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In this video, you will learn how you can do the fundamental analysis of Cryptocurrencies. You will also get to know which coins to buy and which ones to avoid. If you've spent much time investigating cryptocurrency, you've probably heard the advice to research any coin or project before you invest in it. But, what does that mean? How do you research a cryptocurrency, and what do you look for?
"Do Your Own Research"
Cryptocurrencies are built on solid software and there are genuine and promising applications for them. Furthermore, people do make money investing in cryptocurrencies, but people also lose a lot of money in cryptocurrency scams. Therefore, before you put any money at all into a cryptocurrency, you should spend some time investigating whether the currency is legitimate or not.
You can begin inspecting a cryptocurrency as soon as you hear about it, before you begin any serious research. Consider:
How did you hear about it, and what did you hear about it?
Did you hear about it from a reliable and trusted source?
Did you hear about the project that the currency enables?
Or, did you hear about how much money it's going to make investors?
Two more mantras for early crypto investors: No one gives away free coins, and if it sounds too good to be true, it probably is.