Hello community of Hive, today I come with a post that I hope will serve to guide a little to some users who might be interested in the cryptographic world beyond just publishing, perhaps they have a great investor within them and are waiting to awaken that passion.
But like everything else, before entering the investment arena, it is best to take that necessary learning path to minimize risk. Read well, MINIMIZE RISKS, not eliminate them completely, in fact I believe that it is practically impossible, much less if we speak of a market as volatile as that of cryptocurrencies.
So, join me in the development of this publication, to review an important point, The projects behind cryptocurrencies.
Let's define what a project is:
"It is a temporary, unique and progressive attempt or effort made to produce some kind of tangible or intangible result (a unique product, service, benefit, competitive advantage, etc.). "Source
As the concept says, the results of this can be "tangible or intangible", in the case of cryptocurrencies, which is what I want to deal with in this opportunity, we must be clear that we cannot touch them, but we know very well that they have their value, in some cases a few cents on the dollar, but in others it can be worth hundreds or thousands of dollars, so we are simply talking about money.
And for this reason, we must study very well what is (and also who are) behind each of these projects.
Generally we see only the name of cryptocurrency, we know that there are some that have their great recognition, and for that reason they are the most used, however, there are many names that of projects that arise as of wool, sound a lot, their prices are catapulted in an impressive way, and then in a matter of days they disappear, and those who have invested at the time of their high price believing that it would continue in ascent end up losing their money, or if they run with luck they could recover it but after months or years.
Well, these events can be done if we dedicate ourselves to investigate very well the project, the people that integrate the team, go to their social networks, now more than ever this is particularly easy, read the white sheet of the project, the technical aspects, really know what it offers, **is there another similar project? **is there someone recognized and with a trajectory in the cryptographic world inside the team?... these are only some questions that we should answer before investing in some project, because if not, the risks of losing our money increase when not doing it.
This is our job, it's something I've been learning by reading, researching, and of course, making some mistakes that have made me lose money, the intention of this post is that this is not necessarily your case, and that you can take away the basic idea that "THERE IS (or should be) a project", if there isn't or it's not clear to you, it's better not to enter until you are sure what it is, there is another basic rule in investing: "don't put money in something you don't understand", very simple, right?.
For now, I'll say goodbye, hoping this publication will be helpful. It is a personal opinion and not financial advice.
Have a great day.
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