5 Things to know when you invest ( #2)

The second strategy to invest is to spy on the market. What does spying on the market mean? Spying on the market means you are observing what is currently working in the crytocurrency market. What you want to specifically look into is:

· What is the most sought after currency?

· What is the value of the currency?

· Which currency has the highest market cap?

· Should you buy and hold the currency for future investments?

Always remember that the cryptocurrency market is very volatile and the values fluctuate every now and then. The values usually depend on a lot of factors such as the speculators, the market demand, the supply demand and different institutions manipulating the prices.

Shop around and do not settle immediately for a specific cryptocurrency just because it has the highest value or popularity at the moment. For instance, the most sought after currency at the moment is Bitcoin, but many professional traders and investors have predicted that Ethereum may surpass Bitcoin and become the currency of the future in the coming years. Therefore, always spy on the market and analyze the information.