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Due to the rapid development of Blockchain technology, a series of other virtual currencies were born to serve many different purposes, making the overall cryptocurrency market very diverse and the choice and decision making. Determination is sometimes not easy.Therefore, in this article, I will talk to you about the cryptocurrencies worth investing in the second quarter of 2020 under certain criteria.In addition, I will introduce some strategies for selecting virtual currencies worth investing in.

Start!

Cryptocurrency market in the first quarter of 2020

The first quarter of 2020 marks a period of global economic crisis due to the strong impact of the corona virus, although the cryptocurrency market has always been considered a safe haven channel whenever the world. geopolitical events occurred

However, it seems that this time the impact of the translation is so great on the liquidity of the financial market that investors are forced to sell everything their intangible assets including money. electronics and especially Bitcoin.

This action caused Bitcoin to lose 10% of its value in the first 3 months of 2020 even though it achieved a significant 30% increase in January thanks to tensions between the US and Iran.

The fall in Bitcoin price is also one of the reasons why the market capitalization of cryptocurrencies also evaporates 5% (According to TradingView), which is understandable because basically BTC is still a valuable virtual currency. value and highest liquidity in the market.

However, the problems with the cryptocurrency market do not come from the market itself, but are largely affected by a force majeure reason (corona virus) and the fact that this potential market will soon turn. back to development is undisputed and that is reflected by the fact that BTC had a strong price increase to return to the price of over $ 7,000 after only 18 short days (from 16/3 up to 3/4).

And like the comments of the CEOs in the field of digital technology, it has been said that the recent decline in the price of the cryptocurrency market is simply due to the emotional behavior of investors, not from the its value proposition.

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Coinsbit

Therefore, the market overview in the first quarter of 2020 is most objectively considered as a small incident of the market caused by the emotional behavior of investors, and when the world is preparing to turn. With the normal development trajectory after the pandemic, the cryptocurrency market will surely explode as strongly as before.

Every investor participating in the cryptocurrency market wants to buy the best coins to maximize their profitability, but assessing which virtual currency is “good” is Not everyone can do it now. Experienced investors rely on the following general characteristics to evaluate a coin to see if it is really worth investing in:

  • ۞ Stability: In essence, cryptocurrencies are the most reliable market for long-term investors, so to determine whether to invest in a coin or not The first issue to consider is the stability of that coin.

Let’s look at BTC as a prime example. Although its value fluctuated up and down with the time reaching over $ 20,000 and reaching the bottom below $ 4,000 as recently, its recovery It is almost instantaneous, which means the core value of the coin is high and should be included in the list of coins to be noted

۞ Exception calculation:

Certainly, creating a highly stable currency like BTC is not easy, especially in the context that most of the altcoins are now traded with BTC itself

However, there is no way that only BTC can make a miracle, so when you discover coins with high base value and high development potential, you should focus on it a lot. possible.

Following a coin with great potential in the first place will help you earn a huge amount of money when it is noticed by other investors.

۞ Growth rate

This issue has always been at the core of every process of evaluating any asset commodity and with the cryptocurrency market it is no exception.

Looking at the growth of the coin will show us its future development as well as make forecasts about the value of the coin over time in the market. is high or very high that investors will choose short-term or long-term investment for good coins.

۞ Technology that makes coins

Because of their nature as “ electronic ‘’ coins, the technology that makes up the coin has always been a criterion for evaluating its long-term development, although currently most major coins such as BTC, XRP, ETH works according to a common model and they connect

How to choose a cryptocurrency worth investing now !

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The free coin starts on February 20, 2019 and will run until May 20, 2020

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Introduction to exchanging Coinsbit

Coinsbit Exchange — Award-winning cryptocurrency exchange

High performance: The main distinguishing feature of Coinsbit is its processing speed of up to 10,000 transactions per second and 1,000,000 TCP connections

Strong security: Over 95% of all currencies are stored in cold wallets. WAF (Web Application Firewall) — is a web application security screen that detects and blocks hacker attacks.

Advanced interface: We use the One-page application Website components are downloaded once per page. Additional content is downloaded as needed.

About CNG

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CNG — Game Token: The best solution for casino tokens from CNGame Casino and exchange partner Coinsbit, one of the world’s leading cryptocurrency exchanges! Payment guarantees, the absence of intermediaries and banks and all the advantages of cryptocurrencies are combined in the future game token — CNG!

۞ Rule №1: Read the Whitepaper

A whitepaper, or white paper, is a type of document designed to explain all the issues related to the process of formation and core value of money, in addition to providing information. It is also important to read the future of the coin and the group behind it to create the coin.Whitepaper should be read first in the process of understanding the coin so that investors have a look at it. in advance about the operating form as well as potential future values

۞ Rule №2: Understanding market capitalization (Coinmarketcap)

The number two rule of assessing a coin before deciding to invest in it is that you need to check the supply and price of a coin in the market.Only pay attention to coins that have at least 80% of the number currently circulating in the market because only when this rate is reached will the liquidity of the coin be considered acceptable.The value of a coin only reflects the value of how people perceive it, so it is not a determining factor for your investment. The important thing is that the development potential contained in each new coin needs the most attention.The tip of investing from professional traders is to not buy a cryptocurrency simply because they are cheap!

۞ Rule 3: Check transaction volume

The liquidity and trading volume of money are an important metric in assessing its future development.Coins with high transaction volume proves that it is gaining high recognition from investors around the world and this indirectly guarantees the future of the coins themselves in the market. then, its trading volume must increase in proportion to its value.As a general rule, we recommend investing in coins with a trading volume of at least $ 10 million, and the probability of success investing in coins that meet this condition will be many times higher. compared to spending money on a coin with a low trading volume and waiting for the magic to happen.

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Smart cryptocurrency investment strategy

The best cryptocurrency strategy for 2020:A few months ago people were optimistic that BTC would soon reach the $ 100,000 mark this year or 2021 but at the moment the price of BTC has once dropped below $ 4,000 and is only recovering. back at $ 6762.73.Obviously this happens often in any trading market in the world. Of course the ultimate goal of the investor is to buy low and sell high but how do you know when the trend is? price reversed to be able to make a reasonable buy / sell order?This question is always a difficult problem for all investors and only devising a smart investment strategy can limit the risks and find reasonable entry points. Here are a summary of 5 investment strategies that you can refer to:

Strategy number 1: start with small deals

As with any financial investment, when you’re just starting out, put most of your capital into anything, start with a small investment and make sure that if you have one If you lose them, you will not be too affected by psychology. This helps you just have practical experience in investing on the other hand if the risk occurs, you absolutely have a chance to start again.

Strategy №2: Spread investment

It’s not always a good idea to invest in the top coins.Instead, use only 60% of your investment in the top 5 most valuable coins and the rest. divided into many allocations to other potential altcoins.After observing the price movements of these altcoins for a certain period of time, you will be able to find rules that influence their price trends.

Strategy №3: Optimize assets

If you have idle cash funds and don’t use it for business purposes, it can be converted into investments at a rate of 80% of the idle cash. allocate to the 3 most potential coins in the form of long-term investment and withdraw only when they reach your price target

Strategy №4: Choose a suitable investment method

After taking a long time to understand the market as well as potential coins, the next thing you need to do is determine for yourself the appropriate investment form for each corresponding coin. different

Form of long-term investment (Hold): is the form of investment in which you will own the coin for a long time (maybe up to years) wait until its value reaches the expected price of the copy. Dear friends, in the process, you will continue to buy coin if it goes down. This investment method is only suitable for coins with great potential and strong development such as BTC, ETH.

Short-term investment (surfing): is the form of investment that you will rely on the daily price fluctuations of coins to make profit based on those price differences.

This form requires you to look for coins that have not too large transaction fees and fast money movement speed in seconds because with this form of investment, speed is the key to success in trading. This is not really suitable for BTC investment but only suitable for coins like XRP, ETH …

  • Strategy №5: Keep your distance in cryptocurrency investingInvesting in cryptocurrencies can create wealth for you, but be alert for tempting information in this market.It is best to treat your investments as your own working capital and for emergencies only, restructure your cash reserves and invest in this market. Moderately recommended by experts than putting all of their wealth into it.
  • The free coin starts on February 20, 2019 and will run until May 20, 2020

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I hope with your suggestions you can choose yourself an electronic money exchange 1 smart way

Thank you for reading my article. If you need any help, please let me know in the comments so I can assist you.

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Coinsbit Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Coinsbit consists of four parts: general information, fees, deposit methods and security.

General Information

Coinsbit is an exchange that launched in August 2018 and is registered in Estonia. Estonia is actually the only country in the Baltics that has cryptocurrency exchanges. But there are more than one: Kriptomat, Jubiter and Crex24 all come from Estonia.

Also, Estonia is aiming establish itself as one of the European go-to countries for cryptocurrency companies. As in New York, you can apply for exchange licenses here (normally two licenses together: license as provider of virtual currency exchange against fiat currency, and license as provider of a virtual currency wallet service). This is a very interesting development that we are following closely!

Coinsbit has a lot of interesting features. It particularly promotes three of them though, namely that it has a high performance trading engine, that it has strong security and that it “support main coins”. The latter is not really an advantage in our view. All exchanges support BTC and ETH. The trading engine advantage and the security aspect are however both very good features of this platform.

Coinsbit Advantages

Great Liquidity

On the date of first writing this review, 28 March 2019, Coinsbit had a 24 hour trading volume of USD 67 million. This is quite decent, and places Coinsbit on place 54 on the list of the cryptocurrency exchanges in the world with the highest 24 hour trading volume. On the date of last updating this review (22 March 2020, right in the middle of the crisis with COVID-19), the 24 hour trading volume of Coinsbit had improved enormously. It was then USD 2.42 billion (!). This placed it on place no. 7 on Coinmarketcap’s list of exchanges based on reported 24 hour trading volume.

US-investors

Coinsbit does not list US-investors as prohibited from trading, but US-investors should – as always – do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).

Coinsbit Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Coinsbit:

Coinsbit Trading View

Coinsbit Fees

Coinsbit Trading fees

Trading fees are naturally also very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Instead, they have what we call “flat fees”. This means that each party to a transaction pay the same fee. At Coinsbit, this fee is 0.20% of the order value. 0.20% is in line with, or even slightly below, the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards even lower fees.

Coinsbit Withdrawal fees

Coinsbit charges a withdrawal fee amounting to 0.0012 BTC when you withdraw BTC. This is somewhat above the industry average, which is 0.000812 BTC per BTC-withdrawal.

Deposit Methods

This exchange accepts a wide variety of deposit methods, both wire transfer deposits and credit card deposits are possible. This makes this exchange qualify as an “entry-level exchange”, enabling completely new cryptocurrency investors to take their first steps in the cryptocurrency world.

Coinsbit Security

Finally, we run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Coinsbit received an F-score in this test. When looking at all the exchanges in our Cryptocurrency Exchange List, the majority of all exchanges actually receive an F-score. So it shouldn’t lead you to believe that the exchange necessarily has poor security.

Also, Coinsbit states clearly on its website that it has 95% of all assets in cold storage.

Trade COINSBIT now to get 30000CNG = $ 300 in June to receive it

***

The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):

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