Many new investors are doubt when to start their investment in cryptocurrency. Investing has risks therefore minimizing risks is the key to profit from all invesment. How to minimize risks to invest in cryptocurrency.
1. Security
New investors should have knolesge to secure their wallet. That is very basic knowledge in cryptocurrency. Don't lock your money because you loose your private key. Keep secure your wallet from hackers.
2. Look at the rank of coin in marketcap.
There are many algorithm of coin and token marketcap like coinmarketcap.com coingecko and others. I suggest invest in to 30 coins. They have good future because the developers are very active and the community are strongers than low rank coins. Gaining profir from lower marketcap is higher but you will speculate bigger because low marketcap shows the popularity of the coins Coin in high rank of marketcap has high daily trading volume. The volatility is lower than low rank coins.
3. Look at the project.
Look at the crypto project behind the coins. Chainlink is a decentralized oracle service so the project is B2B products. Chainlink developers are good team. They continue to make partnership with other start ups.
BAT token is good project. The price is still under 0.5 usd but the community is growing. BAT token is reward token in brave browsers. Brave browsers has unique blocking ads system wher end users have tool to block or unblock ads.
3. Community of the coins
How big is the community of a coin will influence the sustainability of the coin in the future. A community of good coins are developers, users, exchangers, partnership, merchants and retailers. DASH has strong community. It has tens of group of developers, thousands merchants and retailers ,hundreds of exchangers, 5000 thousands masternodes and thousands users.
Conclusion
All investments have risks. Minimizing risk is the key to profit. Start from small practice then when you are sure to jump in bigger investment you will gain bigger profit. Sell when you investment has calculate profit. Keep when the profit is still low and buy back coin to multiple asset in low price.
