Written by:Diomer Antonio Galán Rincón.
Bachelor's Degree.Public Accounting / MSc.Science of Higher Education.
Author: @dgalan,through Power Point 2010 tool, and using public domain image gikplus.com/
When entering the cryptocurrency market it is very important to have previous knowledge or try to investigate the financial world that you are venturing into, because in a very short time you could lose the capital that has cost you to accumulate for several years for some and for others products of family wealth, because if you do not have the minimum tools it will be very difficult to make a profit, it should be noted that investment is something very personal and not everyone is suitable for this.
Investment in cryptocurrencies for any investor, whether new or regular, is full of thousands of opportunities, but also of financial failures and frustrations. There are times when new Initial Coin Offerings (ICO) come to the market adding to the large number of existing or launched ones that can take advantage of increasing the interest of investors, it is there where you must have prior knowledge of the project to be able to make investments safely and not just to enter the market.
We can mention that among some of the benefits that may be involved in entering an ICO is having a preferential use of the protocol or being able to receive some discounts on the opening price to the market.
Image taken from:Pixabay
It should be noted that not all of them manage to go to market because they do not attract the interest of investors. Moreover, even those that are already on the market in some cases take some time to find the necessary momentum to consolidate a price on the Blockchain. On the other hand also after having possession of the asset, you can sell it at the time you see fit, but the problem is that the gains with respect to the entry price could be lower and even incur losses.
It is important to keep in mind that there are a lot of cryptocurrencies and blockchain that offer many possibilities of how to get hold of a digital currency or be a development platform for other projects. It is noteworthy that you can find projects similar to large cryptocurrencies such as Bitcoin or Ethereum to name a few.
To conclude we must consider that all assets (cryptocurrencies) are volatile. And the universe of cryptocurrencies is still an unknown world, so if you want to invest you must arm yourself with patience, wisdom, intelligence and a strategy to follow.
I hope you like my article and I would appreciate all your comments.
bibliography consulted:
1.- https://www.europapress.es/economia/finanzas-00340/noticia-bit2me-cierra-47-segundos-segunda-fase-oferta-inicial-moneda-75-millones-20210913125536.html