Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website:
https://www.ledgerwallet.com/r/67efWant to join coinbase to begin your crypto journey? Here’s a link to get free $10:
https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too:
https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite:
http://share.robinhood.com/heidic1Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann
If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App:
https://play.google.com/store/apps/details?id=br.com.freeflowt.coinviewLINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
It explains how to be critical of every aspect of an alt coin, from the technology and economics to the marketing and history.
Here are some things to look out for:
Here are some questions you should be asking when you want to identify the core reasons to invest in an alt coin:
* What problem is the Cryptocurrency trying to solve ?
* Are there alternatives to address this problem that are more efficient?
* Is the Altcoin structured with central control or a decentralised governance?
**And I think this last one is very important to consider:**
* How much of the price of the cryptocurrency is based on the value being delivered today and how much is it based on future promises of development?
Marketing Strategy/Social Proof:
If you’re looking for an alt coin that has some longevity it’s wise to investigate it’s social circle. How big is the community? You can find out by checking how many followers the coin has on Twitter, and by paying a visit to it’s slack channel. Not only will you be able to see how active the community is, but you’ll also get a feel for the overall sentiment of the coin. The slack channel is also a great place for you to ask all of your hard hitting questions. Like how many times has the alt coin rebranded and why?
Development team and Technology:
* What is the new tech that the altcoin is developing? (if any)
* Can the solution be easily copied?
* What is unique about the team behind this altcoin?
* What are the weaknesses of the development team?
* Are the dev team accessible?
* Are their identities public?
Price analysis:
Im sure you’ve heard the phrase pump and dump more than a few times by now.
These are essentially fueled by investors who spread FOMO to pump the price, that’s fear of missing out and then spread FUD to crash the price down, that’s fear, uncertainty and doubt. Many times it is the day traders who create these pump and dumps so they can skim profits.
...
https://www.youtube.com/watch?v=p8-oyJ4TTKg