WHAT SHOULD YOU KNOW BEFORE CHOOSING A CRYPTOCURRENCY TO MINE ????!

in #cryptocurrency7 years ago
  • Before buying or investing in any currency, it is necessary to know it's total number in the globe market which the currency will cease to be issued (whether mining or other). This is because the currency number is a key factor in its price. example the exist BTC until now is 16M and once its reach 21M gonna stop it that the raison why its so demanded with the highest price, but in the currencies that we find in billions of dollars always find that the common feature is that the prices in cents and that because the supplying is much more than demanding.
    • So if you are going to invest in Doge-coin for long term investment and you will store it. I will never advise you because it will be a waste of time and effort. Do not always look at the number of currency you will get. you can hold 1M of doge-coin which is not equal of 1BTC.
    • to know the total number of any cryptocurrency visit : https://coinmarketcap.com

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