1 Level
3 Review
0 Karma
Review on Litecoin by dance islamet
based on the supply of coins in circulation until the total supply ratio…
based on the supply of coins in circulation until the total supply ratio Coinvestor can determine how much coin has the potential to be dumped on the market by the coin development team. If the number is too large, it means that the coin-coin has the potential to decrease in price due to oversupply. Conversely, if it is too low it means that a coin is increasing in popularity and the possibility of the price will increase along with the increase in demand but the supply is insufficient. Actually this is a better metric for determining the potential of a cryptocurrency than others, because it can't be manipulated.
Pros
- In general, the bigger the volume, the better it is for the coin, because the coin will be easy to buy and sell. If the coin has a low volume, then the coin investor must wait longer to sell and it may be difficult to find a buyer at the current market price. So coinvestors must save the coin longer in the market to get the desired price or reduce the price so that it can be sold faster.
Cons
- Investing in cryptocurrency is a risky thing, and unlike other markets, the cryptocurrency market has no regulations. Even though there are many people who have benefited a lot in the marketplace, there are also those who suffer losses.
