HOW TO SPOT A GOOD COIN / TOKEN FROM A BAD ONE
coinmarketcap.com or coingecko.com where you will find, up to date market analysis and find the winners that is in a downward trend percentagewise, as from a low percentage, they will most likely go up. Traders will trade with some of these coins starting their trade while they are in a downward trend and see significant gains (as they increase in percentage) but by the time they are in the green (upwards trend) and you only get in on the trade (when it is already in the green), you have already missed out on the opportunity to gain significantly.
But by you doing
homework and learning how to check the market and find the winners in a
downward trend percentage wise and then trading with those coins will have you
stand at a completely different juncture with a purpose and a reason to live
after doing this for three-hundred and sixty-four days straight!
Just for
clarification, a cryptocurrency COIN (BTC, ETH, HBAR, XRP etc.) operates
independently on its own platform/code as appose to a cryptocurrency TOKEN (DOGE,
LINK, UNI, etc.) that requires another platform.
It’s not like you
can take the formula they use in Dragons Den, Shark Tank or Unicorn Hunters to
determine the value of a coin or token as they would for a business showing
sales revenue. So how would one distinguish between a good investment vs a bad
investment when it comes to coins or tokens?
Besides the
project or technology, patents, and the team behind the asset, you may want to:
·
Figure
out how many coins are currently in circulation and how many are outstanding,
once saturated, it becomes scarce and valuable due to demand.
·
Take
the max supply of the coin in question and divide it with the max supply that
Bitcoin (BTC) has. The closer to zero, is considered something worth looking
into, but compare it with other coins. This number will show you how high in
price/value the coin in question must become to have more-or-less the same
valuation of the BTC price at any given time.
·
Take
the market cap of the coin in question and divide it with the market cap of
Bitcoin (BTC). The closer to zero this percentage, the better. To determine the
Market Cap, you take the volume/price and multiply it with the circulation
supply.
·
And
finally figure out or estimate the total Market Cap (price tag) the coin in
question will be in ten years from now. This is off-course very speculative,
but probably the best you can do for the time being. Speculate on the number of
people, corporations or investment-firms that will invest in this project and
the average amount you think they may want to put forward. This would then give
you a speculative market cap (price tag) for the future. Once you have that
number, you can divide it with the max supply of the asset which will give you
a very good assumption or speculative price per coin in the future. All you
need to do is invest and be patient.
TIP: More often than not, you
are better off by being a “hodler” (buy and hold) than trading. Experience
traders outperform the market which they then in turn put towards their holding
portfolio for better gains.
These formulas
and, or figures can be provided upon request for a small donation, if excel isn’t
your forte. Reiterating the fact that you cannot really put a number to value
being presented here, blessed are those who return their appreciation and
become a patron for the furtherance of the Kingdom especially after our
heavenly Father has lifted you up from the pit of despair, and out of the miry
clay. The Lord commended the unjust steward, because he had done wisely: and
said, ‘for the children of this world are in their generation shrewder than the
children of light’[1]
For any donations above $20 I will ship the Cryptocurrency Trading Exploits publication for free. Send me proof of deposit to clicks2life@gmail.com with your name and shipping address.
XRP Donation into XRP Address:
BTC Donation into BTC Address:
USDT Donation into USDT Address:
Comments
Post a Comment