The crypto market is so volatile that, the trading candlesticks just move green-red anyhow. So, as with everyday life, you need a strategy to win. You need some pointers to guide your way.
With this background, what should be the pointers to winning big in crypto? Well, I say just look out for two things; The Project and The Token Supplies.
These pointers are so powerful that, they can tell if you’re just wasting your time in the crypto space or you’re in for some real payout.
Now, here is the breakdown;
1️⃣ The Project; there hundreds of thousands of crypto projects. Some are fake projects looking real. Some are actual projects. Be like Warren Buffet; look out for the hidden gems, those projects people over look because they haven’t catch the hype yet, but you believe can explode Big Time. How is the adoption process going? Who are the creators? Is there a community support? How many chains have listed the project? And other questions could shape your mind and choice in knowing the ‘best’ from the lot.
Nonetheless, you have to do your homework on them, and always try to be an early investor with an investment plan like the Dollar Cost Averaging method.
Image: Tokenomics Learning
2️⃣ The Total/Circulating Supply; never over look these supplies when buying any crypto token. I’m convinced that, the power of the price of cryptos lies in their supplies.
For me, this is basic financial economics; the more a good is available than its demanded, the lower the price of that good.
Imagine if Bitcoin had a circulating supply of 1.5Trillion, that will mean that, even with all the hype and adoption today, $BTC would have been worth just about $1 now.
Yes, the crypto market is uncertain and things can change really quickly..but as an investor, you have to look out for realistic opportunities that are worth your time and money.
A crypto project that has $1billion circulating supply of tokens plus some hype has a far greater potential and chance to reach $1 per token to a project that has $100billion circulating supply and all the world’s hype.
Well, in the end I think you should stick to a strategy that best works for you but these are just some important pointers to look out for.
