š§ Before You Buy: 7 Questions Every Investor Should Ask šø
In crypto, itās easy to get caught up in hype. But if you want to protect your capital (and sanity), donāt just FOMO ināpause and ask yourself these 7 critical questions before every buy:
1ļøā£ What problem does this project solve?
If the answer is vague or feels forced, itās probably just noise. Real value comes from real utility.
2ļøā£ Whoās behind itāand are they doxxed?
Strong teams donāt hide. Google the founders, check LinkedIn, look for past successes (or failures).
3ļøā£ Is there real demand for the token?
Does the token need to exist? Or is it just a glorified fundraising tool with no actual use?
4ļøā£ Whatās the market sentiment & volume?
Are people buying thisāor are you the only one showing up to the party? Low volume = high risk.
5ļøā£ Is the chart showing strength or weakness?
Donāt ignore technicals. Buying into a freefall without support is how bags are born.
6ļøā£ Whatās the downside risk?
Can you stomach a 50% drop? What happens if this goes to zero? Always know what youāre risking.
7ļøā£ Whatās your exit plan?
No entry is complete without an exit. Set your take-profit and stop-loss BEFORE you buy.
š Pro tip: If you canāt answer at least 5 of these confidently, youāre not investingāyouāre guessing.
Stay sharp. Play smart. And always protect your capital. š”ļø