New to #crypto ?, this is how to DYOR (do your own research) on any coin before you hop on it 🧵🧵
RT FOR OTHERS
First you need to download all these apps you have here.
There are the tools you’ll need for your fundamental & technical analysis
- go to coin market cap and type the name of the coin you want to research on.
- it will bring out data like you’re seeing in the frame 2 & 3. Read them and the attached links
At the end you’ll have an idea of what the coin is about, where to buy and the likes.
Go to coin gecko and check the date of the ATH ( all time high) & ATL (all time low ). From here you’ll have an idea maybe you’re buying the top or you’re buying the bottom
It’s not advisable to buy the top. Always buy lower and sell higher. You can also set alert on this coin
I made a thread before on what to look out for when you want to know a good crypto currency, follow the tips here while doing your research and note those things
Read it here
I forgot to add market cap in the thread. Look out for a good market cap is important.
Market cap, is the market value of a publicly traded company's outstanding shares. You can know this from the CMC app
E.g with $99bn market cap as at the time of this screenshot.
Before we continue, I buy & sell crypto currency at good rate. Kindly patronize me or refer me to your friends don’t let me die of hunger 🥺🤲🏾. #bitcoin #bnb $USDT $ETH $SOL
Send a dm or WhatsApp bit.ly/3epwYrb
After checking the market cap if it falls in low cap, mid cap, large cap or mega cap. Check social media, crypto news channel and see what people are saying about it. That will give you an idea if it’s a good one or not.
Proceed to do your technical analysis & find a good entry to buy or sell.
One other thing don’t put your emotions in trading, the market doesn’t care about you. As you’re pressing a buy button, someone else is pressing a sell.
You can learn more via YouTube, google, CoinMarketCap.com, investopedia.com & babypips.com on PC.
If you wish to read more of my threads on #cryptocurrency, join my telegram channel where I also share my trading signals and helpful tips.
t.me/joinchat/Ycq1g…
Turn on post notifications not to miss out on any new info.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.