I will show you how you can do the math yourself on how much headroom a crypto coins price has compared to other projects like it…
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This channel was created for new people in the Cryptocurrency space. If you have any questions you can always ask in the comments below or come on my live stream every Sunday. You can also DM me on Twitter at @Skystruckcrypto, I am there often. I am here to help everybody understand this space, avoid all the scams, and help us all achieve our Crypto goals!
I believe decentralization is the future and putting the power back into the hand of the people isn’t just a dream it’s an actual reality that is now possible thanks to Bitcoin!
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*WARNING*
Nothing I EVER say should be considered advice. This channel is made for entertainment purposes only. I don’t want anybody losing money so please DO YOUR OWN RESEARCH! Only invest in what you don’t care to lose and have fun! I am just some guy on youtube, please be careful with your future. This should be looked at as a type of gambling as most investments. I share what I am doing but I am risky and lose money on trades often. You will as well when getting into trading. Prepare yourself, the emotional rollercoaster will happen, it happens to the best of us, just make sure and learn from it. 🙂
*WARNING*
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MY CHANNELS CHARITY MONEY
I make money off these referral links but ALL money youtube gives me goes straight to charity. More information and details can be found below.
See details here:
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My Links
My “Website”:
Twitter:
Youtube:
Discord:
Facebook:
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Okay… so all these links below I make money off of. That being said I actually use all these products often. You don’t need to use them but if you want to use the product and support me then there are the links 🙂
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My Favorite Exchanges
Crypto.com:
Coinbase: (When using Coinbase use pro.coinbase.com to avoid fees)
KuCoin:
Binance USA:
Robinhood:
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Investing in cryptocurrency can be a risky endeavor, but it can also be incredibly rewarding if done carefully and strategically. One key aspect of investing in cryptocurrency is understanding how to properly calculate a coin’s potential gains. By doing so, investors can make more informed decisions about which cryptocurrencies to invest in and how much to invest.
There are several factors to consider when calculating a coin’s potential gains, including the coin’s current price, market cap, volume, and potential for growth. By taking these factors into account, investors can make more accurate predictions about a coin’s future price and potential gains.
One of the first steps in calculating a coin’s potential gains is to research the coin’s current price. This can be done by visiting a cryptocurrency exchange and looking up the current price of the coin in question. Some exchanges also provide historical price data, which can be useful for tracking trends and making predictions about future price movements.
Once the current price of the coin is known, the next step is to calculate the coin’s market cap. Market cap is a measure of a cryptocurrency’s total value, calculated by multiplying the current price of the coin by the total number of coins in circulation. Market cap is an important indicator of a coin’s potential for growth, as coins with a higher market cap are generally considered to be more stable and less volatile.
Volume is another important factor to consider when calculating a coin’s potential gains. Volume refers to the total number of coins traded on a given exchange over a certain period of time. High volume indicates that there is a significant amount of interest in the coin, which can lead to increased price movements and potential gains for investors.
In addition to current price, market cap, and volume, investors should also consider the coin’s potential for growth. This can be assessed by looking at the coin’s whitepaper, roadmap, and team members. A strong whitepaper and roadmap indicate that the coin has a clear vision and plan for future development, while a reputable team with experience in the cryptocurrency industry can boost investors’ confidence in the coin’s potential for growth.
Once all of these factors have been taken into consideration, investors can begin to calculate a coin’s potential gains. This can be done by using a variety of tools and methods, such as technical analysis, fundamental analysis, and financial modeling.
Technical analysis involves analyzing price charts and patterns to predict future price movements. This can be done using various indicators and technical tools, such as moving averages, RSI, and MACD. Fundamental analysis, on the other hand, involves evaluating a coin’s underlying value, such as its technology, adoption rate, and competition. Financial modeling involves creating a model to forecast a coin’s future price based on various inputs, such as market cap, volume, and growth potential.
In conclusion, calculating a coin’s potential gains requires careful research and analysis of various factors, such as current price, market cap, volume, and potential for growth. By taking these factors into account and using the right tools and methods, investors can make more informed decisions about which cryptocurrencies to invest in and how much to invest. Remember to always do thorough research and never invest more than you can afford to lose.
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