Crypto Investing on a Budget: COMPLETE 101 GUIDE!! ๐Ÿ’ฒ


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๐Ÿ“บEssential Videos๐Ÿ“บ

Coin Bureau Cryptocurrency Portfolio ๐Ÿ‘‰ https://youtu.be/zRJslqJJRJs
Cryptocurrency Tokenomics Explained ๐Ÿ‘‰ https://youtu.be/ftCaqG7wckg
Coinbase Listing Criteria ๐Ÿ‘‰ https://youtu.be/GnI8-uxZPEg
How To Sell The Top ๐Ÿ‘‰ https://youtu.be/W5MCQJR-yWA

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– TIMESTAMPS –
0:00 Intro
1:51 Why not both?
4:37 Why do you want to buy these?
5:19 Social Engagement
7:07 Sell Pressure
1 0:22 Buy Pressure
13:12 Growth Potential
16:35 Conclusion

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โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ

โ–บ Coinmarketcap: https://coinmarketcap.com/
โ–บ CoinGecko: https://www.coingecko.com/en
โ–บ Messari: https://messari.io/
โ–บ ICODrops: https://icodrops.com/
โ–บ Upcoming Grayscale Trust Filings: https://www.coindesk.com/digital-asset-manager-grayscale-eyes-defi-space-with-new-trust-filings

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๐Ÿค”Why not both?๐Ÿค”

For starters, you might not have enough cash on hand to make diversifying your investment worth your while.

Another reason why it might be better to invest in just a few of the cryptocurrencies youโ€™re interested in has to do with fees, specifically exchange fees and transaction fees.

The last reason you might want to consider choosing a smaller number of cryptos to invest in is for practical purposes.

Keeping up with updates, news, and price action for more than a dozen cryptocurrencies can be difficult to do and missing one of these could mean the difference between a 2x and a 10x return.

๐Ÿค‘Why are you buying?๐Ÿค‘

The first step in your triage process is to ask yourself why these cryptocurrencies are on your list to begin with.

If you want to invest in a cryptocurrency purely because youโ€™ve been led to believe that it will go up in value due to hype, then you can immediately scratch it off your list

๐Ÿ‘จโ€๐Ÿ’ปSocial Media Presence๐Ÿ‘จโ€๐Ÿ’ป

There could be a cryptocurrency on your list that is objectively the best by every possible measure, but if it has no online reach or community base then it may as well not exist

The easiest way to check if the cryptocurrencies on your list have sufficient engagement is to check their Twitter followings and watchlist counts on CoinMarketCap

For reference, most cryptocurrencies in the top 100 will have Twitter followings and CMC watchlist counts of more than 100 thousand

๐Ÿ“‰Sell Pressure๐Ÿ“‰

Broadly speaking, there are two supply sources in cryptocurrency: inflation and vesting, i.e. the unlock periods for any coins or tokens allocated to private investors or the team behind the crypto project

Inflation isnโ€™t really a problem if youโ€™re only planning on holding a cryptocurrency for a few weeks or months. You can also sometimes offset that inflation while you wait to sell by staking that coin

While vesting schedules come in all shapes and sizes, the main thing to look out for are any large vesting cliffs because this sudden release of tokens in such a short period of time often suppresses price

The worst part is that many cryptocurrency projects allow their initial investors to stake their coins or tokens while they are vesting. In other words, they are earning inflationary rewards while they wait

๐Ÿ“ˆBuying Pressure๐Ÿ“ˆ

While there are multiple demand drivers in cryptocurrency, two of the most powerful are use case and institutional demand

Even if the cryptocurrencies youโ€™re considering have high inflation and aggressive vesting schedules, it is very possible that the demand for some of them could be high enough to overcome that supply shock

Ideally the demand coming from the use case should be real, something long term, and not due to a short-term incentive of some kind

If youโ€™re lucky, some of the cryptocurrencies youโ€™re considering might be on the radar of institutional investors

๐Ÿ’ฐGrowth Potential๐Ÿ’ฐ

As a general rule of thumb, the smaller the market cap, the more potential it will have to grow. The tradeoff here is risk โ€“ smaller cap alts will be very volatile, and thereโ€™s no guarantee theyโ€™ll pump

If theyโ€™re trading on good exchanges but not Binance or Coinbase, thereโ€™s a possibility one of them could be listed there if they continue to see community growth and development

If youโ€™re lucky, youโ€™ll get a roadmap with detailed dates or at least estimates. As with listing announcements, you can expect the price to pump when the crypto news picks up on the update

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #bitcoin #ethereum #investing #cryptocurrency

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