goal when it comes to research is to find a cryptocurrency that has the potential to turn a modest investment into something fantastic. As with so many investment vehicles out there, there is seldom a sure fire approach to finding the next coin that will “go to the moon”. If you’re new to crypto then you will get use to hearing that phrase a lot – particularly across social media platforms and from countless people claiming that coin XXX is “going to the moon”.
Now the prospect of undertaking research probably bores the pants off you as there is usually a lot of paperwork to read, understand and digest. Infact, I’ve written a blog about Which Cryptocurrency Should I Buy which offers an excellent insight into the process you should follow when deciding the time has come to part with your hard earned cash. At the end of the day how do you know you’re actually making the right decision when it comes to finding the next big thing (or in this case, the next big coin)? Sure the research might sound impressive, but fundamentally what is it you’re actually looking for?
Sure you can spend hours reading books or attending training course and yes, that probably will help you to a point……………….but how do you know when you’re finished your research?
Instead of me trying to act as an expert and sound really knowledgeable with fancy words, I recommend that you dedicate 30mins of your crypto research to watching the video below. Why should I?……I hear you say. Well good question my friend! The guy in the video is, in my opinion, one of THE best minds in crypto. He has dedicated a substantial part of his life understanding the crypto world, what influences the market, why some coins do amazing well while others implode etc… but more importantly…………how to undertake research that could identify the “next big thing”. His name is James McMahon and a few year ago he advised his members to buy a coin called FANTOM. Now at the time Fantom was 5c a coin. James released his daily video (which goes out to all his members) telling them there is this sleeping giant that he HIGHLY RECOMMENDS you consider investing in. That is essentially what he does…………………..he does all the hard work and researches the life out of crytocurrency……….then tells his members what coins to buy. He then tells them when to sell………………..as before, based on market research and being able to understand where the market is going. Ow yeah……………..had you invested just £100 into FANTOM then 9 months later when James told you to sell, you would have walked away with £67,000. I know………..insane, isn’t it? If this sounds too good to be true I encourage you to Google this – the evidence is out there. If you want a short cut to it then here you go.
Anyway, I digress. Get comfy and lets learn the fundamentals of researching crypto. If you like what you see then you too can become a member of James team by clicking here.
I sinserely hope you have found this blog useful. Please leave a comment below letting me know where the holes in your crypto knowledge are and I’ll do my very best to help you.
Take care and thanks for reading.