Why is it important to understand your investment risks?
When entering the world of cryptocurrency investing the first thing veterans and newcomers alike have to deal with is the vast amount of information available. This is no different than the situation in any other investment vehicles, be it stocks, bonds, commodities or forex, to name just a few.
The difficult part is separating the good from the bad, the unbiased truth from the wishful thinking of uninformed participants of the crypto space (and there are a lot of those around). Company websites, roadmaps, countless videos of self-proclaimed “gurus”, well-intentioned but poorly informed enthusiasts, the outright shill machines and con artists are nothing but a hindrance when trying to conduct proper cryptocurrency analysis.
In the world of crypto investment it is not enough to just join a few Telegram or Twitter groups, watch a few Youtube videos and read an article here and there to make a buying decision. A more focused approach is needed. To this end, finding the correct sources of information and commentary needs to be complemented with the aid of massive amounts of data, preferably sorted in a way that makes its analysis straightforward.
A tool providing useful information like market caps, coin supply, trading volumes, etc, is a good start. An even better start is finding a crypto ranking that takes even more data into account to empower you, the investor, to make sound decisions in allocating capital to the different digital currencies. Or even to know when to liquidate and stay in cash to weather a storm.
Cointobuy.io is one such tool. With crypto analysis covering both technical and fundamental factors explained in a simple, concise manner, making the right decisions is made all the easier. Our ever-evolving formula is sure to stay up to date with changes in price that show any divergence in price patterns and possible buying and selling opportunities.
To make it even simpler each coin is given a safety rank based on all the collected information. This allows you to easily identify before even reading up if you are looking at a relatively stable, long-term asset or a highly speculative one.
Armed with this knowledge, your investment options will simply depend on factors tolerance risk, whether you are buying for the long-term or executing short-term trades and personal preference. Greed and fear, the two main drivers of every market, will be kept in check by having the right insights at all times. Fear of missing out will become a thing of the past when you know exactly what you are buying, why you are buying and if it is the right price point to invest in or not.
Historical price data, market capitalization, trading volume, social activity, availability on exchanges, price change percentages, all combined into a single score to guide your cryptocurrency investing decisions.
It all merges into a single place to show you the safety level of the coin you want to buy. One very handy crypto tool with ultimate analysis ready to use at no cost.