For beginners, choosing the type of crypto assets to be purchased is not easy, because there are a lot of crypto assets in the world and each has its own advantages, of course. However, there will definitely be a way to choose the right crypto assets as long as we want to learn. If you find it difficult to determine which crypto assets to buy, maybe you can follow the steps below. So that later the investment that you do is in the right target.
The First Step: Filter and Research
Lately, there must be so many lucrative offers, which might make you tempted to buy right away. But before starting to buy, it is good to consider carefully, and also what strategies you will use in the future. A good start is to consider your portfolio allocation strategy and how you want to maximize that profit. One thing that could be an example is a business-focused solution for the blockchain, because that will be very important over the next few years. Many investors have succeeded in building a list of coins in this segment.
After you make a “target list”, it’s time for you to do your research.
Look for information on the internet carefully, if you only find nonsense and the web design is poorly made, then stay away from such things. Dig deeper information about the company, what has been done so far.
Look at the company in the Blockchain Explorer. How are tokens distributed throughout the account? Are several main accounts sold? Find out who is the main holder of the coin and how many coins the ICO founder and team got.
Only by doing the above, you can get ideas and images of what must be avoided in order to avoid fraud. Here are a few things we should be aware of:
Second Step: The Checklist
Once you are sure that ICO is not a fraud and deserves to be further processed, you are not finished. The next step is that you must match ICO through the following list of questions:
By matching the list of statements above with your current condition, you can anticipate and measure how much risk is generated from the investment to be made.
Benefits of Crypto Assets:
1. Transparency – Everyone can see every trade transaction on the blockchain website.
2. Immutability – It’s difficult for users to change transaction status after using blockchain.
3. Security – Secure transactions to improve integrity.
4. Quick Resolution – Blockchain improves data verification speed across networks.
5. Costs – Sometimes the main benefits of using blockchain. Can help avoid paying third party fees for verification and can reduce costs.
Step Three: Model Evaluation
You don’t need to go into financial modeling to invest in crypto assets, or you don’t need to have a financial background either. Only a simple model is enough to get a coin rating. This will place you far above most crypto asset investors.
After following the steps above, you will be able to be more careful in finding and investing your money in crypto assets.
Article source: news.tokocrypto.com by Haris Morangga